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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and Mastech Digital, Inc. (MHH). Click either name above to swap in a different company.
Mastech Digital, Inc. is the larger business by last-quarter revenue ($45.5M vs $25.6M, roughly 1.8× IT TECH PACKAGING, INC.). Mastech Digital, Inc. runs the higher net margin — 2.1% vs -5.7%, a 7.8% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -10.4%). Mastech Digital, Inc. produced more free cash flow last quarter ($4.3M vs $1.5M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -1.5%).
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.
Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.
ITP vs MHH — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $45.5M |
| Net Profit | $-1.4M | $972.0K |
| Gross Margin | 7.9% | 28.3% |
| Operating Margin | -3.9% | 2.2% |
| Net Margin | -5.7% | 2.1% |
| Revenue YoY | 2.1% | -10.4% |
| Net Profit YoY | 26.6% | 227.3% |
| EPS (diluted) | $-0.11 | $0.08 |
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.
| Q4 25 | — | $45.5M | ||
| Q3 25 | $25.6M | $48.5M | ||
| Q2 25 | $24.8M | $49.1M | ||
| Q1 25 | $10.9M | $48.3M | ||
| Q4 24 | $17.6M | $50.7M | ||
| Q3 24 | $25.1M | $51.8M | ||
| Q2 24 | $26.2M | $49.5M | ||
| Q1 24 | $6.9M | $46.8M |
| Q4 25 | — | $972.0K | ||
| Q3 25 | $-1.4M | $941.0K | ||
| Q2 25 | $-2.0M | $135.0K | ||
| Q1 25 | $-3.5M | $-1.4M | ||
| Q4 24 | $-4.0M | $297.0K | ||
| Q3 24 | $-2.0M | $1.9M | ||
| Q2 24 | $-77.7K | $1.4M | ||
| Q1 24 | $-3.7M | $-161.0K |
| Q4 25 | — | 28.3% | ||
| Q3 25 | 7.9% | 27.8% | ||
| Q2 25 | 5.1% | 28.1% | ||
| Q1 25 | 0.8% | 26.7% | ||
| Q4 24 | 6.3% | 29.0% | ||
| Q3 24 | 7.6% | 28.5% | ||
| Q2 24 | 12.4% | 28.2% | ||
| Q1 24 | 5.8% | 25.9% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | -3.9% | 1.7% | ||
| Q2 25 | -7.1% | 0.1% | ||
| Q1 25 | -31.0% | -3.8% | ||
| Q4 24 | -21.5% | 0.1% | ||
| Q3 24 | -5.8% | 4.7% | ||
| Q2 24 | 2.1% | 3.4% | ||
| Q1 24 | -51.0% | -0.9% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | -5.7% | 1.9% | ||
| Q2 25 | -7.9% | 0.3% | ||
| Q1 25 | -32.2% | -3.0% | ||
| Q4 24 | -22.9% | 0.6% | ||
| Q3 24 | -7.9% | 3.6% | ||
| Q2 24 | -0.3% | 2.8% | ||
| Q1 24 | -54.6% | -0.3% |
| Q4 25 | — | $0.08 | ||
| Q3 25 | $-0.11 | $0.08 | ||
| Q2 25 | $-0.16 | $0.01 | ||
| Q1 25 | $-0.35 | $-0.12 | ||
| Q4 24 | $-0.40 | $0.01 | ||
| Q3 24 | $-0.20 | $0.16 | ||
| Q2 24 | $-0.01 | $0.12 | ||
| Q1 24 | $-0.37 | $-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 | — | $36.5M |
| Total DebtLower is stronger | $4.7M | — |
| Stockholders' EquityBook value | $152.0M | $89.3M |
| Total Assets | $175.7M | $111.8M |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $36.5M | ||
| Q3 25 | — | $32.7M | ||
| Q2 25 | — | $27.9M | ||
| Q1 25 | — | $24.7M | ||
| Q4 24 | — | $27.7M | ||
| Q3 24 | — | $23.9M | ||
| Q2 24 | — | $20.6M | ||
| Q1 24 | — | $19.4M |
| 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 | — |
| Q4 25 | — | $89.3M | ||
| Q3 25 | $152.0M | $88.0M | ||
| Q2 25 | $152.3M | $87.8M | ||
| Q1 25 | $152.8M | $86.9M | ||
| Q4 24 | $156.1M | $87.4M | ||
| Q3 24 | $164.3M | $86.5M | ||
| Q2 24 | $163.5M | $84.0M | ||
| Q1 24 | $164.3M | $81.7M |
| Q4 25 | — | $111.8M | ||
| Q3 25 | $175.7M | $112.6M | ||
| Q2 25 | $175.2M | $110.4M | ||
| Q1 25 | $175.2M | $110.1M | ||
| Q4 24 | $177.5M | $111.5M | ||
| Q3 24 | $190.0M | $111.5M | ||
| Q2 24 | $191.4M | $107.5M | ||
| Q1 24 | $177.5M | $106.1M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5M | $4.4M |
| Free Cash FlowOCF − Capex | $1.5M | $4.3M |
| FCF MarginFCF / Revenue | 5.9% | 9.5% |
| Capex IntensityCapex / Revenue | 0.0% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.48× |
| TTM Free Cash FlowTrailing 4 quarters | $3.8M | $10.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.4M | ||
| Q3 25 | $1.5M | $6.5M | ||
| Q2 25 | $1.4M | $3.3M | ||
| Q1 25 | $-2.5M | $-3.0M | ||
| Q4 24 | $3.5M | $4.0M | ||
| Q3 24 | $1.5M | $3.3M | ||
| Q2 24 | $721.9K | $1.2M | ||
| Q1 24 | $624.4K | $-1.3M |
| Q4 25 | — | $4.3M | ||
| Q3 25 | $1.5M | $6.3M | ||
| Q2 25 | $1.3M | $3.2M | ||
| Q1 25 | $-2.5M | $-3.1M | ||
| Q4 24 | $3.5M | $3.9M | ||
| Q3 24 | $1.2M | $3.2M | ||
| Q2 24 | $668.3K | $707.0K | ||
| Q1 24 | $615.4K | $-1.6M |
| Q4 25 | — | 9.5% | ||
| Q3 25 | 5.9% | 13.0% | ||
| Q2 25 | 5.4% | 6.6% | ||
| Q1 25 | -22.8% | -6.4% | ||
| Q4 24 | 19.6% | 7.7% | ||
| Q3 24 | 4.9% | 6.2% | ||
| Q2 24 | 2.5% | 1.4% | ||
| Q1 24 | 9.0% | -3.4% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 0.0% | 0.4% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 1.0% | 0.1% | ||
| Q2 24 | 0.2% | 1.0% | ||
| Q1 24 | 0.1% | 0.6% |
| Q4 25 | — | 4.48× | ||
| Q3 25 | — | 6.88× | ||
| Q2 25 | — | 24.41× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 13.60× | ||
| Q3 24 | — | 1.76× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ITP
Segment breakdown not available.
MHH
| IT Staffing Services | $37.6M | 83% |
| Data And Analytics Services | $7.8M | 17% |
