ECX Consumer CyclicalBeta data

ECARX Holdings Inc.

$0.89-11.88%

Price as of close on Nov 3, 2026 · Financials updated Nov 3, 2026

Basics

Sector: Consumer Cyclical
Industry: Auto Parts
Country: United Kingdom
Market cap: 349.8M USD
Enterprise value: 840.4M USD
Full-time employees: 1,400

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.08 vs a peer median of 0.63) and less short-term liquidity (current ratio 0.72 vs a peer median of 1.48)higher risk: bigger price swings (beta 1.08 vs peers 0.63) and less liquidity (current ratio 0.72 vs peers 1.48)

Ranks #1,338 of 1,502 consumer cyclical companies (bottom 11%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.
ECARX's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.
Operating loss narrowing. Operating margin -16% in 2024, the smallest loss relative to revenue of the last 5 years.
ECARX still lost money on operations in 2024 (margin -16%), but that was its smallest operating loss relative to revenue in the 5 years of filings we have.
Not profitable yet. Reported a loss over the last 12 months.
ECARX reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

StockQuotient Score

26/ 100▲ 1 since Oct 27 close

Oct 5 26 → Nov 4 26

Fundamentals: Yahoo Finance, not primary filings

Valuation

Is the price right?

11/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-6.7%

Yahoo Finance · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.34Sector median: 0.0439 · MAD: 0.0329

EBITDA yield1.6%

Yahoo Finance · trailing 12 monthsReported value50% base weight · Z-score -1.56Sector median: 0.0877 · MAD: 0.0461

Free cash flow yieldUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield-79.9%

Yahoo FinanceOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

83/100

Strong▲ 1 since Oct 27 close

2/3 inputs reported · Partial data

Since last quarter: ▲ Stronger

12-month revenue up 8.5%

Why it changed since the Oct 27, 2026 close: Score 82 → 83

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0420 · MAD: 0.2537

3-year revenue growth18.0%

SEC filings · 3 years to Dec 2025Reported value33% base weight · Z-score 2.17Sector median: 0.0425 · MAD: 0.0636

Revenue growth9.9%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score 0.94Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

5/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 4.2 points to -15.9%

Why

Weaker than most peers on:

▼ ROA
▼ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-6.5%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -2.78Sector median: 0.0638 · MAD: 0.0461

Return on assets-10.0%

SEC filings · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.27Sector median: 0.0331 · MAD: 0.0254

Return on invested capital-7.6%

Yahoo Finance · trailing 12 monthsReported value33% base weight · Z-score -2.49Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin20.9%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equityUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 4 → 3

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.08

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.48Sector median: 0.6345 · MAD: 0.2980

Current ratio0.72×

Yahoo FinanceReported value33% base weight · Z-score -1.36Sector median: 1.4800 · MAD: 0.5570

Debt / equityUnavailable

Shareholders' equity is negative, so debt/equity counts as among the highest in its peer group33% base weight · Z-score -9.02Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about ECARX

Is ECARX getting weaker?: Its latest SEC filing (Mar 26, 2025) got stronger: operating margin rose 4.2 points to -15.9%. Its overall score is 26/100, up 1 since Oct 28, 2026.
How is ECARX valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 11/100 against 1,612 consumer cyclical peers. Earnings yield -6.7% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -6.7% vs peers 4.4% (weaker than 100% of peers).
Is ECARX growing?: Yes, faster than most of its peers. Growth scores 83/100 against 1,612 consumer cyclical peers. 3-year revenue growth 18.0% vs a peer median of 4.3% (stronger than 86% of peers).3-year revenue growth 18.0% vs peers 4.3% (stronger than 86% of peers).
How profitable is ECARX?: Less profitable than most of its peers. Profitability scores 5/100 against 1,612 consumer cyclical peers. Return on assets -10.0% vs a peer median of 3.3% (weaker than 100% of peers).Return on assets -10.0% vs peers 3.3% (weaker than 100% of peers).
How risky is ECARX?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 0.72× vs a peer median of 1.48× (weaker than 89% of peers).Current ratio 0.72× vs peers 1.48× (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Dec 31, 2024 · filed Mar 26, 2025 · compared with the quarter ended Jun 30, 2024

Got stronger

Operating margin rose 4.2 points to -15.9%

Worth watching: ECARX is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	5.1B CNY	5.6B CNY	+8.5%
Net income (12 months)	−1.1B CNY	−932.3M CNY	−17.9%
Operating margin	-20.0%	-15.9%	+4.2 pts
Free cash flow (12 months)	−770.2M CNY	−544.9M CNY	−29.2%
Cash	787.6M CNY	324.0M CNY	−58.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CNY, as reported

Key ratios	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	Change
Gross margin	24.6%	29.4%	27.9%	27.1%	20.8%	▼ 6.3 pts
Operating margin	-19.2%	-36.0%	-45.7%	-19.5%	-15.9%	▲ 3.7 pts
Net margin	-19.6%	-42.2%	-43.9%	-20.0%	-16.8%	▲ 3.2 pts
Return on assets (ROA)	—	-29.6%	-33.1%	-21.8%	-24.7%	▼ 2.9 pts
Free cash flow margin	-19.5%	-35.7%	-17.4%	-27.6%	-9.8%	▲ 18 pts
Current ratio	—	0.81×	0.98×	0.78×	0.55×	▼ 29%
Quick ratio	—	0.74×	0.93×	0.74×	0.51×	▼ 32%
Interest coverage	-7.28×	-7.60×	-36.55×	-11.57×	-6.60×	▲ 43%

ECX price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.08 vs a peer median of 0.63) and less short-term liquidity (current ratio 0.72 vs a peer median of 1.48)higher risk: bigger price swings (beta 1.08 vs peers 0.63) and less liquidity (current ratio 0.72 vs peers 1.48)

Ranks #1,338 of 1,502 consumer cyclical companies (bottom 11%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.

ECARX's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.

Operating loss narrowing. Operating margin -16% in 2024, the smallest loss relative to revenue of the last 5 years.

ECARX still lost money on operations in 2024 (margin -16%), but that was its smallest operating loss relative to revenue in the 5 years of filings we have.

Not profitable yet. Reported a loss over the last 12 months.

ECARX reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Questions investors ask about ECARX

Is ECARX getting weaker?

Its latest SEC filing (Mar 26, 2025) got stronger: operating margin rose 4.2 points to -15.9%. Its overall score is 26/100, up 1 since Oct 28, 2026.

How is ECARX valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 11/100 against 1,612 consumer cyclical peers. Earnings yield -6.7% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -6.7% vs peers 4.4% (weaker than 100% of peers).

Is ECARX growing?

Yes, faster than most of its peers. Growth scores 83/100 against 1,612 consumer cyclical peers. 3-year revenue growth 18.0% vs a peer median of 4.3% (stronger than 86% of peers).3-year revenue growth 18.0% vs peers 4.3% (stronger than 86% of peers).

How profitable is ECARX?

Less profitable than most of its peers. Profitability scores 5/100 against 1,612 consumer cyclical peers. Return on assets -10.0% vs a peer median of 3.3% (weaker than 100% of peers).Return on assets -10.0% vs peers 3.3% (weaker than 100% of peers).

How risky is ECARX?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 0.72× vs a peer median of 1.48× (weaker than 89% of peers).Current ratio 0.72× vs peers 1.48× (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

5.1B CNY

5.6B CNY

+8.5%

Net income (12 months)

−1.1B CNY

−932.3M CNY

−17.9%

Operating margin

-20.0%

-15.9%

+4.2 pts

Free cash flow (12 months)

−770.2M CNY

−544.9M CNY

−29.2%

Cash

787.6M CNY

324.0M CNY

−58.9%

Key ratios

FY 2020

FY 2021

FY 2022

FY 2023

FY 2024

Change

Gross margin

24.6%

29.4%

27.9%

27.1%

20.8%

▼ 6.3 pts

Operating margin

-19.2%

-36.0%

-45.7%

-19.5%

-15.9%

▲ 3.7 pts

Net margin

-19.6%

-42.2%

-43.9%

-20.0%

-16.8%

▲ 3.2 pts

Return on assets (ROA)

—

-29.6%

-33.1%

-21.8%

-24.7%

▼ 2.9 pts

Free cash flow margin

-19.5%

-35.7%

-17.4%

-27.6%

-9.8%

▲ 18 pts

Current ratio

—

0.81×

0.98×

0.78×

0.55×

▼ 29%

Quick ratio

—

0.74×

0.93×

0.74×

0.51×

▼ 32%

Interest coverage

-7.28×

-7.60×

-36.55×

-11.57×

-6.60×

▲ 43%