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ACACIA RESEARCH CORP（ACTG）与COMPX INTERNATIONAL INC（CIX）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COMPX INTERNATIONAL INC的1.3倍（$50.1M vs $37.7M），COMPX INTERNATIONAL INC净利率更高（12.4% vs 6.8%，领先5.6%），ACACIA RESEARCH CORP同比增速更快（2.6% vs -1.9%），过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs -0.4%）
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。
COMPX国际是一家多元化安全与控制产品制造商，主营高性能锁具系统、电子门禁解决方案、人体工学工作站部件及船用五金，核心市场覆盖北美、欧洲，服务商业、住宅、工业、医疗、休闲船舶等领域客户。
ACTG vs CIX — 直观对比
营收规模更大
ACTG
是对方的1.3倍
$37.7M
营收增速更快
ACTG
高出4.5%
-1.9%
净利率更高
CIX
高出5.6%
6.8%
两年增速更快
ACTG
近两年复合增速
-0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $37.7M |
| 净利润 | $3.4M | $4.7M |
| 毛利率 | 12.8% | 32.1% |
| 营业利润率 | -26.1% | 15.0% |
| 净利率 | 6.8% | 12.4% |
| 营收同比 | 2.6% | -1.9% |
| 净利润同比 | 125.5% | 3.6% |
| 每股收益（稀释后） | $0.03 | $0.38 |
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ACTGCIX
| Q4 25 | $50.1M | $37.7M | ||
| Q3 25 | $59.4M | $40.0M | ||
| Q2 25 | $51.2M | $40.4M | ||
| Q1 25 | $124.4M | $40.3M | ||
| Q4 24 | $48.8M | $38.4M | ||
| Q3 24 | $23.3M | $33.7M | ||
| Q2 24 | $25.8M | $35.9M | ||
| Q1 24 | $24.3M | $38.0M |
净利润ACTGCIX
| Q4 25 | $3.4M | $4.7M | ||
| Q3 25 | $-2.7M | $4.2M | ||
| Q2 25 | $-3.3M | $5.5M | ||
| Q1 25 | $24.3M | $5.1M | ||
| Q4 24 | $-13.4M | $4.5M | ||
| Q3 24 | $-14.0M | $3.5M | ||
| Q2 24 | $-8.4M | $4.8M | ||
| Q1 24 | $-186.0K | $3.8M |
毛利率ACTGCIX
| Q4 25 | 12.8% | 32.1% | ||
| Q3 25 | 21.2% | 27.6% | ||
| Q2 25 | 12.8% | 31.9% | ||
| Q1 25 | 47.4% | 30.2% | ||
| Q4 24 | 17.6% | 28.8% | ||
| Q3 24 | 10.1% | 28.1% | ||
| Q2 24 | 26.2% | 31.1% | ||
| Q1 24 | 49.2% | 25.5% |
营业利润率ACTGCIX
| Q4 25 | -26.1% | 15.0% | ||
| Q3 25 | -10.8% | 11.9% | ||
| Q2 25 | -24.2% | 15.7% | ||
| Q1 25 | 30.8% | 14.6% | ||
| Q4 24 | -32.4% | 12.7% | ||
| Q3 24 | -44.1% | 9.9% | ||
| Q2 24 | -18.4% | 14.2% | ||
| Q1 24 | -8.6% | 9.8% |
净利率ACTGCIX
| Q4 25 | 6.8% | 12.4% | ||
| Q3 25 | -4.6% | 10.6% | ||
| Q2 25 | -6.4% | 13.5% | ||
| Q1 25 | 19.5% | 12.7% | ||
| Q4 24 | -27.5% | 11.7% | ||
| Q3 24 | -60.0% | 10.3% | ||
| Q2 24 | -32.7% | 13.5% | ||
| Q1 24 | -0.8% | 9.9% |
每股收益（稀释后）ACTGCIX
| Q4 25 | $0.03 | $0.38 | ||
| Q3 25 | $-0.03 | $0.34 | ||
| Q2 25 | $-0.03 | $0.44 | ||
| Q1 25 | $0.25 | $0.42 | ||
| Q4 24 | $-0.14 | $0.37 | ||
| Q3 24 | $-0.14 | $0.28 | ||
| Q2 24 | $-0.08 | $0.39 | ||
| Q1 24 | $0.00 | $0.31 |
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 | $54.1M |
| 总债务越低越好 | $91.9M | — |
| 股东权益账面价值 | $543.5M | $138.6M |
| 总资产 | $771.0M | $156.2M |
| 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ACTGCIX
| Q4 25 | $306.7M | $54.1M | ||
| Q3 25 | $301.8M | $46.3M | ||
| Q2 25 | $316.7M | $56.2M | ||
| Q1 25 | $272.0M | $56.1M | ||
| Q4 24 | $273.9M | $60.8M | ||
| Q3 24 | $410.9M | $58.8M | ||
| Q2 24 | $441.9M | $82.1M | ||
| Q1 24 | $498.4M | $75.6M |
总债务ACTGCIX
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACTGCIX
| Q4 25 | $543.5M | $138.6M | ||
| Q3 25 | $537.6M | $137.7M | ||
| Q2 25 | $538.6M | $149.5M | ||
| Q1 25 | $540.2M | $147.6M | ||
| Q4 24 | $514.8M | $146.1M | ||
| Q3 24 | $540.2M | $145.3M | ||
| Q2 24 | $560.7M | $170.2M | ||
| Q1 24 | $568.3M | $168.9M |
总资产ACTGCIX
| Q4 25 | $771.0M | $156.2M | ||
| Q3 25 | $768.9M | $153.7M | ||
| Q2 25 | $775.5M | $164.8M | ||
| Q1 25 | $801.6M | $162.2M | ||
| Q4 24 | $756.4M | $163.0M | ||
| Q3 24 | $707.6M | $160.1M | ||
| Q2 24 | $753.6M | $185.1M | ||
| Q1 24 | $631.7M | $181.7M |
负债/权益比ACTGCIX
| 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 | $12.0M |
| 自由现金流经营现金流 - 资本支出 | — | $11.4M |
| 自由现金流率自由现金流/营收 | — | 30.3% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | 22.01× | 2.57× |
| 过去12个月自由现金流最近4个季度 | — | $19.1M |
8季度趋势，按日历期对齐
经营现金流ACTGCIX
| Q4 25 | $75.2M | $12.0M | ||
| Q3 25 | $9.5M | $6.3M | ||
| Q2 25 | $50.1M | $4.7M | ||
| Q1 25 | $2.4M | $-137.0K | ||
| Q4 24 | $50.1M | $7.3M | ||
| Q3 24 | $-593.0K | $4.1M | ||
| Q2 24 | $16.1M | $9.8M | ||
| Q1 24 | $54.8M | $1.7M |
自由现金流ACTGCIX
| Q4 25 | — | $11.4M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $3.4M | ||
| Q1 25 | $335.0K | $-959.0K | ||
| Q4 24 | $-98.5M | $7.1M | ||
| Q3 24 | $-2.8M | $3.6M | ||
| Q2 24 | $-126.7M | $9.4M | ||
| Q1 24 | $54.6M | $1.4M |
自由现金流率ACTGCIX
| Q4 25 | — | 30.3% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | 0.3% | -2.4% | ||
| Q4 24 | -201.8% | 18.5% | ||
| Q3 24 | -12.1% | 10.8% | ||
| Q2 24 | -490.5% | 26.2% | ||
| Q1 24 | 224.4% | 3.6% |
资本支出强度ACTGCIX
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 304.4% | 0.6% | ||
| Q3 24 | 9.6% | 1.4% | ||
| Q2 24 | 553.0% | 1.2% | ||
| Q1 24 | 1.1% | 0.8% |
现金转化率ACTGCIX
| Q4 25 | 22.01× | 2.57× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | — | 0.87× | ||
| Q1 25 | 0.10× | -0.03× | ||
| Q4 24 | — | 1.62× | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 2.03× | ||
| Q1 24 | — | 0.45× |
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% |
CIX
| Security Products | $29.5M | 78% |
| Marine Components | $8.2M | 22% |
