Companies: 10,795·Total market cap: $144.5T
NIO Inc.

NIO Inc.

NIONYSEConsumer Cyclical● Active
$5.45
+$0.09(+1.68%)
Market Cap$12.8B
P/E Ratio—
52W High$8.02
52W Low$3.34
Free Cash FlowFinancialsRevenue

NIO Inc. (NIO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NIO · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was −$3.07B for FY2025 (fiscal year ending 2025-12-31), up 81.9% year-over-year The FCF margin was -3.6%.

FY2025 Free Cash Flow−$3.07B▲ +81.9% YoY
Trailing 12M (TTM)−$16.50Btrailing 4 quarters sum
FCF Margin-3.6%−$3.07B ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
nio free cash flow history · nio free cash flow chart · nio free cash flow growth rate · nio free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest−$3.07B▲ +81.9%-3.6%
FY2024−$16.99B▼ 8.1%-25.9%
FY2023−$15.72B▼ 45.1%-28.3%
FY2022−$10.84B▼ 413.1%-22.0%
FY2021−$2.11B▼ 356.6%-5.8%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
nio free cash flow 2025 · nio free cash flow 2024 · nio free cash flow 2023 · nio operating cash flow

FCF valuation metrics

NIO Inc. (NIO) reported negative free cash flow of −$3.07B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)
N/A
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
N/A
TTM FCF ÷ Shares Outstanding
Price / FCF
N/A
Share Price ÷ FCF per Share
EV / FCF (TTM)
N/A
Enterprise Value basis
!

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
nio price to free cash flow · nio free cash flow yield · nio free cash flow per share · nio price to cash flow ratio

Cash flow statement summary

For FY2025, NIO Inc. generated $2.99B in operating cash flow and spent 6.07B in capital expenditures, yielding −$3.07B in free cash flow.

Operating Activities
+$2.99B
Cash from core business operations
2025-12-31
Investing Activities
−$11.46B
CapEx, acquisitions & investments
2025-12-31
Financing Activities
+$6.84B
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($2.99B) − |CapEx| (6.07B) = FCF (−$3.07B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
nio cash flow statement · nio cash flow statement 2025 · nio operating cash flow · nio cash flow from operations

Free cash flow vs peers (Consumer Cyclical)

#CompanyFree Cash FlowYoY
#1
NIO Inc.
NIO Inc.YOU
NIO
−$3.07B+81.9%
#2
Toyota Motor Corporation
Toyota Motor Corporation
TM
$592.05B+137.9%#3
The Home Depot, Inc.
The Home Depot, Inc.
HD
$12.65B-22.5%#4
Amazon.com, Inc.
Amazon.com, Inc.
AMZN
$7.70B-76.6%#5
Tesla, Inc.
Tesla, Inc.
TSLA
$6.22B+73.7%#6
Alibaba Group Holding Limited
Alibaba Group Holding Limited
BABA
−$50.72B-164.9%
Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

NIO Inc. (NIO) reported free cash flow of −$3.07B for FY2025 (fiscal year ending 2025-12-31), up 81.9% year-over-year. The FCF margin was -3.6%.

Based on available data, NIO Inc. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $823.2M in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

NIO free cash flow · 8 questions

NIO Inc. free cash flow was −$3.07B for FY2025, up 81.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$16.50B.

NIO free cash flowNIO FCFNIO FCF 2025NIO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · NIO Inc. · NIO Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026