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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and AMERICAN SUPERCONDUCTOR CORP (AMSC). Click either name above to swap in a different company.
AMERICAN SUPERCONDUCTOR CORP is the larger business by last-quarter revenue ($74.5M vs $50.1M, roughly 1.5× ACACIA RESEARCH CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs 6.8%, a 151.2% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 33.2%).
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.
Anglo American plc is a British multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, representing approximately 40 percent of global output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.
ACTG vs AMSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $74.5M |
| Net Profit | $3.4M | $117.8M |
| Gross Margin | 12.8% | 30.7% |
| Operating Margin | -26.1% | 4.5% |
| Net Margin | 6.8% | 158.1% |
| Revenue YoY | 2.6% | 21.4% |
| Net Profit YoY | 125.5% | 4679.1% |
| EPS (diluted) | $0.03 | $2.62 |
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 | $74.5M | ||
| Q3 25 | $59.4M | $65.9M | ||
| Q2 25 | $51.2M | $72.4M | ||
| Q1 25 | $124.4M | $66.7M | ||
| Q4 24 | $48.8M | $61.4M | ||
| Q3 24 | $23.3M | $54.5M | ||
| Q2 24 | $25.8M | $40.3M | ||
| Q1 24 | $24.3M | $42.0M |
| Q4 25 | $3.4M | $117.8M | ||
| Q3 25 | $-2.7M | $4.8M | ||
| Q2 25 | $-3.3M | $6.7M | ||
| Q1 25 | $24.3M | $1.2M | ||
| Q4 24 | $-13.4M | $2.5M | ||
| Q3 24 | $-14.0M | $4.9M | ||
| Q2 24 | $-8.4M | $-2.5M | ||
| Q1 24 | $-186.0K | $-1.6M |
| Q4 25 | 12.8% | 30.7% | ||
| Q3 25 | 21.2% | 31.0% | ||
| Q2 25 | 12.8% | 33.8% | ||
| Q1 25 | 47.4% | 26.5% | ||
| Q4 24 | 17.6% | 26.6% | ||
| Q3 24 | 10.1% | 28.7% | ||
| Q2 24 | 26.2% | 30.3% | ||
| Q1 24 | 49.2% | 24.8% |
| Q4 25 | -26.1% | 4.5% | ||
| Q3 25 | -10.8% | 4.5% | ||
| Q2 25 | -24.2% | 7.8% | ||
| Q1 25 | 30.8% | 2.5% | ||
| Q4 24 | -32.4% | 2.1% | ||
| Q3 24 | -44.1% | -1.4% | ||
| Q2 24 | -18.4% | -8.2% | ||
| Q1 24 | -8.6% | -5.3% |
| Q4 25 | 6.8% | 158.1% | ||
| Q3 25 | -4.6% | 7.2% | ||
| Q2 25 | -6.4% | 9.3% | ||
| Q1 25 | 19.5% | 1.8% | ||
| Q4 24 | -27.5% | 4.0% | ||
| Q3 24 | -60.0% | 9.0% | ||
| Q2 24 | -32.7% | -6.3% | ||
| Q1 24 | -0.8% | -3.8% |
| Q4 25 | $0.03 | $2.62 | ||
| Q3 25 | $-0.03 | $0.11 | ||
| Q2 25 | $-0.03 | $0.17 | ||
| Q1 25 | $0.25 | $0.04 | ||
| Q4 24 | $-0.14 | $0.06 | ||
| Q3 24 | $-0.14 | $0.13 | ||
| Q2 24 | $-0.08 | $-0.07 | ||
| Q1 24 | $0.00 | $-0.03 |
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 | $141.1M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $536.8M |
| Total Assets | $771.0M | $719.5M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $141.1M | ||
| Q3 25 | $301.8M | $212.9M | ||
| Q2 25 | $316.7M | $207.9M | ||
| Q1 25 | $272.0M | $79.5M | ||
| Q4 24 | $273.9M | $75.2M | ||
| Q3 24 | $410.9M | $72.1M | ||
| Q2 24 | $441.9M | $93.5M | ||
| Q1 24 | $498.4M | $90.5M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $536.8M | ||
| Q3 25 | $537.6M | $342.2M | ||
| Q2 25 | $538.6M | $333.1M | ||
| Q1 25 | $540.2M | $197.1M | ||
| Q4 24 | $514.8M | $192.7M | ||
| Q3 24 | $540.2M | $187.0M | ||
| Q2 24 | $560.7M | $143.3M | ||
| Q1 24 | $568.3M | $144.6M |
| Q4 25 | $771.0M | $719.5M | ||
| Q3 25 | $768.9M | $445.6M | ||
| Q2 25 | $775.5M | $452.8M | ||
| Q1 25 | $801.6M | $310.5M | ||
| Q4 24 | $756.4M | $310.3M | ||
| Q3 24 | $707.6M | $298.4M | ||
| Q2 24 | $753.6M | $240.1M | ||
| Q1 24 | $631.7M | $232.8M |
| Q4 25 | 0.17× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $3.2M |
| Free Cash FlowOCF − Capex | — | $2.4M |
| FCF MarginFCF / Revenue | — | 3.2% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | 22.01× | 0.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | $16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $3.2M | ||
| Q3 25 | $9.5M | $6.5M | ||
| Q2 25 | $50.1M | $4.1M | ||
| Q1 25 | $2.4M | $6.3M | ||
| Q4 24 | $50.1M | $5.9M | ||
| Q3 24 | $-593.0K | $12.7M | ||
| Q2 24 | $16.1M | $3.4M | ||
| Q1 24 | $54.8M | $2.2M |
| Q4 25 | — | $2.4M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | — | $3.3M | ||
| Q1 25 | $335.0K | $5.3M | ||
| Q4 24 | $-98.5M | $5.3M | ||
| Q3 24 | $-2.8M | $12.1M | ||
| Q2 24 | $-126.7M | $3.1M | ||
| Q1 24 | $54.6M | $1.9M |
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | 0.3% | 7.9% | ||
| Q4 24 | -201.8% | 8.7% | ||
| Q3 24 | -12.1% | 22.3% | ||
| Q2 24 | -490.5% | 7.8% | ||
| Q1 24 | 224.4% | 4.6% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | 1.7% | 1.6% | ||
| Q4 24 | 304.4% | 0.9% | ||
| Q3 24 | 9.6% | 1.1% | ||
| Q2 24 | 553.0% | 0.7% | ||
| Q1 24 | 1.1% | 0.7% |
| Q4 25 | 22.01× | 0.03× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | 0.10× | 5.22× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 2.60× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
AMSC
| Equipment And Systems | $56.0M | 75% |
| Megatran | $14.1M | 19% |
| Comtrafo Industria De Transformadores Eletricos SA | $4.6M | 6% |
