Company / Income Tax
IT TECH PACKAGING, INC. Income Tax History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$879.2K
FY2024
5-year range
$347.0K / $11.7M
FY2020-FY2024
Trend
+153.4%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Income Tax has fluctuated over the past 10 years, ranging from -$2M in FY2019 to $12M in FY2022.
Based on SEC 10-K filings.
$879,194 in FY2024 with a 3-year CAGR of -45.9%.
Improved from $12M to $879,194 over the past 2 years.
Income Tax over time
Growth rates
- 3-Year CAGR
- -45.9%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- 3-year CAGR of -45.9%, indicating a declining trend.
- In FY2024, income tax increased 153.4% year-over-year.
- Peak income tax was recorded in FY2022.
- Lowest income tax in the period was in FY2019.
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 | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $879.2K | +153.4% |
| FY2023 | $347.0K | -97.0% |
| FY2022 | $11.7M | +111.1% |
| FY2021 | $5.5M | +415.5% |
| FY2020 | $1.1M | +158.1% |
| FY2019 | -$1.9M | -379.2% |
| FY2018 | $662.8K | -78.7% |
| FY2017 | $3.1M | -29.7% |
| FY2016 | $4.4M | -13.0% |
| FY2015 | $5.1M | -6.8% |
As of FY2024 · SEC 10-K · Updated Jun 24, 2026