Nio (NIO) Return on Invested Capital [ROIC] (2018 - 2026)
Nio (NIO) recorded Return on Invested Capital [ROIC] of -41.67% in Q1 2026, up 68.04 percentage points from -109.70% a year earlier and up 35.14 percentage points from the prior quarter.
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Analysis
Nio (NIO) Return on Invested Capital [ROIC] (2018 - 2026) Analysis & Trends
For FY2025, Nio reported Return on Invested Capital [ROIC] of -64.34%, down 7.28 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has declined for four straight years, with a five-year change of -39.41 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at -57.06% in FY2024 (-6.73 pp), -50.33% in FY2023 (-17.86 pp), -32.47% in FY2022 (-22.02 pp) and -10.45% in FY2021 (+14.47 pp).
- The Q1 2026 figure is the highest quarterly Return on Invested Capital [ROIC] since Q4 2022.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in four of the last eight quarters, with an average year-over-year change of -18.19 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 185.62 percentage points in Q2 2021, against a drop of 90.03 percentage points in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -76.81% (Q4 2025), -130.76% (Q3 2025) and -152.76% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,160.73 Bn | 982.96 Bn | 5.49 Bn | 2.75% |
| 2 | General Motors | 75.19 Bn | -29.42 Bn | 9.28 Bn | 2.04% |
| 3 | Ferrari | 74.17 Bn | 66.47 Bn | 1.14 Bn | 29.31% |
| 4 | Ford Motor | 49.64 Bn | -84.78 Bn | 7.38 Bn | -2.37% |
| 5 | Honda Motor | 47.63 Bn | -102.18 Bn | 8.46 Bn | 0.00% |
| 6 | Toyota Motor | 28.28 Bn | -349.28 Bn | 19.83 Bn | 3.88% |
| 7 | Rivian Automotive | 19.71 Bn | -2.02 Bn | 176.00 Mn | -34.76% |
| 8 | Magna International | 17.43 Bn | 11.40 Bn | 1.63 Bn | - |
| 9 | Stellantis | 12.80 Bn | -148.64 Bn | 3.94 Bn | -14.65% |
| 10 | Nio | 7.70 Bn | -16.01 Bn | 870.51 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -41.67% |
| Dec 31, 2025 | -76.81% |
| Sep 30, 2025 | -130.76% |
| Jun 30, 2025 | -152.76% |
| Mar 31, 2025 | -109.70% |
| Dec 31, 2024 | -78.57% |
| Sep 30, 2024 | -71.71% |
| Jun 30, 2024 | -62.74% |
| Mar 31, 2024 | -52.75% |
| Dec 31, 2023 | -55.45% |
| Sep 30, 2023 | -79.03% |
| Jun 30, 2023 | -69.29% |
| Mar 31, 2023 | -43.74% |
| Dec 31, 2022 | -33.64% |
| Sep 30, 2022 | -24.05% |
| Jun 30, 2022 | -16.75% |
| Mar 31, 2022 | -12.34% |
| Dec 31, 2021 | -9.63% |
| Sep 30, 2021 | -7.23% |
| Jun 30, 2021 | -7.21% |
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();