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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $25.6M, roughly 1.4× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -8.9%, a 3.2% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs 2.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $1.5M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
ITP vs SMRT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $36.5M |
| Net Profit | $-1.4M | $-3.2M |
| Gross Margin | 7.9% | 38.6% |
| Operating Margin | -3.9% | -10.9% |
| Net Margin | -5.7% | -8.9% |
| Revenue YoY | 2.1% | 3.1% |
| Net Profit YoY | 26.6% | 71.6% |
| 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 | — | $36.5M | ||
| Q3 25 | $25.6M | $36.2M | ||
| Q2 25 | $24.8M | $38.3M | ||
| Q1 25 | $10.9M | $41.3M | ||
| Q4 24 | $17.6M | $35.4M | ||
| Q3 24 | $25.1M | $40.5M | ||
| Q2 24 | $26.2M | $48.5M | ||
| Q1 24 | $6.9M | $50.5M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $-1.4M | $-6.3M | ||
| Q2 25 | $-2.0M | $-10.9M | ||
| Q1 25 | $-3.5M | $-40.2M | ||
| Q4 24 | $-4.0M | $-11.4M | ||
| Q3 24 | $-2.0M | $-9.9M | ||
| Q2 24 | $-77.7K | $-4.6M | ||
| Q1 24 | $-3.7M | $-7.7M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | 7.9% | 26.4% | ||
| Q2 25 | 5.1% | 33.1% | ||
| Q1 25 | 0.8% | 32.8% | ||
| Q4 24 | 6.3% | 28.7% | ||
| Q3 24 | 7.6% | 33.2% | ||
| Q2 24 | 12.4% | 35.7% | ||
| Q1 24 | 5.8% | 38.5% |
| Q4 25 | — | -10.9% | ||
| Q3 25 | -3.9% | -19.4% | ||
| Q2 25 | -7.1% | -30.5% | ||
| Q1 25 | -31.0% | -99.9% | ||
| Q4 24 | -21.5% | -36.6% | ||
| Q3 24 | -5.8% | -29.0% | ||
| Q2 24 | 2.1% | -14.3% | ||
| Q1 24 | -51.0% | -20.1% |
| Q4 25 | — | -8.9% | ||
| Q3 25 | -5.7% | -17.3% | ||
| Q2 25 | -7.9% | -28.3% | ||
| Q1 25 | -32.2% | -97.2% | ||
| Q4 24 | -22.9% | -32.3% | ||
| Q3 24 | -7.9% | -24.5% | ||
| Q2 24 | -0.3% | -9.5% | ||
| Q1 24 | -54.6% | -15.2% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $-0.11 | $-0.03 | ||
| Q2 25 | $-0.16 | $-0.06 | ||
| Q1 25 | $-0.35 | $-0.21 | ||
| Q4 24 | $-0.40 | $-0.06 | ||
| Q3 24 | $-0.20 | $-0.05 | ||
| Q2 24 | $-0.01 | $-0.02 | ||
| Q1 24 | $-0.37 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.5M |
| Total DebtLower is stronger | $4.7M | — |
| Stockholders' EquityBook value | $152.0M | $232.1M |
| Total Assets | $175.7M | $320.9M |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.5M | ||
| Q3 25 | — | $100.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $125.6M | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | $163.4M | ||
| Q2 24 | — | $187.4M | ||
| Q1 24 | — | $204.7M |
| 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 | — | $232.1M | ||
| Q3 25 | $152.0M | $234.4M | ||
| Q2 25 | $152.3M | $238.8M | ||
| Q1 25 | $152.8M | $250.7M | ||
| Q4 24 | $156.1M | $289.4M | ||
| Q3 24 | $164.3M | $305.1M | ||
| Q2 24 | $163.5M | $329.4M | ||
| Q1 24 | $164.3M | $333.1M |
| Q4 25 | — | $320.9M | ||
| Q3 25 | $175.7M | $335.8M | ||
| Q2 25 | $175.2M | $354.0M | ||
| Q1 25 | $175.2M | $366.1M | ||
| Q4 24 | $177.5M | $420.2M | ||
| Q3 24 | $190.0M | $448.6M | ||
| Q2 24 | $191.4M | $475.3M | ||
| Q1 24 | $177.5M | $485.5M |
| 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 | $7.7M |
| Free Cash FlowOCF − Capex | $1.5M | $7.7M |
| FCF MarginFCF / Revenue | 5.9% | 21.0% |
| Capex IntensityCapex / Revenue | 0.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.8M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $7.7M | ||
| Q3 25 | $1.5M | $-2.1M | ||
| Q2 25 | $1.4M | $-14.9M | ||
| Q1 25 | $-2.5M | $-12.2M | ||
| Q4 24 | $3.5M | $-12.0M | ||
| Q3 24 | $1.5M | $-3.7M | ||
| Q2 24 | $721.9K | $-13.9M | ||
| Q1 24 | $624.4K | $-3.3M |
| Q4 25 | — | $7.7M | ||
| Q3 25 | $1.5M | $-2.2M | ||
| Q2 25 | $1.3M | $-16.2M | ||
| Q1 25 | $-2.5M | $-14.3M | ||
| Q4 24 | $3.5M | $-13.3M | ||
| Q3 24 | $1.2M | $-3.9M | ||
| Q2 24 | $668.3K | $-14.1M | ||
| Q1 24 | $615.4K | $-3.4M |
| Q4 25 | — | 21.0% | ||
| Q3 25 | 5.9% | -6.1% | ||
| Q2 25 | 5.4% | -42.3% | ||
| Q1 25 | -22.8% | -34.7% | ||
| Q4 24 | 19.6% | -37.5% | ||
| Q3 24 | 4.9% | -9.7% | ||
| Q2 24 | 2.5% | -29.1% | ||
| Q1 24 | 9.0% | -6.7% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | 0.0% | 0.2% | ||
| Q2 25 | 0.1% | 3.3% | ||
| Q1 25 | 0.1% | 5.3% | ||
| Q4 24 | 0.1% | 3.5% | ||
| Q3 24 | 1.0% | 0.6% | ||
| Q2 24 | 0.2% | 0.5% | ||
| Q1 24 | 0.1% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ITP
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
