Acushnet Holdings Corp. (GOLF) FY2025 10-K Annual Report

Filed: Feb 27, 2026
Consumer Discretionary
Sporting & Athletic Goods, NECSEC EDGAR

Acushnet Holdings Corp. (GOLF) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Acushnet Holdings Corp. FY2025 10-K Analysis

Business Overview

  • Core business: Design, manufacture, and sell golf equipment, golf wear, and golf gear
  • Emphasis on compliance risks with potential Rules of Golf changes impacting product conformity and requiring additional R&D
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Management Discussion & Analysis

  • Unrestricted cash $48.7M as of Dec 31, 2025, with 95.4% held outside the U.S.
  • Liquidity sources include cash flows from operations, revolving credit facility, and local credit facilities
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Risk Factors

  • Refinanced debt Q4 2025, issued 2033 Notes and redeemed 2028 Notes impacting capital structure
  • $514.7M available under multi-currency revolving credit facility after $4.0M letters of credit
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Acushnet Holdings Corp. FY2025 Key Financial Metrics
XBRL

Revenue

$2.6B

+4.1% YoY

Net Income

$189M

-12.0% YoY

Gross Margin

47.7%

-61bp YoY

Operating Margin

11.7%

-68bp YoY

Net Margin

7.4%

-135bp YoY

ROE

24.1%

-394bp YoY

Total Assets

$2.3B

+7.5% YoY

EPS (Diluted)

$3.11

-7.7% YoY

Operating Cash Flow

$194M

-20.7% YoY

Source: XBRL data from Acushnet Holdings Corp. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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