Acacia Research Corporation — Earnings Quality Grade C
ACTG · Industrials
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 33 days, change -47 days YoY
AR growth -2.8% vs revenue growth 133.2%
Revenue 133.2%, CFFO 50.1%. Cash follows revenue
Expense Quality
Inventory -3.4% vs COGS 116.7%. Normal
CapEx growth -89.7% vs revenue 133.2%. Normal
SG&A/Gross Profit = 92.4%, exceeds 70%
Gross margin swung +5.4pp (24.2% → 29.6%)
Cash Flow Quality
CFFO/NI = 3.47. Profits backed by cash
FCF $0.1B, FCF/NI = 2.70
Accruals ratio = -6.9%. Low accruals
Cash $0.4B covers debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 14% of equity. Manageable
Interest coverage = 0.7x (<2x). Financial stress
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -13% YoY. Normal
Manipulation Score
M-Score = -2.18 (grey zone)
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25