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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and STARWOOD PROPERTY TRUST, INC. (STWD). Click either name above to swap in a different company.

STARWOOD PROPERTY TRUST, INC. is the larger business by last-quarter revenue ($492.9M vs $323.3M, roughly 1.5× ECARX Holdings Inc.). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs -21.4%, a 41.0% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs 6.5%).

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.

Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. Starwood was founded in 1969 as a real estate investment trust named Hotel Investors Trust. In 1995, it was acquired and reorganized by Barry Sternlicht, who was its chairman until 2005 and founder of the Starwood Capital Group. Starwood had 11 brands and owned, managed, or franchised 1,297 properties co...

ECX vs STWD — Head-to-Head

Bigger by revenue
STWD
STWD
1.5× larger
STWD
$492.9M
$323.3M
ECX
Growing faster (revenue YoY)
STWD
STWD
+2.0% gap
STWD
8.5%
6.5%
ECX
Higher net margin
STWD
STWD
41.0% more per $
STWD
19.7%
-21.4%
ECX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ECX
ECX
STWD
STWD
Revenue
$323.3M
$492.9M
Net Profit
$-69.1M
$96.9M
Gross Margin
15.5%
Operating Margin
-20.2%
26.6%
Net Margin
-21.4%
19.7%
Revenue YoY
6.5%
8.5%
Net Profit YoY
12.8%
87.7%
EPS (diluted)
$-0.20
$0.25

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
STWD
STWD
Q4 25
$492.9M
Q3 25
$488.9M
Q2 25
$323.3M
$444.3M
Q1 25
$418.2M
Q4 24
$454.4M
Q3 24
$479.5M
Q2 24
$303.5M
$489.8M
Q1 24
$523.1M
Net Profit
ECX
ECX
STWD
STWD
Q4 25
$96.9M
Q3 25
$72.6M
Q2 25
$-69.1M
$129.8M
Q1 25
$112.3M
Q4 24
$51.6M
Q3 24
$76.1M
Q2 24
$-79.2M
$77.9M
Q1 24
$154.3M
Gross Margin
ECX
ECX
STWD
STWD
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
22.6%
Q1 24
Operating Margin
ECX
ECX
STWD
STWD
Q4 25
26.6%
Q3 25
19.1%
Q2 25
-20.2%
30.5%
Q1 25
28.7%
Q4 24
15.1%
Q3 24
17.2%
Q2 24
-22.2%
19.1%
Q1 24
30.8%
Net Margin
ECX
ECX
STWD
STWD
Q4 25
19.7%
Q3 25
14.8%
Q2 25
-21.4%
29.2%
Q1 25
26.8%
Q4 24
11.4%
Q3 24
15.9%
Q2 24
-26.1%
15.9%
Q1 24
29.5%
EPS (diluted)
ECX
ECX
STWD
STWD
Q4 25
$0.25
Q3 25
$0.19
Q2 25
$-0.20
$0.38
Q1 25
$0.33
Q4 24
$0.15
Q3 24
$0.23
Q2 24
$-0.23
$0.24
Q1 24
$0.48

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$86.2M
$499.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-293.7M
$6.8B
Total Assets
$494.9M
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
STWD
STWD
Q4 25
$499.5M
Q3 25
$301.1M
Q2 25
$86.2M
$259.9M
Q1 25
$440.6M
Q4 24
$377.8M
Q3 24
$357.9M
Q2 24
$108.4M
$259.3M
Q1 24
$327.4M
Stockholders' Equity
ECX
ECX
STWD
STWD
Q4 25
$6.8B
Q3 25
$6.9B
Q2 25
$-293.7M
$6.4B
Q1 25
$6.4B
Q4 24
$6.4B
Q3 24
$6.5B
Q2 24
$-198.5M
$6.2B
Q1 24
$6.3B
Total Assets
ECX
ECX
STWD
STWD
Q4 25
$63.2B
Q3 25
$62.4B
Q2 25
$494.9M
$62.4B
Q1 25
$62.2B
Q4 24
$62.6B
Q3 24
$64.2B
Q2 24
$555.0M
$64.1B
Q1 24
$66.2B

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
STWD
STWD
Operating Cash FlowLast quarter
$-82.0M
$488.8M
Free Cash FlowOCF − Capex
$-86.5M
FCF MarginFCF / Revenue
-26.7%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
5.04×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
STWD
STWD
Q4 25
$488.8M
Q3 25
$337.6M
Q2 25
$-82.0M
$-87.4M
Q1 25
$238.9M
Q4 24
$295.6M
Q3 24
$241.8M
Q2 24
$-57.1M
$53.3M
Q1 24
$55.9M
Free Cash Flow
ECX
ECX
STWD
STWD
Q4 25
Q3 25
Q2 25
$-86.5M
Q1 25
Q4 24
Q3 24
Q2 24
$-64.9M
Q1 24
FCF Margin
ECX
ECX
STWD
STWD
Q4 25
Q3 25
Q2 25
-26.7%
Q1 25
Q4 24
Q3 24
Q2 24
-21.4%
Q1 24
Capex Intensity
ECX
ECX
STWD
STWD
Q4 25
Q3 25
Q2 25
1.4%
Q1 25
Q4 24
Q3 24
Q2 24
2.6%
Q1 24
Cash Conversion
ECX
ECX
STWD
STWD
Q4 25
5.04×
Q3 25
4.65×
Q2 25
-0.67×
Q1 25
2.13×
Q4 24
5.72×
Q3 24
3.18×
Q2 24
0.68×
Q1 24
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECX
ECX

Segment breakdown not available.

STWD
STWD

Commercial And Residential Lending Segment$335.2M68%
Infrastructure Lending Segment$70.3M14%
Property Segment$57.8M12%
Other$29.7M6%

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