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Side-by-side financial comparison of Farmland Partners Inc. (FPI) 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 $20.7M, roughly 1.2× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -5.7%, a 109.1% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -3.5%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 10.5%).
Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.
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.
FPI vs ITP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $25.6M |
| Net Profit | $21.4M | $-1.4M |
| Gross Margin | — | 7.9% |
| Operating Margin | — | -3.9% |
| Net Margin | 103.4% | -5.7% |
| Revenue YoY | -3.5% | 2.1% |
| Net Profit YoY | -63.5% | 26.6% |
| EPS (diluted) | $0.44 | $-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 | $20.7M | — | ||
| Q3 25 | $11.3M | $25.6M | ||
| Q2 25 | $10.0M | $24.8M | ||
| Q1 25 | $10.3M | $10.9M | ||
| Q4 24 | $21.5M | $17.6M | ||
| Q3 24 | $13.3M | $25.1M | ||
| Q2 24 | $11.4M | $26.2M | ||
| Q1 24 | $12.0M | $6.9M |
| Q4 25 | $21.4M | — | ||
| Q3 25 | $483.0K | $-1.4M | ||
| Q2 25 | $7.6M | $-2.0M | ||
| Q1 25 | $2.0M | $-3.5M | ||
| Q4 24 | $58.7M | $-4.0M | ||
| Q3 24 | $1.8M | $-2.0M | ||
| Q2 24 | $-2.0M | $-77.7K | ||
| Q1 24 | $1.4M | $-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 | 4.3% | -3.9% | ||
| Q2 25 | 78.2% | -7.1% | ||
| Q1 25 | 20.6% | -31.0% | ||
| Q4 24 | — | -21.5% | ||
| Q3 24 | 13.9% | -5.8% | ||
| Q2 24 | -17.9% | 2.1% | ||
| Q1 24 | 11.9% | -51.0% |
| Q4 25 | 103.4% | — | ||
| Q3 25 | 4.3% | -5.7% | ||
| Q2 25 | 76.3% | -7.9% | ||
| Q1 25 | 19.9% | -32.2% | ||
| Q4 24 | 273.6% | -22.9% | ||
| Q3 24 | 13.5% | -7.9% | ||
| Q2 24 | -17.5% | -0.3% | ||
| Q1 24 | 11.5% | -54.6% |
| Q4 25 | $0.44 | — | ||
| Q3 25 | $0.00 | $-0.11 | ||
| Q2 25 | $0.14 | $-0.16 | ||
| Q1 25 | $0.03 | $-0.35 | ||
| Q4 24 | $1.09 | $-0.40 | ||
| Q3 24 | $0.02 | $-0.20 | ||
| Q2 24 | $-0.06 | $-0.01 | ||
| Q1 24 | $0.01 | $-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 | — | — |
| Total DebtLower is stronger | $161.6M | $4.7M |
| Stockholders' EquityBook value | $467.4M | $152.0M |
| Total Assets | $719.1M | $175.7M |
| Debt / EquityLower = less leverage | 0.35× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $161.6M | — | ||
| Q3 25 | $170.4M | $4.7M | ||
| Q2 25 | $193.4M | $4.7M | ||
| Q1 25 | $202.6M | $4.7M | ||
| Q4 24 | $204.6M | $4.7M | ||
| Q3 24 | $394.0M | $8.9M | ||
| Q2 24 | $393.0M | $11.3M | ||
| Q1 24 | $383.0M | $11.4M |
| Q4 25 | $467.4M | — | ||
| Q3 25 | $457.3M | $152.0M | ||
| Q2 25 | $473.5M | $152.3M | ||
| Q1 25 | $492.2M | $152.8M | ||
| Q4 24 | $494.6M | $156.1M | ||
| Q3 24 | $519.4M | $164.3M | ||
| Q2 24 | $521.5M | $163.5M | ||
| Q1 24 | $526.7M | $164.3M |
| Q4 25 | $719.1M | — | ||
| Q3 25 | $738.5M | $175.7M | ||
| Q2 25 | $776.7M | $175.2M | ||
| Q1 25 | $810.5M | $175.2M | ||
| Q4 24 | $869.6M | $177.5M | ||
| Q3 24 | $1.0B | $190.0M | ||
| Q2 24 | $1.0B | $191.4M | ||
| Q1 24 | $1.0B | $177.5M |
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.37× | 0.03× | ||
| Q2 25 | 0.41× | 0.03× | ||
| Q1 25 | 0.41× | 0.03× | ||
| Q4 24 | 0.41× | 0.03× | ||
| Q3 24 | 0.76× | 0.05× | ||
| Q2 24 | 0.75× | 0.07× | ||
| Q1 24 | 0.73× | 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 | $17.4M | $1.5M |
| Free Cash FlowOCF − Capex | — | $1.5M |
| FCF MarginFCF / Revenue | — | 5.9% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.4M | — | ||
| Q3 25 | $-2.0M | $1.5M | ||
| Q2 25 | $-2.2M | $1.4M | ||
| Q1 25 | $6.4M | $-2.5M | ||
| Q4 24 | $16.1M | $3.5M | ||
| Q3 24 | $-4.3M | $1.5M | ||
| Q2 24 | $-6.1M | $721.9K | ||
| Q1 24 | $11.9M | $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 | 0.81× | — | ||
| Q3 25 | -4.04× | — | ||
| Q2 25 | -0.29× | — | ||
| Q1 25 | 3.12× | — | ||
| Q4 24 | 0.27× | — | ||
| Q3 24 | -2.39× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
