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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and ESTABLISHMENT LABS HOLDINGS INC. (ESTA). Click either name above to swap in a different company.
ESTABLISHMENT LABS HOLDINGS INC. is the larger business by last-quarter revenue ($64.6M vs $50.1M, roughly 1.3× ACACIA RESEARCH CORP). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 31.9%).
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.
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
ACTG vs ESTA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $64.6M |
| Net Profit | $3.4M | — |
| Gross Margin | 12.8% | 70.5% |
| Operating Margin | -26.1% | -6.1% |
| Net Margin | 6.8% | — |
| Revenue YoY | 2.6% | 45.2% |
| Net Profit YoY | 125.5% | — |
| EPS (diluted) | $0.03 | $-0.07 |
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 | $64.6M | ||
| Q3 25 | $59.4M | $53.8M | ||
| Q2 25 | $51.2M | $51.3M | ||
| Q1 25 | $124.4M | $41.4M | ||
| Q4 24 | $48.8M | $44.5M | ||
| Q3 24 | $23.3M | $40.2M | ||
| Q2 24 | $25.8M | $44.1M | ||
| Q1 24 | $24.3M | $37.2M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | $-2.7M | $-11.1M | ||
| Q2 25 | $-3.3M | $-16.6M | ||
| Q1 25 | $24.3M | $-20.7M | ||
| Q4 24 | $-13.4M | — | ||
| Q3 24 | $-14.0M | $-16.7M | ||
| Q2 24 | $-8.4M | $-17.2M | ||
| Q1 24 | $-186.0K | $-16.2M |
| Q4 25 | 12.8% | 70.5% | ||
| Q3 25 | 21.2% | 70.1% | ||
| Q2 25 | 12.8% | 68.8% | ||
| Q1 25 | 47.4% | 67.2% | ||
| Q4 24 | 17.6% | 68.5% | ||
| Q3 24 | 10.1% | 63.9% | ||
| Q2 24 | 26.2% | 65.6% | ||
| Q1 24 | 49.2% | 65.6% |
| Q4 25 | -26.1% | -6.1% | ||
| Q3 25 | -10.8% | -7.5% | ||
| Q2 25 | -24.2% | -27.5% | ||
| Q1 25 | 30.8% | -41.0% | ||
| Q4 24 | -32.4% | -41.9% | ||
| Q3 24 | -44.1% | -32.7% | ||
| Q2 24 | -18.4% | -21.2% | ||
| Q1 24 | -8.6% | -23.8% |
| Q4 25 | 6.8% | — | ||
| Q3 25 | -4.6% | -20.7% | ||
| Q2 25 | -6.4% | -32.3% | ||
| Q1 25 | 19.5% | -50.1% | ||
| Q4 24 | -27.5% | — | ||
| Q3 24 | -60.0% | -41.5% | ||
| Q2 24 | -32.7% | -38.9% | ||
| Q1 24 | -0.8% | -43.6% |
| Q4 25 | $0.03 | $-0.07 | ||
| Q3 25 | $-0.03 | $-0.38 | ||
| Q2 25 | $-0.03 | $-0.57 | ||
| Q1 25 | $0.25 | $-0.70 | ||
| Q4 24 | $-0.14 | $-1.21 | ||
| Q3 24 | $-0.14 | $-0.59 | ||
| Q2 24 | $-0.08 | $-0.62 | ||
| Q1 24 | $0.00 | $-0.58 |
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 | $75.6M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $23.5M |
| Total Assets | $771.0M | $357.2M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $75.6M | ||
| Q3 25 | $301.8M | $70.6M | ||
| Q2 25 | $316.7M | $54.6M | ||
| Q1 25 | $272.0M | $69.2M | ||
| Q4 24 | $273.9M | $90.3M | ||
| Q3 24 | $410.9M | — | ||
| Q2 24 | $441.9M | — | ||
| Q1 24 | $498.4M | — |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $23.5M | ||
| Q3 25 | $537.6M | $16.4M | ||
| Q2 25 | $538.6M | $22.8M | ||
| Q1 25 | $540.2M | $38.5M | ||
| Q4 24 | $514.8M | $53.1M | ||
| Q3 24 | $540.2M | $32.7M | ||
| Q2 24 | $560.7M | $45.0M | ||
| Q1 24 | $568.3M | $56.9M |
| Q4 25 | $771.0M | $357.2M | ||
| Q3 25 | $768.9M | $338.9M | ||
| Q2 25 | $775.5M | $329.7M | ||
| Q1 25 | $801.6M | $333.4M | ||
| Q4 24 | $756.4M | $346.8M | ||
| Q3 24 | $707.6M | $282.7M | ||
| Q2 24 | $753.6M | $285.1M | ||
| Q1 24 | $631.7M | $301.8M |
| Q4 25 | 0.17× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| 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 | $-162.0K |
| Free Cash FlowOCF − Capex | — | $-2.0M |
| FCF MarginFCF / Revenue | — | -3.1% |
| Capex IntensityCapex / Revenue | — | 2.8% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-56.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $-162.0K | ||
| Q3 25 | $9.5M | $-11.3M | ||
| Q2 25 | $50.1M | $-18.8M | ||
| Q1 25 | $2.4M | $-20.7M | ||
| Q4 24 | $50.1M | $-20.7M | ||
| Q3 24 | $-593.0K | $-12.5M | ||
| Q2 24 | $16.1M | $-14.2M | ||
| Q1 24 | $54.8M | $-11.2M |
| Q4 25 | — | $-2.0M | ||
| Q3 25 | — | $-13.1M | ||
| Q2 25 | — | $-20.4M | ||
| Q1 25 | $335.0K | $-21.5M | ||
| Q4 24 | $-98.5M | $-21.3M | ||
| Q3 24 | $-2.8M | $-13.9M | ||
| Q2 24 | $-126.7M | $-15.0M | ||
| Q1 24 | $54.6M | $-14.5M |
| Q4 25 | — | -3.1% | ||
| Q3 25 | — | -24.4% | ||
| Q2 25 | — | -39.7% | ||
| Q1 25 | 0.3% | -51.9% | ||
| Q4 24 | -201.8% | -47.8% | ||
| Q3 24 | -12.1% | -34.6% | ||
| Q2 24 | -490.5% | -33.9% | ||
| Q1 24 | 224.4% | -38.9% |
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | 1.7% | 1.8% | ||
| Q4 24 | 304.4% | 1.2% | ||
| Q3 24 | 9.6% | 3.7% | ||
| Q2 24 | 553.0% | 1.8% | ||
| Q1 24 | 1.1% | 8.9% |
| Q4 25 | 22.01× | — | ||
| 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% |
ESTA
Segment breakdown not available.
