Filing Flows › Acushnet Holdings (GOLF) › Q3 2025
Acushnet Holdings (GOLF) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Acushnet Holdings (GOLF) reported revenue of $658M for the third quarter 2025 (Q3 2025), +6% from a year earlier and -9% from the quarter before. Operating margin was 14.1%, net earnings $48.5M (7.4% of revenue).
Acushnet Holdings, Q3 2025: revenue $658M (+6% year over year), operating margin 14.1%, net earnings $48.5M, operating cash flow $163M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $658M | -9% | +6% |
| Gross profit | $319M | -10% | +5% |
| Operating profit | $92.9M | -15% | +13% |
| Net earnings | $48.5M | -36% | -14% |
| Operating cash flow | $163M | +7% | +13% |
| Free cash flow | $137M | -0.8% | +11% |
What changed
Revenue was $657.7M in Q3 2025, up 6% year over year and down 9% from the previous quarter.
Gross margin was 48.5%, down 0.5 points from a year earlier. Operating profit was $92.9M, a 14.1% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 29% reached operating profit, above the 13% margin then. Operating expenses grew 2% against revenue growth of 6%. Net earnings were $48.5M, down 14% year over year. The effective tax rate was 37.3%.
Operating cash flow was $163.1M (up 13% year over year), 340% of net earnings. Non-cash charges added back $13.0M of depreciation and amortization and $8.5M of share-based compensation. Working capital and other items added $93.6M. Capital expenditures of $26.2M left free cash flow of $136.9M.
Questions
What was Acushnet Holdings' revenue in the third quarter 2025?
Acushnet Holdings (GOLF) reported revenue of $658M for the third quarter 2025 (Q3 2025), +6% from a year earlier and -9% from the quarter before.
Was Acushnet Holdings profitable in the third quarter 2025?
Operating profit was $92.9M (14.1% of revenue) and net earnings $48.5M.
Source: Acushnet Holdings 10-Q on SEC EDGAR.