Reading the tape
NYSE: NIO
NIO Inc.
Consumer Cyclical · Auto - Manufacturers
Market Cap
$16.17B
52w High
$8.02
52w Low
$3.34
P/E
-7.57
Volume
33.69M
Outstanding Shares
2.37B
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 94.03%Revenue (TTM): 32.37%FCF (TTM): -22.48%P/S: 23rd pct
What changed
The stock rose 94.03% over the last year. Revenue grew 32.37% over the trailing twelve months. Operating margin moved from -33.28% to -16.49%. Free cash flow declined 22.48% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 23rd percentile of their historical P/S range.
What would invalidate this read
Operating margin is at -16.49%. Revenue grew 32.37% — this thesis depends on that trajectory holding. Despite the price move, free cash flow fell 22.48%, which is worth watching as a leading indicator of future pressure. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China.
CEOBin Li
SectorConsumer Cyclical
IndustryAuto - Manufacturers
Employees45,635
IPO dateSep 12, 2018
Valuation
Forward P/E—
EV/EBITDA-5.65
Enterprise value$81.26B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth73.43%
Gross margin13.6%▲37.89%vs FY2024
Operating margin-16.49%▲49.24%vs FY2024
ROE-349.66%▲7.92%vs FY2024
Analyst consensus
RatingBuy
Target price$6.63▼2.79%
12
Buy
10
Hold
2
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 2, 2026
Q2 FY26 · EPS est -$0.08 · Revenue est $3.63B
View
Reported EPS · Q1 '26 · 2 beats · 2 misses in the last 4 quarters
Beat by 120%Actual $0.01 · Estimate -$0.05 · Vs prev actual Q4 '25 +$0.22 (+104.7%)
Actual
Estimate
Beat
Miss
In line