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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and Spire Global, Inc. (SPIR). 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 $15.8M, roughly 1.6× Spire Global, Inc.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -176.6%, a 171.0% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -26.9%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-16.2M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
ITP vs SPIR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $15.8M |
| Net Profit | $-1.4M | $-28.0M |
| Gross Margin | 7.9% | 40.2% |
| Operating Margin | -3.9% | -164.1% |
| Net Margin | -5.7% | -176.6% |
| Revenue YoY | 2.1% | -26.9% |
| Net Profit YoY | 26.6% | 42.7% |
| EPS (diluted) | $-0.11 | $-0.85 |
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 | — | $15.8M | ||
| Q3 25 | $25.6M | $12.7M | ||
| Q2 25 | $24.8M | $19.2M | ||
| Q1 25 | $10.9M | $23.9M | ||
| Q4 24 | $17.6M | $21.7M | ||
| Q3 24 | $25.1M | $28.6M | ||
| Q2 24 | $26.2M | $25.4M | ||
| Q1 24 | $6.9M | $34.8M |
| Q4 25 | — | $-28.0M | ||
| Q3 25 | $-1.4M | $-19.7M | ||
| Q2 25 | $-2.0M | $119.6M | ||
| Q1 25 | $-3.5M | $-20.7M | ||
| Q4 24 | $-4.0M | $-48.8M | ||
| Q3 24 | $-2.0M | $-12.5M | ||
| Q2 24 | $-77.7K | $-16.6M | ||
| Q1 24 | $-3.7M | $-25.5M |
| Q4 25 | — | 40.2% | ||
| Q3 25 | 7.9% | 36.6% | ||
| Q2 25 | 5.1% | 48.9% | ||
| Q1 25 | 0.8% | 36.8% | ||
| Q4 24 | 6.3% | 32.4% | ||
| Q3 24 | 7.6% | 44.5% | ||
| Q2 24 | 12.4% | 43.0% | ||
| Q1 24 | 5.8% | 26.5% |
| Q4 25 | — | -164.1% | ||
| Q3 25 | -3.9% | -166.1% | ||
| Q2 25 | -7.1% | -122.7% | ||
| Q1 25 | -31.0% | -106.5% | ||
| Q4 24 | -21.5% | -144.1% | ||
| Q3 24 | -5.8% | -48.0% | ||
| Q2 24 | 2.1% | -48.6% | ||
| Q1 24 | -51.0% | -34.4% |
| Q4 25 | — | -176.6% | ||
| Q3 25 | -5.7% | -155.3% | ||
| Q2 25 | -7.9% | 623.4% | ||
| Q1 25 | -32.2% | -86.5% | ||
| Q4 24 | -22.9% | -225.2% | ||
| Q3 24 | -7.9% | -43.7% | ||
| Q2 24 | -0.3% | -65.2% | ||
| Q1 24 | -54.6% | -73.3% |
| Q4 25 | — | $-0.85 | ||
| Q3 25 | $-0.11 | $-0.61 | ||
| Q2 25 | $-0.16 | $3.72 | ||
| Q1 25 | $-0.35 | $-0.77 | ||
| Q4 24 | $-0.40 | $-1.93 | ||
| Q3 24 | $-0.20 | $-0.50 | ||
| Q2 24 | $-0.01 | $-0.68 | ||
| Q1 24 | $-0.37 | $-1.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $81.8M |
| Total DebtLower is stronger | $4.7M | — |
| Stockholders' EquityBook value | $152.0M | $112.9M |
| Total Assets | $175.7M | $211.0M |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $81.8M | ||
| Q3 25 | — | $96.8M | ||
| Q2 25 | — | $117.6M | ||
| Q1 25 | — | $35.9M | ||
| Q4 24 | — | $19.2M | ||
| Q3 24 | — | $36.6M | ||
| Q2 24 | — | $45.8M | ||
| Q1 24 | — | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | $4.7M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $4.7M | $103.7M | ||
| Q4 24 | $4.7M | $103.1M | ||
| Q3 24 | $8.9M | $4.9M | ||
| Q2 24 | $11.3M | $4.9M | ||
| Q1 24 | $11.4M | $123.1M |
| Q4 25 | — | $112.9M | ||
| Q3 25 | $152.0M | $133.1M | ||
| Q2 25 | $152.3M | $149.2M | ||
| Q1 25 | $152.8M | $3.7M | ||
| Q4 24 | $156.1M | $-11.7M | ||
| Q3 24 | $164.3M | $30.8M | ||
| Q2 24 | $163.5M | $40.3M | ||
| Q1 24 | $164.3M | $52.5M |
| Q4 25 | — | $211.0M | ||
| Q3 25 | $175.7M | $224.3M | ||
| Q2 25 | $175.2M | $239.5M | ||
| Q1 25 | $175.2M | $208.8M | ||
| Q4 24 | $177.5M | $193.6M | ||
| Q3 24 | $190.0M | $224.2M | ||
| Q2 24 | $191.4M | $230.8M | ||
| Q1 24 | $177.5M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.03× | 27.92× | ||
| Q4 24 | 0.03× | — | ||
| Q3 24 | 0.05× | 0.16× | ||
| Q2 24 | 0.07× | 0.12× | ||
| Q1 24 | 0.07× | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | $1.5M | $-16.2M |
| FCF MarginFCF / Revenue | 5.9% | -102.1% |
| Capex IntensityCapex / Revenue | 0.0% | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.8M | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-4.3M | ||
| Q3 25 | $1.5M | $-12.0M | ||
| Q2 25 | $1.4M | $-35.1M | ||
| Q1 25 | $-2.5M | $-8.4M | ||
| Q4 24 | $3.5M | $-19.2M | ||
| Q3 24 | $1.5M | $14.0M | ||
| Q2 24 | $721.9K | $-4.4M | ||
| Q1 24 | $624.4K | $-8.8M |
| Q4 25 | — | $-16.2M | ||
| Q3 25 | $1.5M | $-20.4M | ||
| Q2 25 | $1.3M | $-38.7M | ||
| Q1 25 | $-2.5M | $-17.3M | ||
| Q4 24 | $3.5M | $-24.3M | ||
| Q3 24 | $1.2M | $5.1M | ||
| Q2 24 | $668.3K | $-9.9M | ||
| Q1 24 | $615.4K | $-15.9M |
| Q4 25 | — | -102.1% | ||
| Q3 25 | 5.9% | -161.3% | ||
| Q2 25 | 5.4% | -201.7% | ||
| Q1 25 | -22.8% | -72.6% | ||
| Q4 24 | 19.6% | -112.2% | ||
| Q3 24 | 4.9% | 17.8% | ||
| Q2 24 | 2.5% | -39.0% | ||
| Q1 24 | 9.0% | -45.7% |
| Q4 25 | — | 75.1% | ||
| Q3 25 | 0.0% | 66.2% | ||
| Q2 25 | 0.1% | 18.8% | ||
| Q1 25 | 0.1% | 37.3% | ||
| Q4 24 | 0.1% | 23.5% | ||
| Q3 24 | 1.0% | 31.2% | ||
| Q2 24 | 0.2% | 21.8% | ||
| Q1 24 | 0.1% | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
