Net margin is calculated as Net Income divided by its Revenue. NIO's Net Income for the
three
months ended in Mar. 2026 was MXN-1,298 Mil. NIO's Revenue for the
three
months ended in Mar. 2026 was MXN66,804 Mil. Therefore, NIO's net margin for the quarter that ended in Mar. 2026 was -1.94%.
The historical rank and industry rank for NIO's Net Margin % or its related term are showing as below:
MEX:NION'
s Net Margin % Range Over the Past 10 Years
Min: -195.12 Med: -34.49 Max: -8.96
Current: -8.96
MEX:NION's Net Margin % is ranked worse than 88.31% of 1326
companies
in the Vehicles & Parts industry
Industry Median: 3.205
vs MEX:NION: -8.96
NIO (MEX:NION) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
NIO Net Margin % Related Terms
NIO Net Margin % Historical Data
* Premium members only.
The historical data trend for NIO's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:NION vs LI, XPEV, VFS: Net Margin % Comparison
For the Auto Manufacturers subindustry, NIO's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NIO Net Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, NIO's Net Margin % distribution charts can be found below:
* The bar in red indicates where NIO's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NIO (MEX:NION) has a Net Margin % of -1.94% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on NIO and its competitors. According to the industry distribution chart, NIO ranks #1171 out of 1326 companies in the Vehicles & Parts industry, placing it in the top 88.3%.
Is NIO's Net Margin % too high?
NIO's current Net Margin % is -1.94%. Based on the distribution chart, NIO ranks #1171 out of 1326 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, NIO has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NIO's Net Margin % compare to LI and XPEV?
According to the Vehicles & Parts industry distribution chart, NIO ranks #1171 out of 1326 companies for Net Margin %. This places NIO in the lower half of its industry. The industry median Net Margin % is 3.21. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Vehicles & Parts company?
The median Net Margin % among Vehicles & Parts companies is 3.21, based on 1,326 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on NIO and its competitors. For the Vehicles & Parts industry, the median Net Margin % is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIO's current Net Margin % is -1.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIO stock overvalued right now?
Based on GuruFocus' analysis, NIO (MEX:NION) is currently considered Possible Value Trap. The stock's GF Value™ is MXN130.12, compared to a current price of MXN86.82 — trading 33.3% below its estimated fair value. The current Net Margin % is -1.94%. NIO's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For NIO (MEX:NION), the current Net Margin % is -1.94% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NIO (MEX:NION) Overvalued in 2026?
Based on GuruFocus' analysis, NIO stock appears to be undervalued.
The current stock price of MXN86.82 is trading 33.3% below its estimated GF Value™ of MXN130.12.
GuruFocus considers NIO to be Possible Value Trap.
Key valuation signals for MEX:NION:
Net Margin %: -1.94%
GF Value™: MXN130.12 vs. price of MXN86.82 (33.3% below fair value)
No single metric tells the full story. See the MEX:NION stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations, such as battery swapping and autonomous driving. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold around 326,000 EVs in 2025, accounting for about 2% of China's passenger new energy vehicle market.
77GF Score
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