ECARX Holdings (ECX) Gross Margin (2021 - 2026)
ECARX Holdings' Gross Margin was 7.02% in the quarter ended Sep 30, 2026, down 14.90 percentage points from 21.92% a year earlier and down 12.74 percentage points from the prior quarter.
ECARX Holdings (ECX) Gross Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, ECARX Holdings' Gross Margin was 16.99% through Sep 30, 2026, down 2.15 percentage points year-over-year; for the year ended Dec 31, 2025, it was 19.02%, down 1.73 percentage points from the prior year.
- Gross Margin has now declined for four consecutive years, with a five-year change of -5.58 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Gross Margin was 20.75% in the year ended Dec 31, 2024 (-6.22 pp), 26.97% in the year ended Dec 31, 2023 (-0.87 pp), 27.85% in the year ended Dec 31, 2022 (-1.56 pp) and 29.40% in the year ended Dec 31, 2021 (+4.80 pp).
- The figure for the quarter ended Sep 30, 2026 marks the lowest quarterly Gross Margin in data going back to the quarter ended Dec 31, 2021.
- Compared with a year earlier, Gross Margin was higher in three of the last eight quarters, with an average year-over-year change of -2.06 percentage points.
- The best year-over-year quarter for Gross Margin over five years was the quarter ended Sep 30, 2023 (a gain of 11.48 percentage points); the worst was the quarter ended Sep 30, 2026 (a drop of 14.90 percentage points).
- Per Business Quant data, ECX's Gross Margin in the three quarters before the quarter ended Sep 30, 2026 was 19.76% (quarter ended Jun 30, 2026), 21.44% (quarter ended Mar 31, 2026) and 20.91% (quarter ended Dec 31, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Aurora Innovation | 9.22 Bn | 4.47 Bn | -5.00 Mn | -166.67% |
| 2 | Mobileye Global | 4.80 Bn | -908.32 Mn | 261.00 Mn | 53.05% |
| 3 | Pony AI | 1.79 Bn | 1.54 Bn | - | - |
| 4 | NightFood Holdings | 1.52 Bn | 1.52 Bn | 1.61 Mn | 65.93% |
| 5 | WeRide | 1.34 Bn | -1.36 Bn | - | - |
| 6 | Serve Robotics | 275.15 Mn | -579.22 Mn | -7.56 Mn | -266.49% |
| 7 | ECARX Holdings | 259.41 Mn | -114.48 Mn | - | - |
| 8 | Kodiak AI | 251.84 Mn | -256.28 Mn | - | - |
| 9 | Securetech Innovations | 248.87 Mn | 248.87 Mn | - | - |
| 10 | Richtech Robotics | 206.87 Mn | -1.08 Bn | 802,000.00 | 58.41% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.02% |
| Jun 30, 2026 | 19.76% |
| Mar 31, 2026 | 21.44% |
| Dec 31, 2025 | 20.91% |
| Sep 30, 2025 | 21.65% |
| Jun 30, 2025 | 10.80% |
| Mar 31, 2025 | 19.80% |
| Dec 31, 2024 | 21.28% |
| Sep 30, 2024 | 17.26% |
| Jun 30, 2024 | 23.20% |
| Mar 31, 2024 | 22.10% |
| Dec 31, 2023 | 23.03% |
| Sep 30, 2023 | 30.61% |
| Jun 30, 2023 | 31.28% |
| Mar 31, 2023 | 27.63% |
| Dec 31, 2022 | 28.00% |
| Sep 30, 2022 | 19.13% |
| Jun 30, 2022 | 43.90% |
| Mar 31, 2022 | 21.18% |
| Dec 31, 2021 | 30.91% |
ECARX Holdings Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ECX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ECX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ECX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();