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Stocks Comparison

NIO vs Oshkosh: revenue, profit, margins and growth compared

NIO brought in $12.5B of revenue in fiscal 2025, Oshkosh $10.4B in fiscal 2025. Revenue changed by +38.9% at NIO and -2.9% at Oshkosh on the year before, so NIO grew faster. NIO kept -17.8% of its revenue as net profit, Oshkosh 6.2%. Free cash flow was -$439.4M at NIO and $618M at Oshkosh.

Side by side, latest fiscal year

NIOOSK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$12.5B$10.4B
Revenue growth+38.9%-2.9%
Net income-$2.2B$647M
Net margin-17.8%6.2%
Free cash flow-$439.4M$618M
Free cash flow margin-3.5%5.9%
Earnings per share (diluted)-$0.98n/a
Cash$1.6B$479.8M
Debt$1.3B$1.1B
Price to earningsn/an/a
Market value$8.1B$8.6B
Dividend yieldn/a1.47%
Rank by revenue in sector#51 of 603 · Industrials#67 of 603 · Industrials

Over the years

Revenue
NIO FY2018: $720.1MNIO FY2019: $1.1BNIO FY2020: $2.5BNIO FY2021: $5.7BNIO FY2022: $7.1BNIO FY2023: $7.8BNIO FY2024: $9BNIO FY2025: $12.5BOSK FY2018: $7.7BOSK FY2019: $8.4BOSK FY2020: $6.9BOSK FY2021: $7.7BOSK FY2022: $8.3BOSK FY2023: $9.7BOSK FY2024: $10.7BOSK FY2025: $10.4BFY18FY19FY20FY21FY22FY23FY24FY25
NIO $12.5BOSK $10.4B
Net income
NIO FY2018: -$3.4BNIO FY2019: -$1.6BNIO FY2020: -$859.9MNIO FY2021: -$1.7BNIO FY2022: -$2.1BNIO FY2023: -$3BNIO FY2024: -$3.1BNIO FY2025: -$2.2BOSK FY2018: $471.9MOSK FY2019: $579.4MOSK FY2020: $321.5MOSK FY2021: $508.9MOSK FY2022: $173.9MOSK FY2023: $598MOSK FY2024: $681.4MOSK FY2025: $647MFY18FY19FY20FY21FY22FY23FY24FY25
NIO -$2.2BOSK $647M
Net margin
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%OSK FY2018: 6.1%OSK FY2019: 6.9%OSK FY2020: 4.7%OSK FY2021: 6.6%OSK FY2022: 2.1%OSK FY2023: 6.2%OSK FY2024: 6.4%OSK FY2025: 6.2%FY18FY19FY20FY21FY22FY23FY24FY25
NIO -17.8%OSK 6.2%
Revenue growth
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%OSK FY2019: +8.8%OSK FY2020: -18.2%OSK FY2021: +12.8%OSK FY2023: +16.6%OSK FY2024: +11.1%OSK FY2025: -2.9%FY19FY20FY21FY22FY23FY24FY25
NIO +38.9%OSK -2.9%
Free cash flow
NIO FY2019: -$1.5BNIO FY2020: $126.2MNIO FY2021: -$331.5MNIO FY2022: -$1.6BNIO FY2023: -$2.2BNIO FY2024: -$2.3BNIO FY2025: -$439.4MOSK FY2018: $341MOSK FY2019: $420.7MOSK FY2020: $215MOSK FY2021: $1.1BOSK FY2022: $331.8MOSK FY2023: $274.3MOSK FY2024: $269.1MOSK FY2025: $618MFY18FY19FY20FY21FY22FY23FY24FY25
NIO -$439.4MOSK $618M

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

Questions about NIO and Oshkosh

Which is bigger by revenue, NIO or Oshkosh?

NIO is bigger by revenue: $12.5B in fiscal 2025, against $10.4B for Oshkosh in fiscal 2025.

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

NIO had a net margin of -17.8% in fiscal 2025; Oshkosh had 6.2% in fiscal 2025.

Which grew revenue faster, NIO or Oshkosh?

In their latest fiscal years revenue changed by +38.9% at NIO and -2.9% at Oshkosh.

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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