Acushnet Holdings Corp. GOLF

Consumer discretionary SIC 3949 - Sporting & Athletic Goods, NEC NAICS Manufacturing › Miscellaneous Manufacturing › Other Miscellaneous Manufacturing › Sporting and Athletic Goods Manufacturing derived NYSE

We are the global leader in the design, development, manufacture and distribution of performance‑driven golf products, and these products are widely recognized for their quality excellence. Our mission—to be the performance and quality leader in every golf product category in which we compete—has remained consistent since we entered the golf ball business in 1932. Today, we are the steward of two of the most revered brands in golf—Titleist, one of golf's leading performance equipment brands, and FootJoy, one of golf's leading performance wearable brands. Titleist has been the #1 ball in professional golf for over 75 years and FootJoy has been the #1 shoe on the PGA Tour for eight decades.

Our target market is dedicated golfers, who are the cornerstone of the worldwide golf industry. These dedicated golfers are avid and skill‑biased, prioritize performance and commit the time, effort and money to improve their game. We believe our focus on innovation and process excellence yields golf products that represent superior performance and consistent product quality, which are the key attributes sought after by dedicated golfers. Many of the game's professional players, who represent the most dedicated golfers, prefer our products, thereby validating our performance and quality promise while also driving brand awareness. We seek to leverage a pyramid of influence product and promotion strategy, whereby our products are the most played by the world's best players, creating aspirational appeal for a broad range of golfers who want to emulate the performance of the game's best players.

Last close 81.31 2026-10-23
Market cap $4.75B 2026-06-30 share count
52-week range 75.16 - 119.65

Valuation FY2025 figures against the last close

P/S1.9x
P/E26.1x
P/FCF39.6x
EV/EBITDA15.9x
Dividend yield1.2%
Diluted EPS3.11

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Emea
  • Korea
  • Rest of World
  • Japan
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 1.5B (59.5%) 60% United States Emea, FY2025: 356.8M (13.9%) 14% Emea Korea, FY2025: 275.5M (10.8%) 11% Korea Rest of World, FY2025: 272M (10.6%) 11% Rest of World Japan, FY2025: 131.1M (5.1%) 5% Japan FY2024 United States, FY2024: 1.4B (58.9%) 59% Emea, FY2024: 320.9M (13.1%) 13% Korea, FY2024: 291M (11.8%) 12% Rest of World, FY2024: 264.4M (10.8%) 11% Japan, FY2024: 134M (5.5%) 5% FY2023 United States, FY2023: 1.4B (56.7%) 57% Emea, FY2023: 314.7M (13.2%) 13% Korea, FY2023: 301.8M (12.7%) 13% Rest of World, FY2023: 266.1M (11.2%) 11% Japan, FY2023: 149.4M (6.3%) 6%
Region FY2025FY2024FY2023
United States $1.52B $1.45B $1.35B
Emea $356.8M $320.9M $314.7M
Korea $275.5M $291.0M $301.8M
Rest of World $272.0M $264.4M $266.1M
Japan $131.1M $134.0M $149.4M

As the company reported it, from the “Segment Information - Schedule of Net Sales and Area Long-lived Assets by Geographical (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.56B$2.46B$2.38B$2.27B$2.15B$1.61B$1.68B$1.63B$1.56B$1.57B
Cost of revenue $1.34B$1.27B$1.26B$1.22B$1.03B$782.3M$809.1M$791.4M$758.4M$773.3M
Gross profit $1.22B$1.19B$1.12B$1.05B$1.12B$829.8M$872.2M$842.4M$801.9M$799.0M
R&D $76.5M$67.8M$64.8M$56.4M$55.3M$48.9M$51.6M$51.5M$47.2M$48.1M
SG&A $833.4M$801.6M$755.7M$702.9M$795.4M$610.6M$627.5M$611.9M$578.3M$600.1M
Operating income $299.4M$304.3M$285.3M$281.5M$259.8M$145.5M$185.7M$172.3M$169.8M$142.5M
Interest expense ——$41.3M$13.3M$7.7M$15.6M$19.6M$18.4M$15.7M$49.9M
Pre-tax income $239.5M$249.7M$241.6M$259.4M$247.8M$113.0M$165.2M$150.3M$151.7M$89.2M
Income tax $52.4M$47.8M$43.0M$54.4M$63.6M$13.0M$40.6M$47.2M$48.5M$39.7M
Net income $188.5M$214.3M$198.4M$199.3M$178.9M$96.0M$121.1M$99.9M$98.7M$45.0M
EPS, basic 3.133.382.962.772.401.291.611.341.330.74
EPS, diluted 3.113.372.942.752.381.281.601.321.320.62
Shares, diluted (wtd. avg.) 60.6M63.6M67.5M72.6M75.3M75.1M75.8M75.5M74.6M64.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $50.1M$53.1M$65.4M$58.9M$281.7M$151.5M$34.2M$31.0M$47.7M$79.1M
Receivables $217.5M$218.4M$201.4M$216.7M$174.4M$201.5M$215.4M$186.1M$190.9M$177.5M
Inventory $608.6M$576.0M$615.5M$674.7M$413.3M$357.7M$398.4M$361.2M$364.0M$323.3M
Total current assets $1.03B$973.9M$996.7M$1.06B$969.2M$799.8M$742.8M$664.0M$687.1M$664.5M
Property, plant and equipment ———————$228.4M$228.9M$239.7M
Goodwill $224.3M$220.1M$225.3M$224.8M$210.4M$215.2M$214.1M$209.7M$203.4M$196.7M
Other intangibles $511.4M$523.1M$537.4M$525.9M$465.3M$473.5M$480.8M$478.3M$481.2M$490.0M
Total assets $2.34B$2.18B$2.20B$2.19B$2.01B$1.87B$1.82B$1.69B$1.73B$1.74B
Accounts payable $157.0M$150.3M$150.5M$167.0M$163.6M$112.9M$102.3M$86.0M$92.8M$87.6M
Short-term debt $661.0K$722.0K$351.0K$0$17.5M$17.5M$17.5M$35.6M$26.7M$18.8M
Total current liabilities $430.2M$472.7M$451.1M$548.6M$483.0M$357.7M$359.1M$294.9M$306.8M$462.1M
Long-term debt $926.2M$753.1M$671.8M$527.5M$297.4M$313.6M$330.7M$347.0M$446.6M$370.3M
Total liabilities $1.56B$1.38B$1.28B$1.21B$922.3M$849.2M$865.4M$764.6M$879.9M$967.3M
Retained earnings $142.0M$180.3M$159.9M$473.1M$325.0M$199.8M$151.0M$72.9M$8.2M-$54.0M
Total equity $783.6M$765.2M$903.1M$976.7M$1.08B$1.02B$950.8M$927.0M$854.0M$768.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $194.4M$245.1M$371.8M-$67.8M$314.1M$264.4M$134.3M$163.7M-$27.0M$104.3M
Depreciation and amortisation $55.3M$55.9M$51.4M$41.7M$41.2M$45.4M$43.0M$40.5M$40.9M$40.8M
Stock-based compensation $28.6M$30.8M$29.7M$24.1M$27.6M$16.0M$11.0M$18.6M$15.3M$14.5M
Capital expenditure $74.3M$74.6M$75.4M$61.4M$37.6M$24.7M$33.0M$32.8M$18.8M$19.2M
Investing cash flow -$74.3M-$74.6M-$101.5M-$140.2M-$37.6M-$24.7M-$61.1M-$49.7M-$18.8M-$19.2M
Financing cash flow -$124.8M-$179.7M-$264.7M-$8.6M-$140.3M-$128.6M-$70.3M-$128.9M$9.3M-$62.7M
Dividends paid $56.2M$54.3M$52.5M$52.2M$49.2M$46.1M$43.5M$39.1M$35.7M$0
Buybacks $211.5M$172.8M$334.1M$189.1M$65.5M$7.0M$29.4M$0$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001672013-26-000106.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 1.6B Gross profit, FY2016: 799M Net income, FY2016: 45M Revenue, FY2017: 1.6B Gross profit, FY2017: 801.9M Net income, FY2017: 98.7M Revenue, FY2018: 1.6B Gross profit, FY2018: 842.4M Net income, FY2018: 99.9M Revenue, FY2019: 1.7B Gross profit, FY2019: 872.2M Net income, FY2019: 121.1M Revenue, FY2020: 1.6B Gross profit, FY2020: 829.8M Net income, FY2020: 96M Revenue, FY2021: 2.1B Gross profit, FY2021: 1.1B Net income, FY2021: 178.9M Revenue, FY2022: 2.3B Gross profit, FY2022: 1B Net income, FY2022: 199.3M Revenue, FY2023: 2.4B Gross profit, FY2023: 1.1B Net income, FY2023: 198.4M Revenue, FY2024: 2.5B Gross profit, FY2024: 1.2B Net income, FY2024: 214.3M Revenue, FY2025: 2.6B Gross profit, FY2025: 1.2B Net income, FY2025: 188.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.57B $1.56B $1.63B $1.68B $1.61B $2.15B $2.27B $2.38B $2.46B $2.56B
Gross profit $799.0M $801.9M $842.4M $872.2M $829.8M $1.12B $1.05B $1.12B $1.19B $1.22B
Net income $45.0M $98.7M $99.9M $121.1M $96.0M $178.9M $199.3M $198.4M $214.3M $188.5M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Material agreement signed Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3949

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YETI YETI Holdings, Inc. $3.12B 21.1x 2.1%
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PTON PELOTON INTERACTIVE, INC. $2.28B 38.4x -1.8%
ESCA ESCALADE INC $255.2M 18.7x -4.5%
AOUT American Outdoor Brands, Inc. $219.0M — -14.3%
CLAR Clarus Corp $146.6M — -5.2%
NWTG Newton Golf Company, Inc. $5.0M — 136.1%
TRUG TruGolf Holdings, Inc. $800.1K — -11.3%