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Side-by-side financial comparison of AUTONATION, INC. (AN) and NIO Inc. (NIO). Click either name above to swap in a different company.

AUTONATION, INC. is the larger business by last-quarter revenue ($6.9B vs $4.7B, roughly 1.5× NIO Inc.). AUTONATION, INC. runs the higher net margin — 2.5% vs 0.8%, a 1.7% gap on every dollar of revenue. AUTONATION, INC. produced more free cash flow last quarter ($64.2M vs $-439.4M).

AutoNation, Inc. is an American automotive retailer based in Fort Lauderdale, Florida, which provides new and pre-owned vehicles and associated services in the United States. The company was founded by Wayne Huizenga in 1996, starting with twelve AutoNation locations, and now has more than 300 retail outlets.

Nio Inc. is a Chinese electric vehicle manufacturer headquartered in Shanghai. Founded in 2014, it adopted its current name in 2016. The company designs and sells electric vehicles, including sedans and SUVs, and has expanded into smartphone development.

AN vs NIO — Head-to-Head

Bigger by revenue
AN
AN
1.5× larger
AN
$6.9B
$4.7B
NIO
Higher net margin
AN
AN
1.7% more per $
AN
2.5%
0.8%
NIO
More free cash flow
AN
AN
$503.6M more FCF
AN
$64.2M
$-439.4M
NIO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AN
AN
NIO
NIO
Revenue
$6.9B
$4.7B
Net Profit
$172.1M
$38.7M
Gross Margin
17.5%
17.5%
Operating Margin
4.5%
1.5%
Net Margin
2.5%
0.8%
Revenue YoY
-3.9%
Net Profit YoY
-7.5%
EPS (diluted)
$4.68
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AN
AN
NIO
NIO
Q1 26
$4.7B
Q4 25
$6.9B
Q3 25
$7.0B
$3.0B
Q2 25
$7.0B
$2.6B
Q1 25
$6.7B
$2.7B
Q4 24
$7.2B
Q3 24
$6.6B
Q2 24
$6.5B
Net Profit
AN
AN
NIO
NIO
Q1 26
$38.7M
Q4 25
$172.1M
Q3 25
$215.1M
$-505.2M
Q2 25
$86.4M
$-709.5M
Q1 25
$175.5M
$-984.2M
Q4 24
$186.1M
Q3 24
$185.8M
Q2 24
$130.2M
Gross Margin
AN
AN
NIO
NIO
Q1 26
17.5%
Q4 25
17.5%
Q3 25
17.6%
13.9%
Q2 25
18.3%
10.0%
Q1 25
18.2%
11.7%
Q4 24
17.2%
Q3 24
18.0%
Q2 24
17.9%
Operating Margin
AN
AN
NIO
NIO
Q1 26
1.5%
Q4 25
4.5%
Q3 25
5.3%
-16.2%
Q2 25
3.1%
-25.8%
Q1 25
5.0%
-30.6%
Q4 24
4.7%
Q3 24
5.3%
Q2 24
4.2%
Net Margin
AN
AN
NIO
NIO
Q1 26
0.8%
Q4 25
2.5%
Q3 25
3.1%
-16.8%
Q2 25
1.2%
-27.0%
Q1 25
2.6%
-36.2%
Q4 24
2.6%
Q3 24
2.8%
Q2 24
2.0%
EPS (diluted)
AN
AN
NIO
NIO
Q1 26
$0.05
Q4 25
$4.68
Q3 25
$5.65
$-1.51
Q2 25
$2.26
$-2.31
Q1 25
$4.45
$-3.47
Q4 24
$4.62
Q3 24
$4.61
Q2 24
$3.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AN
AN
NIO
NIO
Cash + ST InvestmentsLiquidity on hand
$58.6M
$4.4B
Total DebtLower is stronger
$3.7B
Stockholders' EquityBook value
$2.3B
$594.8M
Total Assets
$14.4B
$17.8B
Debt / EquityLower = less leverage
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AN
AN
NIO
NIO
Q1 26
$4.4B
Q4 25
$58.6M
Q3 25
$97.6M
Q2 25
$62.9M
$2.5B
Q1 25
$70.5M
$4.6B
Q4 24
$59.8M
Q3 24
$60.2M
Q2 24
$85.9M
Total Debt
AN
AN
NIO
NIO
Q1 26
Q4 25
$3.7B
Q3 25
Q2 25
Q1 25
$3.1B
Q4 24
$2.6B
Q3 24
$3.1B
Q2 24
$3.1B
Stockholders' Equity
AN
AN
NIO
NIO
Q1 26
$594.8M
Q4 25
$2.3B
Q3 25
$2.5B
Q2 25
$2.5B
$-168.3M
Q1 25
$2.4B
$817.5M
Q4 24
$2.5B
Q3 24
$2.4B
Q2 24
$2.2B
Total Assets
AN
AN
NIO
NIO
Q1 26
$17.8B
Q4 25
$14.4B
Q3 25
$14.2B
Q2 25
$13.6B
$14.0B
Q1 25
$13.3B
$14.7B
Q4 24
$13.0B
Q3 24
$12.9B
Q2 24
$12.8B
Debt / Equity
AN
AN
NIO
NIO
Q1 26
Q4 25
1.58×
Q3 25
Q2 25
Q1 25
1.29×
Q4 24
1.06×
Q3 24
1.32×
Q2 24
1.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AN
AN
NIO
NIO
Operating Cash FlowLast quarter
$150.5M
$427.9M
Free Cash FlowOCF − Capex
$64.2M
$-439.4M
FCF MarginFCF / Revenue
0.9%
-9.3%
Capex IntensityCapex / Revenue
1.2%
18.4%
Cash ConversionOCF / Net Profit
0.87×
11.07×
TTM Free Cash FlowTrailing 4 quarters
$-197.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AN
AN
NIO
NIO
Q1 26
$427.9M
Q4 25
$150.5M
Q3 25
$191.7M
Q2 25
$-177.8M
Q1 25
$-52.5M
$-1.1B
Q4 24
$149.8M
Q3 24
$-70.0M
Q2 24
$-59.6M
Free Cash Flow
AN
AN
NIO
NIO
Q1 26
$-439.4M
Q4 25
$64.2M
Q3 25
$122.8M
Q2 25
$-256.8M
Q1 25
$-127.7M
$-2.3B
Q4 24
$83.5M
Q3 24
$-151.0M
Q2 24
$-147.1M
FCF Margin
AN
AN
NIO
NIO
Q1 26
-9.3%
Q4 25
0.9%
Q3 25
1.7%
Q2 25
-3.7%
Q1 25
-1.9%
-85.6%
Q4 24
1.2%
Q3 24
-2.3%
Q2 24
-2.3%
Capex Intensity
AN
AN
NIO
NIO
Q1 26
18.4%
Q4 25
1.2%
Q3 25
1.0%
Q2 25
1.1%
Q1 25
1.1%
46.1%
Q4 24
0.9%
Q3 24
1.2%
Q2 24
1.4%
Cash Conversion
AN
AN
NIO
NIO
Q1 26
11.07×
Q4 25
0.87×
Q3 25
0.89×
Q2 25
-2.06×
Q1 25
-0.30×
Q4 24
0.80×
Q3 24
-0.38×
Q2 24
-0.46×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AN
AN

New Vehicle$3.4B50%
Transferred At Point In Time$1.7B24%
Parts And Service$1.2B18%
Finance And Insurance Net$369.4M5%
Transferred Over Time$221.4M3%
Other$3.5M0%

NIO
NIO

Segment breakdown not available.

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