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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.
Plymouth Industrial REIT, Inc. is the larger business by last-quarter revenue ($51.2M vs $25.6M, roughly 2.0× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -106.3%, a 100.6% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -1.4%). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs 0.4%).
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.
Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.
ITP vs PLYM — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $51.2M |
| Net Profit | $-1.4M | $-54.4M |
| Gross Margin | 7.9% | — |
| Operating Margin | -3.9% | -102.5% |
| Net Margin | -5.7% | -106.3% |
| Revenue YoY | 2.1% | -1.4% |
| Net Profit YoY | 26.6% | -248.5% |
| EPS (diluted) | $-0.11 | $-1.23 |
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.
| Q3 25 | $25.6M | $51.2M | ||
| Q2 25 | $24.8M | $47.2M | ||
| Q1 25 | $10.9M | $45.6M | ||
| Q4 24 | $17.6M | $47.6M | ||
| Q3 24 | $25.1M | $51.9M | ||
| Q2 24 | $26.2M | $48.7M | ||
| Q1 24 | $6.9M | $50.2M | ||
| Q4 23 | $21.0M | $50.8M |
| Q3 25 | $-1.4M | $-54.4M | ||
| Q2 25 | $-2.0M | $-6.1M | ||
| Q1 25 | $-3.5M | $5.8M | ||
| Q4 24 | $-4.0M | $147.4M | ||
| Q3 24 | $-2.0M | $-15.6M | ||
| Q2 24 | $-77.7K | $1.3M | ||
| Q1 24 | $-3.7M | $6.2M | ||
| Q4 23 | $-4.0M | $9.3M |
| Q3 25 | 7.9% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | 12.4% | — | ||
| Q1 24 | 5.8% | — | ||
| Q4 23 | 1.2% | — |
| Q3 25 | -3.9% | -102.5% | ||
| Q2 25 | -7.1% | -10.3% | ||
| Q1 25 | -31.0% | — | ||
| Q4 24 | -21.5% | — | ||
| Q3 24 | -5.8% | -29.6% | ||
| Q2 24 | 2.1% | 2.7% | ||
| Q1 24 | -51.0% | — | ||
| Q4 23 | -18.1% | — |
| Q3 25 | -5.7% | -106.3% | ||
| Q2 25 | -7.9% | -12.9% | ||
| Q1 25 | -32.2% | 12.8% | ||
| Q4 24 | -22.9% | 309.9% | ||
| Q3 24 | -7.9% | -30.1% | ||
| Q2 24 | -0.3% | 2.7% | ||
| Q1 24 | -54.6% | 12.4% | ||
| Q4 23 | -19.0% | 18.3% |
| Q3 25 | $-0.11 | $-1.23 | ||
| Q2 25 | $-0.16 | $-0.14 | ||
| Q1 25 | $-0.35 | $0.13 | ||
| Q4 24 | $-0.40 | $3.24 | ||
| Q3 24 | $-0.20 | $-0.35 | ||
| Q2 24 | $-0.01 | $0.03 | ||
| Q1 24 | $-0.37 | $0.14 | ||
| Q4 23 | $-0.40 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $4.7M | — |
| Stockholders' EquityBook value | $152.0M | $470.1M |
| Total Assets | $175.7M | $1.6B |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $4.7M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $4.7M | — | ||
| Q4 24 | $4.7M | $646.4M | ||
| Q3 24 | $8.9M | — | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $11.4M | — | ||
| Q4 23 | $11.4M | $873.4M |
| Q3 25 | $152.0M | $470.1M | ||
| Q2 25 | $152.3M | $539.6M | ||
| Q1 25 | $152.8M | $571.0M | ||
| Q4 24 | $156.1M | $579.5M | ||
| Q3 24 | $164.3M | $436.5M | ||
| Q2 24 | $163.5M | $475.2M | ||
| Q1 24 | $164.3M | $484.6M | ||
| Q4 23 | $168.3M | $483.0M |
| Q3 25 | $175.7M | $1.6B | ||
| Q2 25 | $175.2M | $1.6B | ||
| Q1 25 | $175.2M | $1.4B | ||
| Q4 24 | $177.5M | $1.4B | ||
| Q3 24 | $190.0M | $1.5B | ||
| Q2 24 | $191.4M | $1.4B | ||
| Q1 24 | $177.5M | $1.4B | ||
| Q4 23 | $194.7M | $1.4B |
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.03× | 1.12× | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.07× | — | ||
| Q4 23 | 0.07× | 1.81× |
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 | $20.0M |
| 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.
| Q3 25 | $1.5M | $20.0M | ||
| Q2 25 | $1.4M | $23.4M | ||
| Q1 25 | $-2.5M | $15.6M | ||
| Q4 24 | $3.5M | $96.1M | ||
| Q3 24 | $1.5M | $17.6M | ||
| Q2 24 | $721.9K | $19.9M | ||
| Q1 24 | $624.4K | $16.6M | ||
| Q4 23 | $5.4M | $18.6M |
| 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 | — | ||
| Q4 23 | $-7.7M | — |
| 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% | — | ||
| Q4 23 | -36.7% | — |
| 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% | — | ||
| Q4 23 | 62.4% | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 15.12× | ||
| Q1 24 | — | 2.67× | ||
| Q4 23 | — | 2.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
