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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and ECARX Holdings Inc. (ECX). Click either name above to swap in a different company.

ALLIANCE ENTERTAINMENT HOLDING CORP is the larger business by last-quarter revenue ($368.7M vs $323.3M, roughly 1.1× ECARX Holdings Inc.). ALLIANCE ENTERTAINMENT HOLDING CORP runs the higher net margin — 2.5% vs -21.4%, a 23.9% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -6.3%). ALLIANCE ENTERTAINMENT HOLDING CORP produced more free cash flow last quarter ($-16.9M vs $-86.5M).

Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.

ECARX Holdings Inc. is a global mobility technology provider specializing in integrated smart vehicle solutions, including in-vehicle infotainment systems, advanced driver assistance technologies, and connected car cloud services. It primarily partners with automotive manufacturers across the world, with a strong operational presence in the Chinese and European markets.

AENT vs ECX — Head-to-Head

Bigger by revenue
AENT
AENT
1.1× larger
AENT
$368.7M
$323.3M
ECX
Growing faster (revenue YoY)
ECX
ECX
+12.9% gap
ECX
6.5%
-6.3%
AENT
Higher net margin
AENT
AENT
23.9% more per $
AENT
2.5%
-21.4%
ECX
More free cash flow
AENT
AENT
$69.6M more FCF
AENT
$-16.9M
$-86.5M
ECX

Income Statement — Q2 FY2026 vs Q2 FY2025

Metric
AENT
AENT
ECX
ECX
Revenue
$368.7M
$323.3M
Net Profit
$9.4M
$-69.1M
Gross Margin
15.5%
Operating Margin
4.7%
-20.2%
Net Margin
2.5%
-21.4%
Revenue YoY
-6.3%
6.5%
Net Profit YoY
32.8%
12.8%
EPS (diluted)
$0.18
$-0.20

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AENT
AENT
ECX
ECX
Q4 25
$368.7M
Q3 25
$254.0M
Q2 25
$227.8M
$323.3M
Q1 25
$213.0M
Q4 24
$393.7M
Q3 24
$229.0M
Q2 24
$236.9M
$303.5M
Q1 24
$211.2M
Net Profit
AENT
AENT
ECX
ECX
Q4 25
$9.4M
Q3 25
$4.9M
Q2 25
$5.8M
$-69.1M
Q1 25
$1.9M
Q4 24
$7.1M
Q3 24
$397.0K
Q2 24
$2.5M
$-79.2M
Q1 24
$-3.4M
Gross Margin
AENT
AENT
ECX
ECX
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
22.6%
Q1 24
Operating Margin
AENT
AENT
ECX
ECX
Q4 25
4.7%
Q3 25
4.2%
Q2 25
4.3%
-20.2%
Q1 25
1.7%
Q4 24
3.8%
Q3 24
0.9%
Q2 24
0.2%
-22.2%
Q1 24
-0.3%
Net Margin
AENT
AENT
ECX
ECX
Q4 25
2.5%
Q3 25
1.9%
Q2 25
2.5%
-21.4%
Q1 25
0.9%
Q4 24
1.8%
Q3 24
0.2%
Q2 24
1.1%
-26.1%
Q1 24
-1.6%
EPS (diluted)
AENT
AENT
ECX
ECX
Q4 25
$0.18
Q3 25
$0.10
Q2 25
$0.11
$-0.20
Q1 25
$0.04
Q4 24
$0.14
Q3 24
$0.01
Q2 24
$0.05
$-0.23
Q1 24
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AENT
AENT
ECX
ECX
Cash + ST InvestmentsLiquidity on hand
$86.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$117.6M
$-293.7M
Total Assets
$434.1M
$494.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AENT
AENT
ECX
ECX
Q4 25
Q3 25
Q2 25
$86.2M
Q1 25
Q4 24
Q3 24
$4.3M
Q2 24
$1.1M
$108.4M
Q1 24
$1.6M
Stockholders' Equity
AENT
AENT
ECX
ECX
Q4 25
$117.6M
Q3 25
$108.1M
Q2 25
$103.2M
$-293.7M
Q1 25
$97.4M
Q4 24
$95.6M
Q3 24
$88.0M
Q2 24
$87.6M
$-198.5M
Q1 24
$85.1M
Total Assets
AENT
AENT
ECX
ECX
Q4 25
$434.1M
Q3 25
$383.0M
Q2 25
$361.2M
$494.9M
Q1 25
$349.4M
Q4 24
$401.7M
Q3 24
$395.7M
Q2 24
$340.8M
$555.0M
Q1 24
$324.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AENT
AENT
ECX
ECX
Operating Cash FlowLast quarter
$-16.5M
$-82.0M
Free Cash FlowOCF − Capex
$-16.9M
$-86.5M
FCF MarginFCF / Revenue
-4.6%
-26.7%
Capex IntensityCapex / Revenue
0.1%
1.4%
Cash ConversionOCF / Net Profit
-1.76×
TTM Free Cash FlowTrailing 4 quarters
$-1.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AENT
AENT
ECX
ECX
Q4 25
$-16.5M
Q3 25
$2.7M
Q2 25
$10.7M
$-82.0M
Q1 25
$2.5M
Q4 24
$25.3M
Q3 24
$-11.6M
Q2 24
$9.7M
$-57.1M
Q1 24
$20.0M
Free Cash Flow
AENT
AENT
ECX
ECX
Q4 25
$-16.9M
Q3 25
$2.4M
Q2 25
$10.7M
$-86.5M
Q1 25
$2.4M
Q4 24
Q3 24
$-11.6M
Q2 24
$-64.9M
Q1 24
$20.0M
FCF Margin
AENT
AENT
ECX
ECX
Q4 25
-4.6%
Q3 25
0.9%
Q2 25
4.7%
-26.7%
Q1 25
1.1%
Q4 24
Q3 24
-5.1%
Q2 24
-21.4%
Q1 24
9.4%
Capex Intensity
AENT
AENT
ECX
ECX
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.0%
1.4%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
2.6%
Q1 24
0.0%
Cash Conversion
AENT
AENT
ECX
ECX
Q4 25
-1.76×
Q3 25
0.56×
Q2 25
1.86×
Q1 25
1.33×
Q4 24
3.57×
Q3 24
-29.31×
Q2 24
3.85×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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