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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $25.6M, roughly 1.3× IT TECH PACKAGING, INC.). Spok Holdings, Inc runs the higher net margin — 8.7% vs -5.7%, a 14.3% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $1.5M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
ITP vs SPOK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $33.9M |
| Net Profit | $-1.4M | $2.9M |
| Gross Margin | 7.9% | 76.7% |
| Operating Margin | -3.9% | 11.6% |
| Net Margin | -5.7% | 8.7% |
| Revenue YoY | 2.1% | -0.1% |
| Net Profit YoY | 26.6% | -19.6% |
| EPS (diluted) | $-0.11 | $0.13 |
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 | — | $33.9M | ||
| Q3 25 | $25.6M | $33.9M | ||
| Q2 25 | $24.8M | $35.7M | ||
| Q1 25 | $10.9M | $36.3M | ||
| Q4 24 | $17.6M | $33.9M | ||
| Q3 24 | $25.1M | $34.9M | ||
| Q2 24 | $26.2M | $34.0M | ||
| Q1 24 | $6.9M | $34.9M |
| Q4 25 | — | $2.9M | ||
| Q3 25 | $-1.4M | $3.2M | ||
| Q2 25 | $-2.0M | $4.6M | ||
| Q1 25 | $-3.5M | $5.2M | ||
| Q4 24 | $-4.0M | $3.6M | ||
| Q3 24 | $-2.0M | $3.7M | ||
| Q2 24 | $-77.7K | $3.4M | ||
| Q1 24 | $-3.7M | $4.2M |
| Q4 25 | — | 76.7% | ||
| Q3 25 | 7.9% | 78.3% | ||
| Q2 25 | 5.1% | 79.5% | ||
| Q1 25 | 0.8% | 80.1% | ||
| Q4 24 | 6.3% | 78.5% | ||
| Q3 24 | 7.6% | 79.5% | ||
| Q2 24 | 12.4% | 78.9% | ||
| Q1 24 | 5.8% | 79.5% |
| Q4 25 | — | 11.6% | ||
| Q3 25 | -3.9% | 12.9% | ||
| Q2 25 | -7.1% | 15.1% | ||
| Q1 25 | -31.0% | 16.6% | ||
| Q4 24 | -21.5% | 13.7% | ||
| Q3 24 | -5.8% | 14.2% | ||
| Q2 24 | 2.1% | 13.2% | ||
| Q1 24 | -51.0% | 14.0% |
| Q4 25 | — | 8.7% | ||
| Q3 25 | -5.7% | 9.5% | ||
| Q2 25 | -7.9% | 12.8% | ||
| Q1 25 | -32.2% | 14.3% | ||
| Q4 24 | -22.9% | 10.8% | ||
| Q3 24 | -7.9% | 10.5% | ||
| Q2 24 | -0.3% | 10.1% | ||
| Q1 24 | -54.6% | 12.1% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | $-0.11 | $0.15 | ||
| Q2 25 | $-0.16 | $0.22 | ||
| Q1 25 | $-0.35 | $0.25 | ||
| Q4 24 | $-0.40 | $0.17 | ||
| Q3 24 | $-0.20 | $0.18 | ||
| Q2 24 | $-0.01 | $0.17 | ||
| Q1 24 | $-0.37 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $25.3M |
| Total DebtLower is stronger | $4.7M | — |
| Stockholders' EquityBook value | $152.0M | $146.4M |
| Total Assets | $175.7M | $206.1M |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $25.3M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $20.2M | ||
| Q1 25 | — | $19.9M | ||
| Q4 24 | — | $29.1M | ||
| Q3 24 | — | $27.8M | ||
| Q2 24 | — | $23.9M | ||
| Q1 24 | — | $23.3M |
| 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 | — | $146.4M | ||
| Q3 25 | $152.0M | $148.7M | ||
| Q2 25 | $152.3M | $150.9M | ||
| Q1 25 | $152.8M | $151.7M | ||
| Q4 24 | $156.1M | $154.7M | ||
| Q3 24 | $164.3M | $156.3M | ||
| Q2 24 | $163.5M | $158.2M | ||
| Q1 24 | $164.3M | $160.2M |
| Q4 25 | — | $206.1M | ||
| Q3 25 | $175.7M | $209.7M | ||
| Q2 25 | $175.2M | $208.7M | ||
| Q1 25 | $175.2M | $204.5M | ||
| Q4 24 | $177.5M | $217.1M | ||
| Q3 24 | $190.0M | $216.8M | ||
| Q2 24 | $191.4M | $216.4M | ||
| Q1 24 | $177.5M | $215.0M |
| 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 | $11.5M |
| Free Cash FlowOCF − Capex | $1.5M | $10.1M |
| FCF MarginFCF / Revenue | 5.9% | 29.9% |
| Capex IntensityCapex / Revenue | 0.0% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $3.8M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $11.5M | ||
| Q3 25 | $1.5M | $8.1M | ||
| Q2 25 | $1.4M | $7.0M | ||
| Q1 25 | $-2.5M | $2.3M | ||
| Q4 24 | $3.5M | $8.4M | ||
| Q3 24 | $1.5M | $11.1M | ||
| Q2 24 | $721.9K | $7.4M | ||
| Q1 24 | $624.4K | $2.0M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | $1.5M | $7.6M | ||
| Q2 25 | $1.3M | $6.0M | ||
| Q1 25 | $-2.5M | $1.5M | ||
| Q4 24 | $3.5M | $7.5M | ||
| Q3 24 | $1.2M | $10.3M | ||
| Q2 24 | $668.3K | $6.8M | ||
| Q1 24 | $615.4K | $1.1M |
| Q4 25 | — | 29.9% | ||
| Q3 25 | 5.9% | 22.4% | ||
| Q2 25 | 5.4% | 16.8% | ||
| Q1 25 | -22.8% | 4.2% | ||
| Q4 24 | 19.6% | 22.3% | ||
| Q3 24 | 4.9% | 29.4% | ||
| Q2 24 | 2.5% | 20.0% | ||
| Q1 24 | 9.0% | 3.2% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | 0.0% | 1.6% | ||
| Q2 25 | 0.1% | 2.9% | ||
| Q1 25 | 0.1% | 2.1% | ||
| Q4 24 | 0.1% | 2.5% | ||
| Q3 24 | 1.0% | 2.4% | ||
| Q2 24 | 0.2% | 1.9% | ||
| Q1 24 | 0.1% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ITP
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
