NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
YUMC
Yum China Holdings, Inc.
YUMC has the edge over NIO overall, supported by stronger valuation and lower modeled downside.
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.
YUMC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Healthy |
YUMC's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
YUMC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $49.21 | — |
| Current | 17x | $49.21 | — |
| Cheap | 18x | $52.36 | +6.4% |
| Fair | 23x | $67.05 | +36% |
| Expensive | 32x | $92.59 | +88% |
Historical ranges are pointers, not guarantees.
YUMC's PE is in its cheap range at 17x. If earnings grow as analysts expect, today's price would be 15x 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.
YUMC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for YUMC, 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.
YUMC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.26 | +13% |
| Q3 2026 | $2.88 | +20% |
| Q2 2026 | $2.73 | +13% |
| Q1 2026 | $2.61 | +9.2% |
| Q4 2025 | $2.51 | +7.7% |
| Q3 2025 | $2.41 | +6.2% |
| Q2 2025 | $2.42 | +16% |
| Q1 2025 | $2.39 | +20% |
| Q4 2024 | $2.33 | +18% |
YUMC 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's revenue has grown year over year for seven quarters in a row: $4.8B last quarter, up 69% from the same quarter a year ago.
| 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.
YUMC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.5B | +8.5% |
| Q2 2026 | $3.1B | +13% |
| Q1 2026 | $3.3B | +9.7% |
| Q4 2025 | $2.8B | +8.8% |
| Q3 2025 | $3.2B | +4.4% |
| Q2 2025 | $2.8B | +4% |
| Q1 2025 | $3B | +0.8% |
| Q4 2024 | $2.6B | +4.1% |
YUMC's revenue has grown year over year for 15 quarters in a row: $3.5B last quarter, up 8.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +0.5 points |
| Q2 2026 | 11% | +0.2 points |
| Q1 2026 | 14% | +0.3 points |
| Q4 2025 | 6.6% | +0.8 points |
| Q3 2025 | 12% | +0.4 points |
| Q2 2025 | 11% | +1 points |
| Q1 2025 | 13% | +0.7 points |
| Q4 2024 | 5.8% | +1.4 points |
YUMC 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.
YUMC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $359M | +2.3% |
| Q2 2026 | $299M | +3.1% |
| Q1 2026 | $406M | +29% |
| Q4 2025 | -$116M | -$101M |
| Q3 2025 | $351M | +44% |
| Q2 2025 | $290M | +25% |
| Q1 2025 | $315M | +25% |
| Q4 2024 | -$15M | +$57M |
YUMC 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.
YUMC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -6M shares |
| 1 year | -7% | -26M shares |
| 3 years | -18% | -77M shares |
| 5 years | -21% | -92M shares |
| Available history | -12% | -45M shares |
YUMC has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $263M |
| Q2 2026 | $312M |
| Q1 2026 | $218M |
| Q4 2025 | $452M |
| Q3 2025 | $324M |
| Q2 2025 | $195M |
| Q1 2025 | $173M |
| Q4 2024 | $192M |
YUMC spent $1.2B buying back its own shares over the past year, up 41% from the year before.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
YUMC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | -0.2x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.3x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -0.4x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
YUMC's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
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).
YUMC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.0 | Neutral |
| Stochastic | 77.4 | Neutral |
YUMC's weekly RSI is 59 (neutral) and its Stochastic is 77 (neutral).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
YUMC PE vs Consumer Cyclical Sector
| Metric | YUMC | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 5.2% below |
| PE % | 10 | 47 | 37 pts below |
YUMC is trading at 17x earnings, in line with 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.
YUMC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.8 | 10% above |
| 20 week MA | $44.8 | 10% above |
| 50 week MA | $47.1 | 4.6% above |
| 100 week MA | $46.4 | 6.1% above |
| 200 week MA | $46.8 | 5.2% above |
YUMC has the edge over NIO on trend strength, trading above more of its moving averages.
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.
YUMC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $48.7 | $57.7 | +19% |
| 2021 | $57.7 | $48.2 | -16% |
| 2022 | $48.2 | $55.6 | +15% |
| 2023 | $55.6 | $42.4 | -24% |
| 2024 | $42.4 | $49.1 | +16% |
| 2025 | $49.1 | $49.1 | +0.1% |
| 2026 YTD | $49.1 | $49.2 | +0.1% |
YUMC has the edge over NIO on returns for 2026, with the stronger performance.