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Ford Motor vs NIO: revenue, profit, margins and growth compared

Ford Motor brought in $187.3B of revenue in fiscal 2025, NIO $12.5B in fiscal 2025. Revenue changed by +1.2% at Ford Motor and +38.9% at NIO on the year before, so NIO grew faster. Ford Motor kept -4.4% of its revenue as net profit, NIO -17.8%. Free cash flow was $12.5B at Ford Motor and -$439.4M at NIO.

Side by side, latest fiscal year

FNIO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$187.3B$12.5B
Revenue growth+1.2%+38.9%
Net income-$8.2B-$2.2B
Net margin-4.4%-17.8%
Free cash flow$12.5B-$439.4M
Free cash flow margin6.7%-3.5%
Earnings per share (diluted)-$2.06-$0.98
Cash$23.4B$1.6B
Debtn/a$1.3B
Price to earningsn/an/a
Market value$48.5B$9B
Dividend yield6.06%n/a
Rank by revenue in sector#1 of 587 · Industrials#51 of 587 · Industrials

Over the years

Revenue
F FY2018: $160.3BF FY2019: $155.9BF FY2020: $127.1BF FY2021: $136.3BF FY2022: $158.1BF FY2023: $176.2BF FY2024: $185BF FY2025: $187.3BNIO FY2018: $720.1MNIO FY2019: $1.1BNIO FY2020: $2.5BNIO FY2021: $5.7BNIO FY2022: $7.1BNIO FY2023: $7.8BNIO FY2024: $9BNIO FY2025: $12.5BFY18FY19FY20FY21FY22FY23FY24FY25
F $187.3BNIO $12.5B
Net income
F FY2018: $3.7BF FY2019: $47MF FY2020: -$1.3BF FY2021: $17.9BF FY2022: -$2BF FY2023: $4.3BF FY2024: $5.9BF FY2025: -$8.2BNIO FY2018: -$3.4BNIO FY2019: -$1.6BNIO FY2020: -$859.9MNIO FY2021: -$1.7BNIO FY2022: -$2.1BNIO FY2023: -$3BNIO FY2024: -$3.1BNIO FY2025: -$2.2BFY18FY19FY20FY21FY22FY23FY24FY25
F -$8.2BNIO -$2.2B
Net margin
F FY2018: 2.3%F FY2019: 0.0%F FY2020: -1.0%F FY2021: 13.2%F FY2022: -1.3%F FY2023: 2.5%F FY2024: 3.2%F FY2025: -4.4%NIO FY2018: -471.2%NIO FY2019: -145.9%NIO FY2020: -34.5%NIO FY2021: -29.3%NIO FY2022: -29.6%NIO FY2023: -38.0%NIO FY2024: -34.5%NIO FY2025: -17.8%FY18FY19FY20FY21FY22FY23FY24FY25
F -4.4%NIO -17.8%
Revenue growth
F FY2019: -2.8%F FY2020: -18.4%F FY2021: +7.2%F FY2022: +15.9%F FY2023: +11.5%F FY2024: +5.0%F FY2025: +1.2%NIO FY2019: +56.1%NIO FY2020: +121.7%NIO FY2021: +127.6%NIO FY2022: +26.0%NIO FY2023: +9.7%NIO FY2024: +15.0%NIO FY2025: +38.9%FY19FY20FY21FY22FY23FY24FY25
F +1.2%NIO +38.9%
Free cash flow
F FY2018: $7.2BF FY2019: $10BF FY2020: $18.5BF FY2021: $9.6BF FY2022: -$13MF FY2023: $6.7BF FY2024: $6.7BF FY2025: $12.5BNIO FY2019: -$1.5BNIO FY2020: $126.2MNIO FY2021: -$331.5MNIO FY2022: -$1.6BNIO FY2023: -$2.2BNIO FY2024: -$2.3BNIO FY2025: -$439.4MFY18FY19FY20FY21FY22FY23FY24FY25
F $12.5BNIO -$439.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Ford Motor and NIO

Which is bigger by revenue, Ford Motor or NIO?

Ford Motor is bigger by revenue: $187.3B in fiscal 2025, against $12.5B for NIO in fiscal 2025.

Which keeps more of its revenue as profit, Ford Motor or NIO?

Ford Motor had a net margin of -4.4% in fiscal 2025; NIO had -17.8% in fiscal 2025.

Which grew revenue faster, Ford Motor or NIO?

In their latest fiscal years revenue changed by +1.2% at Ford Motor and +38.9% at NIO.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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