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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and Pediatrix Medical Group, Inc. (MD). Click either name above to swap in a different company.

Pediatrix Medical Group, Inc. is the larger business by last-quarter revenue ($493.8M vs $323.3M, roughly 1.5× ECARX Holdings Inc.). Pediatrix Medical Group, Inc. runs the higher net margin — 6.8% vs -21.4%, a 28.2% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -1.7%).

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.

Pediatrix Medical Group, Inc. is a leading U.S. specialized medical service provider focusing on maternal-fetal care, neonatology, pediatric cardiology and other pediatric subspecialties. It partners with U.S. healthcare facilities to deliver evidence-based care to women, newborns and children.

ECX vs MD — Head-to-Head

Bigger by revenue
MD
MD
1.5× larger
MD
$493.8M
$323.3M
ECX
Growing faster (revenue YoY)
ECX
ECX
+8.2% gap
ECX
6.5%
-1.7%
MD
Higher net margin
MD
MD
28.2% more per $
MD
6.8%
-21.4%
ECX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ECX
ECX
MD
MD
Revenue
$323.3M
$493.8M
Net Profit
$-69.1M
$33.7M
Gross Margin
15.5%
Operating Margin
-20.2%
9.9%
Net Margin
-21.4%
6.8%
Revenue YoY
6.5%
-1.7%
Net Profit YoY
12.8%
10.5%
EPS (diluted)
$-0.20
$0.40

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
MD
MD
Q4 25
$493.8M
Q3 25
$492.9M
Q2 25
$323.3M
$468.8M
Q1 25
$458.4M
Q4 24
$502.4M
Q3 24
$511.2M
Q2 24
$303.5M
$504.3M
Q1 24
$495.1M
Net Profit
ECX
ECX
MD
MD
Q4 25
$33.7M
Q3 25
$71.7M
Q2 25
$-69.1M
$39.3M
Q1 25
$20.7M
Q4 24
$30.5M
Q3 24
$19.4M
Q2 24
$-79.2M
$-153.0M
Q1 24
$4.0M
Gross Margin
ECX
ECX
MD
MD
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
22.6%
Q1 24
Operating Margin
ECX
ECX
MD
MD
Q4 25
9.9%
Q3 25
13.8%
Q2 25
-20.2%
12.8%
Q1 25
7.0%
Q4 24
7.8%
Q3 24
6.6%
Q2 24
-22.2%
-31.3%
Q1 24
3.2%
Net Margin
ECX
ECX
MD
MD
Q4 25
6.8%
Q3 25
14.5%
Q2 25
-21.4%
8.4%
Q1 25
4.5%
Q4 24
6.1%
Q3 24
3.8%
Q2 24
-26.1%
-30.3%
Q1 24
0.8%
EPS (diluted)
ECX
ECX
MD
MD
Q4 25
$0.40
Q3 25
$0.84
Q2 25
$-0.20
$0.46
Q1 25
$0.24
Q4 24
$0.37
Q3 24
$0.23
Q2 24
$-0.23
$-1.84
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
MD
MD
Cash + ST InvestmentsLiquidity on hand
$86.2M
$375.2M
Total DebtLower is stronger
$570.5M
Stockholders' EquityBook value
$-293.7M
$865.9M
Total Assets
$494.9M
$2.2B
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
MD
MD
Q4 25
$375.2M
Q3 25
$340.1M
Q2 25
$86.2M
$224.7M
Q1 25
$99.0M
Q4 24
$229.9M
Q3 24
$103.8M
Q2 24
$108.4M
$19.4M
Q1 24
$8.0M
Total Debt
ECX
ECX
MD
MD
Q4 25
$570.5M
Q3 25
$577.2M
Q2 25
$583.9M
Q1 25
$590.5M
Q4 24
$597.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ECX
ECX
MD
MD
Q4 25
$865.9M
Q3 25
$890.7M
Q2 25
$-293.7M
$833.8M
Q1 25
$789.2M
Q4 24
$764.9M
Q3 24
$732.5M
Q2 24
$-198.5M
$706.5M
Q1 24
$856.2M
Total Assets
ECX
ECX
MD
MD
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$494.9M
$2.1B
Q1 25
$2.0B
Q4 24
$2.2B
Q3 24
$2.1B
Q2 24
$555.0M
$2.0B
Q1 24
$2.2B
Debt / Equity
ECX
ECX
MD
MD
Q4 25
0.66×
Q3 25
0.65×
Q2 25
0.70×
Q1 25
0.75×
Q4 24
0.78×
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
MD
MD
Operating Cash FlowLast quarter
$-82.0M
$114.1M
Free Cash FlowOCF − Capex
$-86.5M
FCF MarginFCF / Revenue
-26.7%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
3.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
MD
MD
Q4 25
$114.1M
Q3 25
$137.3M
Q2 25
$-82.0M
$137.2M
Q1 25
$-117.5M
Q4 24
$133.0M
Q3 24
$91.8M
Q2 24
$-57.1M
$107.0M
Q1 24
$-125.2M
Free Cash Flow
ECX
ECX
MD
MD
Q4 25
Q3 25
Q2 25
$-86.5M
Q1 25
Q4 24
Q3 24
Q2 24
$-64.9M
Q1 24
FCF Margin
ECX
ECX
MD
MD
Q4 25
Q3 25
Q2 25
-26.7%
Q1 25
Q4 24
Q3 24
Q2 24
-21.4%
Q1 24
Capex Intensity
ECX
ECX
MD
MD
Q4 25
Q3 25
Q2 25
1.4%
Q1 25
Q4 24
Q3 24
Q2 24
2.6%
Q1 24
Cash Conversion
ECX
ECX
MD
MD
Q4 25
3.39×
Q3 25
1.91×
Q2 25
3.49×
Q1 25
-5.66×
Q4 24
4.36×
Q3 24
4.72×
Q2 24
Q1 24
-31.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECX
ECX

Segment breakdown not available.

MD
MD

Health Care Patient Service$421.6M85%
Hospitals Contracts$70.0M14%
Other$2.2M0%

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