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ACACIA RESEARCH CORP（ACTG）与RESEARCH FRONTIERS INC（REFR）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RESEARCH FRONTIERS INC的695.0倍（$50.1M vs $72.1K）。ACACIA RESEARCH CORP净利率更高（6.8% vs -1061.5%，领先1068.3%）。ACACIA RESEARCH CORP同比增速更快（2.6% vs -59.5%）。过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs -52.0%）
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。
Research Frontiers是一家总部位于美国纽约伍德伯里的纳米科技企业，1965年由罗伯特·萨克斯创立，创立初衷是开发从宝丽来拆分出的光线控制技术，即智能玻璃。目前公司主要研发并授权专利技术 SPD 智能玻璃，现有六名全职员工。
ACTG vs REFR — 直观对比
营收规模更大
ACTG
是对方的695.0倍
$72.1K
营收增速更快
ACTG
高出62.1%
-59.5%
净利率更高
ACTG
高出1068.3%
-1061.5%
两年增速更快
ACTG
近两年复合增速
-52.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $72.1K |
| 净利润 | $3.4M | $-765.6K |
| 毛利率 | 12.8% | — |
| 营业利润率 | -26.1% | -1072.5% |
| 净利率 | 6.8% | -1061.5% |
| 营收同比 | 2.6% | -59.5% |
| 净利润同比 | 125.5% | -25.9% |
| 每股收益（稀释后） | $0.03 | $-0.02 |
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ACTGREFR
| Q4 25 | $50.1M | $72.1K | ||
| Q3 25 | $59.4M | $359.4K | ||
| Q2 25 | $51.2M | $129.9K | ||
| Q1 25 | $124.4M | $559.8K | ||
| Q4 24 | $48.8M | $178.2K | ||
| Q3 24 | $23.3M | $354.4K | ||
| Q2 24 | $25.8M | $489.6K | ||
| Q1 24 | $24.3M | $313.4K |
净利润ACTGREFR
| Q4 25 | $3.4M | $-765.6K | ||
| Q3 25 | $-2.7M | $-298.5K | ||
| Q2 25 | $-3.3M | $-803.8K | ||
| Q1 25 | $24.3M | $-177.7K | ||
| Q4 24 | $-13.4M | $-607.9K | ||
| Q3 24 | $-14.0M | $-166.8K | ||
| Q2 24 | $-8.4M | $-94.0K | ||
| Q1 24 | $-186.0K | $-442.6K |
毛利率ACTGREFR
| 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ACTGREFR
| Q4 25 | -26.1% | -1072.5% | ||
| Q3 25 | -10.8% | -84.6% | ||
| Q2 25 | -24.2% | -627.5% | ||
| Q1 25 | 30.8% | -42.8% | ||
| Q4 24 | -32.4% | -350.4% | ||
| Q3 24 | -44.1% | -65.4% | ||
| Q2 24 | -18.4% | -23.7% | ||
| Q1 24 | -8.6% | -149.9% |
净利率ACTGREFR
| Q4 25 | 6.8% | -1061.5% | ||
| Q3 25 | -4.6% | -83.0% | ||
| Q2 25 | -6.4% | -618.8% | ||
| Q1 25 | 19.5% | -31.7% | ||
| Q4 24 | -27.5% | -341.2% | ||
| Q3 24 | -60.0% | -47.1% | ||
| Q2 24 | -32.7% | -19.2% | ||
| Q1 24 | -0.8% | -141.2% |
每股收益（稀释后）ACTGREFR
| Q4 25 | $0.03 | $-0.02 | ||
| Q3 25 | $-0.03 | $-0.01 | ||
| Q2 25 | $-0.03 | $-0.02 | ||
| Q1 25 | $0.25 | $-0.01 | ||
| Q4 24 | $-0.14 | $-0.03 | ||
| Q3 24 | $-0.14 | $0.00 | ||
| Q2 24 | $-0.08 | $0.00 | ||
| Q1 24 | $0.00 | $-0.01 |
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 | $664.3K |
| 总债务越低越好 | $91.9M | — |
| 股东权益账面价值 | $543.5M | $933.6K |
| 总资产 | $771.0M | $2.3M |
| 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ACTGREFR
| Q4 25 | $306.7M | $664.3K | ||
| Q3 25 | $301.8M | $1.1M | ||
| Q2 25 | $316.7M | $1.3M | ||
| Q1 25 | $272.0M | $1.4M | ||
| Q4 24 | $273.9M | $2.0M | ||
| Q3 24 | $410.9M | $1.6M | ||
| Q2 24 | $441.9M | $1.9M | ||
| Q1 24 | $498.4M | $2.1M |
总债务ACTGREFR
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACTGREFR
| Q4 25 | $543.5M | $933.6K | ||
| Q3 25 | $537.6M | $1.5M | ||
| Q2 25 | $538.6M | $1.8M | ||
| Q1 25 | $540.2M | $2.4M | ||
| Q4 24 | $514.8M | $2.6M | ||
| Q3 24 | $540.2M | $2.8M | ||
| Q2 24 | $560.7M | $3.0M | ||
| Q1 24 | $568.3M | $3.1M |
总资产ACTGREFR
| Q4 25 | $771.0M | $2.3M | ||
| Q3 25 | $768.9M | $2.8M | ||
| Q2 25 | $775.5M | $3.2M | ||
| Q1 25 | $801.6M | $3.8M | ||
| Q4 24 | $756.4M | $4.0M | ||
| Q3 24 | $707.6M | $3.0M | ||
| Q2 24 | $753.6M | $3.4M | ||
| Q1 24 | $631.7M | $3.5M |
负债/权益比ACTGREFR
| 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 | $-465.9K |
| 自由现金流经营现金流 - 资本支出 | — | $-466.1K |
| 自由现金流率自由现金流/营收 | — | -646.2% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 现金转化率经营现金流/净利润 | 3.85× | — |
| 过去12个月自由现金流最近4个季度 | — | $-1.3M |
8季度趋势，按日历期对齐
经营现金流ACTGREFR
| Q4 25 | $13.2M | $-465.9K | ||
| Q3 25 | $9.5M | $-143.5K | ||
| Q2 25 | $50.1M | $-78.4K | ||
| Q1 25 | $2.4M | $-641.3K | ||
| Q4 24 | $-20.3M | $47.1K | ||
| Q3 24 | $-593.0K | $-257.9K | ||
| Q2 24 | $16.1M | $-186.9K | ||
| Q1 24 | $54.8M | $-391.1K |
自由现金流ACTGREFR
| Q4 25 | — | $-466.1K | ||
| Q3 25 | — | $-143.9K | ||
| Q2 25 | — | $-78.5K | ||
| Q1 25 | $335.0K | $-641.4K | ||
| Q4 24 | $-23.6M | $46.2K | ||
| Q3 24 | $-2.8M | $-258.5K | ||
| Q2 24 | $-126.7M | $-187.0K | ||
| Q1 24 | $54.6M | $-391.2K |
自由现金流率ACTGREFR
| Q4 25 | — | -646.2% | ||
| Q3 25 | — | -40.0% | ||
| Q2 25 | — | -60.5% | ||
| Q1 25 | 0.3% | -114.6% | ||
| Q4 24 | -48.2% | 25.9% | ||
| Q3 24 | -12.1% | -72.9% | ||
| Q2 24 | -490.5% | -38.2% | ||
| Q1 24 | 224.4% | -124.8% |
资本支出强度ACTGREFR
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | 1.7% | 0.0% | ||
| Q4 24 | 6.7% | 0.5% | ||
| Q3 24 | 9.6% | 0.2% | ||
| Q2 24 | 553.0% | 0.0% | ||
| Q1 24 | 1.1% | 0.0% |
现金转化率ACTGREFR
| Q4 25 | 3.85× | — | ||
| 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% |
REFR
暂无分部数据
