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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) 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 $13.8M, roughly 1.9× FENNEC PHARMACEUTICALS INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -34.7%, a 29.1% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 2.1%). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -26.3%).
Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.
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.
FENC vs ITP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.8M | $25.6M |
| Net Profit | $-4.8M | $-1.4M |
| Gross Margin | — | 7.9% |
| Operating Margin | -18.5% | -3.9% |
| Net Margin | -34.7% | -5.7% |
| Revenue YoY | 73.8% | 2.1% |
| Net Profit YoY | -141.1% | 26.6% |
| EPS (diluted) | $-0.17 | $-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 | $13.8M | — | ||
| Q3 25 | $12.5M | $25.6M | ||
| Q2 25 | $9.7M | $24.8M | ||
| Q1 25 | $8.8M | $10.9M | ||
| Q4 24 | $7.9M | $17.6M | ||
| Q3 24 | $7.0M | $25.1M | ||
| Q2 24 | $7.3M | $26.2M | ||
| Q1 24 | $25.4M | $6.9M |
| Q4 25 | $-4.8M | — | ||
| Q3 25 | $-638.0K | $-1.4M | ||
| Q2 25 | $-3.2M | $-2.0M | ||
| Q1 25 | $-1.2M | $-3.5M | ||
| Q4 24 | $-2.0M | $-4.0M | ||
| Q3 24 | $-5.7M | $-2.0M | ||
| Q2 24 | $-5.6M | $-77.7K | ||
| Q1 24 | $12.8M | $-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 | -18.5% | — | ||
| Q3 25 | -1.5% | -3.9% | ||
| Q2 25 | -28.3% | -7.1% | ||
| Q1 25 | -9.2% | -31.0% | ||
| Q4 24 | -11.8% | -21.5% | ||
| Q3 24 | -74.6% | -5.8% | ||
| Q2 24 | -69.4% | 2.1% | ||
| Q1 24 | 54.2% | -51.0% |
| Q4 25 | -34.7% | — | ||
| Q3 25 | -5.1% | -5.7% | ||
| Q2 25 | -32.7% | -7.9% | ||
| Q1 25 | -13.3% | -32.2% | ||
| Q4 24 | -25.0% | -22.9% | ||
| Q3 24 | -82.2% | -7.9% | ||
| Q2 24 | -76.5% | -0.3% | ||
| Q1 24 | 50.6% | -54.6% |
| Q4 25 | $-0.17 | — | ||
| Q3 25 | $-0.02 | $-0.11 | ||
| Q2 25 | $-0.11 | $-0.16 | ||
| Q1 25 | $-0.04 | $-0.35 | ||
| Q4 24 | $-0.02 | $-0.40 | ||
| Q3 24 | $-0.21 | $-0.20 | ||
| Q2 24 | $-0.20 | $-0.01 | ||
| Q1 24 | $0.41 | $-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 | $36.8M | — |
| Total DebtLower is stronger | — | $4.7M |
| Stockholders' EquityBook value | $35.5M | $152.0M |
| Total Assets | $70.6M | $175.7M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.8M | — | ||
| Q3 25 | $21.9M | — | ||
| Q2 25 | $18.7M | — | ||
| Q1 25 | $22.7M | — | ||
| Q4 24 | $26.6M | — | ||
| Q3 24 | $40.3M | — | ||
| Q2 24 | $43.1M | — | ||
| Q1 24 | $51.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | $19.4M | $4.7M | ||
| Q2 25 | $19.4M | $4.7M | ||
| Q1 25 | $19.4M | $4.7M | ||
| Q4 24 | $19.3M | $4.7M | ||
| Q3 24 | $32.1M | $8.9M | ||
| Q2 24 | $31.8M | $11.3M | ||
| Q1 24 | $31.3M | $11.4M |
| Q4 25 | $35.5M | — | ||
| Q3 25 | $-4.5M | $152.0M | ||
| Q2 25 | $-7.5M | $152.3M | ||
| Q1 25 | $-5.9M | $152.8M | ||
| Q4 24 | $-5.9M | $156.1M | ||
| Q3 24 | $-5.2M | $164.3M | ||
| Q2 24 | $-1.4M | $163.5M | ||
| Q1 24 | $3.0M | $164.3M |
| Q4 25 | $70.6M | — | ||
| Q3 25 | $49.3M | $175.7M | ||
| Q2 25 | $44.9M | $175.2M | ||
| Q1 25 | $46.4M | $175.2M | ||
| Q4 24 | $44.9M | $177.5M | ||
| Q3 24 | $58.9M | $190.0M | ||
| Q2 24 | $63.2M | $191.4M | ||
| Q1 24 | $69.2M | $177.5M |
| 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 | 10.40× | 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 | $-6.0M | $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 | $-6.0M | — | ||
| Q3 25 | $1.5M | $1.5M | ||
| Q2 25 | $-3.7M | $1.4M | ||
| Q1 25 | $-4.3M | $-2.5M | ||
| Q4 24 | $-1.5M | $3.5M | ||
| Q3 24 | $-2.2M | $1.5M | ||
| Q2 24 | $-8.4M | $721.9K | ||
| Q1 24 | $39.0M | $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% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.04× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
