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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and Millrose Properties, Inc. (MRP). Click either name above to swap in a different company.
ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $189.5M, roughly 1.7× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs -21.4%, a 85.9% gap on every dollar of revenue.
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.
Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.
ECX vs MRP — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $323.3M | $189.5M |
| Net Profit | $-69.1M | $122.2M |
| Gross Margin | 15.5% | — |
| Operating Margin | -20.2% | 84.8% |
| Net Margin | -21.4% | 64.5% |
| Revenue YoY | 6.5% | — |
| Net Profit YoY | 12.8% | 285.8% |
| EPS (diluted) | $-0.20 | $0.74 |
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.
| Q4 25 | — | $189.5M | ||
| Q3 25 | — | $179.3M | ||
| Q2 25 | $323.3M | $149.0M | ||
| Q1 25 | — | $82.7M | ||
| Q2 24 | $303.5M | — |
| Q4 25 | — | $122.2M | ||
| Q3 25 | — | $105.1M | ||
| Q2 25 | $-69.1M | $112.8M | ||
| Q1 25 | — | $39.8M | ||
| Q2 24 | $-79.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | — | — | ||
| Q2 24 | 22.6% | — |
| Q4 25 | — | 84.8% | ||
| Q3 25 | — | 85.3% | ||
| Q2 25 | -20.2% | 85.1% | ||
| Q1 25 | — | 55.2% | ||
| Q2 24 | -22.2% | — |
| Q4 25 | — | 64.5% | ||
| Q3 25 | — | 58.6% | ||
| Q2 25 | -21.4% | 75.7% | ||
| Q1 25 | — | 48.1% | ||
| Q2 24 | -26.1% | — |
| Q4 25 | — | $0.74 | ||
| Q3 25 | — | $0.63 | ||
| Q2 25 | $-0.20 | $0.68 | ||
| Q1 25 | — | $0.39 | ||
| Q2 24 | $-0.23 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $86.2M | $35.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-293.7M | $5.9B |
| Total Assets | $494.9M | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $35.0M | ||
| Q3 25 | — | $242.6M | ||
| Q2 25 | $86.2M | $66.6M | ||
| Q1 25 | — | $89.5M | ||
| Q2 24 | $108.4M | — |
| Q4 25 | — | $5.9B | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | $-293.7M | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q2 24 | $-198.5M | — |
| Q4 25 | — | $9.3B | ||
| Q3 25 | — | $9.0B | ||
| Q2 25 | $494.9M | $8.0B | ||
| Q1 25 | — | $7.2B | ||
| Q2 24 | $555.0M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-82.0M | $3.7B |
| Free Cash FlowOCF − Capex | $-86.5M | — |
| FCF MarginFCF / Revenue | -26.7% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | 30.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.7B | ||
| Q3 25 | — | $123.1M | ||
| Q2 25 | $-82.0M | $109.1M | ||
| Q1 25 | — | $21.3M | ||
| Q2 24 | $-57.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-86.5M | — | ||
| Q1 25 | — | — | ||
| Q2 24 | $-64.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -26.7% | — | ||
| Q1 25 | — | — | ||
| Q2 24 | -21.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | — | — | ||
| Q2 24 | 2.6% | — |
| Q4 25 | — | 30.05× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.53× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
