GOLFAcushnet Holdings Corp.
Sporting & Athletic Goods, NEC
- Revenue
- $2.6B
- 4.1% YoY
- Operating margin
- 11.7%
- 5.5% YoY
- EBITDA
- $355M
- 1.5% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.4×
- $850M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear103% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired138% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear9% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.1B | $2.3B | $2.4B | $2.5B | $2.6B | 4.1% |
| Operating income | $260M | $282M | $285M | $304M | $299M | 1.6% |
| Net income | $179M | $199M | $198M | $214M | $189M | 12% |
| Operating cash flow | $314M | −$68M | $372M | $245M | $194M | 21% |
| Capex | $38M | $61M | $75M | $75M | $74M | 0.4% |
| Stock-based comp | $28M | $24M | $30M | $31M | $29M | 7.2% |
| Buybacks | $65M | $189M | $334M | $173M | $212M | 22% |
| Dividends | $49M | $52M | $52M | $54M | $56M | 3.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $421K · 1
- Net
- −$421K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $11M | $9M | 211 | 89 |
| FY2024 | $10M | $12M | 186 | 96 |
| FY2023 | $9M | $18M | 163 | 103 |
| FY2022 | $6M | $3M | 108 | 86 |
| FY2021 | $8M | $22M | 133 | 122 |