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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and EAGLE MATERIALS INC (EXP). Click either name above to swap in a different company.

EAGLE MATERIALS INC is the larger business by last-quarter revenue ($556.0M vs $323.3M, roughly 1.7× ECARX Holdings Inc.). EAGLE MATERIALS INC runs the higher net margin — 18.5% vs -21.4%, a 39.9% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -0.4%). EAGLE MATERIALS INC produced more free cash flow last quarter ($60.8M vs $-86.5M).

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.

Eagle Materials Inc. is an American producer of building materials based in Dallas, Texas. The company produces cement, concrete, construction aggregate, gypsum, wallboard, paperboard, and sand for hydraulic fracturing.

ECX vs EXP — Head-to-Head

Bigger by revenue
EXP
EXP
1.7× larger
EXP
$556.0M
$323.3M
ECX
Growing faster (revenue YoY)
ECX
ECX
+6.9% gap
ECX
6.5%
-0.4%
EXP
Higher net margin
EXP
EXP
39.9% more per $
EXP
18.5%
-21.4%
ECX
More free cash flow
EXP
EXP
$147.2M more FCF
EXP
$60.8M
$-86.5M
ECX

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
ECX
ECX
EXP
EXP
Revenue
$323.3M
$556.0M
Net Profit
$-69.1M
$102.9M
Gross Margin
15.5%
28.9%
Operating Margin
-20.2%
Net Margin
-21.4%
18.5%
Revenue YoY
6.5%
-0.4%
Net Profit YoY
12.8%
-13.9%
EPS (diluted)
$-0.20
$3.22

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
ECX
ECX
EXP
EXP
Q4 25
$556.0M
Q3 25
$638.9M
Q2 25
$323.3M
$634.7M
Q1 25
$470.2M
Q4 24
$558.0M
Q3 24
$623.6M
Q2 24
$303.5M
$608.7M
Q1 24
$476.7M
Net Profit
ECX
ECX
EXP
EXP
Q4 25
$102.9M
Q3 25
$137.4M
Q2 25
$-69.1M
$123.4M
Q1 25
$66.5M
Q4 24
$119.6M
Q3 24
$143.5M
Q2 24
$-79.2M
$133.8M
Q1 24
$77.1M
Gross Margin
ECX
ECX
EXP
EXP
Q4 25
28.9%
Q3 25
31.3%
Q2 25
15.5%
29.2%
Q1 25
22.2%
Q4 24
31.9%
Q3 24
32.7%
Q2 24
22.6%
30.7%
Q1 24
25.1%
Operating Margin
ECX
ECX
EXP
EXP
Q4 25
Q3 25
Q2 25
-20.2%
Q1 25
Q4 24
32.8%
Q3 24
34.2%
Q2 24
-22.2%
32.0%
Q1 24
26.9%
Net Margin
ECX
ECX
EXP
EXP
Q4 25
18.5%
Q3 25
21.5%
Q2 25
-21.4%
19.4%
Q1 25
14.1%
Q4 24
21.4%
Q3 24
23.0%
Q2 24
-26.1%
22.0%
Q1 24
16.2%
EPS (diluted)
ECX
ECX
EXP
EXP
Q4 25
$3.22
Q3 25
$4.23
Q2 25
$-0.20
$3.76
Q1 25
$2.01
Q4 24
$3.56
Q3 24
$4.26
Q2 24
$-0.23
$3.94
Q1 24
$2.23

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
EXP
EXP
Cash + ST InvestmentsLiquidity on hand
$86.2M
$419.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-293.7M
$1.5B
Total Assets
$494.9M
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
EXP
EXP
Q4 25
$419.0M
Q3 25
$35.0M
Q2 25
$86.2M
$59.7M
Q1 25
$20.4M
Q4 24
$31.2M
Q3 24
$93.9M
Q2 24
$108.4M
$46.5M
Q1 24
$34.9M
Total Debt
ECX
ECX
EXP
EXP
Q4 25
Q3 25
Q2 25
Q1 25
$1.2B
Q4 24
Q3 24
Q2 24
Q1 24
$1.1B
Stockholders' Equity
ECX
ECX
EXP
EXP
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$-293.7M
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.4B
Q2 24
$-198.5M
$1.4B
Q1 24
$1.3B
Total Assets
ECX
ECX
EXP
EXP
Q4 25
$3.8B
Q3 25
$3.4B
Q2 25
$494.9M
$3.4B
Q1 25
$3.3B
Q4 24
$3.0B
Q3 24
$3.1B
Q2 24
$555.0M
$3.0B
Q1 24
$2.9B
Debt / Equity
ECX
ECX
EXP
EXP
Q4 25
Q3 25
Q2 25
Q1 25
0.86×
Q4 24
Q3 24
Q2 24
Q1 24
0.84×

Cash Flow & Capital Efficiency

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

Metric
ECX
ECX
EXP
EXP
Operating Cash FlowLast quarter
$-82.0M
$170.8M
Free Cash FlowOCF − Capex
$-86.5M
$60.8M
FCF MarginFCF / Revenue
-26.7%
10.9%
Capex IntensityCapex / Revenue
1.4%
19.8%
Cash ConversionOCF / Net Profit
1.66×
TTM Free Cash FlowTrailing 4 quarters
$231.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
EXP
EXP
Q4 25
$170.8M
Q3 25
$204.6M
Q2 25
$-82.0M
$136.6M
Q1 25
$62.8M
Q4 24
$119.9M
Q3 24
$233.3M
Q2 24
$-57.1M
$132.6M
Q1 24
$63.4M
Free Cash Flow
ECX
ECX
EXP
EXP
Q4 25
$60.8M
Q3 25
$96.1M
Q2 25
$-86.5M
$60.5M
Q1 25
$14.5M
Q4 24
$72.5M
Q3 24
$166.8M
Q2 24
$-64.9M
$99.5M
Q1 24
$30.9M
FCF Margin
ECX
ECX
EXP
EXP
Q4 25
10.9%
Q3 25
15.0%
Q2 25
-26.7%
9.5%
Q1 25
3.1%
Q4 24
13.0%
Q3 24
26.7%
Q2 24
-21.4%
16.3%
Q1 24
6.5%
Capex Intensity
ECX
ECX
EXP
EXP
Q4 25
19.8%
Q3 25
17.0%
Q2 25
1.4%
12.0%
Q1 25
10.3%
Q4 24
8.5%
Q3 24
10.7%
Q2 24
2.6%
5.4%
Q1 24
6.8%
Cash Conversion
ECX
ECX
EXP
EXP
Q4 25
1.66×
Q3 25
1.49×
Q2 25
1.11×
Q1 25
0.94×
Q4 24
1.00×
Q3 24
1.63×
Q2 24
0.99×
Q1 24
0.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECX
ECX

Segment breakdown not available.

EXP
EXP

External Customers$283.5M51%
Gypsum Wallboard$175.9M32%
Recycled Paperboard$47.8M9%
Corporate Joint Venture$29.4M5%
Other$11.8M2%
Western Pennsylvania Acquisition$7.6M1%

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