GOLF · Acushnet Holdings Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.56B | $2.46B | $2.38B | $2.27B | $2.15B | $1.61B |
| Cost of Revenue | $1.34B | $1.27B | $1.13B | $1.09B | $1.03B | $782.33M |
| Gross Profit | $1.22B | $1.19B | $1.25B | $1.18B | $1.12B | $829.84M |
| R&D | $76.51M | $67.84M | $64.84M | $56.39M | $55.34M | $48.94M |
| SG&A | $833.42M | $801.60M | $888.14M | $833.42M | $795.42M | $610.60M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $55.29M | $55.89M | $51.36M | $41.71M | $41.24M | $45.43M |
| Operating Income | $299.43M | $304.26M | $285.31M | $281.53M | $259.81M | $145.46M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $52.37M | $47.83M | $42.99M | $54.35M | $63.58M | $13.04M |
| Net Income | $188.54M | $214.30M | $198.43M | $199.28M | $178.87M | $96.01M |
| EPS - Basic | $3.13 | $3.38 | $2.96 | $2.77 | $2.40 | $1.29 |
| EPS - Diluted | $3.11 | $3.37 | $2.94 | $2.75 | $2.38 | $1.28 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $50.09M | $53.06M | $65.44M | $58.90M | $281.68M | $151.45M |
| Accounts Receivable | $217.48M | $218.37M | $201.35M | $216.69M | $174.44M | $201.52M |
| Inventory | $608.57M | $575.96M | $615.53M | $674.68M | $413.31M | $357.68M |
| Accounts Payable | $156.98M | $150.32M | $150.51M | $167.00M | $163.61M | $112.87M |
| Current Assets | $1.03B | $973.87M | $996.69M | $1.06B | $969.18M | $799.81M |
| Total Assets | $2.34B | $2.18B | $2.20B | $2.19B | $2.01B | $1.87B |
| Current Liabilities | $430.15M | $472.71M | $451.13M | $548.63M | $483.02M | $357.68M |
| Long-term Debt | $926.24M | $753.08M | $671.82M | $527.51M | $297.35M | $313.62M |
| Total Liabilities | $1.56B | $1.38B | $1.28B | $1.21B | $922.27M | $849.18M |
| Stockholders' Equity | $783.57M | $765.25M | $864.24M | $939.06M | $1.04B | $983.95M |
| Retained Earnings | $141.96M | $180.28M | $159.91M | $473.13M | $324.97M | $199.78M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $194.37M | $245.11M | $371.83M | ($67.79M) | $314.12M | $264.43M |
| Investing Cash Flow | ($74.34M) | ($74.62M) | ($101.49M) | ($140.22M) | ($37.60M) | ($24.68M) |
| Financing Cash Flow | ($124.82M) | ($179.68M) | ($264.73M) | ($8.58M) | ($140.33M) | ($128.59M) |
| CapEx | $74.34M | $74.62M | $75.36M | $61.36M | $37.60M | $24.68M |
| Free Cash Flow | $120.03M | $170.48M | $296.46M | ($129.15M) | $276.52M | $239.75M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 47.7% | 48.3% | 52.6% | 51.9% | 52.1% | 51.5% |
| Operating margin | 11.7% | 12.4% | 12.0% | 12.4% | 12.1% | 9.0% |
| EBITDA margin | 13.9% | 14.7% | 14.1% | 14.2% | 14.0% | 11.8% |
| Net margin | 7.4% | 8.7% | 8.3% | 8.8% | 8.3% | 6.0% |
| Free cash flow margin | 4.7% | 6.9% | 12.4% | -5.7% | 12.9% | 14.9% |
| FCF / Net income | 0.64 | 0.80 | 1.49 | -0.65 | 1.55 | 2.50 |
| R&D / Revenue | 3.0% | 2.8% | 2.7% | 2.5% | 2.6% | 3.0% |
| SG&A / Revenue | 32.6% | 32.6% | 37.3% | 36.7% | 37.0% | 37.9% |
| Effective tax rate | 21.7% | 18.2% | 17.8% | 21.4% | 26.2% | 12.0% |
| Return on assets | 8.0% | 9.8% | 9.0% | 9.1% | 8.9% | 5.1% |
| Return on equity | 24.1% | 28.0% | 23.0% | 21.2% | 17.2% | 9.8% |
| Return on invested capital | 13.7% | 16.4% | 15.3% | 15.1% | 14.3% | 9.9% |
| Liquidity | ||||||
| Current ratio | 2.38 | 2.06 | 2.21 | 1.93 | 2.01 | 2.24 |
| Quick ratio | 0.97 | 0.84 | 0.84 | 0.70 | 1.15 | 1.24 |
| Cash ratio | 0.12 | 0.11 | 0.15 | 0.11 | 0.58 | 0.42 |
| Leverage | ||||||
| Debt / Equity | 1.18 | 0.98 | 0.78 | 0.56 | 0.29 | 0.32 |
| Debt / Assets | 0.40 | 0.35 | 0.31 | 0.24 | 0.15 | 0.17 |
| Debt / EBITDA | 2.61 | 2.09 | 2.00 | 1.63 | 0.99 | 1.64 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.99 | 2.85 | 2.54 | 2.34 | 1.92 | 1.90 |
| Liabilities / Assets | 0.66 | 0.63 | 0.58 | 0.55 | 0.46 | 0.45 |
| Efficiency | ||||||
| Asset turnover | 1.09 | 1.13 | 1.08 | 1.03 | 1.07 | 0.86 |
| Inventory turnover | 2.20 | 2.20 | 1.83 | 1.62 | 2.49 | 2.19 |
| Days sales outstanding | 31d | 32d | 31d | 35d | 30d | 46d |
| Days inventory outstanding | 166d | 166d | 199d | 226d | 147d | 167d |
| Days payable outstanding | 43d | 43d | 49d | 56d | 58d | 53d |
| Cash conversion cycle | 154d | 155d | 181d | 205d | 118d | 160d |
| Valuation | ||||||
| P / E | 25.7x | 21.1x | 21.5x | 15.4x | 22.3x | 31.7x |
| P / B | 6.2x | 5.9x | 4.9x | 3.3x | 3.8x | 3.1x |
| P / S | 1.9x | 1.8x | 1.8x | 1.4x | 1.9x | 1.9x |
| EV / EBITDA | 16.1x | 14.5x | 14.5x | 11.0x | 13.3x | 16.8x |
| Growth | ||||||
| Revenue growth (YoY) | 4.1% | 3.2% | 4.9% | 5.7% | 33.2% | -4.1% |
| Revenue CAGR (3y) | 4.1% | 4.6% | 13.9% | 10.5% | 9.6% | 1.1% |
| Revenue CAGR (5y) | 9.7% | 7.9% | 7.8% | 7.8% | 6.4% | - |
| Gross profit growth (YoY) | 2.8% | -5.2% | 6.2% | 5.4% | 34.8% | -4.9% |
| Operating income growth (YoY) | -1.6% | 6.6% | 1.3% | 8.4% | 78.6% | -21.7% |
| Net income growth (YoY) | -12.0% | 8.0% | -0.4% | 11.4% | 86.3% | -20.7% |
| EPS growth (YoY) | -7.7% | 14.6% | 6.9% | 15.5% | 85.9% | -20.0% |
| EPS CAGR (3y) | 4.2% | 12.3% | 31.9% | 19.8% | 21.7% | 1.3% |
| EPS CAGR (5y) | 19.4% | 16.1% | 17.4% | 17.5% | 30.9% | - |
| FCF growth (YoY) | -29.6% | -42.5% | - | - | 15.3% | 136.6% |
| FCF CAGR (5y) | -12.9% | 11.0% | 17.8% | - | 26.3% | - |
| Book value growth (YoY) | 2.4% | -11.5% | -8.0% | -10.0% | 6.0% | 7.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.41B totalTitleist Golf Equipment$1.60B · 66.2%
Footjoy Golf Wear$569.91M · 23.6%
Golf Gear$244.95M · 10.2%
Geographic
$2.56B totalUS$1.52B · 59.5%
EMEA$356.84M · 13.9%
KR$275.52M · 10.8%
Rest Of World$272.00M · 10.6%
JP$131.08M · 5.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.93
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Sporting & Athletic Goods, NEC
Comparing Acushnet Holdings Corp. against the 5 most active filers in the same SIC group.
Dividends
$0.96/share trailing 12 months · +9.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 6, 2026 | $0.2550 |
| Dec 5, 2025 | $0.2350 |
| Sep 5, 2025 | $0.2350 |
| Jun 6, 2025 | $0.2350 |
| Mar 7, 2025 | $0.2350 |
| Dec 6, 2024 | $0.2150 |
| Sep 6, 2024 | $0.2150 |
| Jun 7, 2024 | $0.2150 |
| Mar 7, 2024 | $0.2150 |
| Nov 30, 2023 | $0.1950 |
| Aug 31, 2023 | $0.1950 |
| Jun 1, 2023 | $0.1950 |
| Mar 9, 2023 | $0.1950 |
| Dec 1, 2022 | $0.1800 |
| Sep 1, 2022 | $0.1800 |
| Jun 2, 2022 | $0.1800 |
| Mar 10, 2022 | $0.1800 |
| Dec 2, 2021 | $0.1650 |
| Sep 2, 2021 | $0.1650 |
| Jun 3, 2021 | $0.1650 |
| Mar 11, 2021 | $0.1650 |
| Dec 3, 2020 | $0.1550 |
| Sep 3, 2020 | $0.1550 |
| Jun 4, 2020 | $0.1550 |