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ACACIA RESEARCH CORP（ACTG）与READING INTERNATIONAL INC（RDI）财务数据对比。点击上方公司名可切换其他公司
READING INTERNATIONAL INC的季度营收约是ACACIA RESEARCH CORP的1.0倍（$50.3M vs $50.1M），ACACIA RESEARCH CORP净利率更高（6.8% vs -5.1%，领先11.9%），ACACIA RESEARCH CORP同比增速更快（2.6% vs -14.2%），过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs 5.6%）
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。
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
ACTG vs RDI — 直观对比
营收规模更大
RDI
是对方的1.0倍
$50.1M
营收增速更快
ACTG
高出16.8%
-14.2%
净利率更高
ACTG
高出11.9%
-5.1%
两年增速更快
ACTG
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $50.3M |
| 净利润 | $3.4M | $-2.6M |
| 毛利率 | 12.8% | — |
| 营业利润率 | -26.1% | -1.9% |
| 净利率 | 6.8% | -5.1% |
| 营收同比 | 2.6% | -14.2% |
| 净利润同比 | 125.5% | -14.5% |
| 每股收益（稀释后） | $0.03 | $-0.11 |
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ACTGRDI
| Q4 25 | $50.1M | $50.3M | ||
| Q3 25 | $59.4M | $52.2M | ||
| Q2 25 | $51.2M | $60.4M | ||
| Q1 25 | $124.4M | $40.2M | ||
| Q4 24 | $48.8M | $58.6M | ||
| Q3 24 | $23.3M | $60.1M | ||
| Q2 24 | $25.8M | $46.8M | ||
| Q1 24 | $24.3M | $45.1M |
净利润ACTGRDI
| Q4 25 | $3.4M | $-2.6M | ||
| Q3 25 | $-2.7M | $-4.2M | ||
| Q2 25 | $-3.3M | $-2.7M | ||
| Q1 25 | $24.3M | $-4.8M | ||
| Q4 24 | $-13.4M | $-2.2M | ||
| Q3 24 | $-14.0M | $-7.0M | ||
| Q2 24 | $-8.4M | $-12.8M | ||
| Q1 24 | $-186.0K | $-13.2M |
毛利率ACTGRDI
| Q4 25 | 12.8% | — | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 47.4% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 26.2% | — | ||
| Q1 24 | 49.2% | — |
营业利润率ACTGRDI
| Q4 25 | -26.1% | -1.9% | ||
| Q3 25 | -10.8% | -0.6% | ||
| Q2 25 | -24.2% | 4.8% | ||
| Q1 25 | 30.8% | -17.2% | ||
| Q4 24 | -32.4% | 2.6% | ||
| Q3 24 | -44.1% | -0.6% | ||
| Q2 24 | -18.4% | -16.4% | ||
| Q1 24 | -8.6% | -16.7% |
净利率ACTGRDI
| Q4 25 | 6.8% | -5.1% | ||
| Q3 25 | -4.6% | -8.0% | ||
| Q2 25 | -6.4% | -4.4% | ||
| Q1 25 | 19.5% | -11.8% | ||
| Q4 24 | -27.5% | -3.8% | ||
| Q3 24 | -60.0% | -11.7% | ||
| Q2 24 | -32.7% | -27.4% | ||
| Q1 24 | -0.8% | -29.4% |
每股收益（稀释后）ACTGRDI
| Q4 25 | $0.03 | $-0.11 | ||
| Q3 25 | $-0.03 | $-0.18 | ||
| Q2 25 | $-0.03 | $-0.12 | ||
| Q1 25 | $0.25 | $-0.21 | ||
| Q4 24 | $-0.14 | $-0.11 | ||
| Q3 24 | $-0.14 | $-0.31 | ||
| Q2 24 | $-0.08 | $-0.57 | ||
| Q1 24 | $0.00 | $-0.59 |
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 | $10.5M |
| 总债务越低越好 | $91.9M | $185.1M |
| 股东权益账面价值 | $543.5M | $-18.2M |
| 总资产 | $771.0M | $434.9M |
| 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ACTGRDI
| Q4 25 | $306.7M | $10.5M | ||
| Q3 25 | $301.8M | $8.1M | ||
| Q2 25 | $316.7M | $9.1M | ||
| Q1 25 | $272.0M | $5.9M | ||
| Q4 24 | $273.9M | $12.4M | ||
| Q3 24 | $410.9M | $10.1M | ||
| Q2 24 | $441.9M | $9.3M | ||
| Q1 24 | $498.4M | $7.5M |
总债务ACTGRDI
| Q4 25 | $91.9M | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACTGRDI
| Q4 25 | $543.5M | $-18.2M | ||
| Q3 25 | $537.6M | $-12.1M | ||
| Q2 25 | $538.6M | $-7.7M | ||
| Q1 25 | $540.2M | $-8.1M | ||
| Q4 24 | $514.8M | $-4.4M | ||
| Q3 24 | $540.2M | $1.6M | ||
| Q2 24 | $560.7M | $6.5M | ||
| Q1 24 | $568.3M | $18.0M |
总资产ACTGRDI
| Q4 25 | $771.0M | $434.9M | ||
| Q3 25 | $768.9M | $435.2M | ||
| Q2 25 | $775.5M | $438.1M | ||
| Q1 25 | $801.6M | $441.0M | ||
| Q4 24 | $756.4M | $471.0M | ||
| Q3 24 | $707.6M | $495.7M | ||
| Q2 24 | $753.6M | $494.9M | ||
| Q1 24 | $631.7M | $494.9M |
负债/权益比ACTGRDI
| 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 | $4.3M |
| 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 | — | 8.2% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 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 | — | $-2.9M |
8季度趋势，按日历期对齐
经营现金流ACTGRDI
| Q4 25 | $75.2M | $4.3M | ||
| Q3 25 | $9.5M | $295.0K | ||
| Q2 25 | $50.1M | $1.6M | ||
| Q1 25 | $2.4M | $-7.7M | ||
| Q4 24 | $50.1M | $8.0M | ||
| Q3 24 | $-593.0K | $1.3M | ||
| Q2 24 | $16.1M | $-10.4M | ||
| Q1 24 | $54.8M | $-2.8M |
自由现金流ACTGRDI
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | $335.0K | $-8.0M | ||
| Q4 24 | $-98.5M | $7.0M | ||
| Q3 24 | $-2.8M | $-1.1M | ||
| Q2 24 | $-126.7M | $-10.6M | ||
| Q1 24 | $54.6M | $-4.7M |
自由现金流率ACTGRDI
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | 0.3% | -19.8% | ||
| Q4 24 | -201.8% | 12.0% | ||
| Q3 24 | -12.1% | -1.8% | ||
| Q2 24 | -490.5% | -22.7% | ||
| Q1 24 | 224.4% | -10.4% |
资本支出强度ACTGRDI
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 1.7% | 0.6% | ||
| Q4 24 | 304.4% | 1.7% | ||
| Q3 24 | 9.6% | 4.0% | ||
| Q2 24 | 553.0% | 0.5% | ||
| Q1 24 | 1.1% | 4.3% |
现金转化率ACTGRDI
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| 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% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
