GOLF on NYSE

Acushnet Company

Logo: Acushnet Company, Public domain, via Wikimedia Commons4

American manufacturer of golf equipment and accessories

The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1910Founded1

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  • TickerGOLF on NYSE1
  • IndustrySporting & Athletic Goods, NEC1
  • HeadquartersNew Bedford1
  • Websitewww.acushnet.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address333 Bridge Street, Fairhaven, Ma 027195
  • Filer categoryLarge accelerated filer5

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Early 2010s Pinnacle Gold distance golf ball by Acushnet Company Inc made in USA
Photo: R. Henrik Nilsson, CC BY 4.0, via Wikimedia Commons7

The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

47.7%Gross margin8
11.7%Operating margin8
7.4%Net margin8
4.1%Revenue growth, 20258
24.1%Return on equity8
1.18×Debt to equity8
$120.0MFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue52¢$1.3B
  • Research and development3¢$76.5M
  • Selling, general and admin33¢$833.4M
  • Other costs3¢$70.4M
  • Income tax2¢$52.4M
  • Profit7¢$188.5M

Out of $2.6B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending22¢$74.3M
  • Dividends paid16¢$56.2M
  • Share buybacks62¢$211.5M

Out of $194.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.8

Financial statements

Revenue91011128$2.6B in 2025+52% since 2019
0$1.0B$2.0B$3.0B2019: $1.7B$1.7B20192020: $1.6B$1.6B2020−4%2021: $2.1B$2.1B2021+33%2022: $2.3B$2.3B2022+6%2023: $2.4B$2.4B2023+5%2024: $2.5B$2.5B2024+3%2025: $2.6B$2.6B2025+4%
Gross profit91011128$1.2B in 2025+40% since 2019
0$500.0M$1.0B$1.5B2019: $872.2M$872.2M20192020: $829.8M$829.8M2020−5%2021: $1.1B$1.1B2021+35%2022: $1.0B$1.0B2022−6%2023: $1.1B$1.1B2023+7%2024: $1.2B$1.2B2024+6%2025: $1.2B$1.2B2025+3%
Operating income91011128$299.4M in 2025+61% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $185.7M$185.7M20192020: $145.5M$145.5M2020−22%2021: $259.8M$259.8M2021+79%2022: $281.5M$281.5M2022+8%2023: $285.3M$285.3M2023+1%2024: $304.3M$304.3M2024+7%2025: $299.4M$299.4M2025−2%
Net income91011128$188.5M in 2025+56% since 2019
0$100.0M$200.0M$300.0M2019: $121.1M$121.1M20192020: $96.0M$96.0M2020−21%2021: $178.9M$178.9M2021+86%2022: $199.3M$199.3M2022+11%2023: $198.4M$198.4M2023−0%2024: $214.3M$214.3M2024+8%2025: $188.5M$188.5M2025−12%
Fiscal year2019202020212022202320242025
Revenue$1.7B9$1.6B10$2.1B11$2.3B12$2.4B8$2.5B8$2.6B8
Cost of revenue$809.1M9$782.3M10$1.0B11$1.2B12$1.3B8$1.3B8$1.3B8
Gross profit$872.2M9$829.8M10$1.1B11$1.0B12$1.1B8$1.2B8$1.2B8
Research and development$51.6M9$48.9M10$55.3M11$56.4M12$64.8M8$67.8M8$76.5M8
Selling, general and admin$627.5M9$610.6M10$795.4M11$702.9M12$755.7M8$801.6M8$833.4M8
Operating income$185.7M9$145.5M10$259.8M11$281.5M12$285.3M8$304.3M8$299.4M8
Interest
Income tax$40.6M9$13.0M10$63.6M11$54.4M12$43.0M8$47.8M8$52.4M8
Net income$121.1M9$96.0M10$178.9M11$199.3M12$198.4M8$214.3M8$188.5M8
Earnings per share$1.619$1.2910$2.4011$2.7712$2.968$3.388$3.138
Earnings per share (diluted)$1.609$1.2810$2.3811$2.7512$2.948$3.378$3.118

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The story

Founded in Acushnet, Massachusetts, by Philip E. "Skipper" Young in 1910, the "Acushnet Process Company" focused on deresinating latex and supplying rubber to industry, and over time began to make their own rubber-based products including water bottles and bathing caps. Eventually, Acushnet Process became a manufacturer of golf equipment, principally, golf balls.

In 1932, the company sectioned into two divisions: Rubber and Golf, both of which became quite successful. Three years later, the Golf division produced the Titleist golf ball, which has consistently been the company's most successful product.

In 1976, the company was purchased by American Brands (now known as Fortune Brands). In 1995, Fortune sold off the Acushnet Company's Acushnet Rubber division, which was Acushnet's original business (circa early 1900s).

Fortune Brands announced on December 8, 2010, that it planned to focus on its liquor business, and would spin off or sell other parts of the company — including home furnishings and hardware, and Acushnet (which includes Titleist, FootJoy, Scotty Cameron, and other golf product brands). On May 20, 2011, it was announced that a Korean group associated with Fila Korea, Ltd. and Mirae Asset Private Equity would purchase Acushnet for $1.23 billion in cash. The deal was completed on July 29, 2011.

On October 28, 2016, Acushnet was listed on the New York Stock Exchange via an initial public offering. In August 2018, Fila Korea acquired a controlling stake with the purchase of an additional 20% from several other investors, including Mirae Asset, to take their holdings to 53.1%.

From Wikipedia’s article on Acushnet Company, shared under CC BY-SA 4.0.6

Products and brands

  • clothing
  • sports equipment

Listed on Wikidata.1

Operations

Acushnet employs roughly 3000 people in Massachusetts, making it one of the largest employers in the region. It is headquartered in Fairhaven, Massachusetts alongside its Packing and Distribution Center about three miles (five kilometers) south of its original location.

They also have two golf ball manufacturing plants and an R&D Technology Center located in the New Bedford Industrial Park, as well as a Custom Golf Ball plant located in New Bedford.

Acushnet currently operates several facilities, many of which are in Massachusetts, as follows:

Ball Plant 2: Acushnet Company, 256 Samuel Barnett Boulevard, North Dartmouth, MA 02747

Read the full text

Ball Plant 3: Acushnet Company, 215 Duchaine Boulevard, New Bedford, MA 02746

Ball Plant C: Acushnet Company, 700 Belleville Avenue, New Bedford, MA 02746

Ball Plant 4: Acushnet Titleist (Thailand) Ltd. Hemaraj Eastern Seaboard Industrial Estate/Free Zone, 500/40 Moo 3 Tambon Tasit, Amphur Pluakdaeng, Rayong 21140

Distribution: Acushnet Company, 333 Bridge Street, Fairhaven, MA 02719

R&D Center: Acushnet Company, 181 Samuel Barnett Boulevard, North Dartmouth, MA 02747

Brands

Acushnet Company's primary brands are FootJoy, Scotty Cameron, Titleist and Vokey.

FootJoy

FootJoy is a golf clothing company based in Massachusetts and founded in 1857. Footjoy was acquired by the Acushnet Company in 1985 from General Mills. Currently, FootJoy is the number one seller of golf shoes and gloves in the United States.

FootJoy products include athletic shoes, golf gloves, clothing (shirts, shorts, pants, socks, sweater, jackets, hoodies,), and accessories (bags, gloves, caps, umbrellas).

Scotty Cameron

Scotty Cameron is a golf club designer who specializes in high-end putters. Cameron currently resides and has based his company, Scotty Cameron, in California. Cameron made his first putters using his mother-in-law's garage as his factory. After working with several golf companies, Scotty would accept a deal with Titleist. Later, Cameron created a "Custom Shop" where users and collectors can customize their putter by ordering a custom paint fill, engraving, shaft band and grip along with other options. Players can also bring in their older Scotty Cameron Putter and have them repaired.

Cameron's putters, the most storied of which are inspired by Karsten Solheim's (PING) original designs (Anser, Zing, B60) are named after popular California beach towns (Newport Beach, Laguna Beach) and Northern California counties renowned for their golf, wine, and leisure tourism (Sonoma, Napa, Monterey). His original designs, usually mallet putters, are often named using ad hoc wordplay. Cameron is a master of prestige branding, going so far as to trademark (under the Acushnet name) the acronym "G.S.S." or German stainless steel. "G.S.S." is simply 303 stainless imported from Germany and used in Cameron's more exclusive releases. It is molecularly identical to other 303 steels.

Titleist

Established by Phillip E. "Skipper" Young, a graduate of Massachusetts Institute of Technology in 1932, the brand is focused on golf balls and golf clubs. The Titleist balls have been produced by Acushnet since 1935.

Titleist's balls were also the most used balls at the 1949 U.S. Open.

Vokey Design

The Vokey brand was established by Bob Vokey (b. 1939), a Canadian craftsman who left his home country to establish in the U.S. As his attempts as a golfer failed, Vokey started manufacturing golf clubs.

From Wikipedia’s article on Acushnet Company, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Owners

Subsidiaries

  • Titleist

From Wikidata.1

Timeline

  1. 1910Founded Founded1

Recent filings

  1. Sep 22, 20264 PRIMARY DOCUMENT
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  7. Aug 13, 2026SCHEDULE 13G/A
  8. Aug 6, 20268-K
  9. Aug 6, 202610-Q
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Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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