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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.

NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($939.4M vs $323.3M, roughly 2.9× ECARX Holdings Inc.). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs -21.4%, a 44.7% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -33.0%).

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.

New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.

ECX vs NJR — Head-to-Head

Bigger by revenue
NJR
NJR
2.9× larger
NJR
$939.4M
$323.3M
ECX
Growing faster (revenue YoY)
ECX
ECX
+39.5% gap
ECX
6.5%
-33.0%
NJR
Higher net margin
NJR
NJR
44.7% more per $
NJR
23.3%
-21.4%
ECX

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
ECX
ECX
NJR
NJR
Revenue
$323.3M
$939.4M
Net Profit
$-69.1M
$218.9M
Gross Margin
15.5%
Operating Margin
-20.2%
32.0%
Net Margin
-21.4%
23.3%
Revenue YoY
6.5%
-33.0%
Net Profit YoY
12.8%
7.2%
EPS (diluted)
$-0.20
$2.16

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
NJR
NJR
Q1 26
$939.4M
Q4 25
$440.9M
Q3 25
$188.3M
Q2 25
$323.3M
$234.8M
Q1 25
$569.2M
Q4 24
$359.0M
Q3 24
$265.7M
Q2 24
$303.5M
$209.9M
Net Profit
ECX
ECX
NJR
NJR
Q1 26
$218.9M
Q4 25
$122.5M
Q3 25
$15.1M
Q2 25
$-69.1M
$-15.1M
Q1 25
$204.3M
Q4 24
$131.3M
Q3 24
$91.1M
Q2 24
$-79.2M
$-11.6M
Gross Margin
ECX
ECX
NJR
NJR
Q1 26
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
22.6%
Operating Margin
ECX
ECX
NJR
NJR
Q1 26
32.0%
Q4 25
40.6%
Q3 25
21.5%
Q2 25
-20.2%
-0.5%
Q1 25
49.2%
Q4 24
52.8%
Q3 24
55.0%
Q2 24
-22.2%
2.8%
Net Margin
ECX
ECX
NJR
NJR
Q1 26
23.3%
Q4 25
27.8%
Q3 25
8.0%
Q2 25
-21.4%
-6.4%
Q1 25
35.9%
Q4 24
36.6%
Q3 24
34.3%
Q2 24
-26.1%
-5.5%
EPS (diluted)
ECX
ECX
NJR
NJR
Q1 26
$2.16
Q4 25
$1.21
Q3 25
$0.15
Q2 25
$-0.20
$-0.15
Q1 25
$2.02
Q4 24
$1.31
Q3 24
$0.91
Q2 24
$-0.23
$-0.12

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
NJR
NJR
Q1 26
Q4 25
$2.4M
Q3 25
$591.0K
Q2 25
$86.2M
$931.0K
Q1 25
$83.7M
Q4 24
$1.9M
Q3 24
$1.0M
Q2 24
$108.4M
$22.4M
Total Debt
ECX
ECX
NJR
NJR
Q1 26
Q4 25
$3.3B
Q3 25
$3.3B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.9B
Q2 24
$2.8B
Stockholders' Equity
ECX
ECX
NJR
NJR
Q1 26
Q4 25
$2.5B
Q3 25
$2.4B
Q2 25
$-293.7M
$2.4B
Q1 25
$2.5B
Q4 24
$2.3B
Q3 24
$2.2B
Q2 24
$-198.5M
$2.1B
Total Assets
ECX
ECX
NJR
NJR
Q1 26
Q4 25
$7.9B
Q3 25
$7.6B
Q2 25
$494.9M
$7.3B
Q1 25
$7.3B
Q4 24
$7.2B
Q3 24
$7.0B
Q2 24
$555.0M
$6.8B
Debt / Equity
ECX
ECX
NJR
NJR
Q1 26
Q4 25
1.32×
Q3 25
1.36×
Q2 25
1.25×
Q1 25
1.20×
Q4 24
1.29×
Q3 24
1.31×
Q2 24
1.30×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
NJR
NJR
Q1 26
Q4 25
$26.7M
Q3 25
$81.2M
Q2 25
$-82.0M
$-28.9M
Q1 25
$423.0M
Q4 24
$-9.0M
Q3 24
$64.5M
Q2 24
$-57.1M
$24.3M
Free Cash Flow
ECX
ECX
NJR
NJR
Q1 26
Q4 25
Q3 25
Q2 25
$-86.5M
Q1 25
Q4 24
Q3 24
Q2 24
$-64.9M
FCF Margin
ECX
ECX
NJR
NJR
Q1 26
Q4 25
Q3 25
Q2 25
-26.7%
Q1 25
Q4 24
Q3 24
Q2 24
-21.4%
Capex Intensity
ECX
ECX
NJR
NJR
Q1 26
Q4 25
Q3 25
Q2 25
1.4%
Q1 25
Q4 24
Q3 24
Q2 24
2.6%
Cash Conversion
ECX
ECX
NJR
NJR
Q1 26
Q4 25
0.22×
Q3 25
5.39×
Q2 25
Q1 25
2.07×
Q4 24
-0.07×
Q3 24
0.71×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECX
ECX

Segment breakdown not available.

NJR
NJR

Utility$640.9M68%
Nonutility$298.5M32%

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