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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Armada Hoffler Properties, Inc. (AHH). Click either name above to swap in a different company.
Armada Hoffler Properties, Inc. is the larger business by last-quarter revenue ($75.6M vs $50.1M, roughly 1.5× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs 3.1%, a 3.7% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs 0.8%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -22.8%).
Acacia Research Corporation is a publicly traded American company based in New York City. It acquires and operates businesses in industries including the technology, energy, and industrial/manufacturing sectors. Acacia has a strategic relationship with Starboard Value, LP, the company's controlling shareholder. The company has been characterized as a patent troll.
Armada Hoffler Properties, Inc. is a publicly traded U.S. real estate investment trust operating across the Mid-Atlantic and Southeast regions. It develops, owns, and manages a diversified portfolio of office, retail, and multifamily residential properties, and also offers construction and development services for third-party clients.
ACTG vs AHH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $75.6M |
| Net Profit | $3.4M | $2.4M |
| Gross Margin | 12.8% | — |
| Operating Margin | -26.1% | 31.0% |
| Net Margin | 6.8% | 3.1% |
| Revenue YoY | 2.6% | 0.8% |
| Net Profit YoY | 125.5% | -89.8% |
| EPS (diluted) | $0.03 | $0.00 |
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.
| Q4 25 | $50.1M | $75.6M | ||
| Q3 25 | $59.4M | $72.7M | ||
| Q2 25 | $51.2M | $69.1M | ||
| Q1 25 | $124.4M | $67.8M | ||
| Q4 24 | $48.8M | $75.0M | ||
| Q3 24 | $23.3M | $114.4M | ||
| Q2 24 | $25.8M | $116.8M | ||
| Q1 24 | $24.3M | $127.0M |
| Q4 25 | $3.4M | $2.4M | ||
| Q3 25 | $-2.7M | $80.0K | ||
| Q2 25 | $-3.3M | $5.9M | ||
| Q1 25 | $24.3M | $-2.8M | ||
| Q4 24 | $-13.4M | $23.4M | ||
| Q3 24 | $-14.0M | $-5.0M | ||
| Q2 24 | $-8.4M | $3.2M | ||
| Q1 24 | $-186.0K | $14.1M |
| Q4 25 | 12.8% | — | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 47.4% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 10.1% | 45.0% | ||
| Q2 24 | 26.2% | 41.8% | ||
| Q1 24 | 49.2% | 37.9% |
| Q4 25 | -26.1% | 31.0% | ||
| Q3 25 | -10.8% | 29.2% | ||
| Q2 25 | -24.2% | 29.6% | ||
| Q1 25 | 30.8% | 23.2% | ||
| Q4 24 | -32.4% | 50.1% | ||
| Q3 24 | -44.1% | 19.0% | ||
| Q2 24 | -18.4% | 11.9% | ||
| Q1 24 | -8.6% | 15.1% |
| Q4 25 | 6.8% | 3.1% | ||
| Q3 25 | -4.6% | 0.1% | ||
| Q2 25 | -6.4% | 8.6% | ||
| Q1 25 | 19.5% | -4.1% | ||
| Q4 24 | -27.5% | 31.2% | ||
| Q3 24 | -60.0% | -4.4% | ||
| Q2 24 | -32.7% | 2.7% | ||
| Q1 24 | -0.8% | 11.1% |
| Q4 25 | $0.03 | $0.00 | ||
| Q3 25 | $-0.03 | $-0.04 | ||
| Q2 25 | $-0.03 | $0.04 | ||
| Q1 25 | $0.25 | $-0.07 | ||
| Q4 24 | $-0.14 | $0.28 | ||
| Q3 24 | $-0.14 | $-0.11 | ||
| Q2 24 | $-0.08 | $0.00 | ||
| Q1 24 | $0.00 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $306.7M | $49.1M |
| Total DebtLower is stronger | $91.9M | $1.5B |
| Stockholders' EquityBook value | $543.5M | $627.8M |
| Total Assets | $771.0M | $2.6B |
| Debt / EquityLower = less leverage | 0.17× | 2.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $49.1M | ||
| Q3 25 | $301.8M | $46.5M | ||
| Q2 25 | $316.7M | $52.1M | ||
| Q1 25 | $272.0M | $45.7M | ||
| Q4 24 | $273.9M | $31.9M | ||
| Q3 24 | $410.9M | $43.9M | ||
| Q2 24 | $441.9M | $20.3M | ||
| Q1 24 | $498.4M | $41.9M |
| Q4 25 | $91.9M | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $543.5M | $627.8M | ||
| Q3 25 | $537.6M | $638.8M | ||
| Q2 25 | $538.6M | $652.0M | ||
| Q1 25 | $540.2M | $657.4M | ||
| Q4 24 | $514.8M | $670.6M | ||
| Q3 24 | $540.2M | $663.9M | ||
| Q2 24 | $560.7M | $562.7M | ||
| Q1 24 | $568.3M | $571.4M |
| Q4 25 | $771.0M | $2.6B | ||
| Q3 25 | $768.9M | $2.6B | ||
| Q2 25 | $775.5M | $2.6B | ||
| Q1 25 | $801.6M | $2.5B | ||
| Q4 24 | $756.4M | $2.5B | ||
| Q3 24 | $707.6M | $2.6B | ||
| Q2 24 | $753.6M | $2.6B | ||
| Q1 24 | $631.7M | $2.6B |
| Q4 25 | 0.17× | 2.43× | ||
| Q3 25 | — | 2.33× | ||
| Q2 25 | — | 2.22× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | — | 2.52× | ||
| Q1 24 | — | 2.50× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $75.2M | $64.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 22.01× | 26.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $64.2M | ||
| Q3 25 | $9.5M | $26.3M | ||
| Q2 25 | $50.1M | $11.1M | ||
| Q1 25 | $2.4M | $107.0K | ||
| Q4 24 | $50.1M | $112.0M | ||
| Q3 24 | $-593.0K | $27.3M | ||
| Q2 24 | $16.1M | $17.4M | ||
| Q1 24 | $54.8M | $46.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $335.0K | — | ||
| Q4 24 | $-98.5M | — | ||
| Q3 24 | $-2.8M | — | ||
| Q2 24 | $-126.7M | — | ||
| Q1 24 | $54.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | -201.8% | — | ||
| Q3 24 | -12.1% | — | ||
| Q2 24 | -490.5% | — | ||
| Q1 24 | 224.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 304.4% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 553.0% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 22.01× | 26.99× | ||
| Q3 25 | — | 328.63× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | 4.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.48× | ||
| Q1 24 | — | 3.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACTG
| Energy Operations | $16.0M | 32% |
| Transportation Safety | $10.4M | 21% |
| Office Storage And Display Solutions | $8.4M | 17% |
| Printers Consumables And Parts | $6.5M | 13% |
| Natural Gas Reserves | $5.1M | 10% |
| Natural Gas Liquids Reserves | $3.3M | 7% |
AHH
| Office Real Estate Segment | $28.8M | 38% |
| Retail Real Estate Segment | $25.4M | 34% |
| Multifamily Residential Real Estate | $17.7M | 23% |
| Real Estate Financing Segment | $3.6M | 5% |
