Filing Flows

Filing Flows › Companies › Acushnet Holdings › Cash flow

Acushnet Holdings cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$191M in Q3 2026 · $238M over twelve months

Operating cash flow$211M
Capital spending−$20.1M
Free cash flow+$191M
Cash / net income4.2×
Cash conversion cycle159 days

Analysis

In Q3 2026, Acushnet Holdings generated $211M of operating cash flow and spent $20.1M on capital projects, leaving free cash flow of $191M. That is $54.5M more than in Q3 2025 ($137M).

Over the twelve months to Sep 30, 2026, operating cash flow was $319M; the largest uses were net borrowing (+) / repaid (−) ($171M), buybacks ($105M), capital spending ($80.4M); besides operations, cash came from other financing ($139M); the cash balance rose by $18.6M.

Operating cash flow was $211M against net income of $50.2M — 4.2× profit, cash ran ahead of reported earnings. The largest differences: receivables +$135M, inventory −$29.0M, depreciation & amortization +$15.9M.

Its cash conversion cycle was 159 days (receivables 60 + inventory 155 − payables 57).

Free cash flow

Acushnet Holdings: free cash flow by quarterAcushnet Holdings: free cash flow by quarter−$33.2MQ4 2024−$132MQ1 2025$138MQ2 2025$137MQ3 2025−$23.3MQ4 2025−$163MQ1 2026$233MQ2 2026$191MQ3 2026
Operating cash flow less capital spending.
Acushnet Holdings: operating cash flow against capital spendingAcushnet Holdings: operating cash flow against capital spendingOperating cash flowCapital spending−$1.1M$32.1MQ4 2024−$120M$11.3MQ1 2025$152M$13.9MQ2 2025$163M$26.2MQ3 2025−$338K$23.0MQ4 2025−$144M$19.2MQ1 2026$251M$18.1MQ2 2026$211M$20.1MQ3 2026
Latest (Q3 2026): Operating cash flow $211M, Capital spending $20.1M.

Capital allocation, year by year

Acushnet Holdings: where the cash came from (up) and went (down), by fiscal yearAcushnet Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $314MFY2021: Net borrowing −$20.4MFY2021: Capital spending −$37.6MFY2021: Buybacks −$65.5MFY2021: Dividends −$49.2M$314MFY2021FY2022: Operating cash flow −$67.8MFY2022: Net borrowing $248MFY2022: Capital spending −$61.4MFY2022: Acquisitions −$18.4MFY2022: Buybacks −$189MFY2022: Dividends −$52.2M$248MFY2022FY2023: Operating cash flow $372MFY2023: Net borrowing $138MFY2023: Capital spending −$75.4MFY2023: Buybacks −$334MFY2023: Dividends −$52.5M$510MFY2023FY2024: Operating cash flow $245MFY2024: Net borrowing $63.7MFY2024: Capital spending −$74.6MFY2024: Buybacks −$173MFY2024: Dividends −$54.3M$309MFY2024FY2025: Operating cash flow $194MFY2025: Net borrowing $178MFY2025: Capital spending −$74.3MFY2025: Buybacks −$212MFY2025: Dividends −$56.2M$372MFY2025
Over these 5 years operating cash flow totalled $1.1B; the largest uses were buybacks ($973M) and capital spending ($323M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$108M
Debt$955M
Net debt$847M
Due within a year$660K

Acushnet Holdings funds itself: free cash flow was $238M over the last twelve months, and $108M of cash and investments stands against $955M of debt ($660K due within a year, 163.8× covered by cash).

Acushnet Holdings: debt maturities by year (FY2025)Acushnet Holdings: debt maturities by year (FY2025)$660KYear 1$715KYear 2$693KYear 3$27KYear 4$431MYear 5$500MAfter year 5
Principal due in each year as disclosed in the annual report, against $108M of cash and investments now.

Where the cash came from and went

Acushnet Holdings: sources (+) and uses (−) of cash, Q3 2026Acushnet Holdings: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$211MNet borrowing (+) / repaid (−)−$84.7MBuybacks−$55.4MCash drawn (+) / kept (−)−$40.2MCapital spending−$20.1MDividends−$14.6MOther financing$4.0MTaxes on employees’ shares−$2.4MExchange rates$1.8M
Acushnet Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Acushnet Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$319MNet borrowing (+) / repaid (−)−$171MOther financing$139MBuybacks−$105MCapital spending−$80.4MDividends−$59.1MTaxes on employees’ shares−$22.3MCash drawn (+) / kept (−)−$18.6MExchange rates−$995K

From profit to cash

Acushnet Holdings: net income to operating cash flow, Q3 2026Acushnet Holdings: net income to operating cash flow, Q3 2026Net income$50.2MDepreciation & amortization$15.9MStock-based pay$7.9MDeferred taxes$5.2MReceivables$135MInventory−$29.0MPayables$5.0MIncome taxes payable$9.0MOther operating capital$12.0MOperating cash flow$211M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20266015557159
Q2 20265513546144
Q1 20264313438139
Q4 20255619455195
Q3 20255514246152
Q2 20255713346145
Q1 20254513741140
Q4 20246120861207

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$211M−$20.1M−$55.4M−$14.6M−$84.7M−$40.2M$191M
Q2 2026$251M−$18.1M−$16.0M−$14.9M−$191M−$16.3M$233M
Q1 2026−$144M−$19.2M−$10.0M−$15.9M$209M−$1.6M−$163M
Q4 2025−$338K−$23.0M−$24.0M−$13.7M−$104M$39.4M−$23.3M
Q3 2025$163M−$26.2M−$62.5M−$13.8M−$31.3M−$29.4M$137M
Q2 2025$152M−$13.9M−$89.3M−$13.8M−$14.1M−$19.5M$138M
Q1 2025−$120M−$11.3M−$35.7M−$14.8M$178M$12.5M−$132M
Q4 2024−$1.1M−$32.1M−$30.5M−$13.0M$35.5M$46.0M−$33.2M

Acushnet Holdings: income statement and cash flow

Acushnet Holdings, Q3 2026: revenue $649M (-1% year over year), operating margin 12.4%. The chart follows the revenue to costs, profit and cash.

Acushnet Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.