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Side-by-side financial comparison of Apyx Medical Corp (APYX) 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 $19.2M, roughly 1.3× Apyx Medical Corp). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -6.8%, a 1.1% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs 2.1%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-2.8M). Over the past eight quarters, Apyx Medical Corp's revenue compounded faster (36.8% CAGR vs 10.5%).
Bovie Medical Corporation was an American medical device manufacturer of medical devices, electrosurgical products and energy technologies. It was based in Clearwater, Florida with a manufacturing facility in Bulgaria.
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.
APYX vs ITP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $19.2M | $25.6M |
| Net Profit | $-1.3M | $-1.4M |
| Gross Margin | 62.6% | 7.9% |
| Operating Margin | 0.1% | -3.9% |
| Net Margin | -6.8% | -5.7% |
| Revenue YoY | 34.7% | 2.1% |
| Net Profit YoY | 71.9% | 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 | $19.2M | — | ||
| Q3 25 | $12.9M | $25.6M | ||
| Q2 25 | $11.4M | $24.8M | ||
| Q1 25 | $9.4M | $10.9M | ||
| Q4 24 | $14.2M | $17.6M | ||
| Q3 24 | $11.5M | $25.1M | ||
| Q2 24 | $12.1M | $26.2M | ||
| Q1 24 | $10.2M | $6.9M |
| Q4 25 | $-1.3M | — | ||
| Q3 25 | $-2.0M | $-1.4M | ||
| Q2 25 | $-3.8M | $-2.0M | ||
| Q1 25 | $-4.2M | $-3.5M | ||
| Q4 24 | $-4.6M | $-4.0M | ||
| Q3 24 | $-4.7M | $-2.0M | ||
| Q2 24 | $-6.6M | $-77.7K | ||
| Q1 24 | $-7.6M | $-3.7M |
| Q4 25 | 62.6% | — | ||
| Q3 25 | 64.4% | 7.9% | ||
| Q2 25 | 62.3% | 5.1% | ||
| Q1 25 | 60.1% | 0.8% | ||
| Q4 24 | 63.0% | 6.3% | ||
| Q3 24 | 60.5% | 7.6% | ||
| Q2 24 | 61.7% | 12.4% | ||
| Q1 24 | 58.1% | 5.8% |
| Q4 25 | 0.1% | — | ||
| Q3 25 | -6.5% | -3.9% | ||
| Q2 25 | -22.6% | -7.1% | ||
| Q1 25 | -32.4% | -31.0% | ||
| Q4 24 | -21.4% | -21.5% | ||
| Q3 24 | -31.6% | -5.8% | ||
| Q2 24 | -45.7% | 2.1% | ||
| Q1 24 | -64.6% | -51.0% |
| Q4 25 | -6.8% | — | ||
| Q3 25 | -15.4% | -5.7% | ||
| Q2 25 | -33.2% | -7.9% | ||
| Q1 25 | -44.0% | -32.2% | ||
| Q4 24 | -32.5% | -22.9% | ||
| Q3 24 | -40.9% | -7.9% | ||
| Q2 24 | -54.0% | -0.3% | ||
| Q1 24 | -74.0% | -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 | $-0.19 | $-0.01 | ||
| Q1 24 | $-0.22 | $-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 | $31.7M | — |
| Total DebtLower is stronger | $37.5M | $4.7M |
| Stockholders' EquityBook value | $14.5M | $152.0M |
| Total Assets | $66.8M | $175.7M |
| Debt / EquityLower = less leverage | 2.58× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.7M | — | ||
| Q3 25 | $25.1M | — | ||
| Q2 25 | $29.3M | — | ||
| Q1 25 | $31.0M | — | ||
| Q4 24 | $31.7M | — | ||
| Q3 24 | $28.0M | — | ||
| Q2 24 | $32.7M | — | ||
| Q1 24 | $37.3M | — |
| Q4 25 | $37.5M | — | ||
| Q3 25 | $37.5M | $4.7M | ||
| Q2 25 | $37.5M | $4.7M | ||
| Q1 25 | $37.5M | $4.7M | ||
| Q4 24 | $37.5M | $4.7M | ||
| Q3 24 | $37.5M | $8.9M | ||
| Q2 24 | — | $11.3M | ||
| Q1 24 | — | $11.4M |
| Q4 25 | $14.5M | — | ||
| Q3 25 | $5.8M | $152.0M | ||
| Q2 25 | $7.3M | $152.3M | ||
| Q1 25 | $10.5M | $152.8M | ||
| Q4 24 | $14.2M | $156.1M | ||
| Q3 24 | $11.0M | $164.3M | ||
| Q2 24 | $14.7M | $163.5M | ||
| Q1 24 | $20.3M | $164.3M |
| Q4 25 | $66.8M | — | ||
| Q3 25 | $57.4M | $175.7M | ||
| Q2 25 | $58.2M | $175.2M | ||
| Q1 25 | $60.2M | $175.2M | ||
| Q4 24 | $64.8M | $177.5M | ||
| Q3 24 | $60.7M | $190.0M | ||
| Q2 24 | $65.4M | $191.4M | ||
| Q1 24 | $70.7M | $177.5M |
| Q4 25 | 2.58× | — | ||
| Q3 25 | 6.41× | 0.03× | ||
| Q2 25 | 5.17× | 0.03× | ||
| Q1 25 | 3.57× | 0.03× | ||
| Q4 24 | 2.64× | 0.03× | ||
| Q3 24 | 3.40× | 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 | $-2.5M | $1.5M |
| Free Cash FlowOCF − Capex | $-2.8M | $1.5M |
| FCF MarginFCF / Revenue | -14.6% | 5.9% |
| Capex IntensityCapex / Revenue | 1.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.1M | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $-3.5M | $1.5M | ||
| Q2 25 | $-1.2M | $1.4M | ||
| Q1 25 | $-702.0K | $-2.5M | ||
| Q4 24 | $-2.9M | $3.5M | ||
| Q3 24 | $-4.4M | $1.5M | ||
| Q2 24 | $-4.3M | $721.9K | ||
| Q1 24 | $-6.3M | $624.4K |
| Q4 25 | $-2.8M | — | ||
| Q3 25 | $-4.1M | $1.5M | ||
| Q2 25 | $-1.5M | $1.3M | ||
| Q1 25 | $-757.0K | $-2.5M | ||
| Q4 24 | $-3.2M | $3.5M | ||
| Q3 24 | $-4.6M | $1.2M | ||
| Q2 24 | $-4.6M | $668.3K | ||
| Q1 24 | $-6.4M | $615.4K |
| Q4 25 | -14.6% | — | ||
| Q3 25 | -31.5% | 5.9% | ||
| Q2 25 | -13.2% | 5.4% | ||
| Q1 25 | -8.0% | -22.8% | ||
| Q4 24 | -22.4% | 19.6% | ||
| Q3 24 | -40.0% | 4.9% | ||
| Q2 24 | -38.0% | 2.5% | ||
| Q1 24 | -62.2% | 9.0% |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 4.0% | 0.0% | ||
| Q2 25 | 2.3% | 0.1% | ||
| Q1 25 | 0.6% | 0.1% | ||
| Q4 24 | 1.7% | 0.1% | ||
| Q3 24 | 1.3% | 1.0% | ||
| Q2 24 | 2.4% | 0.2% | ||
| Q1 24 | 0.3% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
