GOLF

Acushnet Holdings

Consumer discretionary · fiscal year ending 2025-12-31

Through the investors’ lenses

1 of 4 cleared7 of 10 criteria

Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.

Warren Buffett 3/4

Measure	GOLF	Checked against
Owner earnings	$169.50m	positive	✓
Return on equity	24.1%	US median 2.8%	✓
Debt to equity	1.18x	US median 0.57x	✗
Operating margin	11.7%	US median 3.1%	✓

Passes 3 of 4. These are the measures Warren Buffett published, applied to Acushnet Holdings’s own figures — their criteria, not their view of this company. What he looks at, and why →

Benjamin Graham 2/3

Measure	GOLF	Checked against
Current ratio	2.38x	2.00x published	✓
Long-term debt to working capital	1.56x	1.00x published	✗
Positive earnings, ten years running	10 yrs	10 published	✓

Passes 2 of 3. These are the measures Benjamin Graham published, applied to Acushnet Holdings’s own figures — their criteria, not their view of this company. What he looks at, and why →

Joel Greenblatt 1/1

Measure	GOLF	Checked against
Return on capital employed	17.5%	US median 5.1%	✓

Passes 1 of 1. These are the measures Joel Greenblatt published, applied to Acushnet Holdings’s own figures — their criteria, not their view of this company. What he looks at, and why →

Peter Lynch 1/2

Measure	GOLF	Checked against
Debt to equity	1.18x	US median 0.57x	✗
Net margin	7.4%	US median 2.0%	✓

Passes 1 of 2. These are the measures Peter Lynch published, applied to Acushnet Holdings’s own figures — their criteria, not their view of this company. What he looks at, and why →

Basis	Payout	Why
GAAP earnings	30.2%	why The figure most screeners publish.
Operating cash flow	28.9%	why Before capital spending.
Free cash flow	46.8%	why After maintaining the business.

Spread between highest and lowest: 17.9 percentage points. Same filings, different denominators.

Coverage rating 24 / 100 — Strained. ? Peer standing 19/50Direction 0/30Stability 4/20

Against its own history: 46.8% this year vs 19.2% median over the prior 5. A gap this size is usually a one-off — acquisition, settlement, cyclical trough — not a dividend that stopped being funded. The rating reads the latest year; the table shows the trend.

Free cash flow payout, last 6 years

Fiscal year	Payout
2025-12-31	46.8%
2024-12-31	31.8%
2023-12-31	17.7%
2021-12-31	17.8%
2020-12-31	19.2%
2019-12-31	42.9%

Coverage worsened sharply this year, 31.8% to 46.8%, after no clear trend before it. One year is not a trend, but it is worth knowing which direction the last one moved.

39% of the 62 consumer discretionary here pay out more.

The arithmetic

GAAP earnings — dividends declared per share $0.940 ÷ diluted EPS $3.11
Operating cash flow — dividends paid $56.2m ÷ operating cash flow $194m
Free cash flow — dividends paid $56.2m ÷ (operating cash flow $194m − capex $74.3m)

Where the figures came from

10-K filed 2026-02-27 · accession 0001672013-26-000057

Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.

Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.

What the free cash flow payout ratio measures, and where every company here sits on it.

Also on: rated strained · when it files.

Who else looks like this

Every figure above is computed from Acushnet Holdings’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.

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