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Side-by-side financial comparison of Acushnet Holdings Corp. (GOLF) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $430.0M, roughly 1.1× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -7.3%, a 14.9% gap on every dollar of revenue. On growth, Acushnet Holdings Corp. posted the faster year-over-year revenue change (7.2% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $-23.3M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
GOLF vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $477.2M | $430.0M |
| Net Profit | $-34.9M | $32.8M |
| Gross Margin | 44.1% | 75.2% |
| Operating Margin | -3.8% | 8.6% |
| Net Margin | -7.3% | 7.6% |
| Revenue YoY | 7.2% | -9.6% |
| Net Profit YoY | -3027.3% | — |
| EPS (diluted) | $-0.57 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $477.2M | $504.3M | ||
| Q3 25 | $657.7M | $381.4M | ||
| Q2 25 | $720.5M | $384.5M | ||
| Q1 25 | $703.4M | $475.6M | ||
| Q4 24 | $445.2M | $490.8M | ||
| Q3 24 | $620.5M | $325.1M | ||
| Q2 24 | $683.9M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-34.9M | $234.6M | ||
| Q3 25 | $48.5M | $43.4M | ||
| Q2 25 | $75.6M | $30.1M | ||
| Q1 25 | $99.4M | $85.4M | ||
| Q4 24 | $-1.1M | $119.1M | ||
| Q3 24 | $56.2M | $-14.4M | ||
| Q2 24 | $71.4M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 44.1% | 79.5% | ||
| Q3 25 | 48.5% | 72.2% | ||
| Q2 25 | 49.2% | 71.5% | ||
| Q1 25 | 47.9% | 78.5% | ||
| Q4 24 | 22.6% | 79.1% | ||
| Q3 24 | 54.4% | 70.2% | ||
| Q2 24 | 54.4% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | -3.8% | 20.7% | ||
| Q3 25 | 14.1% | 3.8% | ||
| Q2 25 | 15.2% | 4.5% | ||
| Q1 25 | 16.3% | 26.7% | ||
| Q4 24 | -1.2% | 29.1% | ||
| Q3 24 | 13.2% | -3.6% | ||
| Q2 24 | 15.5% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | -7.3% | 46.5% | ||
| Q3 25 | 7.4% | 11.4% | ||
| Q2 25 | 10.5% | 7.8% | ||
| Q1 25 | 14.1% | 18.0% | ||
| Q4 24 | -0.3% | 24.3% | ||
| Q3 24 | 9.1% | -4.4% | ||
| Q2 24 | 10.4% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.57 | $0.81 | ||
| Q3 25 | $0.81 | $0.24 | ||
| Q2 25 | $1.25 | $0.17 | ||
| Q1 25 | $1.62 | $0.91 | ||
| Q4 24 | $0.02 | $1.35 | ||
| Q3 24 | $0.89 | $-0.17 | ||
| Q2 24 | $1.11 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $270.0M |
| Total DebtLower is stronger | $926.2M | — |
| Stockholders' EquityBook value | $783.6M | $705.9M |
| Total Assets | $2.3B | $1.6B |
| Debt / EquityLower = less leverage | 1.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | — | $425.8M | ||
| Q3 25 | — | $351.4M | ||
| Q2 25 | — | $411.6M | ||
| Q1 25 | — | $371.7M | ||
| Q4 24 | — | $740.0M | ||
| Q3 24 | — | $703.0M | ||
| Q2 24 | — | $665.1M |
| Q1 26 | — | — | ||
| Q4 25 | $926.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $753.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $783.6M | $787.4M | ||
| Q3 25 | $852.3M | $596.8M | ||
| Q2 25 | $808.5M | $624.5M | ||
| Q1 25 | $780.3M | $611.3M | ||
| Q4 24 | $765.2M | $585.5M | ||
| Q3 24 | $863.9M | $473.0M | ||
| Q2 24 | $863.7M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $2.4B | $1.3B | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $2.2B | $1.8B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.3B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.98× | — | ||
| 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 | $206.5M |
| FCF MarginFCF / Revenue | -4.9% | 48.0% |
| Capex IntensityCapex / Revenue | 4.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $120.0M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-338.0K | $158.4M | ||
| Q3 25 | $163.1M | $56.3M | ||
| Q2 25 | $151.9M | $86.3M | ||
| Q1 25 | $-120.3M | $204.2M | ||
| Q4 24 | $-1.1M | $95.2M | ||
| Q3 24 | $144.1M | $30.5M | ||
| Q2 24 | $211.6M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $-23.3M | $152.4M | ||
| Q3 25 | $136.9M | $51.8M | ||
| Q2 25 | $138.0M | $84.1M | ||
| Q1 25 | $-131.5M | $202.3M | ||
| Q4 24 | $-33.2M | $92.4M | ||
| Q3 24 | $123.7M | $27.4M | ||
| Q2 24 | $196.8M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | -4.9% | 30.2% | ||
| Q3 25 | 20.8% | 13.6% | ||
| Q2 25 | 19.2% | 21.9% | ||
| Q1 25 | -18.7% | 42.5% | ||
| Q4 24 | -7.5% | 18.8% | ||
| Q3 24 | 19.9% | 8.4% | ||
| Q2 24 | 28.8% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 1.2% | ||
| Q3 25 | 4.0% | 1.2% | ||
| Q2 25 | 1.9% | 0.6% | ||
| Q1 25 | 1.6% | 0.4% | ||
| Q4 24 | 7.2% | 0.6% | ||
| Q3 24 | 3.3% | 0.9% | ||
| Q2 24 | 2.2% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | 3.36× | 1.30× | ||
| Q2 25 | 2.01× | 2.87× | ||
| Q1 25 | -1.21× | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | 2.56× | — | ||
| Q2 24 | 2.96× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
