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ACACIA RESEARCH CORP（ACTG）与SANDRIDGE ENERGY INC（SD）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SANDRIDGE ENERGY INC的1.3倍（$50.1M vs $39.4M），SANDRIDGE ENERGY INC净利率更高（54.9% vs 6.8%，领先48.1%），ACACIA RESEARCH CORP同比增速更快（2.6% vs 1.1%），过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs 14.1%）
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。
桑德里奇能源公司是一家专注于油气勘探开发的能源企业，核心业务区域位于美国中大陆地区。公司依照特拉华州法律注册设立，总部设于俄克拉荷马州俄克拉荷马城，是北美本土颇具影响力的独立油气生产商。
ACTG vs SD — 直观对比
营收规模更大
ACTG
是对方的1.3倍
$39.4M
营收增速更快
ACTG
高出1.5%
1.1%
净利率更高
SD
高出48.1%
6.8%
两年增速更快
ACTG
近两年复合增速
14.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $39.4M |
| 净利润 | $3.4M | $21.6M |
| 毛利率 | 12.8% | — |
| 营业利润率 | -26.1% | 38.5% |
| 净利率 | 6.8% | 54.9% |
| 营收同比 | 2.6% | 1.1% |
| 净利润同比 | 125.5% | 23.1% |
| 每股收益（稀释后） | $0.03 | $0.59 |
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ACTGSD
| Q4 25 | $50.1M | $39.4M | ||
| Q3 25 | $59.4M | $39.8M | ||
| Q2 25 | $51.2M | $34.5M | ||
| Q1 25 | $124.4M | $42.6M | ||
| Q4 24 | $48.8M | $39.0M | ||
| Q3 24 | $23.3M | $30.1M | ||
| Q2 24 | $25.8M | $26.0M | ||
| Q1 24 | $24.3M | $30.3M |
净利润ACTGSD
| Q4 25 | $3.4M | $21.6M | ||
| Q3 25 | $-2.7M | $16.0M | ||
| Q2 25 | $-3.3M | $19.6M | ||
| Q1 25 | $24.3M | $13.0M | ||
| Q4 24 | $-13.4M | $17.6M | ||
| Q3 24 | $-14.0M | $25.5M | ||
| Q2 24 | $-8.4M | $8.8M | ||
| Q1 24 | $-186.0K | $11.1M |
毛利率ACTGSD
| 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ACTGSD
| Q4 25 | -26.1% | 38.5% | ||
| Q3 25 | -10.8% | 37.8% | ||
| Q2 25 | -24.2% | 53.7% | ||
| Q1 25 | 30.8% | 28.6% | ||
| Q4 24 | -32.4% | 25.9% | ||
| Q3 24 | -44.1% | 28.3% | ||
| Q2 24 | -18.4% | 23.9% | ||
| Q1 24 | -8.6% | 27.8% |
净利率ACTGSD
| Q4 25 | 6.8% | 54.9% | ||
| Q3 25 | -4.6% | 40.1% | ||
| Q2 25 | -6.4% | 56.6% | ||
| Q1 25 | 19.5% | 30.6% | ||
| Q4 24 | -27.5% | 45.1% | ||
| Q3 24 | -60.0% | 84.8% | ||
| Q2 24 | -32.7% | 33.9% | ||
| Q1 24 | -0.8% | 36.7% |
每股收益（稀释后）ACTGSD
| Q4 25 | $0.03 | $0.59 | ||
| Q3 25 | $-0.03 | $0.43 | ||
| Q2 25 | $-0.03 | $0.53 | ||
| Q1 25 | $0.25 | $0.35 | ||
| Q4 24 | $-0.14 | $0.46 | ||
| Q3 24 | $-0.14 | $0.69 | ||
| Q2 24 | $-0.08 | $0.24 | ||
| Q1 24 | $0.00 | $0.30 |
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 | $111.0M |
| 总债务越低越好 | $91.9M | — |
| 股东权益账面价值 | $543.5M | $510.9M |
| 总资产 | $771.0M | $644.0M |
| 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ACTGSD
| Q4 25 | $306.7M | $111.0M | ||
| Q3 25 | $301.8M | $101.2M | ||
| Q2 25 | $316.7M | $102.8M | ||
| Q1 25 | $272.0M | $99.7M | ||
| Q4 24 | $273.9M | $98.1M | ||
| Q3 24 | $410.9M | $92.7M | ||
| Q2 24 | $441.9M | $209.9M | ||
| Q1 24 | $498.4M | $207.0M |
总债务ACTGSD
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACTGSD
| Q4 25 | $543.5M | $510.9M | ||
| Q3 25 | $537.6M | $492.4M | ||
| Q2 25 | $538.6M | $480.2M | ||
| Q1 25 | $540.2M | $464.9M | ||
| Q4 24 | $514.8M | $460.5M | ||
| Q3 24 | $540.2M | $446.8M | ||
| Q2 24 | $560.7M | $424.8M | ||
| Q1 24 | $568.3M | $419.7M |
总资产ACTGSD
| Q4 25 | $771.0M | $644.0M | ||
| Q3 25 | $768.9M | $619.0M | ||
| Q2 25 | $775.5M | $602.3M | ||
| Q1 25 | $801.6M | $588.3M | ||
| Q4 24 | $756.4M | $581.5M | ||
| Q3 24 | $707.6M | $565.2M | ||
| Q2 24 | $753.6M | $529.6M | ||
| Q1 24 | $631.7M | $527.4M |
负债/权益比ACTGSD
| 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 | $31.7M |
| 自由现金流经营现金流 - 资本支出 | — | $14.4M |
| 自由现金流率自由现金流/营收 | — | 36.6% |
| 资本支出强度资本支出/营收 | — | 43.8% |
| 现金转化率经营现金流/净利润 | 22.01× | 1.46× |
| 过去12个月自由现金流最近4个季度 | — | $41.5M |
8季度趋势，按日历期对齐
经营现金流ACTGSD
| Q4 25 | $75.2M | $31.7M | ||
| Q3 25 | $9.5M | $25.3M | ||
| Q2 25 | $50.1M | $22.9M | ||
| Q1 25 | $2.4M | $20.3M | ||
| Q4 24 | $50.1M | $26.0M | ||
| Q3 24 | $-593.0K | $20.8M | ||
| Q2 24 | $16.1M | $11.4M | ||
| Q1 24 | $54.8M | $15.7M |
自由现金流ACTGSD
| Q4 25 | — | $14.4M | ||
| Q3 25 | — | $5.9M | ||
| Q2 25 | — | $7.3M | ||
| Q1 25 | $335.0K | $13.9M | ||
| Q4 24 | $-98.5M | $13.2M | ||
| Q3 24 | $-2.8M | $10.8M | ||
| Q2 24 | $-126.7M | $9.0M | ||
| Q1 24 | $54.6M | $14.6M |
自由现金流率ACTGSD
| Q4 25 | — | 36.6% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 21.0% | ||
| Q1 25 | 0.3% | 32.7% | ||
| Q4 24 | -201.8% | 33.8% | ||
| Q3 24 | -12.1% | 36.1% | ||
| Q2 24 | -490.5% | 34.5% | ||
| Q1 24 | 224.4% | 48.1% |
资本支出强度ACTGSD
| Q4 25 | — | 43.8% | ||
| Q3 25 | — | 48.6% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | 1.7% | 15.0% | ||
| Q4 24 | 304.4% | 32.9% | ||
| Q3 24 | 9.6% | 33.3% | ||
| Q2 24 | 553.0% | 9.4% | ||
| Q1 24 | 1.1% | 3.7% |
现金转化率ACTGSD
| Q4 25 | 22.01× | 1.46× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | 0.10× | 1.56× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.41× |
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% |
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
