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

SFL Corp Ltd. is the larger business by last-quarter revenue ($353.7M vs $323.3M, roughly 1.1× ECARX Holdings Inc.). SFL Corp Ltd. runs the higher net margin — 1.1% vs -21.4%, a 22.5% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -27.0%).

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.

SFL Corp Ltd is a global maritime transportation and vessel owning enterprise with a diversified fleet including container ships, oil tankers, dry bulk carriers and offshore support vessels. It serves international logistics, energy and bulk commodity sectors, offering long-term and spot charter services to clients across major global trade routes.

ECX vs SFL — Head-to-Head

Bigger by revenue
SFL
SFL
1.1× larger
SFL
$353.7M
$323.3M
ECX
Growing faster (revenue YoY)
ECX
ECX
+33.5% gap
ECX
6.5%
-27.0%
SFL
Higher net margin
SFL
SFL
22.5% more per $
SFL
1.1%
-21.4%
ECX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ECX
ECX
SFL
SFL
Revenue
$323.3M
$353.7M
Net Profit
$-69.1M
$4.0M
Gross Margin
15.5%
Operating Margin
-20.2%
22.8%
Net Margin
-21.4%
1.1%
Revenue YoY
6.5%
-27.0%
Net Profit YoY
12.8%
-93.9%
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
SFL
SFL
Q4 25
$353.7M
Q2 25
$323.3M
Q4 24
$484.4M
Q2 24
$303.5M
Q4 23
$414.5M
Q4 22
$364.7M
Net Profit
ECX
ECX
SFL
SFL
Q4 25
$4.0M
Q2 25
$-69.1M
Q4 24
$64.7M
Q2 24
$-79.2M
Q4 23
$60.7M
Q4 22
$98.3M
Gross Margin
ECX
ECX
SFL
SFL
Q4 25
Q2 25
15.5%
Q4 24
Q2 24
22.6%
Q4 23
Q4 22
Operating Margin
ECX
ECX
SFL
SFL
Q4 25
22.8%
Q2 25
-20.2%
Q4 24
32.8%
Q2 24
-22.2%
Q4 23
33.4%
Q4 22
38.3%
Net Margin
ECX
ECX
SFL
SFL
Q4 25
1.1%
Q2 25
-21.4%
Q4 24
13.4%
Q2 24
-26.1%
Q4 23
14.6%
Q4 22
27.0%
EPS (diluted)
ECX
ECX
SFL
SFL
Q4 25
$0.03
Q2 25
$-0.20
Q4 24
$0.49
Q2 24
$-0.23
Q4 23
$0.48
Q4 22
$0.74

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
SFL
SFL
Cash + ST InvestmentsLiquidity on hand
$86.2M
$150.8M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$-293.7M
$960.9M
Total Assets
$494.9M
$3.6B
Debt / EquityLower = less leverage
2.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
SFL
SFL
Q4 25
$150.8M
Q2 25
$86.2M
Q4 24
$134.6M
Q2 24
$108.4M
Q4 23
$165.5M
Q4 22
$188.4M
Total Debt
ECX
ECX
SFL
SFL
Q4 25
$2.6B
Q2 25
Q4 24
$2.9B
Q2 24
Q4 23
$2.2B
Q4 22
$2.2B
Stockholders' Equity
ECX
ECX
SFL
SFL
Q4 25
$960.9M
Q2 25
$-293.7M
Q4 24
$1.1B
Q2 24
$-198.5M
Q4 23
$1.0B
Q4 22
$1.1B
Total Assets
ECX
ECX
SFL
SFL
Q4 25
$3.6B
Q2 25
$494.9M
Q4 24
$4.1B
Q2 24
$555.0M
Q4 23
$3.7B
Q4 22
$3.9B
Debt / Equity
ECX
ECX
SFL
SFL
Q4 25
2.69×
Q2 25
Q4 24
2.54×
Q2 24
Q4 23
2.08×
Q4 22
2.03×

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
SFL
SFL
Operating Cash FlowLast quarter
$-82.0M
$118.4M
Free Cash FlowOCF − Capex
$-86.5M
FCF MarginFCF / Revenue
-26.7%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
29.75×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
SFL
SFL
Q4 25
$118.4M
Q2 25
$-82.0M
Q4 24
$182.4M
Q2 24
$-57.1M
Q4 23
$112.1M
Q4 22
$188.4M
Free Cash Flow
ECX
ECX
SFL
SFL
Q4 25
Q2 25
$-86.5M
Q4 24
Q2 24
$-64.9M
Q4 23
Q4 22
FCF Margin
ECX
ECX
SFL
SFL
Q4 25
Q2 25
-26.7%
Q4 24
Q2 24
-21.4%
Q4 23
Q4 22
Capex Intensity
ECX
ECX
SFL
SFL
Q4 25
Q2 25
1.4%
Q4 24
Q2 24
2.6%
Q4 23
Q4 22
Cash Conversion
ECX
ECX
SFL
SFL
Q4 25
29.75×
Q2 25
Q4 24
2.82×
Q2 24
Q4 23
1.85×
Q4 22
1.92×

Financial Flow Comparison

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

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