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Escalade vs Acushnet: revenue, profit, margins and growth compared

Escalade brought in $240.2M of revenue in fiscal 2025, Acushnet $2.6B in fiscal 2025. Revenue changed by -4.5% at Escalade and +4.1% at Acushnet on the year before, so Acushnet grew faster. Escalade kept 5.7% of its revenue as net profit, Acushnet 7.4%. Free cash flow was $28.5M at Escalade and $120M at Acushnet.

Side by side, latest fiscal year

ESCAGOLF
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$240.2M$2.6B
Revenue growth-4.5%+4.1%
Net income$13.7M$188.5M
Net margin5.7%7.4%
Free cash flow$28.5M$120M
Free cash flow margin11.9%4.7%
Earnings per share (diluted)$0.99$3.11
Cash$11.9M$50.1M
Debt$18.5M$933.4M
Price to earnings19.726.7
Market value$268.7M$4.8B
Dividend yieldn/a1.13%
Rank by revenue in sector#641 of 778 · Consumer discretionary#317 of 778 · Consumer discretionary

Over the years

Revenue
ESCA FY2018: $175.8MESCA FY2019: $180.5MESCA FY2020: $273.6MESCA FY2021: $313.6MESCA FY2022: $313.8MESCA FY2023: $263.6MESCA FY2024: $251.5MESCA FY2025: $240.2MGOLF FY2018: $1.6BGOLF FY2019: $1.7BGOLF FY2020: $1.6BGOLF FY2021: $2.1BGOLF FY2022: $2.3BGOLF FY2023: $2.4BGOLF FY2024: $2.5BGOLF FY2025: $2.6BFY18FY19FY20FY21FY22FY23FY24FY25
ESCA $240.2MGOLF $2.6B
Net income
ESCA FY2018: $20.4MESCA FY2019: $7.3MESCA FY2020: $25.9MESCA FY2021: $24.4MESCA FY2022: $18MESCA FY2023: $9.8MESCA FY2024: $13MESCA FY2025: $13.7MGOLF FY2018: $99.9MGOLF FY2019: $121.1MGOLF FY2020: $96MGOLF FY2021: $178.9MGOLF FY2022: $199.3MGOLF FY2023: $198.4MGOLF FY2024: $214.3MGOLF FY2025: $188.5MFY18FY19FY20FY21FY22FY23FY24FY25
ESCA $13.7MGOLF $188.5M
Net margin
ESCA FY2018: 11.6%ESCA FY2019: 4.0%ESCA FY2020: 9.5%ESCA FY2021: 7.8%ESCA FY2022: 5.7%ESCA FY2023: 3.7%ESCA FY2024: 5.2%ESCA FY2025: 5.7%GOLF FY2018: 6.1%GOLF FY2019: 7.2%GOLF FY2020: 6.0%GOLF FY2021: 8.3%GOLF FY2022: 8.8%GOLF FY2023: 8.3%GOLF FY2024: 8.7%GOLF FY2025: 7.4%FY18FY19FY20FY21FY22FY23FY24FY25
ESCA 5.7%GOLF 7.4%
Revenue growth
ESCA FY2019: +2.7%ESCA FY2020: +51.6%ESCA FY2021: +14.6%ESCA FY2022: +0.0%ESCA FY2023: -16.0%ESCA FY2024: -4.6%ESCA FY2025: -4.5%GOLF FY2019: +2.9%GOLF FY2020: -4.1%GOLF FY2021: +33.2%GOLF FY2022: +5.7%GOLF FY2023: +4.9%GOLF FY2024: +3.2%GOLF FY2025: +4.1%FY19FY20FY21FY22FY23FY24FY25
ESCA -4.5%GOLF +4.1%
Free cash flow
ESCA FY2018: $3.7MESCA FY2019: $13.9MESCA FY2020: -$2.8MESCA FY2021: -$8.8MESCA FY2022: $6.4MESCA FY2023: $46.2MESCA FY2024: $34MESCA FY2025: $28.5MGOLF FY2018: $130.9MGOLF FY2019: $101.3MGOLF FY2020: $239.8MGOLF FY2021: $276.5MGOLF FY2022: -$129.2MGOLF FY2023: $296.5MGOLF FY2024: $170.5MGOLF FY2025: $120MFY18FY19FY20FY21FY22FY23FY24FY25
ESCA $28.5MGOLF $120M

Fiscal years as each company reports them; the two may end in different months.

Questions about Escalade and Acushnet

Which is bigger by revenue, Escalade or Acushnet?

Acushnet is bigger by revenue: $2.6B in fiscal 2025, against $240.2M for Escalade in fiscal 2025.

Which keeps more of its revenue as profit, Escalade or Acushnet?

Escalade had a net margin of 5.7% in fiscal 2025; Acushnet had 7.4% in fiscal 2025.

Which grew revenue faster, Escalade or Acushnet?

In their latest fiscal years revenue changed by -4.5% at Escalade and +4.1% at Acushnet.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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