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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Evolus, Inc. (EOLS). Click either name above to swap in a different company.
Evolus, Inc. is the larger business by last-quarter revenue ($90.3M vs $50.1M, roughly 1.8× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs 0.1%, a 6.7% gap on every dollar of revenue. On growth, Evolus, Inc. posted the faster year-over-year revenue change (14.4% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 23.4%).
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.
Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.
ACTG vs EOLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $90.3M |
| Net Profit | $3.4M | $130.0K |
| Gross Margin | 12.8% | 65.7% |
| Operating Margin | -26.1% | 4.7% |
| Net Margin | 6.8% | 0.1% |
| Revenue YoY | 2.6% | 14.4% |
| Net Profit YoY | 125.5% | 101.9% |
| EPS (diluted) | $0.03 | $0.01 |
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 | $90.3M | ||
| Q3 25 | $59.4M | $69.0M | ||
| Q2 25 | $51.2M | $69.4M | ||
| Q1 25 | $124.4M | $68.5M | ||
| Q4 24 | $48.8M | $78.9M | ||
| Q3 24 | $23.3M | $61.1M | ||
| Q2 24 | $25.8M | $66.9M | ||
| Q1 24 | $24.3M | $59.3M |
| Q4 25 | $3.4M | $130.0K | ||
| Q3 25 | $-2.7M | $-15.7M | ||
| Q2 25 | $-3.3M | $-17.1M | ||
| Q1 25 | $24.3M | $-18.9M | ||
| Q4 24 | $-13.4M | $-6.8M | ||
| Q3 24 | $-14.0M | $-19.2M | ||
| Q2 24 | $-8.4M | $-11.3M | ||
| Q1 24 | $-186.0K | $-13.1M |
| Q4 25 | 12.8% | 65.7% | ||
| Q3 25 | 21.2% | 66.5% | ||
| Q2 25 | 12.8% | 65.3% | ||
| Q1 25 | 47.4% | 68.1% | ||
| Q4 24 | 17.6% | 66.7% | ||
| Q3 24 | 10.1% | 68.9% | ||
| Q2 24 | 26.2% | 70.3% | ||
| Q1 24 | 49.2% | 68.3% |
| Q4 25 | -26.1% | 4.7% | ||
| Q3 25 | -10.8% | -16.7% | ||
| Q2 25 | -24.2% | -14.7% | ||
| Q1 25 | 30.8% | -22.1% | ||
| Q4 24 | -32.4% | -2.9% | ||
| Q3 24 | -44.1% | -25.3% | ||
| Q2 24 | -18.4% | -11.5% | ||
| Q1 24 | -8.6% | -15.0% |
| Q4 25 | 6.8% | 0.1% | ||
| Q3 25 | -4.6% | -22.8% | ||
| Q2 25 | -6.4% | -24.7% | ||
| Q1 25 | 19.5% | -27.6% | ||
| Q4 24 | -27.5% | -8.6% | ||
| Q3 24 | -60.0% | -31.4% | ||
| Q2 24 | -32.7% | -17.0% | ||
| Q1 24 | -0.8% | -22.1% |
| Q4 25 | $0.03 | $0.01 | ||
| Q3 25 | $-0.03 | $-0.24 | ||
| Q2 25 | $-0.03 | $-0.27 | ||
| Q1 25 | $0.25 | $-0.30 | ||
| Q4 24 | $-0.14 | $-0.11 | ||
| Q3 24 | $-0.14 | $-0.30 | ||
| Q2 24 | $-0.08 | $-0.18 | ||
| Q1 24 | $0.00 | $-0.22 |
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 | $53.8M |
| Total DebtLower is stronger | $91.9M | $146.1M |
| Stockholders' EquityBook value | $543.5M | $-23.1M |
| Total Assets | $771.0M | $225.9M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $53.8M | ||
| Q3 25 | $301.8M | $43.5M | ||
| Q2 25 | $316.7M | $61.7M | ||
| Q1 25 | $272.0M | $67.9M | ||
| Q4 24 | $273.9M | $87.0M | ||
| Q3 24 | $410.9M | $85.0M | ||
| Q2 24 | $441.9M | $93.7M | ||
| Q1 24 | $498.4M | $97.0M |
| Q4 25 | $91.9M | $146.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $121.8M | ||
| Q4 24 | — | $121.5M | ||
| Q3 24 | — | $121.2M | ||
| Q2 24 | — | $120.9M | ||
| Q1 24 | — | $120.6M |
| Q4 25 | $543.5M | $-23.1M | ||
| Q3 25 | $537.6M | $-28.8M | ||
| Q2 25 | $538.6M | $-18.7M | ||
| Q1 25 | $540.2M | $-6.6M | ||
| Q4 24 | $514.8M | $5.5M | ||
| Q3 24 | $540.2M | $5.9M | ||
| Q2 24 | $560.7M | $19.3M | ||
| Q1 24 | $568.3M | $18.4M |
| Q4 25 | $771.0M | $225.9M | ||
| Q3 25 | $768.9M | $219.0M | ||
| Q2 25 | $775.5M | $228.8M | ||
| Q1 25 | $801.6M | $213.4M | ||
| Q4 24 | $756.4M | $232.6M | ||
| Q3 24 | $707.6M | $229.6M | ||
| Q2 24 | $753.6M | $233.8M | ||
| Q1 24 | $631.7M | $226.2M |
| Q4 25 | 0.17× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 22.00× | ||
| Q3 24 | — | 20.58× | ||
| Q2 24 | — | 6.26× | ||
| Q1 24 | — | 6.54× |
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 | $12.8M |
| Free Cash FlowOCF − Capex | — | $11.3M |
| FCF MarginFCF / Revenue | — | 12.6% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 22.01× | 98.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-45.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $12.8M | ||
| Q3 25 | $9.5M | $-14.7M | ||
| Q2 25 | $50.1M | $-24.8M | ||
| Q1 25 | $2.4M | $-15.6M | ||
| Q4 24 | $50.1M | $4.8M | ||
| Q3 24 | $-593.0K | $-5.7M | ||
| Q2 24 | $16.1M | $-6.5M | ||
| Q1 24 | $54.8M | $-10.6M |
| Q4 25 | — | $11.3M | ||
| Q3 25 | — | $-15.6M | ||
| Q2 25 | — | $-25.5M | ||
| Q1 25 | $335.0K | $-16.0M | ||
| Q4 24 | $-98.5M | $4.4M | ||
| Q3 24 | $-2.8M | $-6.0M | ||
| Q2 24 | $-126.7M | $-6.9M | ||
| Q1 24 | $54.6M | $-10.9M |
| Q4 25 | — | 12.6% | ||
| Q3 25 | — | -22.7% | ||
| Q2 25 | — | -36.7% | ||
| Q1 25 | 0.3% | -23.3% | ||
| Q4 24 | -201.8% | 5.5% | ||
| Q3 24 | -12.1% | -9.9% | ||
| Q2 24 | -490.5% | -10.4% | ||
| Q1 24 | 224.4% | -18.3% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | 1.7% | 0.5% | ||
| Q4 24 | 304.4% | 0.6% | ||
| Q3 24 | 9.6% | 0.5% | ||
| Q2 24 | 553.0% | 0.7% | ||
| Q1 24 | 1.1% | 0.4% |
| Q4 25 | 22.01× | 98.67× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
EOLS
Segment breakdown not available.
