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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $49.9M, roughly 1.0× MARAVAI LIFESCIENCES HOLDINGS, INC.). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -71.6%, a 78.4% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -11.8%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -11.9%).
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.
Maravai LifeSciences Holdings is a global life sciences firm developing critical reagents, diagnostic products, and tech solutions to support biopharma research, drug development, clinical diagnostics, and cell/gene therapy manufacturing. It serves biotech, pharma, research bodies and labs worldwide across three core segments.
ACTG vs MRVI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $49.9M |
| Net Profit | $3.4M | $-35.7M |
| Gross Margin | 12.8% | 25.8% |
| Operating Margin | -26.1% | -117.9% |
| Net Margin | 6.8% | -71.6% |
| Revenue YoY | 2.6% | -11.8% |
| Net Profit YoY | 125.5% | -37.7% |
| EPS (diluted) | $0.03 | $-0.24 |
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 | $49.9M | ||
| Q3 25 | $59.4M | $41.6M | ||
| Q2 25 | $51.2M | $47.4M | ||
| Q1 25 | $124.4M | $46.9M | ||
| Q4 24 | $48.8M | $56.6M | ||
| Q3 24 | $23.3M | $69.0M | ||
| Q2 24 | $25.8M | $69.4M | ||
| Q1 24 | $24.3M | $64.2M |
| Q4 25 | $3.4M | $-35.7M | ||
| Q3 25 | $-2.7M | $-25.6M | ||
| Q2 25 | $-3.3M | $-39.6M | ||
| Q1 25 | $24.3M | $-29.9M | ||
| Q4 24 | $-13.4M | $-25.9M | ||
| Q3 24 | $-14.0M | $-97.1M | ||
| Q2 24 | $-8.4M | $-9.8M | ||
| Q1 24 | $-186.0K | $-12.1M |
| Q4 25 | 12.8% | 25.8% | ||
| Q3 25 | 21.2% | 13.6% | ||
| Q2 25 | 12.8% | 16.4% | ||
| Q1 25 | 47.4% | 16.5% | ||
| Q4 24 | 17.6% | 34.3% | ||
| Q3 24 | 10.1% | 46.7% | ||
| Q2 24 | 26.2% | 44.4% | ||
| Q1 24 | 49.2% | 40.3% |
| Q4 25 | -26.1% | -117.9% | ||
| Q3 25 | -10.8% | -98.6% | ||
| Q2 25 | -24.2% | -139.8% | ||
| Q1 25 | 30.8% | -104.9% | ||
| Q4 24 | -32.4% | -66.7% | ||
| Q3 24 | -44.1% | -239.9% | ||
| Q2 24 | -18.4% | -19.4% | ||
| Q1 24 | -8.6% | -29.4% |
| Q4 25 | 6.8% | -71.6% | ||
| Q3 25 | -4.6% | -61.4% | ||
| Q2 25 | -6.4% | -83.5% | ||
| Q1 25 | 19.5% | -63.9% | ||
| Q4 24 | -27.5% | -45.8% | ||
| Q3 24 | -60.0% | -140.6% | ||
| Q2 24 | -32.7% | -14.1% | ||
| Q1 24 | -0.8% | -18.8% |
| Q4 25 | $0.03 | $-0.24 | ||
| Q3 25 | $-0.03 | $-0.18 | ||
| Q2 25 | $-0.03 | $-0.27 | ||
| Q1 25 | $0.25 | $-0.21 | ||
| Q4 24 | $-0.14 | $-0.21 | ||
| Q3 24 | $-0.14 | $-0.68 | ||
| Q2 24 | $-0.08 | $-0.07 | ||
| Q1 24 | $0.00 | $-0.09 |
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 | $216.9M |
| Total DebtLower is stronger | $91.9M | $291.8M |
| Stockholders' EquityBook value | $543.5M | $212.4M |
| Total Assets | $771.0M | $770.6M |
| Debt / EquityLower = less leverage | 0.17× | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $216.9M | ||
| Q3 25 | $301.8M | $243.6M | ||
| Q2 25 | $316.7M | $269.9M | ||
| Q1 25 | $272.0M | $285.1M | ||
| Q4 24 | $273.9M | $322.4M | ||
| Q3 24 | $410.9M | $578.2M | ||
| Q2 24 | $441.9M | $573.2M | ||
| Q1 24 | $498.4M | $561.7M |
| Q4 25 | $91.9M | $291.8M | ||
| Q3 25 | — | $292.8M | ||
| Q2 25 | — | $293.9M | ||
| Q1 25 | — | $294.9M | ||
| Q4 24 | — | $295.9M | ||
| Q3 24 | — | $521.7M | ||
| Q2 24 | — | $522.5M | ||
| Q1 24 | — | $523.3M |
| Q4 25 | $543.5M | $212.4M | ||
| Q3 25 | $537.6M | $245.4M | ||
| Q2 25 | $538.6M | $265.9M | ||
| Q1 25 | $540.2M | $300.6M | ||
| Q4 24 | $514.8M | $325.3M | ||
| Q3 24 | $540.2M | $344.9M | ||
| Q2 24 | $560.7M | $434.7M | ||
| Q1 24 | $568.3M | $410.7M |
| Q4 25 | $771.0M | $770.6M | ||
| Q3 25 | $768.9M | $849.2M | ||
| Q2 25 | $775.5M | $897.0M | ||
| Q1 25 | $801.6M | $959.8M | ||
| Q4 24 | $756.4M | $1.0B | ||
| Q3 24 | $707.6M | $1.3B | ||
| Q2 24 | $753.6M | $1.4B | ||
| Q1 24 | $631.7M | $1.4B |
| Q4 25 | 0.17× | 1.37× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 1.27× |
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 | $-22.8M |
| Free Cash FlowOCF − Capex | — | $-24.9M |
| FCF MarginFCF / Revenue | — | -49.9% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-70.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $-22.8M | ||
| Q3 25 | $9.5M | $-15.2M | ||
| Q2 25 | $50.1M | $-10.3M | ||
| Q1 25 | $2.4M | $-9.4M | ||
| Q4 24 | $50.1M | $-14.6M | ||
| Q3 24 | $-593.0K | $13.1M | ||
| Q2 24 | $16.1M | $17.4M | ||
| Q1 24 | $54.8M | $-8.5M |
| Q4 25 | — | $-24.9M | ||
| Q3 25 | — | $-18.1M | ||
| Q2 25 | — | $-13.1M | ||
| Q1 25 | $335.0K | $-14.6M | ||
| Q4 24 | $-98.5M | $-20.5M | ||
| Q3 24 | $-2.8M | $4.5M | ||
| Q2 24 | $-126.7M | $7.9M | ||
| Q1 24 | $54.6M | $-14.1M |
| Q4 25 | — | -49.9% | ||
| Q3 25 | — | -43.4% | ||
| Q2 25 | — | -27.7% | ||
| Q1 25 | 0.3% | -31.2% | ||
| Q4 24 | -201.8% | -36.2% | ||
| Q3 24 | -12.1% | 6.6% | ||
| Q2 24 | -490.5% | 11.4% | ||
| Q1 24 | 224.4% | -22.0% |
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | 1.7% | 11.2% | ||
| Q4 24 | 304.4% | 10.3% | ||
| Q3 24 | 9.6% | 12.4% | ||
| Q2 24 | 553.0% | 13.8% | ||
| Q1 24 | 1.1% | 8.8% |
| 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% |
MRVI
| Cygnus Segment | $27.2M | 54% |
| Other | $18.4M | 37% |
| Shipping And Handling | $4.3M | 9% |
