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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and KESTRA MEDICAL TECHNOLOGIES, LTD. (KMTS). 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 $22.6M, roughly 1.1× KESTRA MEDICAL TECHNOLOGIES, LTD.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -145.3%, a 139.6% gap on every dollar of revenue. IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-25.6M).

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.

Kestra Medical Technologies, Ltd. is a medical device firm that develops, manufactures and commercializes innovative minimally invasive therapeutic solutions, mainly for interventional cardiology and structural heart disease treatment. It operates across North America, Europe and key Asia-Pacific markets, serving global healthcare providers and patients.

ITP vs KMTS — Head-to-Head

Bigger by revenue
ITP
ITP
1.1× larger
ITP
$25.6M
$22.6M
KMTS
Higher net margin
ITP
ITP
139.6% more per $
ITP
-5.7%
-145.3%
KMTS
More free cash flow
ITP
ITP
$27.1M more FCF
ITP
$1.5M
$-25.6M
KMTS

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
ITP
ITP
KMTS
KMTS
Revenue
$25.6M
$22.6M
Net Profit
$-1.4M
$-32.8M
Gross Margin
7.9%
50.6%
Operating Margin
-3.9%
-140.7%
Net Margin
-5.7%
-145.3%
Revenue YoY
2.1%
Net Profit YoY
26.6%
EPS (diluted)
$-0.11
$-0.64

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
KMTS
KMTS
Q4 25
$22.6M
Q3 25
$25.6M
$19.4M
Q2 25
$24.8M
Q1 25
$10.9M
Q4 24
$17.6M
Q3 24
$25.1M
Q2 24
$26.2M
Q1 24
$6.9M
Net Profit
ITP
ITP
KMTS
KMTS
Q4 25
$-32.8M
Q3 25
$-1.4M
$-25.8M
Q2 25
$-2.0M
Q1 25
$-3.5M
Q4 24
$-4.0M
Q3 24
$-2.0M
Q2 24
$-77.7K
Q1 24
$-3.7M
Gross Margin
ITP
ITP
KMTS
KMTS
Q4 25
50.6%
Q3 25
7.9%
45.7%
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
KMTS
KMTS
Q4 25
-140.7%
Q3 25
-3.9%
-149.1%
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
KMTS
KMTS
Q4 25
-145.3%
Q3 25
-5.7%
-133.3%
Q2 25
-7.9%
Q1 25
-32.2%
Q4 24
-22.9%
Q3 24
-7.9%
Q2 24
-0.3%
Q1 24
-54.6%
EPS (diluted)
ITP
ITP
KMTS
KMTS
Q4 25
$-0.64
Q3 25
$-0.11
$-0.50
Q2 25
$-0.16
Q1 25
$-0.35
Q4 24
$-0.40
Q3 24
$-0.20
Q2 24
$-0.01
Q1 24
$-0.37

Balance Sheet & Financial Strength

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

Metric
ITP
ITP
KMTS
KMTS
Cash + ST InvestmentsLiquidity on hand
$175.4M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$152.0M
$164.1M
Total Assets
$175.7M
$246.7M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
KMTS
KMTS
Q4 25
$175.4M
Q3 25
$201.2M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
ITP
ITP
KMTS
KMTS
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
KMTS
KMTS
Q4 25
$164.1M
Q3 25
$152.0M
$184.2M
Q2 25
$152.3M
Q1 25
$152.8M
Q4 24
$156.1M
Q3 24
$164.3M
Q2 24
$163.5M
Q1 24
$164.3M
Total Assets
ITP
ITP
KMTS
KMTS
Q4 25
$246.7M
Q3 25
$175.7M
$266.3M
Q2 25
$175.2M
Q1 25
$175.2M
Q4 24
$177.5M
Q3 24
$190.0M
Q2 24
$191.4M
Q1 24
$177.5M
Debt / Equity
ITP
ITP
KMTS
KMTS
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
KMTS
KMTS
Operating Cash FlowLast quarter
$1.5M
$-18.3M
Free Cash FlowOCF − Capex
$1.5M
$-25.6M
FCF MarginFCF / Revenue
5.9%
-113.5%
Capex IntensityCapex / Revenue
0.0%
32.2%
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
KMTS
KMTS
Q4 25
$-18.3M
Q3 25
$1.5M
$-26.3M
Q2 25
$1.4M
Q1 25
$-2.5M
Q4 24
$3.5M
Q3 24
$1.5M
Q2 24
$721.9K
Q1 24
$624.4K
Free Cash Flow
ITP
ITP
KMTS
KMTS
Q4 25
$-25.6M
Q3 25
$1.5M
$-34.4M
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
KMTS
KMTS
Q4 25
-113.5%
Q3 25
5.9%
-177.8%
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
KMTS
KMTS
Q4 25
32.2%
Q3 25
0.0%
42.2%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
1.0%
Q2 24
0.2%
Q1 24
0.1%

Financial Flow Comparison

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

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