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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and R F INDUSTRIES LTD (RFIL). 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 $22.7M, roughly 1.1× R F INDUSTRIES LTD). R F INDUSTRIES LTD runs the higher net margin — 0.8% vs -5.7%, a 6.4% gap on every dollar of revenue. On growth, R F INDUSTRIES LTD posted the faster year-over-year revenue change (22.9% vs 2.1%). R F INDUSTRIES LTD produced more free cash flow last quarter ($2.0M vs $1.5M). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% 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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

ITP vs RFIL — Head-to-Head

Bigger by revenue
ITP
ITP
1.1× larger
ITP
$25.6M
$22.7M
RFIL
Growing faster (revenue YoY)
RFIL
RFIL
+20.9% gap
RFIL
22.9%
2.1%
ITP
Higher net margin
RFIL
RFIL
6.4% more per $
RFIL
0.8%
-5.7%
ITP
More free cash flow
RFIL
RFIL
$532.3K more FCF
RFIL
$2.0M
$1.5M
ITP
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
10.5%
ITP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ITP
ITP
RFIL
RFIL
Revenue
$25.6M
$22.7M
Net Profit
$-1.4M
$173.0K
Gross Margin
7.9%
36.8%
Operating Margin
-3.9%
4.0%
Net Margin
-5.7%
0.8%
Revenue YoY
2.1%
22.9%
Net Profit YoY
26.6%
172.7%
EPS (diluted)
$-0.11
$0.01

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
RFIL
RFIL
Q4 25
$22.7M
Q3 25
$25.6M
$19.8M
Q2 25
$24.8M
$18.9M
Q1 25
$10.9M
$19.2M
Q4 24
$17.6M
$18.5M
Q3 24
$25.1M
$16.8M
Q2 24
$26.2M
$16.1M
Q1 24
$6.9M
$13.5M
Net Profit
ITP
ITP
RFIL
RFIL
Q4 25
$173.0K
Q3 25
$-1.4M
$392.0K
Q2 25
$-2.0M
$-245.0K
Q1 25
$-3.5M
$-245.0K
Q4 24
$-4.0M
$-238.0K
Q3 24
$-2.0M
$-705.0K
Q2 24
$-77.7K
$-4.3M
Q1 24
$-3.7M
$-1.4M
Gross Margin
ITP
ITP
RFIL
RFIL
Q4 25
36.8%
Q3 25
7.9%
34.0%
Q2 25
5.1%
31.5%
Q1 25
0.8%
29.8%
Q4 24
6.3%
31.3%
Q3 24
7.6%
29.5%
Q2 24
12.4%
29.9%
Q1 24
5.8%
24.5%
Operating Margin
ITP
ITP
RFIL
RFIL
Q4 25
4.0%
Q3 25
-3.9%
3.6%
Q2 25
-7.1%
0.6%
Q1 25
-31.0%
0.3%
Q4 24
-21.5%
0.5%
Q3 24
-5.8%
-2.5%
Q2 24
2.1%
-2.6%
Q1 24
-51.0%
-15.5%
Net Margin
ITP
ITP
RFIL
RFIL
Q4 25
0.8%
Q3 25
-5.7%
2.0%
Q2 25
-7.9%
-1.3%
Q1 25
-32.2%
-1.3%
Q4 24
-22.9%
-1.3%
Q3 24
-7.9%
-4.2%
Q2 24
-0.3%
-26.7%
Q1 24
-54.6%
-10.1%
EPS (diluted)
ITP
ITP
RFIL
RFIL
Q4 25
$0.01
Q3 25
$-0.11
$0.04
Q2 25
$-0.16
$-0.02
Q1 25
$-0.35
$-0.02
Q4 24
$-0.40
$-0.02
Q3 24
$-0.20
$-0.07
Q2 24
$-0.01
$-0.41
Q1 24
$-0.37
$-0.13

Balance Sheet & Financial Strength

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

Metric
ITP
ITP
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$5.1M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$152.0M
$35.2M
Total Assets
$175.7M
$73.0M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
RFIL
RFIL
Q4 25
$5.1M
Q3 25
$3.0M
Q2 25
$3.6M
Q1 25
$1.3M
Q4 24
$839.0K
Q3 24
$1.8M
Q2 24
$1.4M
Q1 24
$4.5M
Total Debt
ITP
ITP
RFIL
RFIL
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
RFIL
RFIL
Q4 25
$35.2M
Q3 25
$152.0M
$34.8M
Q2 25
$152.3M
$34.2M
Q1 25
$152.8M
$34.2M
Q4 24
$156.1M
$34.1M
Q3 24
$164.3M
$34.1M
Q2 24
$163.5M
$34.6M
Q1 24
$164.3M
$38.7M
Total Assets
ITP
ITP
RFIL
RFIL
Q4 25
$73.0M
Q3 25
$175.7M
$73.2M
Q2 25
$175.2M
$72.7M
Q1 25
$175.2M
$70.4M
Q4 24
$177.5M
$71.0M
Q3 24
$190.0M
$71.9M
Q2 24
$191.4M
$72.8M
Q1 24
$177.5M
$79.1M
Debt / Equity
ITP
ITP
RFIL
RFIL
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
RFIL
RFIL
Operating Cash FlowLast quarter
$1.5M
$2.1M
Free Cash FlowOCF − Capex
$1.5M
$2.0M
FCF MarginFCF / Revenue
5.9%
9.0%
Capex IntensityCapex / Revenue
0.0%
0.3%
Cash ConversionOCF / Net Profit
12.13×
TTM Free Cash FlowTrailing 4 quarters
$3.8M
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ITP
ITP
RFIL
RFIL
Q4 25
$2.1M
Q3 25
$1.5M
$-311.0K
Q2 25
$1.4M
$2.2M
Q1 25
$-2.5M
$601.0K
Q4 24
$3.5M
$-244.0K
Q3 24
$1.5M
$2.4M
Q2 24
$721.9K
$197.0K
Q1 24
$624.4K
$840.0K
Free Cash Flow
ITP
ITP
RFIL
RFIL
Q4 25
$2.0M
Q3 25
$1.5M
$-419.0K
Q2 25
$1.3M
$2.2M
Q1 25
$-2.5M
$574.0K
Q4 24
$3.5M
$-418.0K
Q3 24
$1.2M
$2.1M
Q2 24
$668.3K
$28.0K
Q1 24
$615.4K
$697.0K
FCF Margin
ITP
ITP
RFIL
RFIL
Q4 25
9.0%
Q3 25
5.9%
-2.1%
Q2 25
5.4%
11.4%
Q1 25
-22.8%
3.0%
Q4 24
19.6%
-2.3%
Q3 24
4.9%
12.6%
Q2 24
2.5%
0.2%
Q1 24
9.0%
5.2%
Capex Intensity
ITP
ITP
RFIL
RFIL
Q4 25
0.3%
Q3 25
0.0%
0.5%
Q2 25
0.1%
0.2%
Q1 25
0.1%
0.1%
Q4 24
0.1%
0.9%
Q3 24
1.0%
1.5%
Q2 24
0.2%
1.0%
Q1 24
0.1%
1.1%
Cash Conversion
ITP
ITP
RFIL
RFIL
Q4 25
12.13×
Q3 25
-0.79×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ITP
ITP

Segment breakdown not available.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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