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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and FinVolution Group (FINV). Click either name above to swap in a different company.
FinVolution Group is the larger business by last-quarter revenue ($479.7M vs $323.3M, roughly 1.5× ECARX Holdings Inc.). FinVolution Group runs the higher net margin — 21.2% vs -21.4%, a 42.6% gap on every dollar of revenue. FinVolution Group produced more free cash flow last quarter ($70.6M 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.
Volution Group plc is a manufacturer of ventilation equipment for commercial and residential customers. Based in Crawley, West Sussex, the company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
ECX vs FINV — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2025
| Metric | | |
|---|---|---|
| Revenue | $323.3M | $479.7M |
| Net Profit | $-69.1M | $101.7M |
| Gross Margin | 15.5% | — |
| Operating Margin | -20.2% | 44.6% |
| Net Margin | -21.4% | 21.2% |
| Revenue YoY | 6.5% | — |
| Net Profit YoY | 12.8% | — |
| EPS (diluted) | $-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.
| Q2 25 | $323.3M | — | ||
| Q1 25 | — | $479.7M | ||
| Q2 24 | $303.5M | — |
| Q2 25 | $-69.1M | — | ||
| Q1 25 | — | $101.7M | ||
| Q2 24 | $-79.2M | — |
| Q2 25 | 15.5% | — | ||
| Q1 25 | — | — | ||
| Q2 24 | 22.6% | — |
| Q2 25 | -20.2% | — | ||
| Q1 25 | — | 44.6% | ||
| Q2 24 | -22.2% | — |
| Q2 25 | -21.4% | — | ||
| Q1 25 | — | 21.2% | ||
| Q2 24 | -26.1% | — |
| Q2 25 | $-0.20 | — | ||
| Q1 25 | — | — | ||
| Q2 24 | $-0.23 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $86.2M | $745.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-293.7M | — |
| Total Assets | $494.9M | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $86.2M | — | ||
| Q1 25 | — | $745.0M | ||
| Q2 24 | $108.4M | — |
| Q2 25 | $-293.7M | — | ||
| Q1 25 | — | — | ||
| Q2 24 | $-198.5M | — |
| Q2 25 | $494.9M | — | ||
| Q1 25 | — | $3.4B | ||
| Q2 24 | $555.0M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-82.0M | $72.0M |
| Free Cash FlowOCF − Capex | $-86.5M | $70.6M |
| FCF MarginFCF / Revenue | -26.7% | 14.7% |
| Capex IntensityCapex / Revenue | 1.4% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 0.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $-82.0M | — | ||
| Q1 25 | — | $72.0M | ||
| Q2 24 | $-57.1M | — |
| Q2 25 | $-86.5M | — | ||
| Q1 25 | — | $70.6M | ||
| Q2 24 | $-64.9M | — |
| Q2 25 | -26.7% | — | ||
| Q1 25 | — | 14.7% | ||
| Q2 24 | -21.4% | — |
| Q2 25 | 1.4% | — | ||
| Q1 25 | — | 0.3% | ||
| Q2 24 | 2.6% | — |
| Q2 25 | — | — | ||
| Q1 25 | — | 0.71× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
