GOLF (Acushnet Holdings) Operating Income: $305 Mil (TTM As of Mar. 2026)

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GOLF Acushnet Holdings Corp GOLF
83 GF Score
Price $113.71
GF Value $79.45
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Acushnet Holdings Operating Income?

Acushnet Holdings GOLF +1.15% 83 Operating Income is $305 Mil as of Mar. 2026. GuruFocus rates GOLF with a GF Score™ of 83/100 and a GF Value™ of $79.45 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Acushnet Holdings's Operating Income for the three months ended in Mar. 2026 was $120 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $305 Mil.

Warning Sign:

Acushnet Holdings Corp has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Acushnet Holdings's Operating Income for the three months ended in Mar. 2026 was $120 Mil. Acushnet Holdings's Revenue for the three months ended in Mar. 2026 was $753 Mil. Therefore, Acushnet Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 15.96%.

Good Sign:

Acushnet Holdings Corp operating margin is expanding. Margin expansion is usually a good sign.

Acushnet Holdings's 5-Year average Growth Rate for Operating Margin % was 2.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Acushnet Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 17.77%. Acushnet Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.11%.


Acushnet Holdings  (NYSE:GOLF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Acushnet Holdings's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=480.596 * ( 1 - 22.9% )/( (1980.098 + 2190.851)/ 2 )
=370.539516/2085.4745
=17.77 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2342.699 - 312.513 - ( 50.088 - max(0, 430.154 - 1025.371+50.088))
=1980.098

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2599.902 - 357.372 - ( 51.679 - max(0, 452.012 - 1295.295+51.679))
=2190.851

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Acushnet Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=473.332/( ( (356.575 + max(561.795, 0)) + (360.078 + max(820.216, 0)) )/ 2 )
=473.332/( ( 918.37 + 1180.294 )/ 2 )
=473.332/1049.332
=45.11 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(217.48 + 608.571 + 149.232) - (312.513 + 0 + 100.975)
=561.795

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(504.764 + 576.722 + 162.13) - (357.372 + 0 + 66.028)
=820.216

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Acushnet Holdings's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=120.149/752.975
=15.96 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Acushnet Holdings Operating Income Related Terms


Acushnet Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Acushnet Holdings's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Acushnet Holdings Operating Income Chart

Acushnet Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 259.81 281.53 285.31 304.26 299.43

Acushnet Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 114.55 109.87 92.93 -17.91 120.15
GOLF
83GF Score
Acushnet Holdings Corp GOLF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Acushnet Holdings Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $305 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $305 Mil mean?
Acushnet Holdings (GOLF) has a Operating Income of $305 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Acushnet Holdings and its competitors.
Is Acushnet Holdings' Operating Income too high?
Acushnet Holdings' current Operating Income is $305 Mil. Overall, Acushnet Holdings has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Acushnet Holdings' Operating Income compare to LTH and PLNT?
Acushnet Holdings' Operating Income of $305 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Acushnet Holdings and its competitors. Acushnet Holdings's current Operating Income is $305 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Acushnet Holdings stock overvalued right now?
Based on GuruFocus' analysis, Acushnet Holdings (GOLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $79.45, compared to a current price of $113.71 — trading 43.1% above its estimated fair value. The current Operating Income is $305 Mil. Acushnet Holdings' overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Acushnet Holdings (GOLF), the current Operating Income is $305 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Acushnet Holdings (GOLF) Overvalued in 2026?

Based on GuruFocus' analysis, Acushnet Holdings stock appears to be overvalued. The current stock price of $113.71 is trading 43.1% above its estimated GF Value™ of $79.45. GuruFocus considers Acushnet Holdings to be Significantly Overvalued.

Key valuation signals for GOLF:

  • Operating Income: $305 Mil
  • GF Value™: $79.45 vs. price of $113.71 (43.1% above fair value)
  • GF Score™: 83/100 with 8 warning signs

No single metric tells the full story. See the GOLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Acushnet Holdings Business Description

Other Exchanges 163:Germany
Address 333 Bridge Street, Fairhaven, MA, USA, 02719
Acushnet Holdings Corp is engaged in the design, development, manufacture, and distribution of golf products. Its product category includes golf balls, golf shoes, golf clubs, wedges, putters, golf gloves, golf gear and golf wear, and others. These products are offered through different brands such as Titleist, FootJoy, Scotty Cemeron, Vokey Design, Pinnacle, KJUS, and others. The company's reportable segments are Titleist golf equipment, FootJoy golf wear, and Gofl gear. A majority of its revenue is generated by the Titleist golf equipment segment. Geographically, the company generates maximum revenue from the United States, followed by Europe, Middle East and Asia (EMEA), Japan, Korea, and the Rest of the world.
83GF Score

Get the complete analysis for GOLF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$113.71
Price
$79.45
GF Value