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IT TECH PACKAGING, INC.（ITP）与Ranpak Holdings Corp.（PACK）财务数据对比。点击上方公司名可切换其他公司
Ranpak Holdings Corp.的季度营收约是IT TECH PACKAGING, INC.的3.7倍（$93.7M vs $25.6M）。Ranpak Holdings Corp.同比增速更快（2.3% vs 2.1%）。过去两年Ranpak Holdings Corp.的营收复合增速更高（13.7% vs 10.5%）
IT TECH PACKAGING, INC.是一家主营纸制品研发生产的企业，核心市场布局在中国境内，核心产品包括瓦楞包装纸、箱板纸、印刷用文化纸等，下游覆盖消费品包装、物流运输、商业印刷等多个需求领域。
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
ITP vs PACK — 直观对比
营收规模更大
PACK
是对方的3.7倍
$25.6M
营收增速更快
PACK
高出0.2%
2.1%
两年增速更快
PACK
近两年复合增速
10.5%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $25.6M | $93.7M |
| 净利润 | $-1.4M | — |
| 毛利率 | 7.9% | 39.0% |
| 营业利润率 | -3.9% | -1.0% |
| 净利率 | -5.7% | — |
| 营收同比 | 2.1% | 2.3% |
| 净利润同比 | 26.6% | — |
| 每股收益（稀释后） | $-0.11 | $-0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ITPPACK
| Q4 25 | — | $93.7M | ||
| Q3 25 | $25.6M | $83.6M | ||
| Q2 25 | $24.8M | $77.8M | ||
| Q1 25 | $10.9M | $77.6M | ||
| Q4 24 | $17.6M | $91.6M | ||
| Q3 24 | $25.1M | $78.6M | ||
| Q2 24 | $26.2M | $72.8M | ||
| Q1 24 | $6.9M | $72.5M |
净利润ITPPACK
| Q4 25 | — | — | ||
| Q3 25 | $-1.4M | $-10.4M | ||
| Q2 25 | $-2.0M | $-7.5M | ||
| Q1 25 | $-3.5M | $-10.9M | ||
| Q4 24 | $-4.0M | — | ||
| Q3 24 | $-2.0M | $-8.1M | ||
| Q2 24 | $-77.7K | $5.5M | ||
| Q1 24 | $-3.7M | $-8.1M |
毛利率ITPPACK
| Q4 25 | — | 39.0% | ||
| Q3 25 | 7.9% | 41.1% | ||
| Q2 25 | 5.1% | 37.1% | ||
| Q1 25 | 0.8% | 39.8% | ||
| Q4 24 | 6.3% | 45.2% | ||
| Q3 24 | 7.6% | 43.8% | ||
| Q2 24 | 12.4% | 43.5% | ||
| Q1 24 | 5.8% | 44.6% |
营业利润率ITPPACK
| Q4 25 | — | -1.0% | ||
| Q3 25 | -3.9% | -6.8% | ||
| Q2 25 | -7.1% | -12.5% | ||
| Q1 25 | -31.0% | -10.3% | ||
| Q4 24 | -21.5% | 1.5% | ||
| Q3 24 | -5.8% | -5.3% | ||
| Q2 24 | 2.1% | -7.1% | ||
| Q1 24 | -51.0% | -6.6% |
净利率ITPPACK
| Q4 25 | — | — | ||
| Q3 25 | -5.7% | -12.4% | ||
| Q2 25 | -7.9% | -9.6% | ||
| Q1 25 | -32.2% | -14.0% | ||
| Q4 24 | -22.9% | — | ||
| Q3 24 | -7.9% | -10.3% | ||
| Q2 24 | -0.3% | 7.6% | ||
| Q1 24 | -54.6% | -11.2% |
每股收益（稀释后）ITPPACK
| Q4 25 | — | $-0.11 | ||
| Q3 25 | $-0.11 | $-0.12 | ||
| Q2 25 | $-0.16 | $-0.09 | ||
| Q1 25 | $-0.35 | $-0.13 | ||
| Q4 24 | $-0.40 | $-0.13 | ||
| Q3 24 | $-0.20 | $-0.10 | ||
| Q2 24 | $-0.01 | $0.07 | ||
| Q1 24 | $-0.37 | $-0.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $63.0M |
| 总债务越低越好 | $4.7M | $401.9M |
| 股东权益账面价值 | $152.0M | $534.9M |
| 总资产 | $175.7M | $1.1B |
| 负债/权益比越低杠杆越低 | 0.03× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资ITPPACK
| Q4 25 | — | $63.0M | ||
| Q3 25 | — | $49.9M | ||
| Q2 25 | — | $49.2M | ||
| Q1 25 | — | $65.5M | ||
| Q4 24 | — | $76.1M | ||
| Q3 24 | — | $69.5M | ||
| Q2 24 | — | $65.1M | ||
| Q1 24 | — | $55.1M |
总债务ITPPACK
| Q4 25 | — | $401.9M | ||
| Q3 25 | $4.7M | $403.1M | ||
| Q2 25 | $4.7M | $403.1M | ||
| Q1 25 | $4.7M | $405.2M | ||
| Q4 24 | $4.7M | $406.4M | ||
| Q3 24 | $8.9M | $403.2M | ||
| Q2 24 | $11.3M | $396.1M | ||
| Q1 24 | $11.4M | $396.7M |
股东权益ITPPACK
| Q4 25 | — | $534.9M | ||
| Q3 25 | $152.0M | $537.8M | ||
| Q2 25 | $152.3M | $539.0M | ||
| Q1 25 | $152.8M | $544.1M | ||
| Q4 24 | $156.1M | $548.1M | ||
| Q3 24 | $164.3M | $564.3M | ||
| Q2 24 | $163.5M | $566.2M | ||
| Q1 24 | $164.3M | $560.0M |
总资产ITPPACK
| Q4 25 | — | $1.1B | ||
| Q3 25 | $175.7M | $1.1B | ||
| Q2 25 | $175.2M | $1.1B | ||
| 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 |
负债/权益比ITPPACK
| Q4 25 | — | 0.75× | ||
| Q3 25 | 0.03× | 0.75× | ||
| Q2 25 | 0.03× | 0.75× | ||
| Q1 25 | 0.03× | 0.74× | ||
| Q4 24 | 0.03× | 0.74× | ||
| Q3 24 | 0.05× | 0.71× | ||
| Q2 24 | 0.07× | 0.70× | ||
| Q1 24 | 0.07× | 0.71× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.5M | $19.5M |
| 自由现金流经营现金流 - 资本支出 | $1.5M | — |
| 自由现金流率自由现金流/营收 | 5.9% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $3.8M | — |
8季度趋势，按日历期对齐
经营现金流ITPPACK
| Q4 25 | — | $19.5M | ||
| Q3 25 | $1.5M | $8.5M | ||
| Q2 25 | $1.4M | $-3.6M | ||
| Q1 25 | $-2.5M | $-1.3M | ||
| Q4 24 | $3.5M | $6.5M | ||
| Q3 24 | $1.5M | $10.1M | ||
| Q2 24 | $721.9K | $19.6M | ||
| Q1 24 | $624.4K | $5.2M |
自由现金流ITPPACK
| Q4 25 | — | — | ||
| Q3 25 | $1.5M | — | ||
| Q2 25 | $1.3M | — | ||
| Q1 25 | $-2.5M | — | ||
| Q4 24 | $3.5M | — | ||
| Q3 24 | $1.2M | — | ||
| Q2 24 | $668.3K | — | ||
| Q1 24 | $615.4K | — |
自由现金流率ITPPACK
| Q4 25 | — | — | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 5.4% | — | ||
| Q1 25 | -22.8% | — | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 9.0% | — |
资本支出强度ITPPACK
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.1% | — |
现金转化率ITPPACK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.56× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
