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

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $219.9M, roughly 1.5× Orthofix Medical Inc.). Orthofix Medical Inc. runs the higher net margin — -1.0% vs -21.4%, a 20.4% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs 2.0%). Orthofix Medical Inc. produced more free cash flow last quarter ($16.8M 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.

Orthofix Medical Inc. is a global medical device firm specializing in orthopedic care. It develops, manufactures and sells spinal implants, trauma care products, bone growth stimulation therapies and regenerative medicine offerings, serving orthopedic surgeons and healthcare providers across North America, Europe and Asia Pacific.

ECX vs OFIX — Head-to-Head

Bigger by revenue
ECX
ECX
1.5× larger
ECX
$323.3M
$219.9M
OFIX
Growing faster (revenue YoY)
ECX
ECX
+4.5% gap
ECX
6.5%
2.0%
OFIX
Higher net margin
OFIX
OFIX
20.4% more per $
OFIX
-1.0%
-21.4%
ECX
More free cash flow
OFIX
OFIX
$103.3M more FCF
OFIX
$16.8M
$-86.5M
ECX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ECX
ECX
OFIX
OFIX
Revenue
$323.3M
$219.9M
Net Profit
$-69.1M
$-2.2M
Gross Margin
15.5%
71.1%
Operating Margin
-20.2%
0.2%
Net Margin
-21.4%
-1.0%
Revenue YoY
6.5%
2.0%
Net Profit YoY
12.8%
92.4%
EPS (diluted)
$-0.20
$-0.05

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
OFIX
OFIX
Q4 25
$219.9M
Q3 25
$205.6M
Q2 25
$323.3M
$203.1M
Q1 25
$193.6M
Q4 24
$215.7M
Q3 24
$196.6M
Q2 24
$303.5M
$198.6M
Q1 24
$188.6M
Net Profit
ECX
ECX
OFIX
OFIX
Q4 25
$-2.2M
Q3 25
$-22.8M
Q2 25
$-69.1M
$-14.1M
Q1 25
$-53.1M
Q4 24
$-29.1M
Q3 24
$-27.4M
Q2 24
$-79.2M
$-33.4M
Q1 24
$-36.0M
Gross Margin
ECX
ECX
OFIX
OFIX
Q4 25
71.1%
Q3 25
72.2%
Q2 25
15.5%
68.7%
Q1 25
62.8%
Q4 24
69.0%
Q3 24
68.7%
Q2 24
22.6%
67.8%
Q1 24
67.5%
Operating Margin
ECX
ECX
OFIX
OFIX
Q4 25
0.2%
Q3 25
-8.3%
Q2 25
-20.2%
-7.9%
Q1 25
-25.2%
Q4 24
-5.3%
Q3 24
-9.6%
Q2 24
-22.2%
-12.5%
Q1 24
-15.6%
Net Margin
ECX
ECX
OFIX
OFIX
Q4 25
-1.0%
Q3 25
-11.1%
Q2 25
-21.4%
-6.9%
Q1 25
-27.4%
Q4 24
-13.5%
Q3 24
-13.9%
Q2 24
-26.1%
-16.8%
Q1 24
-19.1%
EPS (diluted)
ECX
ECX
OFIX
OFIX
Q4 25
$-0.05
Q3 25
$-0.57
Q2 25
$-0.20
$-0.36
Q1 25
$-1.35
Q4 24
$-0.76
Q3 24
$-0.71
Q2 24
$-0.23
$-0.88
Q1 24
$-0.95

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
OFIX
OFIX
Cash + ST InvestmentsLiquidity on hand
$86.2M
$82.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-293.7M
$450.0M
Total Assets
$494.9M
$850.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
OFIX
OFIX
Q4 25
$82.0M
Q3 25
$62.9M
Q2 25
$86.2M
$65.6M
Q1 25
$58.0M
Q4 24
$83.2M
Q3 24
$30.1M
Q2 24
$108.4M
$26.4M
Q1 24
$27.0M
Total Debt
ECX
ECX
OFIX
OFIX
Q4 25
Q3 25
$157.2M
Q2 25
$157.0M
Q1 25
$156.9M
Q4 24
$157.0M
Q3 24
$118.5M
Q2 24
$118.0M
Q1 24
$118.2M
Stockholders' Equity
ECX
ECX
OFIX
OFIX
Q4 25
$450.0M
Q3 25
$442.5M
Q2 25
$-293.7M
$458.3M
Q1 25
$458.3M
Q4 24
$503.1M
Q3 24
$525.9M
Q2 24
$-198.5M
$546.0M
Q1 24
$570.3M
Total Assets
ECX
ECX
OFIX
OFIX
Q4 25
$850.6M
Q3 25
$832.6M
Q2 25
$494.9M
$837.2M
Q1 25
$823.1M
Q4 24
$893.3M
Q3 24
$867.9M
Q2 24
$555.0M
$882.0M
Q1 24
$906.0M
Debt / Equity
ECX
ECX
OFIX
OFIX
Q4 25
Q3 25
0.36×
Q2 25
0.34×
Q1 25
0.34×
Q4 24
0.31×
Q3 24
0.23×
Q2 24
0.22×
Q1 24
0.21×

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
OFIX
OFIX
Operating Cash FlowLast quarter
$-82.0M
$27.7M
Free Cash FlowOCF − Capex
$-86.5M
$16.8M
FCF MarginFCF / Revenue
-26.7%
7.6%
Capex IntensityCapex / Revenue
1.4%
4.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
OFIX
OFIX
Q4 25
$27.7M
Q3 25
$12.4M
Q2 25
$-82.0M
$11.6M
Q1 25
$-18.4M
Q4 24
$23.7M
Q3 24
$11.7M
Q2 24
$-57.1M
$9.0M
Q1 24
$-18.6M
Free Cash Flow
ECX
ECX
OFIX
OFIX
Q4 25
$16.8M
Q3 25
$2.5M
Q2 25
$-86.5M
$4.5M
Q1 25
$-25.1M
Q4 24
$15.2M
Q3 24
$6.3M
Q2 24
$-64.9M
$-360.0K
Q1 24
$-29.1M
FCF Margin
ECX
ECX
OFIX
OFIX
Q4 25
7.6%
Q3 25
1.2%
Q2 25
-26.7%
2.2%
Q1 25
-13.0%
Q4 24
7.0%
Q3 24
3.2%
Q2 24
-21.4%
-0.2%
Q1 24
-15.4%
Capex Intensity
ECX
ECX
OFIX
OFIX
Q4 25
4.9%
Q3 25
4.8%
Q2 25
1.4%
3.5%
Q1 25
3.5%
Q4 24
4.0%
Q3 24
2.7%
Q2 24
2.6%
4.7%
Q1 24
5.6%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECX
ECX

Segment breakdown not available.

OFIX
OFIX

Spinal Implants Biologics And Enabling Technologies$113.6M52%
Bone Growth Therapies$68.3M31%
Other$22.7M10%
IT$5.9M3%
GB$3.5M2%
FR$3.5M2%
DE$2.3M1%

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