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

PBF Energy Inc. is the larger business by last-quarter revenue ($7.9B vs $4.7B, roughly 1.7× NIO Inc.). PBF Energy Inc. runs the higher net margin — 2.5% vs 0.8%, a 1.7% gap on every dollar of revenue.

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.

PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...

NIO vs PBF — Head-to-Head

Bigger by revenue
PBF
PBF
1.7× larger
PBF
$7.9B
$4.7B
NIO
Higher net margin
PBF
PBF
1.7% more per $
PBF
2.5%
0.8%
NIO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NIO
NIO
PBF
PBF
Revenue
$4.7B
$7.9B
Net Profit
$38.7M
$200.2M
Gross Margin
17.5%
3.5%
Operating Margin
1.5%
3.8%
Net Margin
0.8%
2.5%
Revenue YoY
11.9%
Net Profit YoY
149.4%
EPS (diluted)
$0.05
$1.65

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
NIO
NIO
PBF
PBF
Q1 26
$4.7B
$7.9B
Q4 25
$7.1B
Q3 25
$3.0B
$7.7B
Q2 25
$2.6B
$7.5B
Q1 25
$2.7B
$7.1B
Q4 24
$7.4B
Q3 24
$8.4B
Q2 24
$8.7B
Net Profit
NIO
NIO
PBF
PBF
Q1 26
$38.7M
$200.2M
Q4 25
$78.4M
Q3 25
$-505.2M
$170.1M
Q2 25
$-709.5M
$-5.2M
Q1 25
$-984.2M
$-401.8M
Q4 24
$-289.3M
Q3 24
$-285.9M
Q2 24
$-65.2M
Gross Margin
NIO
NIO
PBF
PBF
Q1 26
17.5%
3.5%
Q4 25
-1.8%
Q3 25
13.9%
0.5%
Q2 25
10.0%
-0.8%
Q1 25
11.7%
-5.9%
Q4 24
-4.2%
Q3 24
-3.4%
Q2 24
0.1%
Operating Margin
NIO
NIO
PBF
PBF
Q1 26
1.5%
3.8%
Q4 25
1.8%
Q3 25
-16.2%
3.7%
Q2 25
-25.8%
0.6%
Q1 25
-30.6%
-7.2%
Q4 24
-5.2%
Q3 24
-4.6%
Q2 24
-0.9%
Net Margin
NIO
NIO
PBF
PBF
Q1 26
0.8%
2.5%
Q4 25
1.1%
Q3 25
-16.8%
2.2%
Q2 25
-27.0%
-0.1%
Q1 25
-36.2%
-5.7%
Q4 24
-3.9%
Q3 24
-3.4%
Q2 24
-0.7%
EPS (diluted)
NIO
NIO
PBF
PBF
Q1 26
$0.05
$1.65
Q4 25
$0.74
Q3 25
$-1.51
$1.45
Q2 25
$-2.31
$-0.05
Q1 25
$-3.47
$-3.53
Q4 24
$-2.41
Q3 24
$-2.49
Q2 24
$-0.56

Balance Sheet & Financial Strength

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

Metric
NIO
NIO
PBF
PBF
Cash + ST InvestmentsLiquidity on hand
$4.4B
$541.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$594.8M
$5.7B
Total Assets
$17.8B
$14.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NIO
NIO
PBF
PBF
Q1 26
$4.4B
$541.8M
Q4 25
$527.9M
Q3 25
$482.0M
Q2 25
$2.5B
$590.7M
Q1 25
$4.6B
$468.6M
Q4 24
$536.1M
Q3 24
$976.7M
Q2 24
$1.4B
Stockholders' Equity
NIO
NIO
PBF
PBF
Q1 26
$594.8M
$5.7B
Q4 25
$5.3B
Q3 25
$5.2B
Q2 25
$-168.3M
$5.1B
Q1 25
$817.5M
$5.1B
Q4 24
$5.5B
Q3 24
$5.9B
Q2 24
$6.3B
Total Assets
NIO
NIO
PBF
PBF
Q1 26
$17.8B
$14.7B
Q4 25
$13.0B
Q3 25
$13.0B
Q2 25
$14.0B
$13.0B
Q1 25
$14.7B
$13.0B
Q4 24
$12.7B
Q3 24
$13.1B
Q2 24
$14.1B

Cash Flow & Capital Efficiency

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

Metric
NIO
NIO
PBF
PBF
Operating Cash FlowLast quarter
$427.9M
Free Cash FlowOCF − Capex
$-439.4M
FCF MarginFCF / Revenue
-9.3%
Capex IntensityCapex / Revenue
18.4%
4.0%
Cash ConversionOCF / Net Profit
11.07×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NIO
NIO
PBF
PBF
Q1 26
$427.9M
Q4 25
$366.6M
Q3 25
$25.7M
Q2 25
$191.1M
Q1 25
$-1.1B
$-661.4M
Q4 24
$-329.7M
Q3 24
$-68.0M
Q2 24
$425.3M
Free Cash Flow
NIO
NIO
PBF
PBF
Q1 26
$-439.4M
Q4 25
$77.0M
Q3 25
$-122.8M
Q2 25
$35.0M
Q1 25
$-2.3B
$-772.4M
Q4 24
$-425.7M
Q3 24
$-169.8M
Q2 24
$371.8M
FCF Margin
NIO
NIO
PBF
PBF
Q1 26
-9.3%
Q4 25
1.1%
Q3 25
-1.6%
Q2 25
0.5%
Q1 25
-85.6%
-10.9%
Q4 24
-5.8%
Q3 24
-2.0%
Q2 24
4.3%
Capex Intensity
NIO
NIO
PBF
PBF
Q1 26
18.4%
4.0%
Q4 25
4.1%
Q3 25
1.9%
Q2 25
2.1%
Q1 25
46.1%
1.6%
Q4 24
1.3%
Q3 24
1.2%
Q2 24
0.6%
Cash Conversion
NIO
NIO
PBF
PBF
Q1 26
11.07×
Q4 25
4.68×
Q3 25
0.15×
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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