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Side-by-side financial comparison of Cenntro Inc. (CENN) and NIO Inc. (NIO). Click either name above to swap in a different company.

NIO Inc. is the larger business by last-quarter revenue ($4.7B vs $5.0M, roughly 950.8× Cenntro Inc.). NIO Inc. runs the higher net margin — 0.8% vs -1022.8%, a 1023.6% gap on every dollar of revenue.

Cenntro Inc. is a global electric vehicle technology manufacturer specializing in light and medium-duty commercial electric vehicles and associated smart mobility solutions. It serves logistics, urban delivery, public service, and corporate fleet markets across North America, Europe, and Asia, focusing on affordable, sustainable last-mile transport options.

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.

CENN vs NIO — Head-to-Head

Bigger by revenue
NIO
NIO
950.8× larger
NIO
$4.7B
$5.0M
CENN
Higher net margin
NIO
NIO
1023.6% more per $
NIO
0.8%
-1022.8%
CENN

Income Statement — Q4 2025 vs Q4 2025

Metric
CENN
CENN
NIO
NIO
Revenue
$5.0M
$4.7B
Net Profit
$-50.7M
$38.7M
Gross Margin
-54.9%
17.5%
Operating Margin
-229.9%
1.5%
Net Margin
-1022.8%
0.8%
Revenue YoY
972.9%
Net Profit YoY
-189.4%
EPS (diluted)
$-86.61
$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
CENN
CENN
NIO
NIO
Q1 26
$4.7B
Q4 25
$5.0M
Q3 25
$4.6M
$3.0B
Q2 25
$2.1M
$2.6B
Q1 25
$6.4M
$2.7B
Q4 24
$-568.2K
Q3 24
$16.2M
Q2 24
$8.3M
Net Profit
CENN
CENN
NIO
NIO
Q1 26
$38.7M
Q4 25
$-50.7M
Q3 25
$-6.7M
$-505.2M
Q2 25
$-5.7M
$-709.5M
Q1 25
$-9.9M
$-984.2M
Q4 24
$-17.5M
Q3 24
$-9.0M
Q2 24
$-9.2M
Gross Margin
CENN
CENN
NIO
NIO
Q1 26
17.5%
Q4 25
-54.9%
Q3 25
2.3%
13.9%
Q2 25
15.0%
10.0%
Q1 25
-0.3%
11.7%
Q4 24
262.5%
Q3 24
38.8%
Q2 24
14.7%
Operating Margin
CENN
CENN
NIO
NIO
Q1 26
1.5%
Q4 25
-229.9%
Q3 25
-150.4%
-16.2%
Q2 25
-288.1%
-25.8%
Q1 25
-126.4%
-30.6%
Q4 24
1644.3%
Q3 24
-40.4%
Q2 24
-106.0%
Net Margin
CENN
CENN
NIO
NIO
Q1 26
0.8%
Q4 25
-1022.8%
Q3 25
-146.7%
-16.8%
Q2 25
-263.8%
-27.0%
Q1 25
-154.4%
-36.2%
Q4 24
3084.9%
Q3 24
-55.3%
Q2 24
-110.4%
EPS (diluted)
CENN
CENN
NIO
NIO
Q1 26
$0.05
Q4 25
$-86.61
Q3 25
$-0.14
$-1.51
Q2 25
$-0.19
$-2.31
Q1 25
$-0.27
$-3.47
Q4 24
$-86.39
Q3 24
$-0.29
Q2 24
$-0.30

Balance Sheet & Financial Strength

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

Metric
CENN
CENN
NIO
NIO
Cash + ST InvestmentsLiquidity on hand
$4.5M
$4.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$40.3M
$594.8M
Total Assets
$74.4M
$17.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CENN
CENN
NIO
NIO
Q1 26
$4.4B
Q4 25
$4.5M
Q3 25
$4.4M
Q2 25
$6.0M
$2.5B
Q1 25
$8.5M
$4.6B
Q4 24
$12.6M
Q3 24
$22.4M
Q2 24
$20.2M
Stockholders' Equity
CENN
CENN
NIO
NIO
Q1 26
$594.8M
Q4 25
$40.3M
Q3 25
$76.0M
Q2 25
$79.6M
$-168.3M
Q1 25
$73.3M
$817.5M
Q4 24
$77.8M
Q3 24
$96.7M
Q2 24
$103.8M
Total Assets
CENN
CENN
NIO
NIO
Q1 26
$17.8B
Q4 25
$74.4M
Q3 25
$112.7M
Q2 25
$124.4M
$14.0B
Q1 25
$129.3M
$14.7B
Q4 24
$132.6M
Q3 24
$159.8M
Q2 24
$167.8M

Cash Flow & Capital Efficiency

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

Metric
CENN
CENN
NIO
NIO
Operating Cash FlowLast quarter
$-1.8M
$427.9M
Free Cash FlowOCF − Capex
$-439.4M
FCF MarginFCF / Revenue
-9.3%
Capex IntensityCapex / Revenue
18.4%
Cash ConversionOCF / Net Profit
11.07×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CENN
CENN
NIO
NIO
Q1 26
$427.9M
Q4 25
$-1.8M
Q3 25
$-1.4M
Q2 25
$-4.4M
Q1 25
$-5.0M
$-1.1B
Q4 24
$-8.5M
Q3 24
$-201.6K
Q2 24
$-3.8M
Free Cash Flow
CENN
CENN
NIO
NIO
Q1 26
$-439.4M
Q4 25
Q3 25
$-1.5M
Q2 25
$-4.5M
Q1 25
$-5.5M
$-2.3B
Q4 24
$-8.6M
Q3 24
$-258.9K
Q2 24
$-4.2M
FCF Margin
CENN
CENN
NIO
NIO
Q1 26
-9.3%
Q4 25
Q3 25
-33.2%
Q2 25
-211.2%
Q1 25
-85.4%
-85.6%
Q4 24
1509.3%
Q3 24
-1.6%
Q2 24
-50.3%
Capex Intensity
CENN
CENN
NIO
NIO
Q1 26
18.4%
Q4 25
Q3 25
2.1%
Q2 25
5.6%
Q1 25
8.1%
46.1%
Q4 24
-22.1%
Q3 24
0.4%
Q2 24
4.0%
Cash Conversion
CENN
CENN
NIO
NIO
Q1 26
11.07×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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