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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
SolarMax Technology, Inc. is the larger business by last-quarter revenue ($46.6M vs $25.6M, roughly 1.8× IT TECH PACKAGING, INC.). SolarMax Technology, Inc. runs the higher net margin — -1.9% vs -5.7%, a 3.8% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 2.1%).
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.
SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.
ITP vs SMXT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $46.6M |
| Net Profit | $-1.4M | $-872.2K |
| Gross Margin | 7.9% | 2.7% |
| Operating Margin | -3.9% | -2.7% |
| Net Margin | -5.7% | -1.9% |
| Revenue YoY | 2.1% | 623.5% |
| Net Profit YoY | 26.6% | 77.7% |
| 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 | — | $46.6M | ||
| Q3 25 | $25.6M | $30.6M | ||
| Q2 25 | $24.8M | $6.9M | ||
| Q1 25 | $10.9M | $6.9M | ||
| Q4 24 | $17.6M | $6.4M | ||
| Q3 24 | $25.1M | $6.3M | ||
| Q2 24 | $26.2M | — | ||
| Q1 24 | $6.9M | — |
| Q4 25 | — | $-872.2K | ||
| Q3 25 | $-1.4M | $-2.3M | ||
| Q2 25 | $-2.0M | $-1.9M | ||
| Q1 25 | $-3.5M | $-1.3M | ||
| Q4 24 | $-4.0M | $-3.9M | ||
| Q3 24 | $-2.0M | $-9.6M | ||
| Q2 24 | $-77.7K | — | ||
| Q1 24 | $-3.7M | — |
| Q4 25 | — | 2.7% | ||
| Q3 25 | 7.9% | 3.1% | ||
| Q2 25 | 5.1% | 8.8% | ||
| Q1 25 | 0.8% | 20.5% | ||
| Q4 24 | 6.3% | 14.5% | ||
| Q3 24 | 7.6% | 19.9% | ||
| Q2 24 | 12.4% | — | ||
| Q1 24 | 5.8% | — |
| Q4 25 | — | -2.7% | ||
| Q3 25 | -3.9% | -6.9% | ||
| Q2 25 | -7.1% | -25.7% | ||
| Q1 25 | -31.0% | -16.7% | ||
| Q4 24 | -21.5% | -27.9% | ||
| Q3 24 | -5.8% | -158.4% | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -51.0% | — |
| Q4 25 | — | -1.9% | ||
| Q3 25 | -5.7% | -7.4% | ||
| Q2 25 | -7.9% | -27.6% | ||
| Q1 25 | -32.2% | -18.7% | ||
| Q4 24 | -22.9% | -60.6% | ||
| Q3 24 | -7.9% | -152.0% | ||
| Q2 24 | -0.3% | — | ||
| Q1 24 | -54.6% | — |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $-0.11 | $-0.04 | ||
| Q2 25 | $-0.16 | $-0.04 | ||
| Q1 25 | $-0.35 | $-0.03 | ||
| Q4 24 | $-0.40 | $-0.07 | ||
| Q3 24 | $-0.20 | $-0.21 | ||
| 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 | — | $8.0M |
| Total DebtLower is stronger | $4.7M | — |
| Stockholders' EquityBook value | $152.0M | $-12.2M |
| Total Assets | $175.7M | $91.3M |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $5.7M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $6.8M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $8.6M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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 | — | $-12.2M | ||
| Q3 25 | $152.0M | $-11.8M | ||
| Q2 25 | $152.3M | $-15.1M | ||
| Q1 25 | $152.8M | $-15.9M | ||
| Q4 24 | $156.1M | $-15.1M | ||
| Q3 24 | $164.3M | $-10.9M | ||
| Q2 24 | $163.5M | — | ||
| Q1 24 | $164.3M | — |
| Q4 25 | — | $91.3M | ||
| Q3 25 | $175.7M | $58.7M | ||
| Q2 25 | $175.2M | $38.2M | ||
| Q1 25 | $175.2M | $38.6M | ||
| Q4 24 | $177.5M | $38.6M | ||
| Q3 24 | $190.0M | $43.0M | ||
| Q2 24 | $191.4M | — | ||
| Q1 24 | $177.5M | — |
| 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 | $-2.5M |
| 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.
| Q4 25 | — | $-2.5M | ||
| Q3 25 | $1.5M | $3.4M | ||
| Q2 25 | $1.4M | $220.7K | ||
| Q1 25 | $-2.5M | $-601.1K | ||
| Q4 24 | $3.5M | $-1.3M | ||
| Q3 24 | $1.5M | $203.6K | ||
| Q2 24 | $721.9K | — | ||
| Q1 24 | $624.4K | — |
| Q4 25 | — | — | ||
| 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 25 | — | — | ||
| 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 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 1.0% | 0.0% | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.1% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ITP
Segment breakdown not available.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
