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Side-by-side financial comparison of Primis Financial Corp. (FRST) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.

Primis Financial Corp. is the larger business by last-quarter revenue ($45.6M vs $25.6M, roughly 1.8× IT TECH PACKAGING, INC.). Primis Financial Corp. runs the higher net margin — 16.0% vs -5.7%, a 21.7% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs 10.5%).

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic 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.

FRST vs ITP — Head-to-Head

Bigger by revenue
FRST
FRST
1.8× larger
FRST
$45.6M
$25.6M
ITP
Higher net margin
FRST
FRST
21.7% more per $
FRST
16.0%
-5.7%
ITP
Faster 2-yr revenue CAGR
FRST
FRST
Annualised
FRST
13.0%
10.5%
ITP

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
FRST
FRST
ITP
ITP
Revenue
$45.6M
$25.6M
Net Profit
$7.3M
$-1.4M
Gross Margin
7.9%
Operating Margin
-3.9%
Net Margin
16.0%
-5.7%
Revenue YoY
2.1%
Net Profit YoY
200.0%
26.6%
EPS (diluted)
$0.30
$-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
FRST
FRST
ITP
ITP
Q1 26
$45.6M
Q4 25
$80.9M
Q3 25
$41.0M
$25.6M
Q2 25
$43.2M
$24.8M
Q1 25
$58.7M
$10.9M
Q4 24
$38.8M
$17.6M
Q3 24
$37.3M
$25.1M
Q2 24
$35.7M
$26.2M
Net Profit
FRST
FRST
ITP
ITP
Q1 26
$7.3M
Q4 25
$29.5M
Q3 25
$6.8M
$-1.4M
Q2 25
$2.4M
$-2.0M
Q1 25
$22.6M
$-3.5M
Q4 24
$-26.2M
$-4.0M
Q3 24
$1.2M
$-2.0M
Q2 24
$3.4M
$-77.7K
Gross Margin
FRST
FRST
ITP
ITP
Q1 26
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%
Operating Margin
FRST
FRST
ITP
ITP
Q1 26
Q4 25
44.8%
Q3 25
21.3%
-3.9%
Q2 25
6.9%
-7.1%
Q1 25
41.9%
-31.0%
Q4 24
-123.0%
-21.5%
Q3 24
-3.1%
-5.8%
Q2 24
7.8%
2.1%
Net Margin
FRST
FRST
ITP
ITP
Q1 26
16.0%
Q4 25
36.5%
Q3 25
16.7%
-5.7%
Q2 25
5.6%
-7.9%
Q1 25
38.6%
-32.2%
Q4 24
-100.3%
-22.9%
Q3 24
3.3%
-7.9%
Q2 24
9.6%
-0.3%
EPS (diluted)
FRST
FRST
ITP
ITP
Q1 26
$0.30
Q4 25
$1.19
Q3 25
$0.28
$-0.11
Q2 25
$0.10
$-0.16
Q1 25
$0.92
$-0.35
Q4 24
$-0.95
$-0.40
Q3 24
$0.05
$-0.20
Q2 24
$0.14
$-0.01

Balance Sheet & Financial Strength

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

Metric
FRST
FRST
ITP
ITP
Cash + ST InvestmentsLiquidity on hand
$159.9M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$427.2M
$152.0M
Total Assets
$4.3B
$175.7M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRST
FRST
ITP
ITP
Q1 26
$159.9M
Q4 25
$143.6M
Q3 25
$63.9M
Q2 25
$94.1M
Q1 25
$57.0M
Q4 24
$64.5M
Q3 24
$77.3M
Q2 24
$66.6M
Total Debt
FRST
FRST
ITP
ITP
Q1 26
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
Stockholders' Equity
FRST
FRST
ITP
ITP
Q1 26
$427.2M
Q4 25
$422.9M
Q3 25
$382.2M
$152.0M
Q2 25
$376.4M
$152.3M
Q1 25
$375.6M
$152.8M
Q4 24
$351.8M
$156.1M
Q3 24
$381.0M
$164.3M
Q2 24
$376.0M
$163.5M
Total Assets
FRST
FRST
ITP
ITP
Q1 26
$4.3B
Q4 25
$4.0B
Q3 25
$4.0B
$175.7M
Q2 25
$3.9B
$175.2M
Q1 25
$3.7B
$175.2M
Q4 24
$3.7B
$177.5M
Q3 24
$4.0B
$190.0M
Q2 24
$4.0B
$191.4M
Debt / Equity
FRST
FRST
ITP
ITP
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FRST
FRST
ITP
ITP
Operating Cash FlowLast quarter
$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
FRST
FRST
ITP
ITP
Q1 26
Q4 25
$10.8M
Q3 25
$-11.4M
$1.5M
Q2 25
$-41.0M
$1.4M
Q1 25
$34.4M
$-2.5M
Q4 24
$19.5M
$3.5M
Q3 24
$6.1M
$1.5M
Q2 24
$52.3M
$721.9K
Free Cash Flow
FRST
FRST
ITP
ITP
Q1 26
Q4 25
$9.0M
Q3 25
$1.5M
Q2 25
$1.3M
Q1 25
$-2.5M
Q4 24
$18.3M
$3.5M
Q3 24
$1.2M
Q2 24
$668.3K
FCF Margin
FRST
FRST
ITP
ITP
Q1 26
Q4 25
11.2%
Q3 25
5.9%
Q2 25
5.4%
Q1 25
-22.8%
Q4 24
47.3%
19.6%
Q3 24
4.9%
Q2 24
2.5%
Capex Intensity
FRST
FRST
ITP
ITP
Q1 26
Q4 25
2.1%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
3.1%
0.1%
Q3 24
0.0%
1.0%
Q2 24
0.0%
0.2%
Cash Conversion
FRST
FRST
ITP
ITP
Q1 26
Q4 25
0.36×
Q3 25
-1.67×
Q2 25
-16.82×
Q1 25
1.52×
Q4 24
Q3 24
4.93×
Q2 24
15.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

ITP
ITP

Segment breakdown not available.

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