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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and Ralliant Corp (RAL). Click either name above to swap in a different company.
Ralliant Corp is the larger business by last-quarter revenue ($529.1M vs $323.3M, roughly 1.6× ECARX Holdings Inc.). Ralliant Corp runs the higher net margin — 7.5% vs -21.4%, a 28.9% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -0.5%). Ralliant Corp produced more free cash flow last quarter ($126.6M 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 RAL — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $323.3M | $529.1M |
| Net Profit | $-69.1M | $39.9M |
| Gross Margin | 15.5% | 50.8% |
| Operating Margin | -20.2% | 9.8% |
| Net Margin | -21.4% | 7.5% |
| Revenue YoY | 6.5% | -0.5% |
| Net Profit YoY | 12.8% | -56.1% |
| EPS (diluted) | $-0.20 | $0.35 |
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.
| Q3 25 | — | $529.1M | ||
| Q2 25 | $323.3M | $503.3M | ||
| Q3 24 | — | $531.7M | ||
| Q2 24 | $303.5M | $533.7M |
| Q3 25 | — | $39.9M | ||
| Q2 25 | $-69.1M | $47.6M | ||
| Q3 24 | — | $90.9M | ||
| Q2 24 | $-79.2M | $64.8M |
| Q3 25 | — | 50.8% | ||
| Q2 25 | 15.5% | 49.3% | ||
| Q3 24 | — | 52.6% | ||
| Q2 24 | 22.6% | 51.5% |
| Q3 25 | — | 9.8% | ||
| Q2 25 | -20.2% | 11.7% | ||
| Q3 24 | — | 20.9% | ||
| Q2 24 | -22.2% | 19.7% |
| Q3 25 | — | 7.5% | ||
| Q2 25 | -21.4% | 9.5% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | -26.1% | 12.1% |
| Q3 25 | — | $0.35 | ||
| Q2 25 | $-0.20 | $0.42 | ||
| Q3 24 | — | $0.81 | ||
| Q2 24 | $-0.23 | $0.57 |
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 | $264.2M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $-293.7M | $3.0B |
| Total Assets | $494.9M | $5.3B |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $264.2M | ||
| Q2 25 | $86.2M | $198.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | $108.4M | — |
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q3 25 | — | $3.0B | ||
| Q2 25 | $-293.7M | $3.0B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | $-198.5M | $4.0B |
| Q3 25 | — | $5.3B | ||
| Q2 25 | $494.9M | $5.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | $555.0M | — |
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.38× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $138.6M |
| Free Cash FlowOCF − Capex | $-86.5M | $126.6M |
| FCF MarginFCF / Revenue | -26.7% | 23.9% |
| Capex IntensityCapex / Revenue | 1.4% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $138.6M | ||
| Q2 25 | $-82.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-57.1M | — |
| Q3 25 | — | $126.6M | ||
| Q2 25 | $-86.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-64.9M | — |
| Q3 25 | — | 23.9% | ||
| Q2 25 | -26.7% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -21.4% | — |
| Q3 25 | — | 2.3% | ||
| Q2 25 | 1.4% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.6% | — |
| Q3 25 | — | 3.47× | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECX
Segment breakdown not available.
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
