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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and MACROGENICS INC (MGNX). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $41.2M, roughly 1.2× MACROGENICS INC). On growth, MACROGENICS INC posted the faster year-over-year revenue change (113.0% vs 2.6%). Over the past eight quarters, MACROGENICS INC's revenue compounded faster (112.8% 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.
MacroGenics Inc is a clinical-stage biopharmaceutical firm specializing in the research and development of novel immunotherapies for cancer and autoimmune disorders. Its core product pipeline centers on monoclonal antibody-based treatments, with key programs targeting solid tumors and hematological malignancies, supported by partnerships with global pharmaceutical partners.
ACTG vs MGNX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $41.2M |
| Net Profit | $3.4M | — |
| Gross Margin | 12.8% | — |
| Operating Margin | -26.1% | -29.3% |
| Net Margin | 6.8% | — |
| Revenue YoY | 2.6% | 113.0% |
| Net Profit YoY | 125.5% | — |
| EPS (diluted) | $0.03 | $-0.23 |
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 | $41.2M | ||
| Q3 25 | $59.4M | $72.8M | ||
| Q2 25 | $51.2M | $22.2M | ||
| Q1 25 | $124.4M | $13.2M | ||
| Q4 24 | $48.8M | $19.4M | ||
| Q3 24 | $23.3M | $110.7M | ||
| Q2 24 | $25.8M | $10.8M | ||
| Q1 24 | $24.3M | $9.1M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | $-2.7M | $16.8M | ||
| Q2 25 | $-3.3M | $-36.3M | ||
| Q1 25 | $24.3M | $-41.0M | ||
| Q4 24 | $-13.4M | — | ||
| Q3 24 | $-14.0M | $56.3M | ||
| Q2 24 | $-8.4M | $-55.7M | ||
| Q1 24 | $-186.0K | $-52.2M |
| Q4 25 | 12.8% | — | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 47.4% | — | ||
| Q4 24 | 17.6% | 98.8% | ||
| Q3 24 | 10.1% | 99.8% | ||
| Q2 24 | 26.2% | 98.4% | ||
| Q1 24 | 49.2% | 97.0% |
| Q4 25 | -26.1% | -29.3% | ||
| Q3 25 | -10.8% | 25.6% | ||
| Q2 25 | -24.2% | -165.3% | ||
| Q1 25 | 30.8% | -323.1% | ||
| Q4 24 | -32.4% | -273.0% | ||
| Q3 24 | -44.1% | 48.9% | ||
| Q2 24 | -18.4% | -538.9% | ||
| Q1 24 | -8.6% | -590.4% |
| Q4 25 | 6.8% | — | ||
| Q3 25 | -4.6% | 23.1% | ||
| Q2 25 | -6.4% | -163.0% | ||
| Q1 25 | 19.5% | -311.1% | ||
| Q4 24 | -27.5% | — | ||
| Q3 24 | -60.0% | 50.9% | ||
| Q2 24 | -32.7% | -515.6% | ||
| Q1 24 | -0.8% | -573.3% |
| Q4 25 | $0.03 | $-0.23 | ||
| Q3 25 | $-0.03 | $0.27 | ||
| Q2 25 | $-0.03 | $-0.57 | ||
| Q1 25 | $0.25 | $-0.65 | ||
| Q4 24 | $-0.14 | $-0.24 | ||
| Q3 24 | $-0.14 | $0.90 | ||
| Q2 24 | $-0.08 | $-0.89 | ||
| Q1 24 | $0.00 | $-0.84 |
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 | $57.2M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $55.6M |
| Total Assets | $771.0M | $256.8M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $57.2M | ||
| Q3 25 | $301.8M | $80.1M | ||
| Q2 25 | $316.7M | $130.7M | ||
| Q1 25 | $272.0M | $145.6M | ||
| Q4 24 | $273.9M | $182.8M | ||
| Q3 24 | $410.9M | $179.6M | ||
| Q2 24 | $441.9M | $83.9M | ||
| Q1 24 | $498.4M | $80.4M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $55.6M | ||
| Q3 25 | $537.6M | $67.0M | ||
| Q2 25 | $538.6M | $46.6M | ||
| Q1 25 | $540.2M | $79.1M | ||
| Q4 24 | $514.8M | $116.1M | ||
| Q3 24 | $540.2M | $120.1M | ||
| Q2 24 | $560.7M | $57.8M | ||
| Q1 24 | $568.3M | $106.2M |
| Q4 25 | $771.0M | $256.8M | ||
| Q3 25 | $768.9M | $270.8M | ||
| Q2 25 | $775.5M | $245.4M | ||
| Q1 25 | $801.6M | $224.6M | ||
| Q4 24 | $756.4M | $261.7M | ||
| Q3 24 | $707.6M | $264.5M | ||
| Q2 24 | $753.6M | $201.1M | ||
| Q1 24 | $631.7M | $248.3M |
| 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 | $43.0M |
| Free Cash FlowOCF − Capex | — | $42.8M |
| FCF MarginFCF / Revenue | — | 103.8% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-83.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $43.0M | ||
| Q3 25 | $9.5M | $-30.2M | ||
| Q2 25 | $50.1M | $-47.0M | ||
| Q1 25 | $2.4M | $-46.9M | ||
| Q4 24 | $50.1M | $-38.4M | ||
| Q3 24 | $-593.0K | $60.2M | ||
| Q2 24 | $16.1M | $-44.5M | ||
| Q1 24 | $54.8M | $-45.6M |
| Q4 25 | — | $42.8M | ||
| Q3 25 | — | $-30.6M | ||
| Q2 25 | — | $-47.7M | ||
| Q1 25 | $335.0K | $-47.4M | ||
| Q4 24 | $-98.5M | $-39.0M | ||
| Q3 24 | $-2.8M | $59.6M | ||
| Q2 24 | $-126.7M | $-45.5M | ||
| Q1 24 | $54.6M | $-47.1M |
| Q4 25 | — | 103.8% | ||
| Q3 25 | — | -42.0% | ||
| Q2 25 | — | -214.5% | ||
| Q1 25 | 0.3% | -359.5% | ||
| Q4 24 | -201.8% | -201.7% | ||
| Q3 24 | -12.1% | 53.8% | ||
| Q2 24 | -490.5% | -421.6% | ||
| Q1 24 | 224.4% | -517.4% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | 1.7% | 4.0% | ||
| Q4 24 | 304.4% | 3.2% | ||
| Q3 24 | 9.6% | 0.5% | ||
| Q2 24 | 553.0% | 9.6% | ||
| Q1 24 | 1.1% | 16.0% |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | -1.79× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.07× | ||
| 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% |
MGNX
| Revenue From Collaborative Agreements | $20.3M | 49% |
| Contract Manufacturing | $11.3M | 27% |
| Other | $9.7M | 23% |
