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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Legacy Housing Corp (LEGH). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $25.5M, roughly 2.0× Legacy Housing Corp). Legacy Housing Corp runs the higher net margin — 32.2% vs 6.8%, a 25.4% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -30.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -9.1%).
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.
Legacy Housing Corp is a prominent U.S.-based manufacturer of affordable manufactured homes, tiny homes, and accessory dwelling units. It mainly caters to low- and middle-income consumers across North America, providing customizable residential solutions, supporting construction materials, and after-sales services for individual and community development clients.
ACTG vs LEGH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $25.5M |
| Net Profit | $3.4M | $8.2M |
| Gross Margin | 12.8% | 26.4% |
| Operating Margin | -26.1% | 40.4% |
| Net Margin | 6.8% | 32.2% |
| Revenue YoY | 2.6% | -30.6% |
| Net Profit YoY | 125.5% | -43.5% |
| EPS (diluted) | $0.03 | $0.38 |
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 | $25.5M | ||
| Q3 25 | $59.4M | $28.8M | ||
| Q2 25 | $51.2M | $38.4M | ||
| Q1 25 | $124.4M | $24.3M | ||
| Q4 24 | $48.8M | $36.7M | ||
| Q3 24 | $23.3M | $30.2M | ||
| Q2 24 | $25.8M | $31.7M | ||
| Q1 24 | $24.3M | $30.8M |
| Q4 25 | $3.4M | $8.2M | ||
| Q3 25 | $-2.7M | $8.6M | ||
| Q2 25 | $-3.3M | $14.7M | ||
| Q1 25 | $24.3M | $10.3M | ||
| Q4 24 | $-13.4M | $14.5M | ||
| Q3 24 | $-14.0M | $15.8M | ||
| Q2 24 | $-8.4M | $16.2M | ||
| Q1 24 | $-186.0K | $15.1M |
| Q4 25 | 12.8% | 26.4% | ||
| Q3 25 | 21.2% | 20.2% | ||
| Q2 25 | 12.8% | 32.4% | ||
| Q1 25 | 47.4% | 29.2% | ||
| Q4 24 | 17.6% | 27.3% | ||
| Q3 24 | 10.1% | 29.2% | ||
| Q2 24 | 26.2% | 31.9% | ||
| Q1 24 | 49.2% | 33.6% |
| Q4 25 | -26.1% | 40.4% | ||
| Q3 25 | -10.8% | 33.7% | ||
| Q2 25 | -24.2% | 43.8% | ||
| Q1 25 | 30.8% | 47.7% | ||
| Q4 24 | -32.4% | 42.3% | ||
| Q3 24 | -44.1% | 50.8% | ||
| Q2 24 | -18.4% | 50.6% | ||
| Q1 24 | -8.6% | 54.3% |
| Q4 25 | 6.8% | 32.2% | ||
| Q3 25 | -4.6% | 30.0% | ||
| Q2 25 | -6.4% | 38.3% | ||
| Q1 25 | 19.5% | 42.3% | ||
| Q4 24 | -27.5% | 39.5% | ||
| Q3 24 | -60.0% | 52.4% | ||
| Q2 24 | -32.7% | 51.1% | ||
| Q1 24 | -0.8% | 49.1% |
| Q4 25 | $0.03 | $0.38 | ||
| Q3 25 | $-0.03 | $0.35 | ||
| Q2 25 | $-0.03 | $0.60 | ||
| Q1 25 | $0.25 | $0.41 | ||
| Q4 24 | $-0.14 | $0.59 | ||
| Q3 24 | $-0.14 | $0.64 | ||
| Q2 24 | $-0.08 | $0.65 | ||
| Q1 24 | $0.00 | $0.60 |
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 | $8.5M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $528.6M |
| Total Assets | $771.0M | $580.3M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $8.5M | ||
| Q3 25 | $301.8M | $13.6M | ||
| Q2 25 | $316.7M | $2.6M | ||
| Q1 25 | $272.0M | $3.4M | ||
| Q4 24 | $273.9M | $1.1M | ||
| Q3 24 | $410.9M | $570.0K | ||
| Q2 24 | $441.9M | $60.0K | ||
| Q1 24 | $498.4M | $621.0K |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $528.6M | ||
| Q3 25 | $537.6M | $521.6M | ||
| Q2 25 | $538.6M | $512.8M | ||
| Q1 25 | $540.2M | $503.7M | ||
| Q4 24 | $514.8M | $494.0M | ||
| Q3 24 | $540.2M | $479.3M | ||
| Q2 24 | $560.7M | $463.2M | ||
| Q1 24 | $568.3M | $450.4M |
| Q4 25 | $771.0M | $580.3M | ||
| Q3 25 | $768.9M | $557.9M | ||
| Q2 25 | $775.5M | $552.0M | ||
| Q1 25 | $801.6M | $544.6M | ||
| Q4 24 | $756.4M | $534.2M | ||
| Q3 24 | $707.6M | $521.4M | ||
| Q2 24 | $753.6M | $514.9M | ||
| Q1 24 | $631.7M | $510.0M |
| 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 | $19.0M |
| Free Cash FlowOCF − Capex | — | $15.7M |
| FCF MarginFCF / Revenue | — | 61.6% |
| Capex IntensityCapex / Revenue | — | 13.1% |
| Cash ConversionOCF / Net Profit | 22.01× | 2.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | $28.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $19.0M | ||
| Q3 25 | $9.5M | $7.2M | ||
| Q2 25 | $50.1M | $6.1M | ||
| Q1 25 | $2.4M | $4.9M | ||
| Q4 24 | $50.1M | $7.9M | ||
| Q3 24 | $-593.0K | $13.8M | ||
| Q2 24 | $16.1M | $3.5M | ||
| Q1 24 | $54.8M | $10.8M |
| Q4 25 | — | $15.7M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | — | $3.7M | ||
| Q1 25 | $335.0K | $3.6M | ||
| Q4 24 | $-98.5M | $6.0M | ||
| Q3 24 | $-2.8M | $9.1M | ||
| Q2 24 | $-126.7M | $1.7M | ||
| Q1 24 | $54.6M | $9.9M |
| Q4 25 | — | 61.6% | ||
| Q3 25 | — | 17.8% | ||
| Q2 25 | — | 9.6% | ||
| Q1 25 | 0.3% | 15.0% | ||
| Q4 24 | -201.8% | 16.4% | ||
| Q3 24 | -12.1% | 30.2% | ||
| Q2 24 | -490.5% | 5.4% | ||
| Q1 24 | 224.4% | 32.2% |
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | 7.1% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | 1.7% | 5.2% | ||
| Q4 24 | 304.4% | 5.1% | ||
| Q3 24 | 9.6% | 15.6% | ||
| Q2 24 | 553.0% | 5.5% | ||
| Q1 24 | 1.1% | 2.8% |
| Q4 25 | 22.01× | 2.32× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | 0.10× | 0.48× | ||
| Q4 24 | — | 0.54× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.71× |
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% |
LEGH
| Commercial Sales | $8.6M | 34% |
| Retail Store Sales | $6.0M | 24% |
| Inventory Finance Sales | $5.0M | 20% |
| Direct Sales | $4.4M | 17% |
| Other | $1.5M | 6% |
