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Stocks · Consumer discretionary · Sporting & Athletic Goods, NEC

Acushnet Holdings Corp.

GOLF Clue Score43
United States Fiscal year ends December CIK 0001672013
$79.18 +0.05% Close, 9 Oct 2026
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Price $79.18 +68.61% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 28 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,572.3Operating income142.5Net income45.0EPS, diluted0.62Fiscal year 2017Revenue1,560.3 −0.8%Operating income169.8Net income98.7 +119.3%EPS, diluted1.32 +112.9%Fiscal year 2018Revenue1,633.7 +4.7%Operating income172.3Net income99.9 +1.2%EPS, diluted1.32 +0.0%Fiscal year 2019Revenue1,681.4 +2.9%Operating income185.7Net income121.1 +21.2%EPS, diluted1.60 +21.2%Fiscal year 2020Revenue1,612.2 −4.1%Operating income145.5Net income96.0 −20.7%EPS, diluted1.28 −20.0%Fiscal year 2021Revenue2,147.9 +33.2%Operating income259.8Net income178.9 +86.3%EPS, diluted2.38 +85.9%Fiscal year 2022Revenue2,270.3 +5.7%Operating income281.5Net income199.3 +11.4%EPS, diluted2.75 +15.5%Fiscal year 2023Revenue2,382.0 +4.9%Operating income285.3Net income198.4 −0.4%EPS, diluted2.94 +6.9%Fiscal year 2024Revenue2,457.1 +3.2%Operating income304.3Net income214.3 +8.0%EPS, diluted3.37 +14.6%Fiscal year 2025Revenue2,558.7 +4.1%Operating income299.4Net income188.5 −12.0%EPS, diluted3.11 −7.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,572.3 1,560.3 1,633.7 1,681.4 1,612.2 2,147.9 2,270.3 2,382.0 2,457.1 2,558.7
Growth −0.8% +4.7% +2.9% −4.1% +33.2% +5.7% +4.9% +3.2% +4.1%
Operating income 142.5 169.8 172.3 185.7 145.5 259.8 281.5 285.3 304.3 299.4
Net income 45.0 98.7 99.9 121.1 96.0 178.9 199.3 198.4 214.3 188.5
Growth +119.3% +1.2% +21.2% −20.7% +86.3% +11.4% −0.4% +8.0% −12.0%
EPS, diluted 0.62 1.32 1.32 1.60 1.28 2.38 2.75 2.94 3.37 3.11
Growth +112.9% +0.0% +21.2% −20.0% +85.9% +15.5% +6.9% +14.6% −7.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin50.8%Operating margin9.1%Net margin2.9%Free cash flow margin5.4%Fiscal year 2017Gross margin51.4%Operating margin10.9%Net margin6.3%Free cash flow margin−2.9%Fiscal year 2018Gross margin51.6%Operating margin10.5%Net margin6.1%Free cash flow margin8.0%Fiscal year 2019Gross margin51.9%Operating margin11.0%Net margin7.2%Free cash flow margin6.0%Fiscal year 2020Gross margin51.5%Operating margin9.0%Net margin6.0%Free cash flow margin14.9%Fiscal year 2021Gross margin52.1%Operating margin12.1%Net margin8.3%Free cash flow margin12.9%Fiscal year 2022Gross margin46.2%Operating margin12.4%Net margin8.8%Free cash flow margin−5.7%Fiscal year 2023Gross margin47.0%Operating margin12.0%Net margin8.3%Free cash flow margin12.4%Fiscal year 2024Gross margin48.3%Operating margin12.4%Net margin8.7%Free cash flow margin6.9%Fiscal year 2025Gross margin47.7%Operating margin11.7%Net margin7.4%Free cash flow margin4.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 50.8% 51.4% 51.6% 51.9% 51.5% 52.1% 46.2% 47.0% 48.3% 47.7%
Operating margin 9.1% 10.9% 10.5% 11.0% 9.0% 12.1% 12.4% 12.0% 12.4% 11.7%
Net margin 2.9% 6.3% 6.1% 7.2% 6.0% 8.3% 8.8% 8.3% 8.7% 7.4%
Free cash flow margin 5.4% −2.9% 8.0% 6.0% 14.9% 12.9% −5.7% 12.4% 6.9% 4.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow104.3Capital expenditure−19.2Free cash flow85.1Dividends paid0.0Fiscal year 2017Operating cash flow−27.0Capital expenditure−18.8Free cash flow−45.9 −153.9%Buybacks0.0Dividends paid−35.7Fiscal year 2018Operating cash flow163.7Capital expenditure−32.8Free cash flow130.9Buybacks0.0Dividends paid−39.1Fiscal year 2019Operating cash flow134.3Capital expenditure−33.0Free cash flow101.3 −22.6%Buybacks−29.4Dividends paid−43.5Fiscal year 2020Operating cash flow264.4Capital expenditure−24.7Free cash flow239.8 +136.6%Buybacks−7.0Dividends paid−46.1Fiscal year 2021Operating cash flow314.1Capital expenditure−37.6Free cash flow276.5 +15.3%Buybacks−65.5Dividends paid−49.2Fiscal year 2022Operating cash flow−67.8Capital expenditure−61.4Free cash flow−129.2 −146.7%Buybacks−189.1Dividends paid−52.2Fiscal year 2023Operating cash flow371.8Capital expenditure−75.4Free cash flow296.5Buybacks−334.1Dividends paid−52.5Fiscal year 2024Operating cash flow245.1Capital expenditure−74.6Free cash flow170.5 −42.5%Buybacks−172.8Dividends paid−54.3Fiscal year 2025Operating cash flow194.4Capital expenditure−74.3Free cash flow120.0 −29.6%Buybacks−211.5Dividends paid−56.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 104.3 −27.0 163.7 134.3 264.4 314.1 −67.8 371.8 245.1 194.4
Capital expenditure −19.2 −18.8 −32.8 −33.0 −24.7 −37.6 −61.4 −75.4 −74.6 −74.3
Free cash flow 85.1 −45.9 130.9 101.3 239.8 276.5 −129.2 296.5 170.5 120.0
Growth −153.9% −22.6% +136.6% +15.3% −146.7% −42.5% −29.6%
Buybacks n/a 0.0 0.0 −29.4 −7.0 −65.5 −189.1 −334.1 −172.8 −211.5
Dividends paid 0.0 −35.7 −39.1 −43.5 −46.1 −49.2 −52.2 −52.5 −54.3 −56.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash76.1Total debt389.1Net cash (debt)−313.0Shareholders’ equity735.9Debt to equity0.53Fiscal year 2017Cash47.7Total debt473.3Net cash (debt)−425.6Shareholders’ equity821.3Debt to equity0.58Fiscal year 2018Cash31.0Total debt382.6Net cash (debt)−351.6Shareholders’ equity894.9Debt to equity0.43Fiscal year 2019Cash34.2Total debt348.2Net cash (debt)−314.0Shareholders’ equity918.4Debt to equity0.38Fiscal year 2020Cash151.5Total debt331.1Net cash (debt)−179.7Shareholders’ equity983.9Debt to equity0.34Fiscal year 2021Cash281.7Total debt314.9Net cash (debt)−33.2Shareholders’ equity1,042.8Debt to equity0.30Fiscal year 2022Cash58.9Total debt527.5Net cash (debt)−468.6Shareholders’ equity939.1Debt to equity0.56Fiscal year 2023Cash65.4Total debt672.2Net cash (debt)−606.7Shareholders’ equity864.2Debt to equity0.78Fiscal year 2024Cash53.1Total debt753.8Net cash (debt)−700.7Shareholders’ equity765.2Debt to equity0.99Fiscal year 2025Cash50.1Total debt926.9Net cash (debt)−876.8Shareholders’ equity783.6Debt to equity1.18
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 76.1 47.7 31.0 34.2 151.5 281.7 58.9 65.4 53.1 50.1
Total debt 389.1 473.3 382.6 348.2 331.1 314.9 527.5 672.2 753.8 926.9
Net cash (debt) −313.0 −425.6 −351.6 −314.0 −179.7 −33.2 −468.6 −606.7 −700.7 −876.8
Shareholders’ equity 735.9 821.3 894.9 918.4 983.9 1,042.8 939.1 864.2 765.2 783.6
Debt to equity 0.53 0.58 0.43 0.38 0.34 0.30 0.56 0.78 0.99 1.18

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,572.3 1,560.3 1,633.7 1,681.4 1,612.2 2,147.9 2,270.3 2,382.0 2,457.1 2,558.7
Growth −0.8% +4.7% +2.9% −4.1% +33.2% +5.7% +4.9% +3.2% +4.1%
773.3 758.4 791.4 809.1 782.3 1,029.5 1,221.6 1,262.0 1,269.4 1,337.5
799.0 801.9 842.4 872.2 829.8 1,118.4 1,048.7 1,120.0 1,187.7 1,221.3
Growth +0.4% +5.1% +3.5% −4.9% +34.8% −6.2% +6.8% +6.0% +2.8%
48.1 47.2 51.5 51.6 48.9 55.3 56.4 64.8 67.8 76.5
600.1 578.3 611.9 627.5 610.6 795.4 702.9 755.7 801.6 833.4
142.5 169.8 172.3 185.7 145.5 259.8 281.5 285.3 304.3 299.4
Growth +19.2% +1.5% +7.7% −21.7% +78.6% +8.4% +1.3% +6.6% −1.6%
165.1 151.7 150.3 165.2 113.0 247.8 259.4 241.6 249.7 239.5
39.7 48.5 47.2 40.6 13.0 63.6 54.4 43.0 47.8 52.4
45.0 98.7 99.9 121.1 96.0 178.9 199.3 198.4 214.3 188.5
Growth +119.3% +1.2% +21.2% −20.7% +86.3% +11.4% −0.4% +8.0% −12.0%
Per share
0.74 1.33 1.34 1.61 1.29 2.40 2.77 2.96 3.38 3.13
0.62 1.32 1.32 1.60 1.28 2.38 2.75 2.94 3.37 3.11
Growth +112.9% +0.0% +21.2% −20.0% +85.9% +15.5% +6.9% +14.6% −7.7%
31.2 74.4 74.8 75.4 74.5 74.5 72.0 67.1 63.3 60.3
64.3 74.6 75.5 75.8 75.1 75.3 72.6 67.5 63.6 60.6
Growth +16.0% +1.2% +0.4% −0.9% +0.3% −3.6% −7.0% −5.7% −4.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 9.7% a year over five years, and earnings per share grew 19.4% a year.
  • The diluted share count fell 19.3% in five years, so buybacks did some of the work per share.
  • Operating margin is up 2.7 points on five years ago, at 11.7%.
  • Profitable in every one of the 10 years on file.