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Side-by-side financial comparison of Braemar Hotels & Resorts Inc. (BHR) and ECARX Holdings Inc. (ECX). Click either name above to swap in a different company.

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $165.6M, roughly 2.0× Braemar Hotels & Resorts Inc.). Braemar Hotels & Resorts Inc. runs the higher net margin — -20.3% vs -21.4%, a 1.1% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -4.5%). Braemar Hotels & Resorts Inc. produced more free cash flow last quarter ($-37.1M vs $-86.5M).

Braemar Hotels & Resorts Inc. is a publicly traded real estate investment trust focused on owning and operating premium luxury hotel and resort properties primarily across the United States. It caters to upscale leisure travelers, corporate event planners, and premium business guests, generating revenue via accommodation bookings, on-site amenities, and event hosting.

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.

BHR vs ECX — Head-to-Head

Bigger by revenue
ECX
ECX
2.0× larger
ECX
$323.3M
$165.6M
BHR
Growing faster (revenue YoY)
ECX
ECX
+11.0% gap
ECX
6.5%
-4.5%
BHR
Higher net margin
BHR
BHR
1.1% more per $
BHR
-20.3%
-21.4%
ECX
More free cash flow
BHR
BHR
$49.3M more FCF
BHR
$-37.1M
$-86.5M
ECX

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BHR
BHR
ECX
ECX
Revenue
$165.6M
$323.3M
Net Profit
$-33.6M
$-69.1M
Gross Margin
15.5%
Operating Margin
-7.3%
-20.2%
Net Margin
-20.3%
-21.4%
Revenue YoY
-4.5%
6.5%
Net Profit YoY
-80.1%
12.8%
EPS (diluted)
$-0.67
$-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
BHR
BHR
ECX
ECX
Q4 25
$165.6M
Q3 25
$143.6M
Q2 25
$179.1M
$323.3M
Q1 25
$215.8M
Q4 24
$173.3M
Q3 24
$148.4M
Q2 24
$187.6M
$303.5M
Q1 24
$219.1M
Net Profit
BHR
BHR
ECX
ECX
Q4 25
$-33.6M
Q3 25
$5.7M
Q2 25
$-5.5M
$-69.1M
Q1 25
$11.0M
Q4 24
$-18.7M
Q3 24
$12.6M
Q2 24
$-11.6M
$-79.2M
Q1 24
$15.9M
Gross Margin
BHR
BHR
ECX
ECX
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
22.6%
Q1 24
Operating Margin
BHR
BHR
ECX
ECX
Q4 25
-7.3%
Q3 25
20.8%
Q2 25
10.0%
-20.2%
Q1 25
17.0%
Q4 24
2.2%
Q3 24
47.4%
Q2 24
6.5%
-22.2%
Q1 24
19.4%
Net Margin
BHR
BHR
ECX
ECX
Q4 25
-20.3%
Q3 25
4.0%
Q2 25
-3.1%
-21.4%
Q1 25
5.1%
Q4 24
-10.8%
Q3 24
8.5%
Q2 24
-6.2%
-26.1%
Q1 24
7.3%
EPS (diluted)
BHR
BHR
ECX
ECX
Q4 25
$-0.67
Q3 25
$-0.12
Q2 25
$-0.24
$-0.20
Q1 25
$-0.04
Q4 24
$-0.47
Q3 24
$-0.02
Q2 24
$-0.33
$-0.23
Q1 24
$0.05

Balance Sheet & Financial Strength

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

Metric
BHR
BHR
ECX
ECX
Cash + ST InvestmentsLiquidity on hand
$124.4M
$86.2M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$138.7M
$-293.7M
Total Assets
$1.9B
$494.9M
Debt / EquityLower = less leverage
7.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHR
BHR
ECX
ECX
Q4 25
$124.4M
Q3 25
$116.3M
Q2 25
$80.2M
$86.2M
Q1 25
$81.7M
Q4 24
$135.5M
Q3 24
$168.7M
Q2 24
$114.6M
$108.4M
Q1 24
$137.1M
Total Debt
BHR
BHR
ECX
ECX
Q4 25
$1.1B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.1B
Q1 24
$1.2B
Stockholders' Equity
BHR
BHR
ECX
ECX
Q4 25
$138.7M
Q3 25
$211.9M
Q2 25
$225.1M
$-293.7M
Q1 25
$238.9M
Q4 24
$240.7M
Q3 24
$276.9M
Q2 24
$282.3M
$-198.5M
Q1 24
$307.3M
Total Assets
BHR
BHR
ECX
ECX
Q4 25
$1.9B
Q3 25
$2.0B
Q2 25
$2.1B
$494.9M
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.2B
Q2 24
$2.2B
$555.0M
Q1 24
$2.3B
Debt / Equity
BHR
BHR
ECX
ECX
Q4 25
7.96×
Q3 25
5.50×
Q2 25
5.38×
Q1 25
5.03×
Q4 24
5.03×
Q3 24
4.36×
Q2 24
4.00×
Q1 24
3.98×

Cash Flow & Capital Efficiency

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

Metric
BHR
BHR
ECX
ECX
Operating Cash FlowLast quarter
$40.8M
$-82.0M
Free Cash FlowOCF − Capex
$-37.1M
$-86.5M
FCF MarginFCF / Revenue
-22.4%
-26.7%
Capex IntensityCapex / Revenue
47.1%
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-59.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHR
BHR
ECX
ECX
Q4 25
$40.8M
Q3 25
$-5.8M
Q2 25
$23.0M
$-82.0M
Q1 25
$15.1M
Q4 24
$66.8M
Q3 24
$9.0K
Q2 24
$24.1M
$-57.1M
Q1 24
$36.0M
Free Cash Flow
BHR
BHR
ECX
ECX
Q4 25
$-37.1M
Q3 25
$-27.3M
Q2 25
$5.3M
$-86.5M
Q1 25
$-159.0K
Q4 24
$-3.8M
Q3 24
$-15.6M
Q2 24
$8.2M
$-64.9M
Q1 24
$12.7M
FCF Margin
BHR
BHR
ECX
ECX
Q4 25
-22.4%
Q3 25
-19.0%
Q2 25
3.0%
-26.7%
Q1 25
-0.1%
Q4 24
-2.2%
Q3 24
-10.5%
Q2 24
4.4%
-21.4%
Q1 24
5.8%
Capex Intensity
BHR
BHR
ECX
ECX
Q4 25
47.1%
Q3 25
15.0%
Q2 25
9.9%
1.4%
Q1 25
7.1%
Q4 24
40.7%
Q3 24
10.5%
Q2 24
8.5%
2.6%
Q1 24
10.7%
Cash Conversion
BHR
BHR
ECX
ECX
Q4 25
Q3 25
-1.00×
Q2 25
Q1 25
1.38×
Q4 24
Q3 24
0.00×
Q2 24
Q1 24
2.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BHR
BHR

Occupancy$97.4M59%
Food And Beverage$45.5M28%
Hotel Other$22.6M14%

ECX
ECX

Segment breakdown not available.

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