Callaway Golf vs Acushnet Holdings
Acushnet Holdings is the larger business, with $2.56bn of revenue in fiscal 2025 against $2.06bn for Callaway Golf (1.2 times as much). Acushnet Holdings grew faster (4.1% against -0.8%). Acushnet Holdings kept more of each dollar of sales as profit: a net margin of 7.4% against -19.9%.
| Latest fiscal year | Callaway GolfCALY, 2025 | Acushnet HoldingsGOLF, 2025 |
|---|---|---|
| Revenue | $2.06bn | $2.56bn |
| Revenue growth | -0.8% | 4.1% |
| Net income | −$409m | $189m |
| Operating margin | — | — |
| Net margin | -19.9% | 7.4% |
| Return on equity | -18.3% | 24.3% |
| Free cash flow | $302m | $120m |
| Cash | $903m | $50.1m |
| Total debt | $1.46bn | $949m |
| Debt to equity | — | — |
| Dividend per share | — | $0.94 |
| Dividend yield | — | 1.1% |
| Share buybacks | $3.7m | $212m |
| Employees | 28,000 | 7,300 |
| Market value | $3.03bn | $5.25bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 28 (Weak) | 70 (Strong) |
| Insider trades, 12 months | 0 buys, 15 sales | 0 buys, 13 sales |