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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and ON24 INC. (ONTF). Click either name above to swap in a different company.

ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $25.6M, roughly 1.4× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -18.8%, a 13.1% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -5.6%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-2.2M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -4.2%).

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.

ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.

ITP vs ONTF — Head-to-Head

Bigger by revenue
ONTF
ONTF
1.4× larger
ONTF
$34.6M
$25.6M
ITP
Growing faster (revenue YoY)
ITP
ITP
+7.6% gap
ITP
2.1%
-5.6%
ONTF
Higher net margin
ITP
ITP
13.1% more per $
ITP
-5.7%
-18.8%
ONTF
More free cash flow
ITP
ITP
$3.7M more FCF
ITP
$1.5M
$-2.2M
ONTF
Faster 2-yr revenue CAGR
ITP
ITP
Annualised
ITP
10.5%
-4.2%
ONTF

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ITP
ITP
ONTF
ONTF
Revenue
$25.6M
$34.6M
Net Profit
$-1.4M
$-6.5M
Gross Margin
7.9%
74.9%
Operating Margin
-3.9%
-23.5%
Net Margin
-5.7%
-18.8%
Revenue YoY
2.1%
-5.6%
Net Profit YoY
26.6%
26.8%
EPS (diluted)
$-0.11
$-0.15

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
ONTF
ONTF
Q4 25
$34.6M
Q3 25
$25.6M
$34.6M
Q2 25
$24.8M
$35.3M
Q1 25
$10.9M
$34.7M
Q4 24
$17.6M
$36.7M
Q3 24
$25.1M
$36.3M
Q2 24
$26.2M
$37.3M
Q1 24
$6.9M
$37.7M
Net Profit
ITP
ITP
ONTF
ONTF
Q4 25
$-6.5M
Q3 25
$-1.4M
$-6.4M
Q2 25
$-2.0M
$-7.3M
Q1 25
$-3.5M
$-8.7M
Q4 24
$-4.0M
$-8.9M
Q3 24
$-2.0M
$-11.4M
Q2 24
$-77.7K
$-11.2M
Q1 24
$-3.7M
$-10.7M
Gross Margin
ITP
ITP
ONTF
ONTF
Q4 25
74.9%
Q3 25
7.9%
74.7%
Q2 25
5.1%
75.1%
Q1 25
0.8%
73.8%
Q4 24
6.3%
74.5%
Q3 24
7.6%
74.3%
Q2 24
12.4%
74.5%
Q1 24
5.8%
74.1%
Operating Margin
ITP
ITP
ONTF
ONTF
Q4 25
-23.5%
Q3 25
-3.9%
-23.1%
Q2 25
-7.1%
-26.0%
Q1 25
-31.0%
-30.1%
Q4 24
-21.5%
-32.1%
Q3 24
-5.8%
-36.7%
Q2 24
2.1%
-35.0%
Q1 24
-51.0%
-33.1%
Net Margin
ITP
ITP
ONTF
ONTF
Q4 25
-18.8%
Q3 25
-5.7%
-18.4%
Q2 25
-7.9%
-20.6%
Q1 25
-32.2%
-25.1%
Q4 24
-22.9%
-24.2%
Q3 24
-7.9%
-31.4%
Q2 24
-0.3%
-29.9%
Q1 24
-54.6%
-28.4%
EPS (diluted)
ITP
ITP
ONTF
ONTF
Q4 25
$-0.15
Q3 25
$-0.11
$-0.15
Q2 25
$-0.16
$-0.17
Q1 25
$-0.35
$-0.21
Q4 24
$-0.40
$-0.21
Q3 24
$-0.20
$-0.27
Q2 24
$-0.01
$-0.27
Q1 24
$-0.37
$-0.26

Balance Sheet & Financial Strength

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

Metric
ITP
ITP
ONTF
ONTF
Cash + ST InvestmentsLiquidity on hand
$37.0M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$152.0M
$139.4M
Total Assets
$175.7M
$228.4M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
ONTF
ONTF
Q4 25
$37.0M
Q3 25
$47.2M
Q2 25
$37.7M
Q1 25
$26.8M
Q4 24
$14.9M
Q3 24
$11.0M
Q2 24
$15.5M
Q1 24
$18.3M
Total Debt
ITP
ITP
ONTF
ONTF
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
ONTF
ONTF
Q4 25
$139.4M
Q3 25
$152.0M
$144.3M
Q2 25
$152.3M
$150.0M
Q1 25
$152.8M
$153.7M
Q4 24
$156.1M
$159.4M
Q3 24
$164.3M
$164.9M
Q2 24
$163.5M
$170.8M
Q1 24
$164.3M
$174.4M
Total Assets
ITP
ITP
ONTF
ONTF
Q4 25
$228.4M
Q3 25
$175.7M
$224.8M
Q2 25
$175.2M
$235.1M
Q1 25
$175.2M
$245.8M
Q4 24
$177.5M
$251.0M
Q3 24
$190.0M
$250.9M
Q2 24
$191.4M
$259.0M
Q1 24
$177.5M
$269.2M
Debt / Equity
ITP
ITP
ONTF
ONTF
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
ONTF
ONTF
Operating Cash FlowLast quarter
$1.5M
$-1.1M
Free Cash FlowOCF − Capex
$1.5M
$-2.2M
FCF MarginFCF / Revenue
5.9%
-6.4%
Capex IntensityCapex / Revenue
0.0%
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.8M
$4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ITP
ITP
ONTF
ONTF
Q4 25
$-1.1M
Q3 25
$1.5M
$2.5M
Q2 25
$1.4M
$2.6M
Q1 25
$-2.5M
$3.4M
Q4 24
$3.5M
$985.0K
Q3 24
$1.5M
$295.0K
Q2 24
$721.9K
$1.4M
Q1 24
$624.4K
$2.1M
Free Cash Flow
ITP
ITP
ONTF
ONTF
Q4 25
$-2.2M
Q3 25
$1.5M
$2.2M
Q2 25
$1.3M
$2.1M
Q1 25
$-2.5M
$1.9M
Q4 24
$3.5M
$424.0K
Q3 24
$1.2M
$143.0K
Q2 24
$668.3K
$898.0K
Q1 24
$615.4K
$1.1M
FCF Margin
ITP
ITP
ONTF
ONTF
Q4 25
-6.4%
Q3 25
5.9%
6.2%
Q2 25
5.4%
5.9%
Q1 25
-22.8%
5.6%
Q4 24
19.6%
1.2%
Q3 24
4.9%
0.4%
Q2 24
2.5%
2.4%
Q1 24
9.0%
2.9%
Capex Intensity
ITP
ITP
ONTF
ONTF
Q4 25
3.3%
Q3 25
0.0%
1.1%
Q2 25
0.1%
1.4%
Q1 25
0.1%
4.2%
Q4 24
0.1%
1.5%
Q3 24
1.0%
0.4%
Q2 24
0.2%
1.3%
Q1 24
0.1%
2.8%

Financial Flow Comparison

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

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