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

NIO Inc. is the larger business by last-quarter revenue ($4.7B vs $2.4B, roughly 2.0× SEABOARD CORP). SEABOARD CORP runs the higher net margin — 10.6% vs 0.8%, a 9.8% gap on every dollar of revenue. SEABOARD CORP produced more free cash flow last quarter ($53.0M vs $-439.4M).

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.

Seaboard Corporation is a diverse multinational agribusiness and transportation conglomerate with integrated operations in several industries. In the United States, the company mainly engages in pork production and processing and ocean transportation. Internationally, Seaboard is primarily engaged in commodity merchandising, grain processing, sugar production and electrical power generation. The parent company, Seaboard Corporation is based in the Kansas City suburb of Merriam, Kansas. Its su...

NIO vs SEB — Head-to-Head

Bigger by revenue
NIO
NIO
2.0× larger
NIO
$4.7B
$2.4B
SEB
Higher net margin
SEB
SEB
9.8% more per $
SEB
10.6%
0.8%
NIO
More free cash flow
SEB
SEB
$492.4M more FCF
SEB
$53.0M
$-439.4M
NIO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NIO
NIO
SEB
SEB
Revenue
$4.7B
$2.4B
Net Profit
$38.7M
$255.0M
Gross Margin
17.5%
7.9%
Operating Margin
1.5%
2.7%
Net Margin
0.8%
10.6%
Revenue YoY
-2.9%
Net Profit YoY
63.5%
EPS (diluted)
$0.05
$262.58

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
SEB
SEB
Q1 26
$4.7B
Q4 25
$2.4B
Q3 25
$3.0B
$2.5B
Q2 25
$2.6B
$2.5B
Q1 25
$2.7B
$2.3B
Q4 24
$2.5B
Q3 24
$2.2B
Q2 24
$2.2B
Net Profit
NIO
NIO
SEB
SEB
Q1 26
$38.7M
Q4 25
$255.0M
Q3 25
$-505.2M
$110.0M
Q2 25
$-709.5M
$104.0M
Q1 25
$-984.2M
$32.0M
Q4 24
$156.0M
Q3 24
$-149.0M
Q2 24
$61.0M
Gross Margin
NIO
NIO
SEB
SEB
Q1 26
17.5%
Q4 25
7.9%
Q3 25
13.9%
7.8%
Q2 25
10.0%
6.5%
Q1 25
11.7%
6.1%
Q4 24
9.0%
Q3 24
6.2%
Q2 24
5.8%
Operating Margin
NIO
NIO
SEB
SEB
Q1 26
1.5%
Q4 25
2.7%
Q3 25
-16.2%
3.3%
Q2 25
-25.8%
2.1%
Q1 25
-30.6%
1.6%
Q4 24
4.6%
Q3 24
1.4%
Q2 24
1.4%
Net Margin
NIO
NIO
SEB
SEB
Q1 26
0.8%
Q4 25
10.6%
Q3 25
-16.8%
4.3%
Q2 25
-27.0%
4.2%
Q1 25
-36.2%
1.4%
Q4 24
6.3%
Q3 24
-6.7%
Q2 24
2.8%
EPS (diluted)
NIO
NIO
SEB
SEB
Q1 26
$0.05
Q4 25
$262.58
Q3 25
$-1.51
$113.71
Q2 25
$-2.31
$105.22
Q1 25
$-3.47
$32.95
Q4 24
$158.58
Q3 24
$-153.44
Q2 24
$62.82

Balance Sheet & Financial Strength

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

Metric
NIO
NIO
SEB
SEB
Cash + ST InvestmentsLiquidity on hand
$4.4B
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$594.8M
$5.2B
Total Assets
$17.8B
$8.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NIO
NIO
SEB
SEB
Q1 26
$4.4B
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$2.5B
$1.1B
Q1 25
$4.6B
$1.1B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Stockholders' Equity
NIO
NIO
SEB
SEB
Q1 26
$594.8M
Q4 25
$5.2B
Q3 25
$5.0B
Q2 25
$-168.3M
$4.8B
Q1 25
$817.5M
$4.7B
Q4 24
$4.7B
Q3 24
$4.5B
Q2 24
$4.7B
Total Assets
NIO
NIO
SEB
SEB
Q1 26
$17.8B
Q4 25
$8.2B
Q3 25
$8.0B
Q2 25
$14.0B
$7.9B
Q1 25
$14.7B
$7.6B
Q4 24
$7.7B
Q3 24
$7.5B
Q2 24
$7.7B

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
SEB
SEB
Operating Cash FlowLast quarter
$427.9M
$188.0M
Free Cash FlowOCF − Capex
$-439.4M
$53.0M
FCF MarginFCF / Revenue
-9.3%
2.2%
Capex IntensityCapex / Revenue
18.4%
5.6%
Cash ConversionOCF / Net Profit
11.07×
0.74×
TTM Free Cash FlowTrailing 4 quarters
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NIO
NIO
SEB
SEB
Q1 26
$427.9M
Q4 25
$188.0M
Q3 25
$319.0M
Q2 25
$81.0M
Q1 25
$-1.1B
$-20.0M
Q4 24
$300.0M
Q3 24
$194.0M
Q2 24
$6.0M
Free Cash Flow
NIO
NIO
SEB
SEB
Q1 26
$-439.4M
Q4 25
$53.0M
Q3 25
$152.0M
Q2 25
$-70.0M
Q1 25
$-2.3B
$-129.0M
Q4 24
$162.0M
Q3 24
$58.0M
Q2 24
$-127.0M
FCF Margin
NIO
NIO
SEB
SEB
Q1 26
-9.3%
Q4 25
2.2%
Q3 25
6.0%
Q2 25
-2.8%
Q1 25
-85.6%
-5.6%
Q4 24
6.5%
Q3 24
2.6%
Q2 24
-5.7%
Capex Intensity
NIO
NIO
SEB
SEB
Q1 26
18.4%
Q4 25
5.6%
Q3 25
6.6%
Q2 25
6.1%
Q1 25
46.1%
4.7%
Q4 24
5.6%
Q3 24
6.1%
Q2 24
6.0%
Cash Conversion
NIO
NIO
SEB
SEB
Q1 26
11.07×
Q4 25
0.74×
Q3 25
2.90×
Q2 25
0.78×
Q1 25
-0.63×
Q4 24
1.92×
Q3 24
Q2 24
0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NIO
NIO

Segment breakdown not available.

SEB
SEB

Commodity Trading And Milling$1.3B52%
Pork Segment$469.0M19%
Marine$444.0M18%
Other$108.0M4%
Energy Service$56.0M2%
Product And Service Other Services$15.0M1%
Transportation$6.0M0%

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