Tuesday 27 October 2026
Export NIO’s income statement to Excel — free account
NIO Inc.
NIO Consumer Cyclical Auto Manufacturers
NIO Inc.’s revenue for fiscal 2025 (year ended December 2025) was $12.5 billion, up 38.9% from fiscal 2024. In the quarter to June 2026, revenue grew 78.5%, EPS grew 87.5%, free cash flow grew 38.7% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years.
3.23
0.03
−0.92%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 4 | 1 | 2 | 6 | 7 | — | — | — | — |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
P/S ratio |
0.93 | 0.99 | 1.83 | 2.21 | 8.79 | 23.13 | 3.68 | 0.00 | — | — |
Altman Z-Score |
(0.72) | (1.15) | (0.40) | 0.04 | 3.78 | 7.62 | (5.97) | (3.07) | — | — |
Altman Z″-Score (non-manufacturers) |
(4.18) | (4.75) | (2.82) | (2.20) | 0.93 | 1.26 | (17.83) | (7.64) | — | — |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
Beneish M-Score |
(2.59) | (3.08) | (2.87) | (2.10) | (0.91) | (3.76) | — | — | — | — |
P/Operating CF |
27.08 | (8.33) | 55.82 | 61.47 | 194.28 | 175.76 | (3.30) | (1.88) | — | — |
P/B ratio |
19.57 | 10.78 | 3.95 | 4.51 | 9.13 | 13.84 | 0.00 | 1.09 | — | — |
Dividend Safety Score |
20 | — | — | — | — | — | — | — | — | — |
Price to Tangible BV |
20.71 | 11.21 | 3.99 | 4.55 | 9.18 | 13.95 | 0.00 | 1.12 | — | — |
EV/Sales |
0.51 | 0.58 | 1.15 | 1.60 | 7.58 | 20.91 | 4.50 | 0.00 | — | — |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
EV/Operating CF |
(3.33) | (12.00) | (4.31) | 150.01 | 70.75 | (30.12) | 0.00 | 0.00 | — | — |
EV/FCF |
(0.99) | (0.98) | (1.49) | (7.10) | (238.60) | (21.79) | 0.00 | 0.00 | — | — |
Quick Ratio |
0.80 | 0.82 | 1.07 | 1.06 | 2.05 | 3.13 | 0.26 | 1.07 | 4.96 | 1.05 |
Current Ratio |
0.98 | 0.99 | 1.22 | 1.29 | 2.18 | 3.31 | 0.52 | 1.42 | 5.13 | 1.20 |
Net Debt/EBITDA |
7.82 | 1.90 | 2.11 | 2.58 | 20.32 | 11.80 | (0.67) | 0.77 | 1.48 | 0.20 |
Debt/Assets |
7.46% | 13.79% | 15.15% | 12.59% | 14.25% | 11.56% | 51.28% | 7.25% | 0.00% | 2.81% |
Debt/Equity |
2.24 | 2.45 | 0.69 | 0.50 | 0.34 | 0.23 | (1.19) | 0.20 | 0.09 | 0.05 |
Asset Turnover |
0.77 | 0.58 | 0.51 | 0.53 | 0.53 | 0.48 | 0.46 | 0.29 | 0.00 | 0.00 |
Operating CF/Net income |
(0.19) | 0.35 | 0.07 | 0.27 | (0.19) | (0.35) | 0.76 | 0.34 | 4.80 | 0.63 |
Capex/Depreciation |
(0.63) | (1.16) | (2.91) | (1.74) | (1.73) | (0.62) | (1.12) | (5.58) | 0.00 | 0.00 |
Interest Coverage |
(15.86) | (27.40) | (56.14) | (46.94) | (7.05) | (10.82) | (29.90) | (77.61) | (3,808.00) | (173.77) |
| (312.95%) | (139.33%) | (83.70%) | (47.16%) | (34.48%) | (52.72%) | (3,628.03%) | 52.45% | 12.03% | 44.95% | |
| (13.69%) | (19.85%) | (19.54%) | (15.66%) | (15.52%) | (16.43%) | (67.81%) | (135.24%) | (96.60%) | (55.03%) | |
ROIC |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | (4,832.58%) | 0.00% | 0.00% | 0.00% |
Return on Tangible Assets |
(65.21%) | (88.97%) | (56.50%) | (50.28%) | (25.27%) | (15.07%) | (1,186.12%) | (276.74%) | (10.59%) | (369.27%) |
Average Days of Receivables |
72.90 | 52.08 | 41.87 | 48.15 | 43.89 | 28.03 | 65.44 | 62.26 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
12.12% | 19.83% | 24.15% | 21.99% | 12.71% | 15.30% | 56.60% | 80.75% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
18.39% | 23.95% | 23.17% | 21.39% | 19.03% | 24.19% | 69.67% | 107.89% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
2.05% | 2.93% | 4.26% | 4.66% | 2.80% | 1.15% | 4.26% | 13.72% | — | — |
Graham Net Nets |
(0.54) | (0.61) | (0.21) | (0.12) | 0.05 | 0.05 | (0.55) | 0.44 | — | — |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.61 | 0.00 | — | — |
Earnings Yield |
(19.02%) | (35.09%) | (20.78%) | (13.50%) | (3.28%) | (1.42%) | (39.80%) | (97.33%) | — | — |
Free Cash Flow Yield |
(55.26%) | (59.94%) | (42.44%) | (10.19%) | (0.36%) | (4.15%) | 0.00% | 0.00% | — | — |
Revenue per Share |
5.50 | 4.38 | 4.61 | 4.36 | 3.61 | 2.11 | 1.09 | 2.17 | 0.00 | 0.00 |
Operating CF per Share |
0.19 | (0.52) | (0.11) | (0.34) | 0.20 | 0.25 | (1.22) | (3.46) | (241.96) | (2.45) |
Capex per Share |
(0.37) | (0.59) | (1.18) | (0.62) | (0.41) | (0.12) | (0.24) | (1.16) | 0.00 | 0.00 |
Free Cash Flow per Share |
(0.19) | (1.12) | (1.30) | (0.96) | (0.21) | 0.13 | (1.45) | (4.62) | (241.96) | (2.45) |
Cash per Share |
2.88 | 2.79 | 4.58 | 3.74 | 5.53 | 5.50 | 0.15 | 3.65 | 413.87 | 0.62 |
Shareholders Equity per Share |
0.26 | 0.40 | 2.13 | 2.13 | 3.47 | 3.52 | (0.88) | 2.99 | 447.81 | 1.30 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
0.26 | 0.40 | 2.13 | 2.13 | 3.47 | 3.52 | (0.88) | 2.99 | 447.81 | 1.30 |
Free Cash Flow |
(423.15) | (2,296.10) | (2,204.15) | (1,570.96) | (331.30) | 151.15 | (1,497.96) | (1,535.27) | (5,275.05) | (2,572.35) |
Working Capital |
(278.78) | (58.22) | 1,772.16 | 1,927.98 | 5,404.88 | 4,939.55 | (656.56) | 520.14 | 8,033.00 | 165.00 |
Capital Expenditures |
(851.09) | (1,220.77) | (2,009.56) | (1,010.44) | (639.87) | (147.83) | (245.16) | (384.55) | (1,284.42) | (764.68) |
Net Current Asset Value |
(6,238.62) | (5,432.58) | (2,995.44) | (1,888.39) | 2,439.08 | 2,871.39 | (2,288.43) | 21.56 | 7,129.00 | 77.00 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
Capex to Sales |
0.07 | 0.14 | 0.26 | 0.14 | 0.11 | 0.06 | 0.22 | 0.53 | — | — |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.36 | 0.30 | 0.20 | 0.26 | 0.32 | 0.31 | 0.27 | 0.10 | 0.08 | 0.06 |
Cash ROIC |
(5.00%) | (26.73%) | (15.84%) | (13.82%) | (2.07%) | 1.30% | (462.26%) | (63.84%) | (26.83%) | (123.55%) |
Accounts Receivable Turnover |
6.61 | 8.25 | 8.51 | 8.80 | 12.99 | 12.68 | 6.93 | 1.97 | 0.00 | 0.00 |
Accounts Payable Turnover |
1.75 | 1.82 | 1.89 | 2.27 | 3.11 | 3.10 | 3.00 | 2.17 | 0.11 | 0.00 |
Inventory Turnover |
9.87 | 9.47 | 7.67 | 8.47 | 18.84 | 15.02 | 7.60 | 4.73 | 0.18 | 0.00 |
Average Days of Payables |
257.48 | 211.88 | 206.69 | 208.65 | 157.37 | 161.59 | 125.87 | 201.18 | 528.69 | 0.00 |
Days of Inventory on Hand |
41.20 | 43.67 | 36.65 | 67.76 | 25.60 | 27.44 | 35.98 | 102.71 | 201.31 | 0.00 |
Average Receivables |
1,891.72 | 1,091.76 | 920.46 | 812.07 | 436.60 | 196.43 | 162.18 | 364.92 | 405.50 | 405.50 |
Average Payables |
6,167.11 | 4,451.75 | 3,924.78 | 2,820.21 | 1,479.66 | 711.47 | 432.19 | 349.21 | 1,777.00 | — |
Average Inventory |
1,095.42 | 857.15 | 965.50 | 755.16 | 244.22 | 146.76 | 170.44 | 160.06 | 1,079.00 | — |
Average Assets |
16,265.45 | 15,637.43 | 15,245.02 | 13,481.61 | 10,690.25 | 5,234.41 | 2,417.56 | 2,508.77 | 1,138.50 | 7,468.50 |
Average Common Equity |
711.48 | 2,227.81 | 3,558.72 | 4,475.63 | 4,811.37 | 1,631.21 | 45.19 | (6,468.45) | (9,142.50) | (9,142.50) |
Columns are period end dates · fundamentals updated 26 Oct 2026