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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and Valens Semiconductor Ltd. (VLN). 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 $17.3M, roughly 1.5× Valens Semiconductor Ltd.). IT TECH PACKAGING, INC. runs the higher net margin — -5.7% vs -42.2%, a 36.6% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% vs 2.1%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-4.9M).

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.

Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...

ITP vs VLN — Head-to-Head

Bigger by revenue
ITP
ITP
1.5× larger
ITP
$25.6M
$17.3M
VLN
Growing faster (revenue YoY)
VLN
VLN
+6.0% gap
VLN
8.1%
2.1%
ITP
Higher net margin
ITP
ITP
36.6% more per $
ITP
-5.7%
-42.2%
VLN
More free cash flow
ITP
ITP
$6.4M more FCF
ITP
$1.5M
$-4.9M
VLN

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ITP
ITP
VLN
VLN
Revenue
$25.6M
$17.3M
Net Profit
$-1.4M
$-7.3M
Gross Margin
7.9%
63.0%
Operating Margin
-3.9%
-46.4%
Net Margin
-5.7%
-42.2%
Revenue YoY
2.1%
8.1%
Net Profit YoY
26.6%
29.3%
EPS (diluted)
$-0.11
$-0.07

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
VLN
VLN
Q3 25
$25.6M
$17.3M
Q2 25
$24.8M
$17.1M
Q1 25
$10.9M
$16.8M
Q4 24
$17.6M
Q3 24
$25.1M
$16.0M
Q2 24
$26.2M
$13.6M
Q1 24
$6.9M
Q4 23
$21.0M
Net Profit
ITP
ITP
VLN
VLN
Q3 25
$-1.4M
$-7.3M
Q2 25
$-2.0M
$-7.2M
Q1 25
$-3.5M
$-8.3M
Q4 24
$-4.0M
Q3 24
$-2.0M
$-10.4M
Q2 24
$-77.7K
$-8.9M
Q1 24
$-3.7M
Q4 23
$-4.0M
Gross Margin
ITP
ITP
VLN
VLN
Q3 25
7.9%
63.0%
Q2 25
5.1%
63.5%
Q1 25
0.8%
62.9%
Q4 24
6.3%
Q3 24
7.6%
56.4%
Q2 24
12.4%
61.4%
Q1 24
5.8%
Q4 23
1.2%
Operating Margin
ITP
ITP
VLN
VLN
Q3 25
-3.9%
-46.4%
Q2 25
-7.1%
-43.3%
Q1 25
-31.0%
-56.2%
Q4 24
-21.5%
Q3 24
-5.8%
-76.3%
Q2 24
2.1%
-69.2%
Q1 24
-51.0%
Q4 23
-18.1%
Net Margin
ITP
ITP
VLN
VLN
Q3 25
-5.7%
-42.2%
Q2 25
-7.9%
-42.1%
Q1 25
-32.2%
-49.4%
Q4 24
-22.9%
Q3 24
-7.9%
-64.6%
Q2 24
-0.3%
-65.2%
Q1 24
-54.6%
Q4 23
-19.0%
EPS (diluted)
ITP
ITP
VLN
VLN
Q3 25
$-0.11
$-0.07
Q2 25
$-0.16
$-0.07
Q1 25
$-0.35
$-0.08
Q4 24
$-0.40
Q3 24
$-0.20
$-0.10
Q2 24
$-0.01
$-0.08
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
VLN
VLN
Cash + ST InvestmentsLiquidity on hand
$93.5M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$152.0M
$108.8M
Total Assets
$175.7M
$136.7M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
VLN
VLN
Q3 25
$93.5M
Q2 25
$102.7M
Q1 25
$112.5M
Q4 24
Q3 24
$133.1M
Q2 24
$105.9M
Q1 24
Q4 23
Total Debt
ITP
ITP
VLN
VLN
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 23
$11.4M
Stockholders' Equity
ITP
ITP
VLN
VLN
Q3 25
$152.0M
$108.8M
Q2 25
$152.3M
$116.5M
Q1 25
$152.8M
$128.6M
Q4 24
$156.1M
Q3 24
$164.3M
$147.0M
Q2 24
$163.5M
$153.5M
Q1 24
$164.3M
Q4 23
$168.3M
Total Assets
ITP
ITP
VLN
VLN
Q3 25
$175.7M
$136.7M
Q2 25
$175.2M
$144.8M
Q1 25
$175.2M
$154.6M
Q4 24
$177.5M
Q3 24
$190.0M
$171.9M
Q2 24
$191.4M
$175.8M
Q1 24
$177.5M
Q4 23
$194.7M
Debt / Equity
ITP
ITP
VLN
VLN
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×
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
VLN
VLN
Operating Cash FlowLast quarter
$1.5M
$-4.7M
Free Cash FlowOCF − Capex
$1.5M
$-4.9M
FCF MarginFCF / Revenue
5.9%
-28.5%
Capex IntensityCapex / Revenue
0.0%
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.8M
$-11.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ITP
ITP
VLN
VLN
Q3 25
$1.5M
$-4.7M
Q2 25
$1.4M
$-211.0K
Q1 25
$-2.5M
$-7.6M
Q4 24
$3.5M
Q3 24
$1.5M
$3.0M
Q2 24
$721.9K
$-225.0K
Q1 24
$624.4K
Q4 23
$5.4M
Free Cash Flow
ITP
ITP
VLN
VLN
Q3 25
$1.5M
$-4.9M
Q2 25
$1.3M
$-330.0K
Q1 25
$-2.5M
$-8.0M
Q4 24
$3.5M
Q3 24
$1.2M
$2.2M
Q2 24
$668.3K
$-460.0K
Q1 24
$615.4K
Q4 23
$-7.7M
FCF Margin
ITP
ITP
VLN
VLN
Q3 25
5.9%
-28.5%
Q2 25
5.4%
-1.9%
Q1 25
-22.8%
-47.3%
Q4 24
19.6%
Q3 24
4.9%
14.0%
Q2 24
2.5%
-3.4%
Q1 24
9.0%
Q4 23
-36.7%
Capex Intensity
ITP
ITP
VLN
VLN
Q3 25
0.0%
1.6%
Q2 25
0.1%
0.7%
Q1 25
0.1%
2.1%
Q4 24
0.1%
Q3 24
1.0%
4.5%
Q2 24
0.2%
1.7%
Q1 24
0.1%
Q4 23
62.4%

Financial Flow Comparison

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

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