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Side-by-side financial comparison of First Northwest Bancorp (FNWB) 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 $18.4M, roughly 1.4× First Northwest Bancorp). First Northwest Bancorp runs the higher net margin — 2.6% vs -5.7%, a 8.3% gap on every dollar of revenue. On growth, First Northwest Bancorp posted the faster year-over-year revenue change (19.1% vs 2.1%). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs 6.8%).

First Midwest Bancorp, Inc. was headquartered in Chicago, Illinois, just east of O'Hare Airport. The company's predecessor traces back to Joliet, Illinois. From there the company has grown to serve many Chicago suburbs including northwest Indiana, downstate Illinois, southeast Wisconsin and the Quad Cities area including Iowa. First Midwest Bank is one of the largest banking institutions in 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.

FNWB vs ITP — Head-to-Head

Bigger by revenue
ITP
ITP
1.4× larger
ITP
$25.6M
$18.4M
FNWB
Growing faster (revenue YoY)
FNWB
FNWB
+17.0% gap
FNWB
19.1%
2.1%
ITP
Higher net margin
FNWB
FNWB
8.3% more per $
FNWB
2.6%
-5.7%
ITP
Faster 2-yr revenue CAGR
ITP
ITP
Annualised
ITP
10.5%
6.8%
FNWB

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FNWB
FNWB
ITP
ITP
Revenue
$18.4M
$25.6M
Net Profit
$382.0K
$-1.4M
Gross Margin
7.9%
Operating Margin
6.2%
-3.9%
Net Margin
2.6%
-5.7%
Revenue YoY
19.1%
2.1%
Net Profit YoY
113.6%
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
FNWB
FNWB
ITP
ITP
Q4 25
$18.4M
Q3 25
$16.6M
$25.6M
Q2 25
$16.4M
$24.8M
Q1 25
$17.6M
$10.9M
Q4 24
$15.4M
$17.6M
Q3 24
$15.8M
$25.1M
Q2 24
$21.6M
$26.2M
Q1 24
$16.1M
$6.9M
Net Profit
FNWB
FNWB
ITP
ITP
Q4 25
$382.0K
Q3 25
$802.0K
$-1.4M
Q2 25
$3.7M
$-2.0M
Q1 25
$-9.0M
$-3.5M
Q4 24
$-2.8M
$-4.0M
Q3 24
$-2.0M
$-2.0M
Q2 24
$-2.2M
$-77.7K
Q1 24
$396.0K
$-3.7M
Gross Margin
FNWB
FNWB
ITP
ITP
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%
Operating Margin
FNWB
FNWB
ITP
ITP
Q4 25
6.2%
Q3 25
-0.9%
-3.9%
Q2 25
24.2%
-7.1%
Q1 25
-57.7%
-31.0%
Q4 24
-17.3%
-21.5%
Q3 24
-20.1%
-5.8%
Q2 24
-12.8%
2.1%
Q1 24
5.2%
-51.0%
Net Margin
FNWB
FNWB
ITP
ITP
Q4 25
2.6%
Q3 25
4.8%
-5.7%
Q2 25
22.4%
-7.9%
Q1 25
-51.3%
-32.2%
Q4 24
-19.9%
-22.9%
Q3 24
-12.5%
-7.9%
Q2 24
-10.3%
-0.3%
Q1 24
2.5%
-54.6%
EPS (diluted)
FNWB
FNWB
ITP
ITP
Q4 25
$0.04
Q3 25
$0.09
$-0.11
Q2 25
$0.42
$-0.16
Q1 25
$-1.03
$-0.35
Q4 24
$-0.31
$-0.40
Q3 24
$-0.23
$-0.20
Q2 24
$-0.25
$-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
FNWB
FNWB
ITP
ITP
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$157.3M
$152.0M
Total Assets
$2.1B
$175.7M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Total Debt
FNWB
FNWB
ITP
ITP
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
Stockholders' Equity
FNWB
FNWB
ITP
ITP
Q4 25
$157.3M
Q3 25
$154.5M
$152.0M
Q2 25
$149.7M
$152.3M
Q1 25
$146.5M
$152.8M
Q4 24
$153.9M
$156.1M
Q3 24
$160.8M
$164.3M
Q2 24
$158.9M
$163.5M
Q1 24
$160.5M
$164.3M
Total Assets
FNWB
FNWB
ITP
ITP
Q4 25
$2.1B
Q3 25
$2.1B
$175.7M
Q2 25
$2.2B
$175.2M
Q1 25
$2.2B
$175.2M
Q4 24
$2.2B
$177.5M
Q3 24
$2.3B
$190.0M
Q2 24
$2.2B
$191.4M
Q1 24
$2.2B
$177.5M
Debt / Equity
FNWB
FNWB
ITP
ITP
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
FNWB
FNWB
ITP
ITP
Operating Cash FlowLast quarter
$-2.8M
$1.5M
Free Cash FlowOCF − Capex
$1.5M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-7.22×
TTM Free Cash FlowTrailing 4 quarters
$3.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNWB
FNWB
ITP
ITP
Q4 25
$-2.8M
Q3 25
$4.7M
$1.5M
Q2 25
$4.0M
$1.4M
Q1 25
$-21.7M
$-2.5M
Q4 24
$16.9M
$3.5M
Q3 24
$1.2M
$1.5M
Q2 24
$8.1M
$721.9K
Q1 24
$-4.9M
$624.4K
Free Cash Flow
FNWB
FNWB
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
$-5.0M
$615.4K
FCF Margin
FNWB
FNWB
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
-30.9%
9.0%
Capex Intensity
FNWB
FNWB
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
0.7%
0.1%
Cash Conversion
FNWB
FNWB
ITP
ITP
Q4 25
-7.22×
Q3 25
5.89×
Q2 25
1.08×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-12.29×

Financial Flow Comparison

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

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