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Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold around 222,000 EVs in 2024, accounting for about 2% of the China passenger new energy vehicle market.
2014
45.7K+
LTM Revenue $10.5B
LTM EBITDA -$2.0B
$9.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
NIO has a last 12-month revenue (LTM) of $10.5B and a last 12-month EBITDA of -$2.0B.
In the most recent fiscal year, NIO achieved revenue of $8.4B and an EBITDA of -$1.8B.
NIO expects next 12-month revenue of XXX and NTM EBITDA of XXX
See NIO valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $10.5B | XXX | $8.4B | XXX | XXX | XXX |
| Gross Profit | $1.3B | XXX | $829M | XXX | XXX | XXX |
| Gross Margin | 12% | XXX | 10% | XXX | XXX | XXX |
| EBITDA | -$2.0B | XXX | -$1.8B | XXX | XXX | XXX |
| EBITDA Margin | -19% | XXX | -21% | XXX | XXX | XXX |
| EBIT | -$2.7B | XXX | -$2.8B | XXX | XXX | XXX |
| EBIT Margin | -26% | XXX | -33% | XXX | XXX | XXX |
| Net Profit | -$2.8B | XXX | -$2.9B | XXX | XXX | XXX |
| Net Margin | -27% | XXX | -34% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $158M | XXX | XXX | XXX |
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As of May 30, 2025, NIO's stock price is HKD 28 (or $4).
NIO has current market cap of HKD 63.1B (or $8.1B), and EV of HKD 75.9B (or $9.7B).
See NIO trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9.7B | $8.1B | XXX | XXX | XXX | XXX | $-1.26 |
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Start Free TrialAs of May 30, 2025, NIO has market cap of $8.1B and EV of $9.7B.
NIO's trades at 1.2x EV/Revenue multiple, and -5.4x EV/EBITDA.
Equity research analysts estimate NIO's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NIO has a P/E ratio of -2.9x.
See valuation multiples for NIO and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8.1B | XXX | $8.1B | XXX | XXX | XXX |
| EV (current) | $9.7B | XXX | $9.7B | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | -4.8x | XXX | -5.4x | XXX | XXX | XXX |
| EV/EBIT | -3.5x | XXX | -3.5x | XXX | XXX | XXX |
| EV/Gross Profit | 7.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | -2.9x | XXX | -2.8x | XXX | XXX | XXX |
| EV/FCF | -4.2x | XXX | -4.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNIO's last 12 month revenue growth is 37%
NIO's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
NIO's rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
NIO's rule of X is 73% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for NIO and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 37% | XXX | 42% | XXX | XXX | XXX |
| EBITDA Margin | -19% | XXX | -21% | XXX | XXX | XXX |
| EBITDA Growth | -39% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 10% | XXX | 16% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 73% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 20% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 43% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Ebusco Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Traton | XXX | XXX | XXX | XXX | XXX | XXX |
| Ashok Leyland | XXX | XXX | XXX | XXX | XXX | XXX |
| TVS Motor | XXX | XXX | XXX | XXX | XXX | XXX |
| Bajaj Auto | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
NIO acquired XXX companies to date.
Last acquisition by NIO was XXXXXXXX, XXXXX XXXXX XXXXXX . NIO acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was NIO founded? | NIO was founded in 2014. |
| Where is NIO headquartered? | NIO is headquartered in Hong Kong. |
| How many employees does NIO have? | As of today, NIO has 45.7K+ employees. |
| Who is the CEO of NIO? | NIO's CEO is Mr. Bin Li. |
| Is NIO publicy listed? | Yes, NIO is a public company listed on HKG. |
| What is the stock symbol of NIO? | NIO trades under 09866 ticker. |
| When did NIO go public? | NIO went public in 2022. |
| Who are competitors of NIO? | Similar companies to NIO include e.g. Ebusco Holding, Traton, Ashok Leyland, TVS Motor. |
| What is the current market cap of NIO? | NIO's current market cap is $8.1B |
| What is the current revenue of NIO? | NIO's last 12 months revenue is $10.5B. |
| What is the current revenue growth of NIO? | NIO revenue growth (NTM/LTM) is 37%. |
| What is the current EV/Revenue multiple of NIO? | Current revenue multiple of NIO is 0.9x. |
| Is NIO profitable? | Yes, NIO is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of NIO? | NIO's last 12 months EBITDA is -$2.0B. |
| What is NIO's EBITDA margin? | NIO's last 12 months EBITDA margin is -19%. |
| What is the current EV/EBITDA multiple of NIO? | Current EBITDA multiple of NIO is -4.8x. |
| What is the current FCF of NIO? | NIO's last 12 months FCF is -$2.3B. |
| What is NIO's FCF margin? | NIO's last 12 months FCF margin is -22%. |
| What is the current EV/FCF multiple of NIO? | Current FCF multiple of NIO is -4.2x. |
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