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

Howard Hughes Holdings Inc. is the larger business by last-quarter revenue ($624.4M vs $323.3M, roughly 1.9× ECARX Holdings Inc.). Howard Hughes Holdings Inc. runs the higher net margin — 1.0% vs -21.4%, a 22.3% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M 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.

Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.

ECX vs HHH — Head-to-Head

Bigger by revenue
HHH
HHH
1.9× larger
HHH
$624.4M
$323.3M
ECX
Growing faster (revenue YoY)
ECX
ECX
+39.7% gap
ECX
6.5%
-33.2%
HHH
Higher net margin
HHH
HHH
22.3% more per $
HHH
1.0%
-21.4%
ECX
More free cash flow
HHH
HHH
$435.1M more FCF
HHH
$348.6M
$-86.5M
ECX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ECX
ECX
HHH
HHH
Revenue
$323.3M
$624.4M
Net Profit
$-69.1M
$6.0M
Gross Margin
15.5%
Operating Margin
-20.2%
4.2%
Net Margin
-21.4%
1.0%
Revenue YoY
6.5%
-33.2%
Net Profit YoY
12.8%
-96.2%
EPS (diluted)
$-0.20
$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
ECX
ECX
HHH
HHH
Q4 25
$624.4M
Q3 25
$390.2M
Q2 25
$323.3M
$260.9M
Q1 25
$199.3M
Q4 24
$935.0M
Q3 24
$327.1M
Q2 24
$303.5M
$317.4M
Q1 24
$171.1M
Net Profit
ECX
ECX
HHH
HHH
Q4 25
$6.0M
Q3 25
$119.5M
Q2 25
$-69.1M
$-12.1M
Q1 25
$10.5M
Q4 24
$156.3M
Q3 24
$72.8M
Q2 24
$-79.2M
$21.1M
Q1 24
$-52.5M
Gross Margin
ECX
ECX
HHH
HHH
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
22.6%
Q1 24
Operating Margin
ECX
ECX
HHH
HHH
Q4 25
4.2%
Q3 25
48.6%
Q2 25
-20.2%
26.0%
Q1 25
24.0%
Q4 24
33.5%
Q3 24
60.6%
Q2 24
-22.2%
20.4%
Q1 24
-9.8%
Net Margin
ECX
ECX
HHH
HHH
Q4 25
1.0%
Q3 25
30.6%
Q2 25
-21.4%
-4.7%
Q1 25
5.3%
Q4 24
16.7%
Q3 24
22.2%
Q2 24
-26.1%
6.6%
Q1 24
-30.7%
EPS (diluted)
ECX
ECX
HHH
HHH
Q4 25
$0.20
Q3 25
$2.02
Q2 25
$-0.20
$-0.22
Q1 25
$0.21
Q4 24
$3.14
Q3 24
$1.46
Q2 24
$-0.23
$0.42
Q1 24
$-1.06

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
HHH
HHH
Cash + ST InvestmentsLiquidity on hand
$86.2M
$1.5B
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$-293.7M
$3.8B
Total Assets
$494.9M
$10.6B
Debt / EquityLower = less leverage
1.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
HHH
HHH
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$86.2M
$1.4B
Q1 25
$493.7M
Q4 24
$596.1M
Q3 24
$400.7M
Q2 24
$108.4M
$436.8M
Q1 24
$462.7M
Total Debt
ECX
ECX
HHH
HHH
Q4 25
$5.1B
Q3 25
Q2 25
Q1 25
Q4 24
$5.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ECX
ECX
HHH
HHH
Q4 25
$3.8B
Q3 25
$3.8B
Q2 25
$-293.7M
$3.6B
Q1 25
$2.8B
Q4 24
$2.8B
Q3 24
$2.6B
Q2 24
$-198.5M
$3.0B
Q1 24
$2.9B
Total Assets
ECX
ECX
HHH
HHH
Q4 25
$10.6B
Q3 25
$10.7B
Q2 25
$494.9M
$10.3B
Q1 25
$9.3B
Q4 24
$9.2B
Q3 24
$9.4B
Q2 24
$555.0M
$9.9B
Q1 24
$9.6B
Debt / Equity
ECX
ECX
HHH
HHH
Q4 25
1.35×
Q3 25
Q2 25
Q1 25
Q4 24
1.85×
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
ECX
ECX
HHH
HHH
Operating Cash FlowLast quarter
$-82.0M
$360.3M
Free Cash FlowOCF − Capex
$-86.5M
$348.6M
FCF MarginFCF / Revenue
-26.7%
55.8%
Capex IntensityCapex / Revenue
1.4%
1.9%
Cash ConversionOCF / Net Profit
60.04×
TTM Free Cash FlowTrailing 4 quarters
$417.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
HHH
HHH
Q4 25
$360.3M
Q3 25
$149.8M
Q2 25
$-82.0M
$177.3M
Q1 25
$-224.9M
Q4 24
$337.1M
Q3 24
$248.3M
Q2 24
$-57.1M
$-17.5M
Q1 24
$-171.2M
Free Cash Flow
ECX
ECX
HHH
HHH
Q4 25
$348.6M
Q3 25
$137.7M
Q2 25
$-86.5M
$169.7M
Q1 25
$-238.4M
Q4 24
$317.1M
Q3 24
$238.7M
Q2 24
$-64.9M
$-25.1M
Q1 24
$-182.0M
FCF Margin
ECX
ECX
HHH
HHH
Q4 25
55.8%
Q3 25
35.3%
Q2 25
-26.7%
65.1%
Q1 25
-119.6%
Q4 24
33.9%
Q3 24
73.0%
Q2 24
-21.4%
-7.9%
Q1 24
-106.4%
Capex Intensity
ECX
ECX
HHH
HHH
Q4 25
1.9%
Q3 25
3.1%
Q2 25
1.4%
2.9%
Q1 25
6.8%
Q4 24
2.1%
Q3 24
2.9%
Q2 24
2.6%
2.4%
Q1 24
6.3%
Cash Conversion
ECX
ECX
HHH
HHH
Q4 25
60.04×
Q3 25
1.25×
Q2 25
Q1 25
-21.35×
Q4 24
2.16×
Q3 24
3.41×
Q2 24
-0.83×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECX
ECX

Segment breakdown not available.

HHH
HHH

Transferred At Point In Time$499.8M80%
Operating Assets Segment$117.9M19%
Builder Price Participation$12.9M2%

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