Last 18 quarters of trend data · Consumer Cyclical · Auto - Manufacturers
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Niu Technologies's quarterly P/E stands at 1.2x.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -8.75 | 1.20 | 11.38 | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.51 | 0.06 | 0.06 | 0.12 | 0.04 | 0.04 | 0.04 | 0.07 | 0.09 | 0.06 | 0.09 | 0.19 | 0.17 |
| — | +29.9% | +50.3% | +81.6% | -51.8% | -26.4% | -61.1% | -66.0% | -45.8% | -14.2% | -71.1% | -76.8% | -61.0% | |
| P/B Ratio | 1.82 | 0.39 | 0.31 | 0.36 | 0.15 | 0.18 | 0.13 | 0.13 | 0.16 | 0.18 | 0.24 | 0.26 | 0.31 |
| — | +114.7% | +128.4% | +186.0% | -3.1% | +0.5% | -44.4% | -50.6% | -49.2% | -24.1% | -76.3% | -88.6% | -80.9% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | -0.77 | — | — | — | — | — | — | — | — | -72.04 | — | — |
| — | — | — | — | — | — | — | — | — | — | -1285.0% | — | — | |
| EV / EBIT | — | -0.77 | — | — | — | — | — | — | — | — | -72.04 | — | — |
| — | — | — | — | — | — | — | — | — | — | -1285.0% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Niu Technologies's operating margin was 4.3% in Q3 2025, up 5.3 pp QoQ and up 10.0 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -3.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 57.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.2% | 21.8% | 20.1% | 17.3% | 12.4% | 13.8% | 17.0% | 18.9% | 19.0% | 21.4% | 23.1% | 21.7% | 22.5% |
| — | +57.9% | +18.4% | -8.5% | -34.5% | -35.3% | -26.5% | -12.6% | -15.4% | -3.4% | +2.4% | -13.9% | +7.4% | |
| Operating Margin | -7.6% | 4.3% | -1.0% | -6.8% | -11.1% | -5.7% | -3.4% | -13.7% | -32.2% | -9.7% | -0.8% | -16.1% | -7.0% |
| — | +175.9% | +71.0% | +50.3% | +65.6% | +40.8% | -316.6% | +14.5% | -357.9% | -1277.2% | -116.1% | -273.2% | -177.7% | |
| Net Margin | -5.9% | 4.8% | 0.5% | -5.7% | -8.9% | -4.0% | -2.6% | -10.9% | -27.2% | -8.6% | -0.2% | -14.5% | -6.1% |
| — | +220.6% | +117.7% | +47.5% | +67.4% | +53.3% | -1052.5% | +24.9% | -348.4% | -3527.0% | -104.8% | -267.0% | -167.8% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -19.1% | 8.6% | 0.7% | -4.2% | -7.6% | -4.1% | -2.4% | -5.1% | -11.2% | -6.3% | -0.1% | -4.7% | -2.8% |
| — | +312.5% | +127.2% | +17.0% | +32.8% | +35.7% | -1508.3% | -9.0% | -301.9% | -2956.5% | -103.5% | -177.9% | -131.2% | |
| ROA | -8.0% | 2.5% | 0.2% | -1.5% | -2.7% | -1.5% | -1.0% | -2.4% | -5.4% | -3.2% | -0.1% | -2.6% | -1.4% |
| — | +270.8% | +121.5% | +36.8% | +51.0% | +53.8% | -1073.1% | +5.9% | -296.6% | -3040.5% | -103.7% | -183.7% | -131.4% | |
| ROIC | -37.7% | 16.7% | -1.5% | -4.8% | -11.4% | -6.1% | -3.6% | -9.5% | -17.7% | -7.9% | -0.5% | -4.3% | -2.8% |
| — | +374.4% | +58.5% | +49.3% | +35.7% | +23.3% | -588.1% | -122.2% | -525.6% | -1480.4% | -116.1% | -187.5% | -137.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Niu Technologies's Debt/EBITDA ratio is 5.4x — elevated, raising questions about debt serviceability. The current ratio has weakened 9.1% YoY to 1.21x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.45 | 0.56 | 0.65 | 0.22 | 0.46 | 0.44 | 0.43 | 0.25 | 0.29 | 0.22 | 0.21 | 0.37 |
| — | -1.3% | +27.7% | +51.6% | -13.3% | +56.5% | +102.6% | +105.0% | -32.6% | +11.0% | -19.1% | +15.9% | +92.2% | |
| Debt / EBITDA | — | 5.37 | — | — | — | — | — | — | — | — | 798.77 | — | — |
| — | — | — | — | — | — | — | — | — | — | +13666.1% | — | — | |
| Current Ratio | 1.31 | 1.21 | 1.21 | 1.30 | 1.31 | 1.33 | 1.39 | 1.51 | 1.64 | 1.60 | 1.81 | 1.90 | 1.69 |
| — | -9.1% | -13.1% | -13.5% | -20.1% | -17.1% | -23.3% | -20.5% | -2.5% | +2.4% | +8.0% | +0.8% | -0.2% | |
| Quick Ratio | 0.92 | 0.92 | 0.88 | 0.86 | 0.92 | 0.94 | 1.03 | 1.14 | 1.28 | 1.31 | 1.45 | 1.42 | 1.34 |
| — | -2.2% | -15.0% | -24.5% | -27.9% | -28.0% | -29.1% | -19.7% | -4.5% | +2.9% | +1.0% | -16.9% | -13.5% | |
| Interest Coverage | -44.57 | 54.20 | -8.01 | -33.01 | -56.72 | -38.04 | -21.14 | -71.73 | -188.57 | -170.60 | -457.86 | -1005.23 | -32.19 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 18 years · Updated daily
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Start ComparisonQuick answers to the most common questions about buying NIU stock.
Niu Technologies's current P/E is -8.8x. The average P/E over the last 2 quarters is 6.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Niu Technologies's current operating margin is -7.6%. 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 Niu Technologies's business trajectory between earnings reports.