vs
Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($51.0M vs $25.6M, roughly 2.0× IT TECH PACKAGING, INC.). LandBridge Co LLC runs the higher net margin — 35.0% vs -5.7%, a 40.7% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (16.0% vs 2.1%). LandBridge Co LLC produced more free cash flow last quarter ($40.9M vs $1.5M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (40.2% 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.
ITP vs LB — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $51.0M |
| Net Profit | $-1.4M | $17.9M |
| Gross Margin | 7.9% | — |
| Operating Margin | -3.9% | 57.2% |
| Net Margin | -5.7% | 35.0% |
| Revenue YoY | 2.1% | 16.0% |
| Net Profit YoY | 26.6% | 15.6% |
| 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.
| Q1 26 | — | $51.0M | ||
| Q4 25 | — | $56.8M | ||
| Q3 25 | $25.6M | $50.8M | ||
| Q2 25 | $24.8M | $47.5M | ||
| Q1 25 | $10.9M | $44.0M | ||
| Q4 24 | $17.6M | $36.5M | ||
| Q3 24 | $25.1M | $28.5M | ||
| Q2 24 | $26.2M | $26.0M |
| Q1 26 | — | $17.9M | ||
| Q4 25 | — | $8.1M | ||
| Q3 25 | $-1.4M | $8.1M | ||
| Q2 25 | $-2.0M | $7.5M | ||
| Q1 25 | $-3.5M | $6.5M | ||
| Q4 24 | $-4.0M | $49.3M | ||
| Q3 24 | $-2.0M | $2.7M | ||
| Q2 24 | $-77.7K | $-57.7M |
| 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% | — |
| Q1 26 | — | 57.2% | ||
| Q4 25 | — | 60.0% | ||
| Q3 25 | -3.9% | 60.8% | ||
| Q2 25 | -7.1% | 60.0% | ||
| Q1 25 | -31.0% | 57.0% | ||
| Q4 24 | -21.5% | 49.4% | ||
| Q3 24 | -5.8% | 11.2% | ||
| Q2 24 | 2.1% | -197.4% |
| Q1 26 | — | 35.0% | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | -5.7% | 15.9% | ||
| Q2 25 | -7.9% | 15.8% | ||
| Q1 25 | -32.2% | 14.7% | ||
| Q4 24 | -22.9% | 135.2% | ||
| Q3 24 | -7.9% | 9.3% | ||
| Q2 24 | -0.3% | -222.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.24 | ||
| Q3 25 | $-0.11 | $0.26 | ||
| Q2 25 | $-0.16 | $0.24 | ||
| Q1 25 | $-0.35 | $0.20 | ||
| Q4 24 | $-0.40 | — | ||
| Q3 24 | $-0.20 | $-0.04 | ||
| Q2 24 | $-0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $29.7M |
| Total DebtLower is stronger | $4.7M | $433.0K |
| Stockholders' EquityBook value | $152.0M | — |
| Total Assets | $175.7M | $1.4B |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.7M | ||
| Q4 25 | — | $30.7M | ||
| Q3 25 | — | $28.3M | ||
| Q2 25 | — | $20.3M | ||
| Q1 25 | — | $14.9M | ||
| Q4 24 | — | $37.0M | ||
| Q3 24 | — | $14.4M | ||
| Q2 24 | — | $24.6M |
| Q1 26 | — | $433.0K | ||
| Q4 25 | — | $570.7M | ||
| Q3 25 | $4.7M | $366.1M | ||
| Q2 25 | $4.7M | $370.9M | ||
| Q1 25 | $4.7M | $375.5M | ||
| Q4 24 | $4.7M | $385.5M | ||
| Q3 24 | $8.9M | $242.4M | ||
| Q2 24 | $11.3M | $360.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $340.3M | ||
| Q3 25 | $152.0M | $272.0M | ||
| Q2 25 | $152.3M | $266.4M | ||
| Q1 25 | $152.8M | $217.0M | ||
| Q4 24 | $156.1M | $211.8M | ||
| Q3 24 | $164.3M | $97.2M | ||
| Q2 24 | $163.5M | $296.4M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $175.7M | $1.1B | ||
| Q2 25 | $175.2M | $1.1B | ||
| Q1 25 | $175.2M | $1.0B | ||
| Q4 24 | $177.5M | $1.0B | ||
| Q3 24 | $190.0M | $689.9M | ||
| Q2 24 | $191.4M | $710.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.68× | ||
| Q3 25 | 0.03× | 1.35× | ||
| Q2 25 | 0.03× | 1.39× | ||
| Q1 25 | 0.03× | 1.73× | ||
| Q4 24 | 0.03× | 1.82× | ||
| Q3 24 | 0.05× | 2.49× | ||
| Q2 24 | 0.07× | 1.22× |
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 | $1.5M | $41.1M |
| Free Cash FlowOCF − Capex | $1.5M | $40.9M |
| FCF MarginFCF / Revenue | 5.9% | 80.3% |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | 2.30× |
| TTM Free Cash FlowTrailing 4 quarters | $3.8M | $232.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $41.1M | ||
| Q4 25 | — | $126.3M | ||
| Q3 25 | $1.5M | $34.9M | ||
| Q2 25 | $1.4M | $37.3M | ||
| Q1 25 | $-2.5M | $15.9M | ||
| Q4 24 | $3.5M | $67.6M | ||
| Q3 24 | $1.5M | $7.5M | ||
| Q2 24 | $721.9K | $16.0M |
| Q1 26 | — | $40.9M | ||
| Q4 25 | — | $122.0M | ||
| Q3 25 | $1.5M | $33.7M | ||
| Q2 25 | $1.3M | $36.1M | ||
| Q1 25 | $-2.5M | $15.8M | ||
| Q4 24 | $3.5M | $66.7M | ||
| Q3 24 | $1.2M | $7.1M | ||
| Q2 24 | $668.3K | $15.7M |
| Q1 26 | — | 80.3% | ||
| Q4 25 | — | 214.9% | ||
| Q3 25 | 5.9% | 66.3% | ||
| Q2 25 | 5.4% | 75.9% | ||
| Q1 25 | -22.8% | 36.0% | ||
| Q4 24 | 19.6% | 182.6% | ||
| Q3 24 | 4.9% | 25.1% | ||
| Q2 24 | 2.5% | 60.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.5% | ||
| Q3 25 | 0.0% | 2.3% | ||
| Q2 25 | 0.1% | 2.6% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.1% | 2.7% | ||
| Q3 24 | 1.0% | 1.1% | ||
| Q2 24 | 0.2% | 1.4% |
| Q1 26 | — | 2.30× | ||
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ITP
Segment breakdown not available.
LB
| Other | $14.2M | 28% |
| Easements and other surface-related revenues | $11.6M | 23% |
| Surface use royalties - related party | $11.0M | 22% |
| Resource sales | $5.2M | 10% |
| Resource royalties | $4.3M | 8% |
| Easements and other surface-related revenues - related party | $3.2M | 6% |
| Resource royalties - related party | $1.3M | 2% |
| Resource sales - related party | $205.0K | 0% |
