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Acushnet

GOLF Consumer Cyclical Leisure

Acushnet’s revenue for fiscal 2025 (year ended December 2025) was $2.6 billion, up 4.14% from fiscal 2024.

Revenue
−1.28%
EPS
+4.56%
Free cash flow
+39.8%
Total debt
−2.79%

Quarter to September 2026, against a year earlier

83.47 2.41 −2.81%
Market cap
$4.9B
P/E
22.5×
Fwd P/E
21.3×
Dividend yield
1.20%
F-score
6/9
Altman Z
3.76
Beneish M
−2.48
Dividend safety
66/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 3.37
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — — 3 — 1 1 — — — — —
Insider Ownership 53.45%

Capital & Financial Ratios $m

Size
Market Cap 4,880.00
Revenue ttm 2,699.38
Net income ttm 221.68
Free cash flow ttm 238.22
Net debt Q 768.45
Valuation
P/E 22.46
Forward P/E 21.30
Price / sales 1.83
Forward P/S Powerpack
Price / FCF 23.22
Price / book 5.69
Financial health
Current ratio Q 2.02 (at or above 1.5: strong)
Debt / equity Q 1.01
Interest coverage Q 6.80
Growth
Revenue growth Q −1.28% (below 0%: shrinking)
Operating income growth Q −13.55% (below 0%: shrinking)
EPS, this year +24.90% (at or above 15%: strong)
EPS, next year A +4.85%
Revenue, next year A +4.27%
EPS, past 5 yrs +19.43% (at or above 15%: strong)
EPS, next 5 yrs A +11.17%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 1.8×; over the ten years it ranged from 0.6× in 2017 to 2.9× in 2026.
P/E against its own 10 years 74.39%
10-year low 10-year high
P/S against its own 10 years 77.97%
10-year low 10-year high
P/B against its own 10 years 89.68%
10-year low 10-year high
EV/Sales against its own 10 years 80.94%
10-year low 10-year high
EV/FCF against its own 10 years 65.44%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.20%
Annual rate
1.00
Payout ratio
27.0%
Growth, 2017–25
+12.0%/yr
  1. 0.48 ’17
  2. 0.52 ’18 +8
  3. 0.56 ’19 +8
  4. 0.62 ’20 +11
  5. 0.66 ’21 +6
  6. 0.72 ’22 +9
  7. 0.78 ’23 +8
  8. 0.86 ’24 +10
  9. 1.19 ’25 +38
  10. 0.94 ’26e −21
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 65 53 50 108
Receivables 201 218 217 359
Inventory 616 576 609 572
Other — — — —
997 974 1,025 1,222
2023 2024 2025 Q'26
Payables 151 150 157 207
ST’ Debt 29 11 17 22
Other — — — —
451 473 430 605

Compound Annual Growth %

10y 5y 3y
Sales 5.46% 9.68% 4.07%
Cash Flow 7.79% (5.97%) 0.00%
Earnings 0.00% 14.45% (1.83%)
Book Value 15.01% (5.09%) (7.08%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.00 Actual 0.83

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.27 −0.30 Miss by 0.03
Q1 FY26 1.38 1.36 Miss by 0.02
Q2 FY26 1.61 2.08 Beat by 0.47
Q3 FY26 1.00 0.83 Miss by 0.17
Q4 FY26 −0.42 — Reports 25 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.36 2.08 0.84 — —
’25 1.62 1.25 0.81 (0.58) 3.11
’24 1.35 1.11 0.89 (0.02) 3.37
’23 1.36 1.09 0.85 (0.41) 2.94
’22 1.10 0.91 0.72 0.00 2.75
’21 1.13 1.08 0.52 (0.36) 2.38
’20 0.12 0.03 0.84 0.29 1.28
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 753 820 649 — —
’25 703 720 658 477 2,559
’24 708 684 621 445 2,457
’23 686 689 593 413 2,382
’22 606 659 558 447 2,270
’21 581 625 522 421 2,148
’20 409 300 483 420 1,612
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (144) 251 211 — —
’25 (120) 152 163 0 194
’24 (110) 212 144 (1) 245
’23 (86) 206 177 75 372
’22 (164) 73 32 (9) (68)
’21 (30) 182 128 34 314
’20 (73) 72 168 97 264
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (163) 233 191 — —
’25 (132) 138 137 (23) 120
’24 (117) 197 124 (33) 170
’23 (120) 188 162 42 271
’22 (176) 65 18 (101) (194)
’21 (36) 176 121 16 277
’20 (78) 67 163 88 240
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,572 1,560 1,634 1,681 1,612 2,148 2,270 2,382 2,457 2,559 2,699 +5.6% 2,668 2,754 2,837 +3.5%
Gross margin, % 50.82 51.39 51.56 51.88 51.47 52.07 46.19 47.02 48.34 47.73 49.41 (3.1) pt
EBT 89 152 150 165 113 248 259 242 250 240 285 +11.6%
EBT margin, % 5.67 9.72 9.20 9.82 7.01 11.54 11.43 10.14 10.16 9.36 10.57 +3.7 pt
Net income 50 103 103 125 100 184 205 199 202 187 222 +15.9%
Per share, $
Per share, $ Revenue 50.32 20.97 21.85 22.29 21.64 28.82 31.55 35.52 38.79 42.43 45.56 (1.9%)
Earnings 0.74 1.24 1.34 1.61 1.29 2.40 2.77 2.96 3.38 3.13 3.72 +17.4%
Cash flow 3.34 (0.36) 2.19 1.78 3.55 4.21 (0.94) 5.54 3.87 3.22 5.38 (0.4%)
Capex (0.61) (0.25) (0.44) (0.44) (0.33) (0.50) (1.76) (1.50) (1.18) (1.23) (1.36) +8.1%
Free cash flow 2.72 (0.62) 1.75 1.34 3.22 3.71 (2.70) 4.04 2.69 1.99 4.02 (3.4%)
Book value 24.60 11.48 12.40 12.61 13.66 14.49 13.57 13.47 12.52 12.99 14.67 (6.8%)
Shares, m 31 74 75 75 74 75 72 67 63 60 60 +7.6%
Valuation, ×
Valuation, × P/E 9.78 15.64 15.84 20.19 31.43 22.12 15.67 21.90 21.22 25.67 22.46 19.9
P/S 0.39 0.99 0.96 1.46 1.87 1.84 1.36 1.79 1.83 1.88 1.83 1.4
P/B 0.79 1.82 1.70 2.58 2.97 3.66 3.15 4.73 5.68 6.14 5.69 3.3
EV/Sales 0.60 1.26 1.18 1.68 1.99 1.86 1.58 2.06 2.12 2.23 2.12 1.7
EV/FCF 11.04 (42.88) 14.72 27.82 13.36 14.43 (27.78) 18.10 35.89 60.19 26.83 12.5
Cash, $m
Cash, $m Operating cash flow 104 (27) 164 134 264 314 (68) 372 245 194 319 +7.2%
Capex (19) (19) (33) (33) (25) (38) (126) (101) (75) (74) (80) +16.2%
Free cash flow 85 (46) 131 101 240 277 (194) 271 170 120 238 +3.9%
Balance, $m
Balance, $m Working capital 202 380 369 384 442 486 510 546 501 595 617 +12.7%
Net debt 330 416 352 368 182 33 509 636 711 893 768 +11.7%
Shareholders’ equity 769 854 927 951 1,017 1,080 977 903 793 784 869 +0.2%
Returns, %
Returns, % ROA 1.33 5.69 5.83 6.90 5.21 9.24 9.49 9.04 9.79 8.34 8.99 +7.0 pt
ROIC 8.10 8.36 8.42 8.80 7.58 14.58 11.84 11.59 12.64 11.16 13.71 +3.1 pt
ROE 4.82 12.16 11.22 12.89 9.76 17.06 19.38 21.11 25.27 23.92 25.62 +19.1 pt
People
People Employees 5,208 5,230 5,209 5,213 5,365 6,500 7,300 7,300 7,300 7,300 — +3.8%
Revenue/emp, $m 0.30 0.30 0.31 0.32 0.30 0.33 0.31 0.33 0.34 0.35 — +1.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Acushnet vs peers in Leisure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LTH Life Time Group Holdings, Inc. $10.7B 25.2× 27.6× +14.17% (above 0%: growing) +1.13% (above 0%: growing) −193.08% (below 0%: shrinking) 46.89% 17.68% Compare
GOLF Acushnet $4.9B 22.5× 21.3× −1.28% (below 0%: shrinking) +4.56% (above 0%: growing) +39.79% (above 0%: growing) 49.59% 12.37%
PLNT Planet Fitness, Inc. $4.5B 20.4× 18.0× +8.97% (above 0%: growing) +26.09% (above 0%: growing) −62.29% (below 0%: shrinking) 81.84% 28.19% Compare
MAT Mattel, Inc. $4.3B 10.9× 9.7× +10.48% (above 0%: growing) n/m +29.42% (above 0%: growing) 48.17% 0.97% Compare
YETI YETI Holdings, Inc. $3.4B 20.1× 15.1× +8.52% (above 0%: growing) +53.23% (above 0%: growing) −18.84% (below 0%: shrinking) 66.66% 19.33% Compare
OSW OneSpaWorld Holdings Limited $3.1B 36.6× 32.6× +6.97% (above 0%: growing) +16.04% (above 0%: growing) +58.18% (above 0%: growing) 17.97% 10.83% Compare
CALY Callaway Golf Company $2.8B — (loss-making) 25.8× +1.97% (above 0%: growing) +281.82% (above 0%: growing) +101.95% (above 0%: growing) 50.10% 18.75% Compare
PTON Peloton Interactive, Inc. $2.5B 17.2× 16.2× +1.53% (above 0%: growing) +633.33% (above 0%: growing) +112.76% (above 0%: growing) 61.27% 0.00% Compare
PRKS United Parks & Resorts Inc. $1.7B 14.6× 10.4× −1.41% (below 0%: shrinking) −6.85% (below 0%: shrinking) −20.51% (below 0%: shrinking) 47.49% 24.23% Compare
Median of peers $3.3B 20.1× 17.1× +7.74% +26.09% +5.29% 49.14% 18.22%

All 28 Leisure stocks →

Pay and ownership Proxy statement filed 17 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 10.64m 9.27m 211.10
2024 9.74m 11.90m 185.64
2023 8.84m 17.88m 162.88
2022 6.25m 3.43m 107.86
2021 8.09m 22.21m 132.69
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Acushnet (GOLF) Latest News

4 Nov

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GOLF metrics, ten years each

stockrow.com/GOLF · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com