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Side-by-side financial comparison of Acushnet Holdings Corp. (GOLF) and STARWOOD PROPERTY TRUST, INC. (STWD). Click either name above to swap in a different company.

STARWOOD PROPERTY TRUST, INC. is the larger business by last-quarter revenue ($492.9M vs $477.2M, roughly 1.0× Acushnet Holdings Corp.). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs -7.3%, a 27.0% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs 7.2%). Over the past eight quarters, STARWOOD PROPERTY TRUST, INC.'s revenue compounded faster (-2.9% 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.

Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. Starwood was founded in 1969 as a real estate investment trust named Hotel Investors Trust. In 1995, it was acquired and reorganized by Barry Sternlicht, who was its chairman until 2005 and founder of the Starwood Capital Group. Starwood had 11 brands and owned, managed, or franchised 1,297 properties co...

GOLF vs STWD — Head-to-Head

Bigger by revenue
STWD
STWD
1.0× larger
STWD
$492.9M
$477.2M
GOLF
Growing faster (revenue YoY)
STWD
STWD
+1.3% gap
STWD
8.5%
7.2%
GOLF
Higher net margin
STWD
STWD
27.0% more per $
STWD
19.7%
-7.3%
GOLF
Faster 2-yr revenue CAGR
STWD
STWD
Annualised
STWD
-2.9%
-17.9%
GOLF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GOLF
GOLF
STWD
STWD
Revenue
$477.2M
$492.9M
Net Profit
$-34.9M
$96.9M
Gross Margin
44.1%
Operating Margin
-3.8%
26.6%
Net Margin
-7.3%
19.7%
Revenue YoY
7.2%
8.5%
Net Profit YoY
-3027.3%
87.7%
EPS (diluted)
$-0.57
$0.25

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
STWD
STWD
Q4 25
$477.2M
$492.9M
Q3 25
$657.7M
$488.9M
Q2 25
$720.5M
$444.3M
Q1 25
$703.4M
$418.2M
Q4 24
$445.2M
$454.4M
Q3 24
$620.5M
$479.5M
Q2 24
$683.9M
$489.8M
Q1 24
$707.6M
$523.1M
Net Profit
GOLF
GOLF
STWD
STWD
Q4 25
$-34.9M
$96.9M
Q3 25
$48.5M
$72.6M
Q2 25
$75.6M
$129.8M
Q1 25
$99.4M
$112.3M
Q4 24
$-1.1M
$51.6M
Q3 24
$56.2M
$76.1M
Q2 24
$71.4M
$77.9M
Q1 24
$87.8M
$154.3M
Gross Margin
GOLF
GOLF
STWD
STWD
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 24
53.4%
Operating Margin
GOLF
GOLF
STWD
STWD
Q4 25
-3.8%
26.6%
Q3 25
14.1%
19.1%
Q2 25
15.2%
30.5%
Q1 25
16.3%
28.7%
Q4 24
-1.2%
15.1%
Q3 24
13.2%
17.2%
Q2 24
15.5%
19.1%
Q1 24
17.2%
30.8%
Net Margin
GOLF
GOLF
STWD
STWD
Q4 25
-7.3%
19.7%
Q3 25
7.4%
14.8%
Q2 25
10.5%
29.2%
Q1 25
14.1%
26.8%
Q4 24
-0.3%
11.4%
Q3 24
9.1%
15.9%
Q2 24
10.4%
15.9%
Q1 24
12.4%
29.5%
EPS (diluted)
GOLF
GOLF
STWD
STWD
Q4 25
$-0.57
$0.25
Q3 25
$0.81
$0.19
Q2 25
$1.25
$0.38
Q1 25
$1.62
$0.33
Q4 24
$0.02
$0.15
Q3 24
$0.89
$0.23
Q2 24
$1.11
$0.24
Q1 24
$1.35
$0.48

Balance Sheet & Financial Strength

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

Metric
GOLF
GOLF
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$499.5M
Total DebtLower is stronger
$926.2M
Stockholders' EquityBook value
$783.6M
$6.8B
Total Assets
$2.3B
$63.2B
Debt / EquityLower = less leverage
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOLF
GOLF
STWD
STWD
Q4 25
$499.5M
Q3 25
$301.1M
Q2 25
$259.9M
Q1 25
$440.6M
Q4 24
$377.8M
Q3 24
$357.9M
Q2 24
$259.3M
Q1 24
$327.4M
Total Debt
GOLF
GOLF
STWD
STWD
Q4 25
$926.2M
Q3 25
Q2 25
Q1 25
Q4 24
$753.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GOLF
GOLF
STWD
STWD
Q4 25
$783.6M
$6.8B
Q3 25
$852.3M
$6.9B
Q2 25
$808.5M
$6.4B
Q1 25
$780.3M
$6.4B
Q4 24
$765.2M
$6.4B
Q3 24
$863.9M
$6.5B
Q2 24
$863.7M
$6.2B
Q1 24
$883.7M
$6.3B
Total Assets
GOLF
GOLF
STWD
STWD
Q4 25
$2.3B
$63.2B
Q3 25
$2.4B
$62.4B
Q2 25
$2.4B
$62.4B
Q1 25
$2.4B
$62.2B
Q4 24
$2.2B
$62.6B
Q3 24
$2.3B
$64.2B
Q2 24
$2.3B
$64.1B
Q1 24
$2.4B
$66.2B
Debt / Equity
GOLF
GOLF
STWD
STWD
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
GOLF
GOLF
STWD
STWD
Operating Cash FlowLast quarter
$-338.0K
$488.8M
Free Cash FlowOCF − Capex
$-23.3M
FCF MarginFCF / Revenue
-4.9%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
5.04×
TTM Free Cash FlowTrailing 4 quarters
$120.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOLF
GOLF
STWD
STWD
Q4 25
$-338.0K
$488.8M
Q3 25
$163.1M
$337.6M
Q2 25
$151.9M
$-87.4M
Q1 25
$-120.3M
$238.9M
Q4 24
$-1.1M
$295.6M
Q3 24
$144.1M
$241.8M
Q2 24
$211.6M
$53.3M
Q1 24
$-109.5M
$55.9M
Free Cash Flow
GOLF
GOLF
STWD
STWD
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 24
$-116.8M
FCF Margin
GOLF
GOLF
STWD
STWD
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 24
-16.5%
Capex Intensity
GOLF
GOLF
STWD
STWD
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 24
1.0%
Cash Conversion
GOLF
GOLF
STWD
STWD
Q4 25
5.04×
Q3 25
3.36×
4.65×
Q2 25
2.01×
-0.67×
Q1 25
-1.21×
2.13×
Q4 24
5.72×
Q3 24
2.56×
3.18×
Q2 24
2.96×
0.68×
Q1 24
-1.25×
0.36×

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%

STWD
STWD

Commercial And Residential Lending Segment$335.2M68%
Infrastructure Lending Segment$70.3M14%
Property Segment$57.8M12%
Other$29.7M6%

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