NIO Inc. (NIO) 10-Year Financial Performance & Capital Metrics

NIO •

Consumer CyclicalAuto ManufacturersElectric-only passenger car makers

AboutNIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. It offers five and six-seater electric SUVs, as well as smart electric sedans. The company also offers power solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Charger and Destination Charger; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for Power valet service. In addition, it provides repair, maintenance, and bodywork services through its NIO service centers and authorized third-party service centers; statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; repair and routine maintenance; roadside assistance; courtesy vehicle services; data packages; and auto financing and financial leasing services. Further, the company involved in the provision of energy and service packages to its users; design and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. Additionally, it offers NIO Certified, a used vehicle inspection, evaluation, acquisition, and sales service. The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was incorporated in 2014 and is headquartered in Shanghai, China.Show more

Revenue $65.73B +18.2%
EBITDA -$14.17B +20.1%
Net Income -$22.66B -7.1%
EPS (Diluted) -11.03 +11.3%
Gross Margin 9.88% +80.0%
EBITDA Margin -21.56% +32.4%
Operating Margin -33.28% +18.3%
Net Margin -34.47% +9.3%
ROE -105.13% -42.3%
ROIC -55.25% -22.6%
Debt/Equity 2.50 +113.4%
Interest Coverage -27.40 +51.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 53.1%

✗Weaknesses

✗High debt to equity ratio of 2.5x
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 20.9% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y53.06%

3Y22.07%

TTM9.28%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-17.96%

EPS CAGR

10Y-

5Y-

3Y-

TTM-5.95%

ROCE

10Y Avg-81.9%

5Y Avg-28.53%

3Y Avg-37.65%

Latest-41.71%

Peer Comparison

Electric-only passenger car makers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TSLATesla, Inc.	1.51T	402.51	372.69	-2.93%	4%	4.58%	0.41%	0.10
LILi Auto Inc.	35.32B	17.59	16.00	16.71%	3.59%	6.16%	3.39%	0.23
CJETChijet Motor Company, Inc.	11.38M	2.08	-0.00	-27.08%	-7.01%
FFAIFaraday Future Intelligent Electric Inc.	100.53M	0.49	-0.03	-31.25%	-745.17%	-207.37%		0.86
LCIDLucid Group, Inc.	3.27B	10.00	-0.83	-100%	-324.65%	-376.15%		1.20
ZKZEEKR Intelligent Technology Holding Limited	6.85B	26.73	-0.98	46.91%	-3.68%		21.67%
AIEVThunder Power Holdings, Inc.	7M	0.14	-2.30			-32.68%		0.00
VFSVinFast Auto Ltd.	7.62B	3.26	-2.57	57.87%	-137.04%

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	4.95B	7.82B	16.26B	36.14B	49.27B	55.62B	65.73B
Revenue Growth %	-	-	-	58.04%	107.77%	122.27%	36.34%	12.89%	18.18%
Cost of Goods Sold+	0	0	5.21B	9.02B	14.38B	29.31B	44.12B	52.57B	59.24B
COGS % of Revenue	-	-	105.17%	115.32%	88.48%	81.12%	89.56%	94.51%	90.12%
Gross Profit+	0	0	-255.88M	-1.2B	1.87B	6.82B	5.14B	3.05B	6.49B
Gross Margin %	-	-	-5.17%	-15.32%	11.52%	18.88%	10.44%	5.49%	9.88%
Gross Profit Growth %	-	-	-	-368.52%	256.27%	264.12%	-24.59%	-40.67%	112.75%
Operating Expenses+	2.6B	4.95B	9.34B	9.88B	6.48B	11.32B	20.78B	25.71B	28.37B
OpEx % of Revenue	-	-	188.64%	126.27%	39.86%	31.32%	42.19%	46.22%	43.16%
Selling, General & Admin	1.1B	2.22B	5.09B	4.89B	3.53B	6.29B	9.72B	11.95B	14.45B
SG&A % of Revenue	-	-	102.84%	62.44%	21.69%	17.4%	19.73%	21.48%	21.99%
Research & Development	1.47B	2.6B	4B	4.43B	2.49B	4.59B	10.84B	13.43B	13.04B
R&D % of Revenue	-	-	80.75%	56.6%	15.3%	12.71%	21.99%	24.15%	19.83%
Other Operating Expenses	3.43M	-58.68M	249.76M	565.82M	466.38M	438.36M	229.42M	327.83M	877.26M
Operating Income+	-2.6B	-4.95B	-9.6B	-11.08B	-4.61B	-4.5B	-15.64B	-22.66B	-21.87B
Operating Margin %	-	-	-193.8%	-141.59%	-28.34%	-12.44%	-31.75%	-40.73%	-33.28%
Operating Income Growth %	-	-90.34%	-93.71%	-15.46%	58.41%	2.42%	-247.86%	-44.85%	3.45%
EBITDA+	-2.56B	-4.79B	-9.12B	-9.56B	-3.06B	-2.14B	-11.65B	-17.75B	-14.17B
EBITDA Margin %	-	-	-184.23%	-122.15%	-18.83%	-5.93%	-23.64%	-31.91%	-21.56%
EBITDA Growth %	-	-87.2%	-90.6%	-4.79%	67.97%	29.97%	-443.12%	-52.39%	20.14%
D&A (Non-Cash Add-back)	46.09M	167.86M	474.22M	1.52B	1.55B	2.35B	3.99B	4.91B	7.7B
EBIT	-2.6B	-5B	-9.49B	-10.92B	-4.87B	-3.34B	-14.05B	-20.06B	-21.63B
Net Interest Income+	27.5M	886K	9.74M	-210.26M	-259.11M	274.42M	1.03B	1.81B	55.37M
Interest Income	27.56M	18.97M	133.38M	160.28M	166.9M	911.83M	1.36B	2.21B	853.73M
Interest Expense	55K	18.08M	123.64M	370.54M	426.01M	637.41M	333.22M	403.53M	798.36M
Other Income/Expense	33.6M	-59.67M	-21.33M	-208.57M	-690.07M	-6.06B	1.26B	2.2B	-550.45M
Pretax Income+	-2.57B	-5.01B	-9.62B	-11.29B	-5.3B	-10.56B	-14.38B	-20.46B	-22.42B
Pretax Margin %	-	-	-194.24%	-144.25%	-32.59%	-29.23%	-29.19%	-36.78%	-34.12%
Income Tax+	4.31M	-7.91M	22.04M	7.89M	6.37M	42.27M	55.1M	260.83M	-22.82M
Effective Tax Rate %	98.73%	99.43%	100.45%	101.11%	105.91%	100.1%	101.23%	103.36%	101.04%
Net Income+	-2.54B	-4.98B	-9.66B	-11.41B	-5.61B	-10.57B	-14.56B	-21.15B	-22.66B
Net Margin %	-	-	-195.12%	-145.86%	-34.51%	-29.26%	-29.55%	-38.02%	-34.47%
Net Income Growth %	-	-96.53%	-93.8%	-18.14%	50.84%	-88.43%	-37.71%	-45.25%	-7.14%
Net Income (Continuing)	-2.54B	-4.98B	-9.64B	-11.3B	-5.3B	-10.6B	-14.44B	-20.72B	-22.4B
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	-11.58M	11.31M	1.31B	1.48B	4.69B	3.35B	3.78B	4.05B	7.54B
EPS (Diluted)+	-0.50	-1.07	-9.29	-10.97	-4.74	-6.72	-8.89	-12.44	-11.03
EPS Growth %	-	-114%	-768.22%	-18.08%	56.79%	-41.77%	-32.29%	-39.93%	11.33%
EPS (Basic)	-0.50	-1.07	-9.29	-10.97	-4.74	-6.72	-8.89	-12.44	-11.03
Diluted Shares Outstanding	1.05B	1.05B	1.04B	1.03B	1.18B	1.57B	1.64B	1.7B	2.06B
Basic Shares Outstanding	1.05B	1.05B	1.04B	1.03B	1.18B	1.57B	1.64B	1.7B	2.06B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	875.03M	8.31B	12.17B	4.93B	46.21B	63.64B	59.15B	70.38B	61.89B
Cash & Short-Term Investments	589.83M	7.52B	8.31B	1.05B	42.42B	52.48B	39.41B	49.99B	33.84B
Cash Only	581.3M	7.51B	3.13B	862.84M	38.43B	15.33B	19.89B	32.94B	19.33B
Short-Term Investments	8.53M	12.58M	5.18B	184.27M	4B	37.14B	19.52B	17.05B	14.51B
Accounts Receivable	0	0	756.51M	1.35B	1.24B	2.8B	5.12B	4.66B	1.68B
Days Sales Outstanding	-	-	55.77	63.07	27.9	28.26	37.92	30.57	9.31
Inventory	-41.6M	89.46M	1.47B	889.53M	1.08B	2.06B	8.19B	5.28B	7.09B
Days Inventory Outstanding	-	-	102.71	35.98	27.44	25.6	67.76	36.65	43.67
Other Current Assets	285.2M	702M	1.64B	1.64B	1.46B	6.31B	6.43B	10.46B	19.28B
Total Non-Current Assets+	895.45M	2.16B	6.67B	9.65B	8.44B	19.24B	37.11B	47B	45.72B
Property, Plant & Equipment	849.61M	1.96B	5.01B	7.7B	6.46B	10.83B	23.52B	37.48B	40B
Fixed Asset Turnover	-	-	0.99x	1.02x	2.52x	3.34x	2.10x	1.48x	1.64x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	6.34M	4.46M	217.13M	210.34M	204.58M	199.12M	212.6M	236.95M	231.64M
Long-Term Investments	0	47.13M	148.3M	115.33M	300.12M	3.06B	6.36B	5.49B	3.13B
Other Non-Current Assets	39.5M	144.55M	1.29B	1.62B	1.47B	5.15B	7.03B	3.8B	2.36B
Total Assets+	1.77B	10.47B	18.84B	14.58B	54.64B	82.88B	96.26B	117.38B	107.6B
Asset Turnover	-	-	0.26x	0.54x	0.30x	0.44x	0.51x	0.47x	0.61x
Asset Growth %	-	491.25%	80%	-22.61%	274.72%	51.69%	16.14%	21.94%	-8.33%
Total Current Liabilities+	726.57M	1.62B	8.59B	9.5B	13.98B	29.2B	45.85B	57.8B	62.31B
Accounts Payable	0	234.01M	2.87B	3.11B	6.37B	12.64B	12.71B	29.77B	34.39B
Days Payables Outstanding	-	-	201.18	125.86	161.59	157.37	105.13	206.69	211.88
Short-Term Debt	19.58M	83.81M	2.07B	1.21B	1.93B	7.3B	17.79B	9.82B	9.13B
Deferred Revenue (Current)	0	68.44M	342.02M	486.27M	1B	1.38B	2.11B	2.86B	4.07B
Other Current Liabilities	0	0	133.9M	204.66M	358.14M	550.68M	669.79M	709.29M	652.63M
Current Ratio	1.20x	5.13x	1.42x	0.52x	3.31x	2.18x	1.29x	1.22x	0.99x
Quick Ratio	1.26x	5.08x	1.25x	0.43x	3.23x	2.11x	1.11x	1.13x	0.88x
Cash Conversion Cycle	-	-	-42.7	-26.81	-106.25	-103.5	0.55	-139.47	-158.9
Total Non-Current Liabilities+	98.7M	783.51M	2.1B	9.9B	8.8B	15.62B	22.77B	29.99B	31.79B
Long-Term Debt	37.5M	642.4M	1.17B	7.15B	5.94B	9.74B	10.89B	13.04B	11.44B
Capital Lease Obligations	0	0	0	1.69B	1.07B	2.35B	6.53B	10.09B	11.3B
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	61.2M	141.11M	930.81M	1.06B	1.79B	3.53B	5.35B	6.85B	9.05B
Total Liabilities	825.26M	2.4B	10.69B	19.4B	22.78B	44.82B	68.62B	87.79B	94.1B
Total Debt+	57.08M	726.22M	3.24B	10.7B	9.52B	20.16B	36.27B	34.73B	33.82B
Net Debt	-524.21M	-6.78B	103.02M	9.84B	-28.91B	4.82B	16.38B	1.79B	14.49B
Debt / Equity	0.06x	0.09x	0.40x	-	0.30x	0.53x	1.31x	1.17x	2.50x
Debt / EBITDA	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-
Interest Coverage	-47318.91x	-273.92x	-77.61x	-29.90x	-10.82x	-7.05x	-46.94x	-56.14x	-27.40x
Total Equity+	945.21M	8.07B	8.15B	-4.82B	31.86B	38.06B	27.65B	29.6B	13.51B
Equity Growth %	-	753.35%	1.05%	-159.16%	760.79%	19.46%	-27.37%	7.05%	-54.36%
Book Value per Share	0.90	7.68	7.84	-4.68	26.94	24.20	16.89	17.41	6.57
Total Shareholders' Equity	-3.9B	-11.6B	6.84B	-6.3B	27.17B	34.71B	23.87B	25.55B	5.97B
Common Stock	52K	60K	1.81M	1.83M	2.68M	2.89M	2.92M	3.62M	3.66M
Retained Earnings	-4.08B	-11.71B	-35.04B	-46.33B	-51.65B	-55.63B	-69.91B	-90.76B	-113.07B
Treasury Stock	-9.19M	-9.19M	-9.19M	0	0	-1.85B	-1.85B	-1.85B	-239.33M
Accumulated OCI	110.45M	-13.92M	-34.71M	-203.05M	-65.45M	-276.3M	1.04B	432.99M	582.66M
Minority Interest	-11.58M	11.31M	1.31B	1.48B	4.69B	3.35B	3.78B	4.05B	7.54B

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.2B	-4.57B	-7.91B	-8.72B	1.95B	1.97B	-3.87B	-1.38B	-7.85B
Operating CF Margin %	-	-	-159.8%	-111.46%	12%	5.44%	-7.85%	-2.48%	-11.94%
Operating CF Growth %	-	-107.79%	-72.95%	-10.24%	122.37%	0.79%	-296.6%	64.26%	-468.14%
Net Income	-2.57B	-5.02B	-9.64B	-11.3B	-5.3B	-4.02B	-14.44B	-20.72B	-22.4B
Depreciation & Amortization	46.09M	167.86M	474.22M	1.52B	1.55B	2.35B	3.99B	4.91B	7.7B
Stock-Based Compensation	76.68M	90.3M	679.47M	333.5M	187.09M	1.01B	2.3B	2.37B	1.93B
Deferred Taxes	36.94M	36.44M	41.7M	0	9.65M	25.2M	192.99M	200.89M	-84.88M
Other Non-Cash Items	-44.88M	21.13M	26.16M	282.64M	682.63M	-96.66M	-355.81M	-1.22B	1.4B
Working Capital Changes	256.86M	130.73M	505.65M	436.84M	4.83B	2.69B	4.44B	13.09B	3.61B
Change in Receivables	0	0	-756.51M	-681.56M	237.93M	-1.72B	-2.3B	453.38M	-3B
Change in Inventory	0	-89.46M	-1.38B	569.16M	-197.83M	-990.55M	-6.26B	2.9B	-1.79B
Change in Payables	0	0	2.83B	116.53M	3.26B	6.26B	11.65B	4.87B	4.72B
Cash from Investing+	117.84M	-1.19B	-7.94B	3.38B	-5.07B	-39.76B	10.39B	-10.89B	-4.96B
Capital Expenditures	-654.46M	-1.11B	-2.64B	-1.71B	-1.13B	-4.08B	-6.97B	-14.34B	-9.14B
CapEx % of Revenue	-	-	53.4%	21.81%	6.94%	11.29%	14.15%	25.78%	13.91%
Acquisitions	0	-79.88M	-110.9M	45.15M	-250.83M	-592.57M	7.72M	0	-392.44M
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	0	-31.28M	0	163.07M	51.13M	3.62M	-348.67M	231.52M
Cash from Financing+	2.29B	12.87B	11.6B	3.09B	41.36B	18.13B	-1.62B	27.66B	1.77B
Debt Issued (Net)	37.5M	621.3M	2.63B	3.02B	3.7B	13.21B	-1.66B	6.61B	-1.63B
Equity Issued (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-8.79M	0	-7.78M	0	0	0	0	0	0
Other Financing	-103.78M	321.04M	1.03B	25.94M	4.79B	-7.73B	-37.26M	2.59M	3.29B
Net Change in Cash	581.28M	7.05B	-4.74B	-2.27B	37.53B	-20.17B	4.78B	14.95B	-10.87B
Free Cash Flow+	-2.86B	-5.69B	-10.56B	-10.43B	823.21M	-2.11B	-10.84B	-15.72B	-16.99B
FCF Margin %	-	-	-213.2%	-133.27%	5.06%	-5.85%	-22%	-28.27%	-25.85%
FCF Growth %	-	-99.18%	-85.56%	1.21%	107.89%	-356.6%	-413.11%	-45.06%	-8.07%
FCF per Share	-2.72	-5.42	-10.15	-10.13	0.70	-1.34	-6.62	-9.25	-8.27
FCF Conversion (FCF/Net Income)	0.87x	0.92x	0.82x	0.76x	-0.35x	-0.19x	0.27x	0.07x	0.35x
Interest Paid	0	15.43M	112.68M	260.38M	333.88M	218.83M	274.35M	0	641.9M
Taxes Paid	0	1.13M	11.16M	18.19M	13.17M	6.01M	77.19M	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-268.33%	-110.63%	-119.15%	-685.77%	-41.5%	-30.24%	-44.31%	-73.89%	-105.13%
Return on Invested Capital (ROIC)	-463.64%	-435.22%	-150.88%	-125.26%	-86.71%	-14.71%	-26.99%	-45.06%	-55.25%
Gross Margin	-	-	-5.17%	-15.32%	11.52%	18.88%	10.44%	5.49%	9.88%
Net Margin	-	-	-195.12%	-145.86%	-34.51%	-29.26%	-29.55%	-38.02%	-34.47%
Debt / Equity	0.06x	0.09x	0.40x	-	0.30x	0.53x	1.31x	1.17x	2.50x
Interest Coverage	-47318.91x	-273.92x	-77.61x	-29.90x	-10.82x	-7.05x	-46.94x	-56.14x	-27.40x
FCF Conversion	0.87x	0.92x	0.82x	0.76x	-0.35x	-0.19x	0.27x	0.07x	0.35x
Revenue Growth	-	-	-	58.04%	107.77%	122.27%	36.34%	12.89%	18.18%

US Stock Screener

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NIO Inc. (NIO) 10-Year Financial Performance & Capital Metrics

NIO •

Consumer CyclicalAuto ManufacturersElectric-only passenger car makers

Revenue $65.73B +18.2%
EBITDA -$14.17B +20.1%
Net Income -$22.66B -7.1%
EPS (Diluted) -11.03 +11.3%
Gross Margin 9.88% +80.0%
EBITDA Margin -21.56% +32.4%
Operating Margin -33.28% +18.3%
Net Margin -34.47% +9.3%
ROE -105.13% -42.3%
ROIC -55.25% -22.6%
Debt/Equity 2.50 +113.4%
Interest Coverage -27.40 +51.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 53.1%

✗Weaknesses

✗High debt to equity ratio of 2.5x
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 20.9% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y53.06%

3Y22.07%

TTM9.28%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-17.96%

EPS CAGR

10Y-

5Y-

3Y-

TTM-5.95%

ROCE

10Y Avg-81.9%

5Y Avg-28.53%

3Y Avg-37.65%

Latest-41.71%

Peer Comparison

Electric-only passenger car makers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TSLATesla, Inc.	1.51T	402.51	372.69	-2.93%	4%	4.58%	0.41%	0.10
LILi Auto Inc.	35.32B	17.59	16.00	16.71%	3.59%	6.16%	3.39%	0.23
CJETChijet Motor Company, Inc.	11.38M	2.08	-0.00	-27.08%	-7.01%
FFAIFaraday Future Intelligent Electric Inc.	100.53M	0.49	-0.03	-31.25%	-745.17%	-207.37%		0.86
LCIDLucid Group, Inc.	3.27B	10.00	-0.83	-100%	-324.65%	-376.15%		1.20
ZKZEEKR Intelligent Technology Holding Limited	6.85B	26.73	-0.98	46.91%	-3.68%		21.67%
AIEVThunder Power Holdings, Inc.	7M	0.14	-2.30			-32.68%		0.00
VFSVinFast Auto Ltd.	7.62B	3.26	-2.57	57.87%	-137.04%

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	4.95B	7.82B	16.26B	36.14B	49.27B	55.62B	65.73B
Revenue Growth %	-	-	-	58.04%	107.77%	122.27%	36.34%	12.89%	18.18%
Cost of Goods Sold+	0	0	5.21B	9.02B	14.38B	29.31B	44.12B	52.57B	59.24B
COGS % of Revenue	-	-	105.17%	115.32%	88.48%	81.12%	89.56%	94.51%	90.12%
Gross Profit+	0	0	-255.88M	-1.2B	1.87B	6.82B	5.14B	3.05B	6.49B
Gross Margin %	-	-	-5.17%	-15.32%	11.52%	18.88%	10.44%	5.49%	9.88%
Gross Profit Growth %	-	-	-	-368.52%	256.27%	264.12%	-24.59%	-40.67%	112.75%
Operating Expenses+	2.6B	4.95B	9.34B	9.88B	6.48B	11.32B	20.78B	25.71B	28.37B
OpEx % of Revenue	-	-	188.64%	126.27%	39.86%	31.32%	42.19%	46.22%	43.16%
Selling, General & Admin	1.1B	2.22B	5.09B	4.89B	3.53B	6.29B	9.72B	11.95B	14.45B
SG&A % of Revenue	-	-	102.84%	62.44%	21.69%	17.4%	19.73%	21.48%	21.99%
Research & Development	1.47B	2.6B	4B	4.43B	2.49B	4.59B	10.84B	13.43B	13.04B
R&D % of Revenue	-	-	80.75%	56.6%	15.3%	12.71%	21.99%	24.15%	19.83%
Other Operating Expenses	3.43M	-58.68M	249.76M	565.82M	466.38M	438.36M	229.42M	327.83M	877.26M
Operating Income+	-2.6B	-4.95B	-9.6B	-11.08B	-4.61B	-4.5B	-15.64B	-22.66B	-21.87B
Operating Margin %	-	-	-193.8%	-141.59%	-28.34%	-12.44%	-31.75%	-40.73%	-33.28%
Operating Income Growth %	-	-90.34%	-93.71%	-15.46%	58.41%	2.42%	-247.86%	-44.85%	3.45%
EBITDA+	-2.56B	-4.79B	-9.12B	-9.56B	-3.06B	-2.14B	-11.65B	-17.75B	-14.17B
EBITDA Margin %	-	-	-184.23%	-122.15%	-18.83%	-5.93%	-23.64%	-31.91%	-21.56%
EBITDA Growth %	-	-87.2%	-90.6%	-4.79%	67.97%	29.97%	-443.12%	-52.39%	20.14%
D&A (Non-Cash Add-back)	46.09M	167.86M	474.22M	1.52B	1.55B	2.35B	3.99B	4.91B	7.7B
EBIT	-2.6B	-5B	-9.49B	-10.92B	-4.87B	-3.34B	-14.05B	-20.06B	-21.63B
Net Interest Income+	27.5M	886K	9.74M	-210.26M	-259.11M	274.42M	1.03B	1.81B	55.37M
Interest Income	27.56M	18.97M	133.38M	160.28M	166.9M	911.83M	1.36B	2.21B	853.73M
Interest Expense	55K	18.08M	123.64M	370.54M	426.01M	637.41M	333.22M	403.53M	798.36M
Other Income/Expense	33.6M	-59.67M	-21.33M	-208.57M	-690.07M	-6.06B	1.26B	2.2B	-550.45M
Pretax Income+	-2.57B	-5.01B	-9.62B	-11.29B	-5.3B	-10.56B	-14.38B	-20.46B	-22.42B
Pretax Margin %	-	-	-194.24%	-144.25%	-32.59%	-29.23%	-29.19%	-36.78%	-34.12%
Income Tax+	4.31M	-7.91M	22.04M	7.89M	6.37M	42.27M	55.1M	260.83M	-22.82M
Effective Tax Rate %	98.73%	99.43%	100.45%	101.11%	105.91%	100.1%	101.23%	103.36%	101.04%
Net Income+	-2.54B	-4.98B	-9.66B	-11.41B	-5.61B	-10.57B	-14.56B	-21.15B	-22.66B
Net Margin %	-	-	-195.12%	-145.86%	-34.51%	-29.26%	-29.55%	-38.02%	-34.47%
Net Income Growth %	-	-96.53%	-93.8%	-18.14%	50.84%	-88.43%	-37.71%	-45.25%	-7.14%
Net Income (Continuing)	-2.54B	-4.98B	-9.64B	-11.3B	-5.3B	-10.6B	-14.44B	-20.72B	-22.4B
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	-11.58M	11.31M	1.31B	1.48B	4.69B	3.35B	3.78B	4.05B	7.54B
EPS (Diluted)+	-0.50	-1.07	-9.29	-10.97	-4.74	-6.72	-8.89	-12.44	-11.03
EPS Growth %	-	-114%	-768.22%	-18.08%	56.79%	-41.77%	-32.29%	-39.93%	11.33%
EPS (Basic)	-0.50	-1.07	-9.29	-10.97	-4.74	-6.72	-8.89	-12.44	-11.03
Diluted Shares Outstanding	1.05B	1.05B	1.04B	1.03B	1.18B	1.57B	1.64B	1.7B	2.06B
Basic Shares Outstanding	1.05B	1.05B	1.04B	1.03B	1.18B	1.57B	1.64B	1.7B	2.06B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	875.03M	8.31B	12.17B	4.93B	46.21B	63.64B	59.15B	70.38B	61.89B
Cash & Short-Term Investments	589.83M	7.52B	8.31B	1.05B	42.42B	52.48B	39.41B	49.99B	33.84B
Cash Only	581.3M	7.51B	3.13B	862.84M	38.43B	15.33B	19.89B	32.94B	19.33B
Short-Term Investments	8.53M	12.58M	5.18B	184.27M	4B	37.14B	19.52B	17.05B	14.51B
Accounts Receivable	0	0	756.51M	1.35B	1.24B	2.8B	5.12B	4.66B	1.68B
Days Sales Outstanding	-	-	55.77	63.07	27.9	28.26	37.92	30.57	9.31
Inventory	-41.6M	89.46M	1.47B	889.53M	1.08B	2.06B	8.19B	5.28B	7.09B
Days Inventory Outstanding	-	-	102.71	35.98	27.44	25.6	67.76	36.65	43.67
Other Current Assets	285.2M	702M	1.64B	1.64B	1.46B	6.31B	6.43B	10.46B	19.28B
Total Non-Current Assets+	895.45M	2.16B	6.67B	9.65B	8.44B	19.24B	37.11B	47B	45.72B
Property, Plant & Equipment	849.61M	1.96B	5.01B	7.7B	6.46B	10.83B	23.52B	37.48B	40B
Fixed Asset Turnover	-	-	0.99x	1.02x	2.52x	3.34x	2.10x	1.48x	1.64x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	6.34M	4.46M	217.13M	210.34M	204.58M	199.12M	212.6M	236.95M	231.64M
Long-Term Investments	0	47.13M	148.3M	115.33M	300.12M	3.06B	6.36B	5.49B	3.13B
Other Non-Current Assets	39.5M	144.55M	1.29B	1.62B	1.47B	5.15B	7.03B	3.8B	2.36B
Total Assets+	1.77B	10.47B	18.84B	14.58B	54.64B	82.88B	96.26B	117.38B	107.6B
Asset Turnover	-	-	0.26x	0.54x	0.30x	0.44x	0.51x	0.47x	0.61x
Asset Growth %	-	491.25%	80%	-22.61%	274.72%	51.69%	16.14%	21.94%	-8.33%
Total Current Liabilities+	726.57M	1.62B	8.59B	9.5B	13.98B	29.2B	45.85B	57.8B	62.31B
Accounts Payable	0	234.01M	2.87B	3.11B	6.37B	12.64B	12.71B	29.77B	34.39B
Days Payables Outstanding	-	-	201.18	125.86	161.59	157.37	105.13	206.69	211.88
Short-Term Debt	19.58M	83.81M	2.07B	1.21B	1.93B	7.3B	17.79B	9.82B	9.13B
Deferred Revenue (Current)	0	68.44M	342.02M	486.27M	1B	1.38B	2.11B	2.86B	4.07B
Other Current Liabilities	0	0	133.9M	204.66M	358.14M	550.68M	669.79M	709.29M	652.63M
Current Ratio	1.20x	5.13x	1.42x	0.52x	3.31x	2.18x	1.29x	1.22x	0.99x
Quick Ratio	1.26x	5.08x	1.25x	0.43x	3.23x	2.11x	1.11x	1.13x	0.88x
Cash Conversion Cycle	-	-	-42.7	-26.81	-106.25	-103.5	0.55	-139.47	-158.9
Total Non-Current Liabilities+	98.7M	783.51M	2.1B	9.9B	8.8B	15.62B	22.77B	29.99B	31.79B
Long-Term Debt	37.5M	642.4M	1.17B	7.15B	5.94B	9.74B	10.89B	13.04B	11.44B
Capital Lease Obligations	0	0	0	1.69B	1.07B	2.35B	6.53B	10.09B	11.3B
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	61.2M	141.11M	930.81M	1.06B	1.79B	3.53B	5.35B	6.85B	9.05B
Total Liabilities	825.26M	2.4B	10.69B	19.4B	22.78B	44.82B	68.62B	87.79B	94.1B
Total Debt+	57.08M	726.22M	3.24B	10.7B	9.52B	20.16B	36.27B	34.73B	33.82B
Net Debt	-524.21M	-6.78B	103.02M	9.84B	-28.91B	4.82B	16.38B	1.79B	14.49B
Debt / Equity	0.06x	0.09x	0.40x	-	0.30x	0.53x	1.31x	1.17x	2.50x
Debt / EBITDA	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-
Interest Coverage	-47318.91x	-273.92x	-77.61x	-29.90x	-10.82x	-7.05x	-46.94x	-56.14x	-27.40x
Total Equity+	945.21M	8.07B	8.15B	-4.82B	31.86B	38.06B	27.65B	29.6B	13.51B
Equity Growth %	-	753.35%	1.05%	-159.16%	760.79%	19.46%	-27.37%	7.05%	-54.36%
Book Value per Share	0.90	7.68	7.84	-4.68	26.94	24.20	16.89	17.41	6.57
Total Shareholders' Equity	-3.9B	-11.6B	6.84B	-6.3B	27.17B	34.71B	23.87B	25.55B	5.97B
Common Stock	52K	60K	1.81M	1.83M	2.68M	2.89M	2.92M	3.62M	3.66M
Retained Earnings	-4.08B	-11.71B	-35.04B	-46.33B	-51.65B	-55.63B	-69.91B	-90.76B	-113.07B
Treasury Stock	-9.19M	-9.19M	-9.19M	0	0	-1.85B	-1.85B	-1.85B	-239.33M
Accumulated OCI	110.45M	-13.92M	-34.71M	-203.05M	-65.45M	-276.3M	1.04B	432.99M	582.66M
Minority Interest	-11.58M	11.31M	1.31B	1.48B	4.69B	3.35B	3.78B	4.05B	7.54B

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.2B	-4.57B	-7.91B	-8.72B	1.95B	1.97B	-3.87B	-1.38B	-7.85B
Operating CF Margin %	-	-	-159.8%	-111.46%	12%	5.44%	-7.85%	-2.48%	-11.94%
Operating CF Growth %	-	-107.79%	-72.95%	-10.24%	122.37%	0.79%	-296.6%	64.26%	-468.14%
Net Income	-2.57B	-5.02B	-9.64B	-11.3B	-5.3B	-4.02B	-14.44B	-20.72B	-22.4B
Depreciation & Amortization	46.09M	167.86M	474.22M	1.52B	1.55B	2.35B	3.99B	4.91B	7.7B
Stock-Based Compensation	76.68M	90.3M	679.47M	333.5M	187.09M	1.01B	2.3B	2.37B	1.93B
Deferred Taxes	36.94M	36.44M	41.7M	0	9.65M	25.2M	192.99M	200.89M	-84.88M
Other Non-Cash Items	-44.88M	21.13M	26.16M	282.64M	682.63M	-96.66M	-355.81M	-1.22B	1.4B
Working Capital Changes	256.86M	130.73M	505.65M	436.84M	4.83B	2.69B	4.44B	13.09B	3.61B
Change in Receivables	0	0	-756.51M	-681.56M	237.93M	-1.72B	-2.3B	453.38M	-3B
Change in Inventory	0	-89.46M	-1.38B	569.16M	-197.83M	-990.55M	-6.26B	2.9B	-1.79B
Change in Payables	0	0	2.83B	116.53M	3.26B	6.26B	11.65B	4.87B	4.72B
Cash from Investing+	117.84M	-1.19B	-7.94B	3.38B	-5.07B	-39.76B	10.39B	-10.89B	-4.96B
Capital Expenditures	-654.46M	-1.11B	-2.64B	-1.71B	-1.13B	-4.08B	-6.97B	-14.34B	-9.14B
CapEx % of Revenue	-	-	53.4%	21.81%	6.94%	11.29%	14.15%	25.78%	13.91%
Acquisitions	0	-79.88M	-110.9M	45.15M	-250.83M	-592.57M	7.72M	0	-392.44M
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	0	-31.28M	0	163.07M	51.13M	3.62M	-348.67M	231.52M
Cash from Financing+	2.29B	12.87B	11.6B	3.09B	41.36B	18.13B	-1.62B	27.66B	1.77B
Debt Issued (Net)	37.5M	621.3M	2.63B	3.02B	3.7B	13.21B	-1.66B	6.61B	-1.63B
Equity Issued (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-8.79M	0	-7.78M	0	0	0	0	0	0
Other Financing	-103.78M	321.04M	1.03B	25.94M	4.79B	-7.73B	-37.26M	2.59M	3.29B
Net Change in Cash	581.28M	7.05B	-4.74B	-2.27B	37.53B	-20.17B	4.78B	14.95B	-10.87B
Free Cash Flow+	-2.86B	-5.69B	-10.56B	-10.43B	823.21M	-2.11B	-10.84B	-15.72B	-16.99B
FCF Margin %	-	-	-213.2%	-133.27%	5.06%	-5.85%	-22%	-28.27%	-25.85%
FCF Growth %	-	-99.18%	-85.56%	1.21%	107.89%	-356.6%	-413.11%	-45.06%	-8.07%
FCF per Share	-2.72	-5.42	-10.15	-10.13	0.70	-1.34	-6.62	-9.25	-8.27
FCF Conversion (FCF/Net Income)	0.87x	0.92x	0.82x	0.76x	-0.35x	-0.19x	0.27x	0.07x	0.35x
Interest Paid	0	15.43M	112.68M	260.38M	333.88M	218.83M	274.35M	0	641.9M
Taxes Paid	0	1.13M	11.16M	18.19M	13.17M	6.01M	77.19M	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-268.33%	-110.63%	-119.15%	-685.77%	-41.5%	-30.24%	-44.31%	-73.89%	-105.13%
Return on Invested Capital (ROIC)	-463.64%	-435.22%	-150.88%	-125.26%	-86.71%	-14.71%	-26.99%	-45.06%	-55.25%
Gross Margin	-	-	-5.17%	-15.32%	11.52%	18.88%	10.44%	5.49%	9.88%
Net Margin	-	-	-195.12%	-145.86%	-34.51%	-29.26%	-29.55%	-38.02%	-34.47%
Debt / Equity	0.06x	0.09x	0.40x	-	0.30x	0.53x	1.31x	1.17x	2.50x
Interest Coverage	-47318.91x	-273.92x	-77.61x	-29.90x	-10.82x	-7.05x	-46.94x	-56.14x	-27.40x
FCF Conversion	0.87x	0.92x	0.82x	0.76x	-0.35x	-0.19x	0.27x	0.07x	0.35x
Revenue Growth	-	-	-	58.04%	107.77%	122.27%	36.34%	12.89%	18.18%

NIO Inc. (NIO) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

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Dividend History

Earnings History

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Revenue History

Financial Ratios

NIO Inc. (NIO) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare NIO vs Peers

vs TSLA

vs LI

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios