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Friday 6 November 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.

Revenue
+78.5%
EPS
+87.5%
Free cash flow
+38.7%
Total debt
+0.71%

Quarter to June 2026, against a year earlier

3.19 0.11 −3.33%
Market cap
$7.6B
P/E
0.0×
Fwd P/E
−25.9×
Dividend yield
—
F-score
6/9
Altman Z
−0.72
Beneish M
−2.59
Dividend safety
20/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

NIO Inc. (NIO) Debt to equity

Alert me on Debt to equity

NIO Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 2.3×, up 0.1× from fiscal 2025 (2.2×). Over the past ten years it has ranged from −1.2× (fiscal 2019) to 2.4× (fiscal 2024); the current reading is higher than 90% of that period. That is above the Auto Manufacturers industry median of 0.3× and above the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 2.2× (8.38%)
FY2024 2.4× 254.18%
FY2023 0.7× 37.25%
FY2022 0.5× 48.29%
FY2021 0.3× 45.92%
FY2020 0.2× —
FY2019 −1.2× —
FY2018 0.2× 124.41%
FY2017 0.1× 91.22%
FY2016 0.0× —

Quarterly newest first

Period Debt to equity Change
Jun 2026 2.3× 10.57%
Mar 2026 2.1× (5.77%)
Dec 2025 2.2× (14.13%)
Sep 2025 2.6× —
27 more quarters

Against its own ten years

Low −1.2× High 2.4×
Ten-year median 0.3×
Current reading's percentile 90

Debt to equity against peers

Company Debt to equity
LCID Lucid Group, Inc. compare −3.2×
VFS VinFast Auto Ltd. compare −0.6×
LI Li Auto Inc. Sponsored ADR compare 0.1×
RIVN Rivian Automotive, Inc. compare 0.8×
XPEV XPeng Inc. Sponsored ADR compare 0.9×
STLA Stellantis N.V. compare 0.9×
HMC Honda Motor Co., Ltd. compare 1.1×
NIO NIO Inc. 2.3×
F Ford Motor Company compare 4.4×
Auto Manufacturers industry median 0.3×
Consumer Cyclical sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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