2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $2.1B to $2.6B, increasing; diluted EPS 2.38 to 3.11, increasing.
84
Median gross margin 51.1% over 10y, very stable.
50
Median ROIC 12.5%, above the 12% hurdle in 50% of years.
65
Net debt/EBITDA 2.5x, no material interest expense disclosed.
78
Owner earnings changed +12.2%/yr over up to the ten most recent annual observations.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
Above value if growth stopped todayBelow value if growth stopped today
No price data
$198M
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$78.02
No price data
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.
Among the current top-score group, the median current price is 240% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.
Missing a usable price or zero-growth estimate: ANF.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 4% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
13 years of fundamentals
The business, in plain English
Acushnet Holdings Corp. booked $2.6B of revenue in FY2025 in the Consumer Discretionary sector and kept 47.7% of it as gross profit — a solid-margin business by that measure. After every other cost, 7.4% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $1.5B (FY2014) to $2.6B (FY2025) — about 4.7% a year compounded over 11 years.
It earned 14.0% on invested capital in the latest filed year, FY2025. Across the full 12-year measurable filed record, median ROIC was 12.5%. Over the v3 recent window (10 measurable filed years), median ROIC was 12.5%. The Returns on Capital filter above scores it 50/100.
The balance sheet carried $943M of total debt in FY2025 against $189M of owner earnings — roughly 5.0 years of owner earnings to retire it all. Balance-Sheet Safety scores it 65/100.
Put together: Pricing Power is the strongest of the five filters (84/100) and Returns on Capital the weakest (50/100), which is how GOLF lands at 71/100 — a Narrow moat.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
FY2013–FY2025 · 13 fiscal years, normalized from GOLF’s SEC filings
Sales, as filed$2.6B FY2025Revenue kept after cost of goods47.7% FY2025Standard ROIC or separately labeled Operating ROICStandard ROIC 14.8% FY2025
Exact FY and FY-1 financing invested-capital inputs are required.
Cash an owner could take out$189M FY2025
The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Flagship explainer
How Acushnet Holdings Corp. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
· event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set
Curated 19-manager tier
Who reported holding Acushnet Holdings Corp.
Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.
0 holding0 exited0 not holding0/19 resolved19 not retrieved
Named manager positions and quarter-over-quarter changes
Manager
Reported position
Quarter-over-quarter
Filing accession
Abrams Capital
Not retrieved
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Akre Capital
Not retrieved
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Baupost Group
Not retrieved
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Berkshire Hathaway
Not retrieved
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Brave Warrior Advisors
Not retrieved
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Dodge & Cox
Not retrieved
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First Eagle
Not retrieved
Comparison not retrieved
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Fundsmith
Not retrieved
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Gardner Russo & Quinn
Not retrieved
Comparison not retrieved
Filing not retrieved
Gates Foundation Trust
Not retrieved
Comparison not retrieved
Filing not retrieved
Mairs & Power
Not retrieved
Comparison not retrieved
Filing not retrieved
Markel / Markel-Gayner
Not retrieved
Comparison not retrieved
Filing not retrieved
Oakmark / Harris Associates
Not retrieved
Comparison not retrieved
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Pershing Square
Not retrieved
Comparison not retrieved
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Polen Capital
Not retrieved
Comparison not retrieved
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Sequoia / Ruane Cunniff
Not retrieved
Comparison not retrieved
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Southeastern Asset Management
Not retrieved
Comparison not retrieved
Filing not retrieved
Tweedy, Browne
Not retrieved
Comparison not retrieved
Filing not retrieved
Yacktman Asset Management
Not retrieved
Comparison not retrieved
Filing not retrieved
Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.
Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Oct 15, 2026
Flagship explainer
What Acushnet Holdings Corp. insiders reported
Records still being gathered — partial as of retrieval Oct 15, 2026.
Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.
Moat Score history
28 logged readings since Jul 17, 2026 · append-only, never rewritten
Moat Score over timeLast scored reading of each day, on the 0–100 scale71.2 / 100
Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
Records still being gathered — partial as of retrieval Oct 15, 2026.
Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (6 versus 0). The filing codes alone do not establish that every such row arose from a compensation plan.
Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.
Scroll sideways to see all columns
Insider
Shares owned after
Date
Filing detail
Yoon Yoon Soo (Gene)Director, 10% owner
Grant, award, or other acquisition (A)Table I · Acquired · Common Stock
67.97
$80.55
$5,475
47,634.74
Sep 18, 2026
1 filed lot
Table I · Common Stock: 67.97 shares at $80.55 · code A · owned after 47,634.74 ·
How Acushnet Holdings Corp.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
Point-in-time scores 2016–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight
Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year
How to read this: each dot is what the engine would have scored GOLF on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the reconstructed history shown, GOLF did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.
Consumer Discretionary context
#73 of 487 scored Consumer Discretionary companies, ranked by Moat Score.
Does Acushnet Holdings Corp. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores Acushnet Holdings Corp. (GOLF) 71.2 out of 100 — a Narrow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 78, pricing power 84, returns on capital 50, balance-sheet safety 65, capital allocation 78.
How has GOLF's Moat Score changed over time?
The record logs 28 readings since Jul 17, 2026; the latest reads 71.2 out of 100 (narrow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.
Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell GOLF. See the disclaimer.