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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $39.4M, roughly 1.3× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs 6.8%, a 48.1% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs 1.1%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 14.1%).
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.
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
ACTG vs SD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $39.4M |
| Net Profit | $3.4M | $21.6M |
| Gross Margin | 12.8% | — |
| Operating Margin | -26.1% | 38.5% |
| Net Margin | 6.8% | 54.9% |
| Revenue YoY | 2.6% | 1.1% |
| Net Profit YoY | 125.5% | 23.1% |
| EPS (diluted) | $0.03 | $0.59 |
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 | $39.4M | ||
| Q3 25 | $59.4M | $39.8M | ||
| Q2 25 | $51.2M | $34.5M | ||
| Q1 25 | $124.4M | $42.6M | ||
| Q4 24 | $48.8M | $39.0M | ||
| Q3 24 | $23.3M | $30.1M | ||
| Q2 24 | $25.8M | $26.0M | ||
| Q1 24 | $24.3M | $30.3M |
| Q4 25 | $3.4M | $21.6M | ||
| Q3 25 | $-2.7M | $16.0M | ||
| Q2 25 | $-3.3M | $19.6M | ||
| Q1 25 | $24.3M | $13.0M | ||
| Q4 24 | $-13.4M | $17.6M | ||
| Q3 24 | $-14.0M | $25.5M | ||
| Q2 24 | $-8.4M | $8.8M | ||
| Q1 24 | $-186.0K | $11.1M |
| 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% | 38.5% | ||
| Q3 25 | -10.8% | 37.8% | ||
| Q2 25 | -24.2% | 53.7% | ||
| Q1 25 | 30.8% | 28.6% | ||
| Q4 24 | -32.4% | 25.9% | ||
| Q3 24 | -44.1% | 28.3% | ||
| Q2 24 | -18.4% | 23.9% | ||
| Q1 24 | -8.6% | 27.8% |
| Q4 25 | 6.8% | 54.9% | ||
| Q3 25 | -4.6% | 40.1% | ||
| Q2 25 | -6.4% | 56.6% | ||
| Q1 25 | 19.5% | 30.6% | ||
| Q4 24 | -27.5% | 45.1% | ||
| Q3 24 | -60.0% | 84.8% | ||
| Q2 24 | -32.7% | 33.9% | ||
| Q1 24 | -0.8% | 36.7% |
| Q4 25 | $0.03 | $0.59 | ||
| Q3 25 | $-0.03 | $0.43 | ||
| Q2 25 | $-0.03 | $0.53 | ||
| Q1 25 | $0.25 | $0.35 | ||
| Q4 24 | $-0.14 | $0.46 | ||
| Q3 24 | $-0.14 | $0.69 | ||
| Q2 24 | $-0.08 | $0.24 | ||
| Q1 24 | $0.00 | $0.30 |
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 | $111.0M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $510.9M |
| Total Assets | $771.0M | $644.0M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $111.0M | ||
| Q3 25 | $301.8M | $101.2M | ||
| Q2 25 | $316.7M | $102.8M | ||
| Q1 25 | $272.0M | $99.7M | ||
| Q4 24 | $273.9M | $98.1M | ||
| Q3 24 | $410.9M | $92.7M | ||
| Q2 24 | $441.9M | $209.9M | ||
| Q1 24 | $498.4M | $207.0M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $510.9M | ||
| Q3 25 | $537.6M | $492.4M | ||
| Q2 25 | $538.6M | $480.2M | ||
| Q1 25 | $540.2M | $464.9M | ||
| Q4 24 | $514.8M | $460.5M | ||
| Q3 24 | $540.2M | $446.8M | ||
| Q2 24 | $560.7M | $424.8M | ||
| Q1 24 | $568.3M | $419.7M |
| Q4 25 | $771.0M | $644.0M | ||
| Q3 25 | $768.9M | $619.0M | ||
| Q2 25 | $775.5M | $602.3M | ||
| Q1 25 | $801.6M | $588.3M | ||
| Q4 24 | $756.4M | $581.5M | ||
| Q3 24 | $707.6M | $565.2M | ||
| Q2 24 | $753.6M | $529.6M | ||
| Q1 24 | $631.7M | $527.4M |
| 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 | $31.7M |
| Free Cash FlowOCF − Capex | — | $14.4M |
| FCF MarginFCF / Revenue | — | 36.6% |
| Capex IntensityCapex / Revenue | — | 43.8% |
| Cash ConversionOCF / Net Profit | 22.01× | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $31.7M | ||
| Q3 25 | $9.5M | $25.3M | ||
| Q2 25 | $50.1M | $22.9M | ||
| Q1 25 | $2.4M | $20.3M | ||
| Q4 24 | $50.1M | $26.0M | ||
| Q3 24 | $-593.0K | $20.8M | ||
| Q2 24 | $16.1M | $11.4M | ||
| Q1 24 | $54.8M | $15.7M |
| Q4 25 | — | $14.4M | ||
| Q3 25 | — | $5.9M | ||
| Q2 25 | — | $7.3M | ||
| Q1 25 | $335.0K | $13.9M | ||
| Q4 24 | $-98.5M | $13.2M | ||
| Q3 24 | $-2.8M | $10.8M | ||
| Q2 24 | $-126.7M | $9.0M | ||
| Q1 24 | $54.6M | $14.6M |
| Q4 25 | — | 36.6% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 21.0% | ||
| Q1 25 | 0.3% | 32.7% | ||
| Q4 24 | -201.8% | 33.8% | ||
| Q3 24 | -12.1% | 36.1% | ||
| Q2 24 | -490.5% | 34.5% | ||
| Q1 24 | 224.4% | 48.1% |
| Q4 25 | — | 43.8% | ||
| Q3 25 | — | 48.6% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | 1.7% | 15.0% | ||
| Q4 24 | 304.4% | 32.9% | ||
| Q3 24 | 9.6% | 33.3% | ||
| Q2 24 | 553.0% | 9.4% | ||
| Q1 24 | 1.1% | 3.7% |
| Q4 25 | 22.01× | 1.46× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | 0.10× | 1.56× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.41× |
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% |
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
