TTM
15.7%
YoY change
+3.74pp
Trough year (2019)
-15.3%
Peak year (2021)
18.9%
Latest annual
13.6%
Gross Margin history chart for NIO (NIO) from 2018 to 2025
Latest: 13.6%
Gross Margin change chart for NIO (NIO) from 2018 to 2025
Latest: +3.74pp
Gross Margin history table for NIO (NIO) from 2018 to 2025
| 2025 | 13.6% | +3.74pp | ||
| 2024 | 9.9% | +4.39pp | ||
| 2023 | 5.5% | -4.95pp | ||
| 2022 | 10.4% | -8.44pp | ||
| 2021 | 18.9% | +7.35pp | ||
| 2020 | 11.5% | +26.84pp | ||
| 2019 | -15.3% | -10.15pp | ||
| 2018 | -5.2% | — |
- 202513.6%+3.74pp
- 20249.9%+4.39pp
- 20235.5%-4.95pp
- 202210.4%-8.44pp
- 202118.9%+7.35pp
- 202011.5%+26.84pp
- 2019-15.3%-10.15pp
- 2018-5.2%—
Gross Margin values are taken from NIO's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in CNY as filed.
About Gross Margin at NIO (NIO)
According to NIO's latest reported financial statements, the company's latest reported gross margin is 15.7%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of NIO (NIO) gross margin is 13.62% – expanded 3.7 percentage points year-over-year.
18.88% stands as the all-time-high annual gross margin, posted in 2021, against a low of -15.32% during 2019.
NIO Gross Margin by Year
NIO Gross Margin 2025: 13.6%
NIO gross margin in 2025 was 13.62%, expanded 3.7 percentage points from 2024.
NIO Gross Margin 2024: 9.9%
2024's gross margin for NIO came in at 9.88%, expanded 4.4 percentage points from 2023.
NIO Gross Margin 2023: 5.5%
NIO posted gross margin of 5.49% in 2023, contracted 5.0 percentage points from 2022.
NIO Gross Margin 2022: 10.4%
In 2022, NIO reported gross margin of 10.44%, contracted 8.4 percentage points from 2021.
NIO Gross Margin 2021: 18.9%
NIO gross margin in 2021 was 18.88%.
See more financial history for NIO (NIO).
Sector peers by Gross Margin
Consumer Cyclical peers of NIO (NIO), ranked by their latest gross margin
| 100.0% | |
| 57.4% | |
| 56.0% | |
| 50.6% | |
| 39.8% | |
| 33.1% | |
| 31.4% | |
| 19.1% |
- 100.0%
- 57.4%
- 56.0%
- 50.6%
- 39.8%
- 33.1%
- 31.4%
- 19.1%
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