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Side-by-side financial comparison of Acushnet Holdings Corp. (GOLF) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $477.2M, roughly 1.3× Acushnet Holdings Corp.). Cloudflare, Inc. runs the higher net margin — -2.0% vs -7.3%, a 5.3% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 7.2%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $-23.3M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% 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.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
GOLF vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $477.2M | $614.5M |
| Net Profit | $-34.9M | $-12.1M |
| Gross Margin | 44.1% | 73.6% |
| Operating Margin | -3.8% | -8.0% |
| Net Margin | -7.3% | -2.0% |
| Revenue YoY | 7.2% | 33.6% |
| Net Profit YoY | -3027.3% | 6.0% |
| EPS (diluted) | $-0.57 | $-0.03 |
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.
| Q4 25 | $477.2M | $614.5M | ||
| Q3 25 | $657.7M | $562.0M | ||
| Q2 25 | $720.5M | $512.3M | ||
| Q1 25 | $703.4M | $479.1M | ||
| Q4 24 | $445.2M | $459.9M | ||
| Q3 24 | $620.5M | $430.1M | ||
| Q2 24 | $683.9M | $401.0M | ||
| Q1 24 | $707.6M | $378.6M |
| Q4 25 | $-34.9M | $-12.1M | ||
| Q3 25 | $48.5M | $-1.3M | ||
| Q2 25 | $75.6M | $-50.4M | ||
| Q1 25 | $99.4M | $-38.5M | ||
| Q4 24 | $-1.1M | $-12.8M | ||
| Q3 24 | $56.2M | $-15.3M | ||
| Q2 24 | $71.4M | $-15.1M | ||
| Q1 24 | $87.8M | $-35.5M |
| Q4 25 | 44.1% | 73.6% | ||
| Q3 25 | 48.5% | 74.0% | ||
| Q2 25 | 49.2% | 74.9% | ||
| Q1 25 | 47.9% | 75.9% | ||
| Q4 24 | 22.6% | 76.4% | ||
| Q3 24 | 54.4% | 77.7% | ||
| Q2 24 | 54.4% | 77.8% | ||
| Q1 24 | 53.4% | 77.5% |
| Q4 25 | -3.8% | -8.0% | ||
| Q3 25 | 14.1% | -6.7% | ||
| Q2 25 | 15.2% | -13.1% | ||
| Q1 25 | 16.3% | -11.1% | ||
| Q4 24 | -1.2% | -7.5% | ||
| Q3 24 | 13.2% | -7.2% | ||
| Q2 24 | 15.5% | -8.7% | ||
| Q1 24 | 17.2% | -14.4% |
| Q4 25 | -7.3% | -2.0% | ||
| Q3 25 | 7.4% | -0.2% | ||
| Q2 25 | 10.5% | -9.8% | ||
| Q1 25 | 14.1% | -8.0% | ||
| Q4 24 | -0.3% | -2.8% | ||
| Q3 24 | 9.1% | -3.6% | ||
| Q2 24 | 10.4% | -3.8% | ||
| Q1 24 | 12.4% | -9.4% |
| Q4 25 | $-0.57 | $-0.03 | ||
| Q3 25 | $0.81 | $0.00 | ||
| Q2 25 | $1.25 | $-0.15 | ||
| Q1 25 | $1.62 | $-0.11 | ||
| Q4 24 | $0.02 | $-0.05 | ||
| Q3 24 | $0.89 | $-0.04 | ||
| Q2 24 | $1.11 | $-0.04 | ||
| Q1 24 | $1.35 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $943.5M |
| Total DebtLower is stronger | $926.2M | — |
| Stockholders' EquityBook value | $783.6M | $1.5B |
| Total Assets | $2.3B | $6.0B |
| Debt / EquityLower = less leverage | 1.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | — | $147.7M | ||
| Q3 24 | — | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
| Q4 25 | $926.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $753.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $783.6M | $1.5B | ||
| Q3 25 | $852.3M | $1.3B | ||
| Q2 25 | $808.5M | $1.2B | ||
| Q1 25 | $780.3M | $1.4B | ||
| Q4 24 | $765.2M | $1.0B | ||
| Q3 24 | $863.9M | $973.1M | ||
| Q2 24 | $863.7M | $881.5M | ||
| Q1 24 | $883.7M | $797.2M |
| Q4 25 | $2.3B | $6.0B | ||
| Q3 25 | $2.4B | $5.8B | ||
| Q2 25 | $2.4B | $5.6B | ||
| Q1 25 | $2.4B | $3.7B | ||
| Q4 24 | $2.2B | $3.3B | ||
| Q3 24 | $2.3B | $3.1B | ||
| Q2 24 | $2.3B | $2.9B | ||
| Q1 24 | $2.4B | $2.8B |
| Q4 25 | 1.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-338.0K | $190.4M |
| Free Cash FlowOCF − Capex | $-23.3M | $105.2M |
| FCF MarginFCF / Revenue | -4.9% | 17.1% |
| Capex IntensityCapex / Revenue | 4.8% | 13.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $120.0M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-338.0K | $190.4M | ||
| Q3 25 | $163.1M | $167.1M | ||
| Q2 25 | $151.9M | $99.8M | ||
| Q1 25 | $-120.3M | $145.8M | ||
| Q4 24 | $-1.1M | $127.3M | ||
| Q3 24 | $144.1M | $104.7M | ||
| Q2 24 | $211.6M | $74.8M | ||
| Q1 24 | $-109.5M | $73.6M |
| Q4 25 | $-23.3M | $105.2M | ||
| Q3 25 | $136.9M | $82.5M | ||
| Q2 25 | $138.0M | $39.9M | ||
| Q1 25 | $-131.5M | $59.9M | ||
| Q4 24 | $-33.2M | $54.2M | ||
| Q3 24 | $123.7M | $54.5M | ||
| Q2 24 | $196.8M | $45.2M | ||
| Q1 24 | $-116.8M | $41.5M |
| Q4 25 | -4.9% | 17.1% | ||
| Q3 25 | 20.8% | 14.7% | ||
| Q2 25 | 19.2% | 7.8% | ||
| Q1 25 | -18.7% | 12.5% | ||
| Q4 24 | -7.5% | 11.8% | ||
| Q3 24 | 19.9% | 12.7% | ||
| Q2 24 | 28.8% | 11.3% | ||
| Q1 24 | -16.5% | 11.0% |
| Q4 25 | 4.8% | 13.9% | ||
| Q3 25 | 4.0% | 15.1% | ||
| Q2 25 | 1.9% | 11.7% | ||
| Q1 25 | 1.6% | 17.9% | ||
| Q4 24 | 7.2% | 15.9% | ||
| Q3 24 | 3.3% | 11.7% | ||
| Q2 24 | 2.2% | 7.4% | ||
| Q1 24 | 1.0% | 8.5% |
| Q4 25 | — | — | ||
| Q3 25 | 3.36× | — | ||
| Q2 25 | 2.01× | — | ||
| 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
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
