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

NIO Inc. (NIO) Operating margin

Alert me on Operating margin

NIO Inc.'s operating margin over the twelve months to 30 June 2026 was −3.21%, up 12.8 percentage points from fiscal 2025 (−16.1%). Over the past ten years it has ranged from −193.8% (fiscal 2018) to 0.00% (fiscal 2017); the current reading is higher than 70% of that period. That is above the Auto Manufacturers industry median of −5.17% and below the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −16.1% 17.23
FY2024 −33.3% 7.45
FY2023 −40.7% (8.98)
FY2022 −31.8% (19.31)
FY2021 −12.4% 15.90
FY2020 −28.3% 113.25
FY2019 −141.6% 52.22
FY2018 −193.8% (193.81)
FY2017 0.00% 0.00
FY2016 0.00% —

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 −1.08% 0.13
Mar 2026 −1.21% (2.31)
Dec 2025 1.10% 17.26
Sep 2025 −16.2% 9.66
27 more quarters

Against its own ten years

Low −193.8% High 0.00%
Ten-year median −30.0%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
HMC Honda Motor Co., Ltd. compare 6.94%
STLA Stellantis N.V. compare 1.56%
NIO NIO Inc. −3.21%
F Ford Motor Company compare −3.82%
XPEV XPeng Inc. Sponsored ADR compare −5.14%
LI Li Auto Inc. Sponsored ADR compare −6.51%
RIVN Rivian Automotive, Inc. compare −53.0%
VFS VinFast Auto Ltd. compare −91.2%
LCID Lucid Group, Inc. compare −263.6%
Auto Manufacturers industry median −5.17%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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