vs

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

NeuroPace Inc is the larger business by last-quarter revenue ($26.6M vs $25.6M, roughly 1.0× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -10.3%, a 4.6% gap on every dollar of revenue. On growth, NeuroPace Inc posted the faster year-over-year revenue change (23.9% vs 2.1%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $409.0K). Over the past eight quarters, NeuroPace Inc's revenue compounded faster (21.1% 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.

NeuroPace Inc is a medical technology company focused on developing and commercializing innovative implantable neurostimulation systems to treat neurological disorders, primarily drug-resistant epilepsy. Its core RNS System delivers personalized responsive stimulation to reduce seizure frequency, serving patients across North America and select global markets via partnerships with healthcare providers.

ITP vs NPCE — Head-to-Head

Bigger by revenue
NPCE
NPCE
1.0× larger
NPCE
$26.6M
$25.6M
ITP
Growing faster (revenue YoY)
NPCE
NPCE
+21.8% gap
NPCE
23.9%
2.1%
ITP
Higher net margin
ITP
ITP
4.6% more per $
ITP
-5.7%
-10.3%
NPCE
More free cash flow
ITP
ITP
$1.1M more FCF
ITP
$1.5M
$409.0K
NPCE
Faster 2-yr revenue CAGR
NPCE
NPCE
Annualised
NPCE
21.1%
10.5%
ITP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ITP
ITP
NPCE
NPCE
Revenue
$25.6M
$26.6M
Net Profit
$-1.4M
$-2.7M
Gross Margin
7.9%
77.4%
Operating Margin
-3.9%
-6.6%
Net Margin
-5.7%
-10.3%
Revenue YoY
2.1%
23.9%
Net Profit YoY
26.6%
48.0%
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.

Revenue
ITP
ITP
NPCE
NPCE
Q4 25
$26.6M
Q3 25
$25.6M
$27.4M
Q2 25
$24.8M
$23.5M
Q1 25
$10.9M
$22.5M
Q4 24
$17.6M
$21.5M
Q3 24
$25.1M
$21.1M
Q2 24
$26.2M
$19.3M
Q1 24
$6.9M
$18.1M
Net Profit
ITP
ITP
NPCE
NPCE
Q4 25
$-2.7M
Q3 25
$-1.4M
$-3.5M
Q2 25
$-2.0M
$-8.7M
Q1 25
$-3.5M
$-6.6M
Q4 24
$-4.0M
$-5.3M
Q3 24
$-2.0M
$-5.5M
Q2 24
$-77.7K
$-7.5M
Q1 24
$-3.7M
$-8.9M
Gross Margin
ITP
ITP
NPCE
NPCE
Q4 25
77.4%
Q3 25
7.9%
77.4%
Q2 25
5.1%
77.1%
Q1 25
0.8%
77.0%
Q4 24
6.3%
75.4%
Q3 24
7.6%
73.2%
Q2 24
12.4%
73.4%
Q1 24
5.8%
73.6%
Operating Margin
ITP
ITP
NPCE
NPCE
Q4 25
-6.6%
Q3 25
-3.9%
-9.5%
Q2 25
-7.1%
-29.0%
Q1 25
-31.0%
-22.9%
Q4 24
-21.5%
-17.0%
Q3 24
-5.8%
-20.1%
Q2 24
2.1%
-32.4%
Q1 24
-51.0%
-41.6%
Net Margin
ITP
ITP
NPCE
NPCE
Q4 25
-10.3%
Q3 25
-5.7%
-12.8%
Q2 25
-7.9%
-36.8%
Q1 25
-32.2%
-29.3%
Q4 24
-22.9%
-24.5%
Q3 24
-7.9%
-25.9%
Q2 24
-0.3%
-39.0%
Q1 24
-54.6%
-49.2%
EPS (diluted)
ITP
ITP
NPCE
NPCE
Q4 25
$-0.08
Q3 25
$-0.11
$-0.11
Q2 25
$-0.16
$-0.26
Q1 25
$-0.35
$-0.21
Q4 24
$-0.40
$-0.16
Q3 24
$-0.20
$-0.19
Q2 24
$-0.01
$-0.26
Q1 24
$-0.37
$-0.32

Balance Sheet & Financial Strength

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

Metric
ITP
ITP
NPCE
NPCE
Cash + ST InvestmentsLiquidity on hand
$61.1M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$152.0M
$19.0M
Total Assets
$175.7M
$105.6M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
NPCE
NPCE
Q4 25
$61.1M
Q3 25
$60.0M
Q2 25
$62.1M
Q1 25
$66.3M
Q4 24
$52.8M
Q3 24
$56.8M
Q2 24
$55.5M
Q1 24
$58.9M
Total Debt
ITP
ITP
NPCE
NPCE
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
Stockholders' Equity
ITP
ITP
NPCE
NPCE
Q4 25
$19.0M
Q3 25
$152.0M
$18.5M
Q2 25
$152.3M
$19.4M
Q1 25
$152.8M
$24.3M
Q4 24
$156.1M
$8.0M
Q3 24
$164.3M
$9.8M
Q2 24
$163.5M
$9.9M
Q1 24
$164.3M
$14.3M
Total Assets
ITP
ITP
NPCE
NPCE
Q4 25
$105.6M
Q3 25
$175.7M
$107.3M
Q2 25
$175.2M
$106.1M
Q1 25
$175.2M
$110.2M
Q4 24
$177.5M
$94.6M
Q3 24
$190.0M
$96.3M
Q2 24
$191.4M
$94.4M
Q1 24
$177.5M
$98.9M
Debt / Equity
ITP
ITP
NPCE
NPCE
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
ITP
ITP
NPCE
NPCE
Operating Cash FlowLast quarter
$1.5M
$506.0K
Free Cash FlowOCF − Capex
$1.5M
$409.0K
FCF MarginFCF / Revenue
5.9%
1.5%
Capex IntensityCapex / Revenue
0.0%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.8M
$-11.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ITP
ITP
NPCE
NPCE
Q4 25
$506.0K
Q3 25
$1.5M
$-1.9M
Q2 25
$1.4M
$-2.1M
Q1 25
$-2.5M
$-7.5M
Q4 24
$3.5M
$-4.8M
Q3 24
$1.5M
$-1.7M
Q2 24
$721.9K
$-3.9M
Q1 24
$624.4K
$-7.5M
Free Cash Flow
ITP
ITP
NPCE
NPCE
Q4 25
$409.0K
Q3 25
$1.5M
$-2.0M
Q2 25
$1.3M
$-2.3M
Q1 25
$-2.5M
$-7.5M
Q4 24
$3.5M
$-4.8M
Q3 24
$1.2M
$-1.8M
Q2 24
$668.3K
$-4.0M
Q1 24
$615.4K
$-7.6M
FCF Margin
ITP
ITP
NPCE
NPCE
Q4 25
1.5%
Q3 25
5.9%
-7.2%
Q2 25
5.4%
-9.6%
Q1 25
-22.8%
-33.4%
Q4 24
19.6%
-22.5%
Q3 24
4.9%
-8.7%
Q2 24
2.5%
-20.6%
Q1 24
9.0%
-42.1%
Capex Intensity
ITP
ITP
NPCE
NPCE
Q4 25
0.4%
Q3 25
0.0%
0.1%
Q2 25
0.1%
0.7%
Q1 25
0.1%
0.2%
Q4 24
0.1%
0.2%
Q3 24
1.0%
0.5%
Q2 24
0.2%
0.3%
Q1 24
0.1%
0.6%

Financial Flow Comparison

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

Related Comparisons