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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.
Cambium Networks Corp is the larger business by last-quarter revenue ($40.3M vs $25.6M, roughly 1.6× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -17.9%, a 12.3% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -23.2%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-10.8M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
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.
CMBM vs ITP — Head-to-Head
Income Statement — Q4 FY2024 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $25.6M |
| Net Profit | $-7.2M | $-1.4M |
| Gross Margin | 36.6% | 7.9% |
| Operating Margin | -28.4% | -3.9% |
| Net Margin | -17.9% | -5.7% |
| Revenue YoY | -23.2% | 2.1% |
| Net Profit YoY | 71.0% | 26.6% |
| EPS (diluted) | $-0.26 | $-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.
| Q3 25 | — | $25.6M | ||
| Q2 25 | — | $24.8M | ||
| Q1 25 | — | $10.9M | ||
| Q4 24 | $40.3M | $17.6M | ||
| Q3 24 | $44.7M | $25.1M | ||
| Q2 24 | $45.2M | $26.2M | ||
| Q1 24 | $47.1M | $6.9M | ||
| Q4 23 | $52.5M | $21.0M |
| Q3 25 | — | $-1.4M | ||
| Q2 25 | — | $-2.0M | ||
| Q1 25 | — | $-3.5M | ||
| Q4 24 | $-7.2M | $-4.0M | ||
| Q3 24 | $-34.5M | $-2.0M | ||
| Q2 24 | $-14.2M | $-77.7K | ||
| Q1 24 | $-18.4M | $-3.7M | ||
| Q4 23 | $-24.9M | $-4.0M |
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | 36.6% | 6.3% | ||
| Q3 24 | 43.6% | 7.6% | ||
| Q2 24 | 32.5% | 12.4% | ||
| Q1 24 | 29.8% | 5.8% | ||
| Q4 23 | 15.2% | 1.2% |
| Q3 25 | — | -3.9% | ||
| Q2 25 | — | -7.1% | ||
| Q1 25 | — | -31.0% | ||
| Q4 24 | -28.4% | -21.5% | ||
| Q3 24 | -69.6% | -5.8% | ||
| Q2 24 | -27.2% | 2.1% | ||
| Q1 24 | -33.1% | -51.0% | ||
| Q4 23 | -44.5% | -18.1% |
| Q3 25 | — | -5.7% | ||
| Q2 25 | — | -7.9% | ||
| Q1 25 | — | -32.2% | ||
| Q4 24 | -17.9% | -22.9% | ||
| Q3 24 | -77.3% | -7.9% | ||
| Q2 24 | -31.5% | -0.3% | ||
| Q1 24 | -39.2% | -54.6% | ||
| Q4 23 | -47.5% | -19.0% |
| Q3 25 | — | $-0.11 | ||
| Q2 25 | — | $-0.16 | ||
| Q1 25 | — | $-0.35 | ||
| Q4 24 | $-0.26 | $-0.40 | ||
| Q3 24 | $-1.22 | $-0.20 | ||
| Q2 24 | $-0.51 | $-0.01 | ||
| Q1 24 | $-0.66 | $-0.37 | ||
| Q4 23 | $-0.90 | $-0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $67.6M | $4.7M |
| Stockholders' EquityBook value | $-3.2M | $152.0M |
| Total Assets | $173.7M | $175.7M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $4.7M | ||
| Q4 24 | $67.6M | $4.7M | ||
| Q3 24 | $67.6M | $8.9M | ||
| Q2 24 | $68.9M | $11.3M | ||
| Q1 24 | $63.8M | $11.4M | ||
| Q4 23 | $25.1M | $11.4M |
| Q3 25 | — | $152.0M | ||
| Q2 25 | — | $152.3M | ||
| Q1 25 | — | $152.8M | ||
| Q4 24 | $-3.2M | $156.1M | ||
| Q3 24 | $1.9M | $164.3M | ||
| Q2 24 | $34.1M | $163.5M | ||
| Q1 24 | $45.0M | $164.3M | ||
| Q4 23 | $61.1M | $168.3M |
| Q3 25 | — | $175.7M | ||
| Q2 25 | — | $175.2M | ||
| Q1 25 | — | $175.2M | ||
| Q4 24 | $173.7M | $177.5M | ||
| Q3 24 | $194.3M | $190.0M | ||
| Q2 24 | $221.1M | $191.4M | ||
| Q1 24 | $219.8M | $177.5M | ||
| Q4 23 | $209.1M | $194.7M |
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.03× | ||
| Q3 24 | 36.12× | 0.05× | ||
| Q2 24 | 2.02× | 0.07× | ||
| Q1 24 | 1.42× | 0.07× | ||
| Q4 23 | 0.41× | 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 | $-10.4M | $1.5M |
| Free Cash FlowOCF − Capex | $-10.8M | $1.5M |
| FCF MarginFCF / Revenue | -26.8% | 5.9% |
| Capex IntensityCapex / Revenue | 1.1% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $1.4M | ||
| Q1 25 | — | $-2.5M | ||
| Q4 24 | $-10.4M | $3.5M | ||
| Q3 24 | $8.9M | $1.5M | ||
| Q2 24 | $2.4M | $721.9K | ||
| Q1 24 | $-15.9M | $624.4K | ||
| Q4 23 | $-5.8M | $5.4M |
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $1.3M | ||
| Q1 25 | — | $-2.5M | ||
| Q4 24 | $-10.8M | $3.5M | ||
| Q3 24 | $6.8M | $1.2M | ||
| Q2 24 | $87.0K | $668.3K | ||
| Q1 24 | $-17.4M | $615.4K | ||
| Q4 23 | $-7.4M | $-7.7M |
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | -22.8% | ||
| Q4 24 | -26.8% | 19.6% | ||
| Q3 24 | 15.2% | 4.9% | ||
| Q2 24 | 0.2% | 2.5% | ||
| Q1 24 | -37.0% | 9.0% | ||
| Q4 23 | -14.0% | -36.7% |
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 1.1% | 0.1% | ||
| Q3 24 | 4.8% | 1.0% | ||
| Q2 24 | 5.1% | 0.2% | ||
| Q1 24 | 3.3% | 0.1% | ||
| Q4 23 | 3.1% | 62.4% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
ITP
Segment breakdown not available.
