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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and QUAKER CHEMICAL CORP (KWR). Click either name above to swap in a different company.

QUAKER CHEMICAL CORP is the larger business by last-quarter revenue ($468.5M vs $323.3M, roughly 1.4× ECARX Holdings Inc.). QUAKER CHEMICAL CORP runs the higher net margin — 4.4% vs -21.4%, a 25.8% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs 5.5%). QUAKER CHEMICAL CORP produced more free cash flow last quarter ($24.3M 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.

Quaker Chemical Corporation, doing business as Quaker Houghton, is an American chemical company that was founded in 1918. It is headquartered in Conshohocken, Pennsylvania. With its global presence in 21 countries and 35 locations worldwide, the company has over 50% of net sales outside of the United States. Quaker Houghton manufactures process fluids for use in the steel, aluminum, metalworking, automotive, mining, aerospace, tube & pipe, can making, and other industrial processes. On August...

ECX vs KWR — Head-to-Head

Bigger by revenue
KWR
KWR
1.4× larger
KWR
$468.5M
$323.3M
ECX
Growing faster (revenue YoY)
ECX
ECX
+1.0% gap
ECX
6.5%
5.5%
KWR
Higher net margin
KWR
KWR
25.8% more per $
KWR
4.4%
-21.4%
ECX
More free cash flow
KWR
KWR
$110.8M more FCF
KWR
$24.3M
$-86.5M
ECX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ECX
ECX
KWR
KWR
Revenue
$323.3M
$468.5M
Net Profit
$-69.1M
$20.7M
Gross Margin
15.5%
35.3%
Operating Margin
-20.2%
6.7%
Net Margin
-21.4%
4.4%
Revenue YoY
6.5%
5.5%
Net Profit YoY
12.8%
45.9%
EPS (diluted)
$-0.20
$1.16

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
KWR
KWR
Q4 25
$468.5M
Q3 25
$493.8M
Q2 25
$323.3M
$483.4M
Q1 25
$442.9M
Q4 24
$444.1M
Q3 24
$462.3M
Q2 24
$303.5M
$463.6M
Q1 24
$469.8M
Net Profit
ECX
ECX
KWR
KWR
Q4 25
$20.7M
Q3 25
$30.5M
Q2 25
$-69.1M
$-66.6M
Q1 25
$12.9M
Q4 24
$14.2M
Q3 24
$32.3M
Q2 24
$-79.2M
$34.9M
Q1 24
$35.2M
Gross Margin
ECX
ECX
KWR
KWR
Q4 25
35.3%
Q3 25
36.6%
Q2 25
15.5%
35.5%
Q1 25
36.4%
Q4 24
35.2%
Q3 24
37.3%
Q2 24
22.6%
37.9%
Q1 24
38.7%
Operating Margin
ECX
ECX
KWR
KWR
Q4 25
6.7%
Q3 25
9.4%
Q2 25
-20.2%
-10.9%
Q1 25
6.2%
Q4 24
6.5%
Q3 24
11.2%
Q2 24
-22.2%
12.6%
Q1 24
11.8%
Net Margin
ECX
ECX
KWR
KWR
Q4 25
4.4%
Q3 25
6.2%
Q2 25
-21.4%
-13.8%
Q1 25
2.9%
Q4 24
3.2%
Q3 24
7.0%
Q2 24
-26.1%
7.5%
Q1 24
7.5%
EPS (diluted)
ECX
ECX
KWR
KWR
Q4 25
$1.16
Q3 25
$1.75
Q2 25
$-0.20
$-3.78
Q1 25
$0.73
Q4 24
$0.81
Q3 24
$1.81
Q2 24
$-0.23
$1.94
Q1 24
$1.95

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
KWR
KWR
Cash + ST InvestmentsLiquidity on hand
$86.2M
$179.8M
Total DebtLower is stronger
$834.9M
Stockholders' EquityBook value
$-293.7M
$1.4B
Total Assets
$494.9M
$2.8B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
KWR
KWR
Q4 25
$179.8M
Q3 25
$172.0M
Q2 25
$86.2M
$201.9M
Q1 25
$186.2M
Q4 24
$188.9M
Q3 24
$212.1M
Q2 24
$108.4M
$188.6M
Q1 24
$195.8M
Total Debt
ECX
ECX
KWR
KWR
Q4 25
$834.9M
Q3 25
Q2 25
Q1 25
Q4 24
$669.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ECX
ECX
KWR
KWR
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$-293.7M
$1.3B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$-198.5M
$1.4B
Q1 24
$1.4B
Total Assets
ECX
ECX
KWR
KWR
Q4 25
$2.8B
Q3 25
$2.8B
Q2 25
$494.9M
$2.8B
Q1 25
$2.7B
Q4 24
$2.6B
Q3 24
$2.7B
Q2 24
$555.0M
$2.7B
Q1 24
$2.7B
Debt / Equity
ECX
ECX
KWR
KWR
Q4 25
0.61×
Q3 25
Q2 25
Q1 25
Q4 24
0.49×
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
KWR
KWR
Operating Cash FlowLast quarter
$-82.0M
$46.5M
Free Cash FlowOCF − Capex
$-86.5M
$24.3M
FCF MarginFCF / Revenue
-26.7%
5.2%
Capex IntensityCapex / Revenue
1.4%
4.7%
Cash ConversionOCF / Net Profit
2.25×
TTM Free Cash FlowTrailing 4 quarters
$80.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
KWR
KWR
Q4 25
$46.5M
Q3 25
$51.4M
Q2 25
$-82.0M
$41.6M
Q1 25
$-3.0M
Q4 24
$63.1M
Q3 24
$68.0M
Q2 24
$-57.1M
$46.3M
Q1 24
$27.2M
Free Cash Flow
ECX
ECX
KWR
KWR
Q4 25
$24.3M
Q3 25
$38.0M
Q2 25
$-86.5M
$33.6M
Q1 25
$-15.4M
Q4 24
$40.6M
Q3 24
$59.8M
Q2 24
$-64.9M
$39.6M
Q1 24
$22.8M
FCF Margin
ECX
ECX
KWR
KWR
Q4 25
5.2%
Q3 25
7.7%
Q2 25
-26.7%
7.0%
Q1 25
-3.5%
Q4 24
9.1%
Q3 24
12.9%
Q2 24
-21.4%
8.6%
Q1 24
4.8%
Capex Intensity
ECX
ECX
KWR
KWR
Q4 25
4.7%
Q3 25
2.7%
Q2 25
1.4%
1.6%
Q1 25
2.8%
Q4 24
5.1%
Q3 24
1.8%
Q2 24
2.6%
1.4%
Q1 24
0.9%
Cash Conversion
ECX
ECX
KWR
KWR
Q4 25
2.25×
Q3 25
1.69×
Q2 25
Q1 25
-0.24×
Q4 24
4.45×
Q3 24
2.10×
Q2 24
1.33×
Q1 24
0.77×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECX
ECX

Segment breakdown not available.

KWR
KWR

Other$260.7M56%
Metalworking And Other$146.4M31%
Metals$61.4M13%

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