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

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $191.4M, roughly 1.7× WAFD INC). WAFD INC runs the higher net margin — 33.5% vs -21.4%, a 54.9% gap on every dollar of revenue. On growth, WAFD INC posted the faster year-over-year revenue change (11.8% vs 6.5%). WAFD INC produced more free cash flow last quarter ($50.0M 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.

Washington Federal Bank is a bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas. It is on the list of largest banks in the United States.

ECX vs WAFD — Head-to-Head

Bigger by revenue
ECX
ECX
1.7× larger
ECX
$323.3M
$191.4M
WAFD
Growing faster (revenue YoY)
WAFD
WAFD
+5.3% gap
WAFD
11.8%
6.5%
ECX
Higher net margin
WAFD
WAFD
54.9% more per $
WAFD
33.5%
-21.4%
ECX
More free cash flow
WAFD
WAFD
$136.5M more FCF
WAFD
$50.0M
$-86.5M
ECX

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
ECX
ECX
WAFD
WAFD
Revenue
$323.3M
$191.4M
Net Profit
$-69.1M
$64.2M
Gross Margin
15.5%
Operating Margin
-20.2%
43.0%
Net Margin
-21.4%
33.5%
Revenue YoY
6.5%
11.8%
Net Profit YoY
12.8%
35.8%
EPS (diluted)
$-0.20
$0.79

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
WAFD
WAFD
Q4 25
$191.4M
Q3 25
$188.3M
Q2 25
$323.3M
$186.3M
Q1 25
$179.8M
Q4 24
$171.1M
Q3 24
$188.7M
Q2 24
$303.5M
$194.4M
Q1 24
$172.0M
Net Profit
ECX
ECX
WAFD
WAFD
Q4 25
$64.2M
Q3 25
$60.6M
Q2 25
$-69.1M
$62.0M
Q1 25
$56.3M
Q4 24
$47.3M
Q3 24
$61.1M
Q2 24
$-79.2M
$64.6M
Q1 24
$15.9M
Gross Margin
ECX
ECX
WAFD
WAFD
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
22.6%
Q1 24
Operating Margin
ECX
ECX
WAFD
WAFD
Q4 25
43.0%
Q3 25
41.2%
Q2 25
-20.2%
42.8%
Q1 25
40.1%
Q4 24
35.2%
Q3 24
42.8%
Q2 24
-22.2%
42.6%
Q1 24
12.2%
Net Margin
ECX
ECX
WAFD
WAFD
Q4 25
33.5%
Q3 25
32.2%
Q2 25
-21.4%
33.3%
Q1 25
31.3%
Q4 24
27.6%
Q3 24
32.4%
Q2 24
-26.1%
33.2%
Q1 24
9.2%
EPS (diluted)
ECX
ECX
WAFD
WAFD
Q4 25
$0.79
Q3 25
$0.71
Q2 25
$-0.20
$0.73
Q1 25
$0.65
Q4 24
$0.54
Q3 24
$0.73
Q2 24
$-0.23
$0.75
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
WAFD
WAFD
Cash + ST InvestmentsLiquidity on hand
$86.2M
$734.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-293.7M
$3.0B
Total Assets
$494.9M
$27.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
WAFD
WAFD
Q4 25
$734.9M
Q3 25
$657.3M
Q2 25
$86.2M
$809.3M
Q1 25
$1.2B
Q4 24
$1.5B
Q3 24
$2.4B
Q2 24
$108.4M
$2.5B
Q1 24
$1.5B
Stockholders' Equity
ECX
ECX
WAFD
WAFD
Q4 25
$3.0B
Q3 25
$3.0B
Q2 25
$-293.7M
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$3.0B
Q2 24
$-198.5M
$3.0B
Q1 24
$2.9B
Total Assets
ECX
ECX
WAFD
WAFD
Q4 25
$27.3B
Q3 25
$26.7B
Q2 25
$494.9M
$26.7B
Q1 25
$27.6B
Q4 24
$27.7B
Q3 24
$28.1B
Q2 24
$555.0M
$28.6B
Q1 24
$30.1B

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
WAFD
WAFD
Operating Cash FlowLast quarter
$-82.0M
$60.5M
Free Cash FlowOCF − Capex
$-86.5M
$50.0M
FCF MarginFCF / Revenue
-26.7%
26.1%
Capex IntensityCapex / Revenue
1.4%
5.5%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters
$377.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
WAFD
WAFD
Q4 25
$60.5M
Q3 25
$237.0M
Q2 25
$-82.0M
$58.0M
Q1 25
$72.1M
Q4 24
$49.4M
Q3 24
$439.2M
Q2 24
$-57.1M
$63.1M
Q1 24
$169.2M
Free Cash Flow
ECX
ECX
WAFD
WAFD
Q4 25
$50.0M
Q3 25
$208.2M
Q2 25
$-86.5M
$53.1M
Q1 25
$66.6M
Q4 24
$43.0M
Q3 24
$414.6M
Q2 24
$-64.9M
$58.3M
Q1 24
$164.8M
FCF Margin
ECX
ECX
WAFD
WAFD
Q4 25
26.1%
Q3 25
110.6%
Q2 25
-26.7%
28.5%
Q1 25
37.0%
Q4 24
25.1%
Q3 24
219.7%
Q2 24
-21.4%
30.0%
Q1 24
95.8%
Capex Intensity
ECX
ECX
WAFD
WAFD
Q4 25
5.5%
Q3 25
15.2%
Q2 25
1.4%
2.6%
Q1 25
3.1%
Q4 24
3.8%
Q3 24
13.1%
Q2 24
2.6%
2.5%
Q1 24
2.6%
Cash Conversion
ECX
ECX
WAFD
WAFD
Q4 25
0.94×
Q3 25
3.91×
Q2 25
0.94×
Q1 25
1.28×
Q4 24
1.05×
Q3 24
7.18×
Q2 24
0.98×
Q1 24
10.65×

Financial Flow Comparison

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

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