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Side-by-side financial comparison of Consolidated Edison (ED) 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 $4.0B, roughly 1.2× Consolidated Edison). Consolidated Edison runs the higher net margin — 7.5% vs 0.8%, a 6.7% gap on every dollar of revenue.

Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc.

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.

ED vs NIO — Head-to-Head

Bigger by revenue
NIO
NIO
1.2× larger
NIO
$4.7B
$4.0B
ED
Higher net margin
ED
ED
6.7% more per $
ED
7.5%
0.8%
NIO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ED
ED
NIO
NIO
Revenue
$4.0B
$4.7B
Net Profit
$298.0M
$38.7M
Gross Margin
17.5%
Operating Margin
12.3%
1.5%
Net Margin
7.5%
0.8%
Revenue YoY
8.2%
Net Profit YoY
-3.9%
EPS (diluted)
$0.81
$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
ED
ED
NIO
NIO
Q1 26
$4.7B
Q4 25
$4.0B
Q3 25
$4.6B
$3.0B
Q2 25
$3.6B
$2.6B
Q1 25
$4.9B
$2.7B
Q4 24
$3.7B
Q3 24
$4.2B
Q2 24
$3.3B
Net Profit
ED
ED
NIO
NIO
Q1 26
$38.7M
Q4 25
$298.0M
Q3 25
$688.0M
$-505.2M
Q2 25
$246.0M
$-709.5M
Q1 25
$791.0M
$-984.2M
Q4 24
$310.0M
Q3 24
$588.0M
Q2 24
$202.0M
Gross Margin
ED
ED
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
ED
ED
NIO
NIO
Q1 26
1.5%
Q4 25
12.3%
Q3 25
21.2%
-16.2%
Q2 25
9.8%
-25.8%
Q1 25
23.0%
-30.6%
Q4 24
13.0%
Q3 24
20.4%
Q2 24
9.7%
Net Margin
ED
ED
NIO
NIO
Q1 26
0.8%
Q4 25
7.5%
Q3 25
15.1%
-16.8%
Q2 25
6.8%
-27.0%
Q1 25
16.2%
-36.2%
Q4 24
8.5%
Q3 24
13.9%
Q2 24
6.1%
EPS (diluted)
ED
ED
NIO
NIO
Q1 26
$0.05
Q4 25
$0.81
Q3 25
$1.90
$-1.51
Q2 25
$0.68
$-2.31
Q1 25
$2.25
$-3.47
Q4 24
$0.89
Q3 24
$1.69
Q2 24
$0.58

Balance Sheet & Financial Strength

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

Metric
ED
ED
NIO
NIO
Cash + ST InvestmentsLiquidity on hand
$1.6B
$4.4B
Total DebtLower is stronger
$25.8B
Stockholders' EquityBook value
$24.2B
$594.8M
Total Assets
$74.6B
$17.8B
Debt / EquityLower = less leverage
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ED
ED
NIO
NIO
Q1 26
$4.4B
Q4 25
$1.6B
Q3 25
$181.0M
Q2 25
$1.5B
$2.5B
Q1 25
$360.0M
$4.6B
Q4 24
$1.3B
Q3 24
$93.0M
Q2 24
$1.5B
Total Debt
ED
ED
NIO
NIO
Q1 26
Q4 25
$25.8B
Q3 25
Q2 25
Q1 25
Q4 24
$24.7B
Q3 24
Q2 24
Stockholders' Equity
ED
ED
NIO
NIO
Q1 26
$594.8M
Q4 25
$24.2B
Q3 25
$24.2B
Q2 25
$23.8B
$-168.3M
Q1 25
$23.8B
$817.5M
Q4 24
$22.0B
Q3 24
$21.9B
Q2 24
$21.6B
Total Assets
ED
ED
NIO
NIO
Q1 26
$17.8B
Q4 25
$74.6B
Q3 25
$71.8B
Q2 25
$71.5B
$14.0B
Q1 25
$70.7B
$14.7B
Q4 24
$70.6B
Q3 24
$68.6B
Q2 24
$67.9B
Debt / Equity
ED
ED
NIO
NIO
Q1 26
Q4 25
1.07×
Q3 25
Q2 25
Q1 25
Q4 24
1.13×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
ED
ED
NIO
NIO
Operating Cash FlowLast quarter
$1.5B
$427.9M
Free Cash FlowOCF − Capex
$-439.4M
FCF MarginFCF / Revenue
-9.3%
Capex IntensityCapex / Revenue
18.4%
Cash ConversionOCF / Net Profit
4.97×
11.07×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ED
ED
NIO
NIO
Q1 26
$427.9M
Q4 25
$1.5B
Q3 25
$504.0M
Q2 25
$2.0B
Q1 25
$837.0M
$-1.1B
Q4 24
$1.3B
Q3 24
$392.0M
Q2 24
$1.3B
Free Cash Flow
ED
ED
NIO
NIO
Q1 26
$-439.4M
Q4 25
Q3 25
Q2 25
Q1 25
$-2.3B
Q4 24
Q3 24
Q2 24
FCF Margin
ED
ED
NIO
NIO
Q1 26
-9.3%
Q4 25
Q3 25
Q2 25
Q1 25
-85.6%
Q4 24
Q3 24
Q2 24
Capex Intensity
ED
ED
NIO
NIO
Q1 26
18.4%
Q4 25
Q3 25
Q2 25
Q1 25
46.1%
Q4 24
Q3 24
Q2 24
Cash Conversion
ED
ED
NIO
NIO
Q1 26
11.07×
Q4 25
4.97×
Q3 25
0.73×
Q2 25
8.04×
Q1 25
1.06×
Q4 24
4.23×
Q3 24
0.67×
Q2 24
6.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ED
ED

Electricity$2.9B73%
Oil And Gas Purchased$923.0M23%
Steam Plant$189.0M5%
Con Edison Transmission$1.0M0%

NIO
NIO

Segment breakdown not available.

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