Acacia Research vs Onespan
Acacia Research is the larger business, with $285m of revenue in fiscal 2025 against $243m for Onespan (1.2 times as much). Acacia Research grew faster (133.2% against 0.0%). Onespan kept more of each dollar of sales as profit: a net margin of 30.0% against 7.6%.
| Latest fiscal year | Acacia ResearchACTG, 2025 | OnespanOSPN, 2025 |
|---|---|---|
| Revenue | $285m | $243m |
| Revenue growth | 133.2% | 0.0% |
| Net income | $21.7m | $72.9m |
| Operating margin | 2.2% | — |
| Net margin | 7.6% | 30.0% |
| Return on equity | 4.1% | 30.1% |
| Free cash flow | $61.1m | $50.5m |
| Cash | $307m | $70.5m |
| Total debt | $91.9m | $0 |
| Debt to equity | 16.9% | — |
| Dividend per share | — | — |
| Dividend yield | — | 2.0% |
| Share buybacks | $0 | $13.1m |
| Employees | — | — |
| Market value | $416m | $906m |
| Price vs our value range | — | Above our value range |
| Moat score | 16 (Weak) | 47 (Moderate) |
| Insider trades, 12 months | 0 buys, 5 sales | 5 buys, 3 sales |