Company / Gross Margin
IT TECH PACKAGING, INC. Gross Margin History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
8.8%
FY2024
5-year range
-1.1% / 8.8%
FY2020-FY2024
Trend
+660.3%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Gross Margin changed +660% YoY in FY2024, a notable deviation from the 9-year average annual change of +121%.
Based on SEC 10-K filings.
8.8% in FY2024 with a 5-year CAGR of +2.1%.
Improved from 4.7% to 8.8% over the past 2 years.
Gross Margin over time
Growth rates
- 3-Year Change
- +2.0pp
- 5-Year Change
- +2.1pp
- 10-Year Change
- -
Key checks
Key Insights
- In FY2024, gross margin increased 660.3% year-over-year.
- Peak gross margin was recorded in FY2017.
- Lowest gross margin in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 3.72 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | 8.8% | +660.3% |
| FY2023 | 1.2% | -75.5% |
| FY2022 | 4.7% | -30.8% |
| FY2021 | 6.9% | +722.7% |
| FY2020 | -1.1% | -116.4% |
| FY2019 | 6.7% | -60.6% |
| FY2018 | 17.1% | -10.0% |
| FY2017 | 18.9% | +14.0% |
| FY2016 | 16.6% | -10.4% |
| FY2015 | 18.6% | +3.6% |
As of FY2024 · SEC 10-K · Updated Jun 24, 2026