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Side-by-side financial comparison of IT TECH PACKAGING, INC. (ITP) and Xilio Therapeutics, Inc. (XLO). 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 $13.7M, roughly 1.9× Xilio Therapeutics, Inc.). Xilio Therapeutics, Inc. runs the higher net margin — 75.7% vs -5.7%, a 81.4% gap on every dollar of revenue. IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-2.1M).

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.

Xilio Therapeutics is a clinical-stage biotechnology company dedicated to developing novel tumor-selective immunotherapies for cancer treatment. Its product pipeline features candidates engineered to trigger anti-tumor immune responses specifically inside tumor microenvironments, reducing systemic toxicities, and it primarily targets oncology patient populations in North America and other global markets.

ITP vs XLO — Head-to-Head

Bigger by revenue
ITP
ITP
1.9× larger
ITP
$25.6M
$13.7M
XLO
Higher net margin
XLO
XLO
81.4% more per $
XLO
75.7%
-5.7%
ITP
More free cash flow
ITP
ITP
$3.6M more FCF
ITP
$1.5M
$-2.1M
XLO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ITP
ITP
XLO
XLO
Revenue
$25.6M
$13.7M
Net Profit
$-1.4M
$10.4M
Gross Margin
7.9%
Operating Margin
-3.9%
-86.5%
Net Margin
-5.7%
75.7%
Revenue YoY
2.1%
Net Profit YoY
26.6%
179.1%
EPS (diluted)
$-0.11
$-3.74

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
XLO
XLO
Q4 25
$13.7M
Q3 25
$25.6M
$19.1M
Q2 25
$24.8M
$8.1M
Q1 25
$10.9M
$2.9M
Q4 24
$17.6M
Q3 24
$25.1M
Q2 24
$26.2M
Q1 24
$6.9M
Net Profit
ITP
ITP
XLO
XLO
Q4 25
$10.4M
Q3 25
$-1.4M
$-16.3M
Q2 25
$-2.0M
$-15.8M
Q1 25
$-3.5M
$-13.3M
Q4 24
$-4.0M
Q3 24
$-2.0M
Q2 24
$-77.7K
Q1 24
$-3.7M
Gross Margin
ITP
ITP
XLO
XLO
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%
Operating Margin
ITP
ITP
XLO
XLO
Q4 25
-86.5%
Q3 25
-3.9%
-10.1%
Q2 25
-7.1%
-177.7%
Q1 25
-31.0%
-472.7%
Q4 24
-21.5%
Q3 24
-5.8%
Q2 24
2.1%
Q1 24
-51.0%
Net Margin
ITP
ITP
XLO
XLO
Q4 25
75.7%
Q3 25
-5.7%
-85.4%
Q2 25
-7.9%
-196.0%
Q1 25
-32.2%
-452.7%
Q4 24
-22.9%
Q3 24
-7.9%
Q2 24
-0.3%
Q1 24
-54.6%
EPS (diluted)
ITP
ITP
XLO
XLO
Q4 25
$-3.74
Q3 25
$-0.11
$-0.11
Q2 25
$-0.16
$-0.16
Q1 25
$-0.35
$-0.18
Q4 24
$-0.40
Q3 24
$-0.20
Q2 24
$-0.01
Q1 24
$-0.37

Balance Sheet & Financial Strength

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

Metric
ITP
ITP
XLO
XLO
Cash + ST InvestmentsLiquidity on hand
$137.5M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$152.0M
$35.3M
Total Assets
$175.7M
$154.7M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITP
ITP
XLO
XLO
Q4 25
$137.5M
Q3 25
$103.8M
Q2 25
$121.6M
Q1 25
$89.1M
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
ITP
ITP
XLO
XLO
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
XLO
XLO
Q4 25
$35.3M
Q3 25
$152.0M
$-8.1M
Q2 25
$152.3M
$7.1M
Q1 25
$152.8M
$10.7M
Q4 24
$156.1M
Q3 24
$164.3M
Q2 24
$163.5M
Q1 24
$164.3M
Total Assets
ITP
ITP
XLO
XLO
Q4 25
$154.7M
Q3 25
$175.7M
$133.7M
Q2 25
$175.2M
$133.8M
Q1 25
$175.2M
$103.7M
Q4 24
$177.5M
Q3 24
$190.0M
Q2 24
$191.4M
Q1 24
$177.5M
Debt / Equity
ITP
ITP
XLO
XLO
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
XLO
XLO
Operating Cash FlowLast quarter
$1.5M
$-2.0M
Free Cash FlowOCF − Capex
$1.5M
$-2.1M
FCF MarginFCF / Revenue
5.9%
-15.3%
Capex IntensityCapex / Revenue
0.0%
0.7%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$3.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ITP
ITP
XLO
XLO
Q4 25
$-2.0M
Q3 25
$1.5M
$-17.5M
Q2 25
$1.4M
$-14.5M
Q1 25
$-2.5M
$29.0M
Q4 24
$3.5M
Q3 24
$1.5M
Q2 24
$721.9K
Q1 24
$624.4K
Free Cash Flow
ITP
ITP
XLO
XLO
Q4 25
$-2.1M
Q3 25
$1.5M
Q2 25
$1.3M
$-14.9M
Q1 25
$-2.5M
$29.0M
Q4 24
$3.5M
Q3 24
$1.2M
Q2 24
$668.3K
Q1 24
$615.4K
FCF Margin
ITP
ITP
XLO
XLO
Q4 25
-15.3%
Q3 25
5.9%
Q2 25
5.4%
-184.0%
Q1 25
-22.8%
988.3%
Q4 24
19.6%
Q3 24
4.9%
Q2 24
2.5%
Q1 24
9.0%
Capex Intensity
ITP
ITP
XLO
XLO
Q4 25
0.7%
Q3 25
0.0%
0.0%
Q2 25
0.1%
5.0%
Q1 25
0.1%
0.8%
Q4 24
0.1%
Q3 24
1.0%
Q2 24
0.2%
Q1 24
0.1%
Cash Conversion
ITP
ITP
XLO
XLO
Q4 25
-0.19×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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