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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $25.6M, roughly 1.6× IT TECH PACKAGING, INC.). Strawberry Fields REIT, Inc. runs the higher net margin — 5.0% vs -5.7%, a 10.7% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs 2.1%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% CAGR vs 10.5%).

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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

ITP vs STRW — Head-to-Head

Bigger by revenue
STRW
STRW
1.6× larger
STRW
$40.1M
$25.6M
ITP
Growing faster (revenue YoY)
STRW
STRW
+29.4% gap
STRW
31.5%
2.1%
ITP
Higher net margin
STRW
STRW
10.7% more per $
STRW
5.0%
-5.7%
ITP
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
10.5%
ITP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ITP
ITP
STRW
STRW
Revenue
$25.6M
$40.1M
Net Profit
$-1.4M
$2.0M
Gross Margin
7.9%
Operating Margin
-3.9%
52.4%
Net Margin
-5.7%
5.0%
Revenue YoY
2.1%
31.5%
Net Profit YoY
26.6%
37.6%
EPS (diluted)
$-0.11
$0.15

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.

Revenue
ITP
ITP
STRW
STRW
Q4 25
$40.1M
Q3 25
$25.6M
$39.7M
Q2 25
$24.8M
$37.9M
Q1 25
$10.9M
$37.3M
Q4 24
$17.6M
$30.5M
Q3 24
$25.1M
$29.5M
Q2 24
$26.2M
$29.3M
Q1 24
$6.9M
$27.8M
Net Profit
ITP
ITP
STRW
STRW
Q4 25
$2.0M
Q3 25
$-1.4M
$2.0M
Q2 25
$-2.0M
$2.0M
Q1 25
$-3.5M
$1.6M
Q4 24
$-4.0M
$1.5M
Q3 24
$-2.0M
$944.0K
Q2 24
$-77.7K
$938.0K
Q1 24
$-3.7M
$746.0K
Gross Margin
ITP
ITP
STRW
STRW
Q4 25
Q3 25
7.9%
Q2 25
5.1%
Q1 25
0.8%
Q4 24
6.3%
Q3 24
7.6%
Q2 24
12.4%
Q1 24
5.8%
Operating Margin
ITP
ITP
STRW
STRW
Q4 25
52.4%
Q3 25
-3.9%
56.6%
Q2 25
-7.1%
54.5%
Q1 25
-31.0%
54.1%
Q4 24
-21.5%
51.5%
Q3 24
-5.8%
54.4%
Q2 24
2.1%
52.3%
Q1 24
-51.0%
51.3%
Net Margin
ITP
ITP
STRW
STRW
Q4 25
5.0%
Q3 25
-5.7%
5.1%
Q2 25
-7.9%
5.2%
Q1 25
-32.2%
4.2%
Q4 24
-22.9%
4.8%
Q3 24
-7.9%
3.2%
Q2 24
-0.3%
3.2%
Q1 24
-54.6%
2.7%
EPS (diluted)
ITP
ITP
STRW
STRW
Q4 25
$0.15
Q3 25
$-0.11
$0.16
Q2 25
$-0.16
$0.16
Q1 25
$-0.35
$0.13
Q4 24
$-0.40
$0.17
Q3 24
$-0.20
$0.14
Q2 24
$-0.01
$0.14
Q1 24
$-0.37
$0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ITP
ITP
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$31.8M
Total DebtLower is stronger
$4.7M
$794.7M
Stockholders' EquityBook value
$152.0M
$12.1M
Total Assets
$175.7M
$885.2M
Debt / EquityLower = less leverage
0.03×
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
STRW
STRW
Q4 25
$31.8M
Q3 25
$19.8M
Q2 25
$96.3M
Q1 25
$42.3M
Q4 24
$48.4M
Q3 24
$29.3M
Q2 24
$16.1M
Q1 24
$15.1M
Total Debt
ITP
ITP
STRW
STRW
Q4 25
$794.7M
Q3 25
$4.7M
$779.4M
Q2 25
$4.7M
$794.1M
Q1 25
$4.7M
$715.5M
Q4 24
$4.7M
$673.9M
Q3 24
$8.9M
$584.5M
Q2 24
$11.3M
$555.0M
Q1 24
$11.4M
$560.4M
Stockholders' Equity
ITP
ITP
STRW
STRW
Q4 25
$12.1M
Q3 25
$152.0M
$14.2M
Q2 25
$152.3M
$15.5M
Q1 25
$152.8M
$19.6M
Q4 24
$156.1M
$18.2M
Q3 24
$164.3M
$12.6M
Q2 24
$163.5M
$7.4M
Q1 24
$164.3M
$7.5M
Total Assets
ITP
ITP
STRW
STRW
Q4 25
$885.2M
Q3 25
$175.7M
$880.6M
Q2 25
$175.2M
$897.3M
Q1 25
$175.2M
$834.8M
Q4 24
$177.5M
$787.6M
Q3 24
$190.0M
$661.5M
Q2 24
$191.4M
$635.9M
Q1 24
$177.5M
$634.9M
Debt / Equity
ITP
ITP
STRW
STRW
Q4 25
65.64×
Q3 25
0.03×
54.70×
Q2 25
0.03×
51.26×
Q1 25
0.03×
36.47×
Q4 24
0.03×
37.09×
Q3 24
0.05×
46.34×
Q2 24
0.07×
74.61×
Q1 24
0.07×
74.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ITP
ITP
STRW
STRW
Operating Cash FlowLast quarter
$1.5M
$90.0M
Free Cash FlowOCF − Capex
$1.5M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters
$3.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ITP
ITP
STRW
STRW
Q4 25
$90.0M
Q3 25
$1.5M
$20.7M
Q2 25
$1.4M
$29.8M
Q1 25
$-2.5M
$19.0M
Q4 24
$3.5M
$59.3M
Q3 24
$1.5M
$11.8M
Q2 24
$721.9K
$20.6M
Q1 24
$624.4K
$2.1M
Free Cash Flow
ITP
ITP
STRW
STRW
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
FCF Margin
ITP
ITP
STRW
STRW
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%
Capex Intensity
ITP
ITP
STRW
STRW
Q4 25
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
1.0%
Q2 24
0.2%
Q1 24
0.1%
Cash Conversion
ITP
ITP
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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