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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $50.1M, roughly 1.3× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs 3.7%, a 3.2% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -3.5%).
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.
West Marine is an American company based in Fort Lauderdale, Florida, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future a non profit organization. West Marine's flagship store is in Fort Lauderdale. Opened on November 11, 2011, the store is the company's largest at over 50,000 square feet.
ACTG vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $64.6M |
| Net Profit | $3.4M | $2.4M |
| Gross Margin | 12.8% | 19.6% |
| Operating Margin | -26.1% | 5.8% |
| Net Margin | 6.8% | 3.7% |
| Revenue YoY | 2.6% | 35.0% |
| Net Profit YoY | 125.5% | -44.6% |
| EPS (diluted) | $0.03 | $0.07 |
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 | $64.6M | ||
| Q3 25 | $59.4M | $53.1M | ||
| Q2 25 | $51.2M | $67.7M | ||
| Q1 25 | $124.4M | $59.0M | ||
| Q4 24 | $48.8M | $47.8M | ||
| Q3 24 | $23.3M | $49.9M | ||
| Q2 24 | $25.8M | $69.5M | ||
| Q1 24 | $24.3M | $69.3M |
| Q4 25 | $3.4M | $2.4M | ||
| Q3 25 | $-2.7M | $2.6M | ||
| Q2 25 | $-3.3M | $4.2M | ||
| Q1 25 | $24.3M | $2.2M | ||
| Q4 24 | $-13.4M | $4.3M | ||
| Q3 24 | $-14.0M | $3.4M | ||
| Q2 24 | $-8.4M | $5.6M | ||
| Q1 24 | $-186.0K | $4.6M |
| Q4 25 | 12.8% | 19.6% | ||
| Q3 25 | 21.2% | 19.2% | ||
| Q2 25 | 12.8% | 19.1% | ||
| Q1 25 | 47.4% | 18.6% | ||
| Q4 24 | 17.6% | 19.2% | ||
| Q3 24 | 10.1% | 18.4% | ||
| Q2 24 | 26.2% | 18.9% | ||
| Q1 24 | 49.2% | 20.2% |
| Q4 25 | -26.1% | 5.8% | ||
| Q3 25 | -10.8% | 5.4% | ||
| Q2 25 | -24.2% | 7.1% | ||
| Q1 25 | 30.8% | 4.4% | ||
| Q4 24 | -32.4% | 7.7% | ||
| Q3 24 | -44.1% | 7.2% | ||
| Q2 24 | -18.4% | 8.3% | ||
| Q1 24 | -8.6% | 7.6% |
| Q4 25 | 6.8% | 3.7% | ||
| Q3 25 | -4.6% | 5.0% | ||
| Q2 25 | -6.4% | 6.1% | ||
| Q1 25 | 19.5% | 3.7% | ||
| Q4 24 | -27.5% | 8.9% | ||
| Q3 24 | -60.0% | 6.8% | ||
| Q2 24 | -32.7% | 8.0% | ||
| Q1 24 | -0.8% | 6.6% |
| Q4 25 | $0.03 | $0.07 | ||
| Q3 25 | $-0.03 | $0.07 | ||
| Q2 25 | $-0.03 | $0.12 | ||
| Q1 25 | $0.25 | $0.06 | ||
| Q4 24 | $-0.14 | $0.13 | ||
| Q3 24 | $-0.14 | $0.10 | ||
| Q2 24 | $-0.08 | $0.14 | ||
| Q1 24 | $0.00 | $0.13 |
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 | — |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $125.0M |
| Total Assets | $771.0M | $147.2M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | — | ||
| Q3 25 | $301.8M | — | ||
| Q2 25 | $316.7M | — | ||
| Q1 25 | $272.0M | — | ||
| Q4 24 | $273.9M | — | ||
| Q3 24 | $410.9M | — | ||
| Q2 24 | $441.9M | — | ||
| Q1 24 | $498.4M | — |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $125.0M | ||
| Q3 25 | $537.6M | $126.3M | ||
| Q2 25 | $538.6M | $127.2M | ||
| Q1 25 | $540.2M | $126.4M | ||
| Q4 24 | $514.8M | $129.0M | ||
| Q3 24 | $540.2M | $128.8M | ||
| Q2 24 | $560.7M | $129.3M | ||
| Q1 24 | $568.3M | $151.4M |
| Q4 25 | $771.0M | $147.2M | ||
| Q3 25 | $768.9M | $179.5M | ||
| Q2 25 | $775.5M | $173.2M | ||
| Q1 25 | $801.6M | $182.9M | ||
| Q4 24 | $756.4M | $171.2M | ||
| Q3 24 | $707.6M | $176.3M | ||
| Q2 24 | $753.6M | $175.7M | ||
| Q1 24 | $631.7M | $204.0M |
| 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 | $4.7M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 6.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 22.01× | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $4.7M | ||
| Q3 25 | $9.5M | $2.6M | ||
| Q2 25 | $50.1M | $-1.6M | ||
| Q1 25 | $2.4M | $10.8M | ||
| Q4 24 | $50.1M | $4.6M | ||
| Q3 24 | $-593.0K | $5.1M | ||
| Q2 24 | $16.1M | $3.8M | ||
| Q1 24 | $54.8M | $15.9M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $-2.0M | ||
| Q1 25 | $335.0K | $10.7M | ||
| Q4 24 | $-98.5M | $3.6M | ||
| Q3 24 | $-2.8M | $3.2M | ||
| Q2 24 | $-126.7M | $3.0M | ||
| Q1 24 | $54.6M | $15.0M |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | -3.0% | ||
| Q1 25 | 0.3% | 18.1% | ||
| Q4 24 | -201.8% | 7.6% | ||
| Q3 24 | -12.1% | 6.5% | ||
| Q2 24 | -490.5% | 4.4% | ||
| Q1 24 | 224.4% | 21.7% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 304.4% | 2.1% | ||
| Q3 24 | 9.6% | 3.8% | ||
| Q2 24 | 553.0% | 1.1% | ||
| Q1 24 | 1.1% | 1.3% |
| Q4 25 | 22.01× | 2.00× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | 0.10× | 4.88× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 3.46× |
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% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
