ECX vs PONY vs BIDU Stock Comparison

ECARX Holdings, Pony AI and Baidu Prices as of Oct 26, 2026 Peers: Industry group
ECX ECARX Holdings Inc.
$0.80 -26.6% 1M -64.9% 1Y
Market cap
$265.88M
P/E
–
Revenue (TTM)
$881.30M
Div. yield
–
Autonomous Driving Technology
1 win
PONY Pony AI Inc.
$5.05 -26.7% 1M -72.6% 1Y
Market cap
$1.92B
P/E
–
Revenue (TTM)
$125.04M
Div. yield
–
Autonomous Driving Technology
1 win
BIDU Baidu, Inc.
$77.85 -10.9% 1M -36.6% 1Y
Market cap
$2.65B
P/E
–
Revenue (TTM)
$18.33B
Div. yield
–
AI Platforms Technology
6 wins

Head to Head

8 decided of 12

Baidu leads on 6 of the 12 questions below (Baidu 6, Pony AI 1, ECARX Holdings 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionECXPONYBIDULeader
Larger companyMarket capitalisation $265.88M $1.92B $2.65B BIDU
Cheaper on earningsLower P/E, profitable companies only -7.7x -14.0x -5.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 13.8x –
Faster revenue growthRevenue growth, trailing twelve months +11.4% +45.8% -0.9% PONY
More profitableNet margin, trailing twelve months -3.9% -109.6% -2.6% BIDU
Better return on capitalReturn on invested capital -4.6% — -2.0% BIDU
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -64.9% -72.6% -36.6% BIDU
Better 5-year returnAnnualised price return, 5 years -39.4%/yr — -14.2%/yr BIDU
Less volatileAnnualised volatility, 1 year 82.8% 67.4% 47.1% BIDU
Higher overall scoreMean of the five percentile scores vs peers 77/100 76/100 55/100 ECX

Percentile Scorecard

ECXPONYBIDU

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

AxisECXPONYBIDU
Valuation 100 #1 of 13 67 #5 of 13 92 #11 of 124
Growth 100 #1 of 12 82 #3 of 12 19 #92 of 113
Profitability 100 #1 of 12 73 #4 of 12 54 #51 of 110
Financial Health 8 #12 of 13 83 #3 of 13 57 #56 of 129
Shareholder Returns – – –
Overall 77 76 55
  • ECX ranked among 14 companies in Robotics and Automation
  • PONY ranked among 14 companies in Robotics and Automation
  • BIDU ranked among 137 companies in Infrastructure Software

Price Performance

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

Returns

PeriodECXPONYBIDUSPY
1 month -26.6%-26.7%-10.9% -0.8%
3 months -25.9%-31.6%-26.1% +3.5%
6 months -30.4%-52.1%-39.2% +7.0%
Year to date -53.5%-65.2%-40.4% +12.2%
1 year -64.9%-72.6%-36.6% +13.0%
3 years -80.0%—-27.3% +86.3%
3 years, per year -41.5%—-10.1% +23.1%
5 years -91.8%—-53.6% +68.6%
5 years, per year -39.4%—-14.2% +11.0%
10 years ——-55.0% +258.0%
10 years, per year ——-7.7% +13.6%

Risk

MeasureECXPONYBIDUSPY
Volatility, 1Y 82.8%67.4%47.1% 12.7%
Downside volatility, 1Y 91.2%70.6%45.0% 12.7%
Beta vs S&P 500, 1Y 1.402.821.66 1.00
Return / volatility, 1Y -0.78-1.08-0.78 1.02
Max drawdown, 5Y -92.6%-82.4%-55.3% -25.4%
From 52-week high -69.7%-76.9%-52.1% -1.8%
52-week high $2.64$21.87$162.52 $779.14
52-week low $0.80$4.93$77.20 $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.

MultipleECXPONYBIDU
P/E now vs peer median -7.8x -14.0x -5.6xmedian 38.1x
P/S now vs peer median 0.3xmedian 17.8x 17.5xmedian 17.8x 1.4xmedian 4.3x
EV/EBITDA now vs peer median — — —median 35.4x
P/FCF now vs peer median —median 14.0x -10.8xmedian 14.0x 5.5xmedian 27.1x
P/B now vs peer median -0.9xmedian 1.0x 1.4xmedian 1.0x 0.6xmedian 3.4x
PEG now vs peer median -0.16 — 0.10median 1.27

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 monthsECXPONYBIDU
Revenue $881.30M $125.04M $18.33B
Gross profit $184.00M $20.29M $1.81B
Operating income -$8.80M -$267.63M -$999.00M
Net income -$35.90M -$99.78M -$543.00M
Free cash flow – -$203.60M $4.78B
R&D $107.60M $225.02M $2.84B
EPS (diluted) $-0.10 $-0.36 $-11.24
Cash & equivalents $156.16M $327.11M $3.61B
Total debt $556.66M – $42.23B
Shares (diluted) 338.66M 379.91M 42.88M
Enterprise value -$26.73M $1.92B -$72.80B

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
MetricECXPONYBIDU
P/E -7.8x -14.0x -5.6x
P/FCF – -10.8x 5.5x
P/Operating cash flow – -10.8x 17.9x
P/S 0.3x 17.5x 1.4x
P/B -0.9x 1.4x 0.6x
P/Tangible book -0.8x 1.4x 0.7x
EV/EBITDA – – –
EV/EBIT -73.7x -4.0x -13.0x
EV/Revenue 0.7x 8.6x 0.7x
EV/FCF – -5.3x 2.7x
EV/Operating cash flow – -5.3x 8.8x
PEG (3Y EPS CAGR) -0.16 – 0.10

Growth

14 metrics
MetricECXPONYBIDU
Revenue growth (1Y) 11.4% 45.8% -0.9%
Revenue CAGR (3Y) 15.7% – -0.5%
Gross profit growth (1Y) 29.9% 39.0% 12,345%
Gross profit CAGR (3Y) 6.1% – -36.6%
Operating income growth (1Y) 92.7% 19.2% -140.6%
Operating income CAGR (3Y) 63.2% – -32.9%
Net income growth (1Y) 74.6% 66.7% -114.0%
Net income CAGR (3Y) 41.5% – -30.7%
EPS growth (1Y) 74.4% 86.9% -201.2%
EPS CAGR (3Y) 47.8% – -55.3%
Operating cash flow growth (1Y) – -55.2% 2,449%
Operating cash flow CAGR (3Y) – – -31.9%
Free cash flow growth (1Y) – -55.2% 236.1%
Free cash flow CAGR (3Y) – – -6.5%

Profitability

14 metrics
MetricECXPONYBIDU
Gross margin 20.9% 16.2% 9.9%
EBITDA margin – – –
Operating margin -1.0% -214.0% -5.5%
Pretax margin -2.2% -68.0% -2.3%
Net margin -3.9% -109.6% -2.6%
FCF margin – -162.8% 26.1%
Operating cash flow margin – -162.8% 8.1%
Return on equity – – -1.3%
Return on assets -4.2% – -0.8%
Return on invested capital -4.6% – -2.0%
Return on capital employed – – -1.8%
Asset turnover 1.0x – 0.3x
Cash conversion (OCF / net income) – 2.0x -2.7x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricECXPONYBIDU
Debt / assets 56.5% – 15.8%
Debt / equity -2.1x – 0.3x
Net debt / EBITDA – – –
Debt / FCF – – 2.3x
Liabilities / assets 127.0% 9.4% 40.1%
Equity / assets -27.0% 90.6% 59.9%
Interest coverage -0.3x – -2.7x
Current ratio 0.7x 15.9x 2.3x
Quick ratio 0.5x 15.1x 2.0x
Cash ratio 0.2x 14.4x 1.9x
Altman Z-score -1.07 – –

Shareholder Returns

7 metrics
MetricECXPONYBIDU
Dividend yield – – –
Net buyback yield – – –
Shareholder yield – – –
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.

ConsensusECXPONYBIDU
Forward P/E – – 13.8xFY2026
EPS, next fiscal year $-0.02FY2026 $-0.61FY2026 $5.66FY2026
EPS growth, next FY – – -25.9%FY2026
EPS growth, the year after – – +20.8%
Revenue, next fiscal year $1.10BFY2026 $144.05MFY2026 $19.48BFY2026
Revenue growth, next FY +31.2%FY2026 +60.1%FY2026 +5.6%FY2026
Revenue growth, the year after +25.0% +110.8% -0.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersECXPONYBIDU
Held by institutions 5.2% 35.9% 17.5%
Institutions holding 39 155 490
Change in shares held, QoQ +3.3% +22.5% +8.1%
Institutions buying 23 101 236
Institutions selling 8 33 144
Buyers to sellers 2.88 3.06 1.64

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.

ECXPONYBIDU
ECX 1.00 0.15 0.11
PONY 0.15 1.00 0.45
BIDU 0.11 0.45 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ECX, PONY and BIDU?

Baidu (BIDU) is the largest by market capitalisation: ECARX Holdings (ECX) $265.88M, Pony AI (PONY) $1.92B, Baidu (BIDU) $2.65B.

Which company is growing faster?

Pony AI (PONY) grew revenue fastest over the trailing twelve months: ECARX Holdings (ECX) +11.4%, Pony AI (PONY) +45.8%, Baidu (BIDU) -0.9%.

Which company is more profitable?

Baidu (BIDU) has the highest net margin (ECARX Holdings (ECX) -3.9%, Pony AI (PONY) -109.6%, Baidu (BIDU) -2.6%). On return on invested capital, Baidu (BIDU) leads (ECARX Holdings (ECX) -4.6%, Baidu (BIDU) -2.0%).

Which stock has performed better?

Over the past year Baidu (BIDU) returned the most: ECARX Holdings (ECX) -64.9%, Pony AI (PONY) -72.6%, Baidu (BIDU) -36.6%. Over five years, Baidu (BIDU) compounded fastest (ECARX Holdings (ECX) -39.4%/yr, Baidu (BIDU) -14.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Baidu (BIDU) has been the steadiest (ECARX Holdings (ECX) 82.8%, Pony AI (PONY) 67.4%, Baidu (BIDU) 47.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ECX, PONY and BIDU?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Baidu (BIDU) leads on 6. 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.