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Side-by-side financial comparison of Biofrontera Inc. (BFRI) 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 $17.1M, roughly 1.5× Biofrontera Inc.). Biofrontera Inc. runs the higher net margin — 33.0% vs -5.7%, a 38.6% gap on every dollar of revenue. On growth, Biofrontera Inc. posted the faster year-over-year revenue change (36.2% vs 2.1%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-2.4M). Over the past eight quarters, Biofrontera Inc.'s revenue compounded faster (47.0% CAGR vs 10.5%).

Biofrontera Inc. is a specialty biopharmaceutical enterprise focused on developing and commercializing prescription dermatological products. Its core product line targets skin conditions including actinic keratosis and other dermatological disorders, with primary operating markets in the United States and European Union, serving patients and dermatology care providers.

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.

BFRI vs ITP — Head-to-Head

Bigger by revenue
ITP
ITP
1.5× larger
ITP
$25.6M
$17.1M
BFRI
Growing faster (revenue YoY)
BFRI
BFRI
+34.1% gap
BFRI
36.2%
2.1%
ITP
Higher net margin
BFRI
BFRI
38.6% more per $
BFRI
33.0%
-5.7%
ITP
More free cash flow
ITP
ITP
$3.9M more FCF
ITP
$1.5M
$-2.4M
BFRI
Faster 2-yr revenue CAGR
BFRI
BFRI
Annualised
BFRI
47.0%
10.5%
ITP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BFRI
BFRI
ITP
ITP
Revenue
$17.1M
$25.6M
Net Profit
$5.6M
$-1.4M
Gross Margin
7.9%
Operating Margin
26.6%
-3.9%
Net Margin
33.0%
-5.7%
Revenue YoY
36.2%
2.1%
Net Profit YoY
504.0%
26.6%
EPS (diluted)
$0.62
$-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
BFRI
BFRI
ITP
ITP
Q4 25
$17.1M
Q3 25
$7.0M
$25.6M
Q2 25
$9.0M
$24.8M
Q1 25
$8.6M
$10.9M
Q4 24
$12.6M
$17.6M
Q3 24
$9.0M
$25.1M
Q2 24
$7.8M
$26.2M
Q1 24
$7.9M
$6.9M
Net Profit
BFRI
BFRI
ITP
ITP
Q4 25
$5.6M
Q3 25
$-6.6M
$-1.4M
Q2 25
$-5.3M
$-2.0M
Q1 25
$-4.2M
$-3.5M
Q4 24
$-1.4M
$-4.0M
Q3 24
$-5.7M
$-2.0M
Q2 24
$-257.0K
$-77.7K
Q1 24
$-10.4M
$-3.7M
Gross Margin
BFRI
BFRI
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
BFRI
BFRI
ITP
ITP
Q4 25
26.6%
Q3 25
-89.8%
-3.9%
Q2 25
-56.2%
-7.1%
Q1 25
-52.9%
-31.0%
Q4 24
-13.6%
-21.5%
Q3 24
-55.0%
-5.8%
Q2 24
-64.7%
2.1%
Q1 24
-69.1%
-51.0%
Net Margin
BFRI
BFRI
ITP
ITP
Q4 25
33.0%
Q3 25
-95.1%
-5.7%
Q2 25
-59.0%
-7.9%
Q1 25
-48.9%
-32.2%
Q4 24
-11.1%
-22.9%
Q3 24
-62.9%
-7.9%
Q2 24
-3.3%
-0.3%
Q1 24
-131.9%
-54.6%
EPS (diluted)
BFRI
BFRI
ITP
ITP
Q4 25
$0.62
Q3 25
$-0.62
$-0.11
Q2 25
$-0.57
$-0.16
Q1 25
$-0.47
$-0.35
Q4 24
$0.69
$-0.40
Q3 24
$-0.98
$-0.20
Q2 24
$-0.05
$-0.01
Q1 24
$-2.88
$-0.37

Balance Sheet & Financial Strength

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

Metric
BFRI
BFRI
ITP
ITP
Cash + ST InvestmentsLiquidity on hand
$6.4M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$10.5M
$152.0M
Total Assets
$28.6M
$175.7M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFRI
BFRI
ITP
ITP
Q4 25
$6.4M
Q3 25
$3.4M
Q2 25
$7.2M
Q1 25
$1.8M
Q4 24
$5.9M
Q3 24
$2.9M
Q2 24
$4.4M
Q1 24
$3.8M
Total Debt
BFRI
BFRI
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
BFRI
BFRI
ITP
ITP
Q4 25
$10.5M
Q3 25
$-2.6M
$152.0M
Q2 25
$-4.7M
$152.3M
Q1 25
$500.0K
$152.8M
Q4 24
$4.4M
$156.1M
Q3 24
$5.5M
$164.3M
Q2 24
$10.9M
$163.5M
Q1 24
$-5.4M
$164.3M
Total Assets
BFRI
BFRI
ITP
ITP
Q4 25
$28.6M
Q3 25
$15.4M
$175.7M
Q2 25
$20.1M
$175.2M
Q1 25
$16.6M
$175.2M
Q4 24
$22.1M
$177.5M
Q3 24
$18.5M
$190.0M
Q2 24
$21.6M
$191.4M
Q1 24
$24.6M
$177.5M
Debt / Equity
BFRI
BFRI
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
BFRI
BFRI
ITP
ITP
Operating Cash FlowLast quarter
$-2.4M
$1.5M
Free Cash FlowOCF − Capex
$-2.4M
$1.5M
FCF MarginFCF / Revenue
-13.9%
5.9%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
-0.42×
TTM Free Cash FlowTrailing 4 quarters
$-13.4M
$3.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFRI
BFRI
ITP
ITP
Q4 25
$-2.4M
Q3 25
$-3.8M
$1.5M
Q2 25
$-3.0M
$1.4M
Q1 25
$-4.1M
$-2.5M
Q4 24
$-1.0M
$3.5M
Q3 24
$-1.2M
$1.5M
Q2 24
$-4.7M
$721.9K
Q1 24
$-3.3M
$624.4K
Free Cash Flow
BFRI
BFRI
ITP
ITP
Q4 25
$-2.4M
Q3 25
$-3.8M
$1.5M
Q2 25
$-3.0M
$1.3M
Q1 25
$-4.1M
$-2.5M
Q4 24
$-1.0M
$3.5M
Q3 24
$1.2M
Q2 24
$-4.8M
$668.3K
Q1 24
$-3.4M
$615.4K
FCF Margin
BFRI
BFRI
ITP
ITP
Q4 25
-13.9%
Q3 25
-54.7%
5.9%
Q2 25
-33.7%
5.4%
Q1 25
-48.0%
-22.8%
Q4 24
-8.1%
19.6%
Q3 24
4.9%
Q2 24
-60.8%
2.5%
Q1 24
-42.7%
9.0%
Capex Intensity
BFRI
BFRI
ITP
ITP
Q4 25
0.0%
Q3 25
0.0%
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
0.6%
0.2%
Q1 24
0.7%
0.1%
Cash Conversion
BFRI
BFRI
ITP
ITP
Q4 25
-0.42×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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