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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Caledonia Mining Corp Plc (CMCL). Click either name above to swap in a different company.

ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $46.9M, roughly 1.1× Caledonia Mining Corp Plc). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs 6.8%, a 0.2% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 17.1%).

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.

Hochschild Mining plc is a leading British-based silver and gold mining business operating in North, Central, and South America. It is headquartered in Lima, Peru, with a corporate office in London, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The main shareholder is the Peruvian businessman Eduardo Hochschild.

ACTG vs CMCL — Head-to-Head

Bigger by revenue
ACTG
ACTG
1.1× larger
ACTG
$50.1M
$46.9M
CMCL
Growing faster (revenue YoY)
CMCL
CMCL
+11.2% gap
CMCL
13.8%
2.6%
ACTG
Higher net margin
CMCL
CMCL
0.2% more per $
CMCL
7.0%
6.8%
ACTG
Faster 2-yr revenue CAGR
ACTG
ACTG
Annualised
ACTG
43.6%
17.1%
CMCL

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
ACTG
ACTG
CMCL
CMCL
Revenue
$50.1M
$46.9M
Net Profit
$3.4M
$3.3M
Gross Margin
12.8%
41.2%
Operating Margin
-26.1%
18.6%
Net Margin
6.8%
7.0%
Revenue YoY
2.6%
13.8%
Net Profit YoY
125.5%
-33.3%
EPS (diluted)
$0.03
$0.13

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.

Revenue
ACTG
ACTG
CMCL
CMCL
Q4 25
$50.1M
Q3 25
$59.4M
Q2 25
$51.2M
Q1 25
$124.4M
Q4 24
$48.8M
Q3 24
$23.3M
$46.9M
Q2 24
$25.8M
$50.1M
Q1 24
$24.3M
$38.5M
Net Profit
ACTG
ACTG
CMCL
CMCL
Q4 25
$3.4M
Q3 25
$-2.7M
Q2 25
$-3.3M
Q1 25
$24.3M
Q4 24
$-13.4M
Q3 24
$-14.0M
$3.3M
Q2 24
$-8.4M
$10.2M
Q1 24
$-186.0K
$2.1M
Gross Margin
ACTG
ACTG
CMCL
CMCL
Q4 25
12.8%
Q3 25
21.2%
Q2 25
12.8%
Q1 25
47.4%
Q4 24
17.6%
Q3 24
10.1%
41.2%
Q2 24
26.2%
45.8%
Q1 24
49.2%
35.9%
Operating Margin
ACTG
ACTG
CMCL
CMCL
Q4 25
-26.1%
Q3 25
-10.8%
Q2 25
-24.2%
Q1 25
30.8%
Q4 24
-32.4%
Q3 24
-44.1%
18.6%
Q2 24
-18.4%
32.2%
Q1 24
-8.6%
13.8%
Net Margin
ACTG
ACTG
CMCL
CMCL
Q4 25
6.8%
Q3 25
-4.6%
Q2 25
-6.4%
Q1 25
19.5%
Q4 24
-27.5%
Q3 24
-60.0%
7.0%
Q2 24
-32.7%
20.3%
Q1 24
-0.8%
5.4%
EPS (diluted)
ACTG
ACTG
CMCL
CMCL
Q4 25
$0.03
Q3 25
$-0.03
Q2 25
$-0.03
Q1 25
$0.25
Q4 24
$-0.14
Q3 24
$-0.14
$0.13
Q2 24
$-0.08
$0.42
Q1 24
$0.00
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACTG
ACTG
CMCL
CMCL
Cash + ST InvestmentsLiquidity on hand
$306.7M
$7.2M
Total DebtLower is stronger
$91.9M
Stockholders' EquityBook value
$543.5M
$231.0M
Total Assets
$771.0M
$339.7M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACTG
ACTG
CMCL
CMCL
Q4 25
$306.7M
Q3 25
$301.8M
Q2 25
$316.7M
Q1 25
$272.0M
Q4 24
$273.9M
Q3 24
$410.9M
$7.2M
Q2 24
$441.9M
$15.4M
Q1 24
$498.4M
$1.8M
Total Debt
ACTG
ACTG
CMCL
CMCL
Q4 25
$91.9M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACTG
ACTG
CMCL
CMCL
Q4 25
$543.5M
Q3 25
$537.6M
Q2 25
$538.6M
Q1 25
$540.2M
Q4 24
$514.8M
Q3 24
$540.2M
$231.0M
Q2 24
$560.7M
$231.1M
Q1 24
$568.3M
$220.3M
Total Assets
ACTG
ACTG
CMCL
CMCL
Q4 25
$771.0M
Q3 25
$768.9M
Q2 25
$775.5M
Q1 25
$801.6M
Q4 24
$756.4M
Q3 24
$707.6M
$339.7M
Q2 24
$753.6M
$338.5M
Q1 24
$631.7M
$321.8M
Debt / Equity
ACTG
ACTG
CMCL
CMCL
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
ACTG
ACTG
CMCL
CMCL
Operating Cash FlowLast quarter
$75.2M
$4.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
22.01×
1.40×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACTG
ACTG
CMCL
CMCL
Q4 25
$75.2M
Q3 25
$9.5M
Q2 25
$50.1M
Q1 25
$2.4M
Q4 24
$50.1M
Q3 24
$-593.0K
$4.6M
Q2 24
$16.1M
$19.1M
Q1 24
$54.8M
Free Cash Flow
ACTG
ACTG
CMCL
CMCL
Q4 25
Q3 25
Q2 25
Q1 25
$335.0K
Q4 24
$-98.5M
Q3 24
$-2.8M
Q2 24
$-126.7M
Q1 24
$54.6M
FCF Margin
ACTG
ACTG
CMCL
CMCL
Q4 25
Q3 25
Q2 25
Q1 25
0.3%
Q4 24
-201.8%
Q3 24
-12.1%
Q2 24
-490.5%
Q1 24
224.4%
Capex Intensity
ACTG
ACTG
CMCL
CMCL
Q4 25
Q3 25
Q2 25
Q1 25
1.7%
Q4 24
304.4%
Q3 24
9.6%
Q2 24
553.0%
Q1 24
1.1%
Cash Conversion
ACTG
ACTG
CMCL
CMCL
Q4 25
22.01×
Q3 25
Q2 25
Q1 25
0.10×
Q4 24
Q3 24
1.40×
Q2 24
1.87×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACTG
ACTG

Energy Operations$16.0M32%
Transportation Safety$10.4M21%
Office Storage And Display Solutions$8.4M17%
Printers Consumables And Parts$6.5M13%
Natural Gas Reserves$5.1M10%
Natural Gas Liquids Reserves$3.3M7%

CMCL
CMCL

Segment breakdown not available.

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