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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.
Vitesse Energy, Inc. is the larger business by last-quarter revenue ($58.6M vs $50.1M, roughly 1.2× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -1.3%, a 8.1% gap on every dollar of revenue. On growth, Vitesse Energy, Inc. posted the faster year-over-year revenue change (4.8% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -2.1%).
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.
Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.
ACTG vs VTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $58.6M |
| Net Profit | $3.4M | $-739.0K |
| Gross Margin | 12.8% | — |
| Operating Margin | -26.1% | -12.0% |
| Net Margin | 6.8% | -1.3% |
| Revenue YoY | 2.6% | 4.8% |
| Net Profit YoY | 125.5% | 85.6% |
| EPS (diluted) | $0.03 | $-0.01 |
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 | $58.6M | ||
| Q3 25 | $59.4M | $67.4M | ||
| Q2 25 | $51.2M | $81.8M | ||
| Q1 25 | $124.4M | $66.2M | ||
| Q4 24 | $48.8M | $55.9M | ||
| Q3 24 | $23.3M | $58.3M | ||
| Q2 24 | $25.8M | $66.6M | ||
| Q1 24 | $24.3M | $61.2M |
| Q4 25 | $3.4M | $-739.0K | ||
| Q3 25 | $-2.7M | $-1.3M | ||
| Q2 25 | $-3.3M | $24.7M | ||
| Q1 25 | $24.3M | $2.7M | ||
| Q4 24 | $-13.4M | $-5.1M | ||
| Q3 24 | $-14.0M | $17.4M | ||
| Q2 24 | $-8.4M | $10.9M | ||
| Q1 24 | $-186.0K | $-2.2M |
| 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% | -12.0% | ||
| Q3 25 | -10.8% | 0.2% | ||
| Q2 25 | -24.2% | 22.8% | ||
| Q1 25 | 30.8% | 8.1% | ||
| Q4 24 | -32.4% | 3.7% | ||
| Q3 24 | -44.1% | 15.4% | ||
| Q2 24 | -18.4% | 25.2% | ||
| Q1 24 | -8.6% | 21.4% |
| Q4 25 | 6.8% | -1.3% | ||
| Q3 25 | -4.6% | -1.9% | ||
| Q2 25 | -6.4% | 30.2% | ||
| Q1 25 | 19.5% | 4.0% | ||
| Q4 24 | -27.5% | -9.2% | ||
| Q3 24 | -60.0% | 29.9% | ||
| Q2 24 | -32.7% | 16.4% | ||
| Q1 24 | -0.8% | -3.6% |
| Q4 25 | $0.03 | $-0.01 | ||
| Q3 25 | $-0.03 | $-0.03 | ||
| Q2 25 | $-0.03 | $0.60 | ||
| Q1 25 | $0.25 | $0.08 | ||
| Q4 24 | $-0.14 | $-0.15 | ||
| Q3 24 | $-0.14 | $0.53 | ||
| Q2 24 | $-0.08 | $0.33 | ||
| 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 | — |
| Stockholders' EquityBook value | $543.5M | $629.3M |
| Total Assets | $771.0M | $893.4M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | — | ||
| Q3 25 | $301.8M | — | ||
| Q2 25 | $316.7M | — | ||
| Q1 25 | $272.0M | $4.5M | ||
| Q4 24 | $273.9M | $3.0M | ||
| Q3 24 | $410.9M | — | ||
| Q2 24 | $441.9M | — | ||
| Q1 24 | $498.4M | — |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $629.3M | ||
| Q3 25 | $537.6M | $650.3M | ||
| Q2 25 | $538.6M | $671.9M | ||
| Q1 25 | $540.2M | $667.7M | ||
| Q4 24 | $514.8M | $500.3M | ||
| Q3 24 | $540.2M | $520.4M | ||
| Q2 24 | $560.7M | $518.5M | ||
| Q1 24 | $568.3M | $522.7M |
| Q4 25 | $771.0M | $893.4M | ||
| Q3 25 | $768.9M | $932.9M | ||
| Q2 25 | $775.5M | $951.5M | ||
| Q1 25 | $801.6M | $975.2M | ||
| Q4 24 | $756.4M | $810.9M | ||
| Q3 24 | $707.6M | $791.2M | ||
| Q2 24 | $753.6M | $778.4M | ||
| Q1 24 | $631.7M | $749.7M |
| 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 | $37.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $37.4M | ||
| Q3 25 | $9.5M | $49.4M | ||
| Q2 25 | $50.1M | $66.0M | ||
| Q1 25 | $2.4M | $17.5M | ||
| Q4 24 | $50.1M | $34.7M | ||
| Q3 24 | $-593.0K | $45.7M | ||
| Q2 24 | $16.1M | $35.2M | ||
| Q1 24 | $54.8M | $39.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $335.0K | — | ||
| Q4 24 | $-98.5M | — | ||
| Q3 24 | $-2.8M | — | ||
| Q2 24 | $-126.7M | — | ||
| Q1 24 | $54.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | -201.8% | — | ||
| Q3 24 | -12.1% | — | ||
| Q2 24 | -490.5% | — | ||
| Q1 24 | 224.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 304.4% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 553.0% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.68× | ||
| Q1 25 | 0.10× | 6.56× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.62× | ||
| Q2 24 | — | 3.22× | ||
| 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% |
VTS
| Oil Reserves | $54.5M | 93% |
| Natural Gas Reserves | $4.2M | 7% |
