vs
Side-by-side financial comparison of FGI Industries Ltd. (FGI) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.
FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $25.6M, roughly 1.2× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -8.6%, a 3.0% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $1.5M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -0.5%).
FGI Industries Ltd is a global designer, manufacturer and distributor of kitchen and bath products, home organization solutions, and home improvement goods. It serves major retail chains, home specialty stores and e-commerce platforms across North America, Europe and the Asia-Pacific region.
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.
FGI vs ITP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $25.6M |
| Net Profit | $-2.6M | $-1.4M |
| Gross Margin | 26.7% | 7.9% |
| Operating Margin | -2.2% | -3.9% |
| Net Margin | -8.6% | -5.7% |
| Revenue YoY | -14.4% | 2.1% |
| Net Profit YoY | -553.1% | 26.6% |
| EPS (diluted) | $-1.63 | $-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 | $30.5M | — | ||
| Q3 25 | $35.8M | $25.6M | ||
| Q2 25 | $31.0M | $24.8M | ||
| Q1 25 | $33.2M | $10.9M | ||
| Q4 24 | $35.6M | $17.6M | ||
| Q3 24 | $36.1M | $25.1M | ||
| Q2 24 | $29.4M | $26.2M | ||
| Q1 24 | $30.8M | $6.9M |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-1.7M | $-1.4M | ||
| Q2 25 | $-1.2M | $-2.0M | ||
| Q1 25 | $-629.1K | $-3.5M | ||
| Q4 24 | $-402.3K | $-4.0M | ||
| Q3 24 | $-550.1K | $-2.0M | ||
| Q2 24 | $163.6K | $-77.7K | ||
| Q1 24 | $-412.2K | $-3.7M |
| Q4 25 | 26.7% | — | ||
| Q3 25 | 26.5% | 7.9% | ||
| Q2 25 | 28.1% | 5.1% | ||
| Q1 25 | 26.8% | 0.8% | ||
| Q4 24 | 24.6% | 6.3% | ||
| Q3 24 | 25.8% | 7.6% | ||
| Q2 24 | 30.5% | 12.4% | ||
| Q1 24 | 27.4% | 5.8% |
| Q4 25 | -2.2% | — | ||
| Q3 25 | 1.0% | -3.9% | ||
| Q2 25 | -2.7% | -7.1% | ||
| Q1 25 | -3.9% | -31.0% | ||
| Q4 24 | -3.5% | -21.5% | ||
| Q3 24 | -0.2% | -5.8% | ||
| Q2 24 | -1.5% | 2.1% | ||
| Q1 24 | -1.0% | -51.0% |
| Q4 25 | -8.6% | — | ||
| Q3 25 | -4.6% | -5.7% | ||
| Q2 25 | -4.0% | -7.9% | ||
| Q1 25 | -1.9% | -32.2% | ||
| Q4 24 | -1.1% | -22.9% | ||
| Q3 24 | -1.5% | -7.9% | ||
| Q2 24 | 0.6% | -0.3% | ||
| Q1 24 | -1.3% | -54.6% |
| Q4 25 | $-1.63 | — | ||
| Q3 25 | $-0.86 | $-0.11 | ||
| Q2 25 | $-0.64 | $-0.16 | ||
| Q1 25 | $-0.07 | $-0.35 | ||
| Q4 24 | $-0.38 | $-0.40 | ||
| Q3 24 | $-0.29 | $-0.20 | ||
| Q2 24 | $0.08 | $-0.01 | ||
| Q1 24 | $-0.04 | $-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 | $1.9M | — |
| Total DebtLower is stronger | — | $4.7M |
| Stockholders' EquityBook value | $17.3M | $152.0M |
| Total Assets | $69.5M | $175.7M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | — | ||
| Q3 25 | $1.9M | — | ||
| Q2 25 | $2.5M | — | ||
| Q1 25 | $1.2M | — | ||
| Q4 24 | $4.6M | — | ||
| Q3 24 | $3.0M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $3.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $4.7M | ||
| Q4 24 | — | $4.7M | ||
| Q3 24 | — | $8.9M | ||
| Q2 24 | — | $11.3M | ||
| Q1 24 | — | $11.4M |
| Q4 25 | $17.3M | — | ||
| Q3 25 | $19.7M | $152.0M | ||
| Q2 25 | $21.3M | $152.3M | ||
| Q1 25 | $21.8M | $152.8M | ||
| Q4 24 | $22.3M | $156.1M | ||
| Q3 24 | $23.5M | $164.3M | ||
| Q2 24 | $23.8M | $163.5M | ||
| Q1 24 | $23.9M | $164.3M |
| Q4 25 | $69.5M | — | ||
| Q3 25 | $73.0M | $175.7M | ||
| Q2 25 | $71.7M | $175.2M | ||
| Q1 25 | $68.5M | $175.2M | ||
| Q4 24 | $75.5M | $177.5M | ||
| Q3 24 | $74.7M | $190.0M | ||
| Q2 24 | $69.9M | $191.4M | ||
| Q1 24 | $68.6M | $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 | — | 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 | $2.3M | $1.5M |
| Free Cash FlowOCF − Capex | $2.3M | $1.5M |
| FCF MarginFCF / Revenue | 7.5% | 5.9% |
| Capex IntensityCapex / Revenue | 0.2% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | — | ||
| Q3 25 | $-1.9M | $1.5M | ||
| Q2 25 | $7.6M | $1.4M | ||
| Q1 25 | $-7.4M | $-2.5M | ||
| Q4 24 | $617.4K | $3.5M | ||
| Q3 24 | $-915.0K | $1.5M | ||
| Q2 24 | $862.1K | $721.9K | ||
| Q1 24 | $-8.0M | $624.4K |
| Q4 25 | $2.3M | — | ||
| Q3 25 | $-2.1M | $1.5M | ||
| Q2 25 | $7.4M | $1.3M | ||
| Q1 25 | $-7.7M | $-2.5M | ||
| Q4 24 | $-214.1K | $3.5M | ||
| Q3 24 | $-1.1M | $1.2M | ||
| Q2 24 | $281.5K | $668.3K | ||
| Q1 24 | $-8.6M | $615.4K |
| Q4 25 | 7.5% | — | ||
| Q3 25 | -5.9% | 5.9% | ||
| Q2 25 | 23.8% | 5.4% | ||
| Q1 25 | -23.3% | -22.8% | ||
| Q4 24 | -0.6% | 19.6% | ||
| Q3 24 | -3.0% | 4.9% | ||
| Q2 24 | 1.0% | 2.5% | ||
| Q1 24 | -28.0% | 9.0% |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.7% | 0.0% | ||
| Q2 25 | 0.7% | 0.1% | ||
| Q1 25 | 1.1% | 0.1% | ||
| Q4 24 | 2.3% | 0.1% | ||
| Q3 24 | 0.5% | 1.0% | ||
| Q2 24 | 2.0% | 0.2% | ||
| Q1 24 | 2.0% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.27× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
ITP
Segment breakdown not available.
