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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and FGI Industries Ltd. (FGI). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $30.5M, roughly 1.6× FGI Industries Ltd.). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -8.6%, a 15.4% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -14.4%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -0.5%).
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.
FGI Industries Ltd is a global designer, manufacturer and distributor of kitchen and bath products, home organization solutions, and home improvement goods. It serves major retail chains, home specialty stores and e-commerce platforms across North America, Europe and the Asia-Pacific region.
ACTG vs FGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $30.5M |
| Net Profit | $3.4M | $-2.6M |
| Gross Margin | 12.8% | 26.7% |
| Operating Margin | -26.1% | -2.2% |
| Net Margin | 6.8% | -8.6% |
| Revenue YoY | 2.6% | -14.4% |
| Net Profit YoY | 125.5% | -553.1% |
| EPS (diluted) | $0.03 | $-1.63 |
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 | $30.5M | ||
| Q3 25 | $59.4M | $35.8M | ||
| Q2 25 | $51.2M | $31.0M | ||
| Q1 25 | $124.4M | $33.2M | ||
| Q4 24 | $48.8M | $35.6M | ||
| Q3 24 | $23.3M | $36.1M | ||
| Q2 24 | $25.8M | $29.4M | ||
| Q1 24 | $24.3M | $30.8M |
| Q4 25 | $3.4M | $-2.6M | ||
| Q3 25 | $-2.7M | $-1.7M | ||
| Q2 25 | $-3.3M | $-1.2M | ||
| Q1 25 | $24.3M | $-629.1K | ||
| Q4 24 | $-13.4M | $-402.3K | ||
| Q3 24 | $-14.0M | $-550.1K | ||
| Q2 24 | $-8.4M | $163.6K | ||
| Q1 24 | $-186.0K | $-412.2K |
| Q4 25 | 12.8% | 26.7% | ||
| Q3 25 | 21.2% | 26.5% | ||
| Q2 25 | 12.8% | 28.1% | ||
| Q1 25 | 47.4% | 26.8% | ||
| Q4 24 | 17.6% | 24.6% | ||
| Q3 24 | 10.1% | 25.8% | ||
| Q2 24 | 26.2% | 30.5% | ||
| Q1 24 | 49.2% | 27.4% |
| Q4 25 | -26.1% | -2.2% | ||
| Q3 25 | -10.8% | 1.0% | ||
| Q2 25 | -24.2% | -2.7% | ||
| Q1 25 | 30.8% | -3.9% | ||
| Q4 24 | -32.4% | -3.5% | ||
| Q3 24 | -44.1% | -0.2% | ||
| Q2 24 | -18.4% | -1.5% | ||
| Q1 24 | -8.6% | -1.0% |
| Q4 25 | 6.8% | -8.6% | ||
| Q3 25 | -4.6% | -4.6% | ||
| Q2 25 | -6.4% | -4.0% | ||
| Q1 25 | 19.5% | -1.9% | ||
| Q4 24 | -27.5% | -1.1% | ||
| Q3 24 | -60.0% | -1.5% | ||
| Q2 24 | -32.7% | 0.6% | ||
| Q1 24 | -0.8% | -1.3% |
| Q4 25 | $0.03 | $-1.63 | ||
| Q3 25 | $-0.03 | $-0.86 | ||
| Q2 25 | $-0.03 | $-0.64 | ||
| Q1 25 | $0.25 | $-0.07 | ||
| Q4 24 | $-0.14 | $-0.38 | ||
| Q3 24 | $-0.14 | $-0.29 | ||
| Q2 24 | $-0.08 | $0.08 | ||
| Q1 24 | $0.00 | $-0.04 |
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 | $1.9M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $17.3M |
| Total Assets | $771.0M | $69.5M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $1.9M | ||
| Q3 25 | $301.8M | $1.9M | ||
| Q2 25 | $316.7M | $2.5M | ||
| Q1 25 | $272.0M | $1.2M | ||
| Q4 24 | $273.9M | $4.6M | ||
| Q3 24 | $410.9M | $3.0M | ||
| Q2 24 | $441.9M | $1.3M | ||
| Q1 24 | $498.4M | $3.3M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $17.3M | ||
| Q3 25 | $537.6M | $19.7M | ||
| Q2 25 | $538.6M | $21.3M | ||
| Q1 25 | $540.2M | $21.8M | ||
| Q4 24 | $514.8M | $22.3M | ||
| Q3 24 | $540.2M | $23.5M | ||
| Q2 24 | $560.7M | $23.8M | ||
| Q1 24 | $568.3M | $23.9M |
| Q4 25 | $771.0M | $69.5M | ||
| Q3 25 | $768.9M | $73.0M | ||
| Q2 25 | $775.5M | $71.7M | ||
| Q1 25 | $801.6M | $68.5M | ||
| Q4 24 | $756.4M | $75.5M | ||
| Q3 24 | $707.6M | $74.7M | ||
| Q2 24 | $753.6M | $69.9M | ||
| Q1 24 | $631.7M | $68.6M |
| 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 | $75.2M | $2.3M |
| Free Cash FlowOCF − Capex | — | $2.3M |
| FCF MarginFCF / Revenue | — | 7.5% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-212.5K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $2.3M | ||
| Q3 25 | $9.5M | $-1.9M | ||
| Q2 25 | $50.1M | $7.6M | ||
| Q1 25 | $2.4M | $-7.4M | ||
| Q4 24 | $50.1M | $617.4K | ||
| Q3 24 | $-593.0K | $-915.0K | ||
| Q2 24 | $16.1M | $862.1K | ||
| Q1 24 | $54.8M | $-8.0M |
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $7.4M | ||
| Q1 25 | $335.0K | $-7.7M | ||
| Q4 24 | $-98.5M | $-214.1K | ||
| Q3 24 | $-2.8M | $-1.1M | ||
| Q2 24 | $-126.7M | $281.5K | ||
| Q1 24 | $54.6M | $-8.6M |
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | -5.9% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | 0.3% | -23.3% | ||
| Q4 24 | -201.8% | -0.6% | ||
| Q3 24 | -12.1% | -3.0% | ||
| Q2 24 | -490.5% | 1.0% | ||
| Q1 24 | 224.4% | -28.0% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | 1.7% | 1.1% | ||
| Q4 24 | 304.4% | 2.3% | ||
| Q3 24 | 9.6% | 0.5% | ||
| Q2 24 | 553.0% | 2.0% | ||
| Q1 24 | 1.1% | 2.0% |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.27× | ||
| 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% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
