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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and Invesco Mortgage Capital Inc. (IVR). 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 $21.3M, roughly 1.2× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -5.7%, a 247.9% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 2.1%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs 10.5%).

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.

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

ITP vs IVR — Head-to-Head

Bigger by revenue
ITP
ITP
1.2× larger
ITP
$25.6M
$21.3M
IVR
Growing faster (revenue YoY)
IVR
IVR
+53.3% gap
IVR
55.4%
2.1%
ITP
Higher net margin
IVR
IVR
247.9% more per $
IVR
242.2%
-5.7%
ITP
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
10.5%
ITP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ITP
ITP
IVR
IVR
Revenue
$25.6M
$21.3M
Net Profit
$-1.4M
$51.5M
Gross Margin
7.9%
Operating Margin
-3.9%
Net Margin
-5.7%
242.2%
Revenue YoY
2.1%
55.4%
Net Profit YoY
26.6%
1368.7%
EPS (diluted)
$-0.11
$0.72

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
ITP
ITP
IVR
IVR
Q4 25
$21.3M
Q3 25
$25.6M
$17.6M
Q2 25
$24.8M
$17.7M
Q1 25
$10.9M
$18.8M
Q4 24
$17.6M
$13.7M
Q3 24
$25.1M
$7.5M
Q2 24
$26.2M
$8.6M
Q1 24
$6.9M
$7.0M
Net Profit
ITP
ITP
IVR
IVR
Q4 25
$51.5M
Q3 25
$-1.4M
$53.5M
Q2 25
$-2.0M
$-23.3M
Q1 25
$-3.5M
$19.6M
Q4 24
$-4.0M
$3.5M
Q3 24
$-2.0M
$40.7M
Q2 24
$-77.7K
$-13.5M
Q1 24
$-3.7M
$29.1M
Gross Margin
ITP
ITP
IVR
IVR
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%
Operating Margin
ITP
ITP
IVR
IVR
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%
Q1 24
-51.0%
Net Margin
ITP
ITP
IVR
IVR
Q4 25
242.2%
Q3 25
-5.7%
303.6%
Q2 25
-7.9%
-131.6%
Q1 25
-32.2%
104.4%
Q4 24
-22.9%
25.6%
Q3 24
-7.9%
542.2%
Q2 24
-0.3%
-155.9%
Q1 24
-54.6%
415.9%
EPS (diluted)
ITP
ITP
IVR
IVR
Q4 25
$0.72
Q3 25
$-0.11
$0.74
Q2 25
$-0.16
$-0.40
Q1 25
$-0.35
$0.26
Q4 24
$-0.40
$-0.09
Q3 24
$-0.20
$0.63
Q2 24
$-0.01
$-0.38
Q1 24
$-0.37
$0.49

Balance Sheet & Financial Strength

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

Metric
ITP
ITP
IVR
IVR
Cash + ST InvestmentsLiquidity on hand
$56.0M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$152.0M
$797.5M
Total Assets
$175.7M
$6.5B
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
IVR
IVR
Q4 25
$56.0M
Q3 25
$58.5M
Q2 25
$59.4M
Q1 25
$42.9M
Q4 24
$73.4M
Q3 24
$48.3M
Q2 24
$58.8M
Q1 24
$59.9M
Total Debt
ITP
ITP
IVR
IVR
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
Stockholders' Equity
ITP
ITP
IVR
IVR
Q4 25
$797.5M
Q3 25
$152.0M
$769.6M
Q2 25
$152.3M
$709.4M
Q1 25
$152.8M
$759.2M
Q4 24
$156.1M
$730.7M
Q3 24
$164.3M
$857.0M
Q2 24
$163.5M
$759.2M
Q1 24
$164.3M
$785.6M
Total Assets
ITP
ITP
IVR
IVR
Q4 25
$6.5B
Q3 25
$175.7M
$6.0B
Q2 25
$175.2M
$5.4B
Q1 25
$175.2M
$6.2B
Q4 24
$177.5M
$5.7B
Q3 24
$190.0M
$6.1B
Q2 24
$191.4M
$5.1B
Q1 24
$177.5M
$5.2B
Debt / Equity
ITP
ITP
IVR
IVR
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
ITP
ITP
IVR
IVR
Operating Cash FlowLast quarter
$1.5M
$157.1M
Free Cash FlowOCF − Capex
$1.5M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters
$3.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ITP
ITP
IVR
IVR
Q4 25
$157.1M
Q3 25
$1.5M
$37.3M
Q2 25
$1.4M
$40.6M
Q1 25
$-2.5M
$19.3M
Q4 24
$3.5M
$183.2M
Q3 24
$1.5M
$30.8M
Q2 24
$721.9K
$33.0M
Q1 24
$624.4K
$57.5M
Free Cash Flow
ITP
ITP
IVR
IVR
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
FCF Margin
ITP
ITP
IVR
IVR
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%
Capex Intensity
ITP
ITP
IVR
IVR
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%
Cash Conversion
ITP
ITP
IVR
IVR
Q4 25
3.05×
Q3 25
0.70×
Q2 25
Q1 25
0.98×
Q4 24
52.24×
Q3 24
0.76×
Q2 24
Q1 24
1.97×

Financial Flow Comparison

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

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