Acacia Research Corporation (ACTG) 10-Year Financial Performance & Capital Metrics

ACTG • • Industrial / General

IndustrialsBusiness ServicesIntellectual Property & Licensing ServicesIP Licensing & Management

AboutAcacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through two segments, Intellectual Property Operations and Industrial Operations. The company owns or controls the rights to various patent portfolios, which include U.S. patents and foreign counterparts covering technologies used in a range of industries. It has executed approximately 1,600 license agreements, and approximately 200 patent portfolio licensing and enforcement programs. It also designs manufactures printers and parts, and consumable products through dealers and distributors for various industrial printing applications. In addition, the company offers supply-chain printing solutions for manufacturing, transportation and logistics, retail distribution, food and beverage distribution, and pharmaceutical distribution industries; and line matrix printers for mission critical applications within labeling and inventory management, build sheets, invoicing, manifests and bills of lading, and reporting industries. Acacia Research Corporation was incorporated in 1993 and is based in New York, New York.Show more

Revenue $122M -2.2%
EBITDA $2M -95.4%
Net Income -$36M -153.8%
EPS (Diluted) -0.36 -162.1%
Gross Margin 24.24% -58.0%
EBITDA Margin 1.34% -95.3%
Operating Margin -26.92% -260.9%
Net Margin -29.48% -155.0%
ROE -6.31% -140.4%
ROIC -7.41% -172.8%
Debt/Equity 0.22 +881.9%
Interest Coverage -5.11 -147.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 61.2%
✓Healthy 5Y average net margin of 69.8%
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.67%

5Y61.17%

3Y11.58%

TTM71.28%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-90.72%

EPS CAGR

10Y-

5Y-

3Y-

TTM-89.76%

ROCE

10Y Avg-9.47%

5Y Avg-2.5%

3Y Avg-2.96%

Latest-5.01%

Peer Comparison

IP Licensing & Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NTIPNetwork-1 Technologies, Inc.	29.89M	1.31	-10.08	-96.16%	-16.84%	-6.23%		0.00
ACTGAcacia Research Corporation	363.66M	3.77	-10.47	-2.23%	1.7%	0.84%		0.22

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	125.04M	152.7M	65.4M	131.51M	11.25M	29.78M	88.05M	59.22M	125.1M	122.31M
Revenue Growth %	-0.04%	0.22%	-0.57%	1.01%	-0.91%	1.65%	1.96%	-0.33%	1.11%	-0.02%
Cost of Goods Sold+	127.07M	111.27M	63.21M	106.66M	18.29M	24.82M	36.1M	37.39M	52.83M	92.66M
COGS % of Revenue	1.02%	0.73%	0.97%	0.81%	1.63%	0.83%	0.41%	0.63%	0.42%	0.76%
Gross Profit+	-2.03M	41.43M	2.19M	24.85M	-7.04M	4.96M	51.95M	21.84M	72.27M	29.65M
Gross Margin %	-0.02%	0.27%	0.03%	0.19%	-0.63%	0.17%	0.59%	0.37%	0.58%	0.24%
Gross Profit Growth %	0.75%	21.37%	-0.95%	10.32%	-1.28%	1.7%	9.48%	-0.58%	2.31%	-0.59%
Operating Expenses+	45.71M	36.5M	27.22M	21.45M	16.38M	24.48M	37.4M	61.93M	51.34M	62.58M
OpEx % of Revenue	0.37%	0.24%	0.42%	0.16%	1.46%	0.82%	0.42%	1.05%	0.41%	0.51%
Selling, General & Admin	41.57M	36M	27.22M	18.85M	16.38M	24.48M	37.2M	61.3M	50.6M	62.58M
SG&A % of Revenue	0.33%	0.24%	0.42%	0.14%	1.46%	0.82%	0.42%	1.04%	0.4%	0.51%
Research & Development	3.39M	3.08M	1.19M	0	0	0	200K	626K	735K	0
R&D % of Revenue	0.03%	0.02%	0.02%	-	-	-	0%	0.01%	0.01%	-
Other Operating Expenses	-56K	798K	1M	-1.63M	0	0	0	0	0	0
Operating Income+	-152.62M	-37.41M	-27.27M	-24.81M	-23.42M	-19.52M	14.54M	-40.09M	20.94M	-32.93M
Operating Margin %	-1.22%	-0.24%	-0.42%	-0.19%	-2.08%	-0.66%	0.17%	-0.68%	0.17%	-0.27%
Operating Income Growth %	-1.46%	0.75%	0.27%	0.09%	0.06%	0.17%	1.75%	-3.76%	1.52%	-2.57%
EBITDA+	-99.33M	-3.05M	-5.03M	2.33M	-20.19M	-14.72M	25.23M	-26.58M	35.91M	1.63M
EBITDA Margin %	-0.79%	-0.02%	-0.08%	0.02%	-1.8%	-0.49%	0.29%	-0.45%	0.29%	0.01%
EBITDA Growth %	-20.55%	0.97%	-0.65%	1.46%	-9.65%	0.27%	2.71%	-2.05%	2.35%	-0.95%
D&A (Non-Cash Add-back)	53.29M	34.35M	22.24M	27.14M	3.23M	4.8M	10.69M	13.51M	14.97M	34.56M
EBIT	-152.62M	-36.61M	-25.02M	3.52M	-18.95M	118.21M	182.57M	-120.72M	69.36M	-31.71M
Net Interest Income+	-56K	798K	4.28M	218K	3.43M	-9.3M	-7.42M	-990K	13.54M	10.54M
Interest Income	0	798K	4.28M	218K	3.43M	838K	501K	5.44M	15.47M	16.98M
Interest Expense	56K	0	0	0	0	10.14M	7.92M	6.43M	1.93M	6.44M
Other Income/Expense	-56K	798K	51.91M	-78.98M	4.46M	127.59M	160.11M	-87.06M	46.49M	-5.22M
Pretax Income+	-152.68M	-36.61M	24.64M	-103.67M	-18.95M	108.07M	174.65M	-127.15M	67.43M	-38.15M
Pretax Margin %	-1.22%	-0.24%	0.38%	-0.79%	-1.69%	3.63%	1.98%	-2.15%	0.54%	-0.31%
Income Tax+	4.8M	18.19M	2.96M	1.18M	-1.82M	-1.16M	24.29M	-16.21M	-1.5M	-3.45M
Effective Tax Rate %	1.05%	1.48%	0.9%	1.01%	0.9%	1.01%	0.85%	0.98%	0.99%	0.95%
Net Income+	-160.04M	-54.07M	22.18M	-105.03M	-17.11M	109.23M	149.2M	-125.06M	67.06M	-36.06M
Net Margin %	-1.28%	-0.35%	0.34%	-0.8%	-1.52%	3.67%	1.69%	-2.11%	0.54%	-0.29%
Net Income Growth %	-1.42%	0.66%	1.41%	-5.74%	0.84%	7.38%	0.37%	-1.84%	1.54%	-1.54%
Net Income (Continuing)	-157.48M	-54.8M	21.68M	-104.85M	-17.13M	109.23M	150.37M	-110.94M	68.93M	-34.7M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	3.94M	1.85M	1.36M	1.85M	1.83M	11.04M	11.04M	11.04M	21.34M	37.79M
EPS (Diluted)+	-3.23	-1.08	0.44	-2.10	-0.34	1.48	1.91	-1.21	0.58	-0.36
EPS Growth %	-1.45%	0.67%	1.41%	-5.77%	0.84%	5.35%	0.29%	-1.63%	1.48%	-1.62%
EPS (Basic)	-3.23	-1.08	0.44	-2.10	-0.34	1.78	2.43	-2.61	0.71	-0.36
Diluted Shares Outstanding	49.51M	50.08M	50.69M	49.97M	50.9M	57.44M	98.47M	91.52M	92.41M	99.21M
Basic Shares Outstanding	49.51M	50.06M	50.5M	49.97M	49.76M	48.84M	48.8M	42.46M	75.3M	99.21M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	183.88M	188.49M	139.69M	201.47M	173.26M	457.67M	730.68M	427.99M	554.51M	420.15M
Cash & Short-Term Investments	135.22M	146.98M	136.6M	165.46M	169.84M	451.33M	707.47M	386.14M	439.91M	333.76M
Cash Only	135.22M	127.54M	136.6M	128.81M	57.36M	165.55M	308.94M	287.79M	340.09M	273.88M
Short-Term Investments	0	19.44M	0	36.65M	112.48M	285.79M	398.53M	98.36M	99.82M	59.88M
Accounts Receivable	33.5M	26.75M	153K	32.88M	511K	506K	9.52M	8.23M	80.56M	26.91M
Days Sales Outstanding	97.79	63.94	0.85	91.27	16.59	6.2	39.45	50.73	235.03	80.3
Inventory	10.94M	11.51M	0	-36.65M	0	0	8.93M	14.22M	10.92M	27.48M
Days Inventory Outstanding	31.41	37.76	-	-	-	-	90.29	138.84	75.45	108.27
Other Current Assets	10.94M	11.51M	0	0	0	0	0	19.39M	23.13M	0
Total Non-Current Assets+	164.02M	107.51M	169.07M	22.48M	44.9M	53.64M	68.17M	54.94M	79.03M	336.25M
Property, Plant & Equipment	272K	127K	0	0	1.26M	1.22M	6.21M	5.54M	29.34M	224.83M
Fixed Asset Turnover	459.69x	1202.35x	-	-	8.90x	24.39x	14.18x	10.69x	4.26x	0.54x
Goodwill	0	0	0	0	0	0	7.47M	7.54M	8.99M	29.34M
Intangible Assets	162.64M	86.32M	61.92M	6.59M	7.81M	16.91M	48.79M	36.66M	33.56M	55.43M
Long-Term Investments	-210K	1.96M	106.95M	15.65M	1.5M	0	0	0	0	0
Other Non-Current Assets	1.11M	21.07M	207K	236K	34.32M	35.51M	5.7M	5.2M	4.23M	6.42M
Total Assets+	347.9M	296M	308.77M	223.95M	218.16M	511.31M	798.86M	482.93M	633.54M	756.39M
Asset Turnover	0.36x	0.52x	0.21x	0.59x	0.05x	0.06x	0.11x	0.12x	0.20x	0.16x
Asset Growth %	-0.35%	-0.15%	0.04%	-0.27%	-0.03%	1.34%	0.56%	-0.4%	0.31%	0.19%
Total Current Liabilities+	33.23M	28.19M	9.56M	31.04M	11.71M	124.82M	200.19M	87.21M	27.64M	47.24M
Accounts Payable	33.5M	26.75M	153K	3.7M	1.76M	1.02M	5.44M	6.04M	3.26M	12.07M
Days Payables Outstanding	96.23	87.75	0.88	12.66	35.23	14.98	55.01	58.93	22.53	47.56
Short-Term Debt	0	0	0	0	0	115.66M	181.25M	60.45M	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	1000K	1000K	1000K	1000K
Other Current Liabilities	-13.88M	-13.91M	-1.6M	3.8M	507K	2.27M	3.7M	4.77M	17.16M	19.9M
Current Ratio	5.53x	6.69x	14.62x	6.49x	14.79x	3.67x	3.65x	4.91x	20.06x	8.89x
Quick Ratio	5.21x	6.28x	14.62x	7.67x	14.79x	3.67x	3.61x	4.74x	19.67x	8.31x
Cash Conversion Cycle	32.98	13.96	-	-	-	-	74.74	130.64	287.95	141.01
Total Non-Current Liabilities+	521K	369K	3.55M	1.67M	31.49M	98.17M	168.19M	126.4M	16.3M	156.54M
Long-Term Debt	0	0	0	0	0	0	0	0	10.53M	113.99M
Capital Lease Obligations	0	0	0	0	1.26M	951K	2.03M	1.87M	1.74M	6.78M
Deferred Tax Liabilities	210K	0	0	0	0	0	18.55M	742K	0	2.61M
Other Non-Current Liabilities	311K	369K	3.55M	1.67M	30.22M	97.22M	147.03M	123.21M	3.58M	33.16M
Total Liabilities	33.75M	28.56M	13.11M	32.71M	43.2M	222.99M	368.38M	213.61M	43.94M	203.78M
Total Debt+	0	0	0	33.64M	1.7M	117.2M	184.21M	63.88M	13.51M	124.33M
Net Debt	-135.22M	-127.54M	-136.6M	-95.17M	-55.66M	-48.34M	-124.73M	-223.9M	-326.58M	-149.55M
Debt / Equity	-	-	-	0.17x	0.01x	0.41x	0.43x	0.24x	0.02x	0.22x
Debt / EBITDA	-	-	-	14.41x	-	-	7.30x	-	0.38x	76.09x
Net Debt / EBITDA	-	-	-	-40.77x	-	-	-4.94x	-	-9.09x	-91.52x
Interest Coverage	-2725.39x	-	-	-	-	-1.93x	1.84x	-6.23x	10.85x	-5.11x
Total Equity+	318.1M	269.3M	297.02M	193.09M	174.96M	288.32M	430.48M	269.32M	589.61M	552.62M
Equity Growth %	-0.36%	-0.15%	0.1%	-0.35%	-0.09%	0.65%	0.49%	-0.37%	1.19%	-0.06%
Book Value per Share	6.43	5.38	5.86	3.86	3.44	5.02	4.37	2.94	6.38	5.57
Total Shareholders' Equity	314.15M	267.44M	295.66M	191.24M	173.13M	277.27M	419.43M	258.28M	568.27M	514.83M
Common Stock	51K	50K	51K	50K	50K	49K	49K	43K	100K	96K
Retained Earnings	-288.13M	-342.2M	-320.02M	-422.54M	-439.66M	-330.92M	-181.72M	-306.79M	-239.73M	-275.79M
Treasury Stock	-34.64M	-34.64M	-34.64M	-39.27M	-39.27M	-43.27M	-47.28M	-98.26M	-98.26M	-118.54M
Accumulated OCI	-215K	-76K	-88K	0	0	0	0	0	0	-1.18M
Minority Interest	3.94M	1.85M	1.36M	1.85M	1.83M	11.04M	11.04M	11.04M	21.34M	37.79M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-9.95M	34.06M	24.48M	20.88M	-2.31M	-19.62M	13.33M	-37.34M	-22.51M	50.12M
Operating CF Margin %	-0.08%	0.22%	0.37%	0.16%	-0.21%	-0.66%	0.15%	-0.63%	-0.18%	0.41%
Operating CF Growth %	-3.38%	4.42%	-0.28%	-0.15%	-1.11%	-7.5%	1.68%	-3.8%	0.4%	3.23%
Net Income	-157.48M	-54.8M	21.68M	-104.85M	-17.13M	113.44M	150.37M	-110.94M	63.15M	-34.7M
Depreciation & Amortization	53.29M	34.35M	22.24M	27.14M	3.23M	4.8M	10.69M	13.51M	0	33.57M
Stock-Based Compensation	11.05M	9.06M	8.88M	-317K	1.07M	1.66M	2.05M	3.82M	3.3M	4.79M
Deferred Taxes	104.88M	42.34M	-44.61M	106.41M	0	-136.89M	-167.53M	-17.81M	-3.66M	0
Other Non-Cash Items	-109K	-477K	-3.04M	564K	-1.23M	2.84M	110K	86.16M	-13.22M	-1.53M
Working Capital Changes	-21.58M	3.58M	19.32M	-8.07M	11.75M	-5.48M	17.64M	-12.08M	-72.07M	47.98M
Change in Receivables	-13.33M	6.75M	26.6M	-28.19M	32.37M	5K	-747K	998K	-70.31M	69.22M
Change in Inventory	-92K	623K	-12.44M	0	0	0	1.91M	-5.29M	3.3M	1.05M
Change in Payables	2.57M	-3.01M	-6.35M	963K	109K	-2.55M	760K	-136K	-4.65M	-8.12M
Cash from Investing+	39.31M	-40.63M	-16.11M	-24.07M	-68.06M	18.6M	35.75M	184.46M	16.18M	-212.96M
Capital Expenditures	-19.51M	-1.23M	-2K	-34K	-183K	-13.98M	-21.09M	-5.73M	-189K	-148.67M
CapEx % of Revenue	0.16%	0.01%	0%	0%	0.02%	0.47%	0.24%	0.1%	0%	1.22%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-19.5M	-18.77M	-4M	-24.03M	-4.42M	-14.19M	-1.66M	28.4M	6.74M	43.85M
Cash from Financing+	-28.6M	-1.11M	700K	-4.61M	33.92M	109.21M	59.74M	-166.14M	58.63M	97.56M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-25.43M	0	0	0	0	-1.38M	-1.45M	-2.8M	-1.4M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-3.17M	-1.03M	745K	257K	79K	4.15M	202K	-1.6M	48.62M	14.38M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-29.46M	32.83M	24.48M	20.84M	-6.91M	-33.6M	-7.76M	-43.07M	-28.7M	-98.55M
FCF Margin %	-0.24%	0.22%	0.37%	0.16%	-0.61%	-1.13%	-0.09%	-0.73%	-0.23%	-0.81%
FCF Growth %	0.24%	2.11%	-0.25%	-0.15%	-1.33%	-3.86%	0.77%	-4.55%	0.33%	-2.43%
FCF per Share	-0.60	0.66	0.48	0.42	-0.14	-0.58	-0.08	-0.47	-0.31	-0.99
FCF Conversion (FCF/Net Income)	0.06x	-0.63x	1.10x	-0.20x	0.13x	-0.18x	0.09x	0.30x	-0.34x	-1.39x
Interest Paid	0	0	0	0	0	0	7.34M	7.23M	2.51M	5.06M
Taxes Paid	0	0	0	0	0	0	25K	384K	831K	1.05M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-39.39%	-18.41%	7.83%	-42.86%	-9.3%	47.16%	41.51%	-35.74%	15.61%	-6.31%
Return on Invested Capital (ROIC)	-42.16%	-17.29%	-13.54%	-14.41%	-16.17%	-8.15%	4%	-17.13%	10.18%	-7.41%
Gross Margin	-1.63%	27.13%	3.36%	18.9%	-62.62%	16.65%	59%	36.87%	57.77%	24.24%
Net Margin	-127.99%	-35.41%	33.91%	-79.87%	-152.19%	366.77%	169.45%	-211.18%	53.6%	-29.48%
Debt / Equity	-	-	-	0.17x	0.01x	0.41x	0.43x	0.24x	0.02x	0.22x
Interest Coverage	-2725.39x	-	-	-	-	-1.93x	1.84x	-6.23x	10.85x	-5.11x
FCF Conversion	0.06x	-0.63x	1.10x	-0.20x	0.13x	-0.18x	0.09x	0.30x	-0.34x	-1.39x
Revenue Growth	-4.46%	22.12%	-57.17%	101.07%	-91.45%	164.82%	195.64%	-32.74%	111.24%	-2.23%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Printers and parts	-	-	4.96M	-	12.51M	30.42M
Printers and parts Growth	-	-	-	-	-	143.12%
Oil	-	-	-	-	256K	26.47M
Oil Growth	-	-	-	-	-	10239.06%
License fees	-	-	76.04M	-	89.16M	19.52M
License fees Growth	-	-	-	-	-	-78.10%
Natural Gas	-	-	-	-	372K	9.19M
Natural Gas Growth	-	-	-	-	-	2371.51%
Service	-	-	1.07M	-	3.49M	3.35M
Service Growth	-	-	-	-	-	-4.24%
Service, Other	-	-	-	-	-	507K
Service, Other Growth	-	-	-	-	-	-
Consumable products	-	-	5.97M	-	19.09M	-
Consumable products Growth	-	-	-	-	-	-
Natural Gas Liquids	-	-	-	-	220K	-
Natural Gas Liquids Growth	-	-	-	-	-	-
Printers, consumables and parts	-	-	-	35.43M	-	-
Printers, consumables and parts Growth	-	-	-	-	-	-
Paid-up Revenue Agreements	6.34M	28.39M	-	17.79M	-	-
Paid-up Revenue Agreements Growth	-	347.56%	-	-	-	-
Recurring Revenue Agreements	4.9M	1.39M	-	1.72M	-	-
Recurring Revenue Agreements Growth	-	-71.59%	-	-	-	-
Other Settlements	-	-	-	-	-	-
Other Settlements Growth	-	-	-	-	-	-
Sales	-	-	-	-	-	-
Sales Growth	-	-	-	-	-	-

Revenue by Geography

	2019	2020	2021	2022	2023	2024
Americas	-	-	28.85M	-	97M	87.83M
Americas Growth	-	-	-	-	-	-9.45%
Asia Pacific	-	-	54.77M	-	19.17M	24.94M
Asia Pacific Growth	-	-	-	-	-	30.08%
EMEA	-	-	4.43M	-	8.94M	9.55M
EMEA Growth	-	-	-	-	-	6.87%
Canada and Latin America	-	-	653K	-	1.61M	4.43M
Canada and Latin America Growth	-	-	-	-	-	174.60%

Frequently Asked Questions

Growth & Financials

Acacia Research Corporation (ACTG) reported $283.9M in revenue for fiscal year 2024. This represents a 65% increase from $172.3M in 2011.

Acacia Research Corporation (ACTG) saw revenue decline by 2.2% over the past year.

Yes, Acacia Research Corporation (ACTG) is profitable, generating $4.8M in net income for fiscal year 2024 (-29.5% net margin).

Dividend & Returns

Acacia Research Corporation (ACTG) has a return on equity (ROE) of -6.3%. Negative ROE indicates the company is unprofitable.

Acacia Research Corporation (ACTG) generated $28.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Acacia Research Corporation (ACTG) 10-Year Financial Performance & Capital Metrics

ACTG • • Industrial / General

IndustrialsBusiness ServicesIntellectual Property & Licensing ServicesIP Licensing & Management

Revenue $122M -2.2%
EBITDA $2M -95.4%
Net Income -$36M -153.8%
EPS (Diluted) -0.36 -162.1%
Gross Margin 24.24% -58.0%
EBITDA Margin 1.34% -95.3%
Operating Margin -26.92% -260.9%
Net Margin -29.48% -155.0%
ROE -6.31% -140.4%
ROIC -7.41% -172.8%
Debt/Equity 0.22 +881.9%
Interest Coverage -5.11 -147.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 61.2%
✓Healthy 5Y average net margin of 69.8%
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.67%

5Y61.17%

3Y11.58%

TTM71.28%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-90.72%

EPS CAGR

10Y-

5Y-

3Y-

TTM-89.76%

ROCE

10Y Avg-9.47%

5Y Avg-2.5%

3Y Avg-2.96%

Latest-5.01%

Peer Comparison

IP Licensing & Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NTIPNetwork-1 Technologies, Inc.	29.89M	1.31	-10.08	-96.16%	-16.84%	-6.23%		0.00
ACTGAcacia Research Corporation	363.66M	3.77	-10.47	-2.23%	1.7%	0.84%		0.22

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	125.04M	152.7M	65.4M	131.51M	11.25M	29.78M	88.05M	59.22M	125.1M	122.31M
Revenue Growth %	-0.04%	0.22%	-0.57%	1.01%	-0.91%	1.65%	1.96%	-0.33%	1.11%	-0.02%
Cost of Goods Sold+	127.07M	111.27M	63.21M	106.66M	18.29M	24.82M	36.1M	37.39M	52.83M	92.66M
COGS % of Revenue	1.02%	0.73%	0.97%	0.81%	1.63%	0.83%	0.41%	0.63%	0.42%	0.76%
Gross Profit+	-2.03M	41.43M	2.19M	24.85M	-7.04M	4.96M	51.95M	21.84M	72.27M	29.65M
Gross Margin %	-0.02%	0.27%	0.03%	0.19%	-0.63%	0.17%	0.59%	0.37%	0.58%	0.24%
Gross Profit Growth %	0.75%	21.37%	-0.95%	10.32%	-1.28%	1.7%	9.48%	-0.58%	2.31%	-0.59%
Operating Expenses+	45.71M	36.5M	27.22M	21.45M	16.38M	24.48M	37.4M	61.93M	51.34M	62.58M
OpEx % of Revenue	0.37%	0.24%	0.42%	0.16%	1.46%	0.82%	0.42%	1.05%	0.41%	0.51%
Selling, General & Admin	41.57M	36M	27.22M	18.85M	16.38M	24.48M	37.2M	61.3M	50.6M	62.58M
SG&A % of Revenue	0.33%	0.24%	0.42%	0.14%	1.46%	0.82%	0.42%	1.04%	0.4%	0.51%
Research & Development	3.39M	3.08M	1.19M	0	0	0	200K	626K	735K	0
R&D % of Revenue	0.03%	0.02%	0.02%	-	-	-	0%	0.01%	0.01%	-
Other Operating Expenses	-56K	798K	1M	-1.63M	0	0	0	0	0	0
Operating Income+	-152.62M	-37.41M	-27.27M	-24.81M	-23.42M	-19.52M	14.54M	-40.09M	20.94M	-32.93M
Operating Margin %	-1.22%	-0.24%	-0.42%	-0.19%	-2.08%	-0.66%	0.17%	-0.68%	0.17%	-0.27%
Operating Income Growth %	-1.46%	0.75%	0.27%	0.09%	0.06%	0.17%	1.75%	-3.76%	1.52%	-2.57%
EBITDA+	-99.33M	-3.05M	-5.03M	2.33M	-20.19M	-14.72M	25.23M	-26.58M	35.91M	1.63M
EBITDA Margin %	-0.79%	-0.02%	-0.08%	0.02%	-1.8%	-0.49%	0.29%	-0.45%	0.29%	0.01%
EBITDA Growth %	-20.55%	0.97%	-0.65%	1.46%	-9.65%	0.27%	2.71%	-2.05%	2.35%	-0.95%
D&A (Non-Cash Add-back)	53.29M	34.35M	22.24M	27.14M	3.23M	4.8M	10.69M	13.51M	14.97M	34.56M
EBIT	-152.62M	-36.61M	-25.02M	3.52M	-18.95M	118.21M	182.57M	-120.72M	69.36M	-31.71M
Net Interest Income+	-56K	798K	4.28M	218K	3.43M	-9.3M	-7.42M	-990K	13.54M	10.54M
Interest Income	0	798K	4.28M	218K	3.43M	838K	501K	5.44M	15.47M	16.98M
Interest Expense	56K	0	0	0	0	10.14M	7.92M	6.43M	1.93M	6.44M
Other Income/Expense	-56K	798K	51.91M	-78.98M	4.46M	127.59M	160.11M	-87.06M	46.49M	-5.22M
Pretax Income+	-152.68M	-36.61M	24.64M	-103.67M	-18.95M	108.07M	174.65M	-127.15M	67.43M	-38.15M
Pretax Margin %	-1.22%	-0.24%	0.38%	-0.79%	-1.69%	3.63%	1.98%	-2.15%	0.54%	-0.31%
Income Tax+	4.8M	18.19M	2.96M	1.18M	-1.82M	-1.16M	24.29M	-16.21M	-1.5M	-3.45M
Effective Tax Rate %	1.05%	1.48%	0.9%	1.01%	0.9%	1.01%	0.85%	0.98%	0.99%	0.95%
Net Income+	-160.04M	-54.07M	22.18M	-105.03M	-17.11M	109.23M	149.2M	-125.06M	67.06M	-36.06M
Net Margin %	-1.28%	-0.35%	0.34%	-0.8%	-1.52%	3.67%	1.69%	-2.11%	0.54%	-0.29%
Net Income Growth %	-1.42%	0.66%	1.41%	-5.74%	0.84%	7.38%	0.37%	-1.84%	1.54%	-1.54%
Net Income (Continuing)	-157.48M	-54.8M	21.68M	-104.85M	-17.13M	109.23M	150.37M	-110.94M	68.93M	-34.7M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	3.94M	1.85M	1.36M	1.85M	1.83M	11.04M	11.04M	11.04M	21.34M	37.79M
EPS (Diluted)+	-3.23	-1.08	0.44	-2.10	-0.34	1.48	1.91	-1.21	0.58	-0.36
EPS Growth %	-1.45%	0.67%	1.41%	-5.77%	0.84%	5.35%	0.29%	-1.63%	1.48%	-1.62%
EPS (Basic)	-3.23	-1.08	0.44	-2.10	-0.34	1.78	2.43	-2.61	0.71	-0.36
Diluted Shares Outstanding	49.51M	50.08M	50.69M	49.97M	50.9M	57.44M	98.47M	91.52M	92.41M	99.21M
Basic Shares Outstanding	49.51M	50.06M	50.5M	49.97M	49.76M	48.84M	48.8M	42.46M	75.3M	99.21M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	183.88M	188.49M	139.69M	201.47M	173.26M	457.67M	730.68M	427.99M	554.51M	420.15M
Cash & Short-Term Investments	135.22M	146.98M	136.6M	165.46M	169.84M	451.33M	707.47M	386.14M	439.91M	333.76M
Cash Only	135.22M	127.54M	136.6M	128.81M	57.36M	165.55M	308.94M	287.79M	340.09M	273.88M
Short-Term Investments	0	19.44M	0	36.65M	112.48M	285.79M	398.53M	98.36M	99.82M	59.88M
Accounts Receivable	33.5M	26.75M	153K	32.88M	511K	506K	9.52M	8.23M	80.56M	26.91M
Days Sales Outstanding	97.79	63.94	0.85	91.27	16.59	6.2	39.45	50.73	235.03	80.3
Inventory	10.94M	11.51M	0	-36.65M	0	0	8.93M	14.22M	10.92M	27.48M
Days Inventory Outstanding	31.41	37.76	-	-	-	-	90.29	138.84	75.45	108.27
Other Current Assets	10.94M	11.51M	0	0	0	0	0	19.39M	23.13M	0
Total Non-Current Assets+	164.02M	107.51M	169.07M	22.48M	44.9M	53.64M	68.17M	54.94M	79.03M	336.25M
Property, Plant & Equipment	272K	127K	0	0	1.26M	1.22M	6.21M	5.54M	29.34M	224.83M
Fixed Asset Turnover	459.69x	1202.35x	-	-	8.90x	24.39x	14.18x	10.69x	4.26x	0.54x
Goodwill	0	0	0	0	0	0	7.47M	7.54M	8.99M	29.34M
Intangible Assets	162.64M	86.32M	61.92M	6.59M	7.81M	16.91M	48.79M	36.66M	33.56M	55.43M
Long-Term Investments	-210K	1.96M	106.95M	15.65M	1.5M	0	0	0	0	0
Other Non-Current Assets	1.11M	21.07M	207K	236K	34.32M	35.51M	5.7M	5.2M	4.23M	6.42M
Total Assets+	347.9M	296M	308.77M	223.95M	218.16M	511.31M	798.86M	482.93M	633.54M	756.39M
Asset Turnover	0.36x	0.52x	0.21x	0.59x	0.05x	0.06x	0.11x	0.12x	0.20x	0.16x
Asset Growth %	-0.35%	-0.15%	0.04%	-0.27%	-0.03%	1.34%	0.56%	-0.4%	0.31%	0.19%
Total Current Liabilities+	33.23M	28.19M	9.56M	31.04M	11.71M	124.82M	200.19M	87.21M	27.64M	47.24M
Accounts Payable	33.5M	26.75M	153K	3.7M	1.76M	1.02M	5.44M	6.04M	3.26M	12.07M
Days Payables Outstanding	96.23	87.75	0.88	12.66	35.23	14.98	55.01	58.93	22.53	47.56
Short-Term Debt	0	0	0	0	0	115.66M	181.25M	60.45M	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	1000K	1000K	1000K	1000K
Other Current Liabilities	-13.88M	-13.91M	-1.6M	3.8M	507K	2.27M	3.7M	4.77M	17.16M	19.9M
Current Ratio	5.53x	6.69x	14.62x	6.49x	14.79x	3.67x	3.65x	4.91x	20.06x	8.89x
Quick Ratio	5.21x	6.28x	14.62x	7.67x	14.79x	3.67x	3.61x	4.74x	19.67x	8.31x
Cash Conversion Cycle	32.98	13.96	-	-	-	-	74.74	130.64	287.95	141.01
Total Non-Current Liabilities+	521K	369K	3.55M	1.67M	31.49M	98.17M	168.19M	126.4M	16.3M	156.54M
Long-Term Debt	0	0	0	0	0	0	0	0	10.53M	113.99M
Capital Lease Obligations	0	0	0	0	1.26M	951K	2.03M	1.87M	1.74M	6.78M
Deferred Tax Liabilities	210K	0	0	0	0	0	18.55M	742K	0	2.61M
Other Non-Current Liabilities	311K	369K	3.55M	1.67M	30.22M	97.22M	147.03M	123.21M	3.58M	33.16M
Total Liabilities	33.75M	28.56M	13.11M	32.71M	43.2M	222.99M	368.38M	213.61M	43.94M	203.78M
Total Debt+	0	0	0	33.64M	1.7M	117.2M	184.21M	63.88M	13.51M	124.33M
Net Debt	-135.22M	-127.54M	-136.6M	-95.17M	-55.66M	-48.34M	-124.73M	-223.9M	-326.58M	-149.55M
Debt / Equity	-	-	-	0.17x	0.01x	0.41x	0.43x	0.24x	0.02x	0.22x
Debt / EBITDA	-	-	-	14.41x	-	-	7.30x	-	0.38x	76.09x
Net Debt / EBITDA	-	-	-	-40.77x	-	-	-4.94x	-	-9.09x	-91.52x
Interest Coverage	-2725.39x	-	-	-	-	-1.93x	1.84x	-6.23x	10.85x	-5.11x
Total Equity+	318.1M	269.3M	297.02M	193.09M	174.96M	288.32M	430.48M	269.32M	589.61M	552.62M
Equity Growth %	-0.36%	-0.15%	0.1%	-0.35%	-0.09%	0.65%	0.49%	-0.37%	1.19%	-0.06%
Book Value per Share	6.43	5.38	5.86	3.86	3.44	5.02	4.37	2.94	6.38	5.57
Total Shareholders' Equity	314.15M	267.44M	295.66M	191.24M	173.13M	277.27M	419.43M	258.28M	568.27M	514.83M
Common Stock	51K	50K	51K	50K	50K	49K	49K	43K	100K	96K
Retained Earnings	-288.13M	-342.2M	-320.02M	-422.54M	-439.66M	-330.92M	-181.72M	-306.79M	-239.73M	-275.79M
Treasury Stock	-34.64M	-34.64M	-34.64M	-39.27M	-39.27M	-43.27M	-47.28M	-98.26M	-98.26M	-118.54M
Accumulated OCI	-215K	-76K	-88K	0	0	0	0	0	0	-1.18M
Minority Interest	3.94M	1.85M	1.36M	1.85M	1.83M	11.04M	11.04M	11.04M	21.34M	37.79M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-9.95M	34.06M	24.48M	20.88M	-2.31M	-19.62M	13.33M	-37.34M	-22.51M	50.12M
Operating CF Margin %	-0.08%	0.22%	0.37%	0.16%	-0.21%	-0.66%	0.15%	-0.63%	-0.18%	0.41%
Operating CF Growth %	-3.38%	4.42%	-0.28%	-0.15%	-1.11%	-7.5%	1.68%	-3.8%	0.4%	3.23%
Net Income	-157.48M	-54.8M	21.68M	-104.85M	-17.13M	113.44M	150.37M	-110.94M	63.15M	-34.7M
Depreciation & Amortization	53.29M	34.35M	22.24M	27.14M	3.23M	4.8M	10.69M	13.51M	0	33.57M
Stock-Based Compensation	11.05M	9.06M	8.88M	-317K	1.07M	1.66M	2.05M	3.82M	3.3M	4.79M
Deferred Taxes	104.88M	42.34M	-44.61M	106.41M	0	-136.89M	-167.53M	-17.81M	-3.66M	0
Other Non-Cash Items	-109K	-477K	-3.04M	564K	-1.23M	2.84M	110K	86.16M	-13.22M	-1.53M
Working Capital Changes	-21.58M	3.58M	19.32M	-8.07M	11.75M	-5.48M	17.64M	-12.08M	-72.07M	47.98M
Change in Receivables	-13.33M	6.75M	26.6M	-28.19M	32.37M	5K	-747K	998K	-70.31M	69.22M
Change in Inventory	-92K	623K	-12.44M	0	0	0	1.91M	-5.29M	3.3M	1.05M
Change in Payables	2.57M	-3.01M	-6.35M	963K	109K	-2.55M	760K	-136K	-4.65M	-8.12M
Cash from Investing+	39.31M	-40.63M	-16.11M	-24.07M	-68.06M	18.6M	35.75M	184.46M	16.18M	-212.96M
Capital Expenditures	-19.51M	-1.23M	-2K	-34K	-183K	-13.98M	-21.09M	-5.73M	-189K	-148.67M
CapEx % of Revenue	0.16%	0.01%	0%	0%	0.02%	0.47%	0.24%	0.1%	0%	1.22%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-19.5M	-18.77M	-4M	-24.03M	-4.42M	-14.19M	-1.66M	28.4M	6.74M	43.85M
Cash from Financing+	-28.6M	-1.11M	700K	-4.61M	33.92M	109.21M	59.74M	-166.14M	58.63M	97.56M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-25.43M	0	0	0	0	-1.38M	-1.45M	-2.8M	-1.4M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-3.17M	-1.03M	745K	257K	79K	4.15M	202K	-1.6M	48.62M	14.38M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-29.46M	32.83M	24.48M	20.84M	-6.91M	-33.6M	-7.76M	-43.07M	-28.7M	-98.55M
FCF Margin %	-0.24%	0.22%	0.37%	0.16%	-0.61%	-1.13%	-0.09%	-0.73%	-0.23%	-0.81%
FCF Growth %	0.24%	2.11%	-0.25%	-0.15%	-1.33%	-3.86%	0.77%	-4.55%	0.33%	-2.43%
FCF per Share	-0.60	0.66	0.48	0.42	-0.14	-0.58	-0.08	-0.47	-0.31	-0.99
FCF Conversion (FCF/Net Income)	0.06x	-0.63x	1.10x	-0.20x	0.13x	-0.18x	0.09x	0.30x	-0.34x	-1.39x
Interest Paid	0	0	0	0	0	0	7.34M	7.23M	2.51M	5.06M
Taxes Paid	0	0	0	0	0	0	25K	384K	831K	1.05M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-39.39%	-18.41%	7.83%	-42.86%	-9.3%	47.16%	41.51%	-35.74%	15.61%	-6.31%
Return on Invested Capital (ROIC)	-42.16%	-17.29%	-13.54%	-14.41%	-16.17%	-8.15%	4%	-17.13%	10.18%	-7.41%
Gross Margin	-1.63%	27.13%	3.36%	18.9%	-62.62%	16.65%	59%	36.87%	57.77%	24.24%
Net Margin	-127.99%	-35.41%	33.91%	-79.87%	-152.19%	366.77%	169.45%	-211.18%	53.6%	-29.48%
Debt / Equity	-	-	-	0.17x	0.01x	0.41x	0.43x	0.24x	0.02x	0.22x
Interest Coverage	-2725.39x	-	-	-	-	-1.93x	1.84x	-6.23x	10.85x	-5.11x
FCF Conversion	0.06x	-0.63x	1.10x	-0.20x	0.13x	-0.18x	0.09x	0.30x	-0.34x	-1.39x
Revenue Growth	-4.46%	22.12%	-57.17%	101.07%	-91.45%	164.82%	195.64%	-32.74%	111.24%	-2.23%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Printers and parts	-	-	4.96M	-	12.51M	30.42M
Printers and parts Growth	-	-	-	-	-	143.12%
Oil	-	-	-	-	256K	26.47M
Oil Growth	-	-	-	-	-	10239.06%
License fees	-	-	76.04M	-	89.16M	19.52M
License fees Growth	-	-	-	-	-	-78.10%
Natural Gas	-	-	-	-	372K	9.19M
Natural Gas Growth	-	-	-	-	-	2371.51%
Service	-	-	1.07M	-	3.49M	3.35M
Service Growth	-	-	-	-	-	-4.24%
Service, Other	-	-	-	-	-	507K
Service, Other Growth	-	-	-	-	-	-
Consumable products	-	-	5.97M	-	19.09M	-
Consumable products Growth	-	-	-	-	-	-
Natural Gas Liquids	-	-	-	-	220K	-
Natural Gas Liquids Growth	-	-	-	-	-	-
Printers, consumables and parts	-	-	-	35.43M	-	-
Printers, consumables and parts Growth	-	-	-	-	-	-
Paid-up Revenue Agreements	6.34M	28.39M	-	17.79M	-	-
Paid-up Revenue Agreements Growth	-	347.56%	-	-	-	-
Recurring Revenue Agreements	4.9M	1.39M	-	1.72M	-	-
Recurring Revenue Agreements Growth	-	-71.59%	-	-	-	-
Other Settlements	-	-	-	-	-	-
Other Settlements Growth	-	-	-	-	-	-
Sales	-	-	-	-	-	-
Sales Growth	-	-	-	-	-	-

Revenue by Geography

	2019	2020	2021	2022	2023	2024
Americas	-	-	28.85M	-	97M	87.83M
Americas Growth	-	-	-	-	-	-9.45%
Asia Pacific	-	-	54.77M	-	19.17M	24.94M
Asia Pacific Growth	-	-	-	-	-	30.08%
EMEA	-	-	4.43M	-	8.94M	9.55M
EMEA Growth	-	-	-	-	-	6.87%
Canada and Latin America	-	-	653K	-	1.61M	4.43M
Canada and Latin America Growth	-	-	-	-	-	174.60%

Frequently Asked Questions

Growth & Financials

Acacia Research Corporation (ACTG) reported $283.9M in revenue for fiscal year 2024. This represents a 65% increase from $172.3M in 2011.

Acacia Research Corporation (ACTG) saw revenue decline by 2.2% over the past year.

Yes, Acacia Research Corporation (ACTG) is profitable, generating $4.8M in net income for fiscal year 2024 (-29.5% net margin).

Dividend & Returns

Acacia Research Corporation (ACTG) has a return on equity (ROE) of -6.3%. Negative ROE indicates the company is unprofitable.

Acacia Research Corporation (ACTG) generated $28.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.