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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Clarus Corp (CLAR). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $50.1M, roughly 1.3× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -47.8%, a 54.6% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -8.4%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -2.9%).
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.
Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.
ACTG vs CLAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $65.4M |
| Net Profit | $3.4M | $-31.3M |
| Gross Margin | 12.8% | 27.7% |
| Operating Margin | -26.1% | -59.6% |
| Net Margin | 6.8% | -47.8% |
| Revenue YoY | 2.6% | -8.4% |
| Net Profit YoY | 125.5% | 52.3% |
| EPS (diluted) | $0.03 | $-0.81 |
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 | $65.4M | ||
| Q3 25 | $59.4M | $69.3M | ||
| Q2 25 | $51.2M | $55.2M | ||
| Q1 25 | $124.4M | $60.4M | ||
| Q4 24 | $48.8M | $71.4M | ||
| Q3 24 | $23.3M | $67.1M | ||
| Q2 24 | $25.8M | $56.5M | ||
| Q1 24 | $24.3M | $69.3M |
| Q4 25 | $3.4M | $-31.3M | ||
| Q3 25 | $-2.7M | $-1.6M | ||
| Q2 25 | $-3.3M | $-8.4M | ||
| Q1 25 | $24.3M | $-5.2M | ||
| Q4 24 | $-13.4M | $-65.5M | ||
| Q3 24 | $-14.0M | $-3.2M | ||
| Q2 24 | $-8.4M | $-5.5M | ||
| Q1 24 | $-186.0K | $21.9M |
| Q4 25 | 12.8% | 27.7% | ||
| Q3 25 | 21.2% | 35.1% | ||
| Q2 25 | 12.8% | 35.6% | ||
| Q1 25 | 47.4% | 34.4% | ||
| Q4 24 | 17.6% | 33.4% | ||
| Q3 24 | 10.1% | 35.0% | ||
| Q2 24 | 26.2% | 36.1% | ||
| Q1 24 | 49.2% | 35.9% |
| Q4 25 | -26.1% | -59.6% | ||
| Q3 25 | -10.8% | -4.4% | ||
| Q2 25 | -24.2% | -19.7% | ||
| Q1 25 | 30.8% | -11.2% | ||
| Q4 24 | -32.4% | -70.2% | ||
| Q3 24 | -44.1% | -8.0% | ||
| Q2 24 | -18.4% | -14.4% | ||
| Q1 24 | -8.6% | -9.8% |
| Q4 25 | 6.8% | -47.8% | ||
| Q3 25 | -4.6% | -2.3% | ||
| Q2 25 | -6.4% | -15.3% | ||
| Q1 25 | 19.5% | -8.7% | ||
| Q4 24 | -27.5% | -91.8% | ||
| Q3 24 | -60.0% | -4.7% | ||
| Q2 24 | -32.7% | -9.7% | ||
| Q1 24 | -0.8% | 31.6% |
| Q4 25 | $0.03 | $-0.81 | ||
| Q3 25 | $-0.03 | $-0.04 | ||
| Q2 25 | $-0.03 | $-0.22 | ||
| Q1 25 | $0.25 | $-0.14 | ||
| Q4 24 | $-0.14 | $-1.72 | ||
| Q3 24 | $-0.14 | $-0.08 | ||
| Q2 24 | $-0.08 | $-0.14 | ||
| Q1 24 | $0.00 | $0.57 |
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 | $36.7M |
| Total DebtLower is stronger | $91.9M | $0 |
| Stockholders' EquityBook value | $543.5M | $196.4M |
| Total Assets | $771.0M | $249.0M |
| Debt / EquityLower = less leverage | 0.17× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $36.7M | ||
| Q3 25 | $301.8M | $29.5M | ||
| Q2 25 | $316.7M | $28.5M | ||
| Q1 25 | $272.0M | $41.3M | ||
| Q4 24 | $273.9M | $45.4M | ||
| Q3 24 | $410.9M | $36.4M | ||
| Q2 24 | $441.9M | $46.2M | ||
| Q1 24 | $498.4M | $47.5M |
| Q4 25 | $91.9M | $0 | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $37.0K |
| Q4 25 | $543.5M | $196.4M | ||
| Q3 25 | $537.6M | $225.8M | ||
| Q2 25 | $538.6M | $225.1M | ||
| Q1 25 | $540.2M | $229.3M | ||
| Q4 24 | $514.8M | $233.1M | ||
| Q3 24 | $540.2M | $308.5M | ||
| Q2 24 | $560.7M | $307.3M | ||
| Q1 24 | $568.3M | $310.4M |
| Q4 25 | $771.0M | $249.0M | ||
| Q3 25 | $768.9M | $283.1M | ||
| Q2 25 | $775.5M | $286.5M | ||
| Q1 25 | $801.6M | $292.8M | ||
| Q4 24 | $756.4M | $294.1M | ||
| Q3 24 | $707.6M | $375.3M | ||
| Q2 24 | $753.6M | $369.4M | ||
| Q1 24 | $631.7M | $377.0M |
| Q4 25 | 0.17× | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.00× |
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 | $12.5M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 17.7% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $12.5M | ||
| Q3 25 | $9.5M | $-5.7M | ||
| Q2 25 | $50.1M | $-9.4M | ||
| Q1 25 | $2.4M | $-2.1M | ||
| Q4 24 | $50.1M | $16.6M | ||
| Q3 24 | $-593.0K | $-8.3M | ||
| Q2 24 | $16.1M | $834.0K | ||
| Q1 24 | $54.8M | $-16.4M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $-7.0M | ||
| Q2 25 | — | $-11.3M | ||
| Q1 25 | $335.0K | $-3.3M | ||
| Q4 24 | $-98.5M | $14.4M | ||
| Q3 24 | $-2.8M | $-9.4M | ||
| Q2 24 | $-126.7M | $-744.0K | ||
| Q1 24 | $54.6M | $-18.3M |
| Q4 25 | — | 17.7% | ||
| Q3 25 | — | -10.0% | ||
| Q2 25 | — | -20.4% | ||
| Q1 25 | 0.3% | -5.4% | ||
| Q4 24 | -201.8% | 20.1% | ||
| Q3 24 | -12.1% | -14.0% | ||
| Q2 24 | -490.5% | -1.3% | ||
| Q1 24 | 224.4% | -26.3% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 304.4% | 3.1% | ||
| Q3 24 | 9.6% | 1.6% | ||
| Q2 24 | 553.0% | 2.8% | ||
| Q1 24 | 1.1% | 2.7% |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.75× |
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% |
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
