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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and Taoping Inc. (TAOP). 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 $17.6M, roughly 1.5× Taoping Inc.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -26.6%, a 20.9% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -2.6%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-2.8M).

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.

Taoping Inc. is a China-based technology firm providing smart cloud services, digital media solutions, and targeted internet advertising services. Its core segments cover smart city support, enterprise digital transformation tools, and offline new retail digital operations, serving mainly enterprise and public sector clients in the domestic market.

ITP vs TAOP — Head-to-Head

Bigger by revenue
ITP
ITP
1.5× larger
ITP
$25.6M
$17.6M
TAOP
Growing faster (revenue YoY)
ITP
ITP
+4.7% gap
ITP
2.1%
-2.6%
TAOP
Higher net margin
ITP
ITP
20.9% more per $
ITP
-5.7%
-26.6%
TAOP
More free cash flow
ITP
ITP
$4.3M more FCF
ITP
$1.5M
$-2.8M
TAOP

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
ITP
ITP
TAOP
TAOP
Revenue
$25.6M
$17.6M
Net Profit
$-1.4M
$-4.7M
Gross Margin
7.9%
10.1%
Operating Margin
-3.9%
-23.8%
Net Margin
-5.7%
-26.6%
Revenue YoY
2.1%
-2.6%
Net Profit YoY
26.6%
-894.8%
EPS (diluted)
$-0.11
$-6.54

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
TAOP
TAOP
Q3 25
$25.6M
Q2 25
$24.8M
$17.6M
Q1 25
$10.9M
Q4 24
$17.6M
$18.6M
Q3 24
$25.1M
Q2 24
$26.2M
$18.1M
Q1 24
$6.9M
Q4 23
$21.0M
Net Profit
ITP
ITP
TAOP
TAOP
Q3 25
$-1.4M
Q2 25
$-2.0M
$-4.7M
Q1 25
$-3.5M
Q4 24
$-4.0M
$-2.4M
Q3 24
$-2.0M
Q2 24
$-77.7K
$588.7K
Q1 24
$-3.7M
Q4 23
$-4.0M
Gross Margin
ITP
ITP
TAOP
TAOP
Q3 25
7.9%
Q2 25
5.1%
10.1%
Q1 25
0.8%
Q4 24
6.3%
19.5%
Q3 24
7.6%
Q2 24
12.4%
22.9%
Q1 24
5.8%
Q4 23
1.2%
Operating Margin
ITP
ITP
TAOP
TAOP
Q3 25
-3.9%
Q2 25
-7.1%
-23.8%
Q1 25
-31.0%
Q4 24
-21.5%
-8.0%
Q3 24
-5.8%
Q2 24
2.1%
-0.7%
Q1 24
-51.0%
Q4 23
-18.1%
Net Margin
ITP
ITP
TAOP
TAOP
Q3 25
-5.7%
Q2 25
-7.9%
-26.6%
Q1 25
-32.2%
Q4 24
-22.9%
-13.0%
Q3 24
-7.9%
Q2 24
-0.3%
3.3%
Q1 24
-54.6%
Q4 23
-19.0%
EPS (diluted)
ITP
ITP
TAOP
TAOP
Q3 25
$-0.11
Q2 25
$-0.16
$-6.54
Q1 25
$-0.35
Q4 24
$-0.40
$-3.58
Q3 24
$-0.20
Q2 24
$-0.01
$3.29
Q1 24
$-0.37
Q4 23
$-0.40

Balance Sheet & Financial Strength

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

Metric
ITP
ITP
TAOP
TAOP
Cash + ST InvestmentsLiquidity on hand
$2.2M
Total DebtLower is stronger
$4.7M
$5.8M
Stockholders' EquityBook value
$152.0M
$14.5M
Total Assets
$175.7M
$30.3M
Debt / EquityLower = less leverage
0.03×
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
TAOP
TAOP
Q3 25
Q2 25
$2.2M
Q1 25
Q4 24
$1.6M
Q3 24
Q2 24
$480.3K
Q1 24
Q4 23
Total Debt
ITP
ITP
TAOP
TAOP
Q3 25
$4.7M
Q2 25
$4.7M
$5.8M
Q1 25
$4.7M
Q4 24
$4.7M
$5.8M
Q3 24
$8.9M
Q2 24
$11.3M
Q1 24
$11.4M
Q4 23
$11.4M
Stockholders' Equity
ITP
ITP
TAOP
TAOP
Q3 25
$152.0M
Q2 25
$152.3M
$14.5M
Q1 25
$152.8M
Q4 24
$156.1M
$15.9M
Q3 24
$164.3M
Q2 24
$163.5M
$15.8M
Q1 24
$164.3M
Q4 23
$168.3M
Total Assets
ITP
ITP
TAOP
TAOP
Q3 25
$175.7M
Q2 25
$175.2M
$30.3M
Q1 25
$175.2M
Q4 24
$177.5M
$35.1M
Q3 24
$190.0M
Q2 24
$191.4M
$34.1M
Q1 24
$177.5M
Q4 23
$194.7M
Debt / Equity
ITP
ITP
TAOP
TAOP
Q3 25
0.03×
Q2 25
0.03×
0.40×
Q1 25
0.03×
Q4 24
0.03×
0.37×
Q3 24
0.05×
Q2 24
0.07×
Q1 24
0.07×
Q4 23
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
TAOP
TAOP
Operating Cash FlowLast quarter
$1.5M
$-1.5M
Free Cash FlowOCF − Capex
$1.5M
$-2.8M
FCF MarginFCF / Revenue
5.9%
-16.0%
Capex IntensityCapex / Revenue
0.0%
7.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ITP
ITP
TAOP
TAOP
Q3 25
$1.5M
Q2 25
$1.4M
$-1.5M
Q1 25
$-2.5M
Q4 24
$3.5M
$147.4K
Q3 24
$1.5M
Q2 24
$721.9K
$-2.5M
Q1 24
$624.4K
Q4 23
$5.4M
Free Cash Flow
ITP
ITP
TAOP
TAOP
Q3 25
$1.5M
Q2 25
$1.3M
$-2.8M
Q1 25
$-2.5M
Q4 24
$3.5M
$-129.3K
Q3 24
$1.2M
Q2 24
$668.3K
$-3.3M
Q1 24
$615.4K
Q4 23
$-7.7M
FCF Margin
ITP
ITP
TAOP
TAOP
Q3 25
5.9%
Q2 25
5.4%
-16.0%
Q1 25
-22.8%
Q4 24
19.6%
-0.7%
Q3 24
4.9%
Q2 24
2.5%
-18.3%
Q1 24
9.0%
Q4 23
-36.7%
Capex Intensity
ITP
ITP
TAOP
TAOP
Q3 25
0.0%
Q2 25
0.1%
7.6%
Q1 25
0.1%
Q4 24
0.1%
1.5%
Q3 24
1.0%
Q2 24
0.2%
4.3%
Q1 24
0.1%
Q4 23
62.4%
Cash Conversion
ITP
ITP
TAOP
TAOP
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-4.30×
Q1 24
Q4 23

Financial Flow Comparison

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

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