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Makes golf balls, clubs, shoes and gloves under the Titleist and FootJoy brands sold worldwide.
Makes golf balls, clubs, shoes and gloves under the Titleist and FootJoy brands sold worldwide.
Sells most of its products through golf pro shops and specialty stores, which recommend the brand to serious players, so a loyal base of dedicated golfers matters more than casual buyers. Golf balls are its largest product, made in its own plants in Massachusetts and Thailand; they are replaced often, giving repeat sales, while clubs follow launch cycles.
Moat: narrow (brand, distribution). Titleist's tour-validated brand and pro-shop distribution are hard for challengers to match.
Headquarters: Fairhaven, Massachusetts, US · Founded: 1910 · Employees: 7,300
Size Acushnet (GOLF) is a United States Consumer Discretionary company (Recreational Products) with a market value of $4.72B, the 1223rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $80.74 on 6 Nov 2026.
Performance Over six months the shares fell 11.8%, against +4.5% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 6.8% over the last twelve months (peer median +7.1%); the operating margin is 13.4% (peer median 9.3%).
Valuation It trades at 20.0× forward earnings against a peer median of 17.3× (8th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.2 points above its cost of capital (8.2% WACC).
Short interest Short interest is 4.3% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.70B | $2.56B | $2.46B | $2.38B | $2.27B |
| Revenue growth | — | +4% | +3% | +5% | — |
| Gross profit | $1.32B | $1.21B | $1.16B | $1.23B | $1.16B |
| EBITDA | $416M | $350M | $348M | $333M | $322M |
| Net income | $221M | $189M | $214M | $198M | $199M |
| Free cash flow | $238M | $120M | $170M | $296M | -$129M |
| Capital expenditure | $80.4M | $74.3M | $74.6M | $101M | $126M |
| Total debt | $877M | $1.07B | $844M | $794M | $628M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Acushnet GOLF | $4.72B | -12% | +7% | 13% | 20.0× | 3.8% |
| Callaway Golf CALY | $3.00B | -4% | -37% | 9% | 18.6× | 2.4% |
| Sumitomo Rubber Industries 5110.T | $3.40B | +1% | +5% | 8% | 9.8× | -3.3% |
| adidas ADS.DE | $33.2B | +19% | +8% | 9% | 18.3× | 3.5% |
| Nike NKE | $57.3B | -13% | -1% | 9% | 30.4× | 7.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GOLF | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | +8.1% | 8th lowest of 21 |
| 6-month return | -11.8% | +4.5% | 5th lowest of 21 |
| Distance from 52-week high | -32.5% | -18.1% | 4th lowest of 21 |
| Revenue growth (TTM) | +6.8% | +7.1% | 11th highest of 21 |
| Operating margin | 13.4% | 9.3% | 9th highest of 21 |
| Forward P/E | 20.0× | 17.3× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 3.8% | 2.4% | 8th most demanding of 18 |
| Growth delivered (Del g) | +9.7% | +5.3% | 7th highest of 18 |
| Hurdle (Req g minus delivered) | -5.9 pp | -5.2 pp | 9th least demanding of 18 |
| ROIC minus cost of capital | +9.2 pp | +2.0 pp | 8th highest of 20 |
| EV / EBITDA | 13.2× | 10.5× | 5th most expensive of 19 |
| Net debt / EBITDA | 1.9× | -0.0× | 4th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Acushnet GOLF | United States | $4.72B | -12% | +7% | 13% | 20.0× | 3.8% | +9.7% |
| Mattel MAT | United States | $4.39B | 0% | +3% | 9% | 12.8× | 0.2% | +3.1% |
| Thor Industries THO | United States | $4.18B | +5% | 0% | 3% | 22.3× | 16.0% | -4.8% |
| Fluidra FDR.MC | Spain | $4.12B | +4% | +2% | 14% | 14.9× | 5.4% | +8.0% |
| Asmodee ASMDEE-B.ST | Sweden | $3.97B | +39% | +17% | 16% | 17.1× | -1.8% | +11.9% |
| Polaris PII | United States | $3.59B | -8% | +9% | 2% | 22.2× | 18.1% | +0.4% |
| Yamaha 7951.T | Japan | $3.39B | +7% | +5% | 8% | 15.8× | -1.7% | +4.5% |
| Hayward HAYW | United States | $3.38B | +11% | +8% | 22% | 17.9× | 9.9% | +5.1% |
| Technogym S.p.A TGYM.MI | Italy | $3.34B | -32% | +10% | 16% | 23.8× | 9.7% | +14.9% |
| Games Workshop GAW.L | United Kingdom | $7.15B | -17% | +7% | 42% | 25.2× | 11.7% | +12.3% |
| Callaway Golf CALY | United States | $3.00B | -4% | -37% | 9% | 18.6× | 2.4% | +5.3% |
| Tomy 7867.T | Japan | $2.74B | +89% | +7% | 9% | 20.2× | 2.5% | +13.9% |
| Alpha 002292.SZ | China | $2.08B | +13% | +2% | 9% | 72.3× | 28.4% | +0.9% |
| tonies TNIE.DE | Germany | $1.86B | +24% | +36% | 4% | 37.4× | n/a | n/a |
| VTech 0303.HK | Hong Kong | $1.72B | -15% | -7% | 9% | 11.9× | -9.7% | -3.0% |
| Bloks 0325.HK | Hong Kong | $1.56B | -23% | +30% | 21% | 12.4× | -1.0% | +102.8% |
| Spin Master TOY.TO | Canada | $1.52B | +6% | -2% | 9% | 9.6× | -11.5% | +7.0% |
| Sanlorenzo SL.MI | Italy | $1.46B | -7% | +2% | 14% | 11.8× | -2.0% | +13.7% |
| New Gonow Recreational Vehicles 0805.HK | Hong Kong | $1.36B | +491% | +13% | 2% | n/a | n/a | n/a |
| Hasbro HAS | United States | $16.6B | +22% | +19% | 31% | 17.3× | -9.8% | -3.0% |
| Yonex 7906.T | Japan | $1.31B | -10% | +15% | 10% | 14.6× | n/a | n/a |