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Financials · ITP

IT Tech Packaging Inc. (ITP) financials

For the twelve months ended Sep 30, 2025, IT Tech Packaging Inc. reported $78.94M of revenue and -$10.95M of net income.

Revenue, TTM
$78.94M
Revenue growth, YoY
-0.3%
Net income, TTM
-$10.95M
Net margin
-13.9%
Free cash flow, TTM
$3.81M
EPS, diluted, TTM
-$1.02
Cash
$9.12M
Total debt
$9.82M
P/S
0.02
Market cap
$1.8M
Annual revenue$75.84M
FY2015FY2024
Annual net income-$9.84M
FY2015FY2024
Annual free cash flow$5.97M
FY2015FY2024

ITP revenue and earnings growth

ITP revenueQ3 2025$25.60M

Quarter YoY
+2.1%
QoQ
+3.3%
FY YoY
-12.4%
5Y CAGR
-8.4%
10Y CAGR
-5.7%

ITP revenue was $25.60M in fiscal Q3 2025 (ended Sep 30, 2025), up 2.1% from a year earlier and up 3.3% from the prior quarter. For the full fiscal 2024 it was $75.84M, down 12.4% from fiscal 2023. Compound annual growth was -8.4% over 5 years and -5.7% over 10 years. It rose in 2 of the last 10 fiscal years.

ITP net incomeQ3 2025-$1.45M

ITP net income was -$1.45M in fiscal Q3 2025 (ended Sep 30, 2025), compared with -$1.97M a year earlier. For the full fiscal 2024 it was -$9.84M, compared with -$9.95M in fiscal 2023.

ITP EPSQ3 2025-$0.11

ITP diluted EPS was -$0.11 in fiscal Q3 2025 (ended Sep 30, 2025), compared with -$0.20 a year earlier. For the full fiscal 2024 it was -$0.98, compared with -$0.99 in fiscal 2023.

ITP free cash flowQ3 2025$1.50M

Quarter YoY
+21.7%
QoQ
+11.7%
5Y CAGR
+39.9%

ITP free cash flow was $1.50M in fiscal Q3 2025 (ended Sep 30, 2025), up 21.7% from a year earlier and up 11.7% from the prior quarter. For the full fiscal 2024 it was $5.97M, compared with -$9.42M in fiscal 2023. Compound annual growth was +39.9% over 5 years.

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Income statement

Income statement
Line item
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
FY2015
Dec 31, 2015
Revenue$75.84M$86.55M$100.35M$160.88M$100.94M$117.61M$86.75M$117.02M$134.74M$135.30M
Cost of revenue$69.15M$85.55M$95.60M----$97.07M$109.21M$107.44M
Gross profit$6.69M$999.9K$4.75M$11.02M$5.70M$13.68M$5.82M$19.96M$25.53M$27.86M
Research and development$99.6K$90.8K$145.5K$101.4K$69.2K$74.8K$30.2K$31.9K$21.6K$28.4K
Selling, general and admin$14.80M$9.08M$10.06M$9.56M$11.16M$9.78M$13.10M$11.31M$12.40M$9.66M
Operating income-$8.21M-$9.58M-$5.30M$1.46M-$5.46M$3.90M-$11.18M$4.68M$12.95M$18.20M
Interest expense$762.4K$984.5K$1.03M$1.12M$1.03M$926.4K$1.49M$2.43M$2.62M$3.16M
Pre-tax income-$8.96M-$9.60M-$4.86M--$6.66M$3.30M-$12.40M$2.32M$10.43M$15.67M
Income tax$879.2K$347.0K$11.71M$5.55M-$1.10M$1.08M-$1.85M$662.8K$3.11M$4.12M
Net income-$9.84M-$9.95M-$16.57M$905.5K-$5.55M$2.22M-$10.55M$1.66M$7.31M$11.54M
EPS, basic-$0.98-$0.99-$1.66$0.10-$0.21$0.10-$0.49$0.08$0.34$0.57
EPS, diluted-$0.98-$0.99-$1.66$0.10-$0.21$0.10-$0.49$0.08$0.34$0.57
Diluted shares10.1M10.1M10.0M9.1M26.5M22.0M21.6M21.5M21.4M20.3M

Balance sheet

Balance sheet
Line item
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
FY2015
Dec 31, 2015
Cash and equivalents$6.95M$4.39M$9.52M$11.20M$4.14M$5.84M$12.12M$9.02M$4.49M$2.64M
Receivables$287.6K$575.5K--------
Inventory$2.35M$3.56M$2.87M$5.84M$1.23M$1.61M$2.92M$8.47M$5.63M$9.21M
Current assets$28.46M$28.36M$47.17M$55.52M$14.91M$24.04M$24.16M$19.99M$14.48M$26.34M
Total assets$177.55M$194.74M$204.45M$241.54M$199.87M$190.20M$203.08M$218.99M$208.38M$238.63M
Current liabilities$20.15M$21.42M$17.64M$20.43M$18.34M$16.84M$29.63M$21.76M$20.59M$40.24M
Short-term debt$3.56M$6.87M$4.84M$5.96M$6.44M-----
Long-term debt$1.11M$4.50M$4.20M------$3.22M
Total debt$4.67M$11.38M$9.04M$9.82M$9.59M$4.44M$4.52M$8.16M$8.07M$3.22M
Total liabilities$21.50M$26.41M$23.12M$25.79M$24.79M$24.20M$36.53M$33.66M$35.62M$62.82M
Shareholders' equity$156.05M$168.34M$181.32M$181.32M$175.08M$166.00M$166.55M$185.33M$172.76M$175.81M

Cash flow

Cash flow
Line item
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
FY2015
Dec 31, 2015
Operating cash flow$6.30M$12.87M$10.72M-$2.44M$16.14M$7.53M$9.17M$18.15M$15.28M$21.20M
Capital expenditures$329.6K$22.29M$4.53M$25.07M$21.11M$6.42M$2.20M$9.38M$11.59M$19.33M
Free cash flow$5.97M-$9.42M$6.19M-$27.51M-$4.96M$1.11M$6.97M$8.77M$3.69M$1.87M
Investing cash flow-$329.6K-$22.24M-$10.90M-$25.07M-$20.53M-$7.87M-$2.20M-$9.32M-$11.55M-$19.33M
Financing cash flow-$3.26M$4.41M-$879.6K$34.19M$2.05M-$5.77M-$3.17M-$4.92M-$3.68M-$2.80M
Stock-based compensation--$156.0K-$1.26M-$470.4K-$1.42M-
Depreciation and amortization$14.22M$14.23M$14.79M$15.36M$15.79M$15.30M$14.29M$14.63M$15.29M$13.40M

Key ratios

Key ratios
Line item
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
FY2015
Dec 31, 2015
Revenue growth, YoY-12.4%-13.8%-37.6%59.4%-14.2%35.6%-25.9%-13.2%-0.4%-1.3%
Net income growth, YoY--------77.3%-36.6%-1.4%
EPS growth, YoY--------76.5%-40.4%-6.6%
Gross margin8.8%1.2%4.7%6.8%5.6%11.6%6.7%17.1%18.9%20.6%
Operating margin-10.8%-11.1%-5.3%0.9%-5.4%3.3%-12.9%4.0%9.6%13.4%
Net margin-13.0%-11.5%-16.5%0.6%-5.5%1.9%-12.2%1.4%5.4%8.5%
Free cash flow margin7.9%-10.9%6.2%-17.1%-4.9%0.9%8.0%7.5%2.7%1.4%
Return on equity-6.3%-5.9%-9.1%0.5%-3.2%1.3%-6.3%0.9%4.2%6.6%
Return on assets-5.5%-5.1%-8.1%0.4%-2.8%1.2%-5.2%0.8%3.5%4.8%
Current ratio1.411.322.672.720.811.430.820.920.700.65
Debt to equity0.030.070.050.050.050.030.030.040.050.02

Source: XBRL data IT Tech Packaging Inc. files with the SEC, latest filing dated Nov 13, 2025 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ITP peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ITP$78.94M-0.3%-$10.95M-13.9%$1.8M
KMB$16.57B+0.6%$3.30B19.9%$68.69B
SW$31.48B+1.1%$473.00M1.5%$23.18B
PKG$9.82B+12.0%$727.10M7.4%$22.67B
BALL$15.13B+19.2%$532.00M3.5%$17.39B
AVY$9.36B+6.8%$708.30M7.6%$14.20B
CCK$13.77B+13.4%$857.00M6.2%$13.33B
WMS$3.26B+9.2%$405.49M12.4%$9.67B
REYN$3.80B+2.5%$323.00M8.5%$5.22B

ITP FAQ

9 questions
  • What is ITP revenue?
    IT Tech Packaging Inc. (ITP) reported $78.94M of revenue for the twelve months ended Sep 30, 2025. That is down 0.3% from the year before. Revenue for fiscal 2024 was $75.84M.
  • Is ITP profitable?
    No. IT Tech Packaging Inc. reported a net loss of $10.95M for the twelve months ended Sep 30, 2025.
  • How much cash and debt does ITP have?
    IT Tech Packaging Inc. reported $9.12M in cash and cash equivalents and $9.82M of debt on its most recent balance sheet in SEC filings.
  • How fast is ITP revenue growing?
    IT Tech Packaging Inc.'s revenue changed -12.4% in fiscal 2024, to $75.84M. Its compound annual growth rate was -8.4% over 5 years and -5.7% over 10 years.
  • What is ITP gross margin?
    IT Tech Packaging Inc.'s gross profit was $4.49M on $78.94M of revenue for the twelve months ended Sep 30, 2025, a gross margin of 5.7%.
  • What is ITP free cash flow?
    IT Tech Packaging Inc. generated $3.81M of free cash flow for the twelve months ended Sep 30, 2025, which is operating cash flow of $3.86M less capital expenditures.
  • What is ITP earnings per share?
    Diluted earnings per share were -$1.02 for the twelve months ended Sep 30, 2025, from SEC filings, restated for any stock split those filings show.
  • When did ITP last report financial results?
    The latest statements here come from IT Tech Packaging Inc.'s 10-Q filed on Nov 13, 2025, covering the period ended Sep 30, 2025.
  • Where does this ITP financial data come from?
    Quantisnow builds these statements from the structured XBRL data IT Tech Packaging Inc. files with the SEC. It is provided for information only and is not investment advice.