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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Dolby Laboratories, Inc. (DLB). Click either name above to swap in a different company.
Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($346.7M vs $50.1M, roughly 6.9× ACACIA RESEARCH CORP). Dolby Laboratories, Inc. runs the higher net margin — 15.4% vs 6.8%, a 8.6% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -2.9%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -2.5%).
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.
Dolby Laboratories, Inc. is an American technology corporation specializing in audio noise reduction, audio encoding/compression, spatial audio, and high-dynamic-range television (HDR) imaging. Dolby licenses its technologies to consumer electronics manufacturers.
ACTG vs DLB — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $346.7M |
| Net Profit | $3.4M | $53.3M |
| Gross Margin | 12.8% | 87.5% |
| Operating Margin | -26.1% | 17.9% |
| Net Margin | 6.8% | 15.4% |
| Revenue YoY | 2.6% | -2.9% |
| Net Profit YoY | 125.5% | -21.4% |
| EPS (diluted) | $0.03 | $0.55 |
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 | $346.7M | ||
| Q3 25 | $59.4M | $307.0M | ||
| Q2 25 | $51.2M | $315.5M | ||
| Q1 25 | $124.4M | $369.6M | ||
| Q4 24 | $48.8M | $357.0M | ||
| Q3 24 | $23.3M | $304.8M | ||
| Q2 24 | $25.8M | $288.8M | ||
| Q1 24 | $24.3M | $364.5M |
| Q4 25 | $3.4M | $53.3M | ||
| Q3 25 | $-2.7M | $49.3M | ||
| Q2 25 | $-3.3M | $46.1M | ||
| Q1 25 | $24.3M | $91.8M | ||
| Q4 24 | $-13.4M | $67.8M | ||
| Q3 24 | $-14.0M | $58.6M | ||
| Q2 24 | $-8.4M | $38.4M | ||
| Q1 24 | $-186.0K | $97.8M |
| Q4 25 | 12.8% | 87.5% | ||
| Q3 25 | 21.2% | 87.1% | ||
| Q2 25 | 12.8% | 86.1% | ||
| Q1 25 | 47.4% | 90.3% | ||
| Q4 24 | 17.6% | 88.6% | ||
| Q3 24 | 10.1% | 88.8% | ||
| Q2 24 | 26.2% | 87.7% | ||
| Q1 24 | 49.2% | 89.4% |
| Q4 25 | -26.1% | 17.9% | ||
| Q3 25 | -10.8% | 9.7% | ||
| Q2 25 | -24.2% | 15.1% | ||
| Q1 25 | 30.8% | 29.2% | ||
| Q4 24 | -32.4% | 22.4% | ||
| Q3 24 | -44.1% | 15.2% | ||
| Q2 24 | -18.4% | 12.7% | ||
| Q1 24 | -8.6% | 29.9% |
| Q4 25 | 6.8% | 15.4% | ||
| Q3 25 | -4.6% | 16.1% | ||
| Q2 25 | -6.4% | 14.6% | ||
| Q1 25 | 19.5% | 24.8% | ||
| Q4 24 | -27.5% | 19.0% | ||
| Q3 24 | -60.0% | 19.2% | ||
| Q2 24 | -32.7% | 13.3% | ||
| Q1 24 | -0.8% | 26.8% |
| Q4 25 | $0.03 | $0.55 | ||
| Q3 25 | $-0.03 | $0.50 | ||
| Q2 25 | $-0.03 | $0.48 | ||
| Q1 25 | $0.25 | $0.94 | ||
| Q4 24 | $-0.14 | $0.70 | ||
| Q3 24 | $-0.14 | $0.59 | ||
| Q2 24 | $-0.08 | $0.40 | ||
| Q1 24 | $0.00 | $1.01 |
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 | $644.6M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $2.6B |
| Total Assets | $771.0M | $3.2B |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $644.6M | ||
| Q3 25 | $301.8M | $702.6M | ||
| Q2 25 | $316.7M | $699.3M | ||
| Q1 25 | $272.0M | $626.6M | ||
| Q4 24 | $273.9M | $520.8M | ||
| Q3 24 | $410.9M | $482.0M | ||
| Q2 24 | $441.9M | $869.0M | ||
| Q1 24 | $498.4M | $825.4M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $2.6B | ||
| Q3 25 | $537.6M | $2.6B | ||
| Q2 25 | $538.6M | $2.6B | ||
| Q1 25 | $540.2M | $2.6B | ||
| Q4 24 | $514.8M | $2.5B | ||
| Q3 24 | $540.2M | $2.5B | ||
| Q2 24 | $560.7M | $2.4B | ||
| Q1 24 | $568.3M | $2.4B |
| Q4 25 | $771.0M | $3.2B | ||
| Q3 25 | $768.9M | $3.2B | ||
| Q2 25 | $775.5M | $3.2B | ||
| Q1 25 | $801.6M | $3.2B | ||
| Q4 24 | $756.4M | $3.2B | ||
| Q3 24 | $707.6M | $3.1B | ||
| Q2 24 | $753.6M | $3.0B | ||
| Q1 24 | $631.7M | $3.0B |
| 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 | $13.2M | $54.8M |
| Free Cash FlowOCF − Capex | — | $50.2M |
| FCF MarginFCF / Revenue | — | 14.5% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | 3.85× | 1.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | $386.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $54.8M | ||
| Q3 25 | $9.5M | $122.8M | ||
| Q2 25 | $50.1M | $67.7M | ||
| Q1 25 | $2.4M | $174.9M | ||
| Q4 24 | $-20.3M | $106.8M | ||
| Q3 24 | $-593.0K | $116.2M | ||
| Q2 24 | $16.1M | $21.3M | ||
| Q1 24 | $54.8M | $181.4M |
| Q4 25 | — | $50.2M | ||
| Q3 25 | — | $106.6M | ||
| Q2 25 | — | $61.3M | ||
| Q1 25 | $335.0K | $168.0M | ||
| Q4 24 | $-23.6M | $100.0M | ||
| Q3 24 | $-2.8M | $108.8M | ||
| Q2 24 | $-126.7M | $13.7M | ||
| Q1 24 | $54.6M | $172.5M |
| Q4 25 | — | 14.5% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | 0.3% | 45.5% | ||
| Q4 24 | -48.2% | 28.0% | ||
| Q3 24 | -12.1% | 35.7% | ||
| Q2 24 | -490.5% | 4.7% | ||
| Q1 24 | 224.4% | 47.3% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | 1.7% | 1.9% | ||
| Q4 24 | 6.7% | 1.9% | ||
| Q3 24 | 9.6% | 2.4% | ||
| Q2 24 | 553.0% | 2.6% | ||
| Q1 24 | 1.1% | 2.4% |
| Q4 25 | 3.85× | 1.03× | ||
| Q3 25 | — | 2.49× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | 0.10× | 1.91× | ||
| Q4 24 | — | 1.57× | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 1.85× |
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% |
DLB
| Licensing Brodcast Revenue | $100.3M | 29% |
| Licensing Mobile Revenue | $74.9M | 22% |
| Licensing Other Revenue | $70.2M | 20% |
| Licensing CE Revenue | $45.6M | 13% |
| Licensing PC Revenue | $28.7M | 8% |
| Products And Services | $26.9M | 8% |
