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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.
IT TECH PACKAGING, INC. is the larger business by last-quarter revenue ($25.6M vs $13.2M, roughly 1.9× Ares Commercial Real Estate Corp). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -29.2%, a 23.6% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -24.5%). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -15.9%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
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.
ACRE vs ITP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $25.6M |
| Net Profit | $-3.9M | $-1.4M |
| Gross Margin | — | 7.9% |
| Operating Margin | -29.2% | -3.9% |
| Net Margin | -29.2% | -5.7% |
| Revenue YoY | -24.5% | 2.1% |
| Net Profit YoY | 63.8% | 26.6% |
| EPS (diluted) | — | $-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 | $13.2M | — | ||
| Q3 25 | $14.1M | $25.6M | ||
| Q2 25 | $12.6M | $24.8M | ||
| Q1 25 | $14.9M | $10.9M | ||
| Q4 24 | $17.5M | $17.6M | ||
| Q3 24 | $16.7M | $25.1M | ||
| Q2 24 | $16.8M | $26.2M | ||
| Q1 24 | $18.7M | $6.9M |
| Q4 25 | $-3.9M | — | ||
| Q3 25 | $4.7M | $-1.4M | ||
| Q2 25 | $-11.0M | $-2.0M | ||
| Q1 25 | $9.3M | $-3.5M | ||
| Q4 24 | $-10.7M | $-4.0M | ||
| Q3 24 | $-5.9M | $-2.0M | ||
| Q2 24 | $-6.1M | $-77.7K | ||
| Q1 24 | $-12.3M | $-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 | -29.2% | — | ||
| Q3 25 | 33.0% | -3.9% | ||
| Q2 25 | -87.8% | -7.1% | ||
| Q1 25 | 64.4% | -31.0% | ||
| Q4 24 | -61.0% | -21.5% | ||
| Q3 24 | -35.3% | -5.8% | ||
| Q2 24 | -36.5% | 2.1% | ||
| Q1 24 | -65.9% | -51.0% |
| Q4 25 | -29.2% | — | ||
| Q3 25 | 33.0% | -5.7% | ||
| Q2 25 | -87.8% | -7.9% | ||
| Q1 25 | 62.5% | -32.2% | ||
| Q4 24 | -60.9% | -22.9% | ||
| Q3 24 | -35.3% | -7.9% | ||
| Q2 24 | -36.5% | -0.3% | ||
| Q1 24 | -65.9% | -54.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.11 | ||
| Q2 25 | — | $-0.16 | ||
| Q1 25 | — | $-0.35 | ||
| Q4 24 | — | $-0.40 | ||
| Q3 24 | — | $-0.20 | ||
| Q2 24 | — | $-0.01 | ||
| Q1 24 | — | $-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 | $29.3M | — |
| Total DebtLower is stronger | $948.2M | $4.7M |
| Stockholders' EquityBook value | $509.6M | $152.0M |
| Total Assets | $1.6B | $175.7M |
| Debt / EquityLower = less leverage | 1.86× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | — | ||
| Q3 25 | $84.9M | — | ||
| Q2 25 | $90.0M | — | ||
| Q1 25 | $125.5M | — | ||
| Q4 24 | $63.8M | — | ||
| Q3 24 | $68.9M | — | ||
| Q2 24 | $70.6M | — | ||
| Q1 24 | $99.5M | — |
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $4.7M | ||
| Q4 24 | $718.5M | $4.7M | ||
| Q3 24 | — | $8.9M | ||
| Q2 24 | — | $11.3M | ||
| Q1 24 | — | $11.4M |
| Q4 25 | $509.6M | — | ||
| Q3 25 | $521.0M | $152.0M | ||
| Q2 25 | $523.7M | $152.3M | ||
| Q1 25 | $542.1M | $152.8M | ||
| Q4 24 | $540.1M | $156.1M | ||
| Q3 24 | $563.8M | $164.3M | ||
| Q2 24 | $582.3M | $163.5M | ||
| Q1 24 | $601.1M | $164.3M |
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.4B | $175.7M | ||
| Q2 25 | $1.4B | $175.2M | ||
| Q1 25 | $1.5B | $175.2M | ||
| Q4 24 | $1.8B | $177.5M | ||
| Q3 24 | $1.9B | $190.0M | ||
| Q2 24 | $2.1B | $191.4M | ||
| Q1 24 | $2.1B | $177.5M |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | 1.33× | 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 | $21.4M | $1.5M |
| Free Cash FlowOCF − Capex | — | $1.5M |
| FCF MarginFCF / Revenue | — | 5.9% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | — | ||
| Q3 25 | $3.8M | $1.5M | ||
| Q2 25 | $4.9M | $1.4M | ||
| Q1 25 | $8.0M | $-2.5M | ||
| Q4 24 | $35.5M | $3.5M | ||
| Q3 24 | $8.4M | $1.5M | ||
| Q2 24 | $8.7M | $721.9K | ||
| Q1 24 | $11.4M | $624.4K |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $1.3M | ||
| Q1 25 | — | $-2.5M | ||
| Q4 24 | — | $3.5M | ||
| Q3 24 | — | $1.2M | ||
| Q2 24 | — | $668.3K | ||
| Q1 24 | — | $615.4K |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | -22.8% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 9.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
