NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
YETI
YETI Holdings, Inc.
YETI has the edge over NIO overall, supported by stronger valuation and stronger modeled upside.
NIO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Unavailable |
NIO's revenue is currently strong, and its profitability and cash flow are stable. There isn't enough data to rate its balance sheet.
YETI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
YETI's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
YETI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $38.30 | — |
| Current | 16x | $38.30 | — |
| Cheap | 17x | $41.93 | +9.5% |
| Fair | 25x | $59.81 | +56% |
| Expensive | 53x | $128 | +233% |
Historical ranges are pointers, not guarantees.
YETI's PE is in its cheap range at 16x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
YETI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for YETI, with profitability improving.
NIO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.29 | +$1.45 |
| Q1 2026 | -$0.60 | +$1.16 |
| Q4 2025 | -$1.06 | +$0.60 |
| Q3 2025 | -$1.59 | +$0.02 |
| Q2 2025 | -$1.74 | -$0.10 |
| Q1 2025 | -$1.76 | +$0.06 |
| Q4 2024 | -$1.66 | +$0.21 |
| Q3 2024 | -$1.61 | +$0.32 |
NIO is still losing money, but far less than before: $0.29 per share over the past year, against $1.93 at its worst in late 2023.
YETI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.26 | +35% |
| Q3 2026 | $2.41 | +26% |
| Q2 2026 | $2.29 | +9.6% |
| Q1 2026 | $1.96 | -5.3% |
| Q4 2025 | $2.03 | -1% |
| Q3 2025 | $1.91 | -18% |
| Q2 2025 | $2.09 | -2.8% |
| Q1 2025 | $2.07 | +3.5% |
| Q4 2024 | $2.05 | +5.7% |
YETI has the edge over NIO on earnings quality, reporting a profit while its opponent remains loss making.
NIO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.8B | +69% |
| Q1 2026 | $3.8B | +112% |
| Q4 2025 | $5.2B | +76% |
| Q3 2025 | $3.3B | +17% |
| Q2 2025 | $2.9B | +9% |
| Q1 2025 | $1.8B | +21% |
| Q4 2024 | $3B | +15% |
| Q3 2024 | $2.8B | -2.1% |
NIO has the edge over YETI on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -2.1% | +24 points |
| Q1 2026 | -1.2% | +52 points |
| Q4 2025 | 2.3% | +33 points |
| Q3 2025 | -16% | +12 points |
| Q2 2025 | -26% | +4 points |
| Q1 2025 | -53% | +1.1 points |
| Q4 2024 | -31% | +8.1 points |
| Q3 2024 | -28% | -2.6 points |
NIO's operating margin was −2.1% last quarter, up 24 points from the same quarter a year ago.
YETI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $509.4M | +4.4% |
| Q2 2026 | $483.9M | +8.5% |
| Q1 2026 | $380.4M | +8.3% |
| Q4 2025 | $583.7M | +6.8% |
| Q3 2025 | $487.8M | +1.9% |
| Q2 2025 | $445.9M | -3.8% |
| Q1 2025 | $351.1M | +2.9% |
| Q4 2024 | $546.5M | +5.1% |
YETI's revenue has grown year over year for five quarters in a row: $509M last quarter, up 4.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +0.8 points |
| Q2 2026 | 19% | +5.4 points |
| Q1 2026 | 3.3% | -2.9 points |
| Q4 2025 | 13% | -2.2 points |
| Q3 2025 | 11% | -3.4 points |
| Q2 2025 | 14% | -0.6 points |
| Q1 2025 | 6.2% | -1.4 points |
| Q4 2024 | 15% | -3.8 points |
YETI has the edge over NIO on profitability, with a higher operating margin.
NIO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | +$2.1B |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | +$391.3M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | -$2.1B | +$73.9M |
| Q1 2025 | $0 | $0 |
| Q4 2024 | -$391.3M | -386% |
| Q2 2024 | -$2.2B | +$337.9M |
NIO's free cash flow was $0 over the past year, against −$2.5B the year before.
YETI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $67.4M | +7.1% |
| Q2 2026 | $48.1M | -4.1% |
| Q1 2026 | -$43.8M | +$45.4M |
| Q4 2025 | $162M | -25% |
| Q3 2025 | $62.9M | -15% |
| Q2 2025 | $50.2M | +12% |
| Q1 2025 | -$89.2M | +$25.1M |
| Q4 2024 | $215.1M | +35% |
YETI has the edge over NIO on cash flow, with more consistent year-over-year improvement.
NIO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +15.6M shares |
| 1 year | +12% | +267M shares |
| 3 years | +51% | +844M shares |
| 5 years | +60% | +933M shares |
| Available history | +143% | +1.5B shares |
NIO has 2.5B diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NIO hasn't bought back shares in the past year.
YETI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.1% | -1.6M shares |
| 1 year | -8.9% | -7.3M shares |
| 3 years | -15% | -13.4M shares |
| 5 years | -16% | -14.6M shares |
| Available history | -14% | -12.2M shares |
YETI has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $20M |
| Q4 2025 | $124.9M |
| Q3 2025 | $149.9M |
| Q2 2025 | $23M |
| Q1 2025 | — |
| Q4 2024 | $100M |
| Q3 2024 | — |
| Q2 2024 | — |
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
YETI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -0.4x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.7x | Net Cash |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | -1.0x | Net Cash |
YETI has more cash than debt.
NIO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.7 | Neutral |
| Stochastic | 6.9 | Oversold |
NIO's weekly RSI is 31 (neutral) and its Stochastic is 7 (oversold).
YETI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.1 | Neutral |
| Stochastic | 24.9 | Neutral |
YETI's weekly RSI is 40 (neutral) and its Stochastic is 25 (neutral).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
YETI PE vs Consumer Cyclical Sector
| Metric | YETI | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 18x | 12% below |
| PE % | 7 | 47 | 40 pts below |
YETI is trading at 16x earnings, a 12% discount to the Consumer Cyclical sector's median of 18x.
NIO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.36 | 9.2% below |
| 20 week MA | $4.01 | 24% below |
| 50 week MA | $4.81 | 37% below |
| 100 week MA | $4.85 | 37% below |
| 200 week MA | $6.03 | 49% below |
NIO is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.
YETI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $42.0 | 8.7% below |
| 20 week MA | $44.5 | 14% below |
| 50 week MA | $44.2 | 13% below |
| 100 week MA | $39.2 | 2.4% below |
| 200 week MA | $40.2 | 4.6% below |
YETI is in a downtrend: it's below all five of its weekly moving averages, and 4.6% below its 200-week average.
NIO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.42 | $45.8 | +1791% |
| 2021 | $45.8 | $30.5 | -33% |
| 2022 | $30.5 | $11.0 | -64% |
| 2023 | $11.0 | $9.07 | -17% |
| 2024 | $9.07 | $4.48 | -51% |
| 2025 | $4.48 | $5.10 | +14% |
| 2026 YTD | $5.10 | $3.05 | -40% |
NIO's yearly returns have swung widely, from +1791% in 2020 to −64% in 2022. It's down 40% so far in 2026.
YETI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $35.0 | $73.1 | +109% |
| 2021 | $73.1 | $83.4 | +14% |
| 2022 | $83.4 | $41.5 | -50% |
| 2023 | $41.5 | $51.8 | +25% |
| 2024 | $51.8 | $39.4 | -24% |
| 2025 | $39.4 | $45.8 | +16% |
| 2026 YTD | $45.8 | $38.3 | -16% |
YETI has the edge over NIO on returns for 2026, with the stronger performance.