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ACACIA RESEARCH CORP（ACTG）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
REGIS CORP的季度营收约是ACACIA RESEARCH CORP的1.1倍（$57.1M vs $50.1M），ACACIA RESEARCH CORP净利率更高（6.8% vs 0.8%，领先6.0%），REGIS CORP同比增速更快（22.3% vs 2.6%），过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs 7.8%）
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。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
ACTG vs RGS — 直观对比
营收规模更大
RGS
是对方的1.1倍
$50.1M
营收增速更快
RGS
高出19.6%
2.6%
净利率更高
ACTG
高出6.0%
0.8%
两年增速更快
ACTG
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $57.1M |
| 净利润 | $3.4M | $456.0K |
| 毛利率 | 12.8% | — |
| 营业利润率 | -26.1% | 10.8% |
| 净利率 | 6.8% | 0.8% |
| 营收同比 | 2.6% | 22.3% |
| 净利润同比 | 125.5% | -94.0% |
| 每股收益（稀释后） | $0.03 | $0.16 |
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ACTGRGS
| Q4 25 | $50.1M | $57.1M | ||
| Q3 25 | $59.4M | $59.0M | ||
| Q2 25 | $51.2M | $60.4M | ||
| Q1 25 | $124.4M | $57.0M | ||
| Q4 24 | $48.8M | $46.7M | ||
| Q3 24 | $23.3M | $46.1M | ||
| Q2 24 | $25.8M | $49.4M | ||
| Q1 24 | $24.3M | $49.2M |
净利润ACTGRGS
| Q4 25 | $3.4M | $456.0K | ||
| Q3 25 | $-2.7M | $1.4M | ||
| Q2 25 | $-3.3M | $116.5M | ||
| Q1 25 | $24.3M | $250.0K | ||
| Q4 24 | $-13.4M | $7.6M | ||
| Q3 24 | $-14.0M | $-853.0K | ||
| Q2 24 | $-8.4M | $91.2M | ||
| Q1 24 | $-186.0K | $-2.3M |
毛利率ACTGRGS
| 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ACTGRGS
| Q4 25 | -26.1% | 10.8% | ||
| Q3 25 | -10.8% | 10.0% | ||
| Q2 25 | -24.2% | 12.1% | ||
| Q1 25 | 30.8% | 8.8% | ||
| Q4 24 | -32.4% | 11.8% | ||
| Q3 24 | -44.1% | 4.6% | ||
| Q2 24 | -18.4% | — | ||
| Q1 24 | -8.6% | 8.3% |
净利率ACTGRGS
| Q4 25 | 6.8% | 0.8% | ||
| Q3 25 | -4.6% | 2.3% | ||
| Q2 25 | -6.4% | 192.9% | ||
| Q1 25 | 19.5% | 0.4% | ||
| Q4 24 | -27.5% | 16.4% | ||
| Q3 24 | -60.0% | -1.9% | ||
| Q2 24 | -32.7% | 184.7% | ||
| Q1 24 | -0.8% | -4.7% |
每股收益（稀释后）ACTGRGS
| Q4 25 | $0.03 | $0.16 | ||
| Q3 25 | $-0.03 | $0.49 | ||
| Q2 25 | $-0.03 | $43.67 | ||
| Q1 25 | $0.25 | $0.08 | ||
| Q4 24 | $-0.14 | $2.71 | ||
| Q3 24 | $-0.14 | $-0.36 | ||
| Q2 24 | $-0.08 | $38.40 | ||
| Q1 24 | $0.00 | $-1.00 |
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 | $18.4M |
| 总债务越低越好 | $91.9M | $113.3M |
| 股东权益账面价值 | $543.5M | $188.7M |
| 总资产 | $771.0M | $588.3M |
| 负债/权益比越低杠杆越低 | 0.17× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资ACTGRGS
| Q4 25 | $306.7M | $18.4M | ||
| Q3 25 | $301.8M | $16.6M | ||
| Q2 25 | $316.7M | $17.0M | ||
| Q1 25 | $272.0M | $13.3M | ||
| Q4 24 | $273.9M | $10.2M | ||
| Q3 24 | $410.9M | $6.3M | ||
| Q2 24 | $441.9M | $10.1M | ||
| Q1 24 | $498.4M | $5.9M |
总债务ACTGRGS
| Q4 25 | $91.9M | $113.3M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $179.7M |
股东权益ACTGRGS
| Q4 25 | $543.5M | $188.7M | ||
| Q3 25 | $537.6M | $187.6M | ||
| Q2 25 | $538.6M | $185.6M | ||
| Q1 25 | $540.2M | $68.6M | ||
| Q4 24 | $514.8M | $66.7M | ||
| Q3 24 | $540.2M | $56.4M | ||
| Q2 24 | $560.7M | $56.8M | ||
| Q1 24 | $568.3M | $-35.8M |
总资产ACTGRGS
| Q4 25 | $771.0M | $588.3M | ||
| Q3 25 | $768.9M | $592.1M | ||
| Q2 25 | $775.5M | $599.0M | ||
| Q1 25 | $801.6M | $511.2M | ||
| Q4 24 | $756.4M | $530.1M | ||
| Q3 24 | $707.6M | $508.9M | ||
| Q2 24 | $753.6M | $530.5M | ||
| Q1 24 | $631.7M | $543.7M |
负债/权益比ACTGRGS
| Q4 25 | 0.17× | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| 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 | $1.7M |
| 自由现金流经营现金流 - 资本支出 | — | $891.0K |
| 自由现金流率自由现金流/营收 | — | 1.6% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | 22.01× | 3.65× |
| 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ACTGRGS
| Q4 25 | $75.2M | $1.7M | ||
| Q3 25 | $9.5M | $2.3M | ||
| Q2 25 | $50.1M | $6.8M | ||
| Q1 25 | $2.4M | $6.2M | ||
| Q4 24 | $50.1M | $2.1M | ||
| Q3 24 | $-593.0K | $-1.3M | ||
| Q2 24 | $16.1M | $5.1M | ||
| Q1 24 | $54.8M | $-277.0K |
自由现金流ACTGRGS
| Q4 25 | — | $891.0K | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | — | $6.2M | ||
| Q1 25 | $335.0K | $5.9M | ||
| Q4 24 | $-98.5M | $1.7M | ||
| Q3 24 | $-2.8M | $-1.4M | ||
| Q2 24 | $-126.7M | $5.1M | ||
| Q1 24 | $54.6M | $-326.0K |
自由现金流率ACTGRGS
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | 0.3% | 10.3% | ||
| Q4 24 | -201.8% | 3.6% | ||
| Q3 24 | -12.1% | -3.0% | ||
| Q2 24 | -490.5% | 10.3% | ||
| Q1 24 | 224.4% | -0.7% |
资本支出强度ACTGRGS
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | 1.7% | 0.6% | ||
| Q4 24 | 304.4% | 0.9% | ||
| Q3 24 | 9.6% | 0.0% | ||
| Q2 24 | 553.0% | 0.0% | ||
| Q1 24 | 1.1% | 0.1% |
现金转化率ACTGRGS
| Q4 25 | 22.01× | 3.65× | ||
| Q3 25 | — | 1.68× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | 0.10× | 24.80× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.06× | ||
| 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% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
