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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Neuronetics, Inc. (STIM). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $41.8M, roughly 1.2× Neuronetics, Inc.). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -17.2%, a 24.1% gap on every dollar of revenue. On growth, Neuronetics, Inc. posted the faster year-over-year revenue change (85.7% vs 2.6%). Over the past eight quarters, Neuronetics, Inc.'s revenue compounded faster (54.9% CAGR vs 43.6%).
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.
Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology.
ACTG vs STIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $41.8M |
| Net Profit | $3.4M | $-7.2M |
| Gross Margin | 12.8% | 52.0% |
| Operating Margin | -26.1% | -12.1% |
| Net Margin | 6.8% | -17.2% |
| Revenue YoY | 2.6% | 85.7% |
| Net Profit YoY | 125.5% | 43.2% |
| EPS (diluted) | $0.03 | $-0.10 |
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 | $41.8M | ||
| Q3 25 | $59.4M | $37.3M | ||
| Q2 25 | $51.2M | $38.1M | ||
| Q1 25 | $124.4M | $32.0M | ||
| Q4 24 | $48.8M | $22.5M | ||
| Q3 24 | $23.3M | $18.5M | ||
| Q2 24 | $25.8M | $16.4M | ||
| Q1 24 | $24.3M | $17.4M |
| Q4 25 | $3.4M | $-7.2M | ||
| Q3 25 | $-2.7M | $-9.0M | ||
| Q2 25 | $-3.3M | $-10.1M | ||
| Q1 25 | $24.3M | $-12.7M | ||
| Q4 24 | $-13.4M | $-12.7M | ||
| Q3 24 | $-14.0M | $-13.3M | ||
| Q2 24 | $-8.4M | $-9.8M | ||
| Q1 24 | $-186.0K | $-7.9M |
| Q4 25 | 12.8% | 52.0% | ||
| Q3 25 | 21.2% | 45.9% | ||
| Q2 25 | 12.8% | 46.6% | ||
| Q1 25 | 47.4% | 49.2% | ||
| Q4 24 | 17.6% | 66.2% | ||
| Q3 24 | 10.1% | 75.6% | ||
| Q2 24 | 26.2% | 74.0% | ||
| Q1 24 | 49.2% | 75.1% |
| Q4 25 | -26.1% | -12.1% | ||
| Q3 25 | -10.8% | -19.6% | ||
| Q2 25 | -24.2% | -21.1% | ||
| Q1 25 | 30.8% | -34.4% | ||
| Q4 24 | -32.4% | -51.0% | ||
| Q3 24 | -44.1% | -41.7% | ||
| Q2 24 | -18.4% | -51.7% | ||
| Q1 24 | -8.6% | -39.4% |
| Q4 25 | 6.8% | -17.2% | ||
| Q3 25 | -4.6% | -24.3% | ||
| Q2 25 | -6.4% | -26.6% | ||
| Q1 25 | 19.5% | -39.6% | ||
| Q4 24 | -27.5% | -56.4% | ||
| Q3 24 | -60.0% | -72.0% | ||
| Q2 24 | -32.7% | -59.8% | ||
| Q1 24 | -0.8% | -45.2% |
| Q4 25 | $0.03 | $-0.10 | ||
| Q3 25 | $-0.03 | $-0.13 | ||
| Q2 25 | $-0.03 | $-0.15 | ||
| Q1 25 | $0.25 | $-0.21 | ||
| Q4 24 | $-0.14 | $-0.34 | ||
| Q3 24 | $-0.14 | $-0.44 | ||
| Q2 24 | $-0.08 | $-0.33 | ||
| Q1 24 | $0.00 | $-0.27 |
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 | $28.1M |
| Total DebtLower is stronger | $91.9M | $65.8M |
| Stockholders' EquityBook value | $543.5M | $22.4M |
| Total Assets | $771.0M | $141.6M |
| Debt / EquityLower = less leverage | 0.17× | 2.94× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $28.1M | ||
| Q3 25 | $301.8M | $28.0M | ||
| Q2 25 | $316.7M | $11.0M | ||
| Q1 25 | $272.0M | $20.2M | ||
| Q4 24 | $273.9M | $18.5M | ||
| Q3 24 | $410.9M | $20.9M | ||
| Q2 24 | $441.9M | $42.6M | ||
| Q1 24 | $498.4M | $47.7M |
| Q4 25 | $91.9M | $65.8M | ||
| Q3 25 | — | $65.7M | ||
| Q2 25 | — | $55.5M | ||
| Q1 25 | — | $55.3M | ||
| Q4 24 | — | $55.2M | ||
| Q3 24 | — | $46.0M | ||
| Q2 24 | — | $59.8M | ||
| Q1 24 | — | $59.4M |
| Q4 25 | $543.5M | $22.4M | ||
| Q3 25 | $537.6M | $27.4M | ||
| Q2 25 | $538.6M | $27.1M | ||
| Q1 25 | $540.2M | $35.5M | ||
| Q4 24 | $514.8M | $27.7M | ||
| Q3 24 | $540.2M | $9.4M | ||
| Q2 24 | $560.7M | $19.4M | ||
| Q1 24 | $568.3M | $27.7M |
| Q4 25 | $771.0M | $141.6M | ||
| Q3 25 | $768.9M | $145.5M | ||
| Q2 25 | $775.5M | $134.7M | ||
| Q1 25 | $801.6M | $142.0M | ||
| Q4 24 | $756.4M | $140.9M | ||
| Q3 24 | $707.6M | — | ||
| Q2 24 | $753.6M | $96.8M | ||
| Q1 24 | $631.7M | $103.8M |
| Q4 25 | 0.17× | 2.94× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.05× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | 4.90× | ||
| Q2 24 | — | 3.08× | ||
| Q1 24 | — | 2.15× |
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 | $908.0K |
| Free Cash FlowOCF − Capex | — | $692.0K |
| FCF MarginFCF / Revenue | — | 1.7% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-21.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $908.0K | ||
| Q3 25 | $9.5M | $-785.0K | ||
| Q2 25 | $50.1M | $-3.5M | ||
| Q1 25 | $2.4M | $-17.0M | ||
| Q4 24 | $50.1M | $-8.6M | ||
| Q3 24 | $-593.0K | $-5.4M | ||
| Q2 24 | $16.1M | $-5.0M | ||
| Q1 24 | $54.8M | $-12.0M |
| Q4 25 | — | $692.0K | ||
| Q3 25 | — | $-899.0K | ||
| Q2 25 | — | $-3.8M | ||
| Q1 25 | $335.0K | $-17.2M | ||
| Q4 24 | $-98.5M | $-8.7M | ||
| Q3 24 | $-2.8M | $-5.8M | ||
| Q2 24 | $-126.7M | $-5.6M | ||
| Q1 24 | $54.6M | $-12.4M |
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | — | -9.9% | ||
| Q1 25 | 0.3% | -53.8% | ||
| Q4 24 | -201.8% | -38.6% | ||
| Q3 24 | -12.1% | -31.3% | ||
| Q2 24 | -490.5% | -34.0% | ||
| Q1 24 | 224.4% | -71.1% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | 1.7% | 0.7% | ||
| Q4 24 | 304.4% | 0.4% | ||
| Q3 24 | 9.6% | 2.1% | ||
| Q2 24 | 553.0% | 3.7% | ||
| Q1 24 | 1.1% | 2.2% |
| 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% |
STIM
Segment breakdown not available.
