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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.

SYPRIS SOLUTIONS INC is the larger business by last-quarter revenue ($30.3M vs $25.6M, roughly 1.2× IT TECH PACKAGING, INC.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -12.9%, a 7.2% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -9.5%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-1.5M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -7.7%).

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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

ITP vs SYPR — Head-to-Head

Bigger by revenue
SYPR
SYPR
1.2× larger
SYPR
$30.3M
$25.6M
ITP
Growing faster (revenue YoY)
ITP
ITP
+11.5% gap
ITP
2.1%
-9.5%
SYPR
Higher net margin
ITP
ITP
7.2% more per $
ITP
-5.7%
-12.9%
SYPR
More free cash flow
ITP
ITP
$3.0M more FCF
ITP
$1.5M
$-1.5M
SYPR
Faster 2-yr revenue CAGR
ITP
ITP
Annualised
ITP
10.5%
-7.7%
SYPR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ITP
ITP
SYPR
SYPR
Revenue
$25.6M
$30.3M
Net Profit
$-1.4M
$-3.9M
Gross Margin
7.9%
4.6%
Operating Margin
-3.9%
-10.9%
Net Margin
-5.7%
-12.9%
Revenue YoY
2.1%
-9.5%
Net Profit YoY
26.6%
-2992.6%
EPS (diluted)
$-0.11
$-0.17

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
SYPR
SYPR
Q4 25
$30.3M
Q3 25
$25.6M
$28.7M
Q2 25
$24.8M
$31.4M
Q1 25
$10.9M
$29.5M
Q4 24
$17.6M
$33.4M
Q3 24
$25.1M
$35.7M
Q2 24
$26.2M
$35.5M
Q1 24
$6.9M
$35.6M
Net Profit
ITP
ITP
SYPR
SYPR
Q4 25
$-3.9M
Q3 25
$-1.4M
$517.0K
Q2 25
$-2.0M
$-2.1M
Q1 25
$-3.5M
$-899.0K
Q4 24
$-4.0M
$135.0K
Q3 24
$-2.0M
$390.0K
Q2 24
$-77.7K
$16.0K
Q1 24
$-3.7M
$-2.2M
Gross Margin
ITP
ITP
SYPR
SYPR
Q4 25
4.6%
Q3 25
7.9%
7.2%
Q2 25
5.1%
8.2%
Q1 25
0.8%
11.4%
Q4 24
6.3%
16.1%
Q3 24
7.6%
16.8%
Q2 24
12.4%
15.9%
Q1 24
5.8%
8.1%
Operating Margin
ITP
ITP
SYPR
SYPR
Q4 25
-10.9%
Q3 25
-3.9%
-6.1%
Q2 25
-7.1%
-4.6%
Q1 25
-31.0%
-0.4%
Q4 24
-21.5%
3.9%
Q3 24
-5.8%
4.8%
Q2 24
2.1%
3.6%
Q1 24
-51.0%
-3.9%
Net Margin
ITP
ITP
SYPR
SYPR
Q4 25
-12.9%
Q3 25
-5.7%
1.8%
Q2 25
-7.9%
-6.5%
Q1 25
-32.2%
-3.0%
Q4 24
-22.9%
0.4%
Q3 24
-7.9%
1.1%
Q2 24
-0.3%
0.0%
Q1 24
-54.6%
-6.2%
EPS (diluted)
ITP
ITP
SYPR
SYPR
Q4 25
$-0.17
Q3 25
$-0.11
$0.02
Q2 25
$-0.16
$-0.09
Q1 25
$-0.35
$-0.04
Q4 24
$-0.40
$0.00
Q3 24
$-0.20
$0.02
Q2 24
$-0.01
$0.00
Q1 24
$-0.37
$-0.10

Balance Sheet & Financial Strength

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

Metric
ITP
ITP
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$152.0M
$17.8M
Total Assets
$175.7M
$107.8M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Total Debt
ITP
ITP
SYPR
SYPR
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
Stockholders' Equity
ITP
ITP
SYPR
SYPR
Q4 25
$17.8M
Q3 25
$152.0M
$20.0M
Q2 25
$152.3M
$18.7M
Q1 25
$152.8M
$19.0M
Q4 24
$156.1M
$19.6M
Q3 24
$164.3M
$18.2M
Q2 24
$163.5M
$19.0M
Q1 24
$164.3M
$20.8M
Total Assets
ITP
ITP
SYPR
SYPR
Q4 25
$107.8M
Q3 25
$175.7M
$112.5M
Q2 25
$175.2M
$105.8M
Q1 25
$175.2M
$110.2M
Q4 24
$177.5M
$119.4M
Q3 24
$190.0M
$121.6M
Q2 24
$191.4M
$124.2M
Q1 24
$177.5M
$129.0M
Debt / Equity
ITP
ITP
SYPR
SYPR
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
ITP
ITP
SYPR
SYPR
Operating Cash FlowLast quarter
$1.5M
$-1.1M
Free Cash FlowOCF − Capex
$1.5M
$-1.5M
FCF MarginFCF / Revenue
5.9%
-5.0%
Capex IntensityCapex / Revenue
0.0%
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.8M
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ITP
ITP
SYPR
SYPR
Q4 25
$-1.1M
Q3 25
$1.5M
$-178.0K
Q2 25
$1.4M
$1.1M
Q1 25
$-2.5M
$-5.5M
Q4 24
$3.5M
$2.3M
Q3 24
$1.5M
$-4.8M
Q2 24
$721.9K
$6.2M
Q1 24
$624.4K
$-1.7M
Free Cash Flow
ITP
ITP
SYPR
SYPR
Q4 25
$-1.5M
Q3 25
$1.5M
$-390.0K
Q2 25
$1.3M
$941.0K
Q1 25
$-2.5M
$-5.5M
Q4 24
$3.5M
$1.9M
Q3 24
$1.2M
$-4.9M
Q2 24
$668.3K
$6.0M
Q1 24
$615.4K
$-2.0M
FCF Margin
ITP
ITP
SYPR
SYPR
Q4 25
-5.0%
Q3 25
5.9%
-1.4%
Q2 25
5.4%
3.0%
Q1 25
-22.8%
-18.8%
Q4 24
19.6%
5.7%
Q3 24
4.9%
-13.8%
Q2 24
2.5%
16.8%
Q1 24
9.0%
-5.7%
Capex Intensity
ITP
ITP
SYPR
SYPR
Q4 25
1.3%
Q3 25
0.0%
0.7%
Q2 25
0.1%
0.5%
Q1 25
0.1%
0.0%
Q4 24
0.1%
1.2%
Q3 24
1.0%
0.4%
Q2 24
0.2%
0.5%
Q1 24
0.1%
0.9%
Cash Conversion
ITP
ITP
SYPR
SYPR
Q4 25
Q3 25
-0.34×
Q2 25
Q1 25
Q4 24
17.13×
Q3 24
-12.21×
Q2 24
385.25×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ITP
ITP

Segment breakdown not available.

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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