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Acushnet Holdings Corp. (GOLF) stock

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NYSE: GOLF NYSE Leisure Products Next results ~November 4, 2026

C+ Fundamentals grade

Acushnet Holdings Corp. is a US-listed company in the leisure products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$41

Cash-flow model

Base case. Range ~$27–$60 across our lower- and higher-growth cases (1.6%–11.6% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 54% below it.

Price used: $89.42, November 2, 2026

Acushnet Holdings Corp. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 6 selling0 purchases and 13 sales by directors and officers, last 12 monthsInsider trades
  • Funds142 adding, 162 cuttingOf 45 active managers that changed their stake, 25 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Acushnet Holdings files

Where Acushnet stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.71bn, up 8.8% on a year earlier, faster than the 6.3% growth a quarter earlier. Free-cash-flow margin rose to 6.8% from 3.9% a year earlier. The diluted share count is down 2.8% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 6 financial-health checks. Our cash-flow model value is $41.52 a share, against a share price of $82.25. At that price, our model says the market is pricing in about 15.1% a year of cash-flow growth for five years, faster than the 4.7% a year revenue growth it has delivered.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Acushnet Holdings Corp.'s trailing-twelve-month revenue grew 8.8% year on year, with a free-cash-flow margin of 6.8%. Where it stands out: operating margin of 13.7% ranks 3 of 29 leisure products companies we cover. Where it lags: days sales outstanding of 66 days ranks 22 of 27 leisure products companies we cover.

Our discounted-cash-flow model values the business at ~$41 per share in the base case (~$27–$60 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 89.5% while net income fell 4.4%: a 94pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.8% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $89.42 is 54% above our value per share of $41.
  • Below peers: days sales outstanding. Days sales outstanding of 66 days ranks 22 of 27 leisure products companies we cover (median 42 days).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 36.4% ranks 16 of 20 leisure products companies we cover (median 16.0%).
  • Heavily shorted. 12.0% of the shares available to trade are sold short (7.0 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$2.19 against an average estimate of $1.67: beat by 31.0%
Revenue
$820m, up 13.8% on a year earlier
Share reaction
-9.6% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
consolidated net sales $2,650m to $2,675m (full-year 2026); adjusted EBITDA $450m to $470m (full-year 2026)
Next report
November 4, 2026; average EPS estimate $1.02

Acushnet Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.9%
  • 1 week+9.4%
  • 1 month+6.9%
  • This year+13.0%
  • 1 year+16.9%
  • 5 years+75.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.7B
Operating margin
13.7%
Net margin
8.1%
EPS (TTM, diluted)
$3.66

Growth

Revenue growth
+8.8%
Change in growth rate
+2.4 pts
Share count change
−2.8%

Cash

Free cash flow (TTM)
$184M
FCF margin
6.8%
Stock pay % of revenue
1.2%

Earnings

Last results
August 6, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results
  3. Guidance
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Acushnet Holdings Corp. valuation models and calculator

What the price is pricing in

The share price implies about 16.1% a year of cash-flow growth for five years.That is faster than the 4.7% a year revenue growth Acushnet Holdings has delivered.

  • Priced in16.1%
  • Last 12 months8.8%
  • 3 years a year4.4%
  • 5 years a year4.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($87.61, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$41
Price used
$87.61close November 3, 2026
Implied change
▼ 53%
Uncertainty
High

How we got here: a discounted-cash-flow model of Acushnet Holdings Corp.'s free cash flow after stock-based pay with after-tax interest added back ($169M, FY2026 Q2 TTM), growing 1.9% and 5.6% in the next two years (forecasts, guidance and its record), then back to 6.6% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$27–~$60 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Acushnet Holdings Corp.'s free cash flow after stock-based pay ( $169M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Acushnet Holdings Corp. as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.82 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$41 ~$27–$60 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$63 ~$55–$89 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$57 ~$41–$82 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$51 ~$44–$63 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$51 ~$41–$63 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Acushnet Holdings Corp. with Leisure Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −31%
  • Revenue growth 5 points higher ▲ +41%
  • Free-cash-flow margin 1 point lower ▼ −19%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −19%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $25$39$59$84$117$160
8.5% $15$26$40$58$81$112
10% $10$18$28$42$60$83

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$16.68$18.32$18.70$29.48$37.48$49.73$40.44$61.07$69.60$79.15$89.42
Market value$1.1bn$1.4bn$1.4bn$2.2bn$2.8bn$3.7bn$2.9bn$4.1bn$4.4bn$4.8bn$5.4bn
+ Net debt (− = net cash)$376m$419m$355m$370m$184m$33m$509m$640m$715m$899m$892m
Enterprise value$1.4bn$1.8bn$1.8bn$2.6bn$3.0bn$3.8bn$3.4bn$4.8bn$5.1bn$5.7bn$6.3bn
Multiples
Price / sales 0.7x0.9x0.9x1.3x1.7x1.7x1.3x1.7x1.8x1.9x2.0x
Price / earnings 23.8x13.8x14.1x18.4x29.3x20.9x14.7x20.8x20.7x25.4x24.4x
Price / free cash flow 12.6x—10.8x22.0x11.7x13.5x—13.9x26.0x39.9x29.2x
EV / EBITDA 7.9x8.5x8.3x11.4x15.7x12.5x10.7x14.1x14.3x16.0x14.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

70 /100

Strong moat

How hard Acushnet Holdings's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 16 / 20

    Cash operating profit has been a median 12.2% of total assets over 10 years.

  • Pricing power 17 / 20

    Gross margin has been a median 51.1%, moving by 2.5 percentage points (standard deviation) across 10 years.

  • Durability 12 / 20

    Operating margin has been a median 11.3%; its worst year was 7.1%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 5.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 20.1% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (76 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $650m and EPS of $1.02 (range $0.85 to $1.11) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.17 +28% $2.7bn +4%
Next $4.24 +2% $2.8bn +3%

Next year's EPS estimate has moved +2.5% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +5.2% on 90 days ago. In the last 30 days, 3 analysts raised Acushnet Holdings Corp.'s forecast and 0 cut it.

Consensus EPS forecast Acushnet Holdings Corp., last 90 days
$3.80 $4.00 $4.20 $4.40 $4.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.96 Current fiscal year, 60 days ago: $4.58 Current fiscal year, 30 days ago: $4.39 Current fiscal year, 7 days ago: $4.16 Current fiscal year, Now: $4.17 $4.17 Next fiscal year, 90 days ago: $4.14 Next fiscal year, 60 days ago: $4.33 Next fiscal year, 30 days ago: $4.34 Next fiscal year, 7 days ago: $4.24 Next fiscal year, Now: $4.24 $4.24

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.96$4.14
60 days ago $4.58$4.33
30 days ago $4.39$4.34
7 days ago $4.16$4.24
Now $4.17$4.24

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.67 $2.19 +31.0%
Mar 2026 $1.47 $1.42 −3.2%
Dec 2025 −$0.25 −$0.45 −81.3%
Sept 2025 $0.86 $0.87 +0.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • consolidated net sales full-year 2026 $2,650m to $2,675m
    “The Company is updating its full-year 2026 outlook and now expects consolidated net sales to be approximately $2,650 to $2,675 million and adjusted EBITDA to be approximately $450 to $470 million.” source
  • net sales on a constant currency basis (growth) full-year 2026 3.4% growth to 4.3% growth Non-GAAP
    “On a constant currency basis, consolidated net sales are expected to increase 3.4% to 4.3%.” source
  • Adjusted EBITDA full-year 2026 $450m to $470m Non-GAAP
    “The Company is updating its full-year 2026 outlook and now expects consolidated net sales to be approximately $2,650 to $2,675 million and adjusted EBITDA to be approximately $450 to $470 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Acushnet Holdings Corp.'s revenue by +1.9% next year and +5.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+0.2%, weight 51%) , management guidance (-0.1%, weight 21%) and the company's own record (+6.6%, weight 28%) . How the weights are set.

Analyst recommendations

8 analysts, Nov 2026
Buy00%
Hold8100%
Sell00%

Monthly trend

  1. Nov 202688
  2. Oct 202688
  3. Sep 202677

Counts of recommendations published by analysts covering Acushnet Holdings Corp., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.0%
of tradable shares
Days to cover
7.01
at average volume
Short interest, 1 month
−7%
to October 15, 2026
Held by institutions
56%
of shares
Held by insiders
52.1%
of shares
Employees
7,300
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +16.9%

$76.47 on October 31, 2025 to $89.42

ThenNowEffect
Revenue (last 12 months) $2.5bn $2.7bn +8.8%
Net margin 9.2% 8.1% −12.1%
P/E multiple 20.6x 24.4x +18.9%
Share count 62m 60m +2.9%

Biggest factor: p/e multiple.

Last 3 years +68.1%

$53.18 on November 3, 2023 to $89.42

ThenNowEffect
Revenue (last 12 months) $2.4bn $2.7bn +13.7%
Net margin 9.2% 8.1% −12.0%
P/E multiple 17.0x 24.4x +44.1%
Share count 70m 60m +16.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GOLF+33%−19%+51%+14%+14%+13%
Industry peers (median)+14%−40%−8%−26%−15%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GOLF58%33%58%50%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GOLF−16%−28%−17%−17%−26%−34%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 28, 2016: 36% from January 6, 2020 to March 23, 2020. Getting back needed a 55% gain, reached on May 27, 2020, 65 days after the low.

Price behaviour

52-week range
$74.45 – $118.18
From 52-week high
−24.3%
vs 50-day average
+7.4%
vs 200-day average
−4.7%
Volatility (1 year)
30%
Beta vs S&P 500
0.56

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±5.4%
After a week
6 up, 6 down
typical move ±6.2%
After a month
6 up, 6 down
typical move ±8.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −9.6% +0.5% −12.8% −15.5%
May 6, 2026 −4.5% +1.1% −9.9% −3.8%
February 26, 2026 +2.9% −1.0% −2.2% −7.1%
November 5, 2025 +3.1% −0.7% +8.2% +11.3%
August 7, 2025 −5.8% +0.7% −0.7% −2.7%
May 7, 2025 +4.8% +1.1% +8.0% +9.7%
February 27, 2025 −2.8% −0.1% +3.7% +2.1%
November 7, 2024 +14.6% +1.2% +7.8% +19.4%
August 6, 2024 +1.7% +0.2% −2.2% −0.6%
May 7, 2024 −0.2% +0.1% +2.5% +4.0%
February 29, 2024 −5.3% +1.3% −7.1% −2.8%
November 2, 2023 +10.0% +2.8% +9.2% +17.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Acushnet Holdings Corp.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read October 29, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Acushnet Holdings Corp. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Acushnet Holdings Corp.
$2.3B $2.4B $2.5B $2.6B $2.7B $2.8B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.4B Revenue (TTM), FY23 Q4: $2.4B Revenue (TTM), FY24 Q1: $2.4B Revenue (TTM), FY24 Q2: $2.4B Revenue (TTM), FY24 Q3: $2.4B Revenue (TTM), FY24 Q4: $2.5B Revenue (TTM), FY25 Q1: $2.5B Revenue (TTM), FY25 Q2: $2.5B Revenue (TTM), FY25 Q3: $2.5B Revenue (TTM), FY25 Q4: $2.6B Revenue (TTM), FY26 Q1: $2.6B Revenue (TTM), FY26 Q2: $2.7B $2.7B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.4B
FY23 Q4 $2.4B
FY24 Q1 $2.4B
FY24 Q2 $2.4B
FY24 Q3 $2.4B
FY24 Q4 $2.5B
FY25 Q1 $2.5B
FY25 Q2 $2.5B
FY25 Q3 $2.5B
FY25 Q4 $2.6B
FY26 Q1 $2.6B
FY26 Q2 $2.7B
Revenue growth, TTM YoY Acushnet Holdings Corp.
0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 7.7% Revenue growth, TTM YoY, FY23 Q4: 4.9% Revenue growth, TTM YoY, FY24 Q1: 2.2% Revenue growth, TTM YoY, FY24 Q2: 0.7% Revenue growth, TTM YoY, FY24 Q3: 0.3% Revenue growth, TTM YoY, FY24 Q4: 3.2% Revenue growth, TTM YoY, FY25 Q1: 2.1% Revenue growth, TTM YoY, FY25 Q2: 3.8% Revenue growth, TTM YoY, FY25 Q3: 4.2% Revenue growth, TTM YoY, FY25 Q4: 4.1% Revenue growth, TTM YoY, FY26 Q1: 6.3% Revenue growth, TTM YoY, FY26 Q2: 8.8% 8.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 7.7%
FY23 Q4 4.9%
FY24 Q1 2.2%
FY24 Q2 0.7%
FY24 Q3 0.3%
FY24 Q4 3.2%
FY25 Q1 2.1%
FY25 Q2 3.8%
FY25 Q3 4.2%
FY25 Q4 4.1%
FY26 Q1 6.3%
FY26 Q2 8.8%
Operating margin (TTM) Acushnet Holdings Corp.
11% 12% 13% 14% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 13.3% Operating margin (TTM), FY23 Q4: 12.0% Operating margin (TTM), FY24 Q1: 11.7% Operating margin (TTM), FY24 Q2: 11.7% Operating margin (TTM), FY24 Q3: 11.7% Operating margin (TTM), FY24 Q4: 12.4% Operating margin (TTM), FY25 Q1: 12.1% Operating margin (TTM), FY25 Q2: 12.1% Operating margin (TTM), FY25 Q3: 12.4% Operating margin (TTM), FY25 Q4: 11.7% Operating margin (TTM), FY26 Q1: 11.7% Operating margin (TTM), FY26 Q2: 13.7% 13.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 13.3%
FY23 Q4 12.0%
FY24 Q1 11.7%
FY24 Q2 11.7%
FY24 Q3 11.7%
FY24 Q4 12.4%
FY25 Q1 12.1%
FY25 Q2 12.1%
FY25 Q3 12.4%
FY25 Q4 11.7%
FY26 Q1 11.7%
FY26 Q2 13.7%
FCF margin (TTM) Acushnet Holdings Corp.
0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 9.0% FCF margin (TTM), FY23 Q4: 12.4% FCF margin (TTM), FY24 Q1: 11.6% FCF margin (TTM), FY24 Q2: 11.8% FCF margin (TTM), FY24 Q3: 10.1% FCF margin (TTM), FY24 Q4: 6.9% FCF margin (TTM), FY25 Q1: 6.3% FCF margin (TTM), FY25 Q2: 3.9% FCF margin (TTM), FY25 Q3: 4.4% FCF margin (TTM), FY25 Q4: 4.7% FCF margin (TTM), FY26 Q1: 3.4% FCF margin (TTM), FY26 Q2: 6.8% 6.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 9.0%
FY23 Q4 12.4%
FY24 Q1 11.6%
FY24 Q2 11.8%
FY24 Q3 10.1%
FY24 Q4 6.9%
FY25 Q1 6.3%
FY25 Q2 3.9%
FY25 Q3 4.4%
FY25 Q4 4.7%
FY26 Q1 3.4%
FY26 Q2 6.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Acushnet Holdings took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $2.6B
  2. Cost of revenue $1.3B · 52.3%
  3. Gross profit $1.2B · 47.7%
  4. Research and development $76.5M · 3.0%
  5. Selling, general and admin $833M · 32.6%
  6. Operating income $299M · 11.7%
  7. Income tax $52.4M · 2.0%
  8. Interest and other $58.5M · 2.3%
  9. Net income $189M · 7.4%

Shares of revenue. Source: Acushnet Holdings's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,538 1,503 1,572 1,560 1,634 1,681 1,612 2,148 2,270 2,382 2,457 2,559 2,708
Gross profit 758 776 799 802 842 872 830 1,118 1,049 1,120 1,188 1,221 1,331
EBITDA 147 159 183 211 213 229 191 301 323 337 360 355 424
Operating income 104 118 143 170 172 186 145 260 282 285 304 299 372
Net income 22 −1 45 99 100 121 96 179 199 198 214 189 220
Diluted EPS $0.23 −$0.74 $0.62 $1.32 $1.32 $1.60 $1.28 $2.38 $2.75 $2.94 $3.37 $3.11 $3.66
Growth (year on year)
Revenue — −2.3% +4.6% −0.8% +4.7% +2.9% −4.1% +33.2% +5.7% +4.9% +3.2% +4.1% +8.8%
EBITDA — +8.1% +15.1% +14.9% +1.0% +7.4% −16.5% +57.7% +7.4% +4.2% +7.0% −1.5% +18.2%
Operating income — +12.8% +21.2% +19.2% +1.5% +7.7% −21.7% +78.6% +8.4% +1.3% +6.6% −1.6% +23.4%
Net income — — — +119.3% +1.2% +21.2% −20.7% +86.3% +11.4% −0.4% +8.0% −12.0% −4.4%
Diluted EPS — — — +112.9% 0.0% +21.2% −20.0% +85.9% +15.5% +6.9% +14.6% −7.7% −1.7%
Margins
Gross margin 49.3% 51.6% 50.8% 51.4% 51.6% 51.9% 51.5% 52.1% 46.2% 47.0% 48.3% 47.7% 49.1%
EBITDA margin 9.6% 10.6% 11.7% 13.5% 13.0% 13.6% 11.8% 14.0% 14.2% 14.1% 14.7% 13.9% 15.7%
Operating margin 6.8% 7.8% 9.1% 10.9% 10.5% 11.0% 9.0% 12.1% 12.4% 12.0% 12.4% 11.7% 13.7%
Net margin 1.4% −0.1% 2.9% 6.3% 6.1% 7.2% 6.0% 8.3% 8.8% 8.3% 8.7% 7.4% 8.1%
Free-cash-flow margin 2.0% 4.6% 5.4% −2.9% 8.0% 6.0% 14.9% 12.9% −5.7% 12.4% 6.9% 4.7% 6.8%
Cash flow
Cash from operations 54 92 104 −27 164 134 264 314 −68 372 245 194 270
Capital spending 24 23 19 19 33 33 25 38 61 75 75 74 86
Free cash flow 31 69 85 −46 131 101 240 277 −129 296 170 120 184
Stock-based pay 1 2 14 15 19 11 16 28 24 30 31 29 32
Free cash flow after stock pay 30 67 71 −61 112 90 224 249 −153 267 140 91 152
Balance sheet
Cash 48 54 76 48 31 34 151 282 59 65 53 50 68
Total debt 0 875 452 467 386 404 335 315 568 706 768 949 960
Net debt (negative = net cash) −48 821 376 419 355 370 184 33 509 640 715 899 892
Diluted shares 17m 20m 64m 75m 75m 76m 75m 75m 73m 68m 64m 61m 60m
Returned to shareholders
Dividends — — 0 36 39 43 46 49 52 52 54 56 58
Buybacks — — — 0 0 29 7 65 189 334 173 212 113
Total returned — — 0 36 39 73 53 115 241 387 227 268 171

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $2.6bn
Short-term assets $1.3bnLonger-term assets $1.3bn
What it owes, and who funded it · $2.6bn
Short-term liabilities $498mLonger-term liabilities $1.2bnShareholders' equity $924m
  • Short-term assets cover short-term liabilities $1.3bn of assets due within a year against $498m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.3bn short-term assets against $1.2bn of longer-dated liabilities.
  • More cash than debt $68m of cash against $937m of debt.
  • Debt below 40% of shareholders' equity Debt is 101% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 29% to 101% over five years.
  • A year's operating cash flow covers at least 20% of debt $270m of operating cash flow against $937m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Acushnet Holdings Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$113M
Dividends (TTM)
$58.3M
Returned to shareholders
93%
of free cash flow
Buybacks, last 3 fiscal years
$718M
Diluted share count
−2.8%
year over year
Total shareholder yield
3.2%
dividends 1.1% + buybacks 2.1% of market value
Dividend payout ratio
27%
of net income paid out
R&D spending
2.9%
of revenue
Sales & admin spending
32.2%
of revenue
Days sales outstanding
66 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in leisure products
Last 12 months unless stated GOLF PTON CALY YETI HAS MAT Median
Revenue, last 12 months $2.7bn $2.4bn $2.1bn $1.9bn $5.2bn $5.5bn $349m
Revenue growth, last 12 months 8.8% −1.8% 3.7% 6.2% 18.9% 2.9% 7.6%
Revenue growth, 3-year average 4.4% −4.4% −20.2% 6.8% −1.3% 2.8% −2.5%
Revenue growth, latest quarter 13.8% 0.1% 2.0% 8.5% 15.0% 10.5% 10.9%
Gross margin 49.1% 52.6% 41.4% 59.2% 74.0% 47.5% 40.1%
Operating margin 13.7% 6.6% 9.6% 12.2% 25.8% 7.8% 1.0%
Operating margin, 3-year average 12.5% −4.8% 11.1% 13.2% 2.5% 10.9% 0.9%
Net margin 8.1% 2.6% −12.4% 9.2% 18.4% 7.8% −0.5%
Cash from operations / revenue 10.0% 15.8% 17.5% 15.9% 25.3% 12.1% 8.7%
Free-cash-flow margin 6.8% 15.4% 15.9% 13.2% 23.7% 9.3% 6.1%
Free-cash-flow margin, 3-year average 7.5% 8.4% 30.4% 12.3% 20.3% 12.3% 5.3%
Stock pay / revenue 1.2% 8.1% 1.0% 2.3% 1.8% 1.3% 1.3%
Change in share count −2.8% 11.8% −9.1% −7.6% 0.2% −8.3% 0.5%

Median of all 29 companies we cover in leisure products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 leisure products companies
Measure Company Peer median Rank
Revenue growth Growth 8.8% 7.6% 14 of 29
Change in growth rate Growth +2.4pp +3.1pp 16 of 29
Gross margin Profitability 49.1% 39.7% 10 of 27
Operating margin Profitability 13.7% 1.0% 3 of 29
Net margin Profitability 8.1% -0.5% 7 of 29
Free-cash-flow margin Cash generation 6.8% 6.1% 13 of 29
Stock pay as % of revenue Cash generation 1.2% 1.3% 13 of 27
Long-term debt as % of assets Balance sheet 36.4% 16.0% 16 of 20
Change in share count Balance sheet -2.8% 0.8% 5 of 24
Days sales outstanding Balance sheet 66 days 42 days 22 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $1.5B 59.5% ▲ 5.3%
EMEA $357M 13.9% ▲ 11.2%
South Korea $276M 10.8% ▼ 5.3%
Rest of World $272M 10.6% ▲ 2.9%
Japan $131M 5.1% ▼ 2.2%

From Acushnet Holdings Corp.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.8B
Institutions reporting
336
Shares held vs prior quarter
▼ 0.7%
Positions opened / closed
50 / 33

Top buyers and sellers, Q2 2026: 142 institutions bought and 162 sold ; the biggest buyer was FMR LLC (+318K shares) and the biggest seller Capital World Investors (−1.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Kayne Anderson Rudnick Investment Management LLC $644M 5.4M 16.9% ▼ 8.3%
Blackrock, Inc. $496M 4.2M 13.0% ▲ 2.5%
Vanguard Portfolio Management LLC $186M 1.6M 4.9% ▲ 3.3%
Dimensional Fund Advisors LP $182M 1.5M 4.8% ▲ 1.3%
Vanguard Capital Management LLC $142M 1.2M 3.7% ▲ 0.1%
State Street Corp $134M 1.1M 3.5% ▲ 6.0%
Morgan Stanley $113M 952K 3.0% ▼ 14.4%
FMR LLC $92.1M 777K 2.4% ▲ 69.4%
Geode Capital Management, LLC $86M 725K 2.3% ▲ 6.3%
Wells Fargo & Company $84M 708K 2.2% ▼ 2.0%
Principal Financial Group Inc $81.7M 690K 2.1% ▼ 2.8%
Raymond James Financial Inc $79.4M 669K 2.1% ▼ 6.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Acushnet Holdings Corp.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $9.2M 13 trades by 6 insiders · 0% under pre-set plans
Net ▼ $9.2M net selling
Insider Date Trade Shares Price Value
Mohamed Nicholas N Principal Accounting Officer June 11, 2026 Sell 529 $95.00 $50,241
Pelisek Steven Francis President-Titleist Golf Clubs May 27, 2026 Sell 487 $91.92 $44,765
Pelisek Steven Francis President-Titleist Golf Clubs May 27, 2026 Sell 14,513 $91.24 $1.3M
Reidy Brendan J. See Remarks March 9, 2026 Sell 9,489 $92.67 $879,356
Mohamed Nicholas N Principal Accounting Officer March 4, 2026 Sell 952 $99.00 $94,248
Hewett Gregory A. Director March 4, 2026 Sell 4,206 $100.00 $420,600
Lindner Christopher Aaron President - FootJoy December 15, 2025 Sell 6,500 $85.00 $552,500
Pelisek Steven Francis President-Titleist Golf Clubs November 25, 2025 Sell 20,000 $84.66 $1.7M
Maher David Eugene President and CEO November 14, 2025 Sell 26,887 $79.32 $2.1M
Maher David Eugene President and CEO November 14, 2025 Sell 52 $79.87 $4,153
Maher David Eugene President and CEO November 13, 2025 Sell 2,656 $80.80 $214,605
Maher David Eugene President and CEO November 13, 2025 Sell 11,240 $80.02 $899,425

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Acushnet Holdings Corp. disclosed in the last 12 months; 1 earlier trade on record.

  • Van Taylor(R-TX 3):Sale (full), $1,001 - $15,000, traded March 25, 2019, filed April 15, 2019

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 6, 2026
  • February 26, 2026
  • November 5, 2025
  • August 7, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Acushnet Holdings Corp. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Acushnet Holdings Corp. in brief

What does Acushnet Holdings Corp. do?
Acushnet Holdings Corp. is a US-listed company in the leisure products industry. Its financial year ends in December.
What is Acushnet Holdings Corp.'s stock ticker?
Acushnet Holdings Corp. trades under the ticker GOLF on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Acushnet Holdings Corp.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Acushnet Holdings Corp. reported revenue of $2.7B, 8.8% higher than a year earlier, according to its SEC filings.
What is Acushnet Holdings Corp.'s free cash flow?
Acushnet Holdings Corp.'s free-cash-flow margin is 6.8% of revenue over the trailing twelve months, ranking 13 of the 29 leisure products companies we cover.
What is Acushnet Holdings Corp.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Acushnet Holdings Corp.'s free cash flow after stock-based pay gives ~$41 per share in the base case, and ~$27–$60 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Acushnet Holdings Corp.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Kayne Anderson Rudnick Investment Management LLC, Blackrock, Inc. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Acushnet Holdings Corp. buying back stock, and does it pay a dividend?
Acushnet Holdings Corp. spent $113M on share repurchases over the trailing twelve months, and its diluted share count fell 2.8% over the year.
What is Acushnet Holdings Corp.'s market cap?
On November 2, 2026, Acushnet Holdings Corp.'s market capitalisation was about $5.4B, with a price-to-earnings ratio of 24.4 and net debt of $892M. Market figures come from third-party market data and may be delayed.
Does Acushnet Holdings Corp. pay a dividend?
Yes: Acushnet Holdings Corp. paid $58.3M in dividends over the trailing twelve months, a dividend yield of 1.09% and a payout ratio of 26.5%.
How much debt does Acushnet Holdings Corp. have?
Acushnet Holdings Corp.'s debt-to-equity ratio is 101.4%, from its latest balance sheet (28.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Acushnet Holdings Corp.'s competitors?
In our Leisure Products peer group, the companies closest to Acushnet Holdings Corp. are Peloton Interactive, Inc., Callaway Golf Co, Yeti Holdings, Inc., Hasbro and Mattel Inc. The side-by-side comparison below sets their revenue, margins and growth against Acushnet Holdings Corp.'s.
Are insiders buying or selling Acushnet Holdings Corp. stock?
Over the last 12 months, Acushnet Holdings Corp.'s directors and officers reported 0 open-market purchases and 13 sales on Form 4. The insider trading page charts every trade.
When is Acushnet Holdings Corp.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Acushnet Holdings Corp. announces its own schedule.