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Acushnet vs Johnson Outdoors: revenue, profit, margins and growth compared

Acushnet brought in $2.6B of revenue in fiscal 2025, Johnson Outdoors $592.4M in fiscal 2025. Revenue changed by +4.1% at Acushnet and -0.1% at Johnson Outdoors on the year before, so Acushnet grew faster. Acushnet kept 7.4% of its revenue as net profit, Johnson Outdoors -5.8%. Free cash flow was $120M at Acushnet and $40.2M at Johnson Outdoors.

Side by side, latest fiscal year

GOLFJOUT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (October 3, 2025)
Revenue$2.6B$592.4M
Revenue growth+4.1%-0.1%
Net income$188.5M-$34.3M
Net margin7.4%-5.8%
Free cash flow$120M$40.2M
Free cash flow margin4.7%6.8%
Earnings per share (diluted)$3.11n/a
Cash$50.1M$176.4M
Debt$933.4M$0
Price to earnings26.7n/a
Market value$4.8B$465.6M
Dividend yield1.13%n/a
Rank by revenue in sector#317 of 778 · Consumer discretionary#544 of 778 · Consumer discretionary

Over the years

Revenue
GOLF FY2018: $1.6BGOLF FY2019: $1.7BGOLF FY2020: $1.6BGOLF FY2021: $2.1BGOLF FY2022: $2.3BGOLF FY2023: $2.4BGOLF FY2024: $2.5BGOLF FY2025: $2.6BJOUT FY2018: $544.3MJOUT FY2019: $562.4MJOUT FY2020: $594.2MJOUT FY2021: $751.7MJOUT FY2022: $743.4MJOUT FY2023: $663.8MJOUT FY2024: $592.8MJOUT FY2025: $592.4MFY18FY19FY20FY21FY22FY23FY24FY25
GOLF $2.6BJOUT $592.4M
Net income
GOLF FY2018: $99.9MGOLF FY2019: $121.1MGOLF FY2020: $96MGOLF FY2021: $178.9MGOLF FY2022: $199.3MGOLF FY2023: $198.4MGOLF FY2024: $214.3MGOLF FY2025: $188.5MJOUT FY2018: $40.7MJOUT FY2019: $51.4MJOUT FY2020: $55.2MJOUT FY2021: $83.4MJOUT FY2022: $44.5MJOUT FY2023: $19.5MJOUT FY2024: -$26.5MJOUT FY2025: -$34.3MFY18FY19FY20FY21FY22FY23FY24FY25
GOLF $188.5MJOUT -$34.3M
Net margin
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%JOUT FY2018: 7.5%JOUT FY2019: 9.1%JOUT FY2020: 9.3%JOUT FY2021: 11.1%JOUT FY2022: 6.0%JOUT FY2023: 2.9%JOUT FY2024: -4.5%JOUT FY2025: -5.8%FY18FY19FY20FY21FY22FY23FY24FY25
GOLF 7.4%JOUT -5.8%
Revenue growth
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%JOUT FY2019: +3.3%JOUT FY2020: +5.7%JOUT FY2021: +26.5%JOUT FY2022: -1.1%JOUT FY2023: -10.7%JOUT FY2024: -10.7%JOUT FY2025: -0.1%FY19FY20FY21FY22FY23FY24FY25
GOLF +4.1%JOUT -0.1%
Free cash flow
GOLF FY2018: $130.9MGOLF FY2019: $101.3MGOLF FY2020: $239.8MGOLF FY2021: $276.5MGOLF FY2022: -$129.2MGOLF FY2023: $296.5MGOLF FY2024: $170.5MGOLF FY2025: $120MJOUT FY2018: $44.2MJOUT FY2019: $29.1MJOUT FY2020: $45.9MJOUT FY2021: $36.9MJOUT FY2022: -$93.8MJOUT FY2023: $19MJOUT FY2024: $19MJOUT FY2025: $40.2MFY18FY19FY20FY21FY22FY23FY24FY25
GOLF $120MJOUT $40.2M

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

Questions about Acushnet and Johnson Outdoors

Which is bigger by revenue, Acushnet or Johnson Outdoors?

Acushnet is bigger by revenue: $2.6B in fiscal 2025, against $592.4M for Johnson Outdoors in fiscal 2025.

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

Acushnet had a net margin of 7.4% in fiscal 2025; Johnson Outdoors had -5.8% in fiscal 2025.

Which grew revenue faster, Acushnet or Johnson Outdoors?

In their latest fiscal years revenue changed by +4.1% at Acushnet and -0.1% at Johnson Outdoors.

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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