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Side-by-side financial comparison of Acushnet Holdings Corp. (GOLF) and Howard Hughes Holdings Inc. (HHH). Click either name above to swap in a different company.
Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $235.9M, roughly 2.0× Howard Hughes Holdings Inc.). Howard Hughes Holdings Inc. runs the higher net margin — 3.4% vs -7.3%, a 10.7% gap on every dollar of revenue. On growth, Howard Hughes Holdings Inc. posted the faster year-over-year revenue change (18.4% vs 7.2%). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (-13.8% CAGR vs -17.9%).
The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.
Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.
GOLF vs HHH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $477.2M | $235.9M |
| Net Profit | $-34.9M | $8.1M |
| Gross Margin | 44.1% | — |
| Operating Margin | -3.8% | 121.6% |
| Net Margin | -7.3% | 3.4% |
| Revenue YoY | 7.2% | 18.4% |
| Net Profit YoY | -3027.3% | -25.6% |
| EPS (diluted) | $-0.57 | $0.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $235.9M | ||
| Q4 25 | $477.2M | $624.4M | ||
| Q3 25 | $657.7M | $390.2M | ||
| Q2 25 | $720.5M | $260.9M | ||
| Q1 25 | $703.4M | $199.3M | ||
| Q4 24 | $445.2M | $935.0M | ||
| Q3 24 | $620.5M | $327.1M | ||
| Q2 24 | $683.9M | $317.4M |
| Q1 26 | — | $8.1M | ||
| Q4 25 | $-34.9M | $6.0M | ||
| Q3 25 | $48.5M | $119.5M | ||
| Q2 25 | $75.6M | $-12.1M | ||
| Q1 25 | $99.4M | $10.5M | ||
| Q4 24 | $-1.1M | $156.3M | ||
| Q3 24 | $56.2M | $72.8M | ||
| Q2 24 | $71.4M | $21.1M |
| Q1 26 | — | — | ||
| Q4 25 | 44.1% | — | ||
| Q3 25 | 48.5% | — | ||
| Q2 25 | 49.2% | — | ||
| Q1 25 | 47.9% | — | ||
| Q4 24 | 22.6% | — | ||
| Q3 24 | 54.4% | — | ||
| Q2 24 | 54.4% | — |
| Q1 26 | — | 121.6% | ||
| Q4 25 | -3.8% | 4.2% | ||
| Q3 25 | 14.1% | 48.6% | ||
| Q2 25 | 15.2% | 26.0% | ||
| Q1 25 | 16.3% | 24.0% | ||
| Q4 24 | -1.2% | 33.5% | ||
| Q3 24 | 13.2% | 60.6% | ||
| Q2 24 | 15.5% | 20.4% |
| Q1 26 | — | 3.4% | ||
| Q4 25 | -7.3% | 1.0% | ||
| Q3 25 | 7.4% | 30.6% | ||
| Q2 25 | 10.5% | -4.7% | ||
| Q1 25 | 14.1% | 5.3% | ||
| Q4 24 | -0.3% | 16.7% | ||
| Q3 24 | 9.1% | 22.2% | ||
| Q2 24 | 10.4% | 6.6% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.57 | $0.20 | ||
| Q3 25 | $0.81 | $2.02 | ||
| Q2 25 | $1.25 | $-0.22 | ||
| Q1 25 | $1.62 | $0.21 | ||
| Q4 24 | $0.02 | $3.14 | ||
| Q3 24 | $0.89 | $1.46 | ||
| Q2 24 | $1.11 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.8B |
| Total DebtLower is stronger | $926.2M | — |
| Stockholders' EquityBook value | $783.6M | $3.8B |
| Total Assets | $2.3B | $11.2B |
| Debt / EquityLower = less leverage | 1.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $493.7M | ||
| Q4 24 | — | $596.1M | ||
| Q3 24 | — | $400.7M | ||
| Q2 24 | — | $436.8M |
| Q1 26 | — | — | ||
| Q4 25 | $926.2M | $5.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $753.1M | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $3.8B | ||
| Q4 25 | $783.6M | $3.8B | ||
| Q3 25 | $852.3M | $3.8B | ||
| Q2 25 | $808.5M | $3.6B | ||
| Q1 25 | $780.3M | $2.8B | ||
| Q4 24 | $765.2M | $2.8B | ||
| Q3 24 | $863.9M | $2.6B | ||
| Q2 24 | $863.7M | $3.0B |
| Q1 26 | — | $11.2B | ||
| Q4 25 | $2.3B | $10.6B | ||
| Q3 25 | $2.4B | $10.7B | ||
| Q2 25 | $2.4B | $10.3B | ||
| Q1 25 | $2.4B | $9.3B | ||
| Q4 24 | $2.2B | $9.2B | ||
| Q3 24 | $2.3B | $9.4B | ||
| Q2 24 | $2.3B | $9.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.18× | 1.35× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.98× | 1.85× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-338.0K | — |
| Free Cash FlowOCF − Capex | $-23.3M | — |
| FCF MarginFCF / Revenue | -4.9% | — |
| Capex IntensityCapex / Revenue | 4.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $120.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-338.0K | $360.3M | ||
| Q3 25 | $163.1M | $149.8M | ||
| Q2 25 | $151.9M | $177.3M | ||
| Q1 25 | $-120.3M | $-224.9M | ||
| Q4 24 | $-1.1M | $337.1M | ||
| Q3 24 | $144.1M | $248.3M | ||
| Q2 24 | $211.6M | $-17.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-23.3M | $348.6M | ||
| Q3 25 | $136.9M | $137.7M | ||
| Q2 25 | $138.0M | $169.7M | ||
| Q1 25 | $-131.5M | $-238.4M | ||
| Q4 24 | $-33.2M | $317.1M | ||
| Q3 24 | $123.7M | $238.7M | ||
| Q2 24 | $196.8M | $-25.1M |
| Q1 26 | — | — | ||
| Q4 25 | -4.9% | 55.8% | ||
| Q3 25 | 20.8% | 35.3% | ||
| Q2 25 | 19.2% | 65.1% | ||
| Q1 25 | -18.7% | -119.6% | ||
| Q4 24 | -7.5% | 33.9% | ||
| Q3 24 | 19.9% | 73.0% | ||
| Q2 24 | 28.8% | -7.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 1.9% | ||
| Q3 25 | 4.0% | 3.1% | ||
| Q2 25 | 1.9% | 2.9% | ||
| Q1 25 | 1.6% | 6.8% | ||
| Q4 24 | 7.2% | 2.1% | ||
| Q3 24 | 3.3% | 2.9% | ||
| Q2 24 | 2.2% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 60.04× | ||
| Q3 25 | 3.36× | 1.25× | ||
| Q2 25 | 2.01× | — | ||
| Q1 25 | -1.21× | -21.35× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | 2.56× | 3.41× | ||
| Q2 24 | 2.96× | -0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
HHH
| Rental revenue | $113.5M | 48% |
| Master Planned Communities land sales | $99.6M | 42% |
| Other revenues | $11.0M | 5% |
| Builder price participation | $8.7M | 4% |
| Condominium rights and unit sales | $3.1M | 1% |
