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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and RAYONIER ADVANCED MATERIALS INC. (RYAM). Click either name above to swap in a different company.

RAYONIER ADVANCED MATERIALS INC. is the larger business by last-quarter revenue ($417.5M vs $323.3M, roughly 1.3× ECARX Holdings Inc.). RAYONIER ADVANCED MATERIALS INC. runs the higher net margin — -5.0% vs -21.4%, a 16.3% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -1.2%).

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.

Rayonier Advanced Materials recently rebranded as RYAM. RYAM is an American company recognized globally for its cellulose-based technologies. Specializing in high-purity cellulose specialties, RYAM produces natural polymers extensively used in manufacturing filters, food, pharmaceuticals, and various industrial applications. Additionally, the company produces products for the paper and packaging industries. The company is publicly traded on the New York Stock Exchange under the ticker symbol ...

ECX vs RYAM — Head-to-Head

Bigger by revenue
RYAM
RYAM
1.3× larger
RYAM
$417.5M
$323.3M
ECX
Growing faster (revenue YoY)
ECX
ECX
+7.7% gap
ECX
6.5%
-1.2%
RYAM
Higher net margin
RYAM
RYAM
16.3% more per $
RYAM
-5.0%
-21.4%
ECX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ECX
ECX
RYAM
RYAM
Revenue
$323.3M
$417.5M
Net Profit
$-69.1M
$-21.1M
Gross Margin
15.5%
8.9%
Operating Margin
-20.2%
2.6%
Net Margin
-21.4%
-5.0%
Revenue YoY
6.5%
-1.2%
Net Profit YoY
12.8%
-31.9%
EPS (diluted)
$-0.20
$-0.33

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
RYAM
RYAM
Q4 25
$417.5M
Q3 25
$352.8M
Q2 25
$323.3M
$340.0M
Q1 25
$356.0M
Q4 24
$422.5M
Q3 24
$401.1M
Q2 24
$303.5M
$419.0M
Q1 24
$387.7M
Net Profit
ECX
ECX
RYAM
RYAM
Q4 25
$-21.1M
Q3 25
$-4.5M
Q2 25
$-69.1M
$-363.2M
Q1 25
$-32.0M
Q4 24
$-16.0M
Q3 24
$-32.6M
Q2 24
$-79.2M
$11.4M
Q1 24
$-1.6M
Gross Margin
ECX
ECX
RYAM
RYAM
Q4 25
8.9%
Q3 25
9.7%
Q2 25
15.5%
7.0%
Q1 25
6.8%
Q4 24
8.7%
Q3 24
10.9%
Q2 24
22.6%
11.5%
Q1 24
9.5%
Operating Margin
ECX
ECX
RYAM
RYAM
Q4 25
2.6%
Q3 25
2.8%
Q2 25
-20.2%
-0.4%
Q1 25
-4.2%
Q4 24
2.6%
Q3 24
-4.2%
Q2 24
-22.2%
6.7%
Q1 24
4.4%
Net Margin
ECX
ECX
RYAM
RYAM
Q4 25
-5.0%
Q3 25
-1.3%
Q2 25
-21.4%
-106.8%
Q1 25
-9.0%
Q4 24
-3.8%
Q3 24
-8.1%
Q2 24
-26.1%
2.7%
Q1 24
-0.4%
EPS (diluted)
ECX
ECX
RYAM
RYAM
Q4 25
$-0.33
Q3 25
$-0.07
Q2 25
$-0.20
$-5.44
Q1 25
$-0.49
Q4 24
$-0.25
Q3 24
$-0.49
Q2 24
$-0.23
$0.17
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
RYAM
RYAM
Cash + ST InvestmentsLiquidity on hand
$86.2M
$75.4M
Total DebtLower is stronger
$758.1M
Stockholders' EquityBook value
$-293.7M
$316.6M
Total Assets
$494.9M
$1.8B
Debt / EquityLower = less leverage
2.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
RYAM
RYAM
Q4 25
$75.4M
Q3 25
$77.0M
Q2 25
$86.2M
$70.7M
Q1 25
$129.9M
Q4 24
$125.2M
Q3 24
$136.1M
Q2 24
$108.4M
$114.1M
Q1 24
$54.6M
Total Debt
ECX
ECX
RYAM
RYAM
Q4 25
$758.1M
Q3 25
$763.5M
Q2 25
$720.4M
Q1 25
$707.0M
Q4 24
$706.4M
Q3 24
$747.7M
Q2 24
$752.8M
Q1 24
$755.6M
Stockholders' Equity
ECX
ECX
RYAM
RYAM
Q4 25
$316.6M
Q3 25
$338.2M
Q2 25
$-293.7M
$342.3M
Q1 25
$688.1M
Q4 24
$713.9M
Q3 24
$732.7M
Q2 24
$-198.5M
$755.1M
Q1 24
$741.8M
Total Assets
ECX
ECX
RYAM
RYAM
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$494.9M
$1.8B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.2B
Q2 24
$555.0M
$2.2B
Q1 24
$2.1B
Debt / Equity
ECX
ECX
RYAM
RYAM
Q4 25
2.39×
Q3 25
2.26×
Q2 25
2.10×
Q1 25
1.03×
Q4 24
0.99×
Q3 24
1.02×
Q2 24
1.00×
Q1 24
1.02×

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
RYAM
RYAM
Operating Cash FlowLast quarter
$-82.0M
$32.3M
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
RYAM
RYAM
Q4 25
$32.3M
Q3 25
$-17.8M
Q2 25
$-82.0M
$-30.2M
Q1 25
$39.6M
Q4 24
$54.9M
Q3 24
$49.8M
Q2 24
$-57.1M
$87.6M
Q1 24
$11.3M
Free Cash Flow
ECX
ECX
RYAM
RYAM
Q4 25
Q3 25
Q2 25
$-86.5M
Q1 25
Q4 24
Q3 24
Q2 24
$-64.9M
Q1 24
FCF Margin
ECX
ECX
RYAM
RYAM
Q4 25
Q3 25
Q2 25
-26.7%
Q1 25
Q4 24
Q3 24
Q2 24
-21.4%
Q1 24
Capex Intensity
ECX
ECX
RYAM
RYAM
Q4 25
Q3 25
Q2 25
1.4%
Q1 25
Q4 24
Q3 24
Q2 24
2.6%
Q1 24
Cash Conversion
ECX
ECX
RYAM
RYAM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
7.69×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECX
ECX

Segment breakdown not available.

RYAM
RYAM

Cellulose Specialties$249.6M60%
Other$86.2M21%
Paperboard$44.2M11%
High Yield Pulp$28.3M7%
Biomaterials$9.2M2%

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