GOLFNYSESporting & Athletic Goods, NECFiscal year ends December 31
Acushnet Holdings Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$79.46−0.79 (-0.98%)
Close on Oct 19, 2026
- Market cap
- $4.76B
- P/E (TTM)
- 21.7
- Dividend yield
- 1.18%
Margins
Share of revenue, fiscal years 2013 to 2025
Gross margin
47.7%−3.7 pts over 5 years
Operating margin
11.7%+2.7 pts over 5 years
Net margin
7.4%+1.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.1% | +4.1% | +9.7% | +5.5% | |
| Gross profit | +2.8% | +5.2% | +8.0% | +4.6% | |
| Operating income | -1.6% | +2.1% | +15.5% | +9.8% | |
| Net income | -12.0% | -1.8% | +14.5% | – | |
| EPS, diluted | -7.7% | +4.2% | +19.4% | – | |
| Free cash flow | -29.6% | – | -12.9% | +5.7% | |
| Dividend per share | +9.3% | +9.3% | +8.7% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 10.0% | 10.1% | 24.3% | |
| Return on assets | 2.6% | 5.2% | 8.3% | |
| Current ratio | 1.44 | 2.24 | 2.38 | |
| Debt to equity | 0.56 | 0.34 | 1.20 | |
| Net debt to EBITDA | 1.80× | 0.96× | 2.52× | |
| Interest coverage | 2.9× | – | – | |
| Inventory turnover | 2.4× | 2.1× | 2.3× | |
| Capex to revenue | 1.2% | 1.5% | 2.9% | |
| Diluted shares | 64M | 75M | 61M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Acushnet generated $1.19B from operations and spent $1.56B on capital expenditure, dividends and share buybacks. 21% of that went back into the business.
Generated
$1.19B
Used
$1.56B
Capital expenditure$323.29M21%Dividends$264.33M17%Share buybacks$973.02M62%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.4%
×Asset turnover1.13×
×Equity multiplier2.92×
=Return on equity, FY202524.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.4% | 1.13× | 2.92× | 24.3% |
| FY2024 | 8.7% | 1.12× | 2.69× | 26.3% |
| FY2023 | 8.3% | 1.09× | 2.43× | 22.0% |
| FY2022 | 8.8% | 1.08× | 2.12× | 20.1% |
| FY2021 | 8.3% | 1.11× | 1.91× | 17.7% |
| FY2020 | 6.0% | 0.88× | 1.94× | 10.1% |
| FY2019 | 7.2% | 0.96× | 1.93× | 13.4% |
| FY2018 | 6.1% | 0.95× | 2.00× | 11.6% |
| FY2017 | 6.3% | 0.90× | 2.23× | 12.7% |
| FY2016 | 2.9% | 0.90× | 3.90× | 10.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$188.55M
- Cash generatingOperating cash flow above zero$194.37M
- Return on assets improvedROA up on the prior year9.8% → 8.6%
- Earnings backed by cashOperating cash flow above net income$194.37M vs $188.55M
- Less leverageLong-term debt to assets fell34.5% → 39.5%
- Better liquidityCurrent ratio rose2.06 → 2.38
- No dilutionShare count did not rise64M → 61M
- Gross margin improvedGross margin up on the prior year48.34% → 47.73%
- More efficientAsset turnover rose1.12 → 1.17