vs
Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and FTC Solar, Inc. (FTCI). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $32.9M, roughly 1.5× FTC Solar, Inc.). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -110.7%, a 117.6% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs 2.6%). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 43.6%).
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.
FTC Solar, Inc. is a leading global provider of advanced solar tracker systems, associated components, and supporting software for solar projects. It serves utility-scale, commercial, and industrial solar segments across key global markets, helping customers boost energy generation efficiency and lower overall project costs.
ACTG vs FTCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $32.9M |
| Net Profit | $3.4M | $-36.4M |
| Gross Margin | 12.8% | 14.9% |
| Operating Margin | -26.1% | -17.2% |
| Net Margin | 6.8% | -110.7% |
| Revenue YoY | 2.6% | 148.9% |
| Net Profit YoY | 125.5% | -197.4% |
| EPS (diluted) | $0.03 | $-2.31 |
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 | $32.9M | ||
| Q3 25 | $59.4M | $26.0M | ||
| Q2 25 | $51.2M | $20.0M | ||
| Q1 25 | $124.4M | $20.8M | ||
| Q4 24 | $48.8M | $13.2M | ||
| Q3 24 | $23.3M | $10.1M | ||
| Q2 24 | $25.8M | $11.4M | ||
| Q1 24 | $24.3M | $12.6M |
| Q4 25 | $3.4M | $-36.4M | ||
| Q3 25 | $-2.7M | $-23.9M | ||
| Q2 25 | $-3.3M | $-15.4M | ||
| Q1 25 | $24.3M | $-3.8M | ||
| Q4 24 | $-13.4M | $-12.2M | ||
| Q3 24 | $-14.0M | $-15.4M | ||
| Q2 24 | $-8.4M | $-12.2M | ||
| Q1 24 | $-186.0K | $-8.8M |
| Q4 25 | 12.8% | 14.9% | ||
| Q3 25 | 21.2% | 6.1% | ||
| Q2 25 | 12.8% | -19.6% | ||
| Q1 25 | 47.4% | -16.6% | ||
| Q4 24 | 17.6% | -29.1% | ||
| Q3 24 | 10.1% | -42.5% | ||
| Q2 24 | 26.2% | -20.5% | ||
| Q1 24 | 49.2% | -16.7% |
| Q4 25 | -26.1% | -17.2% | ||
| Q3 25 | -10.8% | -29.6% | ||
| Q2 25 | -24.2% | -57.5% | ||
| Q1 25 | 30.8% | -50.8% | ||
| Q4 24 | -32.4% | -101.7% | ||
| Q3 24 | -44.1% | -147.8% | ||
| Q2 24 | -18.4% | -104.3% | ||
| Q1 24 | -8.6% | -99.3% |
| Q4 25 | 6.8% | -110.7% | ||
| Q3 25 | -4.6% | -92.0% | ||
| Q2 25 | -6.4% | -77.2% | ||
| Q1 25 | 19.5% | -18.4% | ||
| Q4 24 | -27.5% | -92.7% | ||
| Q3 24 | -60.0% | -151.5% | ||
| Q2 24 | -32.7% | -107.1% | ||
| Q1 24 | -0.8% | -69.7% |
| Q4 25 | $0.03 | $-2.31 | ||
| Q3 25 | $-0.03 | $-1.61 | ||
| Q2 25 | $-0.03 | $-1.18 | ||
| Q1 25 | $0.25 | $-0.58 | ||
| Q4 24 | $-0.14 | $-0.95 | ||
| Q3 24 | $-0.14 | $-1.21 | ||
| Q2 24 | $-0.08 | $-0.97 | ||
| Q1 24 | $0.00 | $-0.70 |
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 | $21.1M |
| Total DebtLower is stronger | $91.9M | $9.9M |
| Stockholders' EquityBook value | $543.5M | $-43.0M |
| Total Assets | $771.0M | $111.8M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $21.1M | ||
| Q3 25 | $301.8M | $24.4M | ||
| Q2 25 | $316.7M | $3.5M | ||
| Q1 25 | $272.0M | $5.9M | ||
| Q4 24 | $273.9M | $11.2M | ||
| Q3 24 | $410.9M | $8.3M | ||
| Q2 24 | $441.9M | $10.8M | ||
| Q1 24 | $498.4M | $14.0M |
| Q4 25 | $91.9M | $9.9M | ||
| Q3 25 | — | $16.6M | ||
| Q2 25 | — | $10.9M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $9.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $-43.0M | ||
| Q3 25 | $537.6M | $-13.7M | ||
| Q2 25 | $538.6M | $9.0M | ||
| Q1 25 | $540.2M | $15.5M | ||
| Q4 24 | $514.8M | $19.0M | ||
| Q3 24 | $540.2M | $30.4M | ||
| Q2 24 | $560.7M | $44.2M | ||
| Q1 24 | $568.3M | $55.2M |
| Q4 25 | $771.0M | $111.8M | ||
| Q3 25 | $768.9M | $111.5M | ||
| Q2 25 | $775.5M | $83.0M | ||
| Q1 25 | $801.6M | $84.1M | ||
| Q4 24 | $756.4M | $89.9M | ||
| Q3 24 | $707.6M | $91.7M | ||
| Q2 24 | $753.6M | $100.3M | ||
| Q1 24 | $631.7M | $115.0M |
| Q4 25 | 0.17× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.50× | ||
| 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 | $-8.0M |
| Free Cash FlowOCF − Capex | — | $-8.4M |
| FCF MarginFCF / Revenue | — | -25.7% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $-8.0M | ||
| Q3 25 | $9.5M | $-14.6M | ||
| Q2 25 | $50.1M | $-2.3M | ||
| Q1 25 | $2.4M | $-8.5M | ||
| Q4 24 | $50.1M | $-16.7M | ||
| Q3 24 | $-593.0K | $-2.4M | ||
| Q2 24 | $16.1M | $-3.8M | ||
| Q1 24 | $54.8M | $-11.9M |
| Q4 25 | — | $-8.4M | ||
| Q3 25 | — | $-15.1M | ||
| Q2 25 | — | $-2.5M | ||
| Q1 25 | $335.0K | $-8.6M | ||
| Q4 24 | $-98.5M | $-17.0M | ||
| Q3 24 | $-2.8M | $-2.6M | ||
| Q2 24 | $-126.7M | $-4.5M | ||
| Q1 24 | $54.6M | $-12.3M |
| Q4 25 | — | -25.7% | ||
| Q3 25 | — | -57.9% | ||
| Q2 25 | — | -12.4% | ||
| Q1 25 | 0.3% | -41.2% | ||
| Q4 24 | -201.8% | -128.6% | ||
| Q3 24 | -12.1% | -25.6% | ||
| Q2 24 | -490.5% | -39.2% | ||
| Q1 24 | 224.4% | -97.6% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | 1.7% | 0.4% | ||
| Q4 24 | 304.4% | 2.2% | ||
| Q3 24 | 9.6% | 2.2% | ||
| Q2 24 | 553.0% | 6.1% | ||
| Q1 24 | 1.1% | 3.4% |
| 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% |
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
