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ACACIA RESEARCH CORP（ACTG）与ALTISOURCE PORTFOLIO SOLUTIONS S.A.（ASPS）财务数据对比。点击上方公司名可切换其他公司
ACACIA RESEARCH CORP的季度营收约是ALTISOURCE PORTFOLIO SOLUTIONS S.A.的1.2倍（$50.1M vs $42.3M），ACACIA RESEARCH CORP净利率更高（6.8% vs -16.8%，领先23.7%），ALTISOURCE PORTFOLIO SOLUTIONS S.A.同比增速更快（3.2% vs 2.6%），过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs 3.6%）
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。
Altisource Portfolio Solutions S.A.是面向抵押贷款、房地产及消费金融领域的全球服务商，为贷款机构、服务商、投资者等市场参与者提供技术、数据与运营解决方案，优化资产管理、房产交易等业务流程，提升客户运营效率。
ACTG vs ASPS — 直观对比
营收规模更大
ACTG
是对方的1.2倍
$42.3M
营收增速更快
ASPS
高出0.6%
2.6%
净利率更高
ACTG
高出23.7%
-16.8%
两年增速更快
ACTG
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $42.3M |
| 净利润 | $3.4M | $-7.1M |
| 毛利率 | 12.8% | 26.5% |
| 营业利润率 | -26.1% | -15.5% |
| 净利率 | 6.8% | -16.8% |
| 营收同比 | 2.6% | 3.2% |
| 净利润同比 | 125.5% | 18.2% |
| 每股收益（稀释后） | $0.03 | $-1.02 |
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ACTGASPS
| Q4 25 | $50.1M | $42.3M | ||
| Q3 25 | $59.4M | $41.9M | ||
| Q2 25 | $51.2M | $43.3M | ||
| Q1 25 | $124.4M | $43.4M | ||
| Q4 24 | $48.8M | $41.0M | ||
| Q3 24 | $23.3M | $40.5M | ||
| Q2 24 | $25.8M | $39.1M | ||
| Q1 24 | $24.3M | $39.5M |
净利润ACTGASPS
| Q4 25 | $3.4M | $-7.1M | ||
| Q3 25 | $-2.7M | $-2.3M | ||
| Q2 25 | $-3.3M | $16.7M | ||
| Q1 25 | $24.3M | $-5.3M | ||
| Q4 24 | $-13.4M | $-8.7M | ||
| Q3 24 | $-14.0M | $-9.3M | ||
| Q2 24 | $-8.4M | $-8.3M | ||
| Q1 24 | $-186.0K | $-9.2M |
毛利率ACTGASPS
| Q4 25 | 12.8% | 26.5% | ||
| Q3 25 | 21.2% | 27.1% | ||
| Q2 25 | 12.8% | 30.1% | ||
| Q1 25 | 47.4% | 30.7% | ||
| Q4 24 | 17.6% | 30.3% | ||
| Q3 24 | 10.1% | 29.8% | ||
| Q2 24 | 26.2% | 32.5% | ||
| Q1 24 | 49.2% | 31.2% |
营业利润率ACTGASPS
| Q4 25 | -26.1% | -15.5% | ||
| Q3 25 | -10.8% | 1.2% | ||
| Q2 25 | -24.2% | 7.5% | ||
| Q1 25 | 30.8% | 7.5% | ||
| Q4 24 | -32.4% | 1.4% | ||
| Q3 24 | -44.1% | 2.7% | ||
| Q2 24 | -18.4% | 5.3% | ||
| Q1 24 | -8.6% | -1.4% |
净利率ACTGASPS
| Q4 25 | 6.8% | -16.8% | ||
| Q3 25 | -4.6% | -5.5% | ||
| Q2 25 | -6.4% | 38.5% | ||
| Q1 25 | 19.5% | -12.1% | ||
| Q4 24 | -27.5% | -21.3% | ||
| Q3 24 | -60.0% | -23.0% | ||
| Q2 24 | -32.7% | -21.1% | ||
| Q1 24 | -0.8% | -23.2% |
每股收益（稀释后）ACTGASPS
| Q4 25 | $0.03 | $-1.02 | ||
| Q3 25 | $-0.03 | $-0.22 | ||
| Q2 25 | $-0.03 | $1.48 | ||
| Q1 25 | $0.25 | $-0.09 | ||
| Q4 24 | $-0.14 | $-4.72 | ||
| Q3 24 | $-0.14 | $-2.61 | ||
| Q2 24 | $-0.08 | $-2.33 | ||
| Q1 24 | $0.00 | $-0.33 |
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 | $26.6M |
| 总债务越低越好 | $91.9M | $191.1M |
| 股东权益账面价值 | $543.5M | $-110.2M |
| 总资产 | $771.0M | $139.8M |
| 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ACTGASPS
| Q4 25 | $306.7M | $26.6M | ||
| Q3 25 | $301.8M | $28.6M | ||
| Q2 25 | $316.7M | $30.0M | ||
| Q1 25 | $272.0M | $30.8M | ||
| Q4 24 | $273.9M | $29.8M | ||
| Q3 24 | $410.9M | $28.3M | ||
| Q2 24 | $441.9M | $29.7M | ||
| Q1 24 | $498.4M | $29.6M |
总债务ACTGASPS
| Q4 25 | $91.9M | $191.1M | ||
| Q3 25 | — | $192.5M | ||
| Q2 25 | — | $193.9M | ||
| Q1 25 | — | $195.0M | ||
| Q4 24 | — | $230.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACTGASPS
| Q4 25 | $543.5M | $-110.2M | ||
| Q3 25 | $537.6M | $-104.2M | ||
| Q2 25 | $538.6M | $-102.7M | ||
| Q1 25 | $540.2M | $-119.8M | ||
| Q4 24 | $514.8M | $-157.4M | ||
| Q3 24 | $540.2M | $-149.4M | ||
| Q2 24 | $560.7M | $-140.8M | ||
| Q1 24 | $568.3M | $-133.3M |
总资产ACTGASPS
| Q4 25 | $771.0M | $139.8M | ||
| Q3 25 | $768.9M | $139.9M | ||
| Q2 25 | $775.5M | $142.9M | ||
| Q1 25 | $801.6M | $145.7M | ||
| Q4 24 | $756.4M | $143.6M | ||
| Q3 24 | $707.6M | $144.5M | ||
| Q2 24 | $753.6M | $146.6M | ||
| Q1 24 | $631.7M | $148.9M |
负债/权益比ACTGASPS
| 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 | $-505.0K |
| 自由现金流经营现金流 - 资本支出 | — | $-525.0K |
| 自由现金流率自由现金流/营收 | — | -1.2% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 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 | — | $-5.1M |
8季度趋势，按日历期对齐
经营现金流ACTGASPS
| Q4 25 | $75.2M | $-505.0K | ||
| Q3 25 | $9.5M | $718.0K | ||
| Q2 25 | $50.1M | $-306.0K | ||
| Q1 25 | $2.4M | $-5.0M | ||
| Q4 24 | $50.1M | $-1.4M | ||
| Q3 24 | $-593.0K | $-1.6M | ||
| Q2 24 | $16.1M | $180.0K | ||
| Q1 24 | $54.8M | $-2.2M |
自由现金流ACTGASPS
| Q4 25 | — | $-525.0K | ||
| Q3 25 | — | $697.0K | ||
| Q2 25 | — | $-309.0K | ||
| Q1 25 | $335.0K | $-5.0M | ||
| Q4 24 | $-98.5M | $-1.4M | ||
| Q3 24 | $-2.8M | — | ||
| Q2 24 | $-126.7M | — | ||
| Q1 24 | $54.6M | — |
自由现金流率ACTGASPS
| Q4 25 | — | -1.2% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | -0.7% | ||
| Q1 25 | 0.3% | -11.5% | ||
| Q4 24 | -201.8% | -3.4% | ||
| Q3 24 | -12.1% | — | ||
| Q2 24 | -490.5% | — | ||
| Q1 24 | 224.4% | — |
资本支出强度ACTGASPS
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | 1.7% | 0.1% | ||
| Q4 24 | 304.4% | 0.0% | ||
| Q3 24 | 9.6% | 0.0% | ||
| Q2 24 | 553.0% | 0.0% | ||
| Q1 24 | 1.1% | 0.0% |
现金转化率ACTGASPS
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.02× | ||
| 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% |
ASPS
| Services | $39.9M | 94% |
| Revenue Relatedto Technology Platformsand Professional Services | $2.4M | 6% |
