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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and AerSale Corp (ASLE). Click either name above to swap in a different company.
AerSale Corp is the larger business by last-quarter revenue ($90.9M vs $50.1M, roughly 1.8× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs 5.9%, a 0.9% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -4.0%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 0.2%).
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.
AerSale, Inc. is a Doral, Florida-based global supplier of aftermarket commercial jet aircraft, engines, used materials, and aeronautical engineering services to passenger and cargo airlines, government, multinational original equipment manufacturers, and independent MROs. AerSale is a member of the Aircraft Fleet Recycling Association.
ACTG vs ASLE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $90.9M |
| Net Profit | $3.4M | $5.4M |
| Gross Margin | 12.8% | 34.1% |
| Operating Margin | -26.1% | 7.8% |
| Net Margin | 6.8% | 5.9% |
| Revenue YoY | 2.6% | -4.0% |
| Net Profit YoY | 125.5% | 99.7% |
| EPS (diluted) | $0.03 | $0.10 |
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 | $90.9M | ||
| Q3 25 | $59.4M | $71.2M | ||
| Q2 25 | $51.2M | $107.4M | ||
| Q1 25 | $124.4M | $65.8M | ||
| Q4 24 | $48.8M | $94.7M | ||
| Q3 24 | $23.3M | $82.7M | ||
| Q2 24 | $25.8M | $77.1M | ||
| Q1 24 | $24.3M | $90.5M |
| Q4 25 | $3.4M | $5.4M | ||
| Q3 25 | $-2.7M | $-120.0K | ||
| Q2 25 | $-3.3M | $8.6M | ||
| Q1 25 | $24.3M | $-5.3M | ||
| Q4 24 | $-13.4M | $2.7M | ||
| Q3 24 | $-14.0M | $509.0K | ||
| Q2 24 | $-8.4M | $-3.6M | ||
| Q1 24 | $-186.0K | $6.3M |
| Q4 25 | 12.8% | 34.1% | ||
| Q3 25 | 21.2% | 30.2% | ||
| Q2 25 | 12.8% | 32.9% | ||
| Q1 25 | 47.4% | 27.3% | ||
| Q4 24 | 17.6% | 31.4% | ||
| Q3 24 | 10.1% | 28.6% | ||
| Q2 24 | 26.2% | 28.2% | ||
| Q1 24 | 49.2% | 31.8% |
| Q4 25 | -26.1% | 7.8% | ||
| Q3 25 | -10.8% | 4.0% | ||
| Q2 25 | -24.2% | 11.7% | ||
| Q1 25 | 30.8% | -10.1% | ||
| Q4 24 | -32.4% | 5.2% | ||
| Q3 24 | -44.1% | 2.4% | ||
| Q2 24 | -18.4% | -2.4% | ||
| Q1 24 | -8.6% | 5.2% |
| Q4 25 | 6.8% | 5.9% | ||
| Q3 25 | -4.6% | -0.2% | ||
| Q2 25 | -6.4% | 8.0% | ||
| Q1 25 | 19.5% | -8.0% | ||
| Q4 24 | -27.5% | 2.9% | ||
| Q3 24 | -60.0% | 0.6% | ||
| Q2 24 | -32.7% | -4.7% | ||
| Q1 24 | -0.8% | 6.9% |
| Q4 25 | $0.03 | $0.10 | ||
| Q3 25 | $-0.03 | $0.00 | ||
| Q2 25 | $-0.03 | $0.18 | ||
| Q1 25 | $0.25 | $-0.10 | ||
| Q4 24 | $-0.14 | $0.05 | ||
| Q3 24 | $-0.14 | $0.01 | ||
| Q2 24 | $-0.08 | $-0.07 | ||
| Q1 24 | $0.00 | $0.12 |
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 | $4.4M |
| Total DebtLower is stronger | $91.9M | $1.3M |
| Stockholders' EquityBook value | $543.5M | $424.4M |
| Total Assets | $771.0M | $640.5M |
| Debt / EquityLower = less leverage | 0.17× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $4.4M | ||
| Q3 25 | $301.8M | $5.3M | ||
| Q2 25 | $316.7M | $5.7M | ||
| Q1 25 | $272.0M | $4.7M | ||
| Q4 24 | $273.9M | $4.7M | ||
| Q3 24 | $410.9M | $9.8M | ||
| Q2 24 | $441.9M | $4.3M | ||
| Q1 24 | $498.4M | $2.6M |
| Q4 25 | $91.9M | $1.3M | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $907.0K | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $376.0K | ||
| Q2 24 | — | $522.0K | ||
| Q1 24 | — | $3.5M |
| Q4 25 | $543.5M | $424.4M | ||
| Q3 25 | $537.6M | $417.1M | ||
| Q2 25 | $538.6M | $415.9M | ||
| Q1 25 | $540.2M | $406.5M | ||
| Q4 24 | $514.8M | $455.6M | ||
| Q3 24 | $540.2M | $451.5M | ||
| Q2 24 | $560.7M | $449.8M | ||
| Q1 24 | $568.3M | $452.0M |
| Q4 25 | $771.0M | $640.5M | ||
| Q3 25 | $768.9M | $646.3M | ||
| Q2 25 | $775.5M | $646.7M | ||
| Q1 25 | $801.6M | $646.1M | ||
| Q4 24 | $756.4M | $604.7M | ||
| Q3 24 | $707.6M | $601.5M | ||
| Q2 24 | $753.6M | $598.7M | ||
| Q1 24 | $631.7M | $571.7M |
| Q4 25 | 0.17× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.01× |
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 | $11.4M |
| Free Cash FlowOCF − Capex | — | $9.8M |
| FCF MarginFCF / Revenue | — | 10.8% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | 22.01× | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $11.4M | ||
| Q3 25 | $9.5M | $-8.9M | ||
| Q2 25 | $50.1M | $19.8M | ||
| Q1 25 | $2.4M | $-45.2M | ||
| Q4 24 | $50.1M | $37.5M | ||
| Q3 24 | $-593.0K | $10.4M | ||
| Q2 24 | $16.1M | $-15.3M | ||
| Q1 24 | $54.8M | $-21.5M |
| Q4 25 | — | $9.8M | ||
| Q3 25 | — | $-9.8M | ||
| Q2 25 | — | $18.6M | ||
| Q1 25 | $335.0K | $-47.6M | ||
| Q4 24 | $-98.5M | $32.3M | ||
| Q3 24 | $-2.8M | $8.9M | ||
| Q2 24 | $-126.7M | $-18.9M | ||
| Q1 24 | $54.6M | $-25.0M |
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | -13.8% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | 0.3% | -72.4% | ||
| Q4 24 | -201.8% | 34.0% | ||
| Q3 24 | -12.1% | 10.7% | ||
| Q2 24 | -490.5% | -24.6% | ||
| Q1 24 | 224.4% | -27.7% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | 1.7% | 3.7% | ||
| Q4 24 | 304.4% | 5.6% | ||
| Q3 24 | 9.6% | 1.9% | ||
| Q2 24 | 553.0% | 4.7% | ||
| Q1 24 | 1.1% | 3.9% |
| Q4 25 | 22.01× | 2.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.31× | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | 13.89× | ||
| Q3 24 | — | 20.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -3.42× |
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% |
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
