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Side-by-side financial comparison of Journey Medical Corp (DERM) 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 $16.1M, roughly 1.6× Journey Medical Corp). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -7.8%, a 2.1% gap on every dollar of revenue. On growth, Journey Medical Corp posted the faster year-over-year revenue change (27.3% vs 2.1%). Over the past eight quarters, Journey Medical Corp's revenue compounded faster (11.0% CAGR vs 10.5%).

Journey Medical Corp is a commercial-stage biopharmaceutical company specializing in dermatology treatments. It develops, manufactures and markets prescription and over-the-counter products addressing acne, atopic dermatitis, fungal skin infections and other dermal conditions, primarily serving healthcare providers and patients across the United States.

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.

DERM vs ITP — Head-to-Head

Bigger by revenue
ITP
ITP
1.6× larger
ITP
$25.6M
$16.1M
DERM
Growing faster (revenue YoY)
DERM
DERM
+25.2% gap
DERM
27.3%
2.1%
ITP
Higher net margin
ITP
ITP
2.1% more per $
ITP
-5.7%
-7.8%
DERM
Faster 2-yr revenue CAGR
DERM
DERM
Annualised
DERM
11.0%
10.5%
ITP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DERM
DERM
ITP
ITP
Revenue
$16.1M
$25.6M
Net Profit
$-1.2M
$-1.4M
Gross Margin
7.9%
Operating Margin
-2.8%
-3.9%
Net Margin
-7.8%
-5.7%
Revenue YoY
27.3%
2.1%
Net Profit YoY
-182.0%
26.6%
EPS (diluted)
$-0.04
$-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
DERM
DERM
ITP
ITP
Q4 25
$16.1M
Q3 25
$17.0M
$25.6M
Q2 25
$15.0M
$24.8M
Q1 25
$13.1M
$10.9M
Q4 24
$12.6M
$17.6M
Q3 24
$14.6M
$25.1M
Q2 24
$14.9M
$26.2M
Q1 24
$13.0M
$6.9M
Net Profit
DERM
DERM
ITP
ITP
Q4 25
$-1.2M
Q3 25
$-2.3M
$-1.4M
Q2 25
$-3.8M
$-2.0M
Q1 25
$-4.1M
$-3.5M
Q4 24
$1.5M
$-4.0M
Q3 24
$-2.4M
$-2.0M
Q2 24
$-3.4M
$-77.7K
Q1 24
$-10.4M
$-3.7M
Gross Margin
DERM
DERM
ITP
ITP
Q4 25
Q3 25
7.9%
Q2 25
5.1%
Q1 25
0.8%
Q4 24
82.3%
6.3%
Q3 24
63.9%
7.6%
Q2 24
56.0%
12.4%
Q1 24
47.7%
5.8%
Operating Margin
DERM
DERM
ITP
ITP
Q4 25
-2.8%
Q3 25
-9.0%
-3.9%
Q2 25
-19.2%
-7.1%
Q1 25
-25.3%
-31.0%
Q4 24
17.7%
-21.5%
Q3 24
-19.8%
-5.8%
Q2 24
-19.7%
2.1%
Q1 24
-77.4%
-51.0%
Net Margin
DERM
DERM
ITP
ITP
Q4 25
-7.8%
Q3 25
-13.6%
-5.7%
Q2 25
-25.3%
-7.9%
Q1 25
-31.0%
-32.2%
Q4 24
12.1%
-22.9%
Q3 24
-16.3%
-7.9%
Q2 24
-22.6%
-0.3%
Q1 24
-80.1%
-54.6%
EPS (diluted)
DERM
DERM
ITP
ITP
Q4 25
$-0.04
Q3 25
$-0.09
$-0.11
Q2 25
$-0.16
$-0.16
Q1 25
$-0.18
$-0.35
Q4 24
$0.10
$-0.40
Q3 24
$-0.12
$-0.20
Q2 24
$-0.17
$-0.01
Q1 24
$-0.53
$-0.37

Balance Sheet & Financial Strength

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

Metric
DERM
DERM
ITP
ITP
Cash + ST InvestmentsLiquidity on hand
$24.1M
Total DebtLower is stronger
$25.3M
$4.7M
Stockholders' EquityBook value
$31.9M
$152.0M
Total Assets
$94.6M
$175.7M
Debt / EquityLower = less leverage
0.79×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DERM
DERM
ITP
ITP
Q4 25
$24.1M
Q3 25
$24.9M
Q2 25
$20.3M
Q1 25
$21.1M
Q4 24
$20.3M
Q3 24
$22.5M
Q2 24
$23.9M
Q1 24
$24.1M
Total Debt
DERM
DERM
ITP
ITP
Q4 25
$25.3M
Q3 25
$25.2M
$4.7M
Q2 25
$25.1M
$4.7M
Q1 25
$25.0M
$4.7M
Q4 24
$24.9M
$4.7M
Q3 24
$19.8M
$8.9M
Q2 24
$19.7M
$11.3M
Q1 24
$14.7M
$11.4M
Stockholders' Equity
DERM
DERM
ITP
ITP
Q4 25
$31.9M
Q3 25
$25.9M
$152.0M
Q2 25
$19.2M
$152.3M
Q1 25
$21.5M
$152.8M
Q4 24
$20.1M
$156.1M
Q3 24
$10.9M
$164.3M
Q2 24
$11.3M
$163.5M
Q1 24
$13.0M
$164.3M
Total Assets
DERM
DERM
ITP
ITP
Q4 25
$94.6M
Q3 25
$85.2M
$175.7M
Q2 25
$81.2M
$175.2M
Q1 25
$85.0M
$175.2M
Q4 24
$80.2M
$177.5M
Q3 24
$64.0M
$190.0M
Q2 24
$65.2M
$191.4M
Q1 24
$66.6M
$177.5M
Debt / Equity
DERM
DERM
ITP
ITP
Q4 25
0.79×
Q3 25
0.97×
0.03×
Q2 25
1.30×
0.03×
Q1 25
1.16×
0.03×
Q4 24
1.24×
0.03×
Q3 24
1.81×
0.05×
Q2 24
1.75×
0.07×
Q1 24
1.13×
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
DERM
DERM
ITP
ITP
Operating Cash FlowLast quarter
$-6.3M
$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.

Operating Cash Flow
DERM
DERM
ITP
ITP
Q4 25
$-6.3M
Q3 25
$-2.4M
$1.5M
Q2 25
$-942.0K
$1.4M
Q1 25
$-2.8M
$-2.5M
Q4 24
$2.2M
$3.5M
Q3 24
$-1.2M
$1.5M
Q2 24
$-5.2M
$721.9K
Q1 24
$-5.0M
$624.4K
Free Cash Flow
DERM
DERM
ITP
ITP
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
FCF Margin
DERM
DERM
ITP
ITP
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%
Capex Intensity
DERM
DERM
ITP
ITP
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%
Cash Conversion
DERM
DERM
ITP
ITP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.46×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DERM
DERM

Qbrexza$5.5M35%
Emrosi$5.0M31%
Accutane$3.1M19%
Other$2.5M15%

ITP
ITP

Segment breakdown not available.

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