Nio (NIO) Return on Invested Capital [ROIC] (2018 - 2026)
Nio (NIO) recorded Return on Invested Capital [ROIC] of -40.96% in the quarter ended Mar 31, 2026, up 65.88 percentage points from -106.84% a year earlier and up 34.14 percentage points from the prior quarter.
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Analysis
Nio (NIO) Return on Invested Capital [ROIC] (2018 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Nio reported Return on Invested Capital [ROIC] of -73.62%, down 11.42 percentage points from the prior year.
- Annual Return on Invested Capital [ROIC] has declined for four straight years, though with a five-year change of +20.71 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at -62.19% in the year ended Dec 31, 2024 (-12.28 pp), -49.91% in the year ended Dec 31, 2023 (-19.05 pp), -30.86% in the year ended Dec 31, 2022 (-15.88 pp) and -14.99% in the year ended Dec 31, 2021 (+79.34 pp).
- The figure for the quarter ended Mar 31, 2026 is the highest quarterly Return on Invested Capital [ROIC] since the quarter ended Dec 31, 2022.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in three of the last eight quarters, with an average year-over-year change of -20.65 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 168.47 percentage points in the quarter ended Jun 30, 2021, against a drop of 93.33 percentage points in the quarter ended Jun 30, 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -75.10% (quarter ended Dec 31, 2025), -126.79% (quarter ended Sep 30, 2025) and -148.71% (quarter ended Jun 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,216.24 Bn | 1,042.27 Bn | 4.75 Bn | 3.70% |
| 2 | General Motors | 75.35 Bn | -31.16 Bn | 7.33 Bn | 0.95% |
| 3 | Ferrari | 69.70 Bn | 62.19 Bn | 1.18 Bn | 28.59% |
| 4 | Ford Motor | 48.22 Bn | -94.27 Bn | 6.08 Bn | -2.19% |
| 5 | Honda Motor | 44.40 Bn | -105.41 Bn | 8.46 Bn | 0.00% |
| 6 | Toyota Motor | 24.11 Bn | -382.39 Bn | 20.95 Bn | -10.45% |
| 7 | Magna International | 18.41 Bn | 12.44 Bn | 1.61 Bn | -33.15% |
| 8 | Rivian Automotive | 17.72 Bn | -5.59 Bn | 179.00 Mn | -38.30% |
| 9 | Stellantis | 12.89 Bn | -151.76 Bn | 5.55 Bn | -0.97% |
| 10 | Nio | 8.09 Bn | -15.60 Bn | 870.51 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -40.96% |
| Dec 31, 2025 | -75.16% |
| Sep 30, 2025 | -119.74% |
| Jun 30, 2025 | -139.02% |
| Mar 31, 2025 | -106.07% |
| Dec 31, 2024 | -73.03% |
| Sep 30, 2024 | -63.49% |
| Jun 30, 2024 | -55.35% |
| Mar 31, 2024 | -50.21% |
| Dec 31, 2023 | -52.48% |
| Sep 30, 2023 | -64.72% |
| Jun 30, 2023 | -60.17% |
| Mar 31, 2023 | -48.03% |
| Dec 31, 2022 | -36.24% |
| Sep 30, 2022 | -22.78% |
| Jun 30, 2022 | -16.01% |
| Mar 31, 2022 | -12.04% |
| Dec 31, 2021 | -9.57% |
| Sep 30, 2021 | -7.13% |
| Jun 30, 2021 | -6.97% |
API Access
Nio Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NIO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "NIO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NIO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();