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Side-by-side financial comparison of Acushnet Holdings Corp. (GOLF) and McGraw Hill, Inc. (MH). Click either name above to swap in a different company.

Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $434.2M, roughly 1.1× McGraw Hill, Inc.). McGraw Hill, Inc. runs the higher net margin — -4.7% vs -7.3%, a 2.7% gap on every dollar of revenue. On growth, Acushnet Holdings Corp. posted the faster year-over-year revenue change (7.2% vs -35.1%). McGraw Hill, Inc. produced more free cash flow last quarter ($285.4M vs $-23.3M).

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.

McGraw Hill, Inc. is an American education science company that provides educational content, software, and services for students and educators across various levels—from K-12 to higher education and professional settings. They produce textbooks, digital learning tools, and adaptive technology to enhance learning experiences and outcomes. It is one of the "big three" educational publishers along with Houghton Mifflin Harcourt and Pearson Education. McGraw Hill also publishes reference and tra...

GOLF vs MH — Head-to-Head

Bigger by revenue
GOLF
GOLF
1.1× larger
GOLF
$477.2M
$434.2M
MH
Growing faster (revenue YoY)
GOLF
GOLF
+42.3% gap
GOLF
7.2%
-35.1%
MH
Higher net margin
MH
MH
2.7% more per $
MH
-4.7%
-7.3%
GOLF
More free cash flow
MH
MH
$308.7M more FCF
MH
$285.4M
$-23.3M
GOLF

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
GOLF
GOLF
MH
MH
Revenue
$477.2M
$434.2M
Net Profit
$-34.9M
$-20.2M
Gross Margin
44.1%
85.3%
Operating Margin
-3.8%
7.0%
Net Margin
-7.3%
-4.7%
Revenue YoY
7.2%
-35.1%
Net Profit YoY
-3027.3%
-119.2%
EPS (diluted)
$-0.57
$-0.11

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.

Revenue
GOLF
GOLF
MH
MH
Q4 25
$477.2M
$434.2M
Q3 25
$657.7M
$669.2M
Q2 25
$720.5M
$535.7M
Q1 25
$703.4M
Q4 24
$445.2M
Q3 24
$620.5M
Q2 24
$683.9M
Q1 24
$707.6M
Net Profit
GOLF
GOLF
MH
MH
Q4 25
$-34.9M
$-20.2M
Q3 25
$48.5M
$105.3M
Q2 25
$75.6M
$502.0K
Q1 25
$99.4M
Q4 24
$-1.1M
Q3 24
$56.2M
Q2 24
$71.4M
Q1 24
$87.8M
Gross Margin
GOLF
GOLF
MH
MH
Q4 25
44.1%
85.3%
Q3 25
48.5%
79.2%
Q2 25
49.2%
77.0%
Q1 25
47.9%
Q4 24
22.6%
Q3 24
54.4%
Q2 24
54.4%
Q1 24
53.4%
Operating Margin
GOLF
GOLF
MH
MH
Q4 25
-3.8%
7.0%
Q3 25
14.1%
23.4%
Q2 25
15.2%
18.0%
Q1 25
16.3%
Q4 24
-1.2%
Q3 24
13.2%
Q2 24
15.5%
Q1 24
17.2%
Net Margin
GOLF
GOLF
MH
MH
Q4 25
-7.3%
-4.7%
Q3 25
7.4%
15.7%
Q2 25
10.5%
0.1%
Q1 25
14.1%
Q4 24
-0.3%
Q3 24
9.1%
Q2 24
10.4%
Q1 24
12.4%
EPS (diluted)
GOLF
GOLF
MH
MH
Q4 25
$-0.57
$-0.11
Q3 25
$0.81
$0.57
Q2 25
$1.25
$0.00
Q1 25
$1.62
Q4 24
$0.02
Q3 24
$0.89
Q2 24
$1.11
Q1 24
$1.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GOLF
GOLF
MH
MH
Cash + ST InvestmentsLiquidity on hand
$514.4M
Total DebtLower is stronger
$926.2M
$2.6B
Stockholders' EquityBook value
$783.6M
$775.3M
Total Assets
$2.3B
$5.6B
Debt / EquityLower = less leverage
1.18×
3.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOLF
GOLF
MH
MH
Q4 25
$514.4M
Q3 25
$463.2M
Q2 25
$247.3M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
GOLF
GOLF
MH
MH
Q4 25
$926.2M
$2.6B
Q3 25
$2.8B
Q2 25
$3.2B
Q1 25
Q4 24
$753.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GOLF
GOLF
MH
MH
Q4 25
$783.6M
$775.3M
Q3 25
$852.3M
$794.6M
Q2 25
$808.5M
$283.3M
Q1 25
$780.3M
Q4 24
$765.2M
Q3 24
$863.9M
Q2 24
$863.7M
Q1 24
$883.7M
Total Assets
GOLF
GOLF
MH
MH
Q4 25
$2.3B
$5.6B
Q3 25
$2.4B
$6.0B
Q2 25
$2.4B
$5.7B
Q1 25
$2.4B
Q4 24
$2.2B
Q3 24
$2.3B
Q2 24
$2.3B
Q1 24
$2.4B
Debt / Equity
GOLF
GOLF
MH
MH
Q4 25
1.18×
3.36×
Q3 25
3.52×
Q2 25
11.17×
Q1 25
Q4 24
0.98×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GOLF
GOLF
MH
MH
Operating Cash FlowLast quarter
$-338.0K
$309.0M
Free Cash FlowOCF − Capex
$-23.3M
$285.4M
FCF MarginFCF / Revenue
-4.9%
65.7%
Capex IntensityCapex / Revenue
4.8%
5.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$120.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOLF
GOLF
MH
MH
Q4 25
$-338.0K
$309.0M
Q3 25
$163.1M
$265.0M
Q2 25
$151.9M
$-96.7M
Q1 25
$-120.3M
Q4 24
$-1.1M
Q3 24
$144.1M
Q2 24
$211.6M
Q1 24
$-109.5M
Free Cash Flow
GOLF
GOLF
MH
MH
Q4 25
$-23.3M
$285.4M
Q3 25
$136.9M
$243.8M
Q2 25
$138.0M
$-112.9M
Q1 25
$-131.5M
Q4 24
$-33.2M
Q3 24
$123.7M
Q2 24
$196.8M
Q1 24
$-116.8M
FCF Margin
GOLF
GOLF
MH
MH
Q4 25
-4.9%
65.7%
Q3 25
20.8%
36.4%
Q2 25
19.2%
-21.1%
Q1 25
-18.7%
Q4 24
-7.5%
Q3 24
19.9%
Q2 24
28.8%
Q1 24
-16.5%
Capex Intensity
GOLF
GOLF
MH
MH
Q4 25
4.8%
5.4%
Q3 25
4.0%
3.2%
Q2 25
1.9%
3.0%
Q1 25
1.6%
Q4 24
7.2%
Q3 24
3.3%
Q2 24
2.2%
Q1 24
1.0%
Cash Conversion
GOLF
GOLF
MH
MH
Q4 25
Q3 25
3.36×
2.52×
Q2 25
2.01×
-192.53×
Q1 25
-1.21×
Q4 24
Q3 24
2.56×
Q2 24
2.96×
Q1 24
-1.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GOLF
GOLF

Titleist Golf Equipment$293.8M62%
Footjoy Golf Wear$102.0M21%
Other$45.3M9%
Golf Gear$36.1M8%

MH
MH

Higher Education$225.4M52%
Digital$103.5M24%
Other$44.4M10%
Global Professional$36.2M8%
Print$24.7M6%

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