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Side-by-side financial comparison of Acushnet Holdings Corp. (GOLF) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($939.4M vs $477.2M, roughly 2.0× Acushnet Holdings Corp.). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs -7.3%, a 30.6% gap on every dollar of revenue. On growth, Acushnet Holdings Corp. posted the faster year-over-year revenue change (7.2% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% 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.
New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
GOLF vs NJR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $477.2M | $939.4M |
| Net Profit | $-34.9M | $218.9M |
| Gross Margin | 44.1% | — |
| Operating Margin | -3.8% | 32.0% |
| Net Margin | -7.3% | 23.3% |
| Revenue YoY | 7.2% | -33.0% |
| Net Profit YoY | -3027.3% | 7.2% |
| EPS (diluted) | $-0.57 | $2.16 |
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 | — | $939.4M | ||
| Q4 25 | $477.2M | $440.9M | ||
| Q3 25 | $657.7M | $188.3M | ||
| Q2 25 | $720.5M | $234.8M | ||
| Q1 25 | $703.4M | $569.2M | ||
| Q4 24 | $445.2M | $359.0M | ||
| Q3 24 | $620.5M | $265.7M | ||
| Q2 24 | $683.9M | $209.9M |
| Q1 26 | — | $218.9M | ||
| Q4 25 | $-34.9M | $122.5M | ||
| Q3 25 | $48.5M | $15.1M | ||
| Q2 25 | $75.6M | $-15.1M | ||
| Q1 25 | $99.4M | $204.3M | ||
| Q4 24 | $-1.1M | $131.3M | ||
| Q3 24 | $56.2M | $91.1M | ||
| Q2 24 | $71.4M | $-11.6M |
| 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 | — | 32.0% | ||
| Q4 25 | -3.8% | 40.6% | ||
| Q3 25 | 14.1% | 21.5% | ||
| Q2 25 | 15.2% | -0.5% | ||
| Q1 25 | 16.3% | 49.2% | ||
| Q4 24 | -1.2% | 52.8% | ||
| Q3 24 | 13.2% | 55.0% | ||
| Q2 24 | 15.5% | 2.8% |
| Q1 26 | — | 23.3% | ||
| Q4 25 | -7.3% | 27.8% | ||
| Q3 25 | 7.4% | 8.0% | ||
| Q2 25 | 10.5% | -6.4% | ||
| Q1 25 | 14.1% | 35.9% | ||
| Q4 24 | -0.3% | 36.6% | ||
| Q3 24 | 9.1% | 34.3% | ||
| Q2 24 | 10.4% | -5.5% |
| Q1 26 | — | $2.16 | ||
| Q4 25 | $-0.57 | $1.21 | ||
| Q3 25 | $0.81 | $0.15 | ||
| Q2 25 | $1.25 | $-0.15 | ||
| Q1 25 | $1.62 | $2.02 | ||
| Q4 24 | $0.02 | $1.31 | ||
| Q3 24 | $0.89 | $0.91 | ||
| Q2 24 | $1.11 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $926.2M | — |
| Stockholders' EquityBook value | $783.6M | — |
| Total Assets | $2.3B | — |
| Debt / EquityLower = less leverage | 1.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $2.4M | ||
| Q3 25 | — | $591.0K | ||
| Q2 25 | — | $931.0K | ||
| Q1 25 | — | $83.7M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | $1.0M | ||
| Q2 24 | — | $22.4M |
| Q1 26 | — | — | ||
| Q4 25 | $926.2M | $3.3B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $753.1M | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | $783.6M | $2.5B | ||
| Q3 25 | $852.3M | $2.4B | ||
| Q2 25 | $808.5M | $2.4B | ||
| Q1 25 | $780.3M | $2.5B | ||
| Q4 24 | $765.2M | $2.3B | ||
| Q3 24 | $863.9M | $2.2B | ||
| Q2 24 | $863.7M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $7.9B | ||
| Q3 25 | $2.4B | $7.6B | ||
| Q2 25 | $2.4B | $7.3B | ||
| Q1 25 | $2.4B | $7.3B | ||
| Q4 24 | $2.2B | $7.2B | ||
| Q3 24 | $2.3B | $7.0B | ||
| Q2 24 | $2.3B | $6.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.18× | 1.32× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 0.98× | 1.29× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.30× |
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 | $26.7M | ||
| Q3 25 | $163.1M | $81.2M | ||
| Q2 25 | $151.9M | $-28.9M | ||
| Q1 25 | $-120.3M | $423.0M | ||
| Q4 24 | $-1.1M | $-9.0M | ||
| Q3 24 | $144.1M | $64.5M | ||
| Q2 24 | $211.6M | $24.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-23.3M | — | ||
| Q3 25 | $136.9M | — | ||
| Q2 25 | $138.0M | — | ||
| Q1 25 | $-131.5M | — | ||
| Q4 24 | $-33.2M | — | ||
| Q3 24 | $123.7M | — | ||
| Q2 24 | $196.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | -4.9% | — | ||
| Q3 25 | 20.8% | — | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | -18.7% | — | ||
| Q4 24 | -7.5% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 28.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 2.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.22× | ||
| Q3 25 | 3.36× | 5.39× | ||
| Q2 25 | 2.01× | — | ||
| Q1 25 | -1.21× | 2.07× | ||
| Q4 24 | — | -0.07× | ||
| Q3 24 | 2.56× | 0.71× | ||
| Q2 24 | 2.96× | — |
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% |
NJR
| Utility | $640.9M | 68% |
| Nonutility | $298.5M | 32% |
