vs
Side-by-side financial comparison of Aterian, Inc. (ATER) 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 $15.1M, roughly 1.7× Aterian, Inc.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -52.5%, a 46.9% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -38.5%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-1.0M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -13.5%).
Aterian, Inc. is a technology-enabled consumer products company that leverages artificial intelligence and data analytics to identify market demand, develop, source and distribute a wide portfolio of affordable goods spanning home improvement, wellness, personal care, pet supplies and outdoor recreation. It primarily sells its products through leading global e-commerce platforms, with core markets covering North America and Europe.
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.
ATER vs ITP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $25.6M |
| Net Profit | $-7.9M | $-1.4M |
| Gross Margin | 56.1% | 7.9% |
| Operating Margin | -51.1% | -3.9% |
| Net Margin | -52.5% | -5.7% |
| Revenue YoY | -38.5% | 2.1% |
| Net Profit YoY | -512.2% | 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 | $15.1M | — | ||
| Q3 25 | $19.0M | $25.6M | ||
| Q2 25 | $19.5M | $24.8M | ||
| Q1 25 | $15.4M | $10.9M | ||
| Q4 24 | $24.6M | $17.6M | ||
| Q3 24 | $26.2M | $25.1M | ||
| Q2 24 | $28.0M | $26.2M | ||
| Q1 24 | $20.2M | $6.9M |
| Q4 25 | $-7.9M | — | ||
| Q3 25 | $-2.3M | $-1.4M | ||
| Q2 25 | $-4.9M | $-2.0M | ||
| Q1 25 | $-3.9M | $-3.5M | ||
| Q4 24 | $-1.3M | $-4.0M | ||
| Q3 24 | $-1.8M | $-2.0M | ||
| Q2 24 | $-3.6M | $-77.7K | ||
| Q1 24 | $-5.2M | $-3.7M |
| Q4 25 | 56.1% | — | ||
| Q3 25 | 56.1% | 7.9% | ||
| Q2 25 | 54.3% | 5.1% | ||
| Q1 25 | 61.4% | 0.8% | ||
| Q4 24 | 63.4% | 6.3% | ||
| Q3 24 | 60.3% | 7.6% | ||
| Q2 24 | 60.4% | 12.4% | ||
| Q1 24 | 65.1% | 5.8% |
| Q4 25 | -51.1% | — | ||
| Q3 25 | -10.7% | -3.9% | ||
| Q2 25 | -23.1% | -7.1% | ||
| Q1 25 | -24.1% | -31.0% | ||
| Q4 24 | -6.5% | -21.5% | ||
| Q3 24 | -6.6% | -5.8% | ||
| Q2 24 | -11.5% | 2.1% | ||
| Q1 24 | -26.1% | -51.0% |
| Q4 25 | -52.5% | — | ||
| Q3 25 | -12.0% | -5.7% | ||
| Q2 25 | -25.0% | -7.9% | ||
| Q1 25 | -25.4% | -32.2% | ||
| Q4 24 | -5.3% | -22.9% | ||
| Q3 24 | -6.8% | -7.9% | ||
| Q2 24 | -13.0% | -0.3% | ||
| Q1 24 | -25.5% | -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 | $4.9M | — |
| Total DebtLower is stronger | — | $4.7M |
| Stockholders' EquityBook value | $15.2M | $152.0M |
| Total Assets | $29.6M | $175.7M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | — | ||
| Q3 25 | $7.6M | — | ||
| Q2 25 | $10.5M | — | ||
| Q1 25 | $14.3M | — | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $16.1M | — | ||
| Q2 24 | $20.3M | — | ||
| Q1 24 | $17.5M | — |
| 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 | $15.2M | — | ||
| Q3 25 | $22.6M | $152.0M | ||
| Q2 25 | $24.3M | $152.3M | ||
| Q1 25 | $27.0M | $152.8M | ||
| Q4 24 | $30.0M | $156.1M | ||
| Q3 24 | $30.6M | $164.3M | ||
| Q2 24 | $30.9M | $163.5M | ||
| Q1 24 | $33.0M | $164.3M |
| Q4 25 | $29.6M | — | ||
| Q3 25 | $40.1M | $175.7M | ||
| Q2 25 | $45.4M | $175.2M | ||
| Q1 25 | $49.8M | $175.2M | ||
| Q4 24 | $49.5M | $177.5M | ||
| Q3 24 | $52.1M | $190.0M | ||
| Q2 24 | $59.9M | $191.4M | ||
| Q1 24 | $55.7M | $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 | $-1.0M | $1.5M |
| Free Cash FlowOCF − Capex | $-1.0M | $1.5M |
| FCF MarginFCF / Revenue | -6.9% | 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.
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-1.6M | $1.5M | ||
| Q2 25 | $-4.4M | $1.4M | ||
| Q1 25 | $-3.9M | $-2.5M | ||
| Q4 24 | $-9.0K | $3.5M | ||
| Q3 24 | $-722.0K | $1.5M | ||
| Q2 24 | $2.9M | $721.9K | ||
| Q1 24 | $-6.0K | $624.4K |
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-1.6M | $1.5M | ||
| Q2 25 | $-4.4M | $1.3M | ||
| Q1 25 | — | $-2.5M | ||
| Q4 24 | — | $3.5M | ||
| Q3 24 | — | $1.2M | ||
| Q2 24 | $2.9M | $668.3K | ||
| Q1 24 | $-42.0K | $615.4K |
| Q4 25 | -6.9% | — | ||
| Q3 25 | -8.4% | 5.9% | ||
| Q2 25 | -22.7% | 5.4% | ||
| Q1 25 | — | -22.8% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | 10.3% | 2.5% | ||
| Q1 24 | -0.2% | 9.0% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.2% | 0.0% | ||
| Q2 25 | 0.0% | 0.1% | ||
| Q1 25 | 0.0% | 0.1% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.0% | 1.0% | ||
| Q2 24 | 0.0% | 0.2% | ||
| Q1 24 | 0.2% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
ITP
Segment breakdown not available.
