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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and MILLER INDUSTRIES INC (MLR). Click either name above to swap in a different company.

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $171.9M, roughly 1.9× MILLER INDUSTRIES INC). On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -22.5%). MILLER INDUSTRIES INC produced more free cash flow last quarter ($43.8M 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.

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...

ECX vs MLR — Head-to-Head

Bigger by revenue
ECX
ECX
1.9× larger
ECX
$323.3M
$171.9M
MLR
Growing faster (revenue YoY)
ECX
ECX
+29.0% gap
ECX
6.5%
-22.5%
MLR
More free cash flow
MLR
MLR
$130.2M more FCF
MLR
$43.8M
$-86.5M
ECX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ECX
ECX
MLR
MLR
Revenue
$323.3M
$171.9M
Net Profit
$-69.1M
Gross Margin
15.5%
15.4%
Operating Margin
-20.2%
2.9%
Net Margin
-21.4%
Revenue YoY
6.5%
-22.5%
Net Profit YoY
12.8%
EPS (diluted)
$-0.20
$0.29

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
MLR
MLR
Q4 25
$171.9M
Q3 25
$178.7M
Q2 25
$323.3M
$214.0M
Q1 25
$225.7M
Q4 24
$221.9M
Q3 24
$314.3M
Q2 24
$303.5M
$371.5M
Q1 24
$349.9M
Net Profit
ECX
ECX
MLR
MLR
Q4 25
Q3 25
$3.1M
Q2 25
$-69.1M
$8.5M
Q1 25
$8.1M
Q4 24
Q3 24
$15.4M
Q2 24
$-79.2M
$20.5M
Q1 24
$17.0M
Gross Margin
ECX
ECX
MLR
MLR
Q4 25
15.4%
Q3 25
14.2%
Q2 25
15.5%
16.2%
Q1 25
15.0%
Q4 24
15.1%
Q3 24
13.4%
Q2 24
22.6%
13.8%
Q1 24
12.6%
Operating Margin
ECX
ECX
MLR
MLR
Q4 25
2.9%
Q3 25
2.4%
Q2 25
-20.2%
5.3%
Q1 25
4.8%
Q4 24
5.7%
Q3 24
6.3%
Q2 24
-22.2%
7.1%
Q1 24
6.1%
Net Margin
ECX
ECX
MLR
MLR
Q4 25
Q3 25
1.7%
Q2 25
-21.4%
4.0%
Q1 25
3.6%
Q4 24
Q3 24
4.9%
Q2 24
-26.1%
5.5%
Q1 24
4.9%
EPS (diluted)
ECX
ECX
MLR
MLR
Q4 25
$0.29
Q3 25
$0.27
Q2 25
$-0.20
$0.73
Q1 25
$0.69
Q4 24
$0.89
Q3 24
$1.33
Q2 24
$-0.23
$1.78
Q1 24
$1.47

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
MLR
MLR
Cash + ST InvestmentsLiquidity on hand
$86.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-293.7M
$420.6M
Total Assets
$494.9M
$589.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
MLR
MLR
Q4 25
Q3 25
Q2 25
$86.2M
Q1 25
Q4 24
Q3 24
Q2 24
$108.4M
Q1 24
Stockholders' Equity
ECX
ECX
MLR
MLR
Q4 25
$420.6M
Q3 25
$420.7M
Q2 25
$-293.7M
$418.6M
Q1 25
$406.5M
Q4 24
$401.0M
Q3 24
$395.2M
Q2 24
$-198.5M
$379.9M
Q1 24
$362.4M
Total Assets
ECX
ECX
MLR
MLR
Q4 25
$589.7M
Q3 25
$604.3M
Q2 25
$494.9M
$622.9M
Q1 25
$639.7M
Q4 24
$667.0M
Q3 24
$755.3M
Q2 24
$555.0M
$748.2M
Q1 24
$696.5M

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
MLR
MLR
Operating Cash FlowLast quarter
$-82.0M
$48.9M
Free Cash FlowOCF − Capex
$-86.5M
$43.8M
FCF MarginFCF / Revenue
-26.7%
25.5%
Capex IntensityCapex / Revenue
1.4%
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$85.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
MLR
MLR
Q4 25
$48.9M
Q3 25
$19.9M
Q2 25
$-82.0M
$27.2M
Q1 25
$2.7M
Q4 24
$-11.7M
Q3 24
$30.3M
Q2 24
$-57.1M
$-10.7M
Q1 24
$9.0M
Free Cash Flow
ECX
ECX
MLR
MLR
Q4 25
$43.8M
Q3 25
$18.1M
Q2 25
$-86.5M
$25.6M
Q1 25
$-2.4M
Q4 24
$-13.0M
Q3 24
$24.0M
Q2 24
$-64.9M
$-13.8M
Q1 24
$4.3M
FCF Margin
ECX
ECX
MLR
MLR
Q4 25
25.5%
Q3 25
10.1%
Q2 25
-26.7%
11.9%
Q1 25
-1.1%
Q4 24
-5.9%
Q3 24
7.6%
Q2 24
-21.4%
-3.7%
Q1 24
1.2%
Capex Intensity
ECX
ECX
MLR
MLR
Q4 25
3.0%
Q3 25
1.0%
Q2 25
1.4%
0.8%
Q1 25
2.3%
Q4 24
0.6%
Q3 24
2.0%
Q2 24
2.6%
0.8%
Q1 24
1.3%
Cash Conversion
ECX
ECX
MLR
MLR
Q4 25
Q3 25
6.46×
Q2 25
3.22×
Q1 25
0.34×
Q4 24
Q3 24
1.96×
Q2 24
-0.52×
Q1 24
0.53×

Financial Flow Comparison

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

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