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ACACIA RESEARCH CORP（ACTG）与INTEST CORP（INTT）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INTEST CORP的1.5倍（$50.1M vs $32.8M），ACACIA RESEARCH CORP净利率更高（6.8% vs 3.8%，领先3.0%），ACACIA RESEARCH CORP同比增速更快（2.6% vs -10.3%），过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs 4.9%）
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。
INTEST CORP是面向全球半导体产业的专业测试设备供应商，主营研发、生产及销售热管理系统、测试接口硬件、晶圆处理工具等产品，客户覆盖晶圆制造厂、芯片设计企业及汽车、工业电子等下游领域。
ACTG vs INTT — 直观对比
营收规模更大
ACTG
是对方的1.5倍
$32.8M
营收增速更快
ACTG
高出13.0%
-10.3%
净利率更高
ACTG
高出3.0%
3.8%
两年增速更快
ACTG
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $32.8M |
| 净利润 | $3.4M | $1.2M |
| 毛利率 | 12.8% | 45.4% |
| 营业利润率 | -26.1% | 3.9% |
| 净利率 | 6.8% | 3.8% |
| 营收同比 | 2.6% | -10.3% |
| 净利润同比 | 125.5% | -17.4% |
| 每股收益（稀释后） | $0.03 | $0.10 |
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ACTGINTT
| Q4 25 | $50.1M | $32.8M | ||
| Q3 25 | $59.4M | $26.2M | ||
| Q2 25 | $51.2M | $28.1M | ||
| Q1 25 | $124.4M | $26.6M | ||
| Q4 24 | $48.8M | $36.6M | ||
| Q3 24 | $23.3M | $30.3M | ||
| Q2 24 | $25.8M | $34.0M | ||
| Q1 24 | $24.3M | $29.8M |
净利润ACTGINTT
| Q4 25 | $3.4M | $1.2M | ||
| Q3 25 | $-2.7M | $-938.0K | ||
| Q2 25 | $-3.3M | $-503.0K | ||
| Q1 25 | $24.3M | $-2.3M | ||
| Q4 24 | $-13.4M | $1.5M | ||
| Q3 24 | $-14.0M | $495.0K | ||
| Q2 24 | $-8.4M | $230.0K | ||
| Q1 24 | $-186.0K | $662.0K |
毛利率ACTGINTT
| Q4 25 | 12.8% | 45.4% | ||
| Q3 25 | 21.2% | 41.9% | ||
| Q2 25 | 12.8% | 42.6% | ||
| Q1 25 | 47.4% | 41.5% | ||
| Q4 24 | 17.6% | 39.7% | ||
| Q3 24 | 10.1% | 46.3% | ||
| Q2 24 | 26.2% | 40.6% | ||
| Q1 24 | 49.2% | 43.8% |
营业利润率ACTGINTT
| Q4 25 | -26.1% | 3.9% | ||
| Q3 25 | -10.8% | -4.5% | ||
| Q2 25 | -24.2% | -3.3% | ||
| Q1 25 | 30.8% | -10.8% | ||
| Q4 24 | -32.4% | 5.7% | ||
| Q3 24 | -44.1% | 1.6% | ||
| Q2 24 | -18.4% | 1.0% | ||
| Q1 24 | -8.6% | 1.6% |
净利率ACTGINTT
| Q4 25 | 6.8% | 3.8% | ||
| Q3 25 | -4.6% | -3.6% | ||
| Q2 25 | -6.4% | -1.8% | ||
| Q1 25 | 19.5% | -8.7% | ||
| Q4 24 | -27.5% | 4.1% | ||
| Q3 24 | -60.0% | 1.6% | ||
| Q2 24 | -32.7% | 0.7% | ||
| Q1 24 | -0.8% | 2.2% |
每股收益（稀释后）ACTGINTT
| Q4 25 | $0.03 | $0.10 | ||
| Q3 25 | $-0.03 | $-0.08 | ||
| Q2 25 | $-0.03 | $-0.04 | ||
| Q1 25 | $0.25 | $-0.19 | ||
| Q4 24 | $-0.14 | $0.13 | ||
| Q3 24 | $-0.14 | $0.04 | ||
| Q2 24 | $-0.08 | $0.02 | ||
| Q1 24 | $0.00 | $0.05 |
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 | $14.2M |
| 总债务越低越好 | $91.9M | — |
| 股东权益账面价值 | $543.5M | $103.6M |
| 总资产 | $771.0M | $151.3M |
| 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ACTGINTT
| Q4 25 | $306.7M | $14.2M | ||
| Q3 25 | $301.8M | $16.2M | ||
| Q2 25 | $316.7M | $19.2M | ||
| Q1 25 | $272.0M | $22.0M | ||
| Q4 24 | $273.9M | $19.8M | ||
| Q3 24 | $410.9M | $18.0M | ||
| Q2 24 | $441.9M | $20.4M | ||
| Q1 24 | $498.4M | $27.3M |
总债务ACTGINTT
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | $4.9M | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | — | $7.9M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $10.0M | ||
| Q1 24 | — | $11.0M |
股东权益ACTGINTT
| Q4 25 | $543.5M | $103.6M | ||
| Q3 25 | $537.6M | $101.9M | ||
| Q2 25 | $538.6M | $102.6M | ||
| Q1 25 | $540.2M | $99.4M | ||
| Q4 24 | $514.8M | $99.8M | ||
| Q3 24 | $540.2M | $100.4M | ||
| Q2 24 | $560.7M | $99.5M | ||
| Q1 24 | $568.3M | $99.3M |
总资产ACTGINTT
| Q4 25 | $771.0M | $151.3M | ||
| Q3 25 | $768.9M | $148.3M | ||
| Q2 25 | $775.5M | $149.7M | ||
| Q1 25 | $801.6M | $148.0M | ||
| Q4 24 | $756.4M | $152.3M | ||
| Q3 24 | $707.6M | $158.4M | ||
| Q2 24 | $753.6M | $160.6M | ||
| Q1 24 | $631.7M | $159.5M |
负债/权益比ACTGINTT
| Q4 25 | 0.17× | — | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.11× |
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 | $-1.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-1.6M |
| 自由现金流率自由现金流/营收 | — | -4.7% |
| 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× | -0.82× |
| 过去12个月自由现金流最近4个季度 | — | $5.7M |
8季度趋势，按日历期对齐
经营现金流ACTGINTT
| Q4 25 | $75.2M | $-1.0M | ||
| Q3 25 | $9.5M | $3.5M | ||
| Q2 25 | $50.1M | $-688.0K | ||
| Q1 25 | $2.4M | $5.5M | ||
| Q4 24 | $50.1M | $2.6M | ||
| Q3 24 | $-593.0K | $4.2M | ||
| Q2 24 | $16.1M | $-5.1M | ||
| Q1 24 | $54.8M | $2.1M |
自由现金流ACTGINTT
| Q4 25 | — | $-1.6M | ||
| Q3 25 | — | $3.1M | ||
| Q2 25 | — | $-1.1M | ||
| Q1 25 | $335.0K | $5.3M | ||
| Q4 24 | $-98.5M | $2.4M | ||
| Q3 24 | $-2.8M | $3.7M | ||
| Q2 24 | $-126.7M | $-5.4M | ||
| Q1 24 | $54.6M | $1.7M |
自由现金流率ACTGINTT
| Q4 25 | — | -4.7% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | -4.1% | ||
| Q1 25 | 0.3% | 19.9% | ||
| Q4 24 | -201.8% | 6.6% | ||
| Q3 24 | -12.1% | 12.4% | ||
| Q2 24 | -490.5% | -15.9% | ||
| Q1 24 | 224.4% | 5.8% |
资本支出强度ACTGINTT
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | 1.7% | 0.9% | ||
| Q4 24 | 304.4% | 0.4% | ||
| Q3 24 | 9.6% | 1.7% | ||
| Q2 24 | 553.0% | 0.9% | ||
| Q1 24 | 1.1% | 1.1% |
现金转化率ACTGINTT
| Q4 25 | 22.01× | -0.82× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | 1.72× | ||
| Q3 24 | — | 8.58× | ||
| Q2 24 | — | -22.13× | ||
| Q1 24 | — | 3.13× |
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% |
INTT
| Environmental Technologies | $8.3M | 25% |
| Semiconductor Market | $6.9M | 21% |
| Thermal Testing Products | $6.4M | 19% |
| Service And Other Products | $4.8M | 15% |
| Oem Integrators And Distributor | $3.5M | 11% |
| Semiconductor Production Test Products | $3.0M | 9% |
