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

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $273.0M, roughly 1.2× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -21.4%, a 27.0% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 6.5%). ECARX Holdings Inc. produced more free cash flow last quarter ($-86.5M vs $-157.1M).

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.

Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...

ECX vs FOR — Head-to-Head

Bigger by revenue
ECX
ECX
1.2× larger
ECX
$323.3M
$273.0M
FOR
Growing faster (revenue YoY)
FOR
FOR
+2.5% gap
FOR
9.0%
6.5%
ECX
Higher net margin
FOR
FOR
27.0% more per $
FOR
5.6%
-21.4%
ECX
More free cash flow
ECX
ECX
$70.6M more FCF
ECX
$-86.5M
$-157.1M
FOR

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
ECX
ECX
FOR
FOR
Revenue
$323.3M
$273.0M
Net Profit
$-69.1M
$15.4M
Gross Margin
15.5%
20.1%
Operating Margin
-20.2%
7.6%
Net Margin
-21.4%
5.6%
Revenue YoY
6.5%
9.0%
Net Profit YoY
12.8%
-6.7%
EPS (diluted)
$-0.20
$0.30

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
FOR
FOR
Q4 25
$273.0M
Q3 25
$670.5M
Q2 25
$323.3M
$390.5M
Q1 25
$351.0M
Q4 24
$250.4M
Q3 24
$551.3M
Q2 24
$303.5M
$318.4M
Q1 24
$333.8M
Net Profit
ECX
ECX
FOR
FOR
Q4 25
$15.4M
Q3 25
$86.9M
Q2 25
$-69.1M
$32.9M
Q1 25
$31.6M
Q4 24
$16.5M
Q3 24
$81.5M
Q2 24
$-79.2M
$38.7M
Q1 24
$45.0M
Gross Margin
ECX
ECX
FOR
FOR
Q4 25
20.1%
Q3 25
22.3%
Q2 25
15.5%
20.4%
Q1 25
22.6%
Q4 24
22.0%
Q3 24
23.9%
Q2 24
22.6%
22.5%
Q1 24
24.9%
Operating Margin
ECX
ECX
FOR
FOR
Q4 25
7.6%
Q3 25
16.9%
Q2 25
-20.2%
11.2%
Q1 25
11.6%
Q4 24
8.7%
Q3 24
19.7%
Q2 24
-22.2%
16.2%
Q1 24
17.6%
Net Margin
ECX
ECX
FOR
FOR
Q4 25
5.6%
Q3 25
13.0%
Q2 25
-21.4%
8.4%
Q1 25
9.0%
Q4 24
6.6%
Q3 24
14.8%
Q2 24
-26.1%
12.2%
Q1 24
13.5%
EPS (diluted)
ECX
ECX
FOR
FOR
Q4 25
$0.30
Q3 25
$1.70
Q2 25
$-0.20
$0.65
Q1 25
$0.62
Q4 24
$0.32
Q3 24
$1.59
Q2 24
$-0.23
$0.76
Q1 24
$0.89

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
FOR
FOR
Cash + ST InvestmentsLiquidity on hand
$86.2M
$211.7M
Total DebtLower is stronger
$793.2M
Stockholders' EquityBook value
$-293.7M
$1.8B
Total Assets
$494.9M
$3.2B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
FOR
FOR
Q4 25
$211.7M
Q3 25
$379.2M
Q2 25
$86.2M
$189.2M
Q1 25
$174.3M
Q4 24
$132.0M
Q3 24
$481.2M
Q2 24
$108.4M
$359.2M
Q1 24
$416.2M
Total Debt
ECX
ECX
FOR
FOR
Q4 25
$793.2M
Q3 25
$802.7M
Q2 25
$872.8M
Q1 25
$872.5M
Q4 24
$806.8M
Q3 24
$706.4M
Q2 24
$706.1M
Q1 24
$705.7M
Stockholders' Equity
ECX
ECX
FOR
FOR
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$-293.7M
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$-198.5M
$1.5B
Q1 24
$1.5B
Total Assets
ECX
ECX
FOR
FOR
Q4 25
$3.2B
Q3 25
$3.1B
Q2 25
$494.9M
$3.1B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.8B
Q2 24
$555.0M
$2.7B
Q1 24
$2.6B
Debt / Equity
ECX
ECX
FOR
FOR
Q4 25
0.44×
Q3 25
0.45×
Q2 25
0.52×
Q1 25
0.53×
Q4 24
0.50×
Q3 24
0.44×
Q2 24
0.47×
Q1 24
0.48×

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
FOR
FOR
Operating Cash FlowLast quarter
$-82.0M
$-157.0M
Free Cash FlowOCF − Capex
$-86.5M
$-157.1M
FCF MarginFCF / Revenue
-26.7%
-57.5%
Capex IntensityCapex / Revenue
1.4%
0.0%
Cash ConversionOCF / Net Profit
-10.19×
TTM Free Cash FlowTrailing 4 quarters
$93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
FOR
FOR
Q4 25
$-157.0M
Q3 25
$256.3M
Q2 25
$-82.0M
$15.8M
Q1 25
$-19.8M
Q4 24
$-450.0M
Q3 24
$119.2M
Q2 24
$-57.1M
$-61.7M
Q1 24
$-59.2M
Free Cash Flow
ECX
ECX
FOR
FOR
Q4 25
$-157.1M
Q3 25
$255.6M
Q2 25
$-86.5M
$15.0M
Q1 25
$-20.5M
Q4 24
Q3 24
$118.4M
Q2 24
$-64.9M
$-62.3M
Q1 24
$-59.8M
FCF Margin
ECX
ECX
FOR
FOR
Q4 25
-57.5%
Q3 25
38.1%
Q2 25
-26.7%
3.8%
Q1 25
-5.8%
Q4 24
Q3 24
21.5%
Q2 24
-21.4%
-19.6%
Q1 24
-17.9%
Capex Intensity
ECX
ECX
FOR
FOR
Q4 25
0.0%
Q3 25
0.1%
Q2 25
1.4%
0.2%
Q1 25
0.2%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
2.6%
0.2%
Q1 24
0.2%
Cash Conversion
ECX
ECX
FOR
FOR
Q4 25
-10.19×
Q3 25
2.95×
Q2 25
0.48×
Q1 25
-0.63×
Q4 24
-27.27×
Q3 24
1.46×
Q2 24
-1.59×
Q1 24
-1.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECX
ECX

Segment breakdown not available.

FOR
FOR

D.R.Horton Inc.$183.8M67%
Other$89.2M33%

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