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ACACIA RESEARCH CORP（ACTG）与Maison Solutions Inc.（MSS）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Maison Solutions Inc.的1.8倍（$50.1M vs $27.6M），ACACIA RESEARCH CORP净利率更高（6.8% vs -18.0%，领先24.8%），ACACIA RESEARCH CORP同比增速更快（2.6% vs -10.9%），过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs 42.5%）
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。
Maison Solutions Inc.是一家专注于家居零售的企业，主要运营市场位于中国粤港澳大湾区，面向大众消费者提供高性价比的时尚家具、家居装饰用品及日常家用百货，同时布局线下实体门店与线上电商销售渠道。
ACTG vs MSS — 直观对比
营收规模更大
ACTG
是对方的1.8倍
$27.6M
营收增速更快
ACTG
高出13.6%
-10.9%
净利率更高
ACTG
高出24.8%
-18.0%
两年增速更快
ACTG
近两年复合增速
42.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $27.6M |
| 净利润 | $3.4M | $-5.0M |
| 毛利率 | 12.8% | 23.4% |
| 营业利润率 | -26.1% | -4.9% |
| 净利率 | 6.8% | -18.0% |
| 营收同比 | 2.6% | -10.9% |
| 净利润同比 | 125.5% | -1840.5% |
| 每股收益（稀释后） | $0.03 | $-0.23 |
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ACTGMSS
| Q4 25 | $50.1M | $27.6M | ||
| Q3 25 | $59.4M | $27.2M | ||
| Q2 25 | $51.2M | $34.4M | ||
| Q1 25 | $124.4M | $32.3M | ||
| Q4 24 | $48.8M | $29.4M | ||
| Q3 24 | $23.3M | $28.2M | ||
| Q2 24 | $25.8M | $16.9M | ||
| Q1 24 | $24.3M | $13.6M |
净利润ACTGMSS
| Q4 25 | $3.4M | $-5.0M | ||
| Q3 25 | $-2.7M | $-1.5M | ||
| Q2 25 | $-3.3M | $-287.4K | ||
| Q1 25 | $24.3M | $1.0M | ||
| Q4 24 | $-13.4M | $-256.0K | ||
| Q3 24 | $-14.0M | $700.9K | ||
| Q2 24 | $-8.4M | $-2.8M | ||
| Q1 24 | $-186.0K | $-549.0K |
毛利率ACTGMSS
| Q4 25 | 12.8% | 23.4% | ||
| Q3 25 | 21.2% | 24.1% | ||
| Q2 25 | 12.8% | 9.5% | ||
| Q1 25 | 47.4% | 21.8% | ||
| Q4 24 | 17.6% | 26.9% | ||
| Q3 24 | 10.1% | 28.9% | ||
| Q2 24 | 26.2% | 13.0% | ||
| Q1 24 | 49.2% | 23.4% |
营业利润率ACTGMSS
| Q4 25 | -26.1% | -4.9% | ||
| Q3 25 | -10.8% | 0.7% | ||
| Q2 25 | -24.2% | -15.9% | ||
| Q1 25 | 30.8% | 3.7% | ||
| Q4 24 | -32.4% | 3.2% | ||
| Q3 24 | -44.1% | 7.3% | ||
| Q2 24 | -18.4% | -14.4% | ||
| Q1 24 | -8.6% | -2.3% |
净利率ACTGMSS
| Q4 25 | 6.8% | -18.0% | ||
| Q3 25 | -4.6% | -5.7% | ||
| Q2 25 | -6.4% | -0.8% | ||
| Q1 25 | 19.5% | 3.1% | ||
| Q4 24 | -27.5% | -0.9% | ||
| Q3 24 | -60.0% | 2.5% | ||
| Q2 24 | -32.7% | -16.4% | ||
| Q1 24 | -0.8% | -4.0% |
每股收益（稀释后）ACTGMSS
| Q4 25 | $0.03 | $-0.23 | ||
| Q3 25 | $-0.03 | $-0.08 | ||
| Q2 25 | $-0.03 | $-0.02 | ||
| Q1 25 | $0.25 | $0.06 | ||
| Q4 24 | $-0.14 | $-0.01 | ||
| Q3 24 | $-0.14 | $0.04 | ||
| Q2 24 | $-0.08 | $-0.16 | ||
| Q1 24 | $0.00 | $-0.03 |
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 | $2.6M |
| 股东权益账面价值 | $543.5M | $11.6M |
| 总资产 | $771.0M | $75.4M |
| 负债/权益比越低杠杆越低 | 0.17× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资ACTGMSS
| Q4 25 | $306.7M | — | ||
| Q3 25 | $301.8M | $1.1M | ||
| Q2 25 | $316.7M | $775.4K | ||
| Q1 25 | $272.0M | $445.4K | ||
| Q4 24 | $273.9M | $355.7K | ||
| Q3 24 | $410.9M | $588.9K | ||
| Q2 24 | $441.9M | $2.1M | ||
| Q1 24 | $498.4M | $9.4M |
总债务ACTGMSS
| Q4 25 | $91.9M | $2.6M | ||
| Q3 25 | — | $2.6M | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.5M | ||
| Q2 24 | — | $2.6M | ||
| Q1 24 | — | $2.6M |
股东权益ACTGMSS
| Q4 25 | $543.5M | $11.6M | ||
| Q3 25 | $537.6M | $10.1M | ||
| Q2 25 | $538.6M | $11.7M | ||
| Q1 25 | $540.2M | $12.0M | ||
| Q4 24 | $514.8M | $10.9M | ||
| Q3 24 | $540.2M | $11.2M | ||
| Q2 24 | $560.7M | $10.5M | ||
| Q1 24 | $568.3M | $13.3M |
总资产ACTGMSS
| Q4 25 | $771.0M | $75.4M | ||
| Q3 25 | $768.9M | $73.3M | ||
| Q2 25 | $775.5M | $77.4M | ||
| Q1 25 | $801.6M | $82.7M | ||
| Q4 24 | $756.4M | $82.7M | ||
| Q3 24 | $707.6M | $82.1M | ||
| Q2 24 | $753.6M | $82.4M | ||
| Q1 24 | $631.7M | $44.2M |
负债/权益比ACTGMSS
| Q4 25 | 0.17× | 0.22× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.24× | ||
| Q1 24 | — | 0.19× |
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 | $-1.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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ACTGMSS
| Q4 25 | $75.2M | $-1.7M | ||
| Q3 25 | $9.5M | $1.1M | ||
| Q2 25 | $50.1M | $-1.6M | ||
| Q1 25 | $2.4M | $1.7M | ||
| Q4 24 | $50.1M | $1.1M | ||
| Q3 24 | $-593.0K | $3.6M | ||
| Q2 24 | $16.1M | $-2.6M | ||
| Q1 24 | $54.8M | $-1.4M |
自由现金流ACTGMSS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $335.0K | — | ||
| Q4 24 | $-98.5M | — | ||
| Q3 24 | $-2.8M | — | ||
| Q2 24 | $-126.7M | — | ||
| Q1 24 | $54.6M | — |
自由现金流率ACTGMSS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | -201.8% | — | ||
| Q3 24 | -12.1% | — | ||
| Q2 24 | -490.5% | — | ||
| Q1 24 | 224.4% | — |
资本支出强度ACTGMSS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 304.4% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 553.0% | — | ||
| Q1 24 | 1.1% | — |
现金转化率ACTGMSS
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | 1.66× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.12× | ||
| 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% |
MSS
| Perishables | $14.4M | 52% |
| Nonperishables | $13.2M | 48% |
