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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.
PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $50.1M, roughly 1.5× ACACIA RESEARCH CORP). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 31.3%).
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.
Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.
ACTG vs PBYI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $75.5M |
| Net Profit | $3.4M | — |
| Gross Margin | 12.8% | 69.3% |
| Operating Margin | -26.1% | 22.7% |
| Net Margin | 6.8% | — |
| Revenue YoY | 2.6% | 27.7% |
| Net Profit YoY | 125.5% | — |
| EPS (diluted) | $0.03 | $0.26 |
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 | $75.5M | ||
| Q3 25 | $59.4M | $54.5M | ||
| Q2 25 | $51.2M | $52.4M | ||
| Q1 25 | $124.4M | $46.0M | ||
| Q4 24 | $48.8M | $59.1M | ||
| Q3 24 | $23.3M | $80.5M | ||
| Q2 24 | $25.8M | $47.1M | ||
| Q1 24 | $24.3M | $43.8M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | $-2.7M | $8.8M | ||
| Q2 25 | $-3.3M | $5.9M | ||
| Q1 25 | $24.3M | $3.0M | ||
| Q4 24 | $-13.4M | — | ||
| Q3 24 | $-14.0M | $20.3M | ||
| Q2 24 | $-8.4M | $-4.5M | ||
| Q1 24 | $-186.0K | $-4.8M |
| Q4 25 | 12.8% | 69.3% | ||
| Q3 25 | 21.2% | 77.7% | ||
| Q2 25 | 12.8% | 76.5% | ||
| Q1 25 | 47.4% | 77.1% | ||
| Q4 24 | 17.6% | 76.4% | ||
| Q3 24 | 10.1% | 63.9% | ||
| Q2 24 | 26.2% | 77.4% | ||
| Q1 24 | 49.2% | 75.5% |
| Q4 25 | -26.1% | 22.7% | ||
| Q3 25 | -10.8% | 17.6% | ||
| Q2 25 | -24.2% | 12.7% | ||
| Q1 25 | 30.8% | 8.7% | ||
| Q4 24 | -32.4% | 22.6% | ||
| Q3 24 | -44.1% | 27.4% | ||
| Q2 24 | -18.4% | -4.6% | ||
| Q1 24 | -8.6% | -5.3% |
| Q4 25 | 6.8% | — | ||
| Q3 25 | -4.6% | 16.2% | ||
| Q2 25 | -6.4% | 11.2% | ||
| Q1 25 | 19.5% | 6.5% | ||
| Q4 24 | -27.5% | — | ||
| Q3 24 | -60.0% | 25.2% | ||
| Q2 24 | -32.7% | -9.6% | ||
| Q1 24 | -0.8% | -11.0% |
| Q4 25 | $0.03 | $0.26 | ||
| Q3 25 | $-0.03 | $0.17 | ||
| Q2 25 | $-0.03 | $0.12 | ||
| Q1 25 | $0.25 | $0.06 | ||
| Q4 24 | $-0.14 | $0.40 | ||
| Q3 24 | $-0.14 | $0.41 | ||
| Q2 24 | $-0.08 | $-0.09 | ||
| Q1 24 | $0.00 | $-0.10 |
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 | $97.5M |
| Total DebtLower is stronger | $91.9M | $22.7M |
| Stockholders' EquityBook value | $543.5M | $130.3M |
| Total Assets | $771.0M | $216.3M |
| Debt / EquityLower = less leverage | 0.17× | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $97.5M | ||
| Q3 25 | $301.8M | $94.4M | ||
| Q2 25 | $316.7M | $96.0M | ||
| Q1 25 | $272.0M | $93.2M | ||
| Q4 24 | $273.9M | $101.0M | ||
| Q3 24 | $410.9M | $96.7M | ||
| Q2 24 | $441.9M | $96.8M | ||
| Q1 24 | $498.4M | $107.2M |
| Q4 25 | $91.9M | $22.7M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $56.7M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | — | $79.3M | ||
| Q2 24 | — | $90.7M | ||
| Q1 24 | — | $102.0M |
| Q4 25 | $543.5M | $130.3M | ||
| Q3 25 | $537.6M | $115.3M | ||
| Q2 25 | $538.6M | $104.7M | ||
| Q1 25 | $540.2M | $97.1M | ||
| Q4 24 | $514.8M | $92.1M | ||
| Q3 24 | $540.2M | $71.1M | ||
| Q2 24 | $560.7M | $48.5M | ||
| Q1 24 | $568.3M | $51.0M |
| Q4 25 | $771.0M | $216.3M | ||
| Q3 25 | $768.9M | $202.9M | ||
| Q2 25 | $775.5M | $194.9M | ||
| Q1 25 | $801.6M | $196.2M | ||
| Q4 24 | $756.4M | $213.3M | ||
| Q3 24 | $707.6M | $220.7M | ||
| Q2 24 | $753.6M | $205.0M | ||
| Q1 24 | $631.7M | $214.1M |
| Q4 25 | 0.17× | 0.17× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | 2.00× |
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 | $14.4M |
| Free Cash FlowOCF − Capex | — | $14.4M |
| FCF MarginFCF / Revenue | — | 19.1% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $14.4M | ||
| Q3 25 | $9.5M | $9.7M | ||
| Q2 25 | $50.1M | $14.1M | ||
| Q1 25 | $2.4M | $3.6M | ||
| Q4 24 | $50.1M | $15.6M | ||
| Q3 24 | $-593.0K | $11.0M | ||
| Q2 24 | $16.1M | $1.0M | ||
| Q1 24 | $54.8M | $11.2M |
| Q4 25 | — | $14.4M | ||
| Q3 25 | — | $9.7M | ||
| Q2 25 | — | $14.1M | ||
| Q1 25 | $335.0K | $3.6M | ||
| Q4 24 | $-98.5M | $15.6M | ||
| Q3 24 | $-2.8M | $11.0M | ||
| Q2 24 | $-126.7M | $1.0M | ||
| Q1 24 | $54.6M | — |
| Q4 25 | — | 19.1% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 26.8% | ||
| Q1 25 | 0.3% | 7.7% | ||
| Q4 24 | -201.8% | 26.4% | ||
| Q3 24 | -12.1% | 13.7% | ||
| Q2 24 | -490.5% | 2.1% | ||
| Q1 24 | 224.4% | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | 1.7% | 0.1% | ||
| Q4 24 | 304.4% | 0.0% | ||
| Q3 24 | 9.6% | 0.0% | ||
| Q2 24 | 553.0% | 0.0% | ||
| Q1 24 | 1.1% | 0.0% |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | 0.10× | 1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.54× | ||
| 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% |
PBYI
Segment breakdown not available.
