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. In the quarter to June 2026, revenue grew 13.8%, EPS grew 65.9%, free cash flow grew 68.9% and total debt rose 2.95%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

80.25 0.79 +0.99%
Market cap
$4.6B
P/E
21.8×
Fwd P/E
24.0×
Dividend yield
1.25%
F-score
6/9
Altman Z
3.76
Beneish M
−2.48
Dividend safety
66/100
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
25.67 21.22 21.90 15.67 22.12 31.43 20.19 15.84 15.64 9.78
Piotroski F-Score
6 7 7 3 7 6 7 8 4 7
P/S ratio
1.88 1.83 1.79 1.36 1.84 1.87 1.46 0.96 0.99 0.39
Altman Z-Score
3.76 3.93 3.88 3.55 4.58 3.69 3.33 2.86 2.56 1.65
Altman Z″-Score (non-manufacturers)
3.25 3.32 3.47 3.93 4.21 3.68 3.50 3.53 3.13 2.05
P/FCF ratio
50.77 31.00 15.76 0.00 14.31 12.60 24.19 12.03 0.00 7.16
Beneish M-Score
(2.48) (2.56) (2.93) (1.67) (2.87) (2.95) (2.38) (2.64) (2.02) (2.58)
P/Operating CF
(14,239.84) (4,020.21) 57.06 (352.02) 116.26 31.03 62.29 46.79 (169.48) (34.31)
Dividend Safety Score
66 — — — — — — — — —
P/B ratio
6.14 5.68 4.73 3.15 3.66 2.97 2.58 1.70 1.82 0.79
Price to Tangible BV
100.53 90.29 30.44 13.62 9.78 9.19 9.58 6.59 9.16 6.12
EV/Sales
2.23 2.12 2.06 1.58 1.86 1.99 1.68 1.18 1.26 0.60
EV/EBITDA
16.01 14.41 14.54 11.03 13.19 16.67 12.23 9.00 9.28 4.93
EV/Operating CF
29.36 21.27 13.20 (52.92) 12.70 12.11 20.99 11.77 (72.77) 9.01
EV/FCF
60.19 35.89 18.10 (27.78) 14.43 13.36 27.82 14.72 (42.88) 11.04
Quick Ratio
0.62 0.57 0.59 0.50 0.94 0.99 0.70 0.74 0.78 0.56
Current Ratio
2.38 2.06 2.21 1.93 2.01 2.24 2.07 2.25 2.24 1.44
Net Debt/EBITDA
2.50 1.96 1.88 1.56 0.11 0.95 1.60 1.65 1.96 1.73
Debt/Assets
40.25% 35.04% 31.92% 25.88% 15.70% 17.89% 22.14% 22.67% 26.76% 23.59%
Debt/Equity
1.20 0.96 0.78 0.58 0.29 0.33 0.42 0.41 0.54 0.53
Asset Turnover
1.13 1.12 1.09 1.08 1.11 0.88 0.96 0.95 0.90 0.90
Operating CF/Net income
1.03 1.14 1.87 (0.34) 1.76 2.75 1.11 1.64 (0.27) 4.50
Capex/Depreciation
(1.30) (1.29) (1.92) (2.89) (0.88) (0.53) (0.73) (0.78) (0.45) (0.40)
Interest Coverage
5.14 5.78 6.91 21.22 33.70 9.31 9.47 9.37 10.81 2.86
ROE
23.92% 25.27% 21.11% 19.38% 17.06% 9.76% 12.89% 11.22% 12.16% 4.82%
ROA
8.34% 9.79% 9.04% 9.49% 9.24% 5.21% 6.90% 5.83% 5.69% 1.33%
ROIC
11.16% 12.64% 11.59% 11.84% 14.58% 7.58% 8.80% 8.42% 8.36% 8.10%
Return on Tangible Assets
19.81% 25.92% 23.60% 26.05% 24.92% 14.44% 19.68% 16.71% 16.20% 5.24%
Average Days of Receivables
31.02 32.44 30.85 34.84 29.64 45.62 46.77 41.58 44.65 41.21
Research and Development Expense of Revenue
2.99% 2.76% 2.72% 2.48% 2.58% 3.04% 3.07% 3.15% 3.03% 3.06%
Selling, General and Administrative Expense of Revenue
32.57% 32.62% 31.72% 30.96% 37.03% 37.87% 37.32% 37.45% 37.06% 38.17%
Intangible Assets out of Total Assets
0.31 0.34 0.35 0.34 0.34 0.37 0.38 0.41 0.39 0.39
Share Based Compensation of Revenue
1.12% 1.25% 1.25% 1.06% 1.29% 0.99% 0.65% 1.14% 0.98% 0.92%
Graham Net Nets
(0.11) (0.09) (0.07) (0.05) 0.01 (0.02) (0.05) (0.06) (0.12) (0.50)
Graham Number
30.15 30.72 29.69 28.87 27.98 19.91 21.37 19.26 18.56 33.22
Earnings Yield
3.90% 4.71% 4.57% 6.38% 4.52% 3.18% 4.95% 6.31% 6.39% 10.22%
Free Cash Flow Yield
1.97% 3.23% 6.35% (4.20%) 6.99% 7.94% 4.13% 8.31% (2.96%) 13.97%
Revenue per Share
42.43 38.79 35.52 31.55 28.82 21.64 22.29 21.85 20.97 50.32
Operating CF per Share
3.22 3.87 5.54 (0.94) 4.21 3.55 1.78 2.19 (0.36) 3.34
Capex per Share
(1.23) (1.18) (1.50) (1.76) (0.50) (0.33) (0.44) (0.44) (0.25) (0.61)
Free Cash Flow per Share
1.99 2.69 4.04 (2.70) 3.71 3.22 1.34 1.75 (0.62) 2.72
Cash per Share
0.83 0.84 0.98 0.82 3.78 2.03 0.45 0.41 0.64 2.53
Shareholders Equity per Share
12.99 12.52 13.47 13.57 14.49 13.66 12.61 12.40 11.48 24.60
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
12.99 12.52 13.47 13.57 14.49 13.66 12.61 12.40 11.48 24.60
Free Cash Flow
120.03 170.48 271.23 (194.15) 276.53 239.75 101.33 130.93 (45.88) 85.09
Working Capital
595.22 501.17 545.56 510.45 486.15 442.13 383.70 369.13 380.29 202.42
Capital Expenditures
(74.34) (74.62) (100.60) (126.36) (37.60) (24.67) (32.96) (32.80) (18.84) (19.17)
Net Current Asset Value
(533.76) (413.20) (296.90) (158.03) 43.61 (49.49) (123.40) (100.64) (192.86) (302.82)
EV/EBIT
19.06 17.14 17.21 12.74 15.36 22.02 15.19 11.19 11.59 6.59
Capex to Sales
0.03 0.03 0.04 0.06 0.02 0.02 0.02 0.02 0.01 0.01
Price to Operating Income
16.07 14.80 14.98 10.93 15.23 20.76 13.20 9.14 9.13 4.28
Other line items
Depreciation/Fixed assets
0.16 0.18 0.18 0.17 0.18 0.21 0.19 0.18 0.18 0.20
Cash ROIC
6.76% 10.59% 16.24% (12.11%) 16.49% 15.96% 7.30% 9.76% (3.36%) 6.77%
Accounts Receivable Turnover
11.74 11.71 11.40 11.61 11.43 7.73 8.37 8.67 8.47 8.50
Accounts Payable Turnover
8.70 8.44 7.95 7.39 7.45 7.27 8.59 8.85 8.41 8.71
Inventory Turnover
2.26 2.13 1.96 2.25 2.67 2.07 2.13 2.18 2.21 2.38
Average Days of Payables
42.84 43.22 43.53 49.90 58.01 52.66 46.16 39.69 44.64 41.35
Days of Inventory on Hand
166.08 165.62 178.03 201.58 146.54 166.88 179.71 166.60 175.17 152.60
Average Receivables
217.92 209.86 209.02 195.57 187.98 208.47 200.77 188.48 184.18 184.95
Average Payables
153.65 150.42 158.76 165.30 138.24 107.60 94.19 89.40 90.18 88.74
Average Inventory
592.27 595.75 645.11 544.00 385.50 378.03 379.79 362.58 343.63 324.82
Average Assets
2,261.45 2,188.44 2,195.24 2,099.82 1,936.20 1,841.80 1,754.34 1,712.76 1,735.04 1,747.57
Average Common Equity
788.35 848.11 939.90 1,028.49 1,048.76 984.04 938.91 890.48 811.40 481.16

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Columns are period end dates