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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and HELIOS TECHNOLOGIES, INC. (HLIO). Click either name above to swap in a different company.

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $220.3M, roughly 1.5× HELIOS TECHNOLOGIES, INC.). HELIOS TECHNOLOGIES, INC. runs the higher net margin — 4.7% vs -21.4%, a 26.0% gap on every dollar of revenue. On growth, HELIOS TECHNOLOGIES, INC. posted the faster year-over-year revenue change (13.3% vs 6.5%). HELIOS TECHNOLOGIES, INC. produced more free cash flow last quarter ($18.6M 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.

Helios and Matheson Analytics Inc. was a publicly traded data analytics company based in New York City, New York. The company became widely known during its final years for acquiring and subsequently operating MoviePass, which ultimately led to the company's bankruptcy.

ECX vs HLIO — Head-to-Head

Bigger by revenue
ECX
ECX
1.5× larger
ECX
$323.3M
$220.3M
HLIO
Growing faster (revenue YoY)
HLIO
HLIO
+6.8% gap
HLIO
13.3%
6.5%
ECX
Higher net margin
HLIO
HLIO
26.0% more per $
HLIO
4.7%
-21.4%
ECX
More free cash flow
HLIO
HLIO
$105.1M more FCF
HLIO
$18.6M
$-86.5M
ECX

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
ECX
ECX
HLIO
HLIO
Revenue
$323.3M
$220.3M
Net Profit
$-69.1M
$10.3M
Gross Margin
15.5%
33.1%
Operating Margin
-20.2%
0.6%
Net Margin
-21.4%
4.7%
Revenue YoY
6.5%
13.3%
Net Profit YoY
12.8%
-9.6%
EPS (diluted)
$-0.20
$0.31

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
HLIO
HLIO
Q3 25
$220.3M
Q2 25
$323.3M
$212.5M
Q1 25
$195.5M
Q4 24
$179.5M
Q3 24
$194.5M
Q2 24
$303.5M
$219.9M
Q1 24
$212.0M
Q3 23
$201.4M
Net Profit
ECX
ECX
HLIO
HLIO
Q3 25
$10.3M
Q2 25
$-69.1M
$11.4M
Q1 25
$7.3M
Q4 24
$4.8M
Q3 24
$11.4M
Q2 24
$-79.2M
$13.6M
Q1 24
$9.2M
Q3 23
$3.5M
Gross Margin
ECX
ECX
HLIO
HLIO
Q3 25
33.1%
Q2 25
15.5%
31.8%
Q1 25
30.6%
Q4 24
30.1%
Q3 24
31.1%
Q2 24
22.6%
32.1%
Q1 24
31.7%
Q3 23
29.6%
Operating Margin
ECX
ECX
HLIO
HLIO
Q3 25
0.6%
Q2 25
-20.2%
10.3%
Q1 25
8.7%
Q4 24
7.4%
Q3 24
11.4%
Q2 24
-22.2%
11.8%
Q1 24
9.6%
Q3 23
6.9%
Net Margin
ECX
ECX
HLIO
HLIO
Q3 25
4.7%
Q2 25
-21.4%
5.4%
Q1 25
3.7%
Q4 24
2.7%
Q3 24
5.9%
Q2 24
-26.1%
6.2%
Q1 24
4.3%
Q3 23
1.7%
EPS (diluted)
ECX
ECX
HLIO
HLIO
Q3 25
$0.31
Q2 25
$-0.20
$0.34
Q1 25
$0.22
Q4 24
$0.14
Q3 24
$0.34
Q2 24
$-0.23
$0.41
Q1 24
$0.28
Q3 23
$0.11

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
HLIO
HLIO
Cash + ST InvestmentsLiquidity on hand
$86.2M
$54.9M
Total DebtLower is stronger
$420.0M
Stockholders' EquityBook value
$-293.7M
$917.9M
Total Assets
$494.9M
$1.6B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
HLIO
HLIO
Q3 25
$54.9M
Q2 25
$86.2M
$53.0M
Q1 25
$45.9M
Q4 24
$44.1M
Q3 24
$46.7M
Q2 24
$108.4M
$45.0M
Q1 24
$37.3M
Q3 23
$35.2M
Total Debt
ECX
ECX
HLIO
HLIO
Q3 25
$420.0M
Q2 25
$437.2M
Q1 25
$446.7M
Q4 24
$450.6M
Q3 24
$484.7M
Q2 24
$504.0M
Q1 24
$521.8M
Q3 23
$545.2M
Stockholders' Equity
ECX
ECX
HLIO
HLIO
Q3 25
$917.9M
Q2 25
$-293.7M
$911.7M
Q1 25
$881.2M
Q4 24
$864.4M
Q3 24
$885.5M
Q2 24
$-198.5M
$866.5M
Q1 24
$856.6M
Q3 23
$842.0M
Total Assets
ECX
ECX
HLIO
HLIO
Q3 25
$1.6B
Q2 25
$494.9M
$1.6B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.6B
Q2 24
$555.0M
$1.6B
Q1 24
$1.6B
Q3 23
$1.6B
Debt / Equity
ECX
ECX
HLIO
HLIO
Q3 25
0.46×
Q2 25
0.48×
Q1 25
0.51×
Q4 24
0.52×
Q3 24
0.55×
Q2 24
0.58×
Q1 24
0.61×
Q3 23
0.65×

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
HLIO
HLIO
Operating Cash FlowLast quarter
$-82.0M
$25.3M
Free Cash FlowOCF − Capex
$-86.5M
$18.6M
FCF MarginFCF / Revenue
-26.7%
8.4%
Capex IntensityCapex / Revenue
1.4%
3.0%
Cash ConversionOCF / Net Profit
2.46×
TTM Free Cash FlowTrailing 4 quarters
$91.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
HLIO
HLIO
Q3 25
$25.3M
Q2 25
$-82.0M
$37.0M
Q1 25
$19.0M
Q4 24
$35.7M
Q3 24
$34.8M
Q2 24
$-57.1M
$33.8M
Q1 24
$17.8M
Q3 23
$37.9M
Free Cash Flow
ECX
ECX
HLIO
HLIO
Q3 25
$18.6M
Q2 25
$-86.5M
$31.6M
Q1 25
$12.9M
Q4 24
$28.2M
Q3 24
$28.8M
Q2 24
$-64.9M
$25.8M
Q1 24
$12.3M
Q3 23
$32.1M
FCF Margin
ECX
ECX
HLIO
HLIO
Q3 25
8.4%
Q2 25
-26.7%
14.9%
Q1 25
6.6%
Q4 24
15.7%
Q3 24
14.8%
Q2 24
-21.4%
11.7%
Q1 24
5.8%
Q3 23
15.9%
Capex Intensity
ECX
ECX
HLIO
HLIO
Q3 25
3.0%
Q2 25
1.4%
2.5%
Q1 25
3.1%
Q4 24
4.2%
Q3 24
3.1%
Q2 24
2.6%
3.6%
Q1 24
2.6%
Q3 23
2.9%
Cash Conversion
ECX
ECX
HLIO
HLIO
Q3 25
2.46×
Q2 25
3.25×
Q1 25
2.60×
Q4 24
7.44×
Q3 24
3.05×
Q2 24
2.49×
Q1 24
1.93×
Q3 23
10.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECX
ECX

Segment breakdown not available.

HLIO
HLIO

Hydraulics$141.3M64%
Electronics$79.0M36%

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