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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and HighPeak Energy, Inc. (HPK). Click either name above to swap in a different company.

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $216.6M, roughly 1.5× HighPeak Energy, Inc.). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -21.4%, a 9.7% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -23.3%).

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.

Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.

ECX vs HPK — Head-to-Head

Bigger by revenue
ECX
ECX
1.5× larger
ECX
$323.3M
$216.6M
HPK
Growing faster (revenue YoY)
ECX
ECX
+29.8% gap
ECX
6.5%
-23.3%
HPK
Higher net margin
HPK
HPK
9.7% more per $
HPK
-11.6%
-21.4%
ECX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ECX
ECX
HPK
HPK
Revenue
$323.3M
$216.6M
Net Profit
$-69.1M
$-25.2M
Gross Margin
15.5%
Operating Margin
-20.2%
-7.6%
Net Margin
-21.4%
-11.6%
Revenue YoY
6.5%
-23.3%
Net Profit YoY
12.8%
-380.7%
EPS (diluted)
$-0.20
$-0.16

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
HPK
HPK
Q4 25
$216.6M
Q3 25
$188.9M
Q2 25
$323.3M
$200.4M
Q1 25
$257.4M
Q4 24
$282.6M
Q3 24
$271.6M
Q2 24
$303.5M
$275.3M
Q1 24
$287.8M
Net Profit
ECX
ECX
HPK
HPK
Q4 25
$-25.2M
Q3 25
$-18.3M
Q2 25
$-69.1M
$26.2M
Q1 25
$36.3M
Q4 24
$9.0M
Q3 24
$49.9M
Q2 24
$-79.2M
$29.7M
Q1 24
$6.4M
Gross Margin
ECX
ECX
HPK
HPK
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
22.6%
Q1 24
Operating Margin
ECX
ECX
HPK
HPK
Q4 25
-7.6%
Q3 25
17.3%
Q2 25
-20.2%
21.7%
Q1 25
35.1%
Q4 24
26.1%
Q3 24
27.0%
Q2 24
-22.2%
31.7%
Q1 24
35.8%
Net Margin
ECX
ECX
HPK
HPK
Q4 25
-11.6%
Q3 25
-9.7%
Q2 25
-21.4%
13.1%
Q1 25
14.1%
Q4 24
3.2%
Q3 24
18.4%
Q2 24
-26.1%
10.8%
Q1 24
2.2%
EPS (diluted)
ECX
ECX
HPK
HPK
Q4 25
$-0.16
Q3 25
$-0.15
Q2 25
$-0.20
$0.19
Q1 25
$0.26
Q4 24
$0.06
Q3 24
$0.35
Q2 24
$-0.23
$0.21
Q1 24
$0.05

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
HPK
HPK
Cash + ST InvestmentsLiquidity on hand
$86.2M
$162.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$-293.7M
$1.6B
Total Assets
$494.9M
$3.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
HPK
HPK
Q4 25
$162.1M
Q3 25
$164.9M
Q2 25
$86.2M
$21.9M
Q1 25
$51.6M
Q4 24
$86.6M
Q3 24
$135.6M
Q2 24
$108.4M
$157.9M
Q1 24
$173.4M
Total Debt
ECX
ECX
HPK
HPK
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
ECX
ECX
HPK
HPK
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$-293.7M
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$-198.5M
$1.6B
Q1 24
$1.5B
Total Assets
ECX
ECX
HPK
HPK
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$494.9M
$3.1B
Q1 25
$3.1B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$555.0M
$3.1B
Q1 24
$3.1B
Debt / Equity
ECX
ECX
HPK
HPK
Q4 25
0.75×
Q3 25
0.73×
Q2 25
0.62×
Q1 25
0.63×
Q4 24
0.65×
Q3 24
0.67×
Q2 24
0.70×
Q1 24
0.73×

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
HPK
HPK
Operating Cash FlowLast quarter
$-82.0M
$93.1M
Free Cash FlowOCF − Capex
$-86.5M
FCF MarginFCF / Revenue
-26.7%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
HPK
HPK
Q4 25
$93.1M
Q3 25
$120.2M
Q2 25
$-82.0M
$141.2M
Q1 25
$157.1M
Q4 24
$139.5M
Q3 24
$177.1M
Q2 24
$-57.1M
$202.3M
Q1 24
$171.4M
Free Cash Flow
ECX
ECX
HPK
HPK
Q4 25
Q3 25
Q2 25
$-86.5M
Q1 25
Q4 24
Q3 24
Q2 24
$-64.9M
Q1 24
FCF Margin
ECX
ECX
HPK
HPK
Q4 25
Q3 25
Q2 25
-26.7%
Q1 25
Q4 24
Q3 24
Q2 24
-21.4%
Q1 24
Capex Intensity
ECX
ECX
HPK
HPK
Q4 25
Q3 25
Q2 25
1.4%
Q1 25
Q4 24
Q3 24
Q2 24
2.6%
Q1 24
Cash Conversion
ECX
ECX
HPK
HPK
Q4 25
Q3 25
Q2 25
5.39×
Q1 25
4.32×
Q4 24
15.53×
Q3 24
3.55×
Q2 24
6.81×
Q1 24
26.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECX
ECX

Segment breakdown not available.

HPK
HPK

Crude Oil Sales$152.1M70%
Natural Gas And NGL Sales$60.8M28%

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