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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
READING INTERNATIONAL INC is the larger business by last-quarter revenue ($50.3M vs $50.1M, roughly 1.0× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -5.1%, a 11.9% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -14.2%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 5.6%).
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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
ACTG vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $50.3M |
| Net Profit | $3.4M | $-2.6M |
| Gross Margin | 12.8% | — |
| Operating Margin | -26.1% | -1.9% |
| Net Margin | 6.8% | -5.1% |
| Revenue YoY | 2.6% | -14.2% |
| Net Profit YoY | 125.5% | -14.5% |
| EPS (diluted) | $0.03 | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $59.4M | $52.2M | ||
| Q2 25 | $51.2M | $60.4M | ||
| Q1 25 | $124.4M | $40.2M | ||
| Q4 24 | $48.8M | $58.6M | ||
| Q3 24 | $23.3M | $60.1M | ||
| Q2 24 | $25.8M | $46.8M | ||
| Q1 24 | $24.3M | $45.1M |
| Q4 25 | $3.4M | $-2.6M | ||
| Q3 25 | $-2.7M | $-4.2M | ||
| Q2 25 | $-3.3M | $-2.7M | ||
| Q1 25 | $24.3M | $-4.8M | ||
| Q4 24 | $-13.4M | $-2.2M | ||
| Q3 24 | $-14.0M | $-7.0M | ||
| Q2 24 | $-8.4M | $-12.8M | ||
| Q1 24 | $-186.0K | $-13.2M |
| 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% | — |
| Q4 25 | -26.1% | -1.9% | ||
| Q3 25 | -10.8% | -0.6% | ||
| Q2 25 | -24.2% | 4.8% | ||
| Q1 25 | 30.8% | -17.2% | ||
| Q4 24 | -32.4% | 2.6% | ||
| Q3 24 | -44.1% | -0.6% | ||
| Q2 24 | -18.4% | -16.4% | ||
| Q1 24 | -8.6% | -16.7% |
| Q4 25 | 6.8% | -5.1% | ||
| Q3 25 | -4.6% | -8.0% | ||
| Q2 25 | -6.4% | -4.4% | ||
| Q1 25 | 19.5% | -11.8% | ||
| Q4 24 | -27.5% | -3.8% | ||
| Q3 24 | -60.0% | -11.7% | ||
| Q2 24 | -32.7% | -27.4% | ||
| Q1 24 | -0.8% | -29.4% |
| Q4 25 | $0.03 | $-0.11 | ||
| Q3 25 | $-0.03 | $-0.18 | ||
| Q2 25 | $-0.03 | $-0.12 | ||
| Q1 25 | $0.25 | $-0.21 | ||
| Q4 24 | $-0.14 | $-0.11 | ||
| Q3 24 | $-0.14 | $-0.31 | ||
| Q2 24 | $-0.08 | $-0.57 | ||
| Q1 24 | $0.00 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | $91.9M | $185.1M |
| Stockholders' EquityBook value | $543.5M | $-18.2M |
| Total Assets | $771.0M | $434.9M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $10.5M | ||
| Q3 25 | $301.8M | $8.1M | ||
| Q2 25 | $316.7M | $9.1M | ||
| Q1 25 | $272.0M | $5.9M | ||
| Q4 24 | $273.9M | $12.4M | ||
| Q3 24 | $410.9M | $10.1M | ||
| Q2 24 | $441.9M | $9.3M | ||
| Q1 24 | $498.4M | $7.5M |
| Q4 25 | $91.9M | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $-18.2M | ||
| Q3 25 | $537.6M | $-12.1M | ||
| Q2 25 | $538.6M | $-7.7M | ||
| Q1 25 | $540.2M | $-8.1M | ||
| Q4 24 | $514.8M | $-4.4M | ||
| Q3 24 | $540.2M | $1.6M | ||
| Q2 24 | $560.7M | $6.5M | ||
| Q1 24 | $568.3M | $18.0M |
| Q4 25 | $771.0M | $434.9M | ||
| Q3 25 | $768.9M | $435.2M | ||
| Q2 25 | $775.5M | $438.1M | ||
| Q1 25 | $801.6M | $441.0M | ||
| Q4 24 | $756.4M | $471.0M | ||
| Q3 24 | $707.6M | $495.7M | ||
| Q2 24 | $753.6M | $494.9M | ||
| Q1 24 | $631.7M | $494.9M |
| 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 | $4.3M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $4.3M | ||
| Q3 25 | $9.5M | $295.0K | ||
| Q2 25 | $50.1M | $1.6M | ||
| Q1 25 | $2.4M | $-7.7M | ||
| Q4 24 | $50.1M | $8.0M | ||
| Q3 24 | $-593.0K | $1.3M | ||
| Q2 24 | $16.1M | $-10.4M | ||
| Q1 24 | $54.8M | $-2.8M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | $335.0K | $-8.0M | ||
| Q4 24 | $-98.5M | $7.0M | ||
| Q3 24 | $-2.8M | $-1.1M | ||
| Q2 24 | $-126.7M | $-10.6M | ||
| Q1 24 | $54.6M | $-4.7M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | 0.3% | -19.8% | ||
| Q4 24 | -201.8% | 12.0% | ||
| Q3 24 | -12.1% | -1.8% | ||
| Q2 24 | -490.5% | -22.7% | ||
| Q1 24 | 224.4% | -10.4% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 1.7% | 0.6% | ||
| Q4 24 | 304.4% | 1.7% | ||
| Q3 24 | 9.6% | 4.0% | ||
| Q2 24 | 553.0% | 0.5% | ||
| Q1 24 | 1.1% | 4.3% |
| 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% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
