BB vs ECX vs MWC Stock Comparison

Blackberry, ECARX Holdings and Micware Prices as of Oct 27, 2026 Peers: Industry group
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BB BLACKBERRY Ltd
$9.55 +16.5% 1M +99.0% 1Y
Market cap
$5.59B
P/E
69.6x
Revenue (TTM)
$614.00M
Div. yield
–
Embedded Software Technology
7 wins
ECX ECARX Holdings Inc.
$0.82 -24.8% 1M -65.3% 1Y
Market cap
$278.04M
P/E
–
Revenue (TTM)
$881.30M
Div. yield
–
Autonomous Driving Technology
1 win
MWC Micware Co., Ltd.
$1.51 -10.1% 1M
Market cap
$80.46M
P/E
8.2x
Revenue (TTM)
—
Div. yield
–
IT Services Technology
1 win

Head to Head

9 decided of 12

Blackberry leads on 7 of the 12 questions below (Blackberry 7, Micware 1, ECARX Holdings 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBBECXMWCLeader
Larger companyMarket capitalisation $5.59B $278.04M $80.46M BB
Cheaper on earningsLower P/E, profitable companies only 69.6x -8.0x 8.2x MWC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 43.4x — — –
Faster revenue growthRevenue growth, trailing twelve months +14.4% +11.4% — BB
More profitableNet margin, trailing twelve months 13.1% -3.9% — BB
Better return on capitalReturn on invested capital 7.5% -4.6% — BB
Less leveragedLower net debt / EBITDA -1.8x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +99.0% -65.3% — BB
Better 5-year returnAnnualised price return, 5 years -2.4%/yr -39.1%/yr — BB
Less volatileAnnualised volatility, 1 year 62.9% 82.7% 174.2% BB
Higher overall scoreMean of the five percentile scores vs peers 70/100 77/100 — ECX

Percentile Scorecard

BBECXMWC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBBECXMWC
Valuation 54 #58 of 124 100 #1 of 13 74 #14 of 50
Growth 87 #16 of 113 100 #1 of 12 –
Profitability 82 #21 of 109 100 #1 of 12 –
Financial Health 65 #45 of 127 8 #12 of 13 39 #38 of 62
Shareholder Returns 61 #26 of 65 – –
Overall 70 77 –
  • BB ranked among 137 companies in Infrastructure Software
  • ECX ranked among 14 companies in Robotics and Automation
  • MWC ranked among 66 companies in Technology Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBBECXMWCSPY
1 month +16.5%-24.8%-10.1% -0.2%
3 months +17.9%-24.1%-5.0% +3.9%
6 months +85.8%-28.1%— +8.2%
Year to date +152.0%-52.3%— +12.9%
1 year +99.0%-65.3%— +12.3%
3 years +180.1%-79.5%— +87.4%
3 years, per year +41.0%-41.1%— +23.3%
5 years -11.5%-91.6%— +67.9%
5 years, per year -2.4%-39.1%— +10.9%
10 years +33.8%—— +261.1%
10 years, per year +3.0%—— +13.7%

Risk

MeasureBBECXMWCSPY
Volatility, 1Y 62.9%82.7%174.2% 12.7%
Downside volatility, 1Y 57.1%91.2%158.4% 12.7%
Beta vs S&P 500, 1Y 1.791.410.67 1.00
Return / volatility, 1Y 1.57-0.79— 0.97
Max drawdown, 5Y -82.0%-92.6%-86.5% -25.4%
From 52-week high -25.6%-68.9%-81.6% -1.2%
52-week high $12.83$2.64$8.20 $779.14
52-week low $3.15$0.80$1.11 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBBECXMWC
P/E now vs peer median 69.7xmedian 38.6x -8.0x 8.2xmedian 17.4x
P/S now vs peer median 9.1xmedian 4.4x 0.3xmedian 18.7x 0.5xmedian 0.7x
EV/EBITDA now vs peer median 54.6xmedian 34.5x — —median 10.7x
P/FCF now vs peer median 60.9xmedian 29.4x —median 14.5x 8.4xmedian 11.5x
P/B now vs peer median 7.1xmedian 3.3x -1.0xmedian 1.1x 1.6xmedian 1.4x
PEG now vs peer median 2.43median 1.28 -0.17 —median 1.51

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBBECXMWC
Revenue $614.00M $881.30M –
Gross profit $478.10M $184.00M –
Operating income $83.70M -$8.80M –
Net income $80.40M -$35.90M –
Free cash flow $92.10M – –
R&D $129.20M $107.60M –
EPS (diluted) $0.12 $-0.10 –
Cash & equivalents $266.20M $156.16M $52.99M
Total debt $197.10M $556.66M $47.54M
Shares (diluted) 649.66M 338.66M 56.07M
Enterprise value $4.20B -$14.58M $80.46M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBBECXMWC
P/E 69.7x -8.0x 8.2x
P/FCF 60.9x – 8.4x
P/Operating cash flow 57.0x – –
P/S 9.1x 0.3x 0.5x
P/B 7.1x -1.0x 1.6x
P/Tangible book 7.5x -0.8x 1.6x
EV/EBITDA 54.6x – –
EV/EBIT 64.8x -74.4x –
EV/Revenue 8.8x 0.7x –
EV/FCF 58.9x – –
EV/Operating cash flow 55.2x – –
PEG (3Y EPS CAGR) 2.43 -0.17 –

Growth

14 metrics
MetricBBECXMWC
Revenue growth (1Y) 14.4% 11.4% –
Revenue CAGR (3Y) -4.1% 15.7% –
Gross profit growth (1Y) 18.6% 29.9% –
Gross profit CAGR (3Y) 4.4% 6.1% –
Operating income growth (1Y) 234.8% 92.7% –
Operating income CAGR (3Y) 59.4% 63.2% –
Net income growth (1Y) 3,078% 74.6% –
Net income CAGR (3Y) 29.0% 41.5% –
EPS growth (1Y) 2,838% 74.4% –
EPS CAGR (3Y) 28.7% 47.8% –
Operating cash flow growth (1Y) 193.4% – –
Operating cash flow CAGR (3Y) 38.2% – –
Free cash flow growth (1Y) 201.0% – –
Free cash flow CAGR (3Y) 37.1% – –

Profitability

14 metrics
MetricBBECXMWC
Gross margin 77.9% 20.9% –
EBITDA margin 16.2% – –
Operating margin 13.6% -1.0% –
Pretax margin 15.0% -2.2% –
Net margin 13.1% -3.9% –
FCF margin 15.0% – –
Operating cash flow margin 16.0% – –
Return on equity 10.4% – –
Return on assets 6.4% -4.2% –
Return on invested capital 7.5% -4.6% –
Return on capital employed 8.2% – –
Asset turnover 0.5x 1.0x –
Cash conversion (OCF / net income) 1.2x – –
Stock comp / revenue 4.2% – –

Financial Health

11 metrics
MetricBBECXMWC
Debt / assets 15.6% 56.5% 30.3%
Debt / equity 0.2x -2.1x 0.9x
Net debt / EBITDA -1.8x – –
Debt / FCF 2.1x – –
Liabilities / assets 37.3% 127.0% 66.4%
Equity / assets 62.7% -27.0% 33.6%
Interest coverage – -0.3x –
Current ratio 2.4x 0.7x 1.7x
Quick ratio 2.2x 0.5x 1.2x
Cash ratio 1.6x 0.2x 0.9x
Altman Z-score 5.80 -1.07 –

Shareholder Returns

7 metrics
MetricBBECXMWC
Dividend yield – – –
Net buyback yield 0.7% – –
Shareholder yield 0.7% – –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBBECXMWC
Forward P/E 43.4xFY2026 – –
EPS, next fiscal year $0.22FY2026 $-0.02FY2026 –
EPS growth, next FY +37.5%FY2026 – –
EPS growth, the year after +13.6% – –
Revenue, next fiscal year $650.66MFY2026 $1.10BFY2026 –
Revenue growth, next FY +17.0%FY2026 +31.2%FY2026 –
Revenue growth, the year after +13.2% +25.0% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBBECXMWC
Held by institutions 50.9% 5.2% –
Institutions holding 286 39 –
Change in shares held, QoQ +12.6% +3.3% –
Institutions buying 194 23 –
Institutions selling 49 8 –
Buyers to sellers 3.96 2.88 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BBECXMWC
BB 1.00 0.21 0.06
ECX 0.21 1.00 0.15
MWC 0.06 0.15 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BB, ECX and MWC?

Blackberry (BB) is the largest by market capitalisation: Blackberry (BB) $5.59B, ECARX Holdings (ECX) $278.04M, Micware (MWC) $80.46M.

Which stock is cheaper, BB, ECX and MWC?

Micware (MWC) trades on the lowest price-to-earnings ratio (Blackberry (BB) 69.6x, ECARX Holdings (ECX) -8.0x, Micware (MWC) 8.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Blackberry (BB) grew revenue fastest over the trailing twelve months: Blackberry (BB) +14.4%, ECARX Holdings (ECX) +11.4%.

Which company is more profitable?

Blackberry (BB) has the highest net margin (Blackberry (BB) 13.1%, ECARX Holdings (ECX) -3.9%). On return on invested capital, Blackberry (BB) leads (Blackberry (BB) 7.5%, ECARX Holdings (ECX) -4.6%).

Which stock has performed better?

Over the past year Blackberry (BB) returned the most: Blackberry (BB) +99.0%, ECARX Holdings (ECX) -65.3%. Over five years, Blackberry (BB) compounded fastest (Blackberry (BB) -2.4%/yr, ECARX Holdings (ECX) -39.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Blackberry (BB) has been the steadiest (Blackberry (BB) 62.9%, ECARX Holdings (ECX) 82.7%, Micware (MWC) 174.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BB, ECX and MWC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Blackberry (BB) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.