vs

Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and Maison Solutions Inc. (MSS). Click either name above to swap in a different company.

Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $25.6M, roughly 1.1× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -18.0%, a 12.3% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% 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.

Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.

ITP vs MSS — Head-to-Head

Bigger by revenue
MSS
MSS
1.1× larger
MSS
$27.6M
$25.6M
ITP
Growing faster (revenue YoY)
ITP
ITP
+13.0% gap
ITP
2.1%
-10.9%
MSS
Higher net margin
ITP
ITP
12.3% more per $
ITP
-5.7%
-18.0%
MSS
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
10.5%
ITP

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
ITP
ITP
MSS
MSS
Revenue
$25.6M
$27.6M
Net Profit
$-1.4M
$-5.0M
Gross Margin
7.9%
23.4%
Operating Margin
-3.9%
-4.9%
Net Margin
-5.7%
-18.0%
Revenue YoY
2.1%
-10.9%
Net Profit YoY
26.6%
-1840.5%
EPS (diluted)
$-0.11
$-0.23

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
MSS
MSS
Q4 25
$27.6M
Q3 25
$25.6M
$27.2M
Q2 25
$24.8M
$34.4M
Q1 25
$10.9M
$32.3M
Q4 24
$17.6M
$29.4M
Q3 24
$25.1M
$28.2M
Q2 24
$26.2M
$16.9M
Q1 24
$6.9M
$13.6M
Net Profit
ITP
ITP
MSS
MSS
Q4 25
$-5.0M
Q3 25
$-1.4M
$-1.5M
Q2 25
$-2.0M
$-287.4K
Q1 25
$-3.5M
$1.0M
Q4 24
$-4.0M
$-256.0K
Q3 24
$-2.0M
$700.9K
Q2 24
$-77.7K
$-2.8M
Q1 24
$-3.7M
$-549.0K
Gross Margin
ITP
ITP
MSS
MSS
Q4 25
23.4%
Q3 25
7.9%
24.1%
Q2 25
5.1%
9.5%
Q1 25
0.8%
21.8%
Q4 24
6.3%
26.9%
Q3 24
7.6%
28.9%
Q2 24
12.4%
13.0%
Q1 24
5.8%
23.4%
Operating Margin
ITP
ITP
MSS
MSS
Q4 25
-4.9%
Q3 25
-3.9%
0.7%
Q2 25
-7.1%
-15.9%
Q1 25
-31.0%
3.7%
Q4 24
-21.5%
3.2%
Q3 24
-5.8%
7.3%
Q2 24
2.1%
-14.4%
Q1 24
-51.0%
-2.3%
Net Margin
ITP
ITP
MSS
MSS
Q4 25
-18.0%
Q3 25
-5.7%
-5.7%
Q2 25
-7.9%
-0.8%
Q1 25
-32.2%
3.1%
Q4 24
-22.9%
-0.9%
Q3 24
-7.9%
2.5%
Q2 24
-0.3%
-16.4%
Q1 24
-54.6%
-4.0%
EPS (diluted)
ITP
ITP
MSS
MSS
Q4 25
$-0.23
Q3 25
$-0.11
$-0.08
Q2 25
$-0.16
$-0.02
Q1 25
$-0.35
$0.06
Q4 24
$-0.40
$-0.01
Q3 24
$-0.20
$0.04
Q2 24
$-0.01
$-0.16
Q1 24
$-0.37
$-0.03

Balance Sheet & Financial Strength

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

Metric
ITP
ITP
MSS
MSS
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$4.7M
$2.6M
Stockholders' EquityBook value
$152.0M
$11.6M
Total Assets
$175.7M
$75.4M
Debt / EquityLower = less leverage
0.03×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
MSS
MSS
Q4 25
Q3 25
$1.1M
Q2 25
$775.4K
Q1 25
$445.4K
Q4 24
$355.7K
Q3 24
$588.9K
Q2 24
$2.1M
Q1 24
$9.4M
Total Debt
ITP
ITP
MSS
MSS
Q4 25
$2.6M
Q3 25
$4.7M
$2.6M
Q2 25
$4.7M
$2.6M
Q1 25
$4.7M
Q4 24
$4.7M
Q3 24
$8.9M
$2.5M
Q2 24
$11.3M
$2.6M
Q1 24
$11.4M
$2.6M
Stockholders' Equity
ITP
ITP
MSS
MSS
Q4 25
$11.6M
Q3 25
$152.0M
$10.1M
Q2 25
$152.3M
$11.7M
Q1 25
$152.8M
$12.0M
Q4 24
$156.1M
$10.9M
Q3 24
$164.3M
$11.2M
Q2 24
$163.5M
$10.5M
Q1 24
$164.3M
$13.3M
Total Assets
ITP
ITP
MSS
MSS
Q4 25
$75.4M
Q3 25
$175.7M
$73.3M
Q2 25
$175.2M
$77.4M
Q1 25
$175.2M
$82.7M
Q4 24
$177.5M
$82.7M
Q3 24
$190.0M
$82.1M
Q2 24
$191.4M
$82.4M
Q1 24
$177.5M
$44.2M
Debt / Equity
ITP
ITP
MSS
MSS
Q4 25
0.22×
Q3 25
0.03×
0.26×
Q2 25
0.03×
0.22×
Q1 25
0.03×
Q4 24
0.03×
Q3 24
0.05×
0.23×
Q2 24
0.07×
0.24×
Q1 24
0.07×
0.19×

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
MSS
MSS
Operating Cash FlowLast quarter
$1.5M
$-1.7M
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.

Operating Cash Flow
ITP
ITP
MSS
MSS
Q4 25
$-1.7M
Q3 25
$1.5M
$1.1M
Q2 25
$1.4M
$-1.6M
Q1 25
$-2.5M
$1.7M
Q4 24
$3.5M
$1.1M
Q3 24
$1.5M
$3.6M
Q2 24
$721.9K
$-2.6M
Q1 24
$624.4K
$-1.4M
Free Cash Flow
ITP
ITP
MSS
MSS
Q4 25
Q3 25
$1.5M
Q2 25
$1.3M
Q1 25
$-2.5M
Q4 24
$3.5M
Q3 24
$1.2M
Q2 24
$668.3K
Q1 24
$615.4K
FCF Margin
ITP
ITP
MSS
MSS
Q4 25
Q3 25
5.9%
Q2 25
5.4%
Q1 25
-22.8%
Q4 24
19.6%
Q3 24
4.9%
Q2 24
2.5%
Q1 24
9.0%
Capex Intensity
ITP
ITP
MSS
MSS
Q4 25
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
1.0%
Q2 24
0.2%
Q1 24
0.1%
Cash Conversion
ITP
ITP
MSS
MSS
Q4 25
Q3 25
Q2 25
Q1 25
1.66×
Q4 24
Q3 24
5.12×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ITP
ITP

Segment breakdown not available.

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

Related Comparisons