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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and Whitestone REIT (WSR). Click either name above to swap in a different company.
Whitestone REIT is the larger business by last-quarter revenue ($43.9M vs $25.6M, roughly 1.7× IT TECH PACKAGING, INC.). Whitestone REIT runs the higher net margin — 52.0% vs -5.7%, a 57.7% gap on every dollar of revenue. On growth, Whitestone REIT posted the faster year-over-year revenue change (7.5% vs 2.1%). Whitestone REIT produced more free cash flow last quarter ($50.5M vs $1.5M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs 8.7%).
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.
Whitestone REIT is a publicly traded real estate investment trust that acquires, owns, manages and redevelops open-air community shopping centers, primarily located in high-growth metropolitan areas across the southwestern and southeastern United States. Its property portfolio is largely anchored by daily necessity, service-focused retail tenants that cater to regular local consumer demand.
ITP vs WSR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.6M | $43.9M |
| Net Profit | $-1.4M | $22.8M |
| Gross Margin | 7.9% | — |
| Operating Margin | -3.9% | 53.0% |
| Net Margin | -5.7% | 52.0% |
| Revenue YoY | 2.1% | 7.5% |
| Net Profit YoY | 26.6% | 31.7% |
| EPS (diluted) | $-0.11 | $0.43 |
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.
| Q4 25 | — | $43.9M | ||
| Q3 25 | $25.6M | $41.0M | ||
| Q2 25 | $24.8M | $37.9M | ||
| Q1 25 | $10.9M | $38.0M | ||
| Q4 24 | $17.6M | $40.8M | ||
| Q3 24 | $25.1M | $38.6M | ||
| Q2 24 | $26.2M | $37.6M | ||
| Q1 24 | $6.9M | $37.2M |
| Q4 25 | — | $22.8M | ||
| Q3 25 | $-1.4M | $18.3M | ||
| Q2 25 | $-2.0M | $5.1M | ||
| Q1 25 | $-3.5M | $3.7M | ||
| Q4 24 | $-4.0M | $17.3M | ||
| Q3 24 | $-2.0M | $7.6M | ||
| Q2 24 | $-77.7K | $2.6M | ||
| Q1 24 | $-3.7M | $9.3M |
| 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% | — |
| Q4 25 | — | 53.0% | ||
| Q3 25 | -3.9% | 45.5% | ||
| Q2 25 | -7.1% | 13.8% | ||
| Q1 25 | -31.0% | 10.2% | ||
| Q4 24 | -21.5% | 43.3% | ||
| Q3 24 | -5.8% | 20.3% | ||
| Q2 24 | 2.1% | 7.2% | ||
| Q1 24 | -51.0% | 25.9% |
| Q4 25 | — | 52.0% | ||
| Q3 25 | -5.7% | 44.7% | ||
| Q2 25 | -7.9% | 13.3% | ||
| Q1 25 | -32.2% | 9.7% | ||
| Q4 24 | -22.9% | 42.5% | ||
| Q3 24 | -7.9% | 19.7% | ||
| Q2 24 | -0.3% | 6.9% | ||
| Q1 24 | -54.6% | 25.1% |
| Q4 25 | — | $0.43 | ||
| Q3 25 | $-0.11 | $0.35 | ||
| Q2 25 | $-0.16 | $0.10 | ||
| Q1 25 | $-0.35 | $0.07 | ||
| Q4 24 | $-0.40 | $0.34 | ||
| Q3 24 | $-0.20 | $0.15 | ||
| Q2 24 | $-0.01 | $0.05 | ||
| Q1 24 | $-0.37 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.9M |
| Total DebtLower is stronger | $4.7M | $649.4M |
| Stockholders' EquityBook value | $152.0M | $458.1M |
| Total Assets | $175.7M | $1.2B |
| Debt / EquityLower = less leverage | 0.03× | 1.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.9M | ||
| Q3 25 | — | $6.8M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.6M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | — | $2.5M | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $6.2M |
| Q4 25 | — | $649.4M | ||
| Q3 25 | $4.7M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $4.7M | — | ||
| Q4 24 | $4.7M | $632.5M | ||
| Q3 24 | $8.9M | — | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $11.4M | — |
| Q4 25 | — | $458.1M | ||
| Q3 25 | $152.0M | $439.5M | ||
| Q2 25 | $152.3M | $427.5M | ||
| Q1 25 | $152.8M | $431.0M | ||
| Q4 24 | $156.1M | $438.2M | ||
| Q3 24 | $164.3M | $419.5M | ||
| Q2 24 | $163.5M | $418.3M | ||
| Q1 24 | $164.3M | $421.6M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $175.7M | $1.1B | ||
| Q2 25 | $175.2M | $1.2B | ||
| Q1 25 | $175.2M | $1.1B | ||
| Q4 24 | $177.5M | $1.1B | ||
| Q3 24 | $190.0M | $1.1B | ||
| Q2 24 | $191.4M | $1.1B | ||
| Q1 24 | $177.5M | $1.1B |
| Q4 25 | — | 1.42× | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.03× | 1.44× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5M | $50.8M |
| Free Cash FlowOCF − Capex | $1.5M | $50.5M |
| FCF MarginFCF / Revenue | 5.9% | 114.9% |
| Capex IntensityCapex / Revenue | 0.0% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.22× |
| TTM Free Cash FlowTrailing 4 quarters | $3.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $50.8M | ||
| Q3 25 | $1.5M | $18.0M | ||
| Q2 25 | $1.4M | $13.8M | ||
| Q1 25 | $-2.5M | $3.1M | ||
| Q4 24 | $3.5M | $58.2M | ||
| Q3 24 | $1.5M | $16.4M | ||
| Q2 24 | $721.9K | $12.3M | ||
| Q1 24 | $624.4K | $11.5M |
| Q4 25 | — | $50.5M | ||
| Q3 25 | $1.5M | — | ||
| Q2 25 | $1.3M | — | ||
| Q1 25 | $-2.5M | — | ||
| Q4 24 | $3.5M | $58.0M | ||
| Q3 24 | $1.2M | — | ||
| Q2 24 | $668.3K | — | ||
| Q1 24 | $615.4K | — |
| Q4 25 | — | 114.9% | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 5.4% | — | ||
| Q1 25 | -22.8% | — | ||
| Q4 24 | 19.6% | 142.1% | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 9.0% | — |
| Q4 25 | — | 0.7% | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | 0.5% | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | — | 2.22× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 2.74× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 3.36× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 4.73× | ||
| Q1 24 | — | 1.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
