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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
Lifeway Foods, Inc. is the larger business by last-quarter revenue ($55.4M vs $50.1M, roughly 1.1× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs 4.6%, a 2.2% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 11.4%).
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.
Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.
ACTG vs LWAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $55.4M |
| Net Profit | $3.4M | $2.5M |
| Gross Margin | 12.8% | 27.8% |
| Operating Margin | -26.1% | 6.8% |
| Net Margin | 6.8% | 4.6% |
| Revenue YoY | 2.6% | 18.0% |
| Net Profit YoY | 125.5% | 1688.1% |
| EPS (diluted) | $0.03 | $0.15 |
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 | $55.4M | ||
| Q3 25 | $59.4M | $57.1M | ||
| Q2 25 | $51.2M | $53.9M | ||
| Q1 25 | $124.4M | $46.1M | ||
| Q4 24 | $48.8M | $46.9M | ||
| Q3 24 | $23.3M | $46.1M | ||
| Q2 24 | $25.8M | $49.2M | ||
| Q1 24 | $24.3M | $44.6M |
| Q4 25 | $3.4M | $2.5M | ||
| Q3 25 | $-2.7M | $3.5M | ||
| Q2 25 | $-3.3M | $4.2M | ||
| Q1 25 | $24.3M | $3.5M | ||
| Q4 24 | $-13.4M | $-160.0K | ||
| Q3 24 | $-14.0M | $3.0M | ||
| Q2 24 | $-8.4M | $3.8M | ||
| Q1 24 | $-186.0K | $2.4M |
| Q4 25 | 12.8% | 27.8% | ||
| Q3 25 | 21.2% | 28.7% | ||
| Q2 25 | 12.8% | 28.6% | ||
| Q1 25 | 47.4% | 23.9% | ||
| Q4 24 | 17.6% | 25.3% | ||
| Q3 24 | 10.1% | 25.7% | ||
| Q2 24 | 26.2% | 27.0% | ||
| Q1 24 | 49.2% | 25.8% |
| Q4 25 | -26.1% | 6.8% | ||
| Q3 25 | -10.8% | 8.8% | ||
| Q2 25 | -24.2% | 10.8% | ||
| Q1 25 | 30.8% | 3.4% | ||
| Q4 24 | -32.4% | 1.5% | ||
| Q3 24 | -44.1% | 9.1% | ||
| Q2 24 | -18.4% | 11.0% | ||
| Q1 24 | -8.6% | 8.0% |
| Q4 25 | 6.8% | 4.6% | ||
| Q3 25 | -4.6% | 6.2% | ||
| Q2 25 | -6.4% | 7.9% | ||
| Q1 25 | 19.5% | 7.7% | ||
| Q4 24 | -27.5% | -0.3% | ||
| Q3 24 | -60.0% | 6.5% | ||
| Q2 24 | -32.7% | 7.7% | ||
| Q1 24 | -0.8% | 5.4% |
| Q4 25 | $0.03 | $0.15 | ||
| Q3 25 | $-0.03 | $0.23 | ||
| Q2 25 | $-0.03 | $0.28 | ||
| Q1 25 | $0.25 | $0.23 | ||
| Q4 24 | $-0.14 | $0.00 | ||
| Q3 24 | $-0.14 | $0.19 | ||
| Q2 24 | $-0.08 | $0.25 | ||
| Q1 24 | $0.00 | $0.16 |
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 | $5.6M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $85.8M |
| Total Assets | $771.0M | $105.6M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $5.6M | ||
| Q3 25 | $301.8M | $23.0M | ||
| Q2 25 | $316.7M | $21.2M | ||
| Q1 25 | $272.0M | $19.4M | ||
| Q4 24 | $273.9M | $16.7M | ||
| Q3 24 | $410.9M | $20.6M | ||
| Q2 24 | $441.9M | $14.6M | ||
| Q1 24 | $498.4M | $12.0M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.5M |
| Q4 25 | $543.5M | $85.8M | ||
| Q3 25 | $537.6M | $82.8M | ||
| Q2 25 | $538.6M | $78.7M | ||
| Q1 25 | $540.2M | $74.2M | ||
| Q4 24 | $514.8M | $71.9M | ||
| Q3 24 | $540.2M | $71.5M | ||
| Q2 24 | $560.7M | $68.0M | ||
| Q1 24 | $568.3M | $63.5M |
| Q4 25 | $771.0M | $105.6M | ||
| Q3 25 | $768.9M | $109.5M | ||
| Q2 25 | $775.5M | $98.3M | ||
| Q1 25 | $801.6M | $93.7M | ||
| Q4 24 | $756.4M | $90.5M | ||
| Q3 24 | $707.6M | $91.3M | ||
| Q2 24 | $753.6M | $84.9M | ||
| Q1 24 | $631.7M | $82.8M |
| Q4 25 | 0.17× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.04× |
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 | $267.0K |
| Free Cash FlowOCF − Capex | — | $-17.4M |
| FCF MarginFCF / Revenue | — | -31.5% |
| Capex IntensityCapex / Revenue | — | 31.9% |
| Cash ConversionOCF / Net Profit | 22.01× | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $267.0K | ||
| Q3 25 | $9.5M | $6.9M | ||
| Q2 25 | $50.1M | $3.9M | ||
| Q1 25 | $2.4M | $-150.0K | ||
| Q4 24 | $50.1M | $-2.6M | ||
| Q3 24 | $-593.0K | $7.5M | ||
| Q2 24 | $16.1M | $6.5M | ||
| Q1 24 | $54.8M | $1.5M |
| Q4 25 | — | $-17.4M | ||
| Q3 25 | — | $1.8M | ||
| Q2 25 | — | $1.6M | ||
| Q1 25 | $335.0K | $-2.4M | ||
| Q4 24 | $-98.5M | $-3.8M | ||
| Q3 24 | $-2.8M | $5.9M | ||
| Q2 24 | $-126.7M | $5.1M | ||
| Q1 24 | $54.6M | $-923.0K |
| Q4 25 | — | -31.5% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | 0.3% | -5.1% | ||
| Q4 24 | -201.8% | -8.2% | ||
| Q3 24 | -12.1% | 12.8% | ||
| Q2 24 | -490.5% | 10.4% | ||
| Q1 24 | 224.4% | -2.1% |
| Q4 25 | — | 31.9% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | 1.7% | 4.8% | ||
| Q4 24 | 304.4% | 2.7% | ||
| Q3 24 | 9.6% | 3.3% | ||
| Q2 24 | 553.0% | 2.9% | ||
| Q1 24 | 1.1% | 5.5% |
| Q4 25 | 22.01× | 0.11× | ||
| Q3 25 | — | 1.96× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | 0.10× | -0.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.50× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | — | 0.64× |
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% |
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
