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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Inogen Inc (INGN). Click either name above to swap in a different company.
Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $50.1M, roughly 1.4× ACACIA RESEARCH CORP). On growth, Inogen Inc posted the faster year-over-year revenue change (3.4% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 4.2%).
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.
Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.
ACTG vs INGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $68.6M |
| Net Profit | $3.4M | — |
| Gross Margin | 12.8% | 51.4% |
| Operating Margin | -26.1% | -13.6% |
| Net Margin | 6.8% | — |
| Revenue YoY | 2.6% | 3.4% |
| Net Profit YoY | 125.5% | — |
| EPS (diluted) | $0.03 | $-0.26 |
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 | $68.6M | ||
| Q3 25 | $59.4M | $79.1M | ||
| Q2 25 | $51.2M | $79.2M | ||
| Q1 25 | $124.4M | $68.5M | ||
| Q4 24 | $48.8M | $66.3M | ||
| Q3 24 | $23.3M | $74.9M | ||
| Q2 24 | $25.8M | $74.4M | ||
| Q1 24 | $24.3M | $63.1M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | $-2.7M | $-5.3M | ||
| Q2 25 | $-3.3M | $-4.2M | ||
| Q1 25 | $24.3M | $-6.2M | ||
| Q4 24 | $-13.4M | — | ||
| Q3 24 | $-14.0M | $-6.0M | ||
| Q2 24 | $-8.4M | $-5.6M | ||
| Q1 24 | $-186.0K | $-14.6M |
| Q4 25 | 12.8% | 51.4% | ||
| Q3 25 | 21.2% | 52.2% | ||
| Q2 25 | 12.8% | 52.2% | ||
| Q1 25 | 47.4% | 53.1% | ||
| Q4 24 | 17.6% | 54.7% | ||
| Q3 24 | 10.1% | 55.2% | ||
| Q2 24 | 26.2% | 57.4% | ||
| Q1 24 | 49.2% | 54.5% |
| Q4 25 | -26.1% | -13.6% | ||
| Q3 25 | -10.8% | -9.0% | ||
| Q2 25 | -24.2% | -7.7% | ||
| Q1 25 | 30.8% | -11.2% | ||
| Q4 24 | -32.4% | -17.2% | ||
| Q3 24 | -44.1% | -10.4% | ||
| Q2 24 | -18.4% | -9.5% | ||
| Q1 24 | -8.6% | -25.8% |
| Q4 25 | 6.8% | — | ||
| Q3 25 | -4.6% | -6.7% | ||
| Q2 25 | -6.4% | -5.2% | ||
| Q1 25 | 19.5% | -9.0% | ||
| Q4 24 | -27.5% | — | ||
| Q3 24 | -60.0% | -8.0% | ||
| Q2 24 | -32.7% | -7.5% | ||
| Q1 24 | -0.8% | -23.1% |
| Q4 25 | $0.03 | $-0.26 | ||
| Q3 25 | $-0.03 | $-0.20 | ||
| Q2 25 | $-0.03 | $-0.15 | ||
| Q1 25 | $0.25 | $-0.25 | ||
| Q4 24 | $-0.14 | $-0.41 | ||
| Q3 24 | $-0.14 | $-0.25 | ||
| Q2 24 | $-0.08 | $-0.24 | ||
| Q1 24 | $0.00 | $-0.62 |
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 | $103.7M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $192.2M |
| Total Assets | $771.0M | $298.6M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $103.7M | ||
| Q3 25 | $301.8M | $106.5M | ||
| Q2 25 | $316.7M | $103.7M | ||
| Q1 25 | $272.0M | $118.9M | ||
| Q4 24 | $273.9M | $113.8M | ||
| Q3 24 | $410.9M | $105.7M | ||
| Q2 24 | $441.9M | $97.9M | ||
| Q1 24 | $498.4M | $107.4M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $192.2M | ||
| Q3 25 | $537.6M | $197.2M | ||
| Q2 25 | $538.6M | $199.5M | ||
| Q1 25 | $540.2M | $198.0M | ||
| Q4 24 | $514.8M | $173.9M | ||
| Q3 24 | $540.2M | $185.4M | ||
| Q2 24 | $560.7M | $187.6M | ||
| Q1 24 | $568.3M | $191.9M |
| Q4 25 | $771.0M | $298.6M | ||
| Q3 25 | $768.9M | $307.0M | ||
| Q2 25 | $775.5M | $312.0M | ||
| Q1 25 | $801.6M | $308.4M | ||
| Q4 24 | $756.4M | $296.2M | ||
| Q3 24 | $707.6M | $306.2M | ||
| Q2 24 | $753.6M | $308.9M | ||
| Q1 24 | $631.7M | $315.6M |
| 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 | $-943.0K |
| Free Cash FlowOCF − Capex | — | $-1.9M |
| FCF MarginFCF / Revenue | — | -2.8% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-13.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $-943.0K | ||
| Q3 25 | $9.5M | $2.2M | ||
| Q2 25 | $50.1M | $4.3M | ||
| Q1 25 | $2.4M | $-16.8M | ||
| Q4 24 | $50.1M | $-3.0M | ||
| Q3 24 | $-593.0K | $7.0M | ||
| Q2 24 | $16.1M | $6.7M | ||
| Q1 24 | $54.8M | $-4.7M |
| Q4 25 | — | $-1.9M | ||
| Q3 25 | — | $1.6M | ||
| Q2 25 | — | $3.7M | ||
| Q1 25 | $335.0K | $-17.1M | ||
| Q4 24 | $-98.5M | $-3.3M | ||
| Q3 24 | $-2.8M | $5.3M | ||
| Q2 24 | $-126.7M | $6.6M | ||
| Q1 24 | $54.6M | $-6.1M |
| Q4 25 | — | -2.8% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | 0.3% | -24.9% | ||
| Q4 24 | -201.8% | -5.0% | ||
| Q3 24 | -12.1% | 7.1% | ||
| Q2 24 | -490.5% | 8.9% | ||
| Q1 24 | 224.4% | -9.6% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | 1.7% | 0.4% | ||
| Q4 24 | 304.4% | 0.5% | ||
| Q3 24 | 9.6% | 2.2% | ||
| Q2 24 | 553.0% | 0.1% | ||
| Q1 24 | 1.1% | 2.1% |
| 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% |
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
