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ACACIA RESEARCH CORP ACTG

Nasdaq · stock · Patent Owners & Lessors · website · IPO 1995-07-05 · LEI

ACACIA RESEARCH CORP statistics & valuation

Market cap$453.0M
P / E20.9×
P / S1.6×
P / B0.8×
Net margin7.6%
Return on equity3.7%
Net cash$214.8M
Net debt / EBITDA-4.3×
Enterprise value USD$238.2M
EV / EBITDA4.8×
Earnings yield EBIT/EV2.7%
Return on capital0.9%
Graham number +17.1%$5.45

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($5.45); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
33.90% -79.90% -152.20% 366.80% 169.50% -211.20% 53.60% -29.50% 7.60% 2016201720182019202020212022202320242025
Gross margin (%)
59.00% 36.90% 57.80% 24.20% 29.60% 2016201720182019202020212022202320242025
Operating margin (%)
-41.70% -18.80% -208.20% -65.50% 16.50% -67.70% 16.70% -26.90% 2.20% 2016201720182019202020212022202320242025
Return on equity (%)
-20.20% 7.50% -54.90% -9.80% 37.90% 34.70% -46.40% 11.40% -6.50% 3.70% 2016201720182019202020212022202320242025
Shares outstanding
50.5M 50.7M 50.0M 50.9M 57.4M 98.5M 43.5M 99.9M 99.2M 97.2M 2016201720182019202020212022202320242025
Net debt ($)
-$214.8M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-18.30% 7.20% -46.90% -7.80% 21.40% 18.70% -25.90% 10.60% -4.80% 2.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
19.80% 15.80% -22.20% -66.50% 15.00% -64.30% -18.10% -80.60% 2016201720182019202020212022202320242025
Debt / equity (×)
0.16× 2016201720182019202020212022202320242025
EPS ($)
-$2.10 -$0.40 $1.48 $1.91 -$3.13 $0.58 -$0.36 $0.22 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ACACIA RESEARCH CORP trades at about 21.2× earnings — above its 10-year norm (10-year range 2.4×–82.3×, median 18.1×).

2.4× 82.3×

Shaded band = 10-year range (2.4×–82.3×); dot = today's 21.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin29.6%24.2%57.8%36.9%59.0%—————
Operating margin2.2%-26.9%16.7%-67.7%16.5%-65.5%-208.2%-18.8%-41.7%—
Net margin7.6%-29.5%53.6%-211.2%169.5%366.8%-152.2%-79.9%33.9%—
FCF margin—-80.6%-18.1%-64.3%15.0%-66.5%-22.2%15.8%19.8%—
Return on assets2.8%-4.8%10.6%-25.9%18.7%21.4%-7.8%-46.9%7.2%-18.3%
Return on equity3.7%-6.5%11.4%-46.4%34.7%37.9%-9.8%-54.9%7.5%-20.2%
Debt / equity0.16×—————————
Current ratio9.188.4620.064.913.653.6714.796.4914.626.69

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.