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ACACIA RESEARCH CORP（ACTG）与MARINE PRODUCTS CORP（MPX）财务数据对比。点击上方公司名可切换其他公司
MARINE PRODUCTS CORP的季度营收约是ACACIA RESEARCH CORP的1.3倍（$64.6M vs $50.1M），ACACIA RESEARCH CORP净利率更高（6.8% vs 3.7%，领先3.2%），MARINE PRODUCTS CORP同比增速更快（35.0% vs 2.6%），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。
Marine Products Corp旗下的West Marine是一家总部位于美国佛罗里达州劳德代尔堡的企业，在北美地区经营247家船艇用品及渔具零售连锁店，同时运营名为蓝色未来的非营利组织，品牌旗舰店面积超5万平方英尺，于2011年11月11日在劳德代尔堡正式开业。
ACTG vs MPX — 直观对比
营收规模更大
MPX
是对方的1.3倍
$50.1M
营收增速更快
MPX
高出32.4%
2.6%
净利率更高
ACTG
高出3.2%
3.7%
两年增速更快
ACTG
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $64.6M |
| 净利润 | $3.4M | $2.4M |
| 毛利率 | 12.8% | 19.6% |
| 营业利润率 | -26.1% | 5.8% |
| 净利率 | 6.8% | 3.7% |
| 营收同比 | 2.6% | 35.0% |
| 净利润同比 | 125.5% | -44.6% |
| 每股收益（稀释后） | $0.03 | $0.07 |
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ACTGMPX
| Q4 25 | $50.1M | $64.6M | ||
| Q3 25 | $59.4M | $53.1M | ||
| Q2 25 | $51.2M | $67.7M | ||
| Q1 25 | $124.4M | $59.0M | ||
| Q4 24 | $48.8M | $47.8M | ||
| Q3 24 | $23.3M | $49.9M | ||
| Q2 24 | $25.8M | $69.5M | ||
| Q1 24 | $24.3M | $69.3M |
净利润ACTGMPX
| Q4 25 | $3.4M | $2.4M | ||
| Q3 25 | $-2.7M | $2.6M | ||
| Q2 25 | $-3.3M | $4.2M | ||
| Q1 25 | $24.3M | $2.2M | ||
| Q4 24 | $-13.4M | $4.3M | ||
| Q3 24 | $-14.0M | $3.4M | ||
| Q2 24 | $-8.4M | $5.6M | ||
| Q1 24 | $-186.0K | $4.6M |
毛利率ACTGMPX
| Q4 25 | 12.8% | 19.6% | ||
| Q3 25 | 21.2% | 19.2% | ||
| Q2 25 | 12.8% | 19.1% | ||
| Q1 25 | 47.4% | 18.6% | ||
| Q4 24 | 17.6% | 19.2% | ||
| Q3 24 | 10.1% | 18.4% | ||
| Q2 24 | 26.2% | 18.9% | ||
| Q1 24 | 49.2% | 20.2% |
营业利润率ACTGMPX
| Q4 25 | -26.1% | 5.8% | ||
| Q3 25 | -10.8% | 5.4% | ||
| Q2 25 | -24.2% | 7.1% | ||
| Q1 25 | 30.8% | 4.4% | ||
| Q4 24 | -32.4% | 7.7% | ||
| Q3 24 | -44.1% | 7.2% | ||
| Q2 24 | -18.4% | 8.3% | ||
| Q1 24 | -8.6% | 7.6% |
净利率ACTGMPX
| Q4 25 | 6.8% | 3.7% | ||
| Q3 25 | -4.6% | 5.0% | ||
| Q2 25 | -6.4% | 6.1% | ||
| Q1 25 | 19.5% | 3.7% | ||
| Q4 24 | -27.5% | 8.9% | ||
| Q3 24 | -60.0% | 6.8% | ||
| Q2 24 | -32.7% | 8.0% | ||
| Q1 24 | -0.8% | 6.6% |
每股收益（稀释后）ACTGMPX
| Q4 25 | $0.03 | $0.07 | ||
| Q3 25 | $-0.03 | $0.07 | ||
| Q2 25 | $-0.03 | $0.12 | ||
| Q1 25 | $0.25 | $0.06 | ||
| Q4 24 | $-0.14 | $0.13 | ||
| Q3 24 | $-0.14 | $0.10 | ||
| Q2 24 | $-0.08 | $0.14 | ||
| Q1 24 | $0.00 | $0.13 |
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 | — |
| 总债务越低越好 | $91.9M | — |
| 股东权益账面价值 | $543.5M | $125.0M |
| 总资产 | $771.0M | $147.2M |
| 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ACTGMPX
| Q4 25 | $306.7M | — | ||
| Q3 25 | $301.8M | — | ||
| Q2 25 | $316.7M | — | ||
| Q1 25 | $272.0M | — | ||
| Q4 24 | $273.9M | — | ||
| Q3 24 | $410.9M | — | ||
| Q2 24 | $441.9M | — | ||
| Q1 24 | $498.4M | — |
总债务ACTGMPX
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACTGMPX
| Q4 25 | $543.5M | $125.0M | ||
| Q3 25 | $537.6M | $126.3M | ||
| Q2 25 | $538.6M | $127.2M | ||
| Q1 25 | $540.2M | $126.4M | ||
| Q4 24 | $514.8M | $129.0M | ||
| Q3 24 | $540.2M | $128.8M | ||
| Q2 24 | $560.7M | $129.3M | ||
| Q1 24 | $568.3M | $151.4M |
总资产ACTGMPX
| Q4 25 | $771.0M | $147.2M | ||
| Q3 25 | $768.9M | $179.5M | ||
| Q2 25 | $775.5M | $173.2M | ||
| Q1 25 | $801.6M | $182.9M | ||
| Q4 24 | $756.4M | $171.2M | ||
| Q3 24 | $707.6M | $176.3M | ||
| Q2 24 | $753.6M | $175.7M | ||
| Q1 24 | $631.7M | $204.0M |
负债/权益比ACTGMPX
| 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 | $4.7M |
| 自由现金流经营现金流 - 资本支出 | — | $4.1M |
| 自由现金流率自由现金流/营收 | — | 6.4% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 22.01× | 2.00× |
| 过去12个月自由现金流最近4个季度 | — | $14.9M |
8季度趋势，按日历期对齐
经营现金流ACTGMPX
| Q4 25 | $75.2M | $4.7M | ||
| Q3 25 | $9.5M | $2.6M | ||
| Q2 25 | $50.1M | $-1.6M | ||
| Q1 25 | $2.4M | $10.8M | ||
| Q4 24 | $50.1M | $4.6M | ||
| Q3 24 | $-593.0K | $5.1M | ||
| Q2 24 | $16.1M | $3.8M | ||
| Q1 24 | $54.8M | $15.9M |
自由现金流ACTGMPX
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $-2.0M | ||
| Q1 25 | $335.0K | $10.7M | ||
| Q4 24 | $-98.5M | $3.6M | ||
| Q3 24 | $-2.8M | $3.2M | ||
| Q2 24 | $-126.7M | $3.0M | ||
| Q1 24 | $54.6M | $15.0M |
自由现金流率ACTGMPX
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | -3.0% | ||
| Q1 25 | 0.3% | 18.1% | ||
| Q4 24 | -201.8% | 7.6% | ||
| Q3 24 | -12.1% | 6.5% | ||
| Q2 24 | -490.5% | 4.4% | ||
| Q1 24 | 224.4% | 21.7% |
资本支出强度ACTGMPX
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 304.4% | 2.1% | ||
| Q3 24 | 9.6% | 3.8% | ||
| Q2 24 | 553.0% | 1.1% | ||
| Q1 24 | 1.1% | 1.3% |
现金转化率ACTGMPX
| Q4 25 | 22.01× | 2.00× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | 0.10× | 4.88× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 3.46× |
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% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
