Acushnet Holding Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Acushnet Holding has an operating margin of 12.4%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 62/100, indicating healthy but not exceptional operating efficiency. This is up from 12.0% the prior year.
Acushnet Holding's revenue grew a modest 3.2% year-over-year to $2.5B. This slow but positive growth earns a score of 38/100.
Acushnet Holding carries a low D/E ratio of 0.98, meaning only $0.98 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.
Acushnet Holding's current ratio of 2.06 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.
Acushnet Holding has a free cash flow margin of 6.9%, earning a moderate score of 35/100. The company generates positive cash flow after capital investments, but with room for improvement.
Acushnet Holding earns a strong 28.0% return on equity (ROE), meaning it generates $28 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 23.0% the prior year.
Acushnet Holding scores 4.51, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($5.8B) relative to total liabilities ($1.4B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Acushnet Holding passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Acushnet Holding generates $1.14 in operating cash flow ($245.1M OCF vs $214.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Acushnet Holding (GOLF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Acushnet Holding generated $2.5B in revenue in fiscal year 2024. This represents an increase of 3.2% from the prior year.
Acushnet Holding's EBITDA was $360.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.0% from the prior year.
Acushnet Holding generated $170.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 42.5% from the prior year.
Acushnet Holding reported $214.3M in net income in fiscal year 2024. This represents an increase of 8.0% from the prior year.
Acushnet Holding earned $3.37 per diluted share (EPS) in fiscal year 2024. This represents an increase of 14.6% from the prior year.
Acushnet Holding held $53.1M in cash against $753.1M in long-term debt as of fiscal year 2024.
Acushnet Holding paid $0.86 per share in dividends in fiscal year 2024. This represents an increase of 10.3% from the prior year.
Acushnet Holding's gross margin was 48.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.3 percentage points from the prior year.
Acushnet Holding's operating margin was 12.4% in fiscal year 2024, reflecting core business profitability. This is up 0.4 percentage points from the prior year.
Acushnet Holding's net profit margin was 8.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.4 percentage points from the prior year.
Acushnet Holding's ROE was 28.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 5.0 percentage points from the prior year.
Acushnet Holding invested $67.8M in research and development in fiscal year 2024. This represents an increase of 4.6% from the prior year.
Acushnet Holding spent $172.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 48.3% from the prior year.
Acushnet Holding invested $74.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 1.0% from the prior year.
GOLF Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $657.7M-8.7% | $720.5M+2.4% | $703.4M+58.0% | $445.2M-34.9% | $683.9M-3.3% | $707.6M+71.3% | $413.0M-30.4% | $593.4M |
| Cost of Revenue | $338.5M-7.5% | $366.2M0.0% | $366.2M+54.2% | $237.5M-32.2% | $350.4M-4.1% | $365.2M+8.8% | $335.6M+17.8% | $284.9M |
| Gross Profit | $319.1M-9.9% | $354.3M+5.1% | $337.2M+62.3% | $207.7M-37.7% | $333.5M-2.6% | $342.4M+342.8% | $77.3M-74.9% | $308.5M |
| R&D Expenses | $18.6M-1.7% | $18.9M+0.4% | $18.9M+15.5% | $16.3M+1.1% | $16.1M-1.9% | $16.5M-6.3% | $17.6M+8.1% | $16.2M |
| SG&A Expenses | $204.9M-7.7% | $222.0M+10.9% | $200.3M+3.7% | $193.1M-7.1% | $207.8M+3.4% | $201.0M+148.3% | $81.0M-61.5% | $210.2M |
| Operating Income | $92.9M-15.4% | $109.9M-4.1% | $114.5M+2299.0% | -$5.2M-104.9% | $106.0M-12.7% | $121.4M+591.5% | -$24.7M-131.4% | $78.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | -$13.1M-18.3% | -$11.1M-17.7% | -$9.4M |
| Income Tax | $28.6M+53.9% | $18.6M-13.8% | $21.6M+315.9% | -$10.0M-147.1% | $21.2M-9.4% | $23.4M+340.5% | -$9.7M-186.5% | $11.3M |
| Net Income | $48.5M-35.8% | $75.6M-24.0% | $99.4M+9004.3% | -$1.1M-101.6% | $71.4M-18.6% | $87.8M+427.4% | -$26.8M-146.8% | $57.3M |
| EPS (Diluted) | $0.81-35.2% | $1.25-22.8% | $1.62+8000.0% | $0.02-98.2% | $1.11-17.8% | $1.35+475.0% | $-0.36-142.4% | $0.85 |
GOLF Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B-1.8% | $2.4B-0.3% | $2.4B+10.2% | $2.2B-4.1% | $2.3B-3.5% | $2.4B+7.3% | $2.2B-0.6% | $2.2B |
| Current Assets | $1.1B-3.8% | $1.2B-2.6% | $1.2B+22.1% | $973.9M-10.9% | $1.1B-6.9% | $1.2B+17.8% | $996.7M-3.6% | $1.0B |
| Cash & Equivalents | $89.5M+49.0% | $60.1M+47.9% | $40.6M-23.5% | $53.1M-33.9% | $80.3M+64.8% | $48.7M-25.5% | $65.4M+15.3% | $56.8M |
| Inventory | $513.7M-3.7% | $533.7M-0.8% | $538.1M-6.6% | $576.0M+19.3% | $482.6M-10.2% | $537.4M-12.7% | $615.5M+16.4% | $528.7M |
| Accounts Receivable | $362.9M-15.5% | $429.4M-10.0% | $477.3M+118.6% | $218.4M-46.9% | $411.6M-11.5% | $465.0M+130.9% | $201.4M-40.0% | $335.8M |
| Goodwill | $225.0M+0.1% | $224.8M+1.3% | $221.9M+0.8% | $220.1M-0.8% | $221.8M-0.6% | $223.2M-0.9% | $225.3M+1.2% | $222.7M |
| Total Liabilities | $1.5B-5.4% | $1.6B-2.2% | $1.6B+17.0% | $1.4B+1.3% | $1.4B-4.4% | $1.4B+11.2% | $1.3B+3.8% | $1.2B |
| Current Liabilities | $461.0M-10.5% | $515.3M-4.3% | $538.2M+13.9% | $472.7M-1.4% | $479.2M+9.9% | $436.1M-3.3% | $451.1M-47.3% | $856.2M |
| Long-Term Debt | $878.3M-3.6% | $911.0M-1.6% | $926.1M+23.0% | $753.1M+3.4% | $728.1M-12.6% | $833.3M+24.0% | $671.8M+214.5% | $213.6M |
| Total Equity | $852.3M+5.4% | $808.5M+3.6% | $780.3M+2.0% | $765.2M-11.4% | $863.7M-2.3% | $883.7M+2.3% | $864.2M-6.9% | $928.4M |
| Retained Earnings | $208.5M-7.0% | $224.2M-4.6% | $235.1M+30.4% | $180.3M-22.2% | $231.6M+12.9% | $205.1M+28.3% | $159.9M-75.7% | $657.8M |
GOLF Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $163.1M+7.4% | $151.9M+226.3% | -$120.3M-10637.0% | -$1.1M-100.5% | $211.6M+293.2% | -$109.5M-246.2% | $74.9M-57.8% | $177.3M |
| Capital Expenditures | $26.2M+88.7% | $13.9M+23.3% | $11.3M-64.9% | $32.1M+116.4% | $14.8M+103.9% | $7.3M-77.9% | $32.9M+116.6% | $15.2M |
| Free Cash Flow | $136.9M-0.8% | $138.0M+204.9% | -$131.5M-295.9% | -$33.2M-116.9% | $196.8M+268.5% | -$116.8M-378.3% | $42.0M-74.1% | $162.1M |
| Investing Cash Flow | -$25.6M-75.9% | -$14.5M-29.0% | -$11.3M+64.9% | -$32.1M-116.4% | -$14.8M-103.9% | -$7.3M+77.9% | -$32.9M-116.6% | -$15.2M |
| Financing Cash Flow | -$108.1M+10.1% | -$120.3M-201.8% | $118.1M+1575.3% | -$8.0M+95.1% | -$164.6M-262.0% | $101.6M+385.9% | -$35.5M+78.7% | -$166.8M |
| Dividends Paid | $13.8M-0.4% | $13.8M-6.3% | $14.8M+13.6% | $13.0M-3.3% | $13.4M-8.1% | $14.6M+18.2% | $12.4M-2.4% | $12.7M |
| Share Buybacks | $62.5M-30.0% | $89.3M+150.3% | $35.7M+17.2% | $30.5M-21.8% | $38.9M+16.8% | $33.3M-74.3% | $129.4M+94.2% | $66.6M |
GOLF Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.5%-0.7pp | 49.2%+1.2pp | 47.9%+1.3pp | 46.7%-2.1pp | 48.8%+0.4pp | 48.4%+29.7pp | 18.7%-33.3pp | 52.0% |
| Operating Margin | 14.1%-1.1pp | 15.3%-1.0pp | 16.3%+17.5pp | -1.2%-16.7pp | 15.5%-1.7pp | 17.2%+23.1pp | -6.0%-19.2pp | 13.3% |
| Net Margin | 7.4%-3.1pp | 10.5%-3.6pp | 14.1%+14.4pp | -0.3%-10.7pp | 10.4%-2.0pp | 12.4%+18.9pp | -6.5%-16.2pp | 9.7% |
| Return on Equity | 5.7%-3.7pp | 9.3%-3.4pp | 12.7%+6.2pp | 6.5%-1.8pp | 8.3%-1.7pp | 9.9% | N/A | 6.2% |
| Return on Assets | 2.1%-1.1pp | 3.1%-1.0pp | 4.1%+4.2pp | -0.1%-3.2pp | 3.1%-0.6pp | 3.7%+4.9pp | -1.2%-3.8pp | 2.6% |
| Current Ratio | 2.42+0.2 | 2.25+0.0 | 2.21+0.1 | 2.06-0.2 | 2.28-0.4 | 2.69+0.5 | 2.21+1.0 | 1.21 |
| Debt-to-Equity | 1.03-0.1 | 1.13-0.1 | 1.19+0.2 | 0.98+0.1 | 0.84-0.1 | 0.94+0.2 | 0.78+0.5 | 0.23 |
| FCF Margin | 20.8%+1.7pp | 19.1%+37.9pp | -18.7%-11.2pp | -7.5%-36.2pp | 28.8%+45.3pp | -16.5%-26.7pp | 10.2%-17.2pp | 27.3% |
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Frequently Asked Questions
What is Acushnet Holding's annual revenue?
Acushnet Holding (GOLF) reported $2.5B in total revenue for fiscal year 2024. This represents a 3.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Acushnet Holding's revenue growing?
Acushnet Holding (GOLF) revenue grew by 3.2% year-over-year, from $2.4B to $2.5B in fiscal year 2024.
Is Acushnet Holding profitable?
Yes, Acushnet Holding (GOLF) reported a net income of $214.3M in fiscal year 2024, with a net profit margin of 8.7%.
What is Acushnet Holding's earnings per share (EPS)?
Acushnet Holding (GOLF) reported diluted earnings per share of $3.37 for fiscal year 2024. This represents a 14.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Acushnet Holding's EBITDA?
Acushnet Holding (GOLF) had EBITDA of $360.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Acushnet Holding have?
As of fiscal year 2024, Acushnet Holding (GOLF) had $53.1M in cash and equivalents against $753.1M in long-term debt.
What is Acushnet Holding's gross margin?
Acushnet Holding (GOLF) had a gross margin of 48.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Acushnet Holding's operating margin?
Acushnet Holding (GOLF) had an operating margin of 12.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Acushnet Holding's net profit margin?
Acushnet Holding (GOLF) had a net profit margin of 8.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Acushnet Holding pay dividends?
Yes, Acushnet Holding (GOLF) paid $0.86 per share in dividends during fiscal year 2024.
What is Acushnet Holding's return on equity (ROE)?
Acushnet Holding (GOLF) has a return on equity of 28.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Acushnet Holding's free cash flow?
Acushnet Holding (GOLF) generated $170.5M in free cash flow during fiscal year 2024. This represents a -42.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Acushnet Holding's operating cash flow?
Acushnet Holding (GOLF) generated $245.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Acushnet Holding's total assets?
Acushnet Holding (GOLF) had $2.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Acushnet Holding's capital expenditures?
Acushnet Holding (GOLF) invested $74.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Acushnet Holding spend on research and development?
Acushnet Holding (GOLF) invested $67.8M in research and development during fiscal year 2024.
Does Acushnet Holding buy back shares?
Yes, Acushnet Holding (GOLF) spent $172.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Acushnet Holding's current ratio?
Acushnet Holding (GOLF) had a current ratio of 2.06 as of fiscal year 2024, which is generally considered healthy.
What is Acushnet Holding's debt-to-equity ratio?
Acushnet Holding (GOLF) had a debt-to-equity ratio of 0.98 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Acushnet Holding's return on assets (ROA)?
Acushnet Holding (GOLF) had a return on assets of 9.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Acushnet Holding's Altman Z-Score?
Acushnet Holding (GOLF) has an Altman Z-Score of 4.51, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Acushnet Holding's Piotroski F-Score?
Acushnet Holding (GOLF) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Acushnet Holding's earnings high quality?
Acushnet Holding (GOLF) has an earnings quality ratio of 1.14x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Acushnet Holding?
Acushnet Holding (GOLF) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.