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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and TWIN DISC INC (TWIN). Click either name above to swap in a different company.
TWIN DISC INC is the larger business by last-quarter revenue ($90.2M vs $50.1M, roughly 1.8× ACACIA RESEARCH CORP). TWIN DISC INC runs the higher net margin — 24.8% vs 6.8%, a 18.0% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs 0.3%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 10.3%).
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.
Twin Disc, Inc. designs, manufactures, and distributes power transmission equipment for a wide range of applications, including marine, off-road vehicle, and industrial. The company was founded in 1918 to manufacture clutches for farm tractors. It is now a worldwide company with subsidiaries or sales offices in Asia, Europe, North America, Oceania, and South America.
ACTG vs TWIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $90.2M |
| Net Profit | $3.4M | $22.4M |
| Gross Margin | 12.8% | 24.8% |
| Operating Margin | -26.1% | 2.3% |
| Net Margin | 6.8% | 24.8% |
| Revenue YoY | 2.6% | 0.3% |
| Net Profit YoY | 125.5% | 2334.3% |
| EPS (diluted) | $0.03 | $1.55 |
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 | $90.2M | ||
| Q3 25 | $59.4M | $80.0M | ||
| Q2 25 | $51.2M | $96.7M | ||
| Q1 25 | $124.4M | $81.2M | ||
| Q4 24 | $48.8M | $89.9M | ||
| Q3 24 | $23.3M | $72.9M | ||
| Q2 24 | $25.8M | $84.4M | ||
| Q1 24 | $24.3M | $74.2M |
| Q4 25 | $3.4M | $22.4M | ||
| Q3 25 | $-2.7M | $-518.0K | ||
| Q2 25 | $-3.3M | $1.4M | ||
| Q1 25 | $24.3M | $-1.5M | ||
| Q4 24 | $-13.4M | $919.0K | ||
| Q3 24 | $-14.0M | $-2.8M | ||
| Q2 24 | $-8.4M | $7.4M | ||
| Q1 24 | $-186.0K | $3.8M |
| Q4 25 | 12.8% | 24.8% | ||
| Q3 25 | 21.2% | 28.7% | ||
| Q2 25 | 12.8% | 31.0% | ||
| Q1 25 | 47.4% | 26.7% | ||
| Q4 24 | 17.6% | 24.1% | ||
| Q3 24 | 10.1% | 26.5% | ||
| Q2 24 | 26.2% | 29.7% | ||
| Q1 24 | 49.2% | 28.2% |
| Q4 25 | -26.1% | 2.3% | ||
| Q3 25 | -10.8% | 2.8% | ||
| Q2 25 | -24.2% | 5.5% | ||
| Q1 25 | 30.8% | 2.4% | ||
| Q4 24 | -32.4% | 3.1% | ||
| Q3 24 | -44.1% | -0.2% | ||
| Q2 24 | -18.4% | 5.6% | ||
| Q1 24 | -8.6% | 4.9% |
| Q4 25 | 6.8% | 24.8% | ||
| Q3 25 | -4.6% | -0.6% | ||
| Q2 25 | -6.4% | 1.5% | ||
| Q1 25 | 19.5% | -1.8% | ||
| Q4 24 | -27.5% | 1.0% | ||
| Q3 24 | -60.0% | -3.8% | ||
| Q2 24 | -32.7% | 8.8% | ||
| Q1 24 | -0.8% | 5.2% |
| Q4 25 | $0.03 | $1.55 | ||
| Q3 25 | $-0.03 | $-0.04 | ||
| Q2 25 | $-0.03 | $0.10 | ||
| Q1 25 | $0.25 | $-0.11 | ||
| Q4 24 | $-0.14 | $0.07 | ||
| Q3 24 | $-0.14 | $-0.20 | ||
| Q2 24 | $-0.08 | $0.54 | ||
| 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 | — |
| Total DebtLower is stronger | $91.9M | $44.5M |
| Stockholders' EquityBook value | $543.5M | $184.5M |
| Total Assets | $771.0M | $384.0M |
| Debt / EquityLower = less leverage | 0.17× | 0.24× |
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 | $44.5M | ||
| Q3 25 | — | $43.7M | ||
| Q2 25 | — | $31.4M | ||
| Q1 25 | — | $40.8M | ||
| Q4 24 | — | $24.9M | ||
| Q3 24 | — | $29.8M | ||
| Q2 24 | — | $25.8M | ||
| Q1 24 | — | $17.0M |
| Q4 25 | $543.5M | $184.5M | ||
| Q3 25 | $537.6M | $160.3M | ||
| Q2 25 | $538.6M | $164.0M | ||
| Q1 25 | $540.2M | $149.5M | ||
| Q4 24 | $514.8M | $147.0M | ||
| Q3 24 | $540.2M | $157.5M | ||
| Q2 24 | $560.7M | $154.7M | ||
| Q1 24 | $568.3M | $146.3M |
| Q4 25 | $771.0M | $384.0M | ||
| Q3 25 | $768.9M | $363.5M | ||
| Q2 25 | $775.5M | $355.6M | ||
| Q1 25 | $801.6M | $332.9M | ||
| Q4 24 | $756.4M | $307.4M | ||
| Q3 24 | $707.6M | $323.5M | ||
| Q2 24 | $753.6M | $312.1M | ||
| Q1 24 | $631.7M | $288.8M |
| Q4 25 | 0.17× | 0.24× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.17× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.17× | ||
| Q1 24 | — | 0.12× |
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 | $4.6M |
| Free Cash FlowOCF − Capex | — | $1.2M |
| FCF MarginFCF / Revenue | — | 1.4% |
| Capex IntensityCapex / Revenue | — | 3.7% |
| Cash ConversionOCF / Net Profit | 22.01× | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-70.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $4.6M | ||
| Q3 25 | $9.5M | $-7.5M | ||
| Q2 25 | $50.1M | $16.4M | ||
| Q1 25 | $2.4M | $3.2M | ||
| Q4 24 | $50.1M | $8.7M | ||
| Q3 24 | $-593.0K | $-4.3M | ||
| Q2 24 | $16.1M | $11.4M | ||
| Q1 24 | $54.8M | $6.2M |
| Q4 25 | — | $1.2M | ||
| Q3 25 | — | $-11.0M | ||
| Q2 25 | — | $8.7M | ||
| Q1 25 | $335.0K | $906.0K | ||
| Q4 24 | $-98.5M | $5.9M | ||
| Q3 24 | $-2.8M | $-6.7M | ||
| Q2 24 | $-126.7M | $10.3M | ||
| Q1 24 | $54.6M | $4.0M |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | -13.7% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | 0.3% | 1.1% | ||
| Q4 24 | -201.8% | 6.5% | ||
| Q3 24 | -12.1% | -9.2% | ||
| Q2 24 | -490.5% | 12.2% | ||
| Q1 24 | 224.4% | 5.5% |
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | 1.7% | 2.8% | ||
| Q4 24 | 304.4% | 3.1% | ||
| Q3 24 | 9.6% | 3.2% | ||
| Q2 24 | 553.0% | 1.3% | ||
| Q1 24 | 1.1% | 2.9% |
| Q4 25 | 22.01× | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 11.55× | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | 9.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.54× | ||
| Q1 24 | — | 1.63× |
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% |
TWIN
Segment breakdown not available.
