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ACACIA RESEARCH CORP（ACTG）与STEM, INC.（STEM）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STEM, INC.的1.1倍（$50.1M vs $47.1M），ACACIA RESEARCH CORP净利率更高（6.8% vs -33.9%，领先40.7%），ACACIA RESEARCH CORP同比增速更快（2.6% vs -15.6%），过去两年ACACIA RESEARCH CORP的营收复合增速更高（43.6% vs 36.1%）
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。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
ACTG vs STEM — 直观对比
营收规模更大
ACTG
是对方的1.1倍
$47.1M
营收增速更快
ACTG
高出18.2%
-15.6%
净利率更高
ACTG
高出40.7%
-33.9%
两年增速更快
ACTG
近两年复合增速
36.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $50.1M | $47.1M |
| 净利润 | $3.4M | $-16.0M |
| 毛利率 | 12.8% | 48.9% |
| 营业利润率 | -26.1% | -17.7% |
| 净利率 | 6.8% | -33.9% |
| 营收同比 | 2.6% | -15.6% |
| 净利润同比 | 125.5% | 68.8% |
| 每股收益（稀释后） | $0.03 | $-4.40 |
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ACTGSTEM
| Q4 25 | $50.1M | $47.1M | ||
| Q3 25 | $59.4M | $38.2M | ||
| Q2 25 | $51.2M | $38.4M | ||
| Q1 25 | $124.4M | $32.5M | ||
| Q4 24 | $48.8M | $55.8M | ||
| Q3 24 | $23.3M | $29.3M | ||
| Q2 24 | $25.8M | $34.0M | ||
| Q1 24 | $24.3M | $25.5M |
净利润ACTGSTEM
| Q4 25 | $3.4M | $-16.0M | ||
| Q3 25 | $-2.7M | $-23.8M | ||
| Q2 25 | $-3.3M | $202.5M | ||
| Q1 25 | $24.3M | $-25.0M | ||
| Q4 24 | $-13.4M | $-51.1M | ||
| Q3 24 | $-14.0M | $-148.3M | ||
| Q2 24 | $-8.4M | $-582.3M | ||
| Q1 24 | $-186.0K | $-72.3M |
毛利率ACTGSTEM
| Q4 25 | 12.8% | 48.9% | ||
| Q3 25 | 21.2% | 35.5% | ||
| Q2 25 | 12.8% | 33.4% | ||
| Q1 25 | 47.4% | 32.4% | ||
| Q4 24 | 17.6% | -4.4% | ||
| Q3 24 | 10.1% | 21.2% | ||
| Q2 24 | 26.2% | 27.6% | ||
| Q1 24 | 49.2% | -95.0% |
营业利润率ACTGSTEM
| Q4 25 | -26.1% | -17.7% | ||
| Q3 25 | -10.8% | -33.6% | ||
| Q2 25 | -24.2% | -34.8% | ||
| Q1 25 | 30.8% | -65.0% | ||
| Q4 24 | -32.4% | -84.4% | ||
| Q3 24 | -44.1% | -493.2% | ||
| Q2 24 | -18.4% | -1705.5% | ||
| Q1 24 | -8.6% | -267.0% |
净利率ACTGSTEM
| Q4 25 | 6.8% | -33.9% | ||
| Q3 25 | -4.6% | -62.2% | ||
| Q2 25 | -6.4% | 527.8% | ||
| Q1 25 | 19.5% | -76.9% | ||
| Q4 24 | -27.5% | -91.6% | ||
| Q3 24 | -60.0% | -506.3% | ||
| Q2 24 | -32.7% | -1712.6% | ||
| Q1 24 | -0.8% | -283.9% |
每股收益（稀释后）ACTGSTEM
| Q4 25 | $0.03 | $-4.40 | ||
| Q3 25 | $-0.03 | $-2.84 | ||
| Q2 25 | $-0.03 | $-1.79 | ||
| Q1 25 | $0.25 | $-0.15 | ||
| Q4 24 | $-0.14 | $-15.29 | ||
| Q3 24 | $-0.14 | $-18.24 | ||
| Q2 24 | $-0.08 | $-71.81 | ||
| Q1 24 | $0.00 | $-0.46 |
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 | $48.9M |
| 总债务越低越好 | $91.9M | — |
| 股东权益账面价值 | $543.5M | $-249.4M |
| 总资产 | $771.0M | $308.9M |
| 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ACTGSTEM
| Q4 25 | $306.7M | $48.9M | ||
| Q3 25 | $301.8M | $43.1M | ||
| Q2 25 | $316.7M | $40.8M | ||
| Q1 25 | $272.0M | $58.6M | ||
| Q4 24 | $273.9M | $56.3M | ||
| Q3 24 | $410.9M | $75.4M | ||
| Q2 24 | $441.9M | $89.6M | ||
| Q1 24 | $498.4M | $112.8M |
总债务ACTGSTEM
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACTGSTEM
| Q4 25 | $543.5M | $-249.4M | ||
| Q3 25 | $537.6M | $-235.7M | ||
| Q2 25 | $538.6M | $-214.1M | ||
| Q1 25 | $540.2M | $-417.5M | ||
| Q4 24 | $514.8M | $-398.4M | ||
| Q3 24 | $540.2M | $-344.1M | ||
| Q2 24 | $560.7M | $-203.2M | ||
| Q1 24 | $568.3M | $371.6M |
总资产ACTGSTEM
| Q4 25 | $771.0M | $308.9M | ||
| Q3 25 | $768.9M | $362.6M | ||
| Q2 25 | $775.5M | $379.2M | ||
| Q1 25 | $801.6M | $405.1M | ||
| Q4 24 | $756.4M | $437.4M | ||
| Q3 24 | $707.6M | $537.8M | ||
| Q2 24 | $753.6M | $691.5M | ||
| Q1 24 | $631.7M | $1.3B |
负债/权益比ACTGSTEM
| 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 | $8.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ACTGSTEM
| Q4 25 | $75.2M | $8.2M | ||
| Q3 25 | $9.5M | $11.4M | ||
| Q2 25 | $50.1M | $-21.3M | ||
| Q1 25 | $2.4M | $8.5M | ||
| Q4 24 | $50.1M | $-14.7M | ||
| Q3 24 | $-593.0K | $-9.4M | ||
| Q2 24 | $16.1M | $-11.9M | ||
| Q1 24 | $54.8M | $-621.0K |
自由现金流ACTGSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $335.0K | — | ||
| Q4 24 | $-98.5M | — | ||
| Q3 24 | $-2.8M | — | ||
| Q2 24 | $-126.7M | — | ||
| Q1 24 | $54.6M | — |
自由现金流率ACTGSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | -201.8% | — | ||
| Q3 24 | -12.1% | — | ||
| Q2 24 | -490.5% | — | ||
| Q1 24 | 224.4% | — |
资本支出强度ACTGSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 304.4% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 553.0% | — | ||
| Q1 24 | 1.1% | — |
现金转化率ACTGSTEM
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| 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% |
STEM
暂无分部数据
