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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $50.1M, roughly 2.0× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -7.0%, a 13.8% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
ACTG vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $100.0M |
| Net Profit | $3.4M | $-7.0M |
| Gross Margin | 12.8% | 28.0% |
| Operating Margin | -26.1% | -10.7% |
| Net Margin | 6.8% | -7.0% |
| Revenue YoY | 2.6% | 14.5% |
| Net Profit YoY | 125.5% | 76.0% |
| EPS (diluted) | $0.03 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $59.4M | $161.9M | ||
| Q2 25 | $51.2M | $172.6M | ||
| Q1 25 | $124.4M | $111.4M | ||
| Q4 24 | $48.8M | $87.3M | ||
| Q3 24 | $23.3M | $150.5M | ||
| Q2 24 | $25.8M | $160.1M | ||
| Q1 24 | $24.3M | $110.6M |
| Q4 25 | $3.4M | $-7.0M | ||
| Q3 25 | $-2.7M | $8.1M | ||
| Q2 25 | $-3.3M | $16.0M | ||
| Q1 25 | $24.3M | $-6.0M | ||
| Q4 24 | $-13.4M | $-29.2M | ||
| Q3 24 | $-14.0M | $5.9M | ||
| Q2 24 | $-8.4M | $13.3M | ||
| Q1 24 | $-186.0K | $-7.9M |
| Q4 25 | 12.8% | 28.0% | ||
| Q3 25 | 21.2% | 35.4% | ||
| Q2 25 | 12.8% | 37.1% | ||
| Q1 25 | 47.4% | 29.5% | ||
| Q4 24 | 17.6% | 24.6% | ||
| Q3 24 | 10.1% | 32.4% | ||
| Q2 24 | 26.2% | 33.1% | ||
| Q1 24 | 49.2% | 27.7% |
| Q4 25 | -26.1% | -10.7% | ||
| Q3 25 | -10.8% | 13.3% | ||
| Q2 25 | -24.2% | 14.3% | ||
| Q1 25 | 30.8% | -4.4% | ||
| Q4 24 | -32.4% | -14.9% | ||
| Q3 24 | -44.1% | 8.9% | ||
| Q2 24 | -18.4% | 12.5% | ||
| Q1 24 | -8.6% | -1.9% |
| Q4 25 | 6.8% | -7.0% | ||
| Q3 25 | -4.6% | 5.0% | ||
| Q2 25 | -6.4% | 9.3% | ||
| Q1 25 | 19.5% | -5.4% | ||
| Q4 24 | -27.5% | -33.4% | ||
| Q3 24 | -60.0% | 3.9% | ||
| Q2 24 | -32.7% | 8.3% | ||
| Q1 24 | -0.8% | -7.1% |
| Q4 25 | $0.03 | $-0.06 | ||
| Q3 25 | $-0.03 | $0.07 | ||
| Q2 25 | $-0.03 | $0.13 | ||
| Q1 25 | $0.25 | $-0.05 | ||
| Q4 24 | $-0.14 | $-0.24 | ||
| Q3 24 | $-0.14 | $0.05 | ||
| Q2 24 | $-0.08 | $0.11 | ||
| Q1 24 | $0.00 | $-0.07 |
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 | — |
| Total DebtLower is stronger | $91.9M | $279.8M |
| Stockholders' EquityBook value | $543.5M | $405.9M |
| Total Assets | $771.0M | $823.2M |
| Debt / EquityLower = less leverage | 0.17× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | — | ||
| Q3 25 | $301.8M | — | ||
| Q2 25 | $316.7M | — | ||
| Q1 25 | $272.0M | — | ||
| Q4 24 | $273.9M | — | ||
| Q3 24 | $410.9M | — | ||
| Q2 24 | $441.9M | — | ||
| Q1 24 | $498.4M | — |
| Q4 25 | $91.9M | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $543.5M | $405.9M | ||
| Q3 25 | $537.6M | $408.4M | ||
| Q2 25 | $538.6M | $398.4M | ||
| Q1 25 | $540.2M | $381.1M | ||
| Q4 24 | $514.8M | $387.2M | ||
| Q3 24 | $540.2M | $416.6M | ||
| Q2 24 | $560.7M | $408.1M | ||
| Q1 24 | $568.3M | $391.8M |
| Q4 25 | $771.0M | $823.2M | ||
| Q3 25 | $768.9M | $844.4M | ||
| Q2 25 | $775.5M | $822.1M | ||
| Q1 25 | $801.6M | $824.6M | ||
| Q4 24 | $756.4M | $794.2M | ||
| Q3 24 | $707.6M | $853.4M | ||
| Q2 24 | $753.6M | $830.0M | ||
| Q1 24 | $631.7M | $808.6M |
| Q4 25 | 0.17× | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $23.3M | ||
| Q3 25 | $9.5M | $51.0M | ||
| Q2 25 | $50.1M | $36.0M | ||
| Q1 25 | $2.4M | $-46.9M | ||
| Q4 24 | $50.1M | $6.2M | ||
| Q3 24 | $-593.0K | $37.2M | ||
| Q2 24 | $16.1M | $52.4M | ||
| Q1 24 | $54.8M | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | $335.0K | $-50.3M | ||
| Q4 24 | $-98.5M | $-98.0K | ||
| Q3 24 | $-2.8M | $33.2M | ||
| Q2 24 | $-126.7M | $47.9M | ||
| Q1 24 | $54.6M | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | 0.3% | -45.2% | ||
| Q4 24 | -201.8% | -0.1% | ||
| Q3 24 | -12.1% | 22.1% | ||
| Q2 24 | -490.5% | 29.9% | ||
| Q1 24 | 224.4% | -36.0% |
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | 1.7% | 3.1% | ||
| Q4 24 | 304.4% | 7.2% | ||
| Q3 24 | 9.6% | 2.7% | ||
| Q2 24 | 553.0% | 2.8% | ||
| Q1 24 | 1.1% | 4.8% |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
