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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and ROCKWELL MEDICAL, INC. (RMTI). 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 $18.3M, roughly 1.4× ROCKWELL MEDICAL, INC.). ROCKWELL MEDICAL, INC. runs the higher net margin — -3.0% vs -5.7%, a 2.6% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -25.6%). ROCKWELL MEDICAL, INC. produced more free cash flow last quarter ($2.2M vs $1.5M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -10.1%).
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.
Rockwell Medical Inc. is a publicly traded pharmaceutical company based in Wixom, Michigan and founded in 1996 that focuses on development and commercialization of treatments against diseases such as end-stage renal disease (ESRD) and chronic kidney disease (CKD).
ITP vs RMTI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $18.3M |
| Net Profit | $-1.4M | $-554.0K |
| Gross Margin | 7.9% | 21.1% |
| Operating Margin | -3.9% | -2.2% |
| Net Margin | -5.7% | -3.0% |
| Revenue YoY | 2.1% | -25.6% |
| Net Profit YoY | 26.6% | 26.7% |
| 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.
| Q4 25 | — | $18.3M | ||
| Q3 25 | $25.6M | $15.9M | ||
| Q2 25 | $24.8M | $16.1M | ||
| Q1 25 | $10.9M | $18.9M | ||
| Q4 24 | $17.6M | $24.7M | ||
| Q3 24 | $25.1M | $28.3M | ||
| Q2 24 | $26.2M | $25.8M | ||
| Q1 24 | $6.9M | $22.7M |
| Q4 25 | — | $-554.0K | ||
| Q3 25 | $-1.4M | $-1.8M | ||
| Q2 25 | $-2.0M | $-1.5M | ||
| Q1 25 | $-3.5M | $-1.5M | ||
| Q4 24 | $-4.0M | $-756.0K | ||
| Q3 24 | $-2.0M | $1.7M | ||
| Q2 24 | $-77.7K | $343.0K | ||
| Q1 24 | $-3.7M | $-1.7M |
| Q4 25 | — | 21.1% | ||
| Q3 25 | 7.9% | 14.3% | ||
| Q2 25 | 5.1% | 15.6% | ||
| Q1 25 | 0.8% | 16.1% | ||
| Q4 24 | 6.3% | 14.7% | ||
| Q3 24 | 7.6% | 22.0% | ||
| Q2 24 | 12.4% | 17.6% | ||
| Q1 24 | 5.8% | 13.5% |
| Q4 25 | — | -2.2% | ||
| Q3 25 | -3.9% | -9.9% | ||
| Q2 25 | -7.1% | -8.4% | ||
| Q1 25 | -31.0% | -7.2% | ||
| Q4 24 | -21.5% | -2.1% | ||
| Q3 24 | -5.8% | 6.8% | ||
| Q2 24 | 2.1% | 2.0% | ||
| Q1 24 | -51.0% | -5.8% |
| Q4 25 | — | -3.0% | ||
| Q3 25 | -5.7% | -11.0% | ||
| Q2 25 | -7.9% | -9.3% | ||
| Q1 25 | -32.2% | -8.0% | ||
| Q4 24 | -22.9% | -3.1% | ||
| Q3 24 | -7.9% | 5.9% | ||
| Q2 24 | -0.3% | 1.3% | ||
| Q1 24 | -54.6% | -7.6% |
| Q4 25 | — | $-0.01 | ||
| Q3 25 | $-0.11 | $-0.05 | ||
| Q2 25 | $-0.16 | $-0.05 | ||
| Q1 25 | $-0.35 | $-0.04 | ||
| Q4 24 | $-0.40 | $-0.02 | ||
| Q3 24 | $-0.20 | $0.04 | ||
| Q2 24 | $-0.01 | $0.01 | ||
| Q1 24 | $-0.37 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $10.7M |
| Total DebtLower is stronger | $4.7M | — |
| Stockholders' EquityBook value | $152.0M | $37.0M |
| Total Assets | $175.7M | $57.1M |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $10.7M | ||
| Q3 25 | — | $13.6M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | — | $11.4M | ||
| Q4 24 | — | $15.7M | ||
| Q3 24 | — | $12.3M | ||
| Q2 24 | — | $11.9M | ||
| Q1 24 | — | $6.6M |
| 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 | — |
| Q4 25 | — | $37.0M | ||
| Q3 25 | $152.0M | $37.0M | ||
| Q2 25 | $152.3M | $30.4M | ||
| Q1 25 | $152.8M | $31.5M | ||
| Q4 24 | $156.1M | $32.6M | ||
| Q3 24 | $164.3M | $29.1M | ||
| Q2 24 | $163.5M | $23.5M | ||
| Q1 24 | $164.3M | $20.6M |
| Q4 25 | — | $57.1M | ||
| Q3 25 | $175.7M | $57.5M | ||
| Q2 25 | $175.2M | $52.6M | ||
| Q1 25 | $175.2M | $54.0M | ||
| Q4 24 | $177.5M | $59.2M | ||
| Q3 24 | $190.0M | $57.1M | ||
| Q2 24 | $191.4M | $53.0M | ||
| Q1 24 | $177.5M | $50.7M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5M | $2.3M |
| Free Cash FlowOCF − Capex | $1.5M | $2.2M |
| FCF MarginFCF / Revenue | 5.9% | 12.0% |
| Capex IntensityCapex / Revenue | 0.0% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.8M | $-1.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.3M | ||
| Q3 25 | $1.5M | $-1.3M | ||
| Q2 25 | $1.4M | $1.8M | ||
| Q1 25 | $-2.5M | $-3.5M | ||
| Q4 24 | $3.5M | $865.0K | ||
| Q3 24 | $1.5M | $4.3M | ||
| Q2 24 | $721.9K | $1.4M | ||
| Q1 24 | $624.4K | $-2.4M |
| Q4 25 | — | $2.2M | ||
| Q3 25 | $1.5M | $-1.5M | ||
| Q2 25 | $1.3M | $1.7M | ||
| Q1 25 | $-2.5M | $-3.5M | ||
| Q4 24 | $3.5M | $470.0K | ||
| Q3 24 | $1.2M | $4.1M | ||
| Q2 24 | $668.3K | $1.2M | ||
| Q1 24 | $615.4K | $-2.5M |
| Q4 25 | — | 12.0% | ||
| Q3 25 | 5.9% | -9.6% | ||
| Q2 25 | 5.4% | 10.5% | ||
| Q1 25 | -22.8% | -18.8% | ||
| Q4 24 | 19.6% | 1.9% | ||
| Q3 24 | 4.9% | 14.4% | ||
| Q2 24 | 2.5% | 4.5% | ||
| Q1 24 | 9.0% | -11.1% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 0.0% | 1.4% | ||
| Q2 25 | 0.1% | 1.0% | ||
| Q1 25 | 0.1% | 0.3% | ||
| Q4 24 | 0.1% | 1.6% | ||
| Q3 24 | 1.0% | 0.7% | ||
| Q2 24 | 0.2% | 1.1% | ||
| Q1 24 | 0.1% | 0.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.57× | ||
| Q2 24 | — | 4.20× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ITP
Segment breakdown not available.
RMTI
| US | $15.9M | 87% |
| Non Us | $2.4M | 13% |
