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ACACIA RESEARCH CORP（ACTG）与英美资源集团（AMSC）财务数据对比。点击上方公司名可切换其他公司
英美资源集团的季度营收约是ACACIA RESEARCH CORP的1.5倍（$74.5M vs $50.1M），英美资源集团净利率更高（158.1% vs 6.8%，领先151.2%），英美资源集团同比增速更快（21.4% vs 2.6%），过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs 33.2%）
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。
英美资源集团是一家总部位于英国伦敦的跨国矿业企业，是全球最大的铂金生产商，产量约占全球总产出的40%，同时也是钻石、铜、镍、铁矿石、多卤石、炼焦煤的主要供应商，业务布局覆盖非洲、亚洲、大洋洲、欧洲、南北美洲多个地区。
ACTG vs AMSC — 直观对比
营收规模更大
AMSC
是对方的1.5倍
$50.1M
营收增速更快
AMSC
高出18.8%
2.6%
净利率更高
AMSC
高出151.2%
6.8%
两年增速更快
ACTG
近两年复合增速
33.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $74.5M |
| 净利润 | $3.4M | $117.8M |
| 毛利率 | 12.8% | 30.7% |
| 营业利润率 | -26.1% | 4.5% |
| 净利率 | 6.8% | 158.1% |
| 营收同比 | 2.6% | 21.4% |
| 净利润同比 | 125.5% | 4679.1% |
| 每股收益（稀释后） | $0.03 | $2.62 |
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ACTGAMSC
| Q4 25 | $50.1M | $74.5M | ||
| Q3 25 | $59.4M | $65.9M | ||
| Q2 25 | $51.2M | $72.4M | ||
| Q1 25 | $124.4M | $66.7M | ||
| Q4 24 | $48.8M | $61.4M | ||
| Q3 24 | $23.3M | $54.5M | ||
| Q2 24 | $25.8M | $40.3M | ||
| Q1 24 | $24.3M | $42.0M |
净利润ACTGAMSC
| Q4 25 | $3.4M | $117.8M | ||
| Q3 25 | $-2.7M | $4.8M | ||
| Q2 25 | $-3.3M | $6.7M | ||
| Q1 25 | $24.3M | $1.2M | ||
| Q4 24 | $-13.4M | $2.5M | ||
| Q3 24 | $-14.0M | $4.9M | ||
| Q2 24 | $-8.4M | $-2.5M | ||
| Q1 24 | $-186.0K | $-1.6M |
毛利率ACTGAMSC
| Q4 25 | 12.8% | 30.7% | ||
| Q3 25 | 21.2% | 31.0% | ||
| Q2 25 | 12.8% | 33.8% | ||
| Q1 25 | 47.4% | 26.5% | ||
| Q4 24 | 17.6% | 26.6% | ||
| Q3 24 | 10.1% | 28.7% | ||
| Q2 24 | 26.2% | 30.3% | ||
| Q1 24 | 49.2% | 24.8% |
营业利润率ACTGAMSC
| Q4 25 | -26.1% | 4.5% | ||
| Q3 25 | -10.8% | 4.5% | ||
| Q2 25 | -24.2% | 7.8% | ||
| Q1 25 | 30.8% | 2.5% | ||
| Q4 24 | -32.4% | 2.1% | ||
| Q3 24 | -44.1% | -1.4% | ||
| Q2 24 | -18.4% | -8.2% | ||
| Q1 24 | -8.6% | -5.3% |
净利率ACTGAMSC
| Q4 25 | 6.8% | 158.1% | ||
| Q3 25 | -4.6% | 7.2% | ||
| Q2 25 | -6.4% | 9.3% | ||
| Q1 25 | 19.5% | 1.8% | ||
| Q4 24 | -27.5% | 4.0% | ||
| Q3 24 | -60.0% | 9.0% | ||
| Q2 24 | -32.7% | -6.3% | ||
| Q1 24 | -0.8% | -3.8% |
每股收益（稀释后）ACTGAMSC
| Q4 25 | $0.03 | $2.62 | ||
| Q3 25 | $-0.03 | $0.11 | ||
| Q2 25 | $-0.03 | $0.17 | ||
| Q1 25 | $0.25 | $0.04 | ||
| Q4 24 | $-0.14 | $0.06 | ||
| Q3 24 | $-0.14 | $0.13 | ||
| Q2 24 | $-0.08 | $-0.07 | ||
| Q1 24 | $0.00 | $-0.03 |
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 | $141.1M |
| 总债务越低越好 | $91.9M | — |
| 股东权益账面价值 | $543.5M | $536.8M |
| 总资产 | $771.0M | $719.5M |
| 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ACTGAMSC
| Q4 25 | $306.7M | $141.1M | ||
| Q3 25 | $301.8M | $212.9M | ||
| Q2 25 | $316.7M | $207.9M | ||
| Q1 25 | $272.0M | $79.5M | ||
| Q4 24 | $273.9M | $75.2M | ||
| Q3 24 | $410.9M | $72.1M | ||
| Q2 24 | $441.9M | $93.5M | ||
| Q1 24 | $498.4M | $90.5M |
总债务ACTGAMSC
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACTGAMSC
| Q4 25 | $543.5M | $536.8M | ||
| Q3 25 | $537.6M | $342.2M | ||
| Q2 25 | $538.6M | $333.1M | ||
| Q1 25 | $540.2M | $197.1M | ||
| Q4 24 | $514.8M | $192.7M | ||
| Q3 24 | $540.2M | $187.0M | ||
| Q2 24 | $560.7M | $143.3M | ||
| Q1 24 | $568.3M | $144.6M |
总资产ACTGAMSC
| Q4 25 | $771.0M | $719.5M | ||
| Q3 25 | $768.9M | $445.6M | ||
| Q2 25 | $775.5M | $452.8M | ||
| Q1 25 | $801.6M | $310.5M | ||
| Q4 24 | $756.4M | $310.3M | ||
| Q3 24 | $707.6M | $298.4M | ||
| Q2 24 | $753.6M | $240.1M | ||
| Q1 24 | $631.7M | $232.8M |
负债/权益比ACTGAMSC
| 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 | $3.2M |
| 自由现金流经营现金流 - 资本支出 | — | $2.4M |
| 自由现金流率自由现金流/营收 | — | 3.2% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 22.01× | 0.03× |
| 过去12个月自由现金流最近4个季度 | — | $16.0M |
8季度趋势，按日历期对齐
经营现金流ACTGAMSC
| Q4 25 | $75.2M | $3.2M | ||
| Q3 25 | $9.5M | $6.5M | ||
| Q2 25 | $50.1M | $4.1M | ||
| Q1 25 | $2.4M | $6.3M | ||
| Q4 24 | $50.1M | $5.9M | ||
| Q3 24 | $-593.0K | $12.7M | ||
| Q2 24 | $16.1M | $3.4M | ||
| Q1 24 | $54.8M | $2.2M |
自由现金流ACTGAMSC
| Q4 25 | — | $2.4M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | — | $3.3M | ||
| Q1 25 | $335.0K | $5.3M | ||
| Q4 24 | $-98.5M | $5.3M | ||
| Q3 24 | $-2.8M | $12.1M | ||
| Q2 24 | $-126.7M | $3.1M | ||
| Q1 24 | $54.6M | $1.9M |
自由现金流率ACTGAMSC
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | 0.3% | 7.9% | ||
| Q4 24 | -201.8% | 8.7% | ||
| Q3 24 | -12.1% | 22.3% | ||
| Q2 24 | -490.5% | 7.8% | ||
| Q1 24 | 224.4% | 4.6% |
资本支出强度ACTGAMSC
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | 1.7% | 1.6% | ||
| Q4 24 | 304.4% | 0.9% | ||
| Q3 24 | 9.6% | 1.1% | ||
| Q2 24 | 553.0% | 0.7% | ||
| Q1 24 | 1.1% | 0.7% |
现金转化率ACTGAMSC
| Q4 25 | 22.01× | 0.03× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | 0.10× | 5.22× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 2.60× | ||
| 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% |
AMSC
| Equipment And Systems | $56.0M | 75% |
| Megatran | $14.1M | 19% |
| Comtrafo Industria De Transformadores Eletricos SA | $4.6M | 6% |
