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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and GLADSTONE COMMERCIAL CORP (GOOD). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $43.5M, roughly 1.2× GLADSTONE COMMERCIAL CORP). GLADSTONE COMMERCIAL CORP runs the higher net margin — 12.4% vs 6.8%, a 5.6% gap on every dollar of revenue. On growth, GLADSTONE COMMERCIAL CORP posted the faster year-over-year revenue change (16.3% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 10.3%).
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.
Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.
ACTG vs GOOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $43.5M |
| Net Profit | $3.4M | $5.4M |
| Gross Margin | 12.8% | — |
| Operating Margin | -26.1% | — |
| Net Margin | 6.8% | 12.4% |
| Revenue YoY | 2.6% | 16.3% |
| Net Profit YoY | 125.5% | -25.1% |
| EPS (diluted) | $0.03 | $0.05 |
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 | $43.5M | ||
| Q3 25 | $59.4M | $40.8M | ||
| Q2 25 | $51.2M | $39.5M | ||
| Q1 25 | $124.4M | $37.5M | ||
| Q4 24 | $48.8M | $37.4M | ||
| Q3 24 | $23.3M | $39.2M | ||
| Q2 24 | $25.8M | $37.1M | ||
| Q1 24 | $24.3M | $35.7M |
| Q4 25 | $3.4M | $5.4M | ||
| Q3 25 | $-2.7M | $4.1M | ||
| Q2 25 | $-3.3M | $4.6M | ||
| Q1 25 | $24.3M | $5.1M | ||
| Q4 24 | $-13.4M | $7.2M | ||
| Q3 24 | $-14.0M | $11.7M | ||
| Q2 24 | $-8.4M | $1.6M | ||
| Q1 24 | $-186.0K | $3.5M |
| Q4 25 | 12.8% | — | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 47.4% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 26.2% | — | ||
| Q1 24 | 49.2% | — |
| Q4 25 | -26.1% | — | ||
| Q3 25 | -10.8% | — | ||
| Q2 25 | -24.2% | — | ||
| Q1 25 | 30.8% | — | ||
| Q4 24 | -32.4% | — | ||
| Q3 24 | -44.1% | — | ||
| Q2 24 | -18.4% | — | ||
| Q1 24 | -8.6% | — |
| Q4 25 | 6.8% | 12.4% | ||
| Q3 25 | -4.6% | 10.1% | ||
| Q2 25 | -6.4% | 11.7% | ||
| Q1 25 | 19.5% | 13.7% | ||
| Q4 24 | -27.5% | 19.2% | ||
| Q3 24 | -60.0% | 29.8% | ||
| Q2 24 | -32.7% | 4.3% | ||
| Q1 24 | -0.8% | 9.9% |
| Q4 25 | $0.03 | $0.05 | ||
| Q3 25 | $-0.03 | $0.02 | ||
| Q2 25 | $-0.03 | $0.03 | ||
| Q1 25 | $0.25 | $0.04 | ||
| Q4 24 | $-0.14 | $0.10 | ||
| Q3 24 | $-0.14 | $0.20 | ||
| Q2 24 | $-0.08 | $-0.04 | ||
| Q1 24 | $0.00 | $0.01 |
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 | $10.8M |
| Total DebtLower is stronger | $91.9M | $843.5M |
| Stockholders' EquityBook value | $543.5M | $171.8M |
| Total Assets | $771.0M | $1.2B |
| Debt / EquityLower = less leverage | 0.17× | 4.91× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $10.8M | ||
| Q3 25 | $301.8M | $18.4M | ||
| Q2 25 | $316.7M | $11.7M | ||
| Q1 25 | $272.0M | $10.4M | ||
| Q4 24 | $273.9M | $11.0M | ||
| Q3 24 | $410.9M | $10.5M | ||
| Q2 24 | $441.9M | $10.4M | ||
| Q1 24 | $498.4M | $10.5M |
| Q4 25 | $91.9M | $843.5M | ||
| Q3 25 | — | $843.3M | ||
| Q2 25 | — | $794.4M | ||
| Q1 25 | — | $740.7M | ||
| Q4 24 | — | $693.4M | ||
| Q3 24 | — | $692.6M | ||
| Q2 24 | — | $722.5M | ||
| Q1 24 | — | $719.4M |
| Q4 25 | $543.5M | $171.8M | ||
| Q3 25 | $537.6M | $184.8M | ||
| Q2 25 | $538.6M | $177.2M | ||
| Q1 25 | $540.2M | $183.2M | ||
| Q4 24 | $514.8M | $171.2M | ||
| Q3 24 | $540.2M | $168.9M | ||
| Q2 24 | $560.7M | $145.7M | ||
| Q1 24 | $568.3M | $147.3M |
| Q4 25 | $771.0M | $1.2B | ||
| Q3 25 | $768.9M | $1.3B | ||
| Q2 25 | $775.5M | $1.2B | ||
| Q1 25 | $801.6M | $1.2B | ||
| Q4 24 | $756.4M | $1.1B | ||
| Q3 24 | $707.6M | $1.1B | ||
| Q2 24 | $753.6M | $1.1B | ||
| Q1 24 | $631.7M | $1.1B |
| Q4 25 | 0.17× | 4.91× | ||
| Q3 25 | — | 4.56× | ||
| Q2 25 | — | 4.48× | ||
| Q1 25 | — | 4.04× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | — | 4.10× | ||
| Q2 24 | — | 4.96× | ||
| Q1 24 | — | 4.88× |
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 | $88.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 22.01× | 16.38× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $88.2M | ||
| Q3 25 | $9.5M | $18.9M | ||
| Q2 25 | $50.1M | $35.8M | ||
| Q1 25 | $2.4M | $17.7M | ||
| Q4 24 | $50.1M | $57.0M | ||
| Q3 24 | $-593.0K | $5.5M | ||
| Q2 24 | $16.1M | $13.6M | ||
| Q1 24 | $54.8M | $15.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $335.0K | — | ||
| Q4 24 | $-98.5M | — | ||
| Q3 24 | $-2.8M | — | ||
| Q2 24 | $-126.7M | — | ||
| Q1 24 | $54.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | -201.8% | — | ||
| Q3 24 | -12.1% | — | ||
| Q2 24 | -490.5% | — | ||
| Q1 24 | 224.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 304.4% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 553.0% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 22.01× | 16.38× | ||
| Q3 25 | — | 4.57× | ||
| Q2 25 | — | 7.74× | ||
| Q1 25 | 0.10× | 3.44× | ||
| Q4 24 | — | 7.93× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 8.44× | ||
| Q1 24 | — | 4.26× |
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% |
GOOD
Segment breakdown not available.
