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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and NACCO INDUSTRIES INC (NC). Click either name above to swap in a different company.
NACCO INDUSTRIES INC is the larger business by last-quarter revenue ($66.8M vs $50.1M, roughly 1.3× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -5.8%, a 12.6% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -5.2%). 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.
NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...
ACTG vs NC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $66.8M |
| Net Profit | $3.4M | $-3.8M |
| Gross Margin | 12.8% | 18.0% |
| Operating Margin | -26.1% | 11.3% |
| Net Margin | 6.8% | -5.8% |
| Revenue YoY | 2.6% | -5.2% |
| Net Profit YoY | 125.5% | -150.8% |
| EPS (diluted) | $0.03 | $-0.53 |
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 | $66.8M | ||
| Q3 25 | $59.4M | $76.6M | ||
| Q2 25 | $51.2M | $68.2M | ||
| Q1 25 | $124.4M | $65.6M | ||
| Q4 24 | $48.8M | $70.4M | ||
| Q3 24 | $23.3M | $61.7M | ||
| Q2 24 | $25.8M | $52.3M | ||
| Q1 24 | $24.3M | $53.3M |
| Q4 25 | $3.4M | $-3.8M | ||
| Q3 25 | $-2.7M | $13.3M | ||
| Q2 25 | $-3.3M | $3.3M | ||
| Q1 25 | $24.3M | $4.9M | ||
| Q4 24 | $-13.4M | $7.6M | ||
| Q3 24 | $-14.0M | $15.6M | ||
| Q2 24 | $-8.4M | $6.0M | ||
| Q1 24 | $-186.0K | $4.6M |
| Q4 25 | 12.8% | 18.0% | ||
| Q3 25 | 21.2% | 13.0% | ||
| Q2 25 | 12.8% | 10.0% | ||
| Q1 25 | 47.4% | 14.7% | ||
| Q4 24 | 17.6% | 12.0% | ||
| Q3 24 | 10.1% | 11.7% | ||
| Q2 24 | 26.2% | 13.4% | ||
| Q1 24 | 49.2% | 13.2% |
| Q4 25 | -26.1% | 11.3% | ||
| Q3 25 | -10.8% | 8.8% | ||
| Q2 25 | -24.2% | -0.1% | ||
| Q1 25 | 30.8% | 11.7% | ||
| Q4 24 | -32.4% | 5.5% | ||
| Q3 24 | -44.1% | 31.9% | ||
| Q2 24 | -18.4% | 14.1% | ||
| Q1 24 | -8.6% | 8.9% |
| Q4 25 | 6.8% | -5.8% | ||
| Q3 25 | -4.6% | 17.3% | ||
| Q2 25 | -6.4% | 4.8% | ||
| Q1 25 | 19.5% | 7.5% | ||
| Q4 24 | -27.5% | 10.7% | ||
| Q3 24 | -60.0% | 25.4% | ||
| Q2 24 | -32.7% | 11.4% | ||
| Q1 24 | -0.8% | 8.6% |
| Q4 25 | $0.03 | $-0.53 | ||
| Q3 25 | $-0.03 | $1.78 | ||
| Q2 25 | $-0.03 | $0.44 | ||
| Q1 25 | $0.25 | $0.66 | ||
| Q4 24 | $-0.14 | $0.99 | ||
| Q3 24 | $-0.14 | $2.14 | ||
| Q2 24 | $-0.08 | $0.81 | ||
| Q1 24 | $0.00 | $0.61 |
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 | $49.7M |
| Total DebtLower is stronger | $91.9M | $100.8M |
| Stockholders' EquityBook value | $543.5M | $429.2M |
| Total Assets | $771.0M | $661.2M |
| Debt / EquityLower = less leverage | 0.17× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $49.7M | ||
| Q3 25 | $301.8M | $52.7M | ||
| Q2 25 | $316.7M | $49.4M | ||
| Q1 25 | $272.0M | $61.9M | ||
| Q4 24 | $273.9M | $72.8M | ||
| Q3 24 | $410.9M | $63.1M | ||
| Q2 24 | $441.9M | $62.4M | ||
| Q1 24 | $498.4M | $61.8M |
| Q4 25 | $91.9M | $100.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $99.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $29.0M | ||
| Q1 24 | — | $28.4M |
| Q4 25 | $543.5M | $429.2M | ||
| Q3 25 | $537.6M | $426.4M | ||
| Q2 25 | $538.6M | $413.1M | ||
| Q1 25 | $540.2M | $409.1M | ||
| Q4 24 | $514.8M | $404.9M | ||
| Q3 24 | $540.2M | $397.3M | ||
| Q2 24 | $560.7M | $384.1M | ||
| Q1 24 | $568.3M | $381.6M |
| Q4 25 | $771.0M | $661.2M | ||
| Q3 25 | $768.9M | $637.6M | ||
| Q2 25 | $775.5M | $631.3M | ||
| Q1 25 | $801.6M | $634.2M | ||
| Q4 24 | $756.4M | $631.7M | ||
| Q3 24 | $707.6M | $597.4M | ||
| Q2 24 | $753.6M | $560.1M | ||
| Q1 24 | $631.7M | $538.0M |
| Q4 25 | 0.17× | 0.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.07× |
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 | $11.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $11.4M | ||
| Q3 25 | $9.5M | $42.3M | ||
| Q2 25 | $50.1M | $-7.8M | ||
| Q1 25 | $2.4M | $5.0M | ||
| Q4 24 | $50.1M | $25.2M | ||
| Q3 24 | $-593.0K | $2.8M | ||
| Q2 24 | $16.1M | $4.1M | ||
| Q1 24 | $54.8M | $-9.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $335.0K | — | ||
| Q4 24 | $-98.5M | — | ||
| Q3 24 | $-2.8M | — | ||
| Q2 24 | $-126.7M | — | ||
| Q1 24 | $54.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | -201.8% | — | ||
| Q3 24 | -12.1% | — | ||
| Q2 24 | -490.5% | — | ||
| Q1 24 | 224.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 304.4% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 553.0% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | 3.19× | ||
| Q2 25 | — | -2.39× | ||
| Q1 25 | 0.10× | 1.03× | ||
| Q4 24 | — | 3.33× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | -2.14× |
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% |
NC
| Transferred Over Time | $42.7M | 64% |
| Transferred At Point In Time | $24.1M | 36% |
