Callaway Golf vs Acushnet
Acushnet reported revenue of $2.6 billion in fiscal 2025, 1.2 times Callaway Golf's $2.1 billion in fiscal 2025. Callaway Golf's revenue fell 0.8% in its latest year, and Acushnet's grew 4.1%. Callaway Golf had an operating margin of 6.2%, against 11.7% at Acushnet. Free cash flow was $302 million at Callaway Golf and $120 million at Acushnet.
Side by side
| Callaway Golf | Acushnet | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $2.1B | $2.6B |
| Revenue growth | −0.8% | 4.1% |
| Revenue growth a year, last 5 years | 5.3% | 9.7% |
| Gross margin | 42.1% | 47.7% |
| Operating margin | 6.2% | 11.7% |
| Net margin | −19.9% | 7.4% |
| Free cash flow | $302M | $120M |
| Free cash flow margin | 14.7% | 4.7% |
| Return on capital | 2.1% | 14.7% |
| Net debt to EBITDA | 3.2x | 2.5x |
| Dividends and buybacks | $4M | $268M |
| Change in diluted share count | −6.8% | −4.8% |
| Last close | $14.26 | $81.77 |
| P/E at the last close | — | 22.2× |
| Insider trades, last 12 months | sold $151.6 million | sold $9.2 million |
| Piotroski F-score | 5 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Callaway GolfAcushnet
Operating margin
Percent of revenue
Callaway GolfAcushnet
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Callaway GolfAcushnet
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Callaway Golf and Acushnet pages.