Lucid Group vs Niu Technologies
Lucid Group is the larger business, with $1.35bn of revenue in fiscal 2025 against $599m for Niu Technologies (2.3 times as much). Lucid Group grew faster (67.6% against 31.2%). Niu Technologies kept more of each dollar of sales as profit: a net margin of -0.9% against -199.3%. Niu Technologies carries less debt relative to equity (43.6% against 379.0%).
| Latest fiscal year | Lucid GroupLCID, 2025 | Niu TechnologiesNIU, 2025 |
|---|---|---|
| Revenue | $1.35bn | $599m |
| Revenue growth | 67.6% | 31.2% |
| Net income | −$2.70bn | −$5.5m |
| Operating margin | -258.7% | -2.0% |
| Net margin | -199.3% | -0.9% |
| Return on equity | -117.6% | -4.3% |
| Free cash flow | −$3.80bn | $24.4m |
| Cash | $998m | $132m |
| Total debt | $2.72bn | $56.4m |
| Debt to equity | 379.0% | 43.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 9,000 | — |
| Market value | $1.20bn | $140m |
| Price vs our value range | — | Within our value range |
| Moat score | 8 (Weak) | — |
| Insider trades, 12 months | 0 buys, 4 sales | 0 buys, 1 sales |