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Side-by-side financial comparison of Claros Mortgage Trust, Inc. (CMTG) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.
Claros Mortgage Trust, Inc. is the larger business by last-quarter revenue ($46.7M vs $25.6M, roughly 1.8× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -468.9%, a 463.3% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -22.4%). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -10.9%).
Claros Mortgage Trust, Inc. is a U.S.-based real estate investment trust that invests in diversified mortgage-related assets, including residential and commercial mortgage loans and mortgage-backed securities. It pursues stable, risk-adjusted long-term returns for shareholders via rigorous asset evaluation and active portfolio management.
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.
CMTG vs ITP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.7M | $25.6M |
| Net Profit | $-219.2M | $-1.4M |
| Gross Margin | — | 7.9% |
| Operating Margin | — | -3.9% |
| Net Margin | -468.9% | -5.7% |
| Revenue YoY | -22.4% | 2.1% |
| Net Profit YoY | -117.7% | 26.6% |
| EPS (diluted) | $-1.56 | $-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 | $46.7M | — | ||
| Q3 25 | $46.1M | $25.6M | ||
| Q2 25 | $51.6M | $24.8M | ||
| Q1 25 | $43.4M | $10.9M | ||
| Q4 24 | $60.2M | $17.6M | ||
| Q3 24 | $64.9M | $25.1M | ||
| Q2 24 | $64.5M | $26.2M | ||
| Q1 24 | $58.8M | $6.9M |
| Q4 25 | $-219.2M | — | ||
| Q3 25 | $-9.5M | $-1.4M | ||
| Q2 25 | $-181.7M | $-2.0M | ||
| Q1 25 | $-78.6M | $-3.5M | ||
| Q4 24 | $-100.7M | $-4.0M | ||
| Q3 24 | $-56.2M | $-2.0M | ||
| Q2 24 | $-11.6M | $-77.7K | ||
| Q1 24 | $-52.8M | $-3.7M |
| 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% |
| Q4 25 | — | — | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | — | -7.1% | ||
| Q1 25 | — | -31.0% | ||
| Q4 24 | — | -21.5% | ||
| Q3 24 | — | -5.8% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | -51.0% |
| Q4 25 | -468.9% | — | ||
| Q3 25 | -20.7% | -5.7% | ||
| Q2 25 | -351.9% | -7.9% | ||
| Q1 25 | -181.3% | -32.2% | ||
| Q4 24 | -167.2% | -22.9% | ||
| Q3 24 | -86.7% | -7.9% | ||
| Q2 24 | -17.9% | -0.3% | ||
| Q1 24 | -89.7% | -54.6% |
| Q4 25 | $-1.56 | — | ||
| Q3 25 | $-0.07 | $-0.11 | ||
| Q2 25 | $-1.30 | $-0.16 | ||
| Q1 25 | $-0.56 | $-0.35 | ||
| Q4 24 | $-0.72 | $-0.40 | ||
| Q3 24 | $-0.40 | $-0.20 | ||
| Q2 24 | $-0.09 | $-0.01 | ||
| Q1 24 | $-0.39 | $-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 | $173.2M | — |
| Total DebtLower is stronger | $3.2B | $4.7M |
| Stockholders' EquityBook value | $1.5B | $152.0M |
| Total Assets | $4.7B | $175.7M |
| Debt / EquityLower = less leverage | 2.06× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.2M | — | ||
| Q3 25 | $339.5M | — | ||
| Q2 25 | $209.2M | — | ||
| Q1 25 | $127.8M | — | ||
| Q4 24 | $99.1M | — | ||
| Q3 24 | $113.9M | — | ||
| Q2 24 | $148.2M | — | ||
| Q1 24 | $232.5M | — |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.7B | $4.7M | ||
| Q2 25 | $4.0B | $4.7M | ||
| Q1 25 | $4.7B | $4.7M | ||
| Q4 24 | $4.9B | $4.7M | ||
| Q3 24 | $5.1B | $8.9M | ||
| Q2 24 | $5.3B | $11.3M | ||
| Q1 24 | $5.5B | $11.4M |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.7B | $152.0M | ||
| Q2 25 | $1.8B | $152.3M | ||
| Q1 25 | $1.9B | $152.8M | ||
| Q4 24 | $2.0B | $156.1M | ||
| Q3 24 | $2.1B | $164.3M | ||
| Q2 24 | $2.2B | $163.5M | ||
| Q1 24 | $2.2B | $164.3M |
| Q4 25 | $4.7B | — | ||
| Q3 25 | $5.4B | $175.7M | ||
| Q2 25 | $5.8B | $175.2M | ||
| Q1 25 | $6.7B | $175.2M | ||
| Q4 24 | $7.0B | $177.5M | ||
| Q3 24 | $7.3B | $190.0M | ||
| Q2 24 | $7.6B | $191.4M | ||
| Q1 24 | $7.8B | $177.5M |
| Q4 25 | 2.06× | — | ||
| Q3 25 | 2.09× | 0.03× | ||
| Q2 25 | 2.29× | 0.03× | ||
| Q1 25 | 2.42× | 0.03× | ||
| Q4 24 | 2.44× | 0.03× | ||
| Q3 24 | 2.44× | 0.05× | ||
| Q2 24 | 2.46× | 0.07× | ||
| Q1 24 | 2.47× | 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 | $-30.5M | $1.5M |
| Free Cash FlowOCF − Capex | — | $1.5M |
| FCF MarginFCF / Revenue | — | 5.9% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-30.5M | — | ||
| Q3 25 | $8.8M | $1.5M | ||
| Q2 25 | $-5.8M | $1.4M | ||
| Q1 25 | $-35.8M | $-2.5M | ||
| Q4 24 | $84.5M | $3.5M | ||
| Q3 24 | $39.2M | $1.5M | ||
| Q2 24 | $5.5M | $721.9K | ||
| Q1 24 | $21.5M | $624.4K |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $1.3M | ||
| Q1 25 | — | $-2.5M | ||
| Q4 24 | — | $3.5M | ||
| Q3 24 | — | $1.2M | ||
| Q2 24 | — | $668.3K | ||
| Q1 24 | — | $615.4K |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | -22.8% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 9.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMTG
| Real Estate Owned Portfolio | $34.2M | 73% |
| Other | $11.1M | 24% |
| Mixed Use Property Fixed Rents | $1.4M | 3% |
ITP
Segment breakdown not available.
