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ACACIA RESEARCH CORP（ACTG）与Clearfield, Inc.（CLFD）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Clearfield, Inc.的1.5倍（$50.1M vs $34.3M），ACACIA RESEARCH CORP净利率更高（6.8% vs -1.8%，领先8.6%），ACACIA RESEARCH CORP同比增速更快（2.6% vs -3.2%），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。
Clearfield, Inc.总部位于美国明尼苏达州明尼阿波利斯市，是一家专注于光纤产品研发生产的企业，其产品主要应用于光纤通信网络建设领域，为通信基础设施部署提供相关硬件支撑。
ACTG vs CLFD — 直观对比
营收规模更大
ACTG
是对方的1.5倍
$34.3M
营收增速更快
ACTG
高出5.8%
-3.2%
净利率更高
ACTG
高出8.6%
-1.8%
两年增速更快
ACTG
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $34.3M |
| 净利润 | $3.4M | $-614.0K |
| 毛利率 | 12.8% | 33.2% |
| 营业利润率 | -26.1% | -5.3% |
| 净利率 | 6.8% | -1.8% |
| 营收同比 | 2.6% | -3.2% |
| 净利润同比 | 125.5% | 67.8% |
| 每股收益（稀释后） | $0.03 | $-0.04 |
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ACTGCLFD
| Q4 25 | $50.1M | $34.3M | ||
| Q3 25 | $59.4M | $23.4M | ||
| Q2 25 | $51.2M | $49.9M | ||
| Q1 25 | $124.4M | $47.2M | ||
| Q4 24 | $48.8M | $29.7M | ||
| Q3 24 | $23.3M | $5.6M | ||
| Q2 24 | $25.8M | $48.8M | ||
| Q1 24 | $24.3M | $36.9M |
净利润ACTGCLFD
| Q4 25 | $3.4M | $-614.0K | ||
| Q3 25 | $-2.7M | $-9.1M | ||
| Q2 25 | $-3.3M | $1.6M | ||
| Q1 25 | $24.3M | $1.3M | ||
| Q4 24 | $-13.4M | $-1.9M | ||
| Q3 24 | $-14.0M | — | ||
| Q2 24 | $-8.4M | $-447.0K | ||
| Q1 24 | $-186.0K | $-5.9M |
毛利率ACTGCLFD
| Q4 25 | 12.8% | 33.2% | ||
| Q3 25 | 21.2% | 53.2% | ||
| Q2 25 | 12.8% | 30.5% | ||
| Q1 25 | 47.4% | 30.1% | ||
| Q4 24 | 17.6% | 29.2% | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 26.2% | 21.9% | ||
| Q1 24 | 49.2% | 7.7% |
营业利润率ACTGCLFD
| Q4 25 | -26.1% | -5.3% | ||
| Q3 25 | -10.8% | 10.3% | ||
| Q2 25 | -24.2% | 3.0% | ||
| Q1 25 | 30.8% | 0.6% | ||
| Q4 24 | -32.4% | -6.9% | ||
| Q3 24 | -44.1% | — | ||
| Q2 24 | -18.4% | -4.7% | ||
| Q1 24 | -8.6% | -26.4% |
净利率ACTGCLFD
| Q4 25 | 6.8% | -1.8% | ||
| Q3 25 | -4.6% | -38.8% | ||
| Q2 25 | -6.4% | 3.2% | ||
| Q1 25 | 19.5% | 2.8% | ||
| Q4 24 | -27.5% | -6.4% | ||
| Q3 24 | -60.0% | — | ||
| Q2 24 | -32.7% | -0.9% | ||
| Q1 24 | -0.8% | -16.0% |
每股收益（稀释后）ACTGCLFD
| Q4 25 | $0.03 | $-0.04 | ||
| Q3 25 | $-0.03 | $-0.65 | ||
| Q2 25 | $-0.03 | $0.11 | ||
| Q1 25 | $0.25 | $0.09 | ||
| Q4 24 | $-0.14 | $-0.13 | ||
| Q3 24 | $-0.14 | — | ||
| Q2 24 | $-0.08 | $-0.04 | ||
| Q1 24 | $0.00 | $-0.40 |
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 | $96.4M |
| 总债务越低越好 | $91.9M | — |
| 股东权益账面价值 | $543.5M | $249.7M |
| 总资产 | $771.0M | $268.1M |
| 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ACTGCLFD
| Q4 25 | $306.7M | $96.4M | ||
| Q3 25 | $301.8M | $106.0M | ||
| Q2 25 | $316.7M | $117.2M | ||
| Q1 25 | $272.0M | $112.0M | ||
| Q4 24 | $273.9M | $113.0M | ||
| Q3 24 | $410.9M | $129.0M | ||
| Q2 24 | $441.9M | $123.8M | ||
| Q1 24 | $498.4M | $142.9M |
总债务ACTGCLFD
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.2M | ||
| Q2 24 | — | $2.1M | ||
| Q1 24 | — | — |
股东权益ACTGCLFD
| Q4 25 | $543.5M | $249.7M | ||
| Q3 25 | $537.6M | $256.2M | ||
| Q2 25 | $538.6M | $264.5M | ||
| Q1 25 | $540.2M | $265.9M | ||
| Q4 24 | $514.8M | $267.4M | ||
| Q3 24 | $540.2M | $275.8M | ||
| Q2 24 | $560.7M | $274.6M | ||
| Q1 24 | $568.3M | $279.2M |
总资产ACTGCLFD
| Q4 25 | $771.0M | $268.1M | ||
| Q3 25 | $768.9M | $306.2M | ||
| Q2 25 | $775.5M | $314.7M | ||
| Q1 25 | $801.6M | $310.9M | ||
| Q4 24 | $756.4M | $303.2M | ||
| Q3 24 | $707.6M | $315.3M | ||
| Q2 24 | $753.6M | $318.1M | ||
| Q1 24 | $631.7M | $315.4M |
负债/权益比ACTGCLFD
| Q4 25 | 0.17× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| 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 | $-1.4M |
| 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 | — | -7.1% |
| 资本支出强度资本支出/营收 | — | 2.9% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ACTGCLFD
| Q4 25 | $75.2M | $-1.4M | ||
| Q3 25 | $9.5M | — | ||
| Q2 25 | $50.1M | $7.9M | ||
| Q1 25 | $2.4M | $3.0M | ||
| Q4 24 | $50.1M | $7.2M | ||
| Q3 24 | $-593.0K | $22.2M | ||
| Q2 24 | $16.1M | $4.0M | ||
| Q1 24 | $54.8M | $-5.7M |
自由现金流ACTGCLFD
| Q4 25 | — | $-2.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $7.5M | ||
| Q1 25 | $335.0K | $654.0K | ||
| Q4 24 | $-98.5M | $5.1M | ||
| Q3 24 | $-2.8M | $18.2M | ||
| Q2 24 | $-126.7M | $2.8M | ||
| Q1 24 | $54.6M | $-7.7M |
自由现金流率ACTGCLFD
| Q4 25 | — | -7.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | 0.3% | 1.4% | ||
| Q4 24 | -201.8% | 17.1% | ||
| Q3 24 | -12.1% | 323.0% | ||
| Q2 24 | -490.5% | 5.8% | ||
| Q1 24 | 224.4% | -20.8% |
资本支出强度ACTGCLFD
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | 1.7% | 5.1% | ||
| Q4 24 | 304.4% | 7.0% | ||
| Q3 24 | 9.6% | 71.4% | ||
| Q2 24 | 553.0% | 2.5% | ||
| Q1 24 | 1.1% | 5.3% |
现金转化率ACTGCLFD
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.93× | ||
| Q1 25 | 0.10× | 2.30× | ||
| 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% |
CLFD
暂无分部数据
