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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and CBAK Energy Technology, Inc. (CBAT). Click either name above to swap in a different company.
CBAK Energy Technology, Inc. is the larger business by last-quarter revenue ($58.8M vs $50.1M, roughly 1.2× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -12.5%, a 19.4% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -0.0%).
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.
CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.
ACTG vs CBAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $58.8M |
| Net Profit | $3.4M | $-7.4M |
| Gross Margin | 12.8% | 7.3% |
| Operating Margin | -26.1% | -13.6% |
| Net Margin | 6.8% | -12.5% |
| Revenue YoY | 2.6% | 131.8% |
| Net Profit YoY | 125.5% | -63.6% |
| EPS (diluted) | $0.03 | $-0.08 |
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 | $58.8M | ||
| Q3 25 | $59.4M | $60.9M | ||
| Q2 25 | $51.2M | $40.5M | ||
| Q1 25 | $124.4M | $34.9M | ||
| Q4 24 | $48.8M | $25.4M | ||
| Q3 24 | $23.3M | $44.6M | ||
| Q2 24 | $25.8M | $47.8M | ||
| Q1 24 | $24.3M | $58.8M |
| Q4 25 | $3.4M | $-7.4M | ||
| Q3 25 | $-2.7M | $2.7M | ||
| Q2 25 | $-3.3M | $-3.1M | ||
| Q1 25 | $24.3M | $-1.6M | ||
| Q4 24 | $-13.4M | $-4.5M | ||
| Q3 24 | $-14.0M | $17.6K | ||
| Q2 24 | $-8.4M | $6.4M | ||
| Q1 24 | $-186.0K | $9.8M |
| Q4 25 | 12.8% | 7.3% | ||
| Q3 25 | 21.2% | 8.0% | ||
| Q2 25 | 12.8% | 11.0% | ||
| Q1 25 | 47.4% | 13.7% | ||
| Q4 24 | 17.6% | 13.1% | ||
| Q3 24 | 10.1% | 15.6% | ||
| Q2 24 | 26.2% | 26.6% | ||
| Q1 24 | 49.2% | 31.9% |
| Q4 25 | -26.1% | -13.6% | ||
| Q3 25 | -10.8% | -6.6% | ||
| Q2 25 | -24.2% | -8.7% | ||
| Q1 25 | 30.8% | -8.2% | ||
| Q4 24 | -32.4% | -26.0% | ||
| Q3 24 | -44.1% | -1.9% | ||
| Q2 24 | -18.4% | 12.4% | ||
| Q1 24 | -8.6% | 17.4% |
| Q4 25 | 6.8% | -12.5% | ||
| Q3 25 | -4.6% | 4.4% | ||
| Q2 25 | -6.4% | -7.6% | ||
| Q1 25 | 19.5% | -4.5% | ||
| Q4 24 | -27.5% | -17.8% | ||
| Q3 24 | -60.0% | 0.0% | ||
| Q2 24 | -32.7% | 13.5% | ||
| Q1 24 | -0.8% | 16.7% |
| Q4 25 | $0.03 | $-0.08 | ||
| Q3 25 | $-0.03 | $0.03 | ||
| Q2 25 | $-0.03 | $-0.03 | ||
| Q1 25 | $0.25 | $-0.02 | ||
| Q4 24 | $-0.14 | $-0.05 | ||
| Q3 24 | $-0.14 | $0.00 | ||
| Q2 24 | $-0.08 | $0.07 | ||
| Q1 24 | $0.00 | $0.11 |
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 | $8.3M |
| Total DebtLower is stronger | $91.9M | $4.1M |
| Stockholders' EquityBook value | $543.5M | $112.7M |
| Total Assets | $771.0M | $426.2M |
| Debt / EquityLower = less leverage | 0.17× | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $8.3M | ||
| Q3 25 | $301.8M | $10.5M | ||
| Q2 25 | $316.7M | $45.7M | ||
| Q1 25 | $272.0M | $9.6M | ||
| Q4 24 | $273.9M | $11.0M | ||
| Q3 24 | $410.9M | $24.2M | ||
| Q2 24 | $441.9M | $44.1M | ||
| Q1 24 | $498.4M | $23.8M |
| Q4 25 | $91.9M | $4.1M | ||
| Q3 25 | — | $4.8M | ||
| Q2 25 | — | $4.9M | ||
| Q1 25 | — | $4.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $112.7M | ||
| Q3 25 | $537.6M | $121.4M | ||
| Q2 25 | $538.6M | $118.2M | ||
| Q1 25 | $540.2M | $120.8M | ||
| Q4 24 | $514.8M | $121.7M | ||
| Q3 24 | $540.2M | $131.2M | ||
| Q2 24 | $560.7M | $126.6M | ||
| Q1 24 | $568.3M | $120.9M |
| Q4 25 | $771.0M | $426.2M | ||
| Q3 25 | $768.9M | $363.9M | ||
| Q2 25 | $775.5M | $333.1M | ||
| Q1 25 | $801.6M | $311.5M | ||
| Q4 24 | $756.4M | $302.2M | ||
| Q3 24 | $707.6M | $293.5M | ||
| Q2 24 | $753.6M | $279.6M | ||
| Q1 24 | $631.7M | $286.5M |
| Q4 25 | 0.17× | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.03× | ||
| 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 | $29.8M |
| Free Cash FlowOCF − Capex | — | $16.1M |
| FCF MarginFCF / Revenue | — | 27.3% |
| Capex IntensityCapex / Revenue | — | 23.4% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $29.8M | ||
| Q3 25 | $9.5M | $14.6M | ||
| Q2 25 | $50.1M | $13.8M | ||
| Q1 25 | $2.4M | $-9.6M | ||
| Q4 24 | $50.1M | $9.6M | ||
| Q3 24 | $-593.0K | $19.7M | ||
| Q2 24 | $16.1M | $2.9M | ||
| Q1 24 | $54.8M | $7.4M |
| Q4 25 | — | $16.1M | ||
| Q3 25 | — | $6.0M | ||
| Q2 25 | — | $4.1M | ||
| Q1 25 | $335.0K | $-22.3M | ||
| Q4 24 | $-98.5M | $3.9M | ||
| Q3 24 | $-2.8M | $16.5M | ||
| Q2 24 | $-126.7M | $2.5M | ||
| Q1 24 | $54.6M | $-454.0K |
| Q4 25 | — | 27.3% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | 0.3% | -63.9% | ||
| Q4 24 | -201.8% | 15.5% | ||
| Q3 24 | -12.1% | 37.1% | ||
| Q2 24 | -490.5% | 5.2% | ||
| Q1 24 | 224.4% | -0.8% |
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 14.1% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | 1.7% | 36.3% | ||
| Q4 24 | 304.4% | 22.5% | ||
| Q3 24 | 9.6% | 7.0% | ||
| Q2 24 | 553.0% | 0.9% | ||
| Q1 24 | 1.1% | 13.4% |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1115.72× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.76× |
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% |
CBAT
| Manufacturing Lithium Batteries | $28.0M | 48% |
| Residential Energy Supply And Uninterruptable Supplies | $17.8M | 30% |
| Light Electric Vehicles | $12.9M | 22% |
| Precursor | $108.0K | 0% |
