GOLF Financials Acushnet Holdings Corp.

12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:15 UTC Overview →

Growth & profitability

Revenue has grown 9.7% per year over the past 5 years.
Net income has grown faster than revenue (14.5% vs 9.7% per year).
Operating margin has expanded, at 11.7% in the latest year.
Free cash flow has declined 12.9% per year over the past 5 years.

Financial health

Total debt ($949M) exceeds cash ($50M); net debt is $899M.
Total debt has grown faster than revenue (23.1% vs 9.7% per year).
Total debt is 2.7× EBITDA.

Shareholder returns

Dividends have been paid for 9 consecutive years, consuming 29.8% of earnings and 46.8% of free cash flow.
The dividend has grown 4.0% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$2.6B	$189M	47.7%	11.7%	24.1%	8.0%	$120M	$949M	$50M
2024	$2.5B	$214M	48.3%	12.4%	28.0%	9.8%	$170M	$768M	$53M
2023	$2.4B	$198M	47.0%	12.0%	23.0%	9.0%	$296M	$706M	$65M
2022	$2.3B	$199M	46.2%	12.4%	21.2%	9.1%	-$129M	$567M	$59M
2021	$2.1B	$179M	52.1%	12.1%	17.2%	8.9%	$277M	$315M	$282M
2020	$1.6B	$96M	51.5%	9.0%	9.8%	5.1%	$240M	$335M	$151M
2019	$1.7B	$121M	51.9%	11.0%	13.2%	6.7%	$101M	$404M	$34M
2018	$1.6B	$100M	51.6%	10.5%	11.2%	5.9%	$131M	$386M	$31M
2017	$1.6B	$99M	51.4%	10.9%	12.0%	5.7%	-$46M	$467M	$48M
2016	$1.6B	$45M	50.8%	9.1%	6.1%	2.6%	$85M	$413M	$79M
2015	—	-$966000	—	—	-0.6%	-0.1%	$69M	—	$59M
2014	—	$22M	—	—	13.8%	—	—	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$820M	$125M	54.4%	21.5%	13.5%	4.8%	$233M	$960M	$68M
Mar '26	$753M	$81M	47.2%	16.0%	9.9%	3.1%	-$163M	$1.2B	$52M
Dec '25	$477M	-$35M	44.1%	-3.8%	-4.5%	-1.5%	-$23M	$949M	$50M
Sep '25	$658M	$49M	48.5%	14.1%	5.7%	2.1%	$137M	$902M	$89M
Jun '25	$720M	$76M	49.2%	15.2%	9.3%	3.2%	$138M	$933M	$60M
Mar '25	$703M	$99M	47.9%	16.3%	12.7%	4.1%	-$132M	$944M	$41M
Dec '24	$445M	-$1M	46.7%	-1.2%	-0.1%	-0.1%	-$33M	$768M	$53M
Sep '24	$621M	$56M	49.0%	13.2%	6.5%	2.5%	$124M	$730M	$99M
Jun '24	$684M	$71M	48.8%	15.5%	8.3%	3.1%	$197M	$752M	$80M
Mar '24	$708M	$88M	48.4%	17.2%	9.9%	3.7%	-$117M	$864M	$49M
Dec '23	$413M	-$27M	18.7%	-6.0%	-3.1%	-1.2%	$42M	$706M	$65M
Sep '23	$593M	$57M	52.0%	13.2%	6.2%	2.6%	$162M	$593M	$57M
Jun '23	$689M	$75M	53.5%	15.4%	7.3%	3.2%	$191M	$682M	$63M
Mar '23	$686M	$93M	53.3%	18.2%	9.4%	3.8%	-$98M	$829M	$57M
Dec '22	$447M	-$58000	50.0%	2.6%	-0.0%	-0.0%	-$36M	$567M	$59M
Sep '22	$558M	$52M	52.8%	13.6%	5.1%	2.5%	$18M	$434M	$108M
Jun '22	$659M	$66M	52.2%	13.4%	6.2%	3.2%	$65M	$395M	$109M
Mar '22	$606M	$81M	52.3%	17.4%	7.6%	3.9%	-$176M	$408M	$114M
Dec '21	$421M	-$26M	48.6%	-5.2%	-2.5%	-1.3%	$16M	$315M	$282M
Sep '21	$522M	$39M	51.5%	10.1%	3.4%	1.9%	$121M	$319M	$321M

Valuation over time

How the market has priced GOLF against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 14.6× (Mar '23) to 27.7× (Nov '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 2.0× (Nov '26).
The dividend yield has fallen from 1.8% (Mar '23) to 1.1% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is GOLF growing its revenue and profit?

Over the past 5 years, Acushnet Holdings Corp.'s revenue has grown 9.7% per year, and net income grown 14.5% per year. These are computed facts, not advice.

How much debt does GOLF have?

As of FY2025, Acushnet Holdings Corp. reported $949M of total debt against $50M of cash.

What is GOLF's profit margin?

In FY2025, gross margin was 47.7%, operating margin 11.7%, and net margin 7.4%.

What is GOLF's P/E ratio?

Acushnet Holdings Corp.'s P/E (TTM) is 23.76 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the GOLF stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 27.7× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.