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

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $267.3M, roughly 1.2× Metallus Inc.). Metallus Inc. runs the higher net margin — 0.5% vs -21.4%, a 21.8% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (11.1% vs 6.5%). Metallus Inc. produced more free cash flow last quarter ($900.0K 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.

ECX vs MTUS — Head-to-Head

Bigger by revenue
ECX
ECX
1.2× larger
ECX
$323.3M
$267.3M
MTUS
Growing faster (revenue YoY)
MTUS
MTUS
+4.6% gap
MTUS
11.1%
6.5%
ECX
Higher net margin
MTUS
MTUS
21.8% more per $
MTUS
0.5%
-21.4%
ECX
More free cash flow
MTUS
MTUS
$87.4M more FCF
MTUS
$900.0K
$-86.5M
ECX

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
ECX
ECX
MTUS
MTUS
Revenue
$323.3M
$267.3M
Net Profit
$-69.1M
$1.3M
Gross Margin
15.5%
2.2%
Operating Margin
-20.2%
Net Margin
-21.4%
0.5%
Revenue YoY
6.5%
11.1%
Net Profit YoY
12.8%
EPS (diluted)
$-0.20
$0.03

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
MTUS
MTUS
Q1 26
$267.3M
Q4 25
$267.3M
Q3 25
$305.9M
Q2 25
$323.3M
$304.6M
Q1 25
$280.5M
Q4 24
$240.5M
Q3 24
$227.2M
Q2 24
$303.5M
$294.7M
Net Profit
ECX
ECX
MTUS
MTUS
Q1 26
$1.3M
Q4 25
$-14.3M
Q3 25
$8.1M
Q2 25
$-69.1M
$3.7M
Q1 25
$1.3M
Q4 24
$-21.4M
Q3 24
$-5.9M
Q2 24
$-79.2M
$4.6M
Gross Margin
ECX
ECX
MTUS
MTUS
Q1 26
2.2%
Q4 25
2.2%
Q3 25
11.4%
Q2 25
15.5%
10.6%
Q1 25
7.8%
Q4 24
4.5%
Q3 24
5.3%
Q2 24
22.6%
8.2%
Operating Margin
ECX
ECX
MTUS
MTUS
Q1 26
Q4 25
-7.7%
Q3 25
3.6%
Q2 25
-20.2%
2.8%
Q1 25
1.0%
Q4 24
-10.1%
Q3 24
-3.1%
Q2 24
-22.2%
2.1%
Net Margin
ECX
ECX
MTUS
MTUS
Q1 26
0.5%
Q4 25
-5.3%
Q3 25
2.6%
Q2 25
-21.4%
1.2%
Q1 25
0.5%
Q4 24
-8.9%
Q3 24
-2.6%
Q2 24
-26.1%
1.6%
EPS (diluted)
ECX
ECX
MTUS
MTUS
Q1 26
$0.03
Q4 25
$-0.34
Q3 25
$0.19
Q2 25
$-0.20
$0.09
Q1 25
$0.03
Q4 24
$-0.46
Q3 24
$-0.13
Q2 24
$-0.23
$0.10

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
MTUS
MTUS
Cash + ST InvestmentsLiquidity on hand
$86.2M
$156.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-293.7M
$686.0M
Total Assets
$494.9M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
MTUS
MTUS
Q1 26
$156.7M
Q4 25
$156.7M
Q3 25
$191.5M
Q2 25
$86.2M
$190.8M
Q1 25
$180.3M
Q4 24
$240.7M
Q3 24
$254.6M
Q2 24
$108.4M
$272.8M
Total Debt
ECX
ECX
MTUS
MTUS
Q1 26
Q4 25
Q3 25
$0
Q2 25
$0
Q1 25
$5.4M
Q4 24
$5.4M
Q3 24
$13.2M
Q2 24
$13.2M
Stockholders' Equity
ECX
ECX
MTUS
MTUS
Q1 26
$686.0M
Q4 25
$686.0M
Q3 25
$697.7M
Q2 25
$-293.7M
$690.0M
Q1 25
$686.1M
Q4 24
$690.5M
Q3 24
$712.7M
Q2 24
$-198.5M
$736.3M
Total Assets
ECX
ECX
MTUS
MTUS
Q1 26
$1.1B
Q4 25
$1.1B
Q3 25
$1.2B
Q2 25
$494.9M
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$555.0M
$1.1B
Debt / Equity
ECX
ECX
MTUS
MTUS
Q1 26
Q4 25
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.01×
Q4 24
0.01×
Q3 24
0.02×
Q2 24
0.02×

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
MTUS
MTUS
Operating Cash FlowLast quarter
$-82.0M
Free Cash FlowOCF − Capex
$-86.5M
$900.0K
FCF MarginFCF / Revenue
-26.7%
0.3%
Capex IntensityCapex / Revenue
1.4%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
MTUS
MTUS
Q1 26
Q4 25
$-1.9M
Q3 25
$22.0M
Q2 25
$-82.0M
$34.8M
Q1 25
$-38.9M
Q4 24
$13.9M
Q3 24
$-15.3M
Q2 24
$-57.1M
$8.3M
Free Cash Flow
ECX
ECX
MTUS
MTUS
Q1 26
$900.0K
Q4 25
$-37.2M
Q3 25
$-6.4M
Q2 25
$-86.5M
$17.0M
Q1 25
$-66.4M
Q4 24
$-1.3M
Q3 24
$-32.9M
Q2 24
$-64.9M
$-5.8M
FCF Margin
ECX
ECX
MTUS
MTUS
Q1 26
0.3%
Q4 25
-13.9%
Q3 25
-2.1%
Q2 25
-26.7%
5.6%
Q1 25
-23.7%
Q4 24
-0.5%
Q3 24
-14.5%
Q2 24
-21.4%
-2.0%
Capex Intensity
ECX
ECX
MTUS
MTUS
Q1 26
0.0%
Q4 25
13.2%
Q3 25
9.3%
Q2 25
1.4%
5.8%
Q1 25
9.8%
Q4 24
6.3%
Q3 24
7.7%
Q2 24
2.6%
4.8%
Cash Conversion
ECX
ECX
MTUS
MTUS
Q1 26
Q4 25
Q3 25
2.72×
Q2 25
9.41×
Q1 25
-29.92×
Q4 24
Q3 24
Q2 24
1.80×

Financial Flow Comparison

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

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