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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and NextPlat Corp (NXPL). 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 $12.8M, roughly 2.0× NextPlat Corp). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -40.2%, a 34.5% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -21.1%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-339.0K). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -14.4%).
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.
ITP vs NXPL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $12.8M |
| Net Profit | $-1.4M | $-5.1M |
| Gross Margin | 7.9% | 14.3% |
| Operating Margin | -3.9% | -28.9% |
| Net Margin | -5.7% | -40.2% |
| Revenue YoY | 2.1% | -21.1% |
| Net Profit YoY | 26.6% | -70.6% |
| EPS (diluted) | $-0.11 | — |
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 | — | $12.8M | ||
| Q3 25 | $25.6M | $13.8M | ||
| Q2 25 | $24.8M | $13.2M | ||
| Q1 25 | $10.9M | $14.5M | ||
| Q4 24 | $17.6M | $16.2M | ||
| Q3 24 | $25.1M | $15.4M | ||
| Q2 24 | $26.2M | $17.0M | ||
| Q1 24 | $6.9M | $17.5M |
| Q4 25 | — | $-5.1M | ||
| Q3 25 | $-1.4M | $-2.2M | ||
| Q2 25 | $-2.0M | $-1.8M | ||
| Q1 25 | $-3.5M | $-1.3M | ||
| Q4 24 | $-4.0M | $-3.0M | ||
| Q3 24 | $-2.0M | $-4.2M | ||
| Q2 24 | $-77.7K | $-5.3M | ||
| Q1 24 | $-3.7M | $-1.5M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | 7.9% | 19.9% | ||
| Q2 25 | 5.1% | 21.8% | ||
| Q1 25 | 0.8% | 23.8% | ||
| Q4 24 | 6.3% | 16.8% | ||
| Q3 24 | 7.6% | 23.2% | ||
| Q2 24 | 12.4% | 34.5% | ||
| Q1 24 | 5.8% | 27.8% |
| Q4 25 | — | -28.9% | ||
| Q3 25 | -3.9% | -14.5% | ||
| Q2 25 | -7.1% | -13.8% | ||
| Q1 25 | -31.0% | -10.2% | ||
| Q4 24 | -21.5% | -14.1% | ||
| Q3 24 | -5.8% | -52.1% | ||
| Q2 24 | 2.1% | -64.1% | ||
| Q1 24 | -51.0% | -10.5% |
| Q4 25 | — | -40.2% | ||
| Q3 25 | -5.7% | -15.9% | ||
| Q2 25 | -7.9% | -13.5% | ||
| Q1 25 | -32.2% | -9.2% | ||
| Q4 24 | -22.9% | -18.6% | ||
| Q3 24 | -7.9% | -27.4% | ||
| Q2 24 | -0.3% | -31.3% | ||
| Q1 24 | -54.6% | -8.5% |
| Q4 25 | — | — | ||
| Q3 25 | $-0.11 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.35 | $-0.05 | ||
| Q4 24 | $-0.40 | — | ||
| Q3 24 | $-0.20 | $-0.22 | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $-0.37 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $13.7M |
| Total DebtLower is stronger | $4.7M | $1.3M |
| Stockholders' EquityBook value | $152.0M | $17.3M |
| Total Assets | $175.7M | $27.5M |
| Debt / EquityLower = less leverage | 0.03× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $13.7M | ||
| Q3 25 | — | $13.9M | ||
| Q2 25 | — | $16.6M | ||
| Q1 25 | — | $17.7M | ||
| Q4 24 | — | $20.0M | ||
| Q3 24 | — | $20.4M | ||
| Q2 24 | — | $24.9M | ||
| Q1 24 | — | $23.5M |
| Q4 25 | — | $1.3M | ||
| Q3 25 | $4.7M | $1.2M | ||
| Q2 25 | $4.7M | $1.2M | ||
| Q1 25 | $4.7M | $1.3M | ||
| Q4 24 | $4.7M | $1.4M | ||
| Q3 24 | $8.9M | $1.5M | ||
| Q2 24 | $11.3M | $1.3M | ||
| Q1 24 | $11.4M | $1.4M |
| Q4 25 | — | $17.3M | ||
| Q3 25 | $152.0M | $21.4M | ||
| Q2 25 | $152.3M | $23.5M | ||
| Q1 25 | $152.8M | $25.3M | ||
| Q4 24 | $156.1M | $27.3M | ||
| Q3 24 | $164.3M | $22.5M | ||
| Q2 24 | $163.5M | $26.5M | ||
| Q1 24 | $164.3M | $31.2M |
| Q4 25 | — | $27.5M | ||
| Q3 25 | $175.7M | $30.0M | ||
| Q2 25 | $175.2M | $31.0M | ||
| Q1 25 | $175.2M | $35.2M | ||
| Q4 24 | $177.5M | $37.1M | ||
| Q3 24 | $190.0M | $41.1M | ||
| Q2 24 | $191.4M | $51.5M | ||
| Q1 24 | $177.5M | $65.1M |
| Q4 25 | — | 0.07× | ||
| Q3 25 | 0.03× | 0.05× | ||
| Q2 25 | 0.03× | 0.05× | ||
| Q1 25 | 0.03× | 0.05× | ||
| Q4 24 | 0.03× | 0.05× | ||
| Q3 24 | 0.05× | 0.07× | ||
| Q2 24 | 0.07× | 0.05× | ||
| Q1 24 | 0.07× | 0.04× |
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 | $-302.0K |
| Free Cash FlowOCF − Capex | $1.5M | $-339.0K |
| FCF MarginFCF / Revenue | 5.9% | -2.6% |
| Capex IntensityCapex / Revenue | 0.0% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-302.0K | ||
| Q3 25 | $1.5M | $-2.7M | ||
| Q2 25 | $1.4M | $-1.0M | ||
| Q1 25 | $-2.5M | $-2.1M | ||
| Q4 24 | $3.5M | $-476.0K | ||
| Q3 24 | $1.5M | $-4.6M | ||
| Q2 24 | $721.9K | $2.3M | ||
| Q1 24 | $624.4K | $-2.7M |
| Q4 25 | — | $-339.0K | ||
| Q3 25 | $1.5M | — | ||
| Q2 25 | $1.3M | $-1.1M | ||
| Q1 25 | $-2.5M | $-2.1M | ||
| Q4 24 | $3.5M | $-508.0K | ||
| Q3 24 | $1.2M | $-4.7M | ||
| Q2 24 | $668.3K | $2.2M | ||
| Q1 24 | $615.4K | $-2.7M |
| Q4 25 | — | -2.6% | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 5.4% | -8.0% | ||
| Q1 25 | -22.8% | -14.3% | ||
| Q4 24 | 19.6% | -3.1% | ||
| Q3 24 | 4.9% | -30.6% | ||
| Q2 24 | 2.5% | 13.2% | ||
| Q1 24 | 9.0% | -15.7% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 1.0% | 0.6% | ||
| Q2 24 | 0.2% | 0.4% | ||
| Q1 24 | 0.1% | 0.4% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ITP
Segment breakdown not available.
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
