GOLF Consumer Cyclical

Acushnet Holdings Corp.

$87.41-2.25%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Consumer Cyclical
Industry: Leisure
Country: United States
Market cap: 5.1B USD
Enterprise value: 5.6B USD
Full-time employees: 7,300

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: more debt relative to equity (1.04× vs a peer median of 0.46×)more debt vs equity (1.04× vs peers 0.46×)
About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #578 of 1,502 consumer cyclical companies (top 39%)

See how it ranks against its peers

Worth knowing

Returning more cash than it generates. Paid out $881M vs $587M of free cash flow over the 3 fiscal years to 2025.
Acushnet returned $881M to shareholders over three years, 150% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Borrowing rising faster than profit. Since 2022: debt +67%, operating profit +6.4%.
Acushnet's debt grew 67% since 2022 while operating profit changed +6.4%.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $1.6B in 2020 to $2.6B in 2025.
Acushnet's fiscal-year revenue rose in each of the five years to 2025, from $1.6B to $2.6B.
Wide margins. Operating margin 14% (12 months to Jun 2026) vs a peer median of 6.4%.Operating margin 14% vs peers 6.4%.
Acushnet keeps 14% of revenue as operating profit, more than 80% of peers (median 6.4%).

StockQuotient Score

57/ 100

Oct 5 57 → Nov 4 57

Valuation

Is the price right?

39/100

Weak▼ 2 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 41 → 39

Share price +6.0%-2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.3%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.03Sector median: 0.0439 · MAD: 0.0329

EBITDA yield7.1%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.37Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield3.6%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.47Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield18.1%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

54/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 3.8%

Why

Helped by:

▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-4.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.32Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth4.4%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.02Sector median: 0.0425 · MAD: 0.0636

Revenue growth8.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.77Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

83/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 2.0 points to 13.7%

Why

Stronger than most peers on:

▲ ROA
▲ Operating margin
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin13.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.59Sector median: 0.0638 · MAD: 0.0461

Return on assets8.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.06Sector median: 0.0331 · MAD: 0.0254

Return on invested capital16.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.47Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin49.1%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity23.8%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Current ratio
▼ Debt / equity
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.79

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.54Sector median: 0.6345 · MAD: 0.2980

Current ratio2.55×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.92Sector median: 1.4800 · MAD: 0.5570

Debt / equity1.04×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.61Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Acushnet

Is Acushnet getting weaker?: Its latest SEC filing (Aug 6, 2026) got stronger: operating margin rose 2.0 points to 13.7%. Its overall score is unchanged at 57/100 since Oct 28, 2026.
How is Acushnet valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 39/100 against 1,612 consumer cyclical peers. Free cash flow yield 3.6% vs a peer median of 6.1% (weaker than 66% of peers).Free cash flow yield 3.6% vs peers 6.1% (weaker than 66% of peers).
Is Acushnet growing?: At about the same pace as its peers. Growth scores 54/100 against 1,612 consumer cyclical peers. Revenue growth 8.8% vs a peer median of 3.7% (stronger than 71% of peers).Revenue growth 8.8% vs peers 3.7% (stronger than 71% of peers).
How profitable is Acushnet?: More profitable than most of its peers. Profitability scores 83/100 against 1,612 consumer cyclical peers. Return on assets 8.5% vs a peer median of 3.3% (stronger than 87% of peers).Return on assets 8.5% vs peers 3.3% (stronger than 87% of peers).
How risky is Acushnet?: Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 2.55× vs a peer median of 1.48× (stronger than 81% of peers).Current ratio 2.55× vs peers 1.48× (stronger than 81% of peers). Debt / equity 1.04× vs a peer median of 0.46× (weaker than 72% of peers).Debt / equity 1.04× vs peers 0.46× (weaker than 72% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Operating margin rose 2.0 points to 13.7%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.6B USD	2.7B USD	+3.8%
Net income (12 months)	170.6M USD	219.9M USD	+28.9%
Operating margin	11.7%	13.7%	+2.0 pts
Free cash flow (12 months)	88.7M USD	183.7M USD	+107.2%
Debt	1.2B USD	960.1M USD	−16.6%
Cash	51.7M USD	67.9M USD	+31.5%
Shares outstanding	58.6M	58.4M	−0.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Leisure companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	52.1%	46.2%	47.0%	48.3%	47.7%	▼ 0.6 pts
Operating margin	12.1%	12.4%	12.0%	12.4%	11.7%	▼ 0.7 pts
Net margin	8.3%	8.8%	8.3%	8.7%	7.4%	▼ 1.4 pts
Return on assets (ROA)	8.9%	9.1%	9.0%	9.8%	8.0%	▼ 1.8 pts
Return on equity (ROE)	17.2%	21.2%	23.0%	28.0%	24.1%	▼ 3.9 pts
Free cash flow margin	12.9%	-5.7%	12.4%	6.9%	4.7%	▼ 2.2 pts
Current ratio	2.01×	1.93×	2.21×	2.06×	2.38×	▲ 16%
Quick ratio	1.15×	0.70×	0.84×	0.84×	0.97×	▲ 15%
Debt to equity	0.30×	0.60×	0.82×	1.00×	1.21×	▲ 21%

GOLF price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: more debt relative to equity (1.04× vs a peer median of 0.46×)more debt vs equity (1.04× vs peers 0.46×)

About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #578 of 1,502 consumer cyclical companies (top 39%)

See how it ranks against its peers

Worth knowing

Returning more cash than it generates. Paid out $881M vs $587M of free cash flow over the 3 fiscal years to 2025.

Acushnet returned $881M to shareholders over three years, 150% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.

Borrowing rising faster than profit. Since 2022: debt +67%, operating profit +6.4%.

Acushnet's debt grew 67% since 2022 while operating profit changed +6.4%.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $1.6B in 2020 to $2.6B in 2025.

Acushnet's fiscal-year revenue rose in each of the five years to 2025, from $1.6B to $2.6B.

Wide margins. Operating margin 14% (12 months to Jun 2026) vs a peer median of 6.4%.Operating margin 14% vs peers 6.4%.

Acushnet keeps 14% of revenue as operating profit, more than 80% of peers (median 6.4%).

Questions investors ask about Acushnet

Is Acushnet getting weaker?

Its latest SEC filing (Aug 6, 2026) got stronger: operating margin rose 2.0 points to 13.7%. Its overall score is unchanged at 57/100 since Oct 28, 2026.

How is Acushnet valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 39/100 against 1,612 consumer cyclical peers. Free cash flow yield 3.6% vs a peer median of 6.1% (weaker than 66% of peers).Free cash flow yield 3.6% vs peers 6.1% (weaker than 66% of peers).

Is Acushnet growing?

At about the same pace as its peers. Growth scores 54/100 against 1,612 consumer cyclical peers. Revenue growth 8.8% vs a peer median of 3.7% (stronger than 71% of peers).Revenue growth 8.8% vs peers 3.7% (stronger than 71% of peers).

How profitable is Acushnet?

More profitable than most of its peers. Profitability scores 83/100 against 1,612 consumer cyclical peers. Return on assets 8.5% vs a peer median of 3.3% (stronger than 87% of peers).Return on assets 8.5% vs peers 3.3% (stronger than 87% of peers).

How risky is Acushnet?

Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 2.55× vs a peer median of 1.48× (stronger than 81% of peers).Current ratio 2.55× vs peers 1.48× (stronger than 81% of peers). Debt / equity 1.04× vs a peer median of 0.46× (weaker than 72% of peers).Debt / equity 1.04× vs peers 0.46× (weaker than 72% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.6B USD

2.7B USD

+3.8%

Net income (12 months)

170.6M USD

219.9M USD

+28.9%

Operating margin

11.7%

13.7%

+2.0 pts

Free cash flow (12 months)

88.7M USD

183.7M USD

+107.2%

Debt

1.2B USD

960.1M USD

−16.6%

Cash

51.7M USD

67.9M USD

+31.5%

Shares outstanding

58.6M

58.4M

−0.3%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

52.1%

46.2%

47.0%

48.3%

47.7%

▼ 0.6 pts

Operating margin

12.1%

12.4%

12.0%

12.4%

11.7%

▼ 0.7 pts

Net margin

8.3%

8.8%

8.3%

8.7%

7.4%

▼ 1.4 pts

Return on assets (ROA)

8.9%

9.1%

9.0%

9.8%

8.0%

▼ 1.8 pts

Return on equity (ROE)

17.2%

21.2%

23.0%

28.0%

24.1%

▼ 3.9 pts

Free cash flow margin

12.9%

-5.7%

12.4%

6.9%

4.7%

▼ 2.2 pts

Current ratio

2.01×

1.93×

2.21×

2.06×

2.38×

▲ 16%

Quick ratio

1.15×

0.70×

0.84×

0.97×

▲ 15%

Debt to equity

0.30×

0.60×

0.82×

1.00×

1.21×

▲ 21%