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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.
AbCellera Biologics Inc. is the larger business by last-quarter revenue ($44.9M vs $25.6M, roughly 1.8× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -19.9%, a 14.3% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 2.1%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-44.6M). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 10.5%).
AbCellera Biologics Inc. is a Vancouver, British Columbia-based biotechnology company that discovers and develops antibody therapeutics. The company is best known for its leading role in the Pandemic Prevention Platform, a project of DARPA's Biological Technologies Office. AbCellera utilizes a proprietary technology platform, which they claim can develop "medical countermeasures within 60 days." Its platform for single-cell screening was initially developed at the University of British Columbia.
IT TECH PACKAGING, INC. is a paper manufacturing enterprise primarily operating in China. It produces and distributes a diverse portfolio of paper products including corrugated packaging paper, boxboard, and printing-use cultural paper, serving sectors such as consumer goods packaging, logistics, and commercial printing across its core market.
ABCL vs ITP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $25.6M |
| Net Profit | $-8.9M | $-1.4M |
| Gross Margin | — | 7.9% |
| Operating Margin | -63.7% | -3.9% |
| Net Margin | -19.9% | -5.7% |
| Revenue YoY | 788.4% | 2.1% |
| Net Profit YoY | 73.9% | 26.6% |
| EPS (diluted) | $-0.03 | $-0.11 |
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.
| Q4 25 | $44.9M | — | ||
| Q3 25 | $9.0M | $25.6M | ||
| Q2 25 | $17.1M | $24.8M | ||
| Q1 25 | $4.2M | $10.9M | ||
| Q4 24 | $5.0M | $17.6M | ||
| Q3 24 | $6.5M | $25.1M | ||
| Q2 24 | $7.3M | $26.2M | ||
| Q1 24 | $10.0M | $6.9M |
| Q4 25 | $-8.9M | — | ||
| Q3 25 | $-57.1M | $-1.4M | ||
| Q2 25 | $-34.7M | $-2.0M | ||
| Q1 25 | $-45.6M | $-3.5M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | $-51.1M | $-2.0M | ||
| Q2 24 | $-36.9M | $-77.7K | ||
| Q1 24 | $-40.6M | $-3.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 12.4% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | -63.7% | — | ||
| Q3 25 | -851.8% | -3.9% | ||
| Q2 25 | -290.2% | -7.1% | ||
| Q1 25 | -1479.6% | -31.0% | ||
| Q4 24 | — | -21.5% | ||
| Q3 24 | -1439.4% | -5.8% | ||
| Q2 24 | -1276.2% | 2.1% | ||
| Q1 24 | -551.5% | -51.0% |
| Q4 25 | -19.9% | — | ||
| Q3 25 | -637.8% | -5.7% | ||
| Q2 25 | -203.3% | -7.9% | ||
| Q1 25 | -1077.2% | -32.2% | ||
| Q4 24 | — | -22.9% | ||
| Q3 24 | -785.4% | -7.9% | ||
| Q2 24 | -504.3% | -0.3% | ||
| Q1 24 | -408.0% | -54.6% |
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.19 | $-0.11 | ||
| Q2 25 | $-0.12 | $-0.16 | ||
| Q1 25 | $-0.15 | $-0.35 | ||
| Q4 24 | — | $-0.40 | ||
| Q3 24 | $-0.17 | $-0.20 | ||
| Q2 24 | $-0.13 | $-0.01 | ||
| Q1 24 | $-0.14 | $-0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.5M | — |
| Total DebtLower is stronger | — | $4.7M |
| Stockholders' EquityBook value | $966.9M | $152.0M |
| Total Assets | $1.4B | $175.7M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | — | ||
| Q3 25 | $83.2M | — | ||
| Q2 25 | $92.4M | — | ||
| Q1 25 | $159.3M | — | ||
| Q4 24 | $156.3M | — | ||
| Q3 24 | $126.6M | — | ||
| Q2 24 | $148.3M | — | ||
| Q1 24 | $123.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $4.7M | ||
| Q4 24 | — | $4.7M | ||
| Q3 24 | — | $8.9M | ||
| Q2 24 | — | $11.3M | ||
| Q1 24 | — | $11.4M |
| Q4 25 | $966.9M | — | ||
| Q3 25 | $964.0M | $152.0M | ||
| Q2 25 | $1.0B | $152.3M | ||
| Q1 25 | $1.0B | $152.8M | ||
| Q4 24 | $1.1B | $156.1M | ||
| Q3 24 | $1.1B | $164.3M | ||
| Q2 24 | $1.1B | $163.5M | ||
| Q1 24 | $1.1B | $164.3M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $175.7M | ||
| Q2 25 | $1.4B | $175.2M | ||
| Q1 25 | $1.3B | $175.2M | ||
| Q4 24 | $1.4B | $177.5M | ||
| Q3 24 | $1.4B | $190.0M | ||
| Q2 24 | $1.4B | $191.4M | ||
| Q1 24 | $1.5B | $177.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.03× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.07× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-34.7M | $1.5M |
| Free Cash FlowOCF − Capex | $-44.6M | $1.5M |
| FCF MarginFCF / Revenue | -99.4% | 5.9% |
| Capex IntensityCapex / Revenue | 21.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-174.1M | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.7M | — | ||
| Q3 25 | $-52.6M | $1.5M | ||
| Q2 25 | $-32.4M | $1.4M | ||
| Q1 25 | $-11.6M | $-2.5M | ||
| Q4 24 | $-108.6M | $3.5M | ||
| Q3 24 | $-28.9M | $1.5M | ||
| Q2 24 | $-30.0M | $721.9K | ||
| Q1 24 | $-41.7M | $624.4K |
| Q4 25 | $-44.6M | — | ||
| Q3 25 | $-61.5M | $1.5M | ||
| Q2 25 | $-45.8M | $1.3M | ||
| Q1 25 | $-22.2M | $-2.5M | ||
| Q4 24 | $-187.0M | $3.5M | ||
| Q3 24 | $-47.4M | $1.2M | ||
| Q2 24 | $-50.1M | $668.3K | ||
| Q1 24 | $-65.8M | $615.4K |
| Q4 25 | -99.4% | — | ||
| Q3 25 | -687.0% | 5.9% | ||
| Q2 25 | -267.9% | 5.4% | ||
| Q1 25 | -524.0% | -22.8% | ||
| Q4 24 | -3702.8% | 19.6% | ||
| Q3 24 | -728.4% | 4.9% | ||
| Q2 24 | -683.8% | 2.5% | ||
| Q1 24 | -661.5% | 9.0% |
| Q4 25 | 21.9% | — | ||
| Q3 25 | 99.7% | 0.0% | ||
| Q2 25 | 78.2% | 0.1% | ||
| Q1 25 | 251.1% | 0.1% | ||
| Q4 24 | 1552.7% | 0.1% | ||
| Q3 24 | 284.6% | 1.0% | ||
| Q2 24 | 274.6% | 0.2% | ||
| Q1 24 | 242.5% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
