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Side-by-side financial comparison of BOSTON OMAHA Corp (BOC) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.

BOSTON OMAHA Corp is the larger business by last-quarter revenue ($29.7M vs $25.6M, roughly 1.2× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -23.1%, a 17.4% gap on every dollar of revenue. On growth, BOSTON OMAHA Corp posted the faster year-over-year revenue change (6.4% vs 2.1%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-10.0M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs 7.8%).

Boston Omaha Corporation is a publicly traded diversified holding company. Its core operating segments include outdoor advertising, surety insurance, residential real estate development, and fixed wireless broadband services, primarily serving customers across the United States, with a focus on driving long-term shareholder value via strategic acquisitions and organic operational growth.

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.

BOC vs ITP — Head-to-Head

Bigger by revenue
BOC
BOC
1.2× larger
BOC
$29.7M
$25.6M
ITP
Growing faster (revenue YoY)
BOC
BOC
+4.3% gap
BOC
6.4%
2.1%
ITP
Higher net margin
ITP
ITP
17.4% more per $
ITP
-5.7%
-23.1%
BOC
More free cash flow
ITP
ITP
$11.5M more FCF
ITP
$1.5M
$-10.0M
BOC
Faster 2-yr revenue CAGR
ITP
ITP
Annualised
ITP
10.5%
7.8%
BOC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BOC
BOC
ITP
ITP
Revenue
$29.7M
$25.6M
Net Profit
$-6.9M
$-1.4M
Gross Margin
64.0%
7.9%
Operating Margin
-4.2%
-3.9%
Net Margin
-23.1%
-5.7%
Revenue YoY
6.4%
2.1%
Net Profit YoY
-228.1%
26.6%
EPS (diluted)
$-0.23
$-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
BOC
BOC
ITP
ITP
Q4 25
$29.7M
Q3 25
$28.7M
$25.6M
Q2 25
$28.2M
$24.8M
Q1 25
$27.7M
$10.9M
Q4 24
$27.9M
$17.6M
Q3 24
$27.7M
$25.1M
Q2 24
$27.1M
$26.2M
Q1 24
$25.6M
$6.9M
Net Profit
BOC
BOC
ITP
ITP
Q4 25
$-6.9M
Q3 25
$-2.6M
$-1.4M
Q2 25
$-2.3M
$-2.0M
Q1 25
$-669.3K
$-3.5M
Q4 24
$5.3M
$-4.0M
Q3 24
$-1.6M
$-2.0M
Q2 24
$-2.2M
$-77.7K
Q1 24
$-2.8M
$-3.7M
Gross Margin
BOC
BOC
ITP
ITP
Q4 25
64.0%
Q3 25
66.2%
7.9%
Q2 25
66.1%
5.1%
Q1 25
67.3%
0.8%
Q4 24
69.5%
6.3%
Q3 24
67.5%
7.6%
Q2 24
68.2%
12.4%
Q1 24
67.9%
5.8%
Operating Margin
BOC
BOC
ITP
ITP
Q4 25
-4.2%
Q3 25
-3.7%
-3.9%
Q2 25
-2.9%
-7.1%
Q1 25
-2.9%
-31.0%
Q4 24
-4.6%
-21.5%
Q3 24
-2.7%
-5.8%
Q2 24
-16.2%
2.1%
Q1 24
-8.1%
-51.0%
Net Margin
BOC
BOC
ITP
ITP
Q4 25
-23.1%
Q3 25
-9.0%
-5.7%
Q2 25
-8.2%
-7.9%
Q1 25
-2.4%
-32.2%
Q4 24
19.1%
-22.9%
Q3 24
-5.8%
-7.9%
Q2 24
-8.3%
-0.3%
Q1 24
-11.0%
-54.6%
EPS (diluted)
BOC
BOC
ITP
ITP
Q4 25
$-0.23
Q3 25
$-0.08
$-0.11
Q2 25
$-0.07
$-0.16
Q1 25
$-0.02
$-0.35
Q4 24
$0.17
$-0.40
Q3 24
$-0.05
$-0.20
Q2 24
$-0.07
$-0.01
Q1 24
$-0.09
$-0.37

Balance Sheet & Financial Strength

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

Metric
BOC
BOC
ITP
ITP
Cash + ST InvestmentsLiquidity on hand
$56.8M
Total DebtLower is stronger
$25.7M
$4.7M
Stockholders' EquityBook value
$516.1M
$152.0M
Total Assets
$713.1M
$175.7M
Debt / EquityLower = less leverage
0.05×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOC
BOC
ITP
ITP
Q4 25
$56.8M
Q3 25
$67.6M
Q2 25
$68.6M
Q1 25
$69.2M
Q4 24
$73.2M
Q3 24
$58.6M
Q2 24
$53.1M
Q1 24
$53.4M
Total Debt
BOC
BOC
ITP
ITP
Q4 25
$25.7M
Q3 25
$25.9M
$4.7M
Q2 25
$26.1M
$4.7M
Q1 25
$26.3M
$4.7M
Q4 24
$26.5M
$4.7M
Q3 24
$26.7M
$8.9M
Q2 24
$26.9M
$11.3M
Q1 24
$27.1M
$11.4M
Stockholders' Equity
BOC
BOC
ITP
ITP
Q4 25
$516.1M
Q3 25
$528.4M
$152.0M
Q2 25
$531.0M
$152.3M
Q1 25
$533.3M
$152.8M
Q4 24
$532.8M
$156.1M
Q3 24
$527.7M
$164.3M
Q2 24
$530.5M
$163.5M
Q1 24
$536.2M
$164.3M
Total Assets
BOC
BOC
ITP
ITP
Q4 25
$713.1M
Q3 25
$721.4M
$175.7M
Q2 25
$730.6M
$175.2M
Q1 25
$730.8M
$175.2M
Q4 24
$728.3M
$177.5M
Q3 24
$711.9M
$190.0M
Q2 24
$723.1M
$191.4M
Q1 24
$757.3M
$177.5M
Debt / Equity
BOC
BOC
ITP
ITP
Q4 25
0.05×
Q3 25
0.05×
0.03×
Q2 25
0.05×
0.03×
Q1 25
0.05×
0.03×
Q4 24
0.05×
0.03×
Q3 24
0.05×
0.05×
Q2 24
0.05×
0.07×
Q1 24
0.05×
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
BOC
BOC
ITP
ITP
Operating Cash FlowLast quarter
$17.9M
$1.5M
Free Cash FlowOCF − Capex
$-10.0M
$1.5M
FCF MarginFCF / Revenue
-33.8%
5.9%
Capex IntensityCapex / Revenue
93.9%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-17.6M
$3.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOC
BOC
ITP
ITP
Q4 25
$17.9M
Q3 25
$4.9M
$1.5M
Q2 25
$4.6M
$1.4M
Q1 25
$2.6M
$-2.5M
Q4 24
$21.2M
$3.5M
Q3 24
$5.2M
$1.5M
Q2 24
$4.5M
$721.9K
Q1 24
$2.4M
$624.4K
Free Cash Flow
BOC
BOC
ITP
ITP
Q4 25
$-10.0M
Q3 25
$-489.4K
$1.5M
Q2 25
$-2.7M
$1.3M
Q1 25
$-4.3M
$-2.5M
Q4 24
$-11.0M
$3.5M
Q3 24
$-1.2M
$1.2M
Q2 24
$-4.3M
$668.3K
Q1 24
$-6.0M
$615.4K
FCF Margin
BOC
BOC
ITP
ITP
Q4 25
-33.8%
Q3 25
-1.7%
5.9%
Q2 25
-9.7%
5.4%
Q1 25
-15.5%
-22.8%
Q4 24
-39.2%
19.6%
Q3 24
-4.4%
4.9%
Q2 24
-15.9%
2.5%
Q1 24
-23.6%
9.0%
Capex Intensity
BOC
BOC
ITP
ITP
Q4 25
93.9%
Q3 25
18.9%
0.0%
Q2 25
25.9%
0.1%
Q1 25
24.7%
0.1%
Q4 24
115.3%
0.1%
Q3 24
23.2%
1.0%
Q2 24
32.6%
0.2%
Q1 24
33.1%
0.1%
Cash Conversion
BOC
BOC
ITP
ITP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
3.97×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BOC
BOC

Billboard Rentals$11.9M40%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$10.0M34%
GIG$7.3M25%
Other$608.4K2%

ITP
ITP

Segment breakdown not available.

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