vs

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

CNA FINANCIAL CORP is the larger business by last-quarter revenue ($389.0M vs $323.3M, roughly 1.2× ECARX Holdings Inc.). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs -21.4%, a 99.0% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -2.0%). CNA FINANCIAL CORP produced more free cash flow last quarter ($542.0M vs $-86.5M).

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.

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.

CNA vs ECX — Head-to-Head

Bigger by revenue
CNA
CNA
1.2× larger
CNA
$389.0M
$323.3M
ECX
Growing faster (revenue YoY)
ECX
ECX
+8.5% gap
ECX
6.5%
-2.0%
CNA
Higher net margin
CNA
CNA
99.0% more per $
CNA
77.6%
-21.4%
ECX
More free cash flow
CNA
CNA
$628.5M more FCF
CNA
$542.0M
$-86.5M
ECX

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
CNA
CNA
ECX
ECX
Revenue
$389.0M
$323.3M
Net Profit
$302.0M
$-69.1M
Gross Margin
15.5%
Operating Margin
97.2%
-20.2%
Net Margin
77.6%
-21.4%
Revenue YoY
-2.0%
6.5%
Net Profit YoY
1338.1%
12.8%
EPS (diluted)
$1.11
$-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
CNA
CNA
ECX
ECX
Q4 25
$389.0M
Q3 25
$393.0M
Q2 25
$398.0M
$323.3M
Q1 25
$397.0M
Q4 24
$397.0M
Q3 24
$401.0M
Q2 24
$404.0M
$303.5M
Q1 24
$407.0M
Net Profit
CNA
CNA
ECX
ECX
Q4 25
$302.0M
Q3 25
$403.0M
Q2 25
$299.0M
$-69.1M
Q1 25
$274.0M
Q4 24
$21.0M
Q3 24
$283.0M
Q2 24
$317.0M
$-79.2M
Q1 24
$338.0M
Gross Margin
CNA
CNA
ECX
ECX
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
22.6%
Q1 24
Operating Margin
CNA
CNA
ECX
ECX
Q4 25
97.2%
Q3 25
Q2 25
95.5%
-20.2%
Q1 25
87.9%
Q4 24
5.3%
Q3 24
90.0%
Q2 24
99.5%
-22.2%
Q1 24
Net Margin
CNA
CNA
ECX
ECX
Q4 25
77.6%
Q3 25
102.5%
Q2 25
75.1%
-21.4%
Q1 25
69.0%
Q4 24
5.3%
Q3 24
70.6%
Q2 24
78.5%
-26.1%
Q1 24
83.0%
EPS (diluted)
CNA
CNA
ECX
ECX
Q4 25
$1.11
Q3 25
$1.48
Q2 25
$1.10
$-0.20
Q1 25
$1.00
Q4 24
$0.07
Q3 24
$1.04
Q2 24
$1.17
$-0.23
Q1 24
$1.24

Balance Sheet & Financial Strength

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

Metric
CNA
CNA
ECX
ECX
Cash + ST InvestmentsLiquidity on hand
$86.2M
Total DebtLower is stronger
$3.0B
Stockholders' EquityBook value
$11.6B
$-293.7M
Total Assets
$69.4B
$494.9M
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNA
CNA
ECX
ECX
Q4 25
Q3 25
Q2 25
$86.2M
Q1 25
Q4 24
Q3 24
Q2 24
$108.4M
Q1 24
Total Debt
CNA
CNA
ECX
ECX
Q4 25
$3.0B
Q3 25
Q2 25
Q1 25
Q4 24
$3.0B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CNA
CNA
ECX
ECX
Q4 25
$11.6B
Q3 25
$11.3B
Q2 25
$10.7B
$-293.7M
Q1 25
$10.3B
Q4 24
$10.5B
Q3 24
$10.8B
Q2 24
$9.9B
$-198.5M
Q1 24
$9.7B
Total Assets
CNA
CNA
ECX
ECX
Q4 25
$69.4B
Q3 25
$69.8B
Q2 25
$68.9B
$494.9M
Q1 25
$67.3B
Q4 24
$66.5B
Q3 24
$67.4B
Q2 24
$65.2B
$555.0M
Q1 24
$65.1B
Debt / Equity
CNA
CNA
ECX
ECX
Q4 25
0.26×
Q3 25
Q2 25
Q1 25
Q4 24
0.28×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
CNA
CNA
ECX
ECX
Operating Cash FlowLast quarter
$570.0M
$-82.0M
Free Cash FlowOCF − Capex
$542.0M
$-86.5M
FCF MarginFCF / Revenue
139.3%
-26.7%
Capex IntensityCapex / Revenue
7.2%
1.4%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNA
CNA
ECX
ECX
Q4 25
$570.0M
Q3 25
$720.0M
Q2 25
$562.0M
$-82.0M
Q1 25
$638.0M
Q4 24
$703.0M
Q3 24
$748.0M
Q2 24
$616.0M
$-57.1M
Q1 24
$504.0M
Free Cash Flow
CNA
CNA
ECX
ECX
Q4 25
$542.0M
Q3 25
$704.0M
Q2 25
$538.0M
$-86.5M
Q1 25
$620.0M
Q4 24
$665.0M
Q3 24
$730.0M
Q2 24
$597.0M
$-64.9M
Q1 24
$484.0M
FCF Margin
CNA
CNA
ECX
ECX
Q4 25
139.3%
Q3 25
179.1%
Q2 25
135.2%
-26.7%
Q1 25
156.2%
Q4 24
167.5%
Q3 24
182.0%
Q2 24
147.8%
-21.4%
Q1 24
118.9%
Capex Intensity
CNA
CNA
ECX
ECX
Q4 25
7.2%
Q3 25
4.1%
Q2 25
6.0%
1.4%
Q1 25
4.5%
Q4 24
9.6%
Q3 24
4.5%
Q2 24
4.7%
2.6%
Q1 24
4.9%
Cash Conversion
CNA
CNA
ECX
ECX
Q4 25
1.89×
Q3 25
1.79×
Q2 25
1.88×
Q1 25
2.33×
Q4 24
33.48×
Q3 24
2.64×
Q2 24
1.94×
Q1 24
1.49×

Financial Flow Comparison

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

Related Comparisons