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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and FOX FACTORY HOLDING CORP (FOXF). Click either name above to swap in a different company.
FOX FACTORY HOLDING CORP is the larger business by last-quarter revenue ($376.4M vs $323.3M, roughly 1.2× ECARX Holdings Inc.). FOX FACTORY HOLDING CORP runs the higher net margin — -0.2% vs -21.4%, a 21.2% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs 4.8%). FOX FACTORY HOLDING CORP produced more free cash flow last quarter ($-2.5M 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.
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
ECX vs FOXF — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $323.3M | $376.4M |
| Net Profit | $-69.1M | $-634.0K |
| Gross Margin | 15.5% | 30.4% |
| Operating Margin | -20.2% | 4.0% |
| Net Margin | -21.4% | -0.2% |
| Revenue YoY | 6.5% | 4.8% |
| Net Profit YoY | 12.8% | -113.3% |
| EPS (diluted) | $-0.20 | $-0.02 |
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.
| Q4 25 | — | $376.4M | ||
| Q3 25 | — | $374.9M | ||
| Q2 25 | $323.3M | $355.0M | ||
| Q1 25 | — | $352.8M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | $303.5M | $348.5M | ||
| Q1 24 | — | $333.5M | ||
| Q4 23 | — | $332.5M |
| Q4 25 | — | $-634.0K | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | $-69.1M | $-259.7M | ||
| Q1 25 | — | $-141.0K | ||
| Q3 24 | — | $4.8M | ||
| Q2 24 | $-79.2M | $5.4M | ||
| Q1 24 | — | $-3.5M | ||
| Q4 23 | — | $4.1M |
| Q4 25 | — | 30.4% | ||
| Q3 25 | — | 31.2% | ||
| Q2 25 | 15.5% | 30.9% | ||
| Q1 25 | — | 28.9% | ||
| Q3 24 | — | 29.9% | ||
| Q2 24 | 22.6% | 31.8% | ||
| Q1 24 | — | 30.9% | ||
| Q4 23 | — | 27.7% |
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | -20.2% | -70.6% | ||
| Q1 25 | — | 3.2% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | -22.2% | 5.3% | ||
| Q1 24 | — | 2.7% | ||
| Q4 23 | — | 3.4% |
| Q4 25 | — | -0.2% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | -21.4% | -73.1% | ||
| Q1 25 | — | -0.0% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | -26.1% | 1.6% | ||
| Q1 24 | — | -1.0% | ||
| Q4 23 | — | 1.2% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | $-0.20 | $-6.23 | ||
| Q1 25 | — | $0.00 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | $-0.23 | $0.13 | ||
| Q1 24 | — | $-0.08 | ||
| Q4 23 | — | $0.10 |
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 | — |
| Total DebtLower is stronger | — | $536.7M |
| Stockholders' EquityBook value | $-293.7M | $956.0M |
| Total Assets | $494.9M | $2.0B |
| Debt / EquityLower = less leverage | — | 0.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $86.2M | — | ||
| Q1 25 | — | $71.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | $108.4M | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | $83.6M |
| Q4 25 | — | $536.7M | ||
| Q3 25 | — | $541.8M | ||
| Q2 25 | — | $546.9M | ||
| Q1 25 | — | $552.1M | ||
| Q3 24 | — | $558.4M | ||
| Q2 24 | — | $564.1M | ||
| Q1 24 | — | $370.4M | ||
| Q4 23 | — | $373.5M |
| Q4 25 | — | $956.0M | ||
| Q3 25 | — | $958.7M | ||
| Q2 25 | $-293.7M | $939.9M | ||
| Q1 25 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $-198.5M | $1.2B | ||
| Q1 24 | — | $1.2B | ||
| Q4 23 | — | $1.2B |
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $494.9M | $1.9B | ||
| Q1 25 | — | $2.2B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $555.0M | $2.3B | ||
| Q1 24 | — | $2.2B | ||
| Q4 23 | — | $2.2B |
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.31× | ||
| Q4 23 | — | 0.31× |
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 | $5.3M |
| Free Cash FlowOCF − Capex | $-86.5M | $-2.5M |
| FCF MarginFCF / Revenue | -26.7% | -0.7% |
| Capex IntensityCapex / Revenue | 1.4% | 2.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $85.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.3M | ||
| Q3 25 | — | $36.8M | ||
| Q2 25 | $-82.0M | $680.0K | ||
| Q1 25 | — | $81.7M | ||
| Q3 24 | — | $14.1M | ||
| Q2 24 | $-57.1M | $26.7M | ||
| Q1 24 | — | $9.4M | ||
| Q4 23 | — | $52.1M |
| Q4 25 | — | $-2.5M | ||
| Q3 25 | — | $24.6M | ||
| Q2 25 | $-86.5M | $-6.5M | ||
| Q1 25 | — | $69.8M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | $-64.9M | $15.4M | ||
| Q1 24 | — | $-555.0K | ||
| Q4 23 | — | $37.3M |
| Q4 25 | — | -0.7% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | -26.7% | -1.8% | ||
| Q1 25 | — | 19.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | -21.4% | 4.4% | ||
| Q1 24 | — | -0.2% | ||
| Q4 23 | — | 11.2% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | 1.4% | 2.0% | ||
| Q1 25 | — | 3.4% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | 2.6% | 3.2% | ||
| Q1 24 | — | 3.0% | ||
| Q4 23 | — | 4.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | 13.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 4.94× | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 12.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECX
Segment breakdown not available.
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
