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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.
Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $25.6M, roughly 1.9× IT TECH PACKAGING, INC.). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -5.7%, a 3.5% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs 2.1%). Quipt Home Medical Corp. produced more free cash flow last quarter ($6.9M vs $1.5M).
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.
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
ITP vs QIPT — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $49.0M |
| Net Profit | $-1.4M | $-1.1M |
| Gross Margin | 7.9% | 53.5% |
| Operating Margin | -3.9% | 2.1% |
| Net Margin | -5.7% | -2.1% |
| Revenue YoY | 2.1% | 32.3% |
| Net Profit YoY | 26.6% | 2.9% |
| EPS (diluted) | $-0.11 | $-0.02 |
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 | — | $49.0M | ||
| Q3 25 | $25.6M | $39.8M | ||
| Q2 25 | $24.8M | $35.1M | ||
| Q1 25 | $10.9M | $33.3M | ||
| Q4 24 | $17.6M | $37.1M | ||
| Q3 24 | $25.1M | — | ||
| Q2 24 | $26.2M | — | ||
| Q1 24 | $6.9M | — |
| Q4 25 | — | $-1.1M | ||
| Q3 25 | $-1.4M | $-3.5M | ||
| Q2 25 | $-2.0M | $-3.0M | ||
| Q1 25 | $-3.5M | $-3.0M | ||
| Q4 24 | $-4.0M | $-1.1M | ||
| Q3 24 | $-2.0M | — | ||
| Q2 24 | $-77.7K | — | ||
| Q1 24 | $-3.7M | — |
| Q4 25 | — | 53.5% | ||
| Q3 25 | 7.9% | 48.7% | ||
| Q2 25 | 5.1% | 57.6% | ||
| Q1 25 | 0.8% | 54.6% | ||
| Q4 24 | 6.3% | 52.1% | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | 12.4% | — | ||
| Q1 24 | 5.8% | — |
| Q4 25 | — | 2.1% | ||
| Q3 25 | -3.9% | -3.6% | ||
| Q2 25 | -7.1% | -5.2% | ||
| Q1 25 | -31.0% | -3.0% | ||
| Q4 24 | -21.5% | 1.2% | ||
| Q3 24 | -5.8% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -51.0% | — |
| Q4 25 | — | -2.1% | ||
| Q3 25 | -5.7% | -8.9% | ||
| Q2 25 | -7.9% | -8.6% | ||
| Q1 25 | -32.2% | -9.1% | ||
| Q4 24 | -22.9% | -2.9% | ||
| Q3 24 | -7.9% | — | ||
| Q2 24 | -0.3% | — | ||
| Q1 24 | -54.6% | — |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $-0.11 | $-0.07 | ||
| Q2 25 | $-0.16 | $-0.07 | ||
| Q1 25 | $-0.35 | $-0.07 | ||
| Q4 24 | $-0.40 | $-0.03 | ||
| Q3 24 | $-0.20 | — | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $-0.37 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $10.5M |
| Total DebtLower is stronger | $4.7M | $84.0M |
| Stockholders' EquityBook value | $152.0M | $113.0M |
| Total Assets | $175.7M | $280.7M |
| Debt / EquityLower = less leverage | 0.03× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $10.5M | ||
| Q3 25 | — | $12.9M | ||
| Q2 25 | — | $11.3M | ||
| Q1 25 | — | $17.1M | ||
| Q4 24 | — | $15.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $84.0M | ||
| Q3 25 | $4.7M | $87.6M | ||
| Q2 25 | $4.7M | $66.0M | ||
| Q1 25 | $4.7M | $71.5M | ||
| Q4 24 | $4.7M | $70.6M | ||
| Q3 24 | $8.9M | — | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $11.4M | — |
| Q4 25 | — | $113.0M | ||
| Q3 25 | $152.0M | $112.1M | ||
| Q2 25 | $152.3M | $102.5M | ||
| Q1 25 | $152.8M | $103.6M | ||
| Q4 24 | $156.1M | $106.3M | ||
| Q3 24 | $164.3M | — | ||
| Q2 24 | $163.5M | — | ||
| Q1 24 | $164.3M | — |
| Q4 25 | — | $280.7M | ||
| Q3 25 | $175.7M | $283.3M | ||
| Q2 25 | $175.2M | $236.1M | ||
| Q1 25 | $175.2M | $244.6M | ||
| Q4 24 | $177.5M | $242.8M | ||
| Q3 24 | $190.0M | — | ||
| Q2 24 | $191.4M | — | ||
| Q1 24 | $177.5M | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | 0.03× | 0.78× | ||
| Q2 25 | 0.03× | 0.64× | ||
| Q1 25 | 0.03× | 0.69× | ||
| Q4 24 | 0.03× | 0.66× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5M | $8.9M |
| Free Cash FlowOCF − Capex | $1.5M | $6.9M |
| FCF MarginFCF / Revenue | 5.9% | 14.0% |
| Capex IntensityCapex / Revenue | 0.0% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.8M | $26.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.9M | ||
| Q3 25 | $1.5M | $9.8M | ||
| Q2 25 | $1.4M | $9.7M | ||
| Q1 25 | $-2.5M | $8.9M | ||
| Q4 24 | $3.5M | $9.3M | ||
| Q3 24 | $1.5M | — | ||
| Q2 24 | $721.9K | — | ||
| Q1 24 | $624.4K | — |
| Q4 25 | — | $6.9M | ||
| Q3 25 | $1.5M | $8.0M | ||
| Q2 25 | $1.3M | $4.4M | ||
| Q1 25 | $-2.5M | $7.3M | ||
| Q4 24 | $3.5M | $5.6M | ||
| Q3 24 | $1.2M | — | ||
| Q2 24 | $668.3K | — | ||
| Q1 24 | $615.4K | — |
| Q4 25 | — | 14.0% | ||
| Q3 25 | 5.9% | 20.0% | ||
| Q2 25 | 5.4% | 12.6% | ||
| Q1 25 | -22.8% | 22.0% | ||
| Q4 24 | 19.6% | 15.2% | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 9.0% | — |
| Q4 25 | — | 4.2% | ||
| Q3 25 | 0.0% | 4.6% | ||
| Q2 25 | 0.1% | 14.9% | ||
| Q1 25 | 0.1% | 4.8% | ||
| Q4 24 | 0.1% | 9.9% | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.1% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
