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ACACIA RESEARCH CORP（ACTG）与American Outdoor Brands, Inc.（AOUT）财务数据对比。点击上方公司名可切换其他公司
American Outdoor Brands, Inc.的季度营收约是ACACIA RESEARCH CORP的1.1倍（$57.2M vs $50.1M），ACACIA RESEARCH CORP净利率更高（6.8% vs 3.6%，领先3.2%），ACACIA RESEARCH CORP同比增速更快（2.6% vs -5.0%），过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs 3.5%）
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。
Deckers Brands（原Deckers Outdoor Corporation）是美国鞋履设计与分销企业，1973年成立，总部位于加利福尼亚州戈利塔，由道格·奥托与卡尔·F·洛普克创立，旗下拥有UGG、Teva、Hoka等多个知名品牌。
ACTG vs AOUT — 直观对比
营收规模更大
AOUT
是对方的1.1倍
$50.1M
营收增速更快
ACTG
高出7.7%
-5.0%
净利率更高
ACTG
高出3.2%
3.6%
两年增速更快
ACTG
近两年复合增速
3.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $57.2M |
| 净利润 | $3.4M | $2.1M |
| 毛利率 | 12.8% | 45.6% |
| 营业利润率 | -26.1% | 3.7% |
| 净利率 | 6.8% | 3.6% |
| 营收同比 | 2.6% | -5.0% |
| 净利润同比 | 125.5% | -33.3% |
| 每股收益（稀释后） | $0.03 | $0.16 |
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ACTGAOUT
| Q4 25 | $50.1M | $57.2M | ||
| Q3 25 | $59.4M | $29.7M | ||
| Q2 25 | $51.2M | $61.9M | ||
| Q1 25 | $124.4M | $58.5M | ||
| Q4 24 | $48.8M | $60.2M | ||
| Q3 24 | $23.3M | $41.6M | ||
| Q2 24 | $25.8M | $46.3M | ||
| Q1 24 | $24.3M | $53.4M |
净利润ACTGAOUT
| Q4 25 | $3.4M | $2.1M | ||
| Q3 25 | $-2.7M | $-6.8M | ||
| Q2 25 | $-3.3M | $-992.0K | ||
| Q1 25 | $24.3M | $169.0K | ||
| Q4 24 | $-13.4M | $3.1M | ||
| Q3 24 | $-14.0M | $-2.4M | ||
| Q2 24 | $-8.4M | $-5.3M | ||
| Q1 24 | $-186.0K | $-2.9M |
毛利率ACTGAOUT
| Q4 25 | 12.8% | 45.6% | ||
| Q3 25 | 21.2% | 46.7% | ||
| Q2 25 | 12.8% | 40.9% | ||
| Q1 25 | 47.4% | 44.7% | ||
| Q4 24 | 17.6% | 48.0% | ||
| Q3 24 | 10.1% | 45.4% | ||
| Q2 24 | 26.2% | 41.9% | ||
| Q1 24 | 49.2% | 42.7% |
营业利润率ACTGAOUT
| Q4 25 | -26.1% | 3.7% | ||
| Q3 25 | -10.8% | -23.0% | ||
| Q2 25 | -24.2% | -1.5% | ||
| Q1 25 | 30.8% | 0.5% | ||
| Q4 24 | -32.4% | 5.1% | ||
| Q3 24 | -44.1% | -6.2% | ||
| Q2 24 | -18.4% | -11.9% | ||
| Q1 24 | -8.6% | -5.4% |
净利率ACTGAOUT
| Q4 25 | 6.8% | 3.6% | ||
| Q3 25 | -4.6% | -23.0% | ||
| Q2 25 | -6.4% | -1.6% | ||
| Q1 25 | 19.5% | 0.3% | ||
| Q4 24 | -27.5% | 5.2% | ||
| Q3 24 | -60.0% | -5.7% | ||
| Q2 24 | -32.7% | -11.5% | ||
| Q1 24 | -0.8% | -5.4% |
每股收益（稀释后）ACTGAOUT
| Q4 25 | $0.03 | $0.16 | ||
| Q3 25 | $-0.03 | $-0.54 | ||
| Q2 25 | $-0.03 | $-0.08 | ||
| Q1 25 | $0.25 | $0.01 | ||
| Q4 24 | $-0.14 | $0.24 | ||
| Q3 24 | $-0.14 | $-0.18 | ||
| Q2 24 | $-0.08 | $-0.41 | ||
| Q1 24 | $0.00 | $-0.23 |
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 | $3.1M |
| 总债务越低越好 | $91.9M | — |
| 股东权益账面价值 | $543.5M | $170.4M |
| 总资产 | $771.0M | $240.9M |
| 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ACTGAOUT
| Q4 25 | $306.7M | $3.1M | ||
| Q3 25 | $301.8M | $17.8M | ||
| Q2 25 | $316.7M | $23.4M | ||
| Q1 25 | $272.0M | $17.1M | ||
| Q4 24 | $273.9M | $14.2M | ||
| Q3 24 | $410.9M | $23.5M | ||
| Q2 24 | $441.9M | $29.7M | ||
| Q1 24 | $498.4M | $15.9M |
总债务ACTGAOUT
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACTGAOUT
| Q4 25 | $543.5M | $170.4M | ||
| Q3 25 | $537.6M | $167.8M | ||
| Q2 25 | $538.6M | $177.6M | ||
| Q1 25 | $540.2M | $178.7M | ||
| Q4 24 | $514.8M | $178.9M | ||
| Q3 24 | $540.2M | $175.7M | ||
| Q2 24 | $560.7M | $177.9M | ||
| Q1 24 | $568.3M | $182.4M |
总资产ACTGAOUT
| Q4 25 | $771.0M | $240.9M | ||
| Q3 25 | $768.9M | $241.9M | ||
| Q2 25 | $775.5M | $246.4M | ||
| Q1 25 | $801.6M | $245.9M | ||
| Q4 24 | $756.4M | $254.1M | ||
| Q3 24 | $707.6M | $244.8M | ||
| Q2 24 | $753.6M | $240.6M | ||
| Q1 24 | $631.7M | $239.1M |
负债/权益比ACTGAOUT
| 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 | $-13.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-14.1M |
| 自由现金流率自由现金流/营收 | — | -24.6% |
| 资本支出强度资本支出/营收 | — | 1.3% |
| 现金转化率经营现金流/净利润 | 22.01× | -6.41× |
| 过去12个月自由现金流最近4个季度 | — | $-4.7M |
8季度趋势，按日历期对齐
经营现金流ACTGAOUT
| Q4 25 | $75.2M | $-13.3M | ||
| Q3 25 | $9.5M | $-1.7M | ||
| Q2 25 | $50.1M | $7.8M | ||
| Q1 25 | $2.4M | $5.9M | ||
| Q4 24 | $50.1M | $-7.9M | ||
| Q3 24 | $-593.0K | $-4.4M | ||
| Q2 24 | $16.1M | $14.7M | ||
| Q1 24 | $54.8M | $13.0M |
自由现金流ACTGAOUT
| Q4 25 | — | $-14.1M | ||
| Q3 25 | — | $-2.0M | ||
| Q2 25 | — | $7.2M | ||
| Q1 25 | $335.0K | $4.2M | ||
| Q4 24 | $-98.5M | $-8.0M | ||
| Q3 24 | $-2.8M | $-5.2M | ||
| Q2 24 | $-126.7M | $14.2M | ||
| Q1 24 | $54.6M | $9.7M |
自由现金流率ACTGAOUT
| Q4 25 | — | -24.6% | ||
| Q3 25 | — | -6.7% | ||
| Q2 25 | — | 11.6% | ||
| Q1 25 | 0.3% | 7.2% | ||
| Q4 24 | -201.8% | -13.3% | ||
| Q3 24 | -12.1% | -12.5% | ||
| Q2 24 | -490.5% | 30.6% | ||
| Q1 24 | 224.4% | 18.2% |
资本支出强度ACTGAOUT
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | 1.7% | 2.9% | ||
| Q4 24 | 304.4% | 0.1% | ||
| Q3 24 | 9.6% | 2.0% | ||
| Q2 24 | 553.0% | 1.1% | ||
| Q1 24 | 1.1% | 6.2% |
现金转化率ACTGAOUT
| Q4 25 | 22.01× | -6.41× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | 34.86× | ||
| Q4 24 | — | -2.55× | ||
| 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% |
AOUT
| Traditional Channels Net Sales | $36.8M | 64% |
| E Commerce Channels Net Sales | $20.4M | 36% |
