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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and H&R BLOCK INC (HRB). Click either name above to swap in a different company.

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $198.9M, roughly 1.6× H&R BLOCK INC). ECARX Holdings Inc. runs the higher net margin — -21.4% vs -121.8%, a 100.4% gap on every dollar of revenue. On growth, H&R BLOCK INC posted the faster year-over-year revenue change (11.1% vs 6.5%). ECARX Holdings Inc. produced more free cash flow last quarter ($-86.5M vs $-649.5M).

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.

H&R Block, Inc., or H&R Block, is an American tax preparation company operating in Canada, the United States, and Australia. The company was founded in 1955 in Kansas City, Missouri, by brothers Henry W. Bloch and Richard Bloch.

ECX vs HRB — Head-to-Head

Bigger by revenue
ECX
ECX
1.6× larger
ECX
$323.3M
$198.9M
HRB
Growing faster (revenue YoY)
HRB
HRB
+4.5% gap
HRB
11.1%
6.5%
ECX
Higher net margin
ECX
ECX
100.4% more per $
ECX
-21.4%
-121.8%
HRB
More free cash flow
ECX
ECX
$563.0M more FCF
ECX
$-86.5M
$-649.5M
HRB

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
ECX
ECX
HRB
HRB
Revenue
$323.3M
$198.9M
Net Profit
$-69.1M
$-242.2M
Gross Margin
15.5%
Operating Margin
-20.2%
-160.5%
Net Margin
-21.4%
-121.8%
Revenue YoY
6.5%
11.1%
Net Profit YoY
12.8%
0.5%
EPS (diluted)
$-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
HRB
HRB
Q4 25
$198.9M
Q3 25
$203.6M
Q2 25
$323.3M
$1.1B
Q1 25
$2.3B
Q4 24
$179.1M
Q3 24
$193.8M
Q2 24
$303.5M
$1.1B
Q1 24
$2.2B
Net Profit
ECX
ECX
HRB
HRB
Q4 25
$-242.2M
Q3 25
$-165.8M
Q2 25
$-69.1M
$299.4M
Q1 25
$722.3M
Q4 24
$-243.4M
Q3 24
$-172.6M
Q2 24
$-79.2M
$257.8M
Q1 24
$690.7M
Gross Margin
ECX
ECX
HRB
HRB
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
57.4%
Q4 24
Q3 24
Q2 24
22.6%
Q1 24
57.6%
Operating Margin
ECX
ECX
HRB
HRB
Q4 25
-160.5%
Q3 25
-106.3%
Q2 25
-20.2%
33.1%
Q1 25
42.1%
Q4 24
-174.4%
Q3 24
-119.8%
Q2 24
-22.2%
33.0%
Q1 24
41.5%
Net Margin
ECX
ECX
HRB
HRB
Q4 25
-121.8%
Q3 25
-81.5%
Q2 25
-21.4%
27.0%
Q1 25
31.7%
Q4 24
-135.9%
Q3 24
-89.0%
Q2 24
-26.1%
24.3%
Q1 24
31.6%
EPS (diluted)
ECX
ECX
HRB
HRB
Q4 25
Q3 25
Q2 25
$-0.20
Q1 25
$5.31
Q4 24
Q3 24
Q2 24
$-0.23
Q1 24
$4.86

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
HRB
HRB
Cash + ST InvestmentsLiquidity on hand
$86.2M
$349.2M
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$-293.7M
$-823.1M
Total Assets
$494.9M
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
HRB
HRB
Q4 25
$349.2M
Q3 25
$376.4M
Q2 25
$86.2M
$983.3M
Q1 25
$772.9M
Q4 24
$320.1M
Q3 24
$415.9M
Q2 24
$108.4M
$1.1B
Q1 24
$794.6M
Total Debt
ECX
ECX
HRB
HRB
Q4 25
$2.4B
Q3 25
$1.7B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.9B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.5B
Stockholders' Equity
ECX
ECX
HRB
HRB
Q4 25
$-823.1M
Q3 25
$-550.9M
Q2 25
$-293.7M
$88.9M
Q1 25
$-192.8M
Q4 24
$-872.5M
Q3 24
$-368.1M
Q2 24
$-198.5M
$90.6M
Q1 24
$-129.8M
Total Assets
ECX
ECX
HRB
HRB
Q4 25
$2.9B
Q3 25
$2.6B
Q2 25
$494.9M
$3.3B
Q1 25
$3.2B
Q4 24
$2.7B
Q3 24
$2.5B
Q2 24
$555.0M
$3.2B
Q1 24
$3.2B
Debt / Equity
ECX
ECX
HRB
HRB
Q4 25
Q3 25
Q2 25
12.86×
Q1 25
Q4 24
Q3 24
Q2 24
16.46×
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
HRB
HRB
Operating Cash FlowLast quarter
$-82.0M
$-614.0M
Free Cash FlowOCF − Capex
$-86.5M
$-649.5M
FCF MarginFCF / Revenue
-26.7%
-326.6%
Capex IntensityCapex / Revenue
1.4%
17.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$524.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
HRB
HRB
Q4 25
$-614.0M
Q3 25
$-356.8M
Q2 25
$-82.0M
$251.6M
Q1 25
$1.3B
Q4 24
$-567.1M
Q3 24
$-328.6M
Q2 24
$-57.1M
$300.6M
Q1 24
$1.4B
Free Cash Flow
ECX
ECX
HRB
HRB
Q4 25
$-649.5M
Q3 25
$-370.0M
Q2 25
$-86.5M
$241.3M
Q1 25
$1.3B
Q4 24
$-597.4M
Q3 24
$-347.3M
Q2 24
$-64.9M
$290.7M
Q1 24
$1.3B
FCF Margin
ECX
ECX
HRB
HRB
Q4 25
-326.6%
Q3 25
-181.8%
Q2 25
-26.7%
21.7%
Q1 25
57.2%
Q4 24
-333.6%
Q3 24
-179.2%
Q2 24
-21.4%
27.4%
Q1 24
61.4%
Capex Intensity
ECX
ECX
HRB
HRB
Q4 25
17.9%
Q3 25
6.5%
Q2 25
1.4%
0.9%
Q1 25
1.0%
Q4 24
17.0%
Q3 24
9.7%
Q2 24
2.6%
0.9%
Q1 24
1.0%
Cash Conversion
ECX
ECX
HRB
HRB
Q4 25
Q3 25
Q2 25
0.84×
Q1 25
1.83×
Q4 24
Q3 24
Q2 24
1.17×
Q1 24
1.97×

Financial Flow Comparison

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

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