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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and AEMETIS, INC (AMTX). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $43.3M, roughly 1.2× AEMETIS, INC). On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -7.9%). 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.
Aemetis, Inc. is a renewable fuels and sustainable biochemicals producer operating across North America and India. Its core products include low-carbon ethanol, renewable natural gas and biodiesel, serving transportation, industrial and agricultural sectors with decarbonization solutions for commercial clients.
ACTG vs AMTX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $43.3M |
| Net Profit | $3.4M | — |
| Gross Margin | 12.8% | 17.8% |
| Operating Margin | -26.1% | -5.7% |
| Net Margin | 6.8% | — |
| Revenue YoY | 2.6% | -7.9% |
| Net Profit YoY | 125.5% | — |
| EPS (diluted) | $0.03 | $-0.03 |
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 | $43.3M | ||
| Q3 25 | $59.4M | $59.2M | ||
| Q2 25 | $51.2M | $52.2M | ||
| Q1 25 | $124.4M | $42.9M | ||
| Q4 24 | $48.8M | $47.0M | ||
| Q3 24 | $23.3M | $81.4M | ||
| Q2 24 | $25.8M | $66.6M | ||
| Q1 24 | $24.3M | $72.6M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | $-2.7M | $-23.7M | ||
| Q2 25 | $-3.3M | $-23.4M | ||
| Q1 25 | $24.3M | $-24.5M | ||
| Q4 24 | $-13.4M | — | ||
| Q3 24 | $-14.0M | $-17.9M | ||
| Q2 24 | $-8.4M | $-29.2M | ||
| Q1 24 | $-186.0K | $-24.2M |
| Q4 25 | 12.8% | 17.8% | ||
| Q3 25 | 21.2% | -0.1% | ||
| Q2 25 | 12.8% | -6.4% | ||
| Q1 25 | 47.4% | -11.8% | ||
| Q4 24 | 17.6% | -4.3% | ||
| Q3 24 | 10.1% | 4.8% | ||
| Q2 24 | 26.2% | -2.7% | ||
| Q1 24 | 49.2% | -0.8% |
| Q4 25 | -26.1% | -5.7% | ||
| Q3 25 | -10.8% | -14.4% | ||
| Q2 25 | -24.2% | -20.4% | ||
| Q1 25 | 30.8% | -36.3% | ||
| Q4 24 | -32.4% | -28.7% | ||
| Q3 24 | -44.1% | -4.8% | ||
| Q2 24 | -18.4% | -20.4% | ||
| Q1 24 | -8.6% | -13.0% |
| Q4 25 | 6.8% | — | ||
| Q3 25 | -4.6% | -40.1% | ||
| Q2 25 | -6.4% | -44.8% | ||
| Q1 25 | 19.5% | -57.2% | ||
| Q4 24 | -27.5% | — | ||
| Q3 24 | -60.0% | -22.0% | ||
| Q2 24 | -32.7% | -43.8% | ||
| Q1 24 | -0.8% | -33.4% |
| Q4 25 | $0.03 | $-0.03 | ||
| Q3 25 | $-0.03 | $-0.37 | ||
| Q2 25 | $-0.03 | $-0.41 | ||
| Q1 25 | $0.25 | $-0.47 | ||
| Q4 24 | $-0.14 | $-0.29 | ||
| Q3 24 | $-0.14 | $-0.38 | ||
| Q2 24 | $-0.08 | $-0.66 | ||
| Q1 24 | $0.00 | $-0.58 |
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 | $4.9M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $-306.8M |
| Total Assets | $771.0M | $259.8M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $4.9M | ||
| Q3 25 | $301.8M | $5.6M | ||
| Q2 25 | $316.7M | $1.6M | ||
| Q1 25 | $272.0M | $499.0K | ||
| Q4 24 | $273.9M | $898.0K | ||
| Q3 24 | $410.9M | $296.0K | ||
| Q2 24 | $441.9M | $234.0K | ||
| Q1 24 | $498.4M | $1.6M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $338.1M | ||
| Q3 24 | — | $322.2M | ||
| Q2 24 | — | $309.0M | ||
| Q1 24 | — | $307.2M |
| Q4 25 | $543.5M | $-306.8M | ||
| Q3 25 | $537.6M | $-304.9M | ||
| Q2 25 | $538.6M | $-289.3M | ||
| Q1 25 | $540.2M | $-280.7M | ||
| Q4 24 | $514.8M | $-263.9M | ||
| Q3 24 | $540.2M | $-258.9M | ||
| Q2 24 | $560.7M | $-249.0M | ||
| Q1 24 | $568.3M | $-232.1M |
| Q4 25 | $771.0M | $259.8M | ||
| Q3 25 | $768.9M | $241.1M | ||
| Q2 25 | $775.5M | $240.0M | ||
| Q1 25 | $801.6M | $242.5M | ||
| Q4 24 | $756.4M | $259.3M | ||
| Q3 24 | $707.6M | $259.3M | ||
| Q2 24 | $753.6M | $259.3M | ||
| Q1 24 | $631.7M | $259.3M |
| 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 | $5.8M |
| Free Cash FlowOCF − Capex | — | $-10.8M |
| FCF MarginFCF / Revenue | — | -24.9% |
| Capex IntensityCapex / Revenue | — | 38.2% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-22.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $5.8M | ||
| Q3 25 | $9.5M | $3.1M | ||
| Q2 25 | $50.1M | $-5.7M | ||
| Q1 25 | $2.4M | $160.0K | ||
| Q4 24 | $50.1M | $-12.6M | ||
| Q3 24 | $-593.0K | $-5.0M | ||
| Q2 24 | $16.1M | $-5.1M | ||
| Q1 24 | $54.8M | $-10.3M |
| Q4 25 | — | $-10.8M | ||
| Q3 25 | — | $-1.0M | ||
| Q2 25 | — | $-9.3M | ||
| Q1 25 | $335.0K | $-1.7M | ||
| Q4 24 | $-98.5M | $-19.4M | ||
| Q3 24 | $-2.8M | $-9.5M | ||
| Q2 24 | $-126.7M | $-10.5M | ||
| Q1 24 | $54.6M | $-13.9M |
| Q4 25 | — | -24.9% | ||
| Q3 25 | — | -1.7% | ||
| Q2 25 | — | -17.7% | ||
| Q1 25 | 0.3% | -3.9% | ||
| Q4 24 | -201.8% | -41.2% | ||
| Q3 24 | -12.1% | -11.6% | ||
| Q2 24 | -490.5% | -15.8% | ||
| Q1 24 | 224.4% | -19.1% |
| Q4 25 | — | 38.2% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | 1.7% | 4.3% | ||
| Q4 24 | 304.4% | 14.4% | ||
| Q3 24 | 9.6% | 5.5% | ||
| Q2 24 | 553.0% | 8.1% | ||
| Q1 24 | 1.1% | 4.9% |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
AMTX
| Ethanol Sales | $28.8M | 66% |
| Wet Distillers Grains | $6.8M | 16% |
| California Dairy Renewable Natural Gas | $5.2M | 12% |
| Other | $1.8M | 4% |
