NIONIO Inc.
Is the business good?
Margins steady. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Margins have held roughly steady, a stable cost structure.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is NIO?
NIO Inc. keeps −16% of every revenue dollar as operating profit, against −3.6% for the median Auto Manufacturers name.
Operating margin · Auto Manufacturers median −3.6% · fiscal year to FY2025
- Share count, year on year
- +11%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 12%
R&D as % of revenue
- Gross margin
- 14%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −28% |
| FY2021 | −12% |
| FY2022 | −32% |
| FY2023 | −41% |
| FY2024 | −33% |
| FY2025 | −16% |
Details›
- Gross marginfiscal year to FY2025
- 14%
- Operating marginfiscal year to FY2025
- −16%
- Net marginfiscal year to FY2025
- −17%
- Free cash flow margin
- −3.5%
- R&D as % of revenue
- 12%
- Revenue, trailing twelve months
- $87.5B
- Free cash flow, trailing twelve months
- −$3.07B
- Net income, trailing twelve months
- −$14.9B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from NIO and who it buys from, as the companies report it.
- Customer A18%
Share of revenue · FY2025 20-F
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; NIO’s own figures are from its FY2025 20-F. Smaller customers and suppliers go unreported.
Auto Manufacturers
The closest names by size in the same industry