NIO
NIO Inc.
NIO lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
ZGN
Ermenegildo Zegna N.V.
There isn't enough reported data to score ZGN yet.
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.
ZGN Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| Unavailable | |
| Strong |
ZGN's profitability and balance sheet are currently strong. There isn't enough data to rate its revenue and cash flow.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
ZGN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 23x | $9.68 | -29% |
| Fair | 26x | $10.98 | -19% |
| Current | 41x | $13.57 | — |
| Expensive | 54x | $22.47 | +66% |
Historical ranges are pointers, not guarantees.
ZGN's PE is 41x, but its earnings don't support one, so it isn't a reliable read right now.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
ZGN Forward outlook
There aren't enough analyst estimates for ZGN to show an outlook.
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.
ZGN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $0.42 | +27% |
ZGN and NIO do not have enough comparable growth data to identify a winner.
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 ZGN in the latest year-over-year revenue comparison.
| 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.
ZGN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.1B | +7.9% |
| Q4 2025 | $1.1B | +0.3% |
| Q2 2025 | $1B | -3.4% |
| Q4 2024 | $1.1B | -1.5% |
| Q2 2024 | $1.1B | +6.3% |
| Q4 2023 | $1.1B | +31% |
| Q2 2023 | $1B | +24% |
| Q4 2022 | $848.6M | +12% |
ZGN's revenue is growing: $1.1B last quarter, up 4.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 7.5% | -0.1 points |
| Q4 2025 | 7.9% | -1.3 points |
| Q2 2025 | 6.6% | -6.3 points |
| Q4 2024 | 9.5% | +0.3 points |
| Q2 2024 | 7.6% | -3.5 points |
| Q4 2023 | 9.2% | +31 points |
| Q2 2023 | 13% | +4.4 points |
| Q4 2022 | 9.2% | +1.1 points |
ZGN 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.
ZGN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $122.7M | +73% |
| Q4 2025 | $212.6M | +80% |
| Q2 2025 | $70.7M | -12% |
| Q4 2024 | $118.3M | -22% |
| Q2 2024 | $80.6M | -11% |
| Q4 2023 | $151.6M | +61% |
| Q2 2023 | $91M | +552% |
| Q4 2022 | $94.1M | -32% |
ZGN generated $524M in free cash flow over the past year, up 26% from the year before.
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.
ZGN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.4% | +8.8M shares |
| 1 year | +6.7% | +17M shares |
| 3 years | +12% | +27.9M shares |
ZGN has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q4 2022 | — |
| Q2 2022 | — |
| Q4 2021 | $505.5M |
| Q2 2021 | $426,586 |
| Q4 2020 | $1M |
| Q2 2020 | — |
| Q4 2019 | $52,212 |
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ZGN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 0.1x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q4 2024 | 0.4x | Very low |
| Q2 2024 | 0.4x | Very low |
| Q4 2023 | 0.3x | Very low |
ZGN's net debt is less than a year of its operating earnings (EBITDA).
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).
ZGN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.6 | Neutral |
| Stochastic | 54.9 | Neutral |
ZGN's weekly RSI is 55 (neutral) and its Stochastic is 55 (neutral).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
ZGN PE vs Consumer Cyclical Sector
| Metric | ZGN | Sector median | Relative |
|---|---|---|---|
| PE | 41x | 18x | 128% above |
| PE % | 78 | 55 | 23 pts above |
ZGN is trading at 41x earnings, a 128% premium to the Consumer Cyclical sector's median of 18x, though its earnings don't support one.
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.
ZGN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.2 | 3% above |
| 20 week MA | $13.4 | 1.3% above |
| 50 week MA | $12.2 | 11% above |
| 100 week MA | $10.4 | 30% above |
| 200 week MA | $11.2 | 21% above |
ZGN 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.
ZGN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $12.0 | $12.0 | 0% |
| 2022 | $12.0 | $10.0 | -17% |
| 2023 | $10.0 | $11.6 | +16% |
| 2024 | $11.6 | $8.35 | -28% |
| 2025 | $8.35 | $10.5 | +25% |
| 2026 YTD | $10.5 | $13.6 | +30% |
ZGN has the edge over NIO on returns for 2026, with the stronger performance.