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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) 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 $23.1M, roughly 1.1× ADC Therapeutics SA). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs 2.1%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs 10.5%).

ADC Telecommunications, Inc. was a communications company in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. It was acquired by TE Connectivity in December 2010 and ceased to exist as a separate entity. ADC products were sold by CommScope after it acquired the Broadband Network Solutions business unit from TE Connectivity in August 2015.

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.

ADCT vs ITP — Head-to-Head

Bigger by revenue
ITP
ITP
1.1× larger
ITP
$25.6M
$23.1M
ADCT
Growing faster (revenue YoY)
ADCT
ADCT
+34.3% gap
ADCT
36.4%
2.1%
ITP
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
10.5%
ITP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ADCT
ADCT
ITP
ITP
Revenue
$23.1M
$25.6M
Net Profit
$-1.4M
Gross Margin
7.9%
Operating Margin
-77.7%
-3.9%
Net Margin
-5.7%
Revenue YoY
36.4%
2.1%
Net Profit YoY
26.6%
EPS (diluted)
$0.04
$-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.

Revenue
ADCT
ADCT
ITP
ITP
Q4 25
$23.1M
Q3 25
$15.8M
$25.6M
Q2 25
$18.1M
$24.8M
Q1 25
$17.4M
$10.9M
Q4 24
$16.9M
$17.6M
Q3 24
$18.0M
$25.1M
Q2 24
$17.0M
$26.2M
Q1 24
$17.8M
$6.9M
Net Profit
ADCT
ADCT
ITP
ITP
Q4 25
Q3 25
$-41.0M
$-1.4M
Q2 25
$-56.6M
$-2.0M
Q1 25
$-38.6M
$-3.5M
Q4 24
$-4.0M
Q3 24
$-44.0M
$-2.0M
Q2 24
$-36.5M
$-77.7K
Q1 24
$-46.6M
$-3.7M
Gross Margin
ADCT
ADCT
ITP
ITP
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%
Operating Margin
ADCT
ADCT
ITP
ITP
Q4 25
-77.7%
Q3 25
-196.6%
-3.9%
Q2 25
-244.1%
-7.1%
Q1 25
-163.5%
-31.0%
Q4 24
-191.8%
-21.5%
Q3 24
-197.4%
-5.8%
Q2 24
-170.5%
2.1%
Q1 24
-188.3%
-51.0%
Net Margin
ADCT
ADCT
ITP
ITP
Q4 25
Q3 25
-260.1%
-5.7%
Q2 25
-313.2%
-7.9%
Q1 25
-221.8%
-32.2%
Q4 24
-22.9%
Q3 24
-244.1%
-7.9%
Q2 24
-214.6%
-0.3%
Q1 24
-261.1%
-54.6%
EPS (diluted)
ADCT
ADCT
ITP
ITP
Q4 25
$0.04
Q3 25
$-0.30
$-0.11
Q2 25
$-0.50
$-0.16
Q1 25
$-0.36
$-0.35
Q4 24
$-0.26
$-0.40
Q3 24
$-0.42
$-0.20
Q2 24
$-0.38
$-0.01
Q1 24
$-0.56
$-0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADCT
ADCT
ITP
ITP
Cash + ST InvestmentsLiquidity on hand
$261.3M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$-185.8M
$152.0M
Total Assets
$323.1M
$175.7M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
ITP
ITP
Q4 25
$261.3M
Q3 25
$234.7M
Q2 25
$264.6M
Q1 25
$194.7M
Q4 24
$250.9M
Q3 24
$274.3M
Q2 24
$300.1M
Q1 24
$234.3M
Total Debt
ADCT
ADCT
ITP
ITP
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
Stockholders' Equity
ADCT
ADCT
ITP
ITP
Q4 25
$-185.8M
Q3 25
$-238.2M
$152.0M
Q2 25
$-199.2M
$152.3M
Q1 25
$-238.2M
$152.8M
Q4 24
$-202.6M
$156.1M
Q3 24
$-171.9M
$164.3M
Q2 24
$-131.7M
$163.5M
Q1 24
$-194.4M
$164.3M
Total Assets
ADCT
ADCT
ITP
ITP
Q4 25
$323.1M
Q3 25
$289.8M
$175.7M
Q2 25
$321.6M
$175.2M
Q1 25
$272.5M
$175.2M
Q4 24
$322.0M
$177.5M
Q3 24
$349.1M
$190.0M
Q2 24
$371.8M
$191.4M
Q1 24
$308.0M
$177.5M
Debt / Equity
ADCT
ADCT
ITP
ITP
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
ADCT
ADCT
ITP
ITP
Operating Cash FlowLast quarter
$-31.1M
$1.5M
Free Cash FlowOCF − Capex
$1.5M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
ITP
ITP
Q4 25
$-31.1M
Q3 25
$-29.6M
$1.5M
Q2 25
$-24.1M
$1.4M
Q1 25
$-56.3M
$-2.5M
Q4 24
$-21.9M
$3.5M
Q3 24
$-25.0M
$1.5M
Q2 24
$-32.8M
$721.9K
Q1 24
$-44.1M
$624.4K
Free Cash Flow
ADCT
ADCT
ITP
ITP
Q4 25
Q3 25
$1.5M
Q2 25
$1.3M
Q1 25
$-56.6M
$-2.5M
Q4 24
$-21.9M
$3.5M
Q3 24
$-25.3M
$1.2M
Q2 24
$-32.9M
$668.3K
Q1 24
$-44.6M
$615.4K
FCF Margin
ADCT
ADCT
ITP
ITP
Q4 25
Q3 25
5.9%
Q2 25
5.4%
Q1 25
-325.2%
-22.8%
Q4 24
-129.8%
19.6%
Q3 24
-140.2%
4.9%
Q2 24
-193.0%
2.5%
Q1 24
-250.0%
9.0%
Capex Intensity
ADCT
ADCT
ITP
ITP
Q4 25
0.0%
Q3 25
0.0%
0.0%
Q2 25
0.0%
0.1%
Q1 25
1.5%
0.1%
Q4 24
0.5%
0.1%
Q3 24
1.2%
1.0%
Q2 24
0.2%
0.2%
Q1 24
3.0%
0.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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