vs
Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and EVERSPIN TECHNOLOGIES INC. (MRAM). 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 $14.9M, roughly 1.7× EVERSPIN TECHNOLOGIES INC.). EVERSPIN TECHNOLOGIES INC. runs the higher net margin — -2.0% vs -5.7%, a 3.7% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs 2.1%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% 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.
Everspin Technologies, Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, United States. It develops and manufactures discrete magnetoresistive RAM or magnetoresistive random-access memory (MRAM) products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) product families. It also licenses its technology for use in embedded MRAM (eMRAM) applications, magnetic sensor applications as well as performs backend foundry services for eMRAM.
ITP vs MRAM — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $14.9M |
| Net Profit | $-1.4M | $-296.0K |
| Gross Margin | 7.9% | 52.7% |
| Operating Margin | -3.9% | 29.0% |
| Net Margin | -5.7% | -2.0% |
| Revenue YoY | 2.1% | 13.2% |
| Net Profit YoY | 26.6% | — |
| EPS (diluted) | $-0.11 | $-0.01 |
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 | — | $14.9M | ||
| Q4 25 | — | $14.8M | ||
| Q3 25 | $25.6M | $14.1M | ||
| Q2 25 | $24.8M | $13.2M | ||
| Q1 25 | $10.9M | $13.1M | ||
| Q4 24 | $17.6M | $13.2M | ||
| Q3 24 | $25.1M | $12.1M | ||
| Q2 24 | $26.2M | $10.6M |
| Q1 26 | — | $-296.0K | ||
| Q4 25 | — | $1.2M | ||
| Q3 25 | $-1.4M | $54.0K | ||
| Q2 25 | $-2.0M | $-670.0K | ||
| Q1 25 | $-3.5M | $-1.2M | ||
| Q4 24 | $-4.0M | $1.2M | ||
| Q3 24 | $-2.0M | $2.3M | ||
| Q2 24 | $-77.7K | $-2.5M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 50.8% | ||
| Q3 25 | 7.9% | 51.3% | ||
| Q2 25 | 5.1% | 51.3% | ||
| Q1 25 | 0.8% | 51.4% | ||
| Q4 24 | 6.3% | 51.3% | ||
| Q3 24 | 7.6% | 49.2% | ||
| Q2 24 | 12.4% | 49.0% |
| Q1 26 | — | 29.0% | ||
| Q4 25 | — | -7.2% | ||
| Q3 25 | -3.9% | -11.0% | ||
| Q2 25 | -7.1% | -14.9% | ||
| Q1 25 | -31.0% | -14.7% | ||
| Q4 24 | -21.5% | -11.8% | ||
| Q3 24 | -5.8% | -17.5% | ||
| Q2 24 | 2.1% | -26.5% |
| Q1 26 | — | -2.0% | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | -5.7% | 0.4% | ||
| Q2 25 | -7.9% | -5.1% | ||
| Q1 25 | -32.2% | -8.9% | ||
| Q4 24 | -22.9% | 9.2% | ||
| Q3 24 | -7.9% | 18.8% | ||
| Q2 24 | -0.3% | -23.5% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | — | $0.05 | ||
| Q3 25 | $-0.11 | $0.00 | ||
| Q2 25 | $-0.16 | $-0.03 | ||
| Q1 25 | $-0.35 | $-0.05 | ||
| Q4 24 | $-0.40 | $0.07 | ||
| Q3 24 | $-0.20 | $0.10 | ||
| Q2 24 | $-0.01 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $40.5M |
| Total DebtLower is stronger | $4.7M | — |
| Stockholders' EquityBook value | $152.0M | $70.2M |
| Total Assets | $175.7M | $83.2M |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.5M | ||
| Q4 25 | — | $44.5M | ||
| Q3 25 | — | $45.3M | ||
| Q2 25 | — | $45.0M | ||
| Q1 25 | — | $42.2M | ||
| Q4 24 | — | $42.1M | ||
| Q3 24 | — | $39.6M | ||
| Q2 24 | — | $36.8M |
| Q1 26 | — | — | ||
| 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 26 | — | $70.2M | ||
| Q4 25 | — | $68.9M | ||
| Q3 25 | $152.0M | $65.8M | ||
| Q2 25 | $152.3M | $64.1M | ||
| Q1 25 | $152.8M | $63.0M | ||
| Q4 24 | $156.1M | $62.6M | ||
| Q3 24 | $164.3M | $59.3M | ||
| Q2 24 | $163.5M | $55.4M |
| Q1 26 | — | $83.2M | ||
| Q4 25 | — | $84.6M | ||
| Q3 25 | $175.7M | $80.3M | ||
| Q2 25 | $175.2M | $78.9M | ||
| Q1 25 | $175.2M | $80.2M | ||
| Q4 24 | $177.5M | $77.8M | ||
| Q3 24 | $190.0M | $72.6M | ||
| Q2 24 | $191.4M | $64.6M |
| Q1 26 | — | — | ||
| 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× | — |
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 | $570.0K |
| Free Cash FlowOCF − Capex | $1.5M | — |
| FCF MarginFCF / Revenue | 5.9% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $570.0K | ||
| Q4 25 | — | $2.6M | ||
| Q3 25 | $1.5M | $881.0K | ||
| Q2 25 | $1.4M | $5.0M | ||
| Q1 25 | $-2.5M | $1.4M | ||
| Q4 24 | $3.5M | $3.8M | ||
| Q3 24 | $1.5M | $2.8M | ||
| Q2 24 | $721.9K | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-975.0K | ||
| Q3 25 | $1.5M | $543.0K | ||
| Q2 25 | $1.3M | $3.0M | ||
| Q1 25 | $-2.5M | $527.0K | ||
| Q4 24 | $3.5M | $2.1M | ||
| Q3 24 | $1.2M | $2.8M | ||
| Q2 24 | $668.3K | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | -6.6% | ||
| Q3 25 | 5.9% | 3.9% | ||
| Q2 25 | 5.4% | 22.9% | ||
| Q1 25 | -22.8% | 4.0% | ||
| Q4 24 | 19.6% | 15.8% | ||
| Q3 24 | 4.9% | 22.9% | ||
| Q2 24 | 2.5% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | 0.0% | 2.4% | ||
| Q2 25 | 0.1% | 15.1% | ||
| Q1 25 | 0.1% | 6.9% | ||
| Q4 24 | 0.1% | 13.2% | ||
| Q3 24 | 1.0% | 0.5% | ||
| Q2 24 | 0.2% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.19× | ||
| Q3 25 | — | 16.31× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.16× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ITP
Segment breakdown not available.
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
