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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and LIFECORE BIOMEDICAL, INC. \DE\ (LFCR). Click either name above to swap in a different company.
LIFECORE BIOMEDICAL, INC. \DE\ is the larger business by last-quarter revenue ($31.1M vs $25.6M, roughly 1.2× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -32.1%, a 26.5% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -4.5%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $25.0K). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -0.1%).
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.
LIFECORE BIOMEDICAL, INC. is a biomedical firm focused on developing and manufacturing high-quality hyaluronic acid-based biomaterials. It operates three core segments: medical application products, pharmaceutical solutions, and personal care ingredients, with main markets spanning North America, Europe and the Asia-Pacific, supplying to leading medical device, pharmaceutical and cosmetic brand partners.
ITP vs LFCR — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $31.1M |
| Net Profit | $-1.4M | $-10.0M |
| Gross Margin | 7.9% | 25.0% |
| Operating Margin | -3.9% | -9.9% |
| Net Margin | -5.7% | -32.1% |
| Revenue YoY | 2.1% | -4.5% |
| Net Profit YoY | 26.6% | -52.0% |
| EPS (diluted) | $-0.11 | $-0.29 |
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.
| Q3 25 | $25.6M | $31.1M | ||
| Q2 25 | $24.8M | — | ||
| Q1 25 | $10.9M | $35.2M | ||
| Q4 24 | $17.6M | $32.6M | ||
| Q3 24 | $25.1M | $24.7M | ||
| Q2 24 | $26.2M | — | ||
| Q1 24 | $6.9M | $35.7M | ||
| Q4 23 | $21.0M | $30.1M |
| Q3 25 | $-1.4M | $-10.0M | ||
| Q2 25 | $-2.0M | — | ||
| Q1 25 | $-3.5M | $-14.8M | ||
| Q4 24 | $-4.0M | $-6.6M | ||
| Q3 24 | $-2.0M | $-16.2M | ||
| Q2 24 | $-77.7K | — | ||
| Q1 24 | $-3.7M | $15.6M | ||
| Q4 23 | $-4.0M | $14.2M |
| Q3 25 | 7.9% | 25.0% | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 0.8% | 28.0% | ||
| Q4 24 | 6.3% | 34.0% | ||
| Q3 24 | 7.6% | 21.8% | ||
| Q2 24 | 12.4% | — | ||
| Q1 24 | 5.8% | 33.3% | ||
| Q4 23 | 1.2% | 33.0% |
| Q3 25 | -3.9% | -9.9% | ||
| Q2 25 | -7.1% | — | ||
| Q1 25 | -31.0% | -25.7% | ||
| Q4 24 | -21.5% | -6.0% | ||
| Q3 24 | -5.8% | -46.9% | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -51.0% | -2.5% | ||
| Q4 23 | -18.1% | -4.9% |
| Q3 25 | -5.7% | -32.1% | ||
| Q2 25 | -7.9% | — | ||
| Q1 25 | -32.2% | -42.0% | ||
| Q4 24 | -22.9% | -20.2% | ||
| Q3 24 | -7.9% | -65.7% | ||
| Q2 24 | -0.3% | — | ||
| Q1 24 | -54.6% | 43.8% | ||
| Q4 23 | -19.0% | 47.2% |
| Q3 25 | $-0.11 | $-0.29 | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.35 | $-0.47 | ||
| Q4 24 | $-0.40 | $-0.25 | ||
| Q3 24 | $-0.20 | $-0.53 | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $-0.37 | $0.42 | ||
| Q4 23 | $-0.40 | $0.39 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $18.9M |
| Total DebtLower is stronger | $4.7M | $136.0M |
| Stockholders' EquityBook value | $152.0M | $-10.5M |
| Total Assets | $175.7M | $235.2M |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $18.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $9.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q3 25 | $4.7M | $136.0M | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $4.7M | $124.9M | ||
| Q4 24 | $4.7M | $111.3M | ||
| Q3 24 | $8.9M | $106.3M | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $11.4M | $97.1M | ||
| Q4 23 | $11.4M | $92.9M |
| Q3 25 | $152.0M | $-10.5M | ||
| Q2 25 | $152.3M | — | ||
| Q1 25 | $152.8M | $2.2M | ||
| Q4 24 | $156.1M | $15.4M | ||
| Q3 24 | $164.3M | $-3.9M | ||
| Q2 24 | $163.5M | — | ||
| Q1 24 | $164.3M | $17.7M | ||
| Q4 23 | $168.3M | $1.4M |
| Q3 25 | $175.7M | $235.2M | ||
| Q2 25 | $175.2M | — | ||
| Q1 25 | $175.2M | $237.7M | ||
| Q4 24 | $177.5M | $255.4M | ||
| Q3 24 | $190.0M | $246.8M | ||
| Q2 24 | $191.4M | — | ||
| Q1 24 | $177.5M | $246.2M | ||
| Q4 23 | $194.7M | $245.8M |
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.03× | 56.05× | ||
| Q4 24 | 0.03× | 7.20× | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.07× | 5.49× | ||
| Q4 23 | 0.07× | 65.35× |
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 | $1.8M |
| Free Cash FlowOCF − Capex | $1.5M | $25.0K |
| FCF MarginFCF / Revenue | 5.9% | 0.1% |
| Capex IntensityCapex / Revenue | 0.0% | 5.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.8M | $-16.8M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $1.5M | $1.8M | ||
| Q2 25 | $1.4M | — | ||
| Q1 25 | $-2.5M | $1.2M | ||
| Q4 24 | $3.5M | $-6.1M | ||
| Q3 24 | $1.5M | $-613.0K | ||
| Q2 24 | $721.9K | — | ||
| Q1 24 | $624.4K | $-1.4M | ||
| Q4 23 | $5.4M | $1.3M |
| Q3 25 | $1.5M | $25.0K | ||
| Q2 25 | $1.3M | — | ||
| Q1 25 | $-2.5M | $-4.3M | ||
| Q4 24 | $3.5M | $-8.6M | ||
| Q3 24 | $1.2M | $-4.0M | ||
| Q2 24 | $668.3K | — | ||
| Q1 24 | $615.4K | $-7.8M | ||
| Q4 23 | $-7.7M | $-3.0M |
| Q3 25 | 5.9% | 0.1% | ||
| Q2 25 | 5.4% | — | ||
| Q1 25 | -22.8% | -12.1% | ||
| Q4 24 | 19.6% | -26.3% | ||
| Q3 24 | 4.9% | -16.3% | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 9.0% | -21.8% | ||
| Q4 23 | -36.7% | -9.9% |
| Q3 25 | 0.0% | 5.6% | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | 15.5% | ||
| Q4 24 | 0.1% | 7.5% | ||
| Q3 24 | 1.0% | 13.9% | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.1% | 17.8% | ||
| Q4 23 | 62.4% | 14.1% |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.09× | ||
| Q4 23 | — | 0.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ITP
Segment breakdown not available.
LFCR
| Transferred At Point In Time | $26.6M | 85% |
| Transferred Over Time | $4.5M | 15% |
