NIO Inc. (NIO) vs Rivian Automotive, Inc. (RIVN)

NIO Inc. and Rivian Automotive, Inc. are both Auto Manufacturers companies. Rivian Automotive, Inc. is the larger, with a market value of $22.2B against $8.5B — 2.6× the size. NIO Inc. grew revenue faster over the last twelve months: 74.3% against 14.2%. NIO Inc. has the higher net margin (−4.43% vs −55.0%) and the higher return on invested capital (0.00% vs −51.8%). Across the 17 metrics below, NIO Inc. leads on 12 and Rivian Automotive, Inc. on 5.

Valuation

Metric NIO RIVN Auto Manufacturers median
P/E n/m n/m 8.14
P/S 0.54 3.48 0.90
P/B 15.10 4.00 1.16
Price to free cash flow n/m n/m 19.78
EV/EBITDA n/m n/m 7.18
EV/Sales 0.12 3.35 1.49
Earnings yield (7.54%) (16.68%) (6.65%)
Free cash flow yield (76.71%) (17.02%) (16.79%)

Profitability

Metric NIO RIVN Auto Manufacturers median
Gross margin 17.35% 7.51% 7.51%
Operating margin (3.21%) (60.05%) (10.38%)
Net margin (4.43%) (54.95%) (4.32%)
Free cash flow margin 0.00% (59.31%) 0.00%
Return on equity 0.00% (57.70%) 0.00%
Return on assets (4.33%) (21.04%) (6.30%)
Return on invested capital 0.00% (51.82%) 0.00%

Growth

Metric NIO RIVN Auto Manufacturers median
Revenue growth (TTM) 74.31% 14.21% 5.42%
EPS growth (last fiscal year) 35.10% 34.54% —
Revenue growth, 5-year CAGR 38.09% — 10.46%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NIO RIVN Auto Manufacturers median
Debt to equity 2.34 0.87 0.25
Current ratio 1.02 2.10 1.10
Net debt to EBITDA 7.82 0.59 (0.04)

Dividend

Metric NIO RIVN Auto Manufacturers median
Dividend yield — — 3.24%
Payout ratio 0.00 0.00 0.00

Size

Metric NIO RIVN Auto Manufacturers median
Market cap 8.51b 22.20b 81.09m

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