undamentalytics Newsletter

Acacia Research vs Materialise NV

Acacia Research and Materialise NV are similar in size: $285m and $303m of revenue in their latest fiscal years. Acacia Research grew faster (133.2% against 4.8%). Acacia Research kept more of each dollar of sales as profit: a net margin of 7.6% against 2.9%. Acacia Research carries less debt relative to equity (16.9% against 24.7%).

Latest fiscal yearAcacia ResearchACTG, 2025Materialise NVMTLS, 2025
Revenue $285m $303m
Revenue growth 133.2% 4.8%
Net income $21.7m $8.7m
Operating margin 2.2% 3.3%
Net margin 7.6% 2.9%
Return on equity 4.1% 3.1%
Free cash flow $61.1m $12.7m
Cash $307m $157m
Total debt $91.9m $74.1m
Debt to equity 16.9% 24.7%
Dividend per share — —
Dividend yield — —
Share buybacks $0 —
Employees — —
Market value $416m $423m
Price vs our value range — Above our value range
Moat score 16 (Weak) —
Insider trades, 12 months 0 buys, 5 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

Go deeper

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.