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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and John Marshall Bancorp, Inc. (JMSB). 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 $16.8M, roughly 1.5× John Marshall Bancorp, Inc.). John Marshall Bancorp, Inc. runs the higher net margin — 36.3% vs -5.7%, a 42.0% gap on every dollar of revenue. Over the past eight quarters, John Marshall Bancorp, Inc.'s revenue compounded faster (15.3% 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.

John Marshall Bancorp, Inc. is a U.S.-based bank holding company that operates through its wholly owned subsidiary John Marshall Bank. It provides a full suite of commercial and consumer banking products including deposit accounts, commercial loans, residential mortgages, and personal financial services, primarily serving retail customers and small-to-mid-sized businesses across the U.S. Mid-Atlantic region.

ITP vs JMSB — Head-to-Head

Bigger by revenue
ITP
ITP
1.5× larger
ITP
$25.6M
$16.8M
JMSB
Higher net margin
JMSB
JMSB
42.0% more per $
JMSB
36.3%
-5.7%
ITP
Faster 2-yr revenue CAGR
JMSB
JMSB
Annualised
JMSB
15.3%
10.5%
ITP

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ITP
ITP
JMSB
JMSB
Revenue
$25.6M
$16.8M
Net Profit
$-1.4M
$6.1M
Gross Margin
7.9%
Operating Margin
-3.9%
Net Margin
-5.7%
36.3%
Revenue YoY
2.1%
Net Profit YoY
26.6%
26.8%
EPS (diluted)
$-0.11
$0.43

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
JMSB
JMSB
Q1 26
$16.8M
Q4 25
$16.4M
Q3 25
$25.6M
$16.3M
Q2 25
$24.8M
$15.4M
Q1 25
$10.9M
$14.6M
Q4 24
$17.6M
$14.3M
Q3 24
$25.1M
$13.8M
Q2 24
$26.2M
$12.6M
Net Profit
ITP
ITP
JMSB
JMSB
Q1 26
$6.1M
Q4 25
$5.9M
Q3 25
$-1.4M
$5.4M
Q2 25
$-2.0M
$5.1M
Q1 25
$-3.5M
$4.8M
Q4 24
$-4.0M
$4.8M
Q3 24
$-2.0M
$4.2M
Q2 24
$-77.7K
$3.9M
Gross Margin
ITP
ITP
JMSB
JMSB
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
ITP
ITP
JMSB
JMSB
Q1 26
Q4 25
47.4%
Q3 25
-3.9%
42.2%
Q2 25
-7.1%
42.7%
Q1 25
-31.0%
42.4%
Q4 24
-21.5%
42.5%
Q3 24
-5.8%
38.8%
Q2 24
2.1%
39.7%
Net Margin
ITP
ITP
JMSB
JMSB
Q1 26
36.3%
Q4 25
36.2%
Q3 25
-5.7%
33.2%
Q2 25
-7.9%
33.1%
Q1 25
-32.2%
32.9%
Q4 24
-22.9%
33.3%
Q3 24
-7.9%
30.7%
Q2 24
-0.3%
30.9%
EPS (diluted)
ITP
ITP
JMSB
JMSB
Q1 26
$0.43
Q4 25
$0.41
Q3 25
$-0.11
$0.38
Q2 25
$-0.16
$0.36
Q1 25
$-0.35
$0.34
Q4 24
$-0.40
$0.33
Q3 24
$-0.20
$0.30
Q2 24
$-0.01
$0.27

Balance Sheet & Financial Strength

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

Metric
ITP
ITP
JMSB
JMSB
Cash + ST InvestmentsLiquidity on hand
$150.2M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$152.0M
$268.1M
Total Assets
$175.7M
$2.4B
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
JMSB
JMSB
Q1 26
$150.2M
Q4 25
$130.0M
Q3 25
$163.6M
Q2 25
$116.9M
Q1 25
$169.1M
Q4 24
$122.5M
Q3 24
$177.2M
Q2 24
$182.6M
Total Debt
ITP
ITP
JMSB
JMSB
Q1 26
Q4 25
$80.9M
Q3 25
$4.7M
$80.9M
Q2 25
$4.7M
$80.8M
Q1 25
$4.7M
$80.8M
Q4 24
$4.7M
$80.8M
Q3 24
$8.9M
$80.8M
Q2 24
$11.3M
$24.7M
Stockholders' Equity
ITP
ITP
JMSB
JMSB
Q1 26
$268.1M
Q4 25
$265.6M
Q3 25
$152.0M
$259.7M
Q2 25
$152.3M
$253.7M
Q1 25
$152.8M
$253.0M
Q4 24
$156.1M
$246.6M
Q3 24
$164.3M
$243.1M
Q2 24
$163.5M
$235.3M
Total Assets
ITP
ITP
JMSB
JMSB
Q1 26
$2.4B
Q4 25
$2.3B
Q3 25
$175.7M
$2.3B
Q2 25
$175.2M
$2.3B
Q1 25
$175.2M
$2.3B
Q4 24
$177.5M
$2.2B
Q3 24
$190.0M
$2.3B
Q2 24
$191.4M
$2.3B
Debt / Equity
ITP
ITP
JMSB
JMSB
Q1 26
Q4 25
0.30×
Q3 25
0.03×
0.31×
Q2 25
0.03×
0.32×
Q1 25
0.03×
0.32×
Q4 24
0.03×
0.33×
Q3 24
0.05×
0.33×
Q2 24
0.07×
0.11×

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
JMSB
JMSB
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
ITP
ITP
JMSB
JMSB
Q1 26
Q4 25
$22.6M
Q3 25
$1.5M
$1.2M
Q2 25
$1.4M
$7.5M
Q1 25
$-2.5M
$7.0M
Q4 24
$3.5M
$17.3M
Q3 24
$1.5M
$1.4M
Q2 24
$721.9K
$10.2M
Free Cash Flow
ITP
ITP
JMSB
JMSB
Q1 26
Q4 25
$22.0M
Q3 25
$1.5M
$1.2M
Q2 25
$1.3M
$7.4M
Q1 25
$-2.5M
$6.6M
Q4 24
$3.5M
$16.8M
Q3 24
$1.2M
$1.3M
Q2 24
$668.3K
$10.1M
FCF Margin
ITP
ITP
JMSB
JMSB
Q1 26
Q4 25
134.7%
Q3 25
5.9%
7.3%
Q2 25
5.4%
47.8%
Q1 25
-22.8%
45.3%
Q4 24
19.6%
116.9%
Q3 24
4.9%
9.5%
Q2 24
2.5%
80.1%
Capex Intensity
ITP
ITP
JMSB
JMSB
Q1 26
Q4 25
3.4%
Q3 25
0.0%
0.2%
Q2 25
0.1%
1.0%
Q1 25
0.1%
2.3%
Q4 24
0.1%
3.4%
Q3 24
1.0%
0.8%
Q2 24
0.2%
0.4%
Cash Conversion
ITP
ITP
JMSB
JMSB
Q1 26
Q4 25
3.82×
Q3 25
0.23×
Q2 25
1.48×
Q1 25
1.45×
Q4 24
3.61×
Q3 24
0.33×
Q2 24
2.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ITP
ITP

Segment breakdown not available.

JMSB
JMSB

Net Interest Income$16.5M98%
Noninterest Income$284.0K2%

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