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ACACIA RESEARCH CORP（ACTG）与JOINT Corp（JYNT）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JOINT Corp的3.3倍（$50.1M vs $15.2M）。ACACIA RESEARCH CORP净利率更高（6.8% vs 6.5%，领先0.3%）。JOINT Corp同比增速更快（3.1% vs 2.6%）。过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs -28.6%）
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。
JOINT Corp是美国领先的脊椎按摩护理诊所运营方与特许经营商，主打高性价比的脊椎护理服务，推出会员制护理方案，面向寻求非侵入式肌肉骨骼疼痛管理及日常健康调理的消费者。
ACTG vs JYNT — 直观对比
营收规模更大
ACTG
是对方的3.3倍
$15.2M
营收增速更快
JYNT
高出0.5%
2.6%
净利率更高
ACTG
高出0.3%
6.5%
两年增速更快
ACTG
近两年复合增速
-28.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $15.2M |
| 净利润 | $3.4M | $991.1K |
| 毛利率 | 12.8% | 81.4% |
| 营业利润率 | -26.1% | 4.9% |
| 净利率 | 6.8% | 6.5% |
| 营收同比 | 2.6% | 3.1% |
| 净利润同比 | 125.5% | 5510.5% |
| 每股收益（稀释后） | $0.03 | $0.06 |
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ACTGJYNT
| Q4 25 | $50.1M | $15.2M | ||
| Q3 25 | $59.4M | $13.4M | ||
| Q2 25 | $51.2M | $13.3M | ||
| Q1 25 | $124.4M | $13.1M | ||
| Q4 24 | $48.8M | $14.7M | ||
| Q3 24 | $23.3M | $30.2M | ||
| Q2 24 | $25.8M | $30.3M | ||
| Q1 24 | $24.3M | $29.7M |
净利润ACTGJYNT
| Q4 25 | $3.4M | $991.1K | ||
| Q3 25 | $-2.7M | $855.0K | ||
| Q2 25 | $-3.3M | $93.4K | ||
| Q1 25 | $24.3M | $967.8K | ||
| Q4 24 | $-13.4M | $17.7K | ||
| Q3 24 | $-14.0M | $-3.2M | ||
| Q2 24 | $-8.4M | $-3.6M | ||
| Q1 24 | $-186.0K | $947.0K |
毛利率ACTGJYNT
| Q4 25 | 12.8% | 81.4% | ||
| Q3 25 | 21.2% | 80.1% | ||
| Q2 25 | 12.8% | 79.1% | ||
| Q1 25 | 47.4% | 77.3% | ||
| Q4 24 | 17.6% | 78.4% | ||
| Q3 24 | 10.1% | 90.7% | ||
| Q2 24 | 26.2% | 90.7% | ||
| Q1 24 | 49.2% | 90.9% |
营业利润率ACTGJYNT
| Q4 25 | -26.1% | 4.9% | ||
| Q3 25 | -10.8% | 1.2% | ||
| Q2 25 | -24.2% | -8.6% | ||
| Q1 25 | 30.8% | -5.2% | ||
| Q4 24 | -32.4% | 5.5% | ||
| Q3 24 | -44.1% | -1.6% | ||
| Q2 24 | -18.4% | -5.9% | ||
| Q1 24 | -8.6% | -1.4% |
净利率ACTGJYNT
| Q4 25 | 6.8% | 6.5% | ||
| Q3 25 | -4.6% | 6.4% | ||
| Q2 25 | -6.4% | 0.7% | ||
| Q1 25 | 19.5% | 7.4% | ||
| Q4 24 | -27.5% | 0.1% | ||
| Q3 24 | -60.0% | -10.5% | ||
| Q2 24 | -32.7% | -11.9% | ||
| Q1 24 | -0.8% | 3.2% |
每股收益（稀释后）ACTGJYNT
| Q4 25 | $0.03 | $0.06 | ||
| Q3 25 | $-0.03 | $0.06 | ||
| Q2 25 | $-0.03 | $0.01 | ||
| Q1 25 | $0.25 | $0.06 | ||
| Q4 24 | $-0.14 | $0.01 | ||
| Q3 24 | $-0.14 | $-0.21 | ||
| Q2 24 | $-0.08 | $-0.24 | ||
| Q1 24 | $0.00 | $0.06 |
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 | $23.6M |
| 总债务越低越好 | $91.9M | — |
| 股东权益账面价值 | $543.5M | $15.1M |
| 总资产 | $771.0M | $61.0M |
| 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ACTGJYNT
| Q4 25 | $306.7M | $23.6M | ||
| Q3 25 | $301.8M | $29.7M | ||
| Q2 25 | $316.7M | $29.8M | ||
| Q1 25 | $272.0M | $21.9M | ||
| Q4 24 | $273.9M | $25.1M | ||
| Q3 24 | $410.9M | $20.7M | ||
| Q2 24 | $441.9M | $17.5M | ||
| Q1 24 | $498.4M | $18.7M |
总债务ACTGJYNT
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACTGJYNT
| Q4 25 | $543.5M | $15.1M | ||
| Q3 25 | $537.6M | $22.7M | ||
| Q2 25 | $538.6M | $23.2M | ||
| Q1 25 | $540.2M | $22.8M | ||
| Q4 24 | $514.8M | $20.7M | ||
| Q3 24 | $540.2M | $20.5M | ||
| Q2 24 | $560.7M | $23.2M | ||
| Q1 24 | $568.3M | $26.2M |
总资产ACTGJYNT
| Q4 25 | $771.0M | $61.0M | ||
| Q3 25 | $768.9M | $69.4M | ||
| Q2 25 | $775.5M | $73.2M | ||
| Q1 25 | $801.6M | $80.1M | ||
| Q4 24 | $756.4M | $83.2M | ||
| Q3 24 | $707.6M | $79.6M | ||
| Q2 24 | $753.6M | $82.4M | ||
| Q1 24 | $631.7M | $85.7M |
负债/权益比ACTGJYNT
| 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 | $13.2M | $2.9M |
| 自由现金流经营现金流 - 资本支出 | — | $2.5M |
| 自由现金流率自由现金流/营收 | — | 16.8% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | 3.85× | 2.92× |
| 过去12个月自由现金流最近4个季度 | — | $334.7K |
8季度趋势，按日历期对齐
经营现金流ACTGJYNT
| Q4 25 | $13.2M | $2.9M | ||
| Q3 25 | $9.5M | $1.8M | ||
| Q2 25 | $50.1M | $868.6K | ||
| Q1 25 | $2.4M | $-3.7M | ||
| Q4 24 | $-20.3M | $4.1M | ||
| Q3 24 | $-593.0K | $3.4M | ||
| Q2 24 | $16.1M | $-973.5K | ||
| Q1 24 | $54.8M | $2.8M |
自由现金流ACTGJYNT
| Q4 25 | — | $2.5M | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $363.6K | ||
| Q1 25 | $335.0K | $-4.0M | ||
| Q4 24 | $-23.6M | $3.8M | ||
| Q3 24 | $-2.8M | $3.2M | ||
| Q2 24 | $-126.7M | $-1.2M | ||
| Q1 24 | $54.6M | $2.4M |
自由现金流率ACTGJYNT
| Q4 25 | — | 16.8% | ||
| Q3 25 | — | 10.9% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | 0.3% | -30.8% | ||
| Q4 24 | -48.2% | 26.1% | ||
| Q3 24 | -12.1% | 10.6% | ||
| Q2 24 | -490.5% | -4.1% | ||
| Q1 24 | 224.4% | 8.1% |
资本支出强度ACTGJYNT
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | 1.7% | 2.5% | ||
| Q4 24 | 6.7% | 1.9% | ||
| Q3 24 | 9.6% | 0.8% | ||
| Q2 24 | 553.0% | 0.9% | ||
| Q1 24 | 1.1% | 1.3% |
现金转化率ACTGJYNT
| Q4 25 | 3.85× | 2.92× | ||
| Q3 25 | — | 2.07× | ||
| Q2 25 | — | 9.30× | ||
| Q1 25 | 0.10× | -3.82× | ||
| Q4 24 | — | 233.80× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.97× |
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% |
JYNT
| Transferred At Point In Time | $12.8M | 84% |
| Transferred Over Time | $2.4M | 16% |
