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ACACIA RESEARCH CORP（ACTG）与Amplitude, Inc.（AMPL）财务数据对比。点击上方公司名可切换其他公司
Amplitude, Inc.的季度营收约是ACACIA RESEARCH CORP的1.8倍（$91.4M vs $50.1M），ACACIA RESEARCH CORP净利率更高（6.8% vs -19.3%，领先26.1%），Amplitude, Inc.同比增速更快（17.0% vs 2.6%），过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs 12.2%）
槐亚研究公司是一家总部位于纽约市的美国上市企业，在科技、能源以及工业制造领域开展业务收购与运营工作。该公司与控股股东斯塔博德价值投资合伙企业保持战略伙伴关系，这家企业在业内常被归类为专利流氓。
Amplitude是一家美国企业，专注于研发数字分析软件，能够帮助企业梳理用户行为数据、优化产品决策与数字化运营体验。该公司于2021年9月28日在纳斯达克交易所挂牌上市，股票代码为AMPL。
ACTG vs AMPL — 直观对比
营收规模更大
AMPL
是对方的1.8倍
$50.1M
营收增速更快
AMPL
高出14.4%
2.6%
净利率更高
ACTG
高出26.1%
-19.3%
两年增速更快
ACTG
近两年复合增速
12.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $91.4M |
| 净利润 | $3.4M | $-17.7M |
| 毛利率 | 12.8% | 74.6% |
| 营业利润率 | -26.1% | -18.3% |
| 净利率 | 6.8% | -19.3% |
| 营收同比 | 2.6% | 17.0% |
| 净利润同比 | 125.5% | 45.8% |
| 每股收益（稀释后） | $0.03 | $-0.13 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACTGAMPL
| Q4 25 | $50.1M | $91.4M | ||
| Q3 25 | $59.4M | $88.6M | ||
| Q2 25 | $51.2M | $83.3M | ||
| Q1 25 | $124.4M | $80.0M | ||
| Q4 24 | $48.8M | $78.1M | ||
| Q3 24 | $23.3M | $75.2M | ||
| Q2 24 | $25.8M | $73.3M | ||
| Q1 24 | $24.3M | $72.6M |
净利润ACTGAMPL
| Q4 25 | $3.4M | $-17.7M | ||
| Q3 25 | $-2.7M | $-24.0M | ||
| Q2 25 | $-3.3M | $-24.7M | ||
| Q1 25 | $24.3M | $-22.2M | ||
| Q4 24 | $-13.4M | $-32.6M | ||
| Q3 24 | $-14.0M | $-16.9M | ||
| Q2 24 | $-8.4M | $-23.4M | ||
| Q1 24 | $-186.0K | $-21.5M |
毛利率ACTGAMPL
| Q4 25 | 12.8% | 74.6% | ||
| Q3 25 | 21.2% | 73.9% | ||
| Q2 25 | 12.8% | 72.6% | ||
| Q1 25 | 47.4% | 74.7% | ||
| Q4 24 | 17.6% | 74.7% | ||
| Q3 24 | 10.1% | 75.1% | ||
| Q2 24 | 26.2% | 73.4% | ||
| Q1 24 | 49.2% | 74.0% |
营业利润率ACTGAMPL
| Q4 25 | -26.1% | -18.3% | ||
| Q3 25 | -10.8% | -26.0% | ||
| Q2 25 | -24.2% | -29.0% | ||
| Q1 25 | 30.8% | -26.8% | ||
| Q4 24 | -32.4% | -41.2% | ||
| Q3 24 | -44.1% | -21.4% | ||
| Q2 24 | -18.4% | -31.7% | ||
| Q1 24 | -8.6% | -29.0% |
净利率ACTGAMPL
| Q4 25 | 6.8% | -19.3% | ||
| Q3 25 | -4.6% | -27.1% | ||
| Q2 25 | -6.4% | -29.6% | ||
| Q1 25 | 19.5% | -27.8% | ||
| Q4 24 | -27.5% | -41.7% | ||
| Q3 24 | -60.0% | -22.4% | ||
| Q2 24 | -32.7% | -31.9% | ||
| Q1 24 | -0.8% | -29.5% |
每股收益（稀释后）ACTGAMPL
| Q4 25 | $0.03 | $-0.13 | ||
| Q3 25 | $-0.03 | $-0.18 | ||
| Q2 25 | $-0.03 | $-0.19 | ||
| Q1 25 | $0.25 | $-0.17 | ||
| Q4 24 | $-0.14 | $-0.25 | ||
| Q3 24 | $-0.14 | $-0.14 | ||
| Q2 24 | $-0.08 | $-0.19 | ||
| Q1 24 | $0.00 | $-0.18 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $306.7M | $192.0M |
| 总债务越低越好 | $91.9M | — |
| 股东权益账面价值 | $543.5M | $245.3M |
| 总资产 | $771.0M | $420.7M |
| 负债/权益比越低杠杆越低 | 0.17× | — |
8季度趋势，按日历期对齐
现金及短期投资ACTGAMPL
| Q4 25 | $306.7M | $192.0M | ||
| Q3 25 | $301.8M | $189.2M | ||
| Q2 25 | $316.7M | $208.1M | ||
| Q1 25 | $272.0M | $209.0M | ||
| Q4 24 | $273.9M | $241.1M | ||
| Q3 24 | $410.9M | $319.9M | ||
| Q2 24 | $441.9M | $318.3M | ||
| Q1 24 | $498.4M | $316.1M |
总债务ACTGAMPL
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACTGAMPL
| Q4 25 | $543.5M | $245.3M | ||
| Q3 25 | $537.6M | $262.2M | ||
| Q2 25 | $538.6M | $279.5M | ||
| Q1 25 | $540.2M | $289.5M | ||
| Q4 24 | $514.8M | $296.6M | ||
| Q3 24 | $540.2M | $290.0M | ||
| Q2 24 | $560.7M | $287.3M | ||
| Q1 24 | $568.3M | $289.2M |
总资产ACTGAMPL
| Q4 25 | $771.0M | $420.7M | ||
| Q3 25 | $768.9M | $438.1M | ||
| Q2 25 | $775.5M | $456.6M | ||
| Q1 25 | $801.6M | $445.8M | ||
| Q4 24 | $756.4M | $445.9M | ||
| Q3 24 | $707.6M | $445.6M | ||
| Q2 24 | $753.6M | $445.4M | ||
| Q1 24 | $631.7M | $437.9M |
负债/权益比ACTGAMPL
| Q4 25 | 0.17× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $75.2M | $12.8M |
| 自由现金流经营现金流 - 资本支出 | — | $12.7M |
| 自由现金流率自由现金流/营收 | — | 13.8% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 现金转化率经营现金流/净利润 | 22.01× | — |
| 过去12个月自由现金流最近4个季度 | — | $28.2M |
8季度趋势，按日历期对齐
经营现金流ACTGAMPL
| Q4 25 | $75.2M | $12.8M | ||
| Q3 25 | $9.5M | $5.0M | ||
| Q2 25 | $50.1M | $20.1M | ||
| Q1 25 | $2.4M | $-8.0M | ||
| Q4 24 | $50.1M | $3.2M | ||
| Q3 24 | $-593.0K | $6.2M | ||
| Q2 24 | $16.1M | $9.2M | ||
| Q1 24 | $54.8M | $-48.0K |
自由现金流ACTGAMPL
| Q4 25 | — | $12.7M | ||
| Q3 25 | — | $4.5M | ||
| Q2 25 | — | $19.5M | ||
| Q1 25 | $335.0K | $-8.5M | ||
| Q4 24 | $-98.5M | $2.4M | ||
| Q3 24 | $-2.8M | $6.2M | ||
| Q2 24 | $-126.7M | $8.6M | ||
| Q1 24 | $54.6M | $-405.0K |
自由现金流率ACTGAMPL
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 23.4% | ||
| Q1 25 | 0.3% | -10.6% | ||
| Q4 24 | -201.8% | 3.1% | ||
| Q3 24 | -12.1% | 8.2% | ||
| Q2 24 | -490.5% | 11.8% | ||
| Q1 24 | 224.4% | -0.6% |
资本支出强度ACTGAMPL
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 1.7% | 0.5% | ||
| Q4 24 | 304.4% | 1.0% | ||
| Q3 24 | 9.6% | 0.0% | ||
| Q2 24 | 553.0% | 0.8% | ||
| Q1 24 | 1.1% | 0.5% |
现金转化率ACTGAMPL
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
AMPL
| US | $55.8M | 61% |
| International | $35.7M | 39% |
