Last 32 quarters of trend data · Consumer Cyclical · Auto - Manufacturers
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -3.03 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.06 | 0.10 | 0.17 | 0.11 | 0.18 | 0.12 | 0.23 | 0.23 | 0.21 | 0.46 | 0.41 | 0.25 | 0.50 |
| — | -17.7% | -28.6% | -51.3% | -10.7% | -73.2% | -42.8% | -6.6% | -58.6% | -47.0% | -53.0% | -80.6% | -65.1% | |
| P/B Ratio | 5.08 | 1.16 | — | 0.66 | 0.85 | 0.41 | 0.37 | 0.54 | 0.80 | 0.87 | 0.74 | 0.58 | 0.79 |
| — | +180.9% | — | +22.9% | +7.2% | -52.8% | -49.6% | -7.1% | +1.3% | -12.2% | -19.0% | -56.6% | -60.9% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
NIO Inc.'s operating margin was -25.8% in Q2 2025, up 27.5 pp QoQ and up 4.0 pp YoY. The trailing four-quarter average of -34.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 3.1% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.9% | 10.0% | 7.6% | 11.7% | 10.7% | 9.7% | 4.9% | 7.5% | 8.0% | 1.0% | 1.5% | 3.9% | 13.3% |
| — | +3.1% | +55.2% | +56.7% | +34.5% | +876.5% | +223.8% | +93.2% | -40.1% | -92.4% | -89.6% | -77.5% | -34.4% | |
| Operating Margin | -33.3% | -25.8% | -53.3% | -30.6% | -28.0% | -29.9% | -54.4% | -38.7% | -25.4% | -69.2% | -47.9% | -41.9% | -29.8% |
| — | +13.5% | +2.0% | +21.0% | -10.4% | +56.9% | -13.7% | +7.6% | +14.7% | -150.5% | -116.8% | -69.8% | -194.2% | |
| Net Margin | -34.5% | -27.0% | -57.3% | -36.2% | -27.5% | -29.4% | -53.1% | -32.7% | -24.3% | -69.8% | -45.0% | -36.4% | -31.9% |
| — | +8.0% | -7.9% | -10.7% | -13.4% | +57.9% | -17.9% | +10.2% | +23.8% | -161.7% | -144.3% | -65.4% | -9.3% |
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -105.1% | -162.1% | -104.1% | -48.2% | -28.0% | -22.6% | -19.4% | -22.7% | -24.3% | -29.3% | -18.8% | -19.3% | -12.1% |
| — | -618.2% | -437.8% | -112.5% | -14.9% | +22.9% | -3.0% | -17.4% | -101.3% | -290.3% | -289.1% | -191.7% | -22.1% | |
| ROA | -20.1% | -5.2% | -6.7% | -6.7% | -5.0% | -5.0% | -4.7% | -5.1% | -4.9% | -6.9% | -5.2% | -6.1% | -4.3% |
| — | -3.6% | -41.1% | -32.5% | -3.1% | +27.7% | +8.3% | +16.0% | -12.3% | -128.6% | -141.2% | -111.0% | -2.2% | |
| ROIC | -55.2% | -14.0% | -19.3% | -16.7% | -14.2% | -12.4% | -12.4% | -16.8% | -11.9% | -13.0% | -11.2% | -13.8% | -7.1% |
| — | -12.8% | -54.7% | +0.4% | -19.0% | +4.2% | -11.3% | -21.7% | -67.3% | -153.4% | -194.7% | -156.4% | -165.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 23.8% YoY to 0.84x, tightening the short-term liquidity position.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.50 | 4.68 | — | 2.50 | 2.11 | 1.60 | 1.32 | 1.17 | 1.64 | 1.55 | 1.21 | 0.86 | 0.82 |
| — | +192.7% | — | +113.4% | +28.8% | +3.3% | +9.5% | +36.6% | +99.3% | +94.4% | +105.4% | +62.2% | +18.7% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 0.99 | 0.84 | 0.84 | 0.99 | 1.04 | 1.11 | 1.15 | 1.22 | 1.09 | 1.00 | 1.28 | 1.29 | 1.59 |
| — | -23.8% | -27.5% | -18.4% | -4.5% | +11.1% | -9.6% | -5.6% | -31.1% | -46.8% | -36.6% | -40.8% | -22.3% | |
| Quick Ratio | 0.88 | 0.71 | 0.69 | 0.88 | 0.93 | 1.01 | 1.03 | 1.13 | 0.97 | 0.82 | 1.12 | 1.11 | 1.42 |
| — | -29.6% | -33.1% | -21.9% | -4.2% | +23.1% | -7.7% | +1.4% | -31.9% | -53.9% | -42.0% | -47.3% | -28.2% | |
| Interest Coverage | -27.40 | -23.07 | -26.21 | -24.37 | -25.71 | -29.57 | -31.57 | -40.43 | -54.71 | -73.68 | -74.45 | -74.35 | -38.49 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 32 years · Updated daily
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Start ComparisonNIO Inc.'s current P/E is -3.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
NIO Inc.'s current operating margin is -33.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking NIO Inc.'s business trajectory between earnings reports.