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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.

Plymouth Industrial REIT, Inc. is the larger business by last-quarter revenue ($51.2M vs $50.1M, roughly 1.0× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -106.3%, a 113.1% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -1.4%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 0.4%).

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.

Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.

ACTG vs PLYM — Head-to-Head

Bigger by revenue
PLYM
PLYM
1.0× larger
PLYM
$51.2M
$50.1M
ACTG
Growing faster (revenue YoY)
ACTG
ACTG
+4.0% gap
ACTG
2.6%
-1.4%
PLYM
Higher net margin
ACTG
ACTG
113.1% more per $
ACTG
6.8%
-106.3%
PLYM
Faster 2-yr revenue CAGR
ACTG
ACTG
Annualised
ACTG
43.6%
0.4%
PLYM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ACTG
ACTG
PLYM
PLYM
Revenue
$50.1M
$51.2M
Net Profit
$3.4M
$-54.4M
Gross Margin
12.8%
Operating Margin
-26.1%
-102.5%
Net Margin
6.8%
-106.3%
Revenue YoY
2.6%
-1.4%
Net Profit YoY
125.5%
-248.5%
EPS (diluted)
$0.03
$-1.23

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.

Revenue
ACTG
ACTG
PLYM
PLYM
Q4 25
$50.1M
Q3 25
$59.4M
$51.2M
Q2 25
$51.2M
$47.2M
Q1 25
$124.4M
$45.6M
Q4 24
$48.8M
$47.6M
Q3 24
$23.3M
$51.9M
Q2 24
$25.8M
$48.7M
Q1 24
$24.3M
$50.2M
Net Profit
ACTG
ACTG
PLYM
PLYM
Q4 25
$3.4M
Q3 25
$-2.7M
$-54.4M
Q2 25
$-3.3M
$-6.1M
Q1 25
$24.3M
$5.8M
Q4 24
$-13.4M
$147.4M
Q3 24
$-14.0M
$-15.6M
Q2 24
$-8.4M
$1.3M
Q1 24
$-186.0K
$6.2M
Gross Margin
ACTG
ACTG
PLYM
PLYM
Q4 25
12.8%
Q3 25
21.2%
Q2 25
12.8%
Q1 25
47.4%
Q4 24
17.6%
Q3 24
10.1%
Q2 24
26.2%
Q1 24
49.2%
Operating Margin
ACTG
ACTG
PLYM
PLYM
Q4 25
-26.1%
Q3 25
-10.8%
-102.5%
Q2 25
-24.2%
-10.3%
Q1 25
30.8%
Q4 24
-32.4%
Q3 24
-44.1%
-29.6%
Q2 24
-18.4%
2.7%
Q1 24
-8.6%
Net Margin
ACTG
ACTG
PLYM
PLYM
Q4 25
6.8%
Q3 25
-4.6%
-106.3%
Q2 25
-6.4%
-12.9%
Q1 25
19.5%
12.8%
Q4 24
-27.5%
309.9%
Q3 24
-60.0%
-30.1%
Q2 24
-32.7%
2.7%
Q1 24
-0.8%
12.4%
EPS (diluted)
ACTG
ACTG
PLYM
PLYM
Q4 25
$0.03
Q3 25
$-0.03
$-1.23
Q2 25
$-0.03
$-0.14
Q1 25
$0.25
$0.13
Q4 24
$-0.14
$3.24
Q3 24
$-0.14
$-0.35
Q2 24
$-0.08
$0.03
Q1 24
$0.00
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACTG
ACTG
PLYM
PLYM
Cash + ST InvestmentsLiquidity on hand
$306.7M
Total DebtLower is stronger
$91.9M
Stockholders' EquityBook value
$543.5M
$470.1M
Total Assets
$771.0M
$1.6B
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACTG
ACTG
PLYM
PLYM
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
Total Debt
ACTG
ACTG
PLYM
PLYM
Q4 25
$91.9M
Q3 25
Q2 25
Q1 25
Q4 24
$646.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACTG
ACTG
PLYM
PLYM
Q4 25
$543.5M
Q3 25
$537.6M
$470.1M
Q2 25
$538.6M
$539.6M
Q1 25
$540.2M
$571.0M
Q4 24
$514.8M
$579.5M
Q3 24
$540.2M
$436.5M
Q2 24
$560.7M
$475.2M
Q1 24
$568.3M
$484.6M
Total Assets
ACTG
ACTG
PLYM
PLYM
Q4 25
$771.0M
Q3 25
$768.9M
$1.6B
Q2 25
$775.5M
$1.6B
Q1 25
$801.6M
$1.4B
Q4 24
$756.4M
$1.4B
Q3 24
$707.6M
$1.5B
Q2 24
$753.6M
$1.4B
Q1 24
$631.7M
$1.4B
Debt / Equity
ACTG
ACTG
PLYM
PLYM
Q4 25
0.17×
Q3 25
Q2 25
Q1 25
Q4 24
1.12×
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
ACTG
ACTG
PLYM
PLYM
Operating Cash FlowLast quarter
$75.2M
$20.0M
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.

Operating Cash Flow
ACTG
ACTG
PLYM
PLYM
Q4 25
$75.2M
Q3 25
$9.5M
$20.0M
Q2 25
$50.1M
$23.4M
Q1 25
$2.4M
$15.6M
Q4 24
$50.1M
$96.1M
Q3 24
$-593.0K
$17.6M
Q2 24
$16.1M
$19.9M
Q1 24
$54.8M
$16.6M
Free Cash Flow
ACTG
ACTG
PLYM
PLYM
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
FCF Margin
ACTG
ACTG
PLYM
PLYM
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%
Capex Intensity
ACTG
ACTG
PLYM
PLYM
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%
Cash Conversion
ACTG
ACTG
PLYM
PLYM
Q4 25
22.01×
Q3 25
Q2 25
Q1 25
0.10×
2.67×
Q4 24
0.65×
Q3 24
Q2 24
15.12×
Q1 24
2.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACTG
ACTG

Energy Operations$16.0M32%
Transportation Safety$10.4M21%
Office Storage And Display Solutions$8.4M17%
Printers Consumables And Parts$6.5M13%
Natural Gas Reserves$5.1M10%
Natural Gas Liquids Reserves$3.3M7%

PLYM
PLYM

Segment breakdown not available.

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