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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $36.5M, roughly 1.4× SmartRent, Inc.). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -8.9%, a 15.7% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
ACTG vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $36.5M |
| Net Profit | $3.4M | $-3.2M |
| Gross Margin | 12.8% | 38.6% |
| Operating Margin | -26.1% | -10.9% |
| Net Margin | 6.8% | -8.9% |
| Revenue YoY | 2.6% | 3.1% |
| Net Profit YoY | 125.5% | 71.6% |
| EPS (diluted) | $0.03 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $59.4M | $36.2M | ||
| Q2 25 | $51.2M | $38.3M | ||
| Q1 25 | $124.4M | $41.3M | ||
| Q4 24 | $48.8M | $35.4M | ||
| Q3 24 | $23.3M | $40.5M | ||
| Q2 24 | $25.8M | $48.5M | ||
| Q1 24 | $24.3M | $50.5M |
| Q4 25 | $3.4M | $-3.2M | ||
| Q3 25 | $-2.7M | $-6.3M | ||
| Q2 25 | $-3.3M | $-10.9M | ||
| Q1 25 | $24.3M | $-40.2M | ||
| Q4 24 | $-13.4M | $-11.4M | ||
| Q3 24 | $-14.0M | $-9.9M | ||
| Q2 24 | $-8.4M | $-4.6M | ||
| Q1 24 | $-186.0K | $-7.7M |
| Q4 25 | 12.8% | 38.6% | ||
| Q3 25 | 21.2% | 26.4% | ||
| Q2 25 | 12.8% | 33.1% | ||
| Q1 25 | 47.4% | 32.8% | ||
| Q4 24 | 17.6% | 28.7% | ||
| Q3 24 | 10.1% | 33.2% | ||
| Q2 24 | 26.2% | 35.7% | ||
| Q1 24 | 49.2% | 38.5% |
| Q4 25 | -26.1% | -10.9% | ||
| Q3 25 | -10.8% | -19.4% | ||
| Q2 25 | -24.2% | -30.5% | ||
| Q1 25 | 30.8% | -99.9% | ||
| Q4 24 | -32.4% | -36.6% | ||
| Q3 24 | -44.1% | -29.0% | ||
| Q2 24 | -18.4% | -14.3% | ||
| Q1 24 | -8.6% | -20.1% |
| Q4 25 | 6.8% | -8.9% | ||
| Q3 25 | -4.6% | -17.3% | ||
| Q2 25 | -6.4% | -28.3% | ||
| Q1 25 | 19.5% | -97.2% | ||
| Q4 24 | -27.5% | -32.3% | ||
| Q3 24 | -60.0% | -24.5% | ||
| Q2 24 | -32.7% | -9.5% | ||
| Q1 24 | -0.8% | -15.2% |
| Q4 25 | $0.03 | $-0.02 | ||
| Q3 25 | $-0.03 | $-0.03 | ||
| Q2 25 | $-0.03 | $-0.06 | ||
| Q1 25 | $0.25 | $-0.21 | ||
| Q4 24 | $-0.14 | $-0.06 | ||
| Q3 24 | $-0.14 | $-0.05 | ||
| Q2 24 | $-0.08 | $-0.02 | ||
| Q1 24 | $0.00 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $232.1M |
| Total Assets | $771.0M | $320.9M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $104.5M | ||
| Q3 25 | $301.8M | $100.0M | ||
| Q2 25 | $316.7M | $105.0M | ||
| Q1 25 | $272.0M | $125.6M | ||
| Q4 24 | $273.9M | $142.5M | ||
| Q3 24 | $410.9M | $163.4M | ||
| Q2 24 | $441.9M | $187.4M | ||
| Q1 24 | $498.4M | $204.7M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $232.1M | ||
| Q3 25 | $537.6M | $234.4M | ||
| Q2 25 | $538.6M | $238.8M | ||
| Q1 25 | $540.2M | $250.7M | ||
| Q4 24 | $514.8M | $289.4M | ||
| Q3 24 | $540.2M | $305.1M | ||
| Q2 24 | $560.7M | $329.4M | ||
| Q1 24 | $568.3M | $333.1M |
| Q4 25 | $771.0M | $320.9M | ||
| Q3 25 | $768.9M | $335.8M | ||
| Q2 25 | $775.5M | $354.0M | ||
| Q1 25 | $801.6M | $366.1M | ||
| Q4 24 | $756.4M | $420.2M | ||
| Q3 24 | $707.6M | $448.6M | ||
| Q2 24 | $753.6M | $475.3M | ||
| Q1 24 | $631.7M | $485.5M |
| 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 | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.7M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $7.7M | ||
| Q3 25 | $9.5M | $-2.1M | ||
| Q2 25 | $50.1M | $-14.9M | ||
| Q1 25 | $2.4M | $-12.2M | ||
| Q4 24 | $50.1M | $-12.0M | ||
| Q3 24 | $-593.0K | $-3.7M | ||
| Q2 24 | $16.1M | $-13.9M | ||
| Q1 24 | $54.8M | $-3.3M |
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | $335.0K | $-14.3M | ||
| Q4 24 | $-98.5M | $-13.3M | ||
| Q3 24 | $-2.8M | $-3.9M | ||
| Q2 24 | $-126.7M | $-14.1M | ||
| Q1 24 | $54.6M | $-3.4M |
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | — | -42.3% | ||
| Q1 25 | 0.3% | -34.7% | ||
| Q4 24 | -201.8% | -37.5% | ||
| Q3 24 | -12.1% | -9.7% | ||
| Q2 24 | -490.5% | -29.1% | ||
| Q1 24 | 224.4% | -6.7% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | 1.7% | 5.3% | ||
| Q4 24 | 304.4% | 3.5% | ||
| Q3 24 | 9.6% | 0.6% | ||
| Q2 24 | 553.0% | 0.5% | ||
| Q1 24 | 1.1% | 0.1% |
| 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% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
