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Side-by-side financial comparison of INSEEGO CORP. (INSG) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.
INSEEGO CORP. is the larger business by last-quarter revenue ($48.4M vs $25.6M, roughly 1.9× IT TECH PACKAGING, INC.). INSEEGO CORP. runs the higher net margin — 1.0% vs -5.7%, a 6.6% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs 0.6%). INSEEGO CORP. produced more free cash flow last quarter ($11.6M vs $1.5M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs 10.5%).
Inseego Corp designs, manufactures and delivers advanced 5G and IoT solutions including mobile hotspots, edge computing devices, and cloud-based device management platforms. It primarily serves telecom operators, enterprise clients, and public sector customers across global markets.
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.
INSG vs ITP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $25.6M |
| Net Profit | $469.0K | $-1.4M |
| Gross Margin | 42.2% | 7.9% |
| Operating Margin | 2.7% | -3.9% |
| Net Margin | 1.0% | -5.7% |
| Revenue YoY | 0.6% | 2.1% |
| Net Profit YoY | 182.9% | 26.6% |
| EPS (diluted) | $-0.02 | $-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 | $48.4M | — | ||
| Q3 25 | $45.9M | $25.6M | ||
| Q2 25 | $40.2M | $24.8M | ||
| Q1 25 | $31.7M | $10.9M | ||
| Q4 24 | $48.1M | $17.6M | ||
| Q3 24 | $54.0M | $25.1M | ||
| Q2 24 | $51.6M | $26.2M | ||
| Q1 24 | $37.5M | $6.9M |
| Q4 25 | $469.0K | — | ||
| Q3 25 | $1.4M | $-1.4M | ||
| Q2 25 | $507.0K | $-2.0M | ||
| Q1 25 | $-1.6M | $-3.5M | ||
| Q4 24 | $-566.0K | $-4.0M | ||
| Q3 24 | $9.0M | $-2.0M | ||
| Q2 24 | $624.0K | $-77.7K | ||
| Q1 24 | $-4.5M | $-3.7M |
| Q4 25 | 42.2% | — | ||
| Q3 25 | 41.6% | 7.9% | ||
| Q2 25 | 41.1% | 5.1% | ||
| Q1 25 | 47.3% | 0.8% | ||
| Q4 24 | 37.3% | 6.3% | ||
| Q3 24 | 34.8% | 7.6% | ||
| Q2 24 | 36.4% | 12.4% | ||
| Q1 24 | 35.3% | 5.8% |
| Q4 25 | 2.7% | — | ||
| Q3 25 | 4.7% | -3.9% | ||
| Q2 25 | 3.2% | -7.1% | ||
| Q1 25 | -1.3% | -31.0% | ||
| Q4 24 | 3.7% | -21.5% | ||
| Q3 24 | 1.9% | -5.8% | ||
| Q2 24 | 3.6% | 2.1% | ||
| Q1 24 | -7.9% | -51.0% |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 3.1% | -5.7% | ||
| Q2 25 | 1.3% | -7.9% | ||
| Q1 25 | -5.0% | -32.2% | ||
| Q4 24 | -1.2% | -22.9% | ||
| Q3 24 | 16.6% | -7.9% | ||
| Q2 24 | 1.2% | -0.3% | ||
| Q1 24 | -11.9% | -54.6% |
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $0.03 | $-0.11 | ||
| Q2 25 | $-0.03 | $-0.16 | ||
| Q1 25 | $-0.16 | $-0.35 | ||
| Q4 24 | $0.62 | $-0.40 | ||
| Q3 24 | $-0.06 | $-0.20 | ||
| Q2 24 | $-0.02 | $-0.01 | ||
| Q1 24 | $-0.44 | $-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 | $24.9M | — |
| Total DebtLower is stronger | — | $4.7M |
| Stockholders' EquityBook value | $-4.0M | $152.0M |
| Total Assets | $93.8M | $175.7M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | — | ||
| Q3 25 | $14.6M | — | ||
| Q2 25 | $13.2M | — | ||
| Q1 25 | $35.1M | — | ||
| Q4 24 | $39.6M | — | ||
| Q3 24 | $12.0M | — | ||
| Q2 24 | $49.0M | — | ||
| Q1 24 | $12.3M | — |
| 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 | $-4.0M | — | ||
| Q3 25 | $-7.7M | $152.0M | ||
| Q2 25 | $-10.5M | $152.3M | ||
| Q1 25 | $-13.0M | $152.8M | ||
| Q4 24 | $-12.9M | $156.1M | ||
| Q3 24 | $-85.1M | $164.3M | ||
| Q2 24 | $-101.8M | $163.5M | ||
| Q1 24 | $-105.6M | $164.3M |
| Q4 25 | $93.8M | — | ||
| Q3 25 | $85.8M | $175.7M | ||
| Q2 25 | $83.1M | $175.2M | ||
| Q1 25 | $93.0M | $175.2M | ||
| Q4 24 | $100.0M | $177.5M | ||
| Q3 24 | $113.4M | $190.0M | ||
| Q2 24 | $149.6M | $191.4M | ||
| Q1 24 | $122.1M | $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 | $12.0M | $1.5M |
| Free Cash FlowOCF − Capex | $11.6M | $1.5M |
| FCF MarginFCF / Revenue | 24.0% | 5.9% |
| Capex IntensityCapex / Revenue | 0.7% | 0.0% |
| Cash ConversionOCF / Net Profit | 25.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.5M | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.0M | — | ||
| Q3 25 | $3.2M | $1.5M | ||
| Q2 25 | $-4.5M | $1.4M | ||
| Q1 25 | $-3.5M | $-2.5M | ||
| Q4 24 | $-14.2M | $3.5M | ||
| Q3 24 | $14.8M | $1.5M | ||
| Q2 24 | $27.6M | $721.9K | ||
| Q1 24 | $5.2M | $624.4K |
| Q4 25 | $11.6M | — | ||
| Q3 25 | $3.1M | $1.5M | ||
| Q2 25 | $-4.7M | $1.3M | ||
| Q1 25 | $-3.5M | $-2.5M | ||
| Q4 24 | $-14.3M | $3.5M | ||
| Q3 24 | $14.8M | $1.2M | ||
| Q2 24 | $27.6M | $668.3K | ||
| Q1 24 | — | $615.4K |
| Q4 25 | 24.0% | — | ||
| Q3 25 | 6.7% | 5.9% | ||
| Q2 25 | -11.6% | 5.4% | ||
| Q1 25 | -11.0% | -22.8% | ||
| Q4 24 | -29.7% | 19.6% | ||
| Q3 24 | 27.4% | 4.9% | ||
| Q2 24 | 53.5% | 2.5% | ||
| Q1 24 | — | 9.0% |
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.2% | 0.0% | ||
| Q2 25 | 0.5% | 0.1% | ||
| Q1 25 | 0.1% | 0.1% | ||
| Q4 24 | 0.1% | 0.1% | ||
| Q3 24 | 0.0% | 1.0% | ||
| Q2 24 | 0.0% | 0.2% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | 25.50× | — | ||
| Q3 25 | 2.22× | — | ||
| Q2 25 | -8.81× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 44.31× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
