NIO vs Xpeng
NIO and Xpeng are similar in size: $12.17bn and $10.68bn of revenue in their latest fiscal years. Xpeng grew faster (88.0% against 33.3%). Xpeng kept more of each dollar of sales as profit: a net margin of -1.5% against -17.8%. Xpeng carries less debt relative to equity (41.8% against 336.0%).
| Latest fiscal year | NIONIO, 2025 | XpengXPEV, 2025 |
|---|---|---|
| Revenue | $12.17bn | $10.68bn |
| Revenue growth | 33.3% | 88.0% |
| Net income | −$2.17bn | −$159m |
| Operating margin | -16.0% | -3.6% |
| Net margin | -17.8% | -1.5% |
| Return on equity | — | -3.7% |
| Free cash flow | −$428m | $710m |
| Cash | $1.61bn | $2.48bn |
| Total debt | $2.00bn | $1.82bn |
| Debt to equity | 336.0% | 41.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $7.92bn | $9.21bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |