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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and TRUSTCO BANK CORP N Y (TRST). Click either name above to swap in a different company.

TRUSTCO BANK CORP N Y is the larger business by last-quarter revenue ($49.5M vs $25.6M, roughly 1.9× IT TECH PACKAGING, INC.). TRUSTCO BANK CORP N Y runs the higher net margin — 32.9% vs -5.7%, a 38.5% gap on every dollar of revenue. Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs 6.8%).

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.

TRUSTCO BANK CORP N Y is a regional U.S. financial holding company that provides a full suite of retail and commercial banking products and services, including personal deposit accounts, mortgage loans, small business financing, and wealth management solutions. It primarily operates across New York, Florida, and several other U.S. states, serving individual consumers and small business client segments.

ITP vs TRST — Head-to-Head

Bigger by revenue
TRST
TRST
1.9× larger
TRST
$49.5M
$25.6M
ITP
Higher net margin
TRST
TRST
38.5% more per $
TRST
32.9%
-5.7%
ITP
Faster 2-yr revenue CAGR
ITP
ITP
Annualised
ITP
10.5%
6.8%
TRST

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ITP
ITP
TRST
TRST
Revenue
$25.6M
$49.5M
Net Profit
$-1.4M
$16.3M
Gross Margin
7.9%
Operating Margin
-3.9%
Net Margin
-5.7%
32.9%
Revenue YoY
2.1%
Net Profit YoY
26.6%
14.1%
EPS (diluted)
$-0.11

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
TRST
TRST
Q1 26
$49.5M
Q4 25
$48.2M
Q3 25
$25.6M
$47.8M
Q2 25
$24.8M
$46.6M
Q1 25
$10.9M
$45.3M
Q4 24
$17.6M
$43.3M
Q3 24
$25.1M
$43.6M
Q2 24
$26.2M
$43.4M
Net Profit
ITP
ITP
TRST
TRST
Q1 26
$16.3M
Q4 25
$15.6M
Q3 25
$-1.4M
$16.3M
Q2 25
$-2.0M
$15.0M
Q1 25
$-3.5M
$14.3M
Q4 24
$-4.0M
$11.3M
Q3 24
$-2.0M
$12.9M
Q2 24
$-77.7K
$12.6M
Gross Margin
ITP
ITP
TRST
TRST
Q1 26
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%
Operating Margin
ITP
ITP
TRST
TRST
Q1 26
Q4 25
43.7%
Q3 25
-3.9%
44.6%
Q2 25
-7.1%
42.3%
Q1 25
-31.0%
41.3%
Q4 24
-21.5%
34.0%
Q3 24
-5.8%
38.8%
Q2 24
2.1%
37.9%
Net Margin
ITP
ITP
TRST
TRST
Q1 26
32.9%
Q4 25
32.3%
Q3 25
-5.7%
34.0%
Q2 25
-7.9%
32.3%
Q1 25
-32.2%
31.5%
Q4 24
-22.9%
26.0%
Q3 24
-7.9%
29.5%
Q2 24
-0.3%
28.9%
EPS (diluted)
ITP
ITP
TRST
TRST
Q1 26
Q4 25
$0.85
Q3 25
$-0.11
$0.86
Q2 25
$-0.16
$0.79
Q1 25
$-0.35
$0.75
Q4 24
$-0.40
$0.59
Q3 24
$-0.20
$0.68
Q2 24
$-0.01
$0.66

Balance Sheet & Financial Strength

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

Metric
ITP
ITP
TRST
TRST
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$4.7M
$112.9M
Stockholders' EquityBook value
$152.0M
$670.9M
Total Assets
$175.7M
$6.5B
Debt / EquityLower = less leverage
0.03×
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
TRST
TRST
Q1 26
Q4 25
$730.4M
Q3 25
$695.6M
Q2 25
$713.6M
Q1 25
$756.1M
Q4 24
$641.8M
Q3 24
$523.0M
Q2 24
$536.1M
Total Debt
ITP
ITP
TRST
TRST
Q1 26
$112.9M
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
Stockholders' Equity
ITP
ITP
TRST
TRST
Q1 26
$670.9M
Q4 25
$686.6M
Q3 25
$152.0M
$692.0M
Q2 25
$152.3M
$692.8M
Q1 25
$152.8M
$687.8M
Q4 24
$156.1M
$676.3M
Q3 24
$164.3M
$669.0M
Q2 24
$163.5M
$655.2M
Total Assets
ITP
ITP
TRST
TRST
Q1 26
$6.5B
Q4 25
$6.4B
Q3 25
$175.7M
$6.3B
Q2 25
$175.2M
$6.3B
Q1 25
$175.2M
$6.3B
Q4 24
$177.5M
$6.2B
Q3 24
$190.0M
$6.1B
Q2 24
$191.4M
$6.1B
Debt / Equity
ITP
ITP
TRST
TRST
Q1 26
0.17×
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×

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
TRST
TRST
Operating Cash FlowLast quarter
$1.5M
Free Cash FlowOCF − Capex
$1.5M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
0.0%
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
TRST
TRST
Q1 26
Q4 25
$57.6M
Q3 25
$1.5M
$12.8M
Q2 25
$1.4M
$27.1M
Q1 25
$-2.5M
$1.3M
Q4 24
$3.5M
$59.4M
Q3 24
$1.5M
$16.5M
Q2 24
$721.9K
$18.7M
Free Cash Flow
ITP
ITP
TRST
TRST
Q1 26
Q4 25
$45.7M
Q3 25
$1.5M
$10.0M
Q2 25
$1.3M
$24.9M
Q1 25
$-2.5M
$-3.3M
Q4 24
$3.5M
$54.6M
Q3 24
$1.2M
$15.6M
Q2 24
$668.3K
$17.6M
FCF Margin
ITP
ITP
TRST
TRST
Q1 26
Q4 25
95.0%
Q3 25
5.9%
20.9%
Q2 25
5.4%
53.5%
Q1 25
-22.8%
-7.2%
Q4 24
19.6%
126.0%
Q3 24
4.9%
35.7%
Q2 24
2.5%
40.5%
Capex Intensity
ITP
ITP
TRST
TRST
Q1 26
Q4 25
24.6%
Q3 25
0.0%
5.9%
Q2 25
0.1%
4.5%
Q1 25
0.1%
10.0%
Q4 24
0.1%
11.3%
Q3 24
1.0%
2.1%
Q2 24
0.2%
2.6%
Cash Conversion
ITP
ITP
TRST
TRST
Q1 26
Q4 25
3.70×
Q3 25
0.79×
Q2 25
1.80×
Q1 25
0.09×
Q4 24
5.27×
Q3 24
1.28×
Q2 24
1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ITP
ITP

Segment breakdown not available.

TRST
TRST

Net Interest Income$44.7M90%
Noninterest Income$4.8M10%

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