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Acacia Research vs Dolby Laboratories: revenue, profit, margins and growth compared

Acacia Research brought in $285.2M of revenue in fiscal 2025, Dolby Laboratories $1.3B in fiscal 2025. Revenue changed by +133.2% at Acacia Research and +5.9% at Dolby Laboratories on the year before, so Acacia Research grew faster. Acacia Research kept 7.6% of its revenue as net profit, Dolby Laboratories 18.9%.

Side by side, latest fiscal year

ACTGDLB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 26, 2025)
Revenue$285.2M$1.3B
Revenue growth+133.2%+5.9%
Net income$21.7M$255M
Net margin7.6%18.9%
Free cash flown/a$435.9M
Free cash flow marginn/a32.3%
Earnings per share (diluted)$0.22$2.62
Cash$306.7M$701.9M
Debt$91.9Mn/a
Price to earnings19.422.4
Market value$416.7M$5.5B
Dividend yieldn/a2.25%
Rank by revenue in sector#18 of 34 · Other#11 of 34 · Other

Over the years

Revenue
ACTG FY2018: $131.5MACTG FY2019: $11.2MACTG FY2020: $29.8MACTG FY2021: $88MACTG FY2022: $59.2MACTG FY2023: $125.1MACTG FY2024: $122.3MACTG FY2025: $285.2MDLB FY2018: $1.1BDLB FY2019: $1.2BDLB FY2020: $1.2BDLB FY2021: $1.3BDLB FY2022: $1.3BDLB FY2023: $1.3BDLB FY2024: $1.3BDLB FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
ACTG $285.2MDLB $1.3B
Net income
ACTG FY2018: -$105MACTG FY2019: -$17.1MACTG FY2020: $109.2MACTG FY2021: $149.2MACTG FY2022: -$125.1MACTG FY2023: $67.1MACTG FY2024: -$36.1MACTG FY2025: $21.7MDLB FY2018: $41.7MDLB FY2019: $255.2MDLB FY2020: $231.4MDLB FY2021: $310.2MDLB FY2022: $184.1MDLB FY2023: $200.7MDLB FY2024: $261.8MDLB FY2025: $255MFY18FY19FY20FY21FY22FY23FY24FY25
ACTG $21.7MDLB $255M
Net margin
ACTG FY2018: -79.9%ACTG FY2019: -152.2%ACTG FY2020: 366.8%ACTG FY2021: 169.5%ACTG FY2022: -211.2%ACTG FY2023: 53.6%ACTG FY2024: -29.5%ACTG FY2025: 7.6%DLB FY2018: 4.0%DLB FY2019: 20.5%DLB FY2020: 19.9%DLB FY2021: 24.2%DLB FY2022: 14.7%DLB FY2023: 15.4%DLB FY2024: 20.6%DLB FY2025: 18.9%FY18FY19FY20FY21FY22FY23FY24FY25
ACTG 7.6%DLB 18.9%
Revenue growth
ACTG FY2019: -91.4%ACTG FY2020: +164.8%ACTG FY2021: +195.6%ACTG FY2022: -32.7%ACTG FY2023: +111.2%ACTG FY2024: -2.2%ACTG FY2025: +133.2%DLB FY2019: +17.7%DLB FY2020: -6.4%DLB FY2021: +10.3%DLB FY2022: -2.1%DLB FY2023: +3.7%DLB FY2024: -2.0%DLB FY2025: +5.9%FY19FY20FY21FY22FY23FY24FY25
ACTG +133.2%DLB +5.9%
Free cash flow
ACTG FY2018: $20.8MACTG FY2019: -$2.5MACTG FY2020: -$19.8MACTG FY2021: $13.2MACTG FY2022: -$38.1MACTG FY2023: -$22.7MACTG FY2024: -$98.5MDLB FY2018: $279.4MDLB FY2019: $231.4MDLB FY2020: $277.5MDLB FY2021: $393.3MDLB FY2022: $270.6MDLB FY2023: $336.7MDLB FY2024: $297.2MDLB FY2025: $435.9MFY18FY19FY20FY21FY22FY23FY24FY25
ACTG -$98.5MDLB $435.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Acacia Research and Dolby Laboratories

Which is bigger by revenue, Acacia Research or Dolby Laboratories?

Dolby Laboratories is bigger by revenue: $1.3B in fiscal 2025, against $285.2M for Acacia Research in fiscal 2025.

Which keeps more of its revenue as profit, Acacia Research or Dolby Laboratories?

Acacia Research had a net margin of 7.6% in fiscal 2025; Dolby Laboratories had 18.9% in fiscal 2025.

Which grew revenue faster, Acacia Research or Dolby Laboratories?

In their latest fiscal years revenue changed by +133.2% at Acacia Research and +5.9% at Dolby Laboratories.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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