Acushnet Holdings Corp. (GOLF) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.67	$2.19	+31.1%	—	$820M	—
Q1 26	$1.47	$1.42	-3.4%	—	$753M	—
Q4 25	-$0.25	-$0.45	-80.0%	—	$477.2M	—
Q3 25	$0.87	$0.87	0.0%	—	$657.7M	—
Q2 25	$1.38	$1.4	+1.4%	—	$720.5M	—
Q1 25	$1.36	$1.39	+2.2%	—	$703.4M	—
Q4 24	-$0.25	-$0.04	+84.0%	—	$445.2M	—
Q3 24	$0.83	$0.93	+12.0%	—	$620.5M	—
Q2 24	$1.18	$1.16	-1.7%	—	$683.9M	—
Q1 24	$1.24	$1.35	+8.9%	—	$707.6M	—
Q4 23	-$0.35	-$0.39	-11.4%	—	$413M	—
Q3 23	$0.56	$0.89	+58.9%	—	$593.4M	—
Q2 23	$0.92	$1.14	+23.9%	—	$689.4M	—
Q1 23	$1.09	$1.39	+27.5%	—	$686.3M	—
Q3 22	$0.63	$0.68	+7.9%	—	$558.2M	—
Q2 22	$0.74	$0.94	+27.0%	—	$658.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.13	—	—	$2.6B	—
FY24	—	$3.38	—	—	$2.5B	—
FY23	—	$2.96	—	—	$2.4B	—
FY22	—	$2.77	—	—	$2.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.6B	$1.6B	$1.6B	$1.7B	$1.6B	$2.1B	$2.3B	$2.4B	$2.5B	$2.6B
YoY change	+4.61%	-0.76%	+4.71%	+2.92%	-4.12%	+33.2%	+5.7%	+4.92%	+3.15%	+4.14%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.6B	1.6B	1.6B	1.7B	1.6B	2.1B	2.3B	2.4B	2.5B	2.6B
Cost of revenue	773.3M	758.4M	791.4M	809.1M	782.3M	1B	1.1B	1.1B	1.3B	1.3B
Gross profit	799M	801.9M	842.4M	872.2M	829.8M	1.1B	1.2B	1.3B	1.2B	1.2B
Gross margin	50.8%	51.4%	51.6%	51.9%	51.5%	52.1%	51.9%	52.6%	48.3%	47.7%
Research & development	48.1M	47.2M	51.5M	51.6M	48.9M	55.3M	56.4M	64.8M	67.8M	76.5M
Selling, general & administrative	600.1M	578.3M	611.9M	627.5M	610.6M	795.4M	833.4M	888.1M	801.6M	833.4M
Operating expenses	648.2M	625.5M	663.4M	679.1M	659.5M	850.8M	889.8M	953M	869.4M	909.9M
Operating income	144.2M	169.8M	172.3M	185.7M	158.7M	259.8M	281.5M	285.3M	304.3M	299.4M
Operating margin	9.17%	10.9%	10.5%	11%	9.84%	12.1%	12.4%	12%	12.4%	11.7%
Non-operating income, net	-5M	-2.4M	-4.1M	-1.9M	-33.3M	-5.8M	-8.8M	-1.7M	-1.1M	-1.6M
Pretax income	89.2M	151.7M	150.3M	165.2M	113M	247.8M	259.4M	241.6M	249.7M	239.5M
Income tax	39.7M	48.5M	47.2M	40.6M	13M	63.6M	54.4M	43M	47.8M	52.4M
Net income	49.5M	103.2M	103.1M	124.6M	100M	184.2M	205.1M	198.6M	201.8M	187.2M
Net margin	3.15%	6.61%	6.31%	7.41%	6.2%	8.58%	9.03%	8.34%	8.21%	7.31%
EBITDA	186.9M	209.6M	210.2M	228.1M	197.7M	297.4M	315.2M	335.9M	359.4M	350.3M
EPS	0.31	1.33	1.34	1.61	1.29	2.4	2.77	2.96	3.38	3.13
Diluted EPS	0.31	1.32	1.34	1.6	1.28	2.38	2.75	2.94	3.37	3.11

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	593.4M	413M	707.6M	683.9M	620.5M	445.2M	703.4M	720.5M	657.7M	477.2M	753M	820M
Cost of revenue	284.9M	203.2M	329.6M	312.1M	283.1M	344.5M	366.2M	366.2M	338.5M	266.6M	397.7M	374.1M
Gross profit	308.5M	209.8M	377.9M	371.8M	337.4M	100.7M	337.2M	354.3M	319.1M	210.7M	355.3M	445.8M
Gross margin	52%	50.8%	53.4%	54.4%	54.4%	22.6%	47.9%	49.2%	48.5%	44.1%	47.2%	54.4%
Research & development	16.2M	17.6M	16.5M	16.1M	18.9M	16.3M	18.9M	18.9M	18.6M	20.1M	19.2M	20.8M
Selling, general & administrative	210.2M	213.4M	236.6M	246.1M	232.9M	86M	200.3M	222M	204.9M	206.2M	213.7M	246.2M
Operating expenses	226.4M	231M	253M	262.2M	251.8M	102.4M	219.1M	240.9M	223.5M	226.3M	232.9M	267M
Operating income	78.6M	-24.7M	121.4M	106M	82.1M	-5.2M	114.5M	109.9M	92.9M	-17.9M	120.1M	176.6M
Operating margin	13.2%	-5.98%	17.2%	15.5%	13.2%	-1.17%	16.3%	15.2%	14.1%	-3.75%	16%	21.5%
Non-operating income, net	-918K	283K	-339K	-543K	-407K	203K	19.9M	-988K	-1.8M	-18.7M	-1.8M	-274K
Pretax income	68.3M	-36.2M	108M	91.4M	68.5M	-18.1M	120.6M	93.7M	76.7M	-51.4M	105.3M	164M
Income tax	11.3M	-9.7M	23.4M	21.2M	13.2M	-10M	21.6M	18.6M	28.6M	-16.4M	24.1M	38.7M
Net income	57M	-26.4M	84.6M	70.2M	55.3M	-8.2M	99M	75.1M	48M	-35M	81.2M	125.3M
Net margin	9.61%	-6.4%	12%	10.3%	8.91%	-1.83%	14.1%	10.4%	7.3%	-7.33%	10.8%	15.3%
EBITDA	91.4M	-11.6M	134.8M	119.5M	96M	9.1M	148.7M	123.8M	105.9M	-5.3M	131.2M	189.7M
EPS	0.86	—	1.36	1.12	0.89	-0.02	1.62	1.26	0.81	-0.58	1.36	2.09
Diluted EPS	0.85	—	1.35	1.11	0.89	-0.02	1.62	1.25	0.81	-0.58	1.36	2.08

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.5B	1.6B	1.6B	2.5B	3B	4B	3.1B	4.2B	4.5B	4.8B	4.9B
Enterprise value	1.8B	2B	1.9B	2.8B	3.2B	4B	3.6B	4.9B	5.2B	5.7B	5.9B
Shares outstanding	74.1M	74.4M	74.8M	75.4M	74.5M	74.5M	72M	67.1M	63.3M	60.3M	60.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	29.5	15.2	15.3	19.7	30.2	21.5	14.9	21.3	22.3	25.7	22.6
P/S	0.93	1.01	0.96	1.46	1.87	1.84	1.35	1.78	1.83	1.88	1.79
P/B	1.9	1.84	1.7	2.58	2.97	3.65	3.11	4.64	5.65	6.13	5.24
EV/EBITDA	9.58	9.47	9.17	12.4	16.2	13.4	11.3	14.5	14.5	16.3	15.7
EV/Sales	1.14	1.27	1.18	1.68	1.99	1.86	1.57	2.05	2.12	2.23	2.17
Earnings yield	3.39%	6.58%	6.54%	5.08%	3.31%	4.66%	6.71%	4.69%	4.48%	3.89%	4.43%
FCF yield	5.83%	-2.93%	8.31%	4.13%	7.94%	6.99%	-6.35%	6.4%	3.79%	2.49%	0.92%
PEG	—	—	—	—	—	—	—	—	—	—	0.34

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	50.8%	51.4%	51.6%	51.9%	51.5%	52.1%	51.9%	52.6%	48.3%	47.7%	54.4%
Operating margin	9.17%	10.9%	10.5%	11%	9.84%	12.1%	12.4%	12%	12.4%	11.7%	16%
Net margin	3.15%	6.61%	6.31%	7.41%	6.2%	8.58%	9.03%	8.34%	8.21%	7.31%	8.12%
ROE	6.44%	12.1%	11.1%	13.1%	9.83%	17%	20.9%	21.8%	25.3%	23.8%	25.2%
ROA	2.85%	5.95%	6.09%	6.86%	5.36%	9.19%	9.35%	9.04%	9.26%	7.99%	8.25%
ROIC	7.28%	9.1%	9.24%	10.6%	11.7%	17.3%	14.9%	15.1%	16.3%	13.9%	15.2%
Return on tangible assets	12.4%	28.3%	32.6%	29.1%	20.4%	28.2%	29.6%	29.6%	29.1%	21.5%	19.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.44	2.24	2.25	2.07	2.24	2.01	1.93	2.21	2.06	2.38	2.55
Quick ratio	0.74	1.05	1.03	0.96	1.24	1.15	0.7	0.84	0.84	0.97	1.48
Debt / equity	0.53	0.54	0.41	0.42	0.33	0.29	0.58	0.77	0.96	1.2	1.17
Debt / assets	0.24	0.27	0.23	0.22	0.18	0.16	0.26	0.32	0.35	0.4	0.37
Net debt / EBITDA	1.77	1.99	1.68	1.61	0.92	0.11	1.61	1.89	1.98	2.55	2.12
Interest coverage	2.74	9.97	8.84	9.48	9.83	37.8	19.5	6.54	5.56	5.03	5.03
Effective tax rate	44.5%	32%	31.4%	24.6%	11.5%	25.7%	20.9%	17.8%	19.2%	21.9%	25.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	21.2	21	21.9	22.3	21.6	28.8	31.6	35.5	38.8	42.4	45.3
EPS (basic)	0.31	1.33	1.34	1.61	1.29	2.4	2.77	2.96	3.38	3.13	3.13
EPS (diluted)	0.31	1.32	1.34	1.6	1.28	2.38	2.75	2.94	3.37	3.11	3.68
Book value per share	10.4	11.5	12.4	12.6	13.7	14.5	13.7	13.6	12.6	13	15.8
FCF per share	1.15	-0.62	1.75	1.34	3.22	3.71	-2.7	4.04	2.69	1.99	3.07
Cash per share	1.07	0.64	0.41	0.45	2.03	3.78	0.82	0.98	0.84	0.83	1.14
Capex per share	0.26	0.25	0.44	0.44	0.33	0.5	0.85	1.12	1.18	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.22%	1.21%	2.01%	1.96%	1.53%	1.75%	2.7%	3.16%	3.04%	—	—
Capex / operating cash flow	20.8%	-85.2%	21.1%	25.1%	9.36%	12.8%	-92.1%	20.7%	29.2%	—	—
Payout ratio	35%	34.6%	37.9%	34.9%	46.1%	26.7%	25.5%	26.4%	26.9%	30%	26.6%
Dividend yield	1.19%	2.28%	2.48%	1.77%	1.53%	1.24%	1.71%	1.24%	1.21%	1.17%	1.22%

Yield

1.22%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.255

ex-dividend Sep 4, 2026

Payout ratio

27%

of earnings

Dividend growth

8 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 4, 2026	$0.255
Jun 5, 2026	$0.255
Mar 6, 2026	$0.255
Dec 5, 2025	$0.235
Sep 5, 2025	$0.235
Jun 6, 2025	$0.235
Mar 7, 2025	$0.235
Dec 6, 2024	$0.215

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$593.4M	$413M	$707.6M	$683.9M	$620.5M	$445.2M	$703.4M	$720.5M	$657.7M	$477.2M	$753M	$820M
YoY change	+6.29%	-7.7%	+3.1%	-0.8%	+4.57%	+7.8%	-0.59%	+5.35%	+5.99%	+7.2%	+7.05%	+13.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	79.1M	47.7M	31M	34.2M	151.5M	281.7M	58.9M	65.4M	53.1M	50.1M
Receivables	177.5M	190.9M	186.1M	215.4M	201.5M	174.4M	216.7M	201.4M	218.4M	217.5M
Inventory	323.3M	364M	361.2M	398.4M	357.7M	413.3M	674.7M	615.5M	576M	608.6M
Total current assets	664.5M	687.1M	664M	742.8M	799.8M	969.2M	1.1B	996.7M	973.9M	1B
Property, plant & equipment	105.9M	90.4M	86.3M	84.8M	71.4M	76.4M	84.6M	100.8M	102M	117.7M
Goodwill & intangibles	1.3B	1.4B	1.4B	1.4B	1.4B	1.4B	1.5B	1.5B	1.5B	1.5B
Total assets	1.7B	1.7B	1.7B	1.8B	1.9B	2B	2.2B	2.2B	2.2B	2.3B
Accounts payable	87.6M	92.8M	86M	102.3M	112.9M	163.6M	167M	150.5M	150.3M	157M
Short-term debt	61.2M	47.1M	36.5M	71.6M	20.3M	17.6M	40.3M	29.3M	10.9M	16.7M
Total current liabilities	462.1M	306.8M	294.9M	359.1M	357.7M	483M	548.6M	451.1M	472.7M	430.2M
Long-term debt	348.3M	417M	347M	330.7M	313.6M	297.4M	527.5M	671.8M	753.1M	926.2M
Total liabilities	967.3M	879.9M	764.6M	865.4M	849.2M	922.3M	1.2B	1.3B	1.4B	1.6B
Shareholders' equity	768.8M	854M	927M	951.6M	1B	1.1B	983.4M	912.9M	797.2M	785.3M
Total debt	409.6M	464.1M	383.5M	402.3M	333.9M	315M	567.8M	701.2M	764M	942.9M
Net debt	330.5M	416.3M	352.5M	368.1M	182.5M	33.3M	508.9M	635.7M	710.9M	892.8M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	89.5M	50.1M	51.7M	67.9M
Receivables	—	—	—	—	—	—	—	—	362.9M	217.5M	504.8M	489.4M
Inventory	—	—	—	—	—	—	—	—	513.7M	608.6M	576.7M	532.2M
Total current assets	—	—	—	—	—	—	—	—	1.1B	1B	1.3B	1.3B
Property, plant & equipment	—	-355.8M	—	—	—	-389.4M	—	—	—	117.7M	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	1.5B	1.5B	1.5B	1.5B
Total assets	—	—	—	—	—	—	—	—	2.4B	2.3B	2.6B	2.6B
Accounts payable	—	—	—	—	—	—	—	—	160.6M	157M	179.6M	195.6M
Short-term debt	—	—	—	—	—	—	—	—	23.4M	16.7M	28.6M	23.5M
Total current liabilities	—	—	—	—	—	—	—	—	461M	430.2M	452M	497.8M
Long-term debt	—	—	—	—	—	—	—	—	878.3M	926.2M	1.1B	936.5M
Total liabilities	—	—	—	—	—	—	—	—	1.5B	1.6B	1.8B	1.6B
Shareholders' equity	—	—	—	—	—	—	—	—	856.8M	785.3M	826.6M	926.3M
Total debt	—	—	—	—	—	—	—	—	901.7M	942.9M	1.2B	960.1M
Net debt	—	—	—	—	—	—	—	—	812.2M	892.8M	1.1B	892.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	49.5M	103.2M	103.1M	124.6M	100M	184.2M	205.1M	198.6M	201.8M	187.2M
Depreciation & amortization	40.8M	40.9M	40.5M	43M	45.4M	41.2M	41.7M	51.4M	55.9M	55.3M
Stock-based compensation	14.5M	15.3M	18.6M	11M	16M	27.6M	24.1M	29.7M	30.8M	28.6M
Change in working capital	-27.8M	-204.1M	-23.7M	-57.5M	105M	27.1M	-348.6M	68M	-35.9M	-82.4M
Operating cash flow	92.2M	-22.1M	155.3M	131.4M	263.6M	293.8M	-66.6M	364M	255.3M	194.4M
Capital expenditure	-19.2M	-18.8M	-32.8M	-33M	-24.7M	-37.6M	-61.4M	-75.4M	-74.6M	—
Investing cash flow	-20.1M	-18.8M	-49.7M	-61.1M	-24.7M	-37.6M	-75.2M	-76.3M	-74.6M	—
Dividends paid	-17.3M	-35.7M	-39.1M	-43.5M	-46.1M	-49.2M	-52.2M	-52.5M	-54.3M	-56.2M
Share repurchases	—	0	0	-29.4M	-7M	-65.5M	-189.1M	-334.1M	-172.8M	-211.5M
Financing cash flow	-97.2M	9.3M	-128.9M	-70.3M	-180.6M	-143M	-422.7M	-2B	-1.4B	-1.9B
Net change in cash	-25.1M	-31.7M	-23.3M	12K	58.3M	113.2M	-564.5M	-1.7B	-1.2B	-1.7B
Free cash flow	85.1M	-45.9M	130.9M	101.3M	239.8M	276.5M	-194.2M	271.2M	170.5M	120M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	57M	-26.4M	84.6M	70.2M	55.3M	-8.2M	99M	75.1M	48M	-35M	81.2M	125.3M
Depreciation & amortization	12.8M	13.2M	13.8M	14M	14M	14.2M	14.3M	14.9M	13M	13.1M	12.9M	13.4M
Stock-based compensation	5.3M	8.3M	7.4M	7.5M	9M	6.8M	6.9M	8.6M	8.5M	4.5M	8.6M	10.5M
Change in working capital	117.2M	84.4M	-232.7M	127.8M	59.7M	9.3M	-238M	59.9M	70.2M	25.5M	-272.3M	83.7M
Operating cash flow	194.2M	70.4M	-121.9M	222.1M	140.6M	14.6M	-112.4M	151.9M	163.1M	-338K	-143.7M	251.1M
Capital expenditure	-15.2M	-32.9M	-7.3M	-14.8M	-20.4M	-32.1M	-11.3M	—	—	—	—	—
Investing cash flow	-15.2M	-32.9M	-7.3M	-14.8M	-20.4M	-32.1M	-11.3M	—	—	—	—	—
Dividends paid	-12.7M	-12.4M	-14.6M	-13.4M	-13.2M	-13M	-14.8M	-13.8M	-13.8M	-13.7M	-15.9M	-14.9M
Share repurchases	-66.6M	-129.4M	-33.3M	-38.9M	-70.1M	-30.5M	-35.7M	-89.3M	-62.5M	-24M	-10M	-16M
Financing cash flow	-513.8M	-1.1B	101.6M	-366.7M	-392.5M	-264.1M	118.1M	-120.3M	-435.9M	-1.3B	164.9M	-453.7M
Net change in cash	-334.8M	-1.1B	-27.6M	-159.4M	-272.3M	-281.7M	-5.5M	31.6M	-272.8M	-1.3B	21.2M	-202.6M
Free cash flow	162.1M	42M	-116.8M	196.8M	123.7M	-33.2M	-131.5M	138M	136.9M	-23.3M	-162.9M	233M

Acushnet Holdings Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement