Filing Flows › Acushnet Holdings (GOLF) › Q2 2025
Acushnet Holdings (GOLF) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Acushnet Holdings (GOLF) reported revenue of $720M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +2% from the quarter before. Operating margin was 15.2%, net earnings $75.6M (10.5% of revenue).
Acushnet Holdings, Q2 2025: revenue $720M (+5% year over year), operating margin 15.2%, net earnings $75.6M, operating cash flow $152M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $720M | +2% | +5% |
| Gross profit | $354M | +5% | +6% |
| Operating profit | $110M | -4% | +4% |
| Net earnings | $75.6M | -24% | +6% |
| Operating cash flow | $152M | — | -28% |
| Free cash flow | $138M | — | -30% |
What changed
Revenue was $720.5M in Q2 2025, up 5% year over year and up 2% from the previous quarter.
Gross margin was 49.2%, up 0.4 points from a year earlier. Operating profit was $109.9M, a 15.2% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, below the 16% margin then. Operating expenses grew 7% against revenue growth of 5%. The fastest-growing cost line was Research & development (+17%). Net earnings were $75.6M, up 6% year over year. The effective tax rate was 19.9%.
Operating cash flow was $151.9M (down 28% year over year), 202% of net earnings. Non-cash charges added back $14.9M of depreciation and amortization and $8.6M of share-based compensation. Working capital and other items added $53.3M. Capital expenditures of $13.9M left free cash flow of $138.0M.
Questions
What was Acushnet Holdings' revenue in the second quarter 2025?
Acushnet Holdings (GOLF) reported revenue of $720M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +2% from the quarter before.
Was Acushnet Holdings profitable in the second quarter 2025?
Operating profit was $110M (15.2% of revenue) and net earnings $75.6M.
Source: Acushnet Holdings 10-Q on SEC EDGAR.