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ACACIA RESEARCH CORP（ACTG）与Rumble Inc.（RUM）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Rumble Inc.的1.9倍（$50.1M vs $27.1M），ACACIA RESEARCH CORP净利率更高（6.8% vs -120.8%，领先127.6%），ACACIA RESEARCH CORP同比增速更快（2.6% vs -10.5%），过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs 15.2%）
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。
Rumble Inc.是一家加美跨国企业，主营在线视频平台、网络托管及云服务，总部位于加拿大多伦多，美国总部设在佛罗里达州朗博特基。公司由加拿大科技创业者克里斯·帕夫洛夫斯基于2013年创立，云服务板块为Truth Social提供托管支持，其视频平台在美国保守派及极右翼用户群体中广受欢迎，属于“另类科技”阵营。
ACTG vs RUM — 直观对比
营收规模更大
ACTG
是对方的1.9倍
$27.1M
营收增速更快
ACTG
高出13.1%
-10.5%
净利率更高
ACTG
高出127.6%
-120.8%
两年增速更快
ACTG
近两年复合增速
15.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $27.1M |
| 净利润 | $3.4M | $-32.7M |
| 毛利率 | 12.8% | 5.5% |
| 营业利润率 | -26.1% | -131.1% |
| 净利率 | 6.8% | -120.8% |
| 营收同比 | 2.6% | -10.5% |
| 净利润同比 | 125.5% | 86.2% |
| 每股收益（稀释后） | $0.03 | $-0.13 |
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ACTGRUM
| Q4 25 | $50.1M | $27.1M | ||
| Q3 25 | $59.4M | $24.8M | ||
| Q2 25 | $51.2M | — | ||
| Q1 25 | $124.4M | $23.7M | ||
| Q4 24 | $48.8M | $30.2M | ||
| Q3 24 | $23.3M | $25.1M | ||
| Q2 24 | $25.8M | $22.5M | ||
| Q1 24 | $24.3M | $17.7M |
净利润ACTGRUM
| Q4 25 | $3.4M | $-32.7M | ||
| Q3 25 | $-2.7M | $-16.3M | ||
| Q2 25 | $-3.3M | — | ||
| Q1 25 | $24.3M | $-2.7M | ||
| Q4 24 | $-13.4M | $-236.8M | ||
| Q3 24 | $-14.0M | $-31.5M | ||
| Q2 24 | $-8.4M | $-26.8M | ||
| Q1 24 | $-186.0K | $-43.3M |
毛利率ACTGRUM
| Q4 25 | 12.8% | 5.5% | ||
| Q3 25 | 21.2% | -1.8% | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 47.4% | -26.7% | ||
| Q4 24 | 17.6% | -14.2% | ||
| Q3 24 | 10.1% | -45.4% | ||
| Q2 24 | 26.2% | -58.8% | ||
| Q1 24 | 49.2% | -79.5% |
营业利润率ACTGRUM
| Q4 25 | -26.1% | -131.1% | ||
| Q3 25 | -10.8% | -113.6% | ||
| Q2 25 | -24.2% | — | ||
| Q1 25 | 30.8% | -153.5% | ||
| Q4 24 | -32.4% | -80.1% | ||
| Q3 24 | -44.1% | -131.0% | ||
| Q2 24 | -18.4% | -172.7% | ||
| Q1 24 | -8.6% | -197.4% |
净利率ACTGRUM
| Q4 25 | 6.8% | -120.8% | ||
| Q3 25 | -4.6% | -65.7% | ||
| Q2 25 | -6.4% | — | ||
| Q1 25 | 19.5% | -11.2% | ||
| Q4 24 | -27.5% | -783.2% | ||
| Q3 24 | -60.0% | -125.9% | ||
| Q2 24 | -32.7% | -119.2% | ||
| Q1 24 | -0.8% | -244.1% |
每股收益（稀释后）ACTGRUM
| Q4 25 | $0.03 | $-0.13 | ||
| Q3 25 | $-0.03 | $-0.06 | ||
| Q2 25 | $-0.03 | — | ||
| Q1 25 | $0.25 | $-0.01 | ||
| Q4 24 | $-0.14 | $-1.17 | ||
| Q3 24 | $-0.14 | $-0.15 | ||
| Q2 24 | $-0.08 | $-0.13 | ||
| Q1 24 | $0.00 | $-0.21 |
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 | $237.9M |
| 总债务越低越好 | $91.9M | — |
| 股东权益账面价值 | $543.5M | $274.8M |
| 总资产 | $771.0M | $336.8M |
| 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ACTGRUM
| Q4 25 | $306.7M | $237.9M | ||
| Q3 25 | $301.8M | $269.8M | ||
| Q2 25 | $316.7M | — | ||
| Q1 25 | $272.0M | $301.3M | ||
| Q4 24 | $273.9M | $114.0M | ||
| Q3 24 | $410.9M | $132.0M | ||
| Q2 24 | $441.9M | $154.2M | ||
| Q1 24 | $498.4M | $183.8M |
总债务ACTGRUM
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACTGRUM
| Q4 25 | $543.5M | $274.8M | ||
| Q3 25 | $537.6M | $302.2M | ||
| Q2 25 | $538.6M | — | ||
| Q1 25 | $540.2M | $339.6M | ||
| Q4 24 | $514.8M | $-63.1M | ||
| Q3 24 | $540.2M | $166.1M | ||
| Q2 24 | $560.7M | $192.7M | ||
| Q1 24 | $568.3M | $210.7M |
总资产ACTGRUM
| Q4 25 | $771.0M | $336.8M | ||
| Q3 25 | $768.9M | $367.2M | ||
| Q2 25 | $775.5M | — | ||
| Q1 25 | $801.6M | $391.1M | ||
| Q4 24 | $756.4M | $195.3M | ||
| Q3 24 | $707.6M | $217.2M | ||
| Q2 24 | $753.6M | $243.2M | ||
| Q1 24 | $631.7M | $263.0M |
负债/权益比ACTGRUM
| 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 | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-31.7M |
| 自由现金流率自由现金流/营收 | — | -117.2% |
| 资本支出强度资本支出/营收 | — | 8.5% |
| 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 | — | $-70.8M |
8季度趋势，按日历期对齐
经营现金流ACTGRUM
| Q4 25 | $75.2M | $-29.4M | ||
| Q3 25 | $9.5M | $-10.6M | ||
| Q2 25 | $50.1M | — | ||
| Q1 25 | $2.4M | $-14.5M | ||
| Q4 24 | $50.1M | $-12.4M | ||
| Q3 24 | $-593.0K | $-19.1M | ||
| Q2 24 | $16.1M | $-21.7M | ||
| Q1 24 | $54.8M | $-33.9M |
自由现金流ACTGRUM
| Q4 25 | — | $-31.7M | ||
| Q3 25 | — | $-12.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | $335.0K | $-14.6M | ||
| Q4 24 | $-98.5M | $-12.4M | ||
| Q3 24 | $-2.8M | $-19.9M | ||
| Q2 24 | $-126.7M | $-23.1M | ||
| Q1 24 | $54.6M | $-34.3M |
自由现金流率ACTGRUM
| Q4 25 | — | -117.2% | ||
| Q3 25 | — | -48.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.3% | -61.7% | ||
| Q4 24 | -201.8% | -40.9% | ||
| Q3 24 | -12.1% | -79.5% | ||
| Q2 24 | -490.5% | -102.8% | ||
| Q1 24 | 224.4% | -193.3% |
资本支出强度ACTGRUM
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.7% | 0.6% | ||
| Q4 24 | 304.4% | 0.1% | ||
| Q3 24 | 9.6% | 3.4% | ||
| Q2 24 | 553.0% | 6.1% | ||
| Q1 24 | 1.1% | 2.4% |
现金转化率ACTGRUM
| 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% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
