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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and Hudson Pacific Properties, Inc. (HPP). Click either name above to swap in a different company.

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $256.0M, roughly 1.3× Hudson Pacific Properties, Inc.). ECARX Holdings Inc. runs the higher net margin — -21.4% vs -109.4%, a 88.1% gap on every dollar of revenue. On growth, Hudson Pacific Properties, Inc. posted the faster year-over-year revenue change (22.1% vs 6.5%).

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.

Hudson Pacific Properties is a real estate investment trust with 15.8 million square feet of office buildings, 1.5 million square feet of sound stages, and undeveloped rights for 3 million square feet of additional commercial property. Its properties are on the West Coast of the United States and Vancouver. It is organized in Maryland and headquartered in Los Angeles. It is the largest independent operator of sound stages in Los Angeles.

ECX vs HPP — Head-to-Head

Bigger by revenue
ECX
ECX
1.3× larger
ECX
$323.3M
$256.0M
HPP
Growing faster (revenue YoY)
HPP
HPP
+15.6% gap
HPP
22.1%
6.5%
ECX
Higher net margin
ECX
ECX
88.1% more per $
ECX
-21.4%
-109.4%
HPP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ECX
ECX
HPP
HPP
Revenue
$323.3M
$256.0M
Net Profit
$-69.1M
$-280.2M
Gross Margin
15.5%
60.0%
Operating Margin
-20.2%
-109.8%
Net Margin
-21.4%
-109.4%
Revenue YoY
6.5%
22.1%
Net Profit YoY
12.8%
-61.5%
EPS (diluted)
$-0.20
$-11.57

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
HPP
HPP
Q4 25
$256.0M
Q3 25
$186.6M
Q2 25
$323.3M
$190.0M
Q1 25
$198.5M
Q4 24
$209.7M
Q3 24
$200.4M
Q2 24
$303.5M
$218.0M
Q1 24
$214.0M
Net Profit
ECX
ECX
HPP
HPP
Q4 25
$-280.2M
Q3 25
$-144.1M
Q2 25
$-69.1M
$-87.8M
Q1 25
$-80.3M
Q4 24
$-173.5M
Q3 24
$-107.0M
Q2 24
$-79.2M
$-47.6M
Q1 24
$-53.4M
Gross Margin
ECX
ECX
HPP
HPP
Q4 25
60.0%
Q3 25
44.3%
Q2 25
15.5%
43.1%
Q1 25
42.9%
Q4 24
44.7%
Q3 24
42.7%
Q2 24
22.6%
48.0%
Q1 24
48.6%
Operating Margin
ECX
ECX
HPP
HPP
Q4 25
-109.8%
Q3 25
-77.2%
Q2 25
-20.2%
-46.0%
Q1 25
-40.4%
Q4 24
-83.2%
Q3 24
-52.3%
Q2 24
-22.2%
-21.6%
Q1 24
-24.9%
Net Margin
ECX
ECX
HPP
HPP
Q4 25
-109.4%
Q3 25
-77.2%
Q2 25
-21.4%
-46.2%
Q1 25
-40.5%
Q4 24
-82.7%
Q3 24
-53.4%
Q2 24
-26.1%
-21.8%
Q1 24
-24.9%
EPS (diluted)
ECX
ECX
HPP
HPP
Q4 25
$-11.57
Q3 25
$-0.30
Q2 25
$-0.20
$-0.41
Q1 25
$-0.53
Q4 24
$-1.19
Q3 24
$-0.69
Q2 24
$-0.23
$-0.33
Q1 24
$-0.37

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
HPP
HPP
Cash + ST InvestmentsLiquidity on hand
$86.2M
$138.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-293.7M
$3.0B
Total Assets
$494.9M
$7.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
HPP
HPP
Q4 25
$138.4M
Q3 25
$190.4M
Q2 25
$86.2M
$236.0M
Q1 25
$86.5M
Q4 24
$63.3M
Q3 24
$90.7M
Q2 24
$108.4M
$78.5M
Q1 24
$114.3M
Stockholders' Equity
ECX
ECX
HPP
HPP
Q4 25
$3.0B
Q3 25
$3.2B
Q2 25
$-293.7M
$3.4B
Q1 25
$2.8B
Q4 24
$2.9B
Q3 24
$3.0B
Q2 24
$-198.5M
$3.1B
Q1 24
$3.2B
Total Assets
ECX
ECX
HPP
HPP
Q4 25
$7.3B
Q3 25
$7.8B
Q2 25
$494.9M
$8.1B
Q1 25
$8.0B
Q4 24
$8.1B
Q3 24
$8.3B
Q2 24
$555.0M
$8.4B
Q1 24
$8.3B

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
HPP
HPP
Operating Cash FlowLast quarter
$-82.0M
$121.0M
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
HPP
HPP
Q4 25
$121.0M
Q3 25
$33.2M
Q2 25
$-82.0M
$-2.0M
Q1 25
$30.5M
Q4 24
$164.7M
Q3 24
$63.7M
Q2 24
$-57.1M
$35.6M
Q1 24
$65.1M
Free Cash Flow
ECX
ECX
HPP
HPP
Q4 25
Q3 25
Q2 25
$-86.5M
Q1 25
Q4 24
Q3 24
Q2 24
$-64.9M
Q1 24
FCF Margin
ECX
ECX
HPP
HPP
Q4 25
Q3 25
Q2 25
-26.7%
Q1 25
Q4 24
Q3 24
Q2 24
-21.4%
Q1 24
Capex Intensity
ECX
ECX
HPP
HPP
Q4 25
Q3 25
Q2 25
1.4%
Q1 25
Q4 24
Q3 24
Q2 24
2.6%
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.

HPP
HPP

Core Office$217.1M85%
Studio Segment$21.8M9%
Ancillary Revenue$20.2M8%
Chargebacks$3.3M1%

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