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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) 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 $18.2M, roughly 1.4× FrontView REIT, Inc.). FrontView REIT, Inc. runs the higher net margin — 2.2% vs -5.7%, a 7.9% gap on every dollar of revenue. On growth, FrontView REIT, Inc. posted the faster year-over-year revenue change (12.0% vs 2.1%).

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.

FVR vs ITP — Head-to-Head

Bigger by revenue
ITP
ITP
1.4× larger
ITP
$25.6M
$18.2M
FVR
Growing faster (revenue YoY)
FVR
FVR
+9.9% gap
FVR
12.0%
2.1%
ITP
Higher net margin
FVR
FVR
7.9% more per $
FVR
2.2%
-5.7%
ITP

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
FVR
FVR
ITP
ITP
Revenue
$18.2M
$25.6M
Net Profit
$400.0K
$-1.4M
Gross Margin
7.9%
Operating Margin
24.9%
-3.9%
Net Margin
2.2%
-5.7%
Revenue YoY
12.0%
2.1%
Net Profit YoY
26.6%
EPS (diluted)
$-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
FVR
FVR
ITP
ITP
Q1 26
$18.2M
Q4 25
$16.5M
Q3 25
$16.8M
$25.6M
Q2 25
$17.6M
$24.8M
Q1 25
$16.2M
$10.9M
Q4 24
$17.6M
Q3 24
$14.5M
$25.1M
Q2 24
$26.2M
Net Profit
FVR
FVR
ITP
ITP
Q1 26
$400.0K
Q4 25
$-4.1M
Q3 25
$4.0M
$-1.4M
Q2 25
$-2.9M
$-2.0M
Q1 25
$-833.0K
$-3.5M
Q4 24
$-4.0M
Q3 24
$-2.4M
$-2.0M
Q2 24
$-77.7K
Gross Margin
FVR
FVR
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
FVR
FVR
ITP
ITP
Q1 26
24.9%
Q4 25
Q3 25
-3.9%
Q2 25
-7.1%
Q1 25
-31.0%
Q4 24
-21.5%
Q3 24
-5.8%
Q2 24
2.1%
Net Margin
FVR
FVR
ITP
ITP
Q1 26
2.2%
Q4 25
-24.9%
Q3 25
23.9%
-5.7%
Q2 25
-16.5%
-7.9%
Q1 25
-5.1%
-32.2%
Q4 24
-22.9%
Q3 24
-16.7%
-7.9%
Q2 24
-0.3%
EPS (diluted)
FVR
FVR
ITP
ITP
Q1 26
Q4 25
$-0.19
Q3 25
$0.19
$-0.11
Q2 25
$-0.16
$-0.16
Q1 25
$-0.06
$-0.35
Q4 24
$-0.40
Q3 24
$-0.20
Q2 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
FVR
FVR
ITP
ITP
Cash + ST InvestmentsLiquidity on hand
$9.3M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$514.2M
$152.0M
Total Assets
$869.8M
$175.7M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
ITP
ITP
Q1 26
$9.3M
Q4 25
$13.5M
Q3 25
$19.6M
Q2 25
$8.4M
Q1 25
$3.3M
Q4 24
Q3 24
Q2 24
Total Debt
FVR
FVR
ITP
ITP
Q1 26
Q4 25
$314.3M
Q3 25
$307.1M
$4.7M
Q2 25
$316.9M
$4.7M
Q1 25
$310.2M
$4.7M
Q4 24
$4.7M
Q3 24
$8.9M
Q2 24
$11.3M
Stockholders' Equity
FVR
FVR
ITP
ITP
Q1 26
$514.2M
Q4 25
$391.2M
Q3 25
$385.2M
$152.0M
Q2 25
$369.9M
$152.3M
Q1 25
$324.7M
$152.8M
Q4 24
$156.1M
Q3 24
$1.0K
$164.3M
Q2 24
$163.5M
Total Assets
FVR
FVR
ITP
ITP
Q1 26
$869.8M
Q4 25
$854.4M
Q3 25
$846.8M
$175.7M
Q2 25
$856.5M
$175.2M
Q1 25
$860.8M
$175.2M
Q4 24
$177.5M
Q3 24
$1.0K
$190.0M
Q2 24
$191.4M
Debt / Equity
FVR
FVR
ITP
ITP
Q1 26
Q4 25
0.80×
Q3 25
0.80×
0.03×
Q2 25
0.86×
0.03×
Q1 25
0.96×
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
FVR
FVR
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
FVR
FVR
ITP
ITP
Q1 26
Q4 25
$42.1M
Q3 25
$8.3M
$1.5M
Q2 25
$9.3M
$1.4M
Q1 25
$8.1M
$-2.5M
Q4 24
$3.5M
Q3 24
$1.5M
Q2 24
$721.9K
Free Cash Flow
FVR
FVR
ITP
ITP
Q1 26
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
FCF Margin
FVR
FVR
ITP
ITP
Q1 26
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%
Capex Intensity
FVR
FVR
ITP
ITP
Q1 26
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%
Cash Conversion
FVR
FVR
ITP
ITP
Q1 26
Q4 25
Q3 25
2.06×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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