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Acushnet Holdings Corp.

GOLF

Acushnet Holdings Corp. • NYSE
$84.10 ▼ -0.50% (-0.42)
Market Cap $4.93 B
52w High $85.95
52w Low $55.31
Dividend Yield 0.92%
P/E 22.79
Volume 106.28K
Outstanding Shares 58.66M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $657.658M ▼ $226.196M ▼ $48.511M ▼ 7.376% ▼ $0.81 ▼ $104.147M ▼
Q2-2025 $720.476M ▲ $244.448M ▲ $75.563M ▼ 10.488% ▼ $1.26 ▼ $123.809M ▼
Q1-2025 $703.372M ▲ $222.615M ▲ $99.372M ▲ 14.128% ▲ $1.62 ▲ $148.687M ▲
Q4-2024 $445.169M ▼ $105.868M ▼ $-1.116M ▼ -0.251% ▼ $-0.018 ▼ $9.079M ▼
Q3-2024 $620.501M $255.308M $56.224M 9.061% $0.89 $96.032M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $89.481M ▲ $2.354B ▼ $1.497B ▼ $852.275M ▲
Q2-2025 $60.055M ▲ $2.396B ▼ $1.582B ▼ $808.519M ▲
Q1-2025 $40.599M ▼ $2.403B ▲ $1.618B ▲ $780.284M ▲
Q4-2024 $53.059M ▼ $2.18B ▼ $1.383B ▲ $765.247M ▼
Q3-2024 $99.062M $2.281B $1.376B $863.899M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $48.031M ▼ $163.1M ▲ $-25.554M ▼ $-108.093M ▲ $29.426M ▲ $136.9M ▼
Q2-2025 $75.079M ▼ $151.862M ▲ $-14.529M ▼ $-120.277M ▼ $19.456M ▲ $137.979M ▲
Q1-2025 $99.025M ▲ $-120.254M ▼ $-11.263M ▲ $118.145M ▲ $-12.46M ▲ $-131.517M ▼
Q4-2024 $-8.156M ▼ $-1.12M ▼ $-32.102M ▼ $-8.008M ▲ $-46.003M ▼ $-33.222M ▼
Q3-2024 $55.275M $144.111M $-20.412M $-108.656M $18.776M $123.699M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Footjoy Golf Wear
Footjoy Golf Wear
 $250.00M ▲$180.00M ▼$150.00M ▼$140.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the last five years, showing a business that is expanding rather than stagnating. Profits have also trended upward, with operating income and net income both improving over time. That said, profit margins have been a bit squeezed recently, suggesting higher costs, more promotional activity, or mix shifts. Overall, the company looks consistently profitable with healthy earnings per share growth, but not immune to cost pressures or competitive pricing.

Balance Sheet

Balance Sheet The balance sheet looks reasonably sound but not overly conservative. Total assets have inched up over time, while debt has risen compared with a few years ago and then leveled off, pointing to a moderate use of borrowing to fund growth or shareholder returns. Equity has been drifting down from earlier highs, which often reflects share repurchases or strong dividend payouts more than operating weakness. Cash on hand is relatively modest for the size of the business, so the company relies more on ongoing cash generation and credit access than on a large cash cushion.

Cash Flow

Cash Flow The business generally throws off solid cash from operations, with one recent year showing a meaningful dip tied to working capital swings rather than a collapse in profitability. Free cash flow is positive in most years, even after funding regular investment in facilities, equipment, and product capabilities. Capital spending is disciplined rather than aggressive, signaling careful reinvestment. Overall, cash generation looks healthy enough to support dividends, buybacks, and moderate debt, but it can be somewhat lumpy year to year.

Competitive Edge

Competitive Edge Acushnet’s competitive position is a major strength. Titleist and FootJoy are premier, highly trusted brands in golf, with deep loyalty from serious players and strong visibility on professional tours. The company benefits from a “halo effect” where tour usage reinforces consumer demand. Its vertical manufacturing, especially in golf balls, and extensive patent portfolio make it harder for rivals to copy its performance. Strong relationships with golf courses and pro shops, plus a broad product lineup from balls and clubs to shoes and apparel, give it an entrenched presence across the golf ecosystem.

Innovation and R&D

Innovation and R&D Innovation is at the core of the strategy. The company refreshes key product lines on a regular cycle, constantly upgrading golf ball materials, club designs, and footwear technologies to stay at the performance edge. It pairs this with high-touch services like custom club fitting and personalized footwear that deepen engagement with serious golfers. Ongoing investment in research and development, a strong product pipeline, and moves into more premium apparel and direct-to-consumer channels all point to a business trying to stay ahead of both technology shifts and changing shopping habits. The main risk is execution: maintaining performance leadership and premium positioning in a sport that can be sensitive to broader economic conditions.

Summary

Overall, Acushnet looks like a mature, branded consumer company with steady growth, consistent profitability, and a strong franchise in a niche but globally recognized sport. Its income statement and cash flows show a proven ability to earn and convert profits into cash, even if margins and working capital can move around. The balance sheet uses some leverage but appears manageable. The real anchor is its powerful brands and innovation engine, which create a durable position with dedicated golfers. Future performance will likely depend on how well it continues to innovate, manages its premium repositioning, and navigates the cyclical nature of discretionary spending on golf equipment and apparel.

NEWS

November 12, 2025 · 5:21 PM UTC

Acushnet Holdings Corp. Announces Pricing of Offering of Senior Notes

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November 12, 2025 · 8:00 AM UTC

Acushnet Holdings Corp. Announces Offering of Senior Notes

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November 5, 2025 · 6:25 AM UTC

Acushnet Holdings Corp. Announces Third Quarter 2025 Financial Results

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October 22, 2025 · 7:30 AM UTC

Acushnet Holdings Corp. to Announce Third Quarter 2025 Financial Results on November 5, 2025

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