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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $50.1M, roughly 1.4× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs 2.0%, a 4.8% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -1.8%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -4.7%).

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.

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

ACTG vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.4× larger
RMAX
$71.1M
$50.1M
ACTG
Growing faster (revenue YoY)
ACTG
ACTG
+4.5% gap
ACTG
2.6%
-1.8%
RMAX
Higher net margin
ACTG
ACTG
4.8% more per $
ACTG
6.8%
2.0%
RMAX
Faster 2-yr revenue CAGR
ACTG
ACTG
Annualised
ACTG
43.6%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACTG
ACTG
RMAX
RMAX
Revenue
$50.1M
$71.1M
Net Profit
$3.4M
$1.4M
Gross Margin
12.8%
Operating Margin
-26.1%
13.1%
Net Margin
6.8%
2.0%
Revenue YoY
2.6%
-1.8%
Net Profit YoY
125.5%
-75.2%
EPS (diluted)
$0.03

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
RMAX
RMAX
Q4 25
$50.1M
$71.1M
Q3 25
$59.4M
$73.2M
Q2 25
$51.2M
$72.8M
Q1 25
$124.4M
$74.5M
Q4 24
$48.8M
$72.5M
Q3 24
$23.3M
$78.5M
Q2 24
$25.8M
$78.5M
Q1 24
$24.3M
$78.3M
Net Profit
ACTG
ACTG
RMAX
RMAX
Q4 25
$3.4M
$1.4M
Q3 25
$-2.7M
$4.0M
Q2 25
$-3.3M
$4.7M
Q1 25
$24.3M
$-2.0M
Q4 24
$-13.4M
$5.8M
Q3 24
$-14.0M
$966.0K
Q2 24
$-8.4M
$3.7M
Q1 24
$-186.0K
$-3.4M
Gross Margin
ACTG
ACTG
RMAX
RMAX
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
RMAX
RMAX
Q4 25
-26.1%
13.1%
Q3 25
-10.8%
25.0%
Q2 25
-24.2%
19.3%
Q1 25
30.8%
7.2%
Q4 24
-32.4%
5.9%
Q3 24
-44.1%
19.4%
Q2 24
-18.4%
20.6%
Q1 24
-8.6%
5.8%
Net Margin
ACTG
ACTG
RMAX
RMAX
Q4 25
6.8%
2.0%
Q3 25
-4.6%
5.4%
Q2 25
-6.4%
6.4%
Q1 25
19.5%
-2.6%
Q4 24
-27.5%
8.0%
Q3 24
-60.0%
1.2%
Q2 24
-32.7%
4.7%
Q1 24
-0.8%
-4.3%
EPS (diluted)
ACTG
ACTG
RMAX
RMAX
Q4 25
$0.03
Q3 25
$-0.03
Q2 25
$-0.03
Q1 25
$0.25
Q4 24
$-0.14
Q3 24
$-0.14
Q2 24
$-0.08
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
ACTG
ACTG
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$306.7M
$118.7M
Total DebtLower is stronger
$91.9M
$432.2M
Stockholders' EquityBook value
$543.5M
$452.4M
Total Assets
$771.0M
$582.5M
Debt / EquityLower = less leverage
0.17×
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACTG
ACTG
RMAX
RMAX
Q4 25
$306.7M
$118.7M
Q3 25
$301.8M
$107.5M
Q2 25
$316.7M
$94.3M
Q1 25
$272.0M
$89.1M
Q4 24
$273.9M
$96.6M
Q3 24
$410.9M
$83.8M
Q2 24
$441.9M
$66.1M
Q1 24
$498.4M
$82.1M
Total Debt
ACTG
ACTG
RMAX
RMAX
Q4 25
$91.9M
$432.2M
Q3 25
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
ACTG
ACTG
RMAX
RMAX
Q4 25
$543.5M
$452.4M
Q3 25
$537.6M
$448.1M
Q2 25
$538.6M
$442.4M
Q1 25
$540.2M
$433.5M
Q4 24
$514.8M
$429.5M
Q3 24
$540.2M
$423.1M
Q2 24
$560.7M
$418.4M
Q1 24
$568.3M
$412.0M
Total Assets
ACTG
ACTG
RMAX
RMAX
Q4 25
$771.0M
$582.5M
Q3 25
$768.9M
$582.2M
Q2 25
$775.5M
$574.8M
Q1 25
$801.6M
$571.4M
Q4 24
$756.4M
$581.6M
Q3 24
$707.6M
$578.6M
Q2 24
$753.6M
$571.4M
Q1 24
$631.7M
$566.7M
Debt / Equity
ACTG
ACTG
RMAX
RMAX
Q4 25
0.17×
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
1.07×

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
RMAX
RMAX
Operating Cash FlowLast quarter
$75.2M
$40.9M
Free Cash FlowOCF − Capex
$33.5M
FCF MarginFCF / Revenue
47.1%
Capex IntensityCapex / Revenue
10.4%
Cash ConversionOCF / Net Profit
22.01×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACTG
ACTG
RMAX
RMAX
Q4 25
$75.2M
$40.9M
Q3 25
$9.5M
$17.7M
Q2 25
$50.1M
$4.6M
Q1 25
$2.4M
$5.7M
Q4 24
$50.1M
$59.7M
Q3 24
$-593.0K
$17.6M
Q2 24
$16.1M
$15.9M
Q1 24
$54.8M
$9.4M
Free Cash Flow
ACTG
ACTG
RMAX
RMAX
Q4 25
$33.5M
Q3 25
$16.4M
Q2 25
$2.9M
Q1 25
$335.0K
$4.0M
Q4 24
$-98.5M
$53.0M
Q3 24
$-2.8M
$16.3M
Q2 24
$-126.7M
$14.0M
Q1 24
$54.6M
$6.8M
FCF Margin
ACTG
ACTG
RMAX
RMAX
Q4 25
47.1%
Q3 25
22.4%
Q2 25
4.0%
Q1 25
0.3%
5.3%
Q4 24
-201.8%
73.2%
Q3 24
-12.1%
20.8%
Q2 24
-490.5%
17.8%
Q1 24
224.4%
8.6%
Capex Intensity
ACTG
ACTG
RMAX
RMAX
Q4 25
10.4%
Q3 25
1.8%
Q2 25
2.2%
Q1 25
1.7%
2.3%
Q4 24
304.4%
9.1%
Q3 24
9.6%
1.7%
Q2 24
553.0%
2.4%
Q1 24
1.1%
3.3%
Cash Conversion
ACTG
ACTG
RMAX
RMAX
Q4 25
22.01×
28.39×
Q3 25
4.45×
Q2 25
0.97×
Q1 25
0.10×
Q4 24
10.28×
Q3 24
18.22×
Q2 24
4.29×
Q1 24

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%

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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