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Side-by-side financial comparison of Dominion Energy (D) 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 $4.2B, roughly 1.1× Dominion Energy). Dominion Energy runs the higher net margin — 13.9% vs 0.8%, a 13.1% gap on every dollar of revenue.

Dominion Energy, Inc., commonly referred to as Dominion, is an American energy company headquartered in Richmond, Virginia that supplies electricity in parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, Idaho and Wyoming, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia. Dominion also has generation facilities in Indiana, Illinois, Connecticut, and Rhode Island.

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.

D vs NIO — Head-to-Head

Bigger by revenue
NIO
NIO
1.1× larger
NIO
$4.7B
$4.2B
D
Higher net margin
D
D
13.1% more per $
D
13.9%
0.8%
NIO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
D
D
NIO
NIO
Revenue
$4.2B
$4.7B
Net Profit
$586.0M
$38.7M
Gross Margin
17.5%
Operating Margin
18.0%
1.5%
Net Margin
13.9%
0.8%
Revenue YoY
23.2%
Net Profit YoY
871.1%
EPS (diluted)
$0.66
$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
D
D
NIO
NIO
Q1 26
$4.7B
Q4 25
$4.2B
Q3 25
$4.5B
$3.0B
Q2 25
$3.7B
$2.6B
Q1 25
$4.1B
$2.7B
Q4 24
$3.4B
Q3 24
$3.8B
Q2 24
$3.5B
Net Profit
D
D
NIO
NIO
Q1 26
$38.7M
Q4 25
$586.0M
Q3 25
$1.0B
$-505.2M
Q2 25
$760.0M
$-709.5M
Q1 25
$646.0M
$-984.2M
Q4 24
$-76.0M
Q3 24
$954.0M
Q2 24
$572.0M
Gross Margin
D
D
NIO
NIO
Q1 26
17.5%
Q4 25
Q3 25
13.9%
Q2 25
10.0%
Q1 25
11.7%
Q4 24
Q3 24
Q2 24
Operating Margin
D
D
NIO
NIO
Q1 26
1.5%
Q4 25
18.0%
Q3 25
29.7%
-16.2%
Q2 25
29.5%
-25.8%
Q1 25
29.9%
-30.6%
Q4 24
11.4%
Q3 24
32.2%
Q2 24
23.3%
Net Margin
D
D
NIO
NIO
Q1 26
0.8%
Q4 25
13.9%
Q3 25
22.3%
-16.8%
Q2 25
20.4%
-27.0%
Q1 25
15.8%
-36.2%
Q4 24
-2.2%
Q3 24
25.2%
Q2 24
16.6%
EPS (diluted)
D
D
NIO
NIO
Q1 26
$0.05
Q4 25
$0.66
Q3 25
$1.16
$-1.51
Q2 25
$0.88
$-2.31
Q1 25
$0.75
$-3.47
Q4 24
$-0.11
Q3 24
$1.12
Q2 24
$0.65

Balance Sheet & Financial Strength

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

Metric
D
D
NIO
NIO
Cash + ST InvestmentsLiquidity on hand
$250.0M
$4.4B
Total DebtLower is stronger
$44.1B
Stockholders' EquityBook value
$29.1B
$594.8M
Total Assets
$115.9B
$17.8B
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
D
D
NIO
NIO
Q1 26
$4.4B
Q4 25
$250.0M
Q3 25
$932.0M
Q2 25
$344.0M
$2.5B
Q1 25
$355.0M
$4.6B
Q4 24
$310.0M
Q3 24
$1.8B
Q2 24
$139.0M
Total Debt
D
D
NIO
NIO
Q1 26
Q4 25
$44.1B
Q3 25
$43.3B
Q2 25
$40.3B
Q1 25
$39.9B
Q4 24
$37.5B
Q3 24
$37.1B
Q2 24
$36.6B
Stockholders' Equity
D
D
NIO
NIO
Q1 26
$594.8M
Q4 25
$29.1B
Q3 25
$27.7B
Q2 25
$27.2B
$-168.3M
Q1 25
$27.4B
$817.5M
Q4 24
$27.3B
Q3 24
$27.5B
Q2 24
$27.1B
Total Assets
D
D
NIO
NIO
Q1 26
$17.8B
Q4 25
$115.9B
Q3 25
$111.6B
Q2 25
$107.4B
$14.0B
Q1 25
$104.6B
$14.7B
Q4 24
$102.4B
Q3 24
$99.8B
Q2 24
$100.4B
Debt / Equity
D
D
NIO
NIO
Q1 26
Q4 25
1.52×
Q3 25
1.56×
Q2 25
1.48×
Q1 25
1.46×
Q4 24
1.38×
Q3 24
1.35×
Q2 24
1.35×

Cash Flow & Capital Efficiency

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

Metric
D
D
NIO
NIO
Operating Cash FlowLast quarter
$987.0M
$427.9M
Free Cash FlowOCF − Capex
$-439.4M
FCF MarginFCF / Revenue
-9.3%
Capex IntensityCapex / Revenue
18.4%
Cash ConversionOCF / Net Profit
1.68×
11.07×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
D
D
NIO
NIO
Q1 26
$427.9M
Q4 25
$987.0M
Q3 25
$1.9B
Q2 25
$1.2B
Q1 25
$1.2B
$-1.1B
Q4 24
$641.0M
Q3 24
$1.5B
Q2 24
$856.0M
Free Cash Flow
D
D
NIO
NIO
Q1 26
$-439.4M
Q4 25
Q3 25
Q2 25
Q1 25
$-2.3B
Q4 24
Q3 24
Q2 24
FCF Margin
D
D
NIO
NIO
Q1 26
-9.3%
Q4 25
Q3 25
Q2 25
Q1 25
-85.6%
Q4 24
Q3 24
Q2 24
Capex Intensity
D
D
NIO
NIO
Q1 26
18.4%
Q4 25
Q3 25
Q2 25
Q1 25
46.1%
Q4 24
Q3 24
Q2 24
Cash Conversion
D
D
NIO
NIO
Q1 26
11.07×
Q4 25
1.68×
Q3 25
1.93×
Q2 25
1.64×
Q1 25
1.83×
Q4 24
Q3 24
1.61×
Q2 24
1.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

D
D

Dominion Energy Virginia$3.0B72%
Nonregulated Electricity Sales$334.0M8%
Contracted Energy$306.0M7%
Other$292.0M7%
Other Nonregulated Revenues$97.0M2%
Other Regulated Revenues$66.0M2%
Alternative Revenue Programs$50.0M1%
Transition Services Agreements$25.0M1%
Regulated Gas Transportation And Storage$10.0M0%
Related Party$5.0M0%

NIO
NIO

Segment breakdown not available.

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