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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and PETMED EXPRESS INC (PETS). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $40.7M, roughly 1.2× PETMED EXPRESS INC). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -26.0%, a 32.8% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -23.3%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -20.9%).
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.
PetMed Express, Inc., also known as PetMeds, is an online pet pharmacy based in the United States. It is publicly traded and sells prescription and non-prescription pet medication.
ACTG vs PETS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $40.7M |
| Net Profit | $3.4M | $-10.6M |
| Gross Margin | 12.8% | 23.3% |
| Operating Margin | -26.1% | -25.7% |
| Net Margin | 6.8% | -26.0% |
| Revenue YoY | 2.6% | -23.3% |
| Net Profit YoY | 125.5% | -1392.6% |
| EPS (diluted) | $0.03 | $-0.50 |
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 | $40.7M | ||
| Q3 25 | $59.4M | $44.4M | ||
| Q2 25 | $51.2M | $51.2M | ||
| Q1 25 | $124.4M | $50.8M | ||
| Q4 24 | $48.8M | $52.0M | ||
| Q3 24 | $23.3M | $58.0M | ||
| Q2 24 | $25.8M | $66.2M | ||
| Q1 24 | $24.3M | $65.1M |
| Q4 25 | $3.4M | $-10.6M | ||
| Q3 25 | $-2.7M | $-8.5M | ||
| Q2 25 | $-3.3M | $-34.2M | ||
| Q1 25 | $24.3M | $-11.6M | ||
| Q4 24 | $-13.4M | $-707.0K | ||
| Q3 24 | $-14.0M | $2.3M | ||
| Q2 24 | $-8.4M | $3.8M | ||
| Q1 24 | $-186.0K | $-5.0M |
| Q4 25 | 12.8% | 23.3% | ||
| Q3 25 | 21.2% | 28.0% | ||
| Q2 25 | 12.8% | 28.1% | ||
| Q1 25 | 47.4% | 29.9% | ||
| Q4 24 | 17.6% | 31.0% | ||
| Q3 24 | 10.1% | 32.3% | ||
| Q2 24 | 26.2% | 28.8% | ||
| Q1 24 | 49.2% | 29.3% |
| Q4 25 | -26.1% | -25.7% | ||
| Q3 25 | -10.8% | -18.9% | ||
| Q2 25 | -24.2% | -66.7% | ||
| Q1 25 | 30.8% | -11.9% | ||
| Q4 24 | -32.4% | -0.9% | ||
| Q3 24 | -44.1% | 1.0% | ||
| Q2 24 | -18.4% | 6.6% | ||
| Q1 24 | -8.6% | -5.9% |
| Q4 25 | 6.8% | -26.0% | ||
| Q3 25 | -4.6% | -19.2% | ||
| Q2 25 | -6.4% | -66.7% | ||
| Q1 25 | 19.5% | -22.9% | ||
| Q4 24 | -27.5% | -1.4% | ||
| Q3 24 | -60.0% | 4.0% | ||
| Q2 24 | -32.7% | 5.7% | ||
| Q1 24 | -0.8% | -7.7% |
| Q4 25 | $0.03 | $-0.50 | ||
| Q3 25 | $-0.03 | $-0.41 | ||
| Q2 25 | $-0.03 | $-1.65 | ||
| Q1 25 | $0.25 | $-0.56 | ||
| Q4 24 | $-0.14 | $-0.03 | ||
| Q3 24 | $-0.14 | $0.11 | ||
| Q2 24 | $-0.08 | $0.18 | ||
| Q1 24 | $0.00 | $-0.24 |
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 | $26.9M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $32.8M |
| Total Assets | $771.0M | $88.0M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $26.9M | ||
| Q3 25 | $301.8M | $36.1M | ||
| Q2 25 | $316.7M | $41.1M | ||
| Q1 25 | $272.0M | $54.7M | ||
| Q4 24 | $273.9M | $50.1M | ||
| Q3 24 | $410.9M | $52.0M | ||
| Q2 24 | $441.9M | $46.0M | ||
| Q1 24 | $498.4M | $55.3M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $32.8M | ||
| Q3 25 | $537.6M | $43.1M | ||
| Q2 25 | $538.6M | $51.5M | ||
| Q1 25 | $540.2M | $85.1M | ||
| Q4 24 | $514.8M | $96.2M | ||
| Q3 24 | $540.2M | $96.4M | ||
| Q2 24 | $560.7M | $93.5M | ||
| Q1 24 | $568.3M | $96.7M |
| Q4 25 | $771.0M | $88.0M | ||
| Q3 25 | $768.9M | $100.3M | ||
| Q2 25 | $775.5M | $109.8M | ||
| Q1 25 | $801.6M | $148.7M | ||
| Q4 24 | $756.4M | $144.8M | ||
| Q3 24 | $707.6M | $146.0M | ||
| Q2 24 | $753.6M | $152.7M | ||
| Q1 24 | $631.7M | $169.9M |
| 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 | $-9.2M |
| Free Cash FlowOCF − Capex | — | $-9.2M |
| FCF MarginFCF / Revenue | — | -22.7% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $-9.2M | ||
| Q3 25 | $9.5M | $-2.2M | ||
| Q2 25 | $50.1M | $-12.3M | ||
| Q1 25 | $2.4M | $7.0M | ||
| Q4 24 | $50.1M | $-1.2M | ||
| Q3 24 | $-593.0K | $7.4M | ||
| Q2 24 | $16.1M | $-8.5M | ||
| Q1 24 | $54.8M | $7.1M |
| Q4 25 | — | $-9.2M | ||
| Q3 25 | — | $-4.8M | ||
| Q2 25 | — | $-13.6M | ||
| Q1 25 | $335.0K | $4.6M | ||
| Q4 24 | $-98.5M | $-1.9M | ||
| Q3 24 | $-2.8M | $6.1M | ||
| Q2 24 | $-126.7M | $-9.2M | ||
| Q1 24 | $54.6M | $5.9M |
| Q4 25 | — | -22.7% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | — | -26.5% | ||
| Q1 25 | 0.3% | 9.1% | ||
| Q4 24 | -201.8% | -3.7% | ||
| Q3 24 | -12.1% | 10.6% | ||
| Q2 24 | -490.5% | -13.9% | ||
| Q1 24 | 224.4% | 9.0% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | 1.7% | 4.7% | ||
| Q4 24 | 304.4% | 1.5% | ||
| Q3 24 | 9.6% | 2.2% | ||
| Q2 24 | 553.0% | 1.0% | ||
| Q1 24 | 1.1% | 1.9% |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | — | -2.27× | ||
| 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% |
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
