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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and LCNB CORP (LCNB). 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 $23.9M, roughly 1.1× LCNB CORP). LCNB CORP runs the higher net margin — 23.7% vs -5.7%, a 29.4% gap on every dollar of revenue. On growth, LCNB CORP posted the faster year-over-year revenue change (5.1% vs 2.1%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $1.5M). Over the past eight quarters, LCNB CORP's revenue compounded faster (15.7% 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.

LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.

ITP vs LCNB — Head-to-Head

Bigger by revenue
ITP
ITP
1.1× larger
ITP
$25.6M
$23.9M
LCNB
Growing faster (revenue YoY)
LCNB
LCNB
+3.0% gap
LCNB
5.1%
2.1%
ITP
Higher net margin
LCNB
LCNB
29.4% more per $
LCNB
23.7%
-5.7%
ITP
More free cash flow
LCNB
LCNB
$31.9M more FCF
LCNB
$33.4M
$1.5M
ITP
Faster 2-yr revenue CAGR
LCNB
LCNB
Annualised
LCNB
15.7%
10.5%
ITP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ITP
ITP
LCNB
LCNB
Revenue
$25.6M
$23.9M
Net Profit
$-1.4M
$5.7M
Gross Margin
7.9%
Operating Margin
-3.9%
29.2%
Net Margin
-5.7%
23.7%
Revenue YoY
2.1%
5.1%
Net Profit YoY
26.6%
-7.6%
EPS (diluted)
$-0.11
$0.40

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
LCNB
LCNB
Q4 25
$23.9M
Q3 25
$25.6M
$23.8M
Q2 25
$24.8M
$22.8M
Q1 25
$10.9M
$21.5M
Q4 24
$17.6M
$22.7M
Q3 24
$25.1M
$21.4M
Q2 24
$26.2M
$19.3M
Q1 24
$6.9M
$17.8M
Net Profit
ITP
ITP
LCNB
LCNB
Q4 25
$5.7M
Q3 25
$-1.4M
$6.9M
Q2 25
$-2.0M
$5.9M
Q1 25
$-3.5M
$4.6M
Q4 24
$-4.0M
$6.1M
Q3 24
$-2.0M
$4.5M
Q2 24
$-77.7K
$925.0K
Q1 24
$-3.7M
$1.9M
Gross Margin
ITP
ITP
LCNB
LCNB
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
LCNB
LCNB
Q4 25
29.2%
Q3 25
-3.9%
35.6%
Q2 25
-7.1%
31.6%
Q1 25
-31.0%
25.6%
Q4 24
-21.5%
32.9%
Q3 24
-5.8%
24.9%
Q2 24
2.1%
4.9%
Q1 24
-51.0%
12.5%
Net Margin
ITP
ITP
LCNB
LCNB
Q4 25
23.7%
Q3 25
-5.7%
29.1%
Q2 25
-7.9%
26.0%
Q1 25
-32.2%
21.4%
Q4 24
-22.9%
27.0%
Q3 24
-7.9%
21.2%
Q2 24
-0.3%
4.8%
Q1 24
-54.6%
10.7%
EPS (diluted)
ITP
ITP
LCNB
LCNB
Q4 25
$0.40
Q3 25
$-0.11
$0.49
Q2 25
$-0.16
$0.41
Q1 25
$-0.35
$0.33
Q4 24
$-0.40
$0.44
Q3 24
$-0.20
$0.31
Q2 24
$-0.01
$0.07
Q1 24
$-0.37
$0.15

Balance Sheet & Financial Strength

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

Metric
ITP
ITP
LCNB
LCNB
Cash + ST InvestmentsLiquidity on hand
$21.6M
Total DebtLower is stronger
$4.7M
$104.4M
Stockholders' EquityBook value
$152.0M
$273.9M
Total Assets
$175.7M
$2.2B
Debt / EquityLower = less leverage
0.03×
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
LCNB
LCNB
Q4 25
$21.6M
Q3 25
$35.9M
Q2 25
$49.8M
Q1 25
$37.7M
Q4 24
$35.7M
Q3 24
$39.4M
Q2 24
$34.9M
Q1 24
$33.0M
Total Debt
ITP
ITP
LCNB
LCNB
Q4 25
$104.4M
Q3 25
$4.7M
$104.7M
Q2 25
$4.7M
$105.0M
Q1 25
$4.7M
$104.6M
Q4 24
$4.7M
$155.2M
Q3 24
$8.9M
$155.7M
Q2 24
$11.3M
$162.2M
Q1 24
$11.4M
$162.6M
Stockholders' Equity
ITP
ITP
LCNB
LCNB
Q4 25
$273.9M
Q3 25
$152.0M
$269.9M
Q2 25
$152.3M
$263.5M
Q1 25
$152.8M
$258.7M
Q4 24
$156.1M
$253.0M
Q3 24
$164.3M
$253.2M
Q2 24
$163.5M
$245.2M
Q1 24
$164.3M
$233.7M
Total Assets
ITP
ITP
LCNB
LCNB
Q4 25
$2.2B
Q3 25
$175.7M
$2.2B
Q2 25
$175.2M
$2.3B
Q1 25
$175.2M
$2.3B
Q4 24
$177.5M
$2.3B
Q3 24
$190.0M
$2.3B
Q2 24
$191.4M
$2.4B
Q1 24
$177.5M
$2.3B
Debt / Equity
ITP
ITP
LCNB
LCNB
Q4 25
0.38×
Q3 25
0.03×
0.39×
Q2 25
0.03×
0.40×
Q1 25
0.03×
0.40×
Q4 24
0.03×
0.61×
Q3 24
0.05×
0.61×
Q2 24
0.07×
0.66×
Q1 24
0.07×
0.70×

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
LCNB
LCNB
Operating Cash FlowLast quarter
$1.5M
$34.4M
Free Cash FlowOCF − Capex
$1.5M
$33.4M
FCF MarginFCF / Revenue
5.9%
140.2%
Capex IntensityCapex / Revenue
0.0%
4.0%
Cash ConversionOCF / Net Profit
6.08×
TTM Free Cash FlowTrailing 4 quarters
$3.8M
$54.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ITP
ITP
LCNB
LCNB
Q4 25
$34.4M
Q3 25
$1.5M
$14.0M
Q2 25
$1.4M
$5.5M
Q1 25
$-2.5M
$2.2M
Q4 24
$3.5M
$93.2M
Q3 24
$1.5M
$11.9M
Q2 24
$721.9K
$54.9M
Q1 24
$624.4K
$-11.9M
Free Cash Flow
ITP
ITP
LCNB
LCNB
Q4 25
$33.4M
Q3 25
$1.5M
$13.7M
Q2 25
$1.3M
$5.2M
Q1 25
$-2.5M
$2.1M
Q4 24
$3.5M
$89.4M
Q3 24
$1.2M
$10.5M
Q2 24
$668.3K
$53.8M
Q1 24
$615.4K
$-12.8M
FCF Margin
ITP
ITP
LCNB
LCNB
Q4 25
140.2%
Q3 25
5.9%
57.4%
Q2 25
5.4%
23.0%
Q1 25
-22.8%
10.0%
Q4 24
19.6%
394.0%
Q3 24
4.9%
49.0%
Q2 24
2.5%
278.6%
Q1 24
9.0%
-71.8%
Capex Intensity
ITP
ITP
LCNB
LCNB
Q4 25
4.0%
Q3 25
0.0%
1.3%
Q2 25
0.1%
1.0%
Q1 25
0.1%
0.3%
Q4 24
0.1%
16.7%
Q3 24
1.0%
6.7%
Q2 24
0.2%
5.9%
Q1 24
0.1%
4.8%
Cash Conversion
ITP
ITP
LCNB
LCNB
Q4 25
6.08×
Q3 25
2.02×
Q2 25
0.92×
Q1 25
0.48×
Q4 24
15.23×
Q3 24
2.63×
Q2 24
59.35×
Q1 24
-6.24×

Financial Flow Comparison

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

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