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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.
FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $25.6M, roughly 1.0× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -28.1%, a 22.5% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -8.2%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-12.7M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -8.7%).
Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.
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.
FSP vs ITP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.0M | $25.6M |
| Net Profit | $-7.3M | $-1.4M |
| Gross Margin | 59.4% | 7.9% |
| Operating Margin | -27.9% | -3.9% |
| Net Margin | -28.1% | -5.7% |
| Revenue YoY | -8.2% | 2.1% |
| Net Profit YoY | 14.1% | 26.6% |
| EPS (diluted) | $-0.06 | $-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 | $26.0M | — | ||
| Q3 25 | $27.3M | $25.6M | ||
| Q2 25 | $26.7M | $24.8M | ||
| Q1 25 | $27.1M | $10.9M | ||
| Q4 24 | $28.4M | $17.6M | ||
| Q3 24 | $29.7M | $25.1M | ||
| Q2 24 | $30.8M | $26.2M | ||
| Q1 24 | $31.2M | $6.9M |
| Q4 25 | $-7.3M | — | ||
| Q3 25 | $-8.3M | $-1.4M | ||
| Q2 25 | $-7.9M | $-2.0M | ||
| Q1 25 | $-21.4M | $-3.5M | ||
| Q4 24 | $-8.5M | $-4.0M | ||
| Q3 24 | $-15.6M | $-2.0M | ||
| Q2 24 | $-21.0M | $-77.7K | ||
| Q1 24 | $-7.6M | $-3.7M |
| Q4 25 | 59.4% | — | ||
| Q3 25 | 60.9% | 7.9% | ||
| Q2 25 | 59.9% | 5.1% | ||
| Q1 25 | 62.8% | 0.8% | ||
| Q4 24 | 59.7% | 6.3% | ||
| Q3 24 | 61.0% | 7.6% | ||
| Q2 24 | 64.2% | 12.4% | ||
| Q1 24 | 64.7% | 5.8% |
| Q4 25 | -27.9% | — | ||
| Q3 25 | -30.5% | -3.9% | ||
| Q2 25 | -29.2% | -7.1% | ||
| Q1 25 | -78.9% | -31.0% | ||
| Q4 24 | -29.9% | -21.5% | ||
| Q3 24 | -52.4% | -5.8% | ||
| Q2 24 | -68.0% | 2.1% | ||
| Q1 24 | -24.0% | -51.0% |
| Q4 25 | -28.1% | — | ||
| Q3 25 | -30.5% | -5.7% | ||
| Q2 25 | -29.5% | -7.9% | ||
| Q1 25 | -79.1% | -32.2% | ||
| Q4 24 | -30.0% | -22.9% | ||
| Q3 24 | -52.6% | -7.9% | ||
| Q2 24 | -68.2% | -0.3% | ||
| Q1 24 | -24.2% | -54.6% |
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $-0.08 | $-0.11 | ||
| Q2 25 | $-0.08 | $-0.16 | ||
| Q1 25 | $-0.21 | $-0.35 | ||
| Q4 24 | $-0.09 | $-0.40 | ||
| Q3 24 | $-0.15 | $-0.20 | ||
| Q2 24 | $-0.20 | $-0.01 | ||
| Q1 24 | $-0.07 | $-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 | $30.6M | — |
| Total DebtLower is stronger | — | $4.7M |
| Stockholders' EquityBook value | $607.0M | $152.0M |
| Total Assets | $892.9M | $175.7M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.6M | — | ||
| Q3 25 | $31.4M | — | ||
| Q2 25 | $29.4M | — | ||
| Q1 25 | $30.2M | — | ||
| Q4 24 | $41.1M | — | ||
| Q3 24 | $40.9M | — | ||
| Q2 24 | $30.2M | — | ||
| Q1 24 | $34.2M | — |
| 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 | $607.0M | — | ||
| Q3 25 | $615.3M | $152.0M | ||
| Q2 25 | $624.7M | $152.3M | ||
| Q1 25 | $633.4M | $152.8M | ||
| Q4 24 | $655.9M | $156.1M | ||
| Q3 24 | $665.4M | $164.3M | ||
| Q2 24 | $682.1M | $163.5M | ||
| Q1 24 | $703.9M | $164.3M |
| Q4 25 | $892.9M | — | ||
| Q3 25 | $901.0M | $175.7M | ||
| Q2 25 | $903.2M | $175.2M | ||
| Q1 25 | $916.4M | $175.2M | ||
| Q4 24 | $946.9M | $177.5M | ||
| Q3 24 | $981.5M | $190.0M | ||
| Q2 24 | $1.0B | $191.4M | ||
| Q1 24 | $1.0B | $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 | $3.8M | $1.5M |
| Free Cash FlowOCF − Capex | $-12.7M | $1.5M |
| FCF MarginFCF / Revenue | -48.6% | 5.9% |
| Capex IntensityCapex / Revenue | 63.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-25.3M | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8M | — | ||
| Q3 25 | $8.3M | $1.5M | ||
| Q2 25 | $-2.9M | $1.4M | ||
| Q1 25 | $-5.5M | $-2.5M | ||
| Q4 24 | $9.0M | $3.5M | ||
| Q3 24 | $14.5M | $1.5M | ||
| Q2 24 | $-648.0K | $721.9K | ||
| Q1 24 | $-7.1M | $624.4K |
| Q4 25 | $-12.7M | — | ||
| Q3 25 | $3.0M | $1.5M | ||
| Q2 25 | $-5.7M | $1.3M | ||
| Q1 25 | $-9.9M | $-2.5M | ||
| Q4 24 | $-16.2M | $3.5M | ||
| Q3 24 | $8.6M | $1.2M | ||
| Q2 24 | $-5.1M | $668.3K | ||
| Q1 24 | $-15.8M | $615.4K |
| Q4 25 | -48.6% | — | ||
| Q3 25 | 11.0% | 5.9% | ||
| Q2 25 | -21.5% | 5.4% | ||
| Q1 25 | -36.7% | -22.8% | ||
| Q4 24 | -57.2% | 19.6% | ||
| Q3 24 | 29.1% | 4.9% | ||
| Q2 24 | -16.7% | 2.5% | ||
| Q1 24 | -50.8% | 9.0% |
| Q4 25 | 63.0% | — | ||
| Q3 25 | 19.4% | 0.0% | ||
| Q2 25 | 10.7% | 0.1% | ||
| Q1 25 | 16.4% | 0.1% | ||
| Q4 24 | 88.9% | 0.1% | ||
| Q3 24 | 19.6% | 1.0% | ||
| Q2 24 | 14.6% | 0.2% | ||
| Q1 24 | 28.1% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
