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

TreeHouse Foods, Inc. is the larger business by last-quarter revenue ($840.3M vs $477.2M, roughly 1.8× Acushnet Holdings Corp.). Acushnet Holdings Corp. runs the higher net margin — -7.3% vs -31.6%, a 24.3% gap on every dollar of revenue. On growth, Acushnet Holdings Corp. posted the faster year-over-year revenue change (7.2% vs 0.1%). Over the past eight quarters, TreeHouse Foods, Inc.'s revenue compounded faster (-3.9% 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.

TreeHouse Foods Inc. is a multinational food processing company specializing in producing private label packaged foods headquartered in Oak Brook, Illinois. Created in 2005 and consisting entirely of acquisitions, in 2010 the company had sales of $2 billion and employed over 4,000 people at 20 facilities. Food Processing magazine named TreeHouse Foods their 2010 Processor of the Year, calling them "the biggest company you never heard of". In 2015, the company was the 37th-largest food and bev...

GOLF vs THS — Head-to-Head

Bigger by revenue
THS
THS
1.8× larger
THS
$840.3M
$477.2M
GOLF
Growing faster (revenue YoY)
GOLF
GOLF
+7.1% gap
GOLF
7.2%
0.1%
THS
Higher net margin
GOLF
GOLF
24.3% more per $
GOLF
-7.3%
-31.6%
THS
Faster 2-yr revenue CAGR
THS
THS
Annualised
THS
-3.9%
-17.9%
GOLF

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
GOLF
GOLF
THS
THS
Revenue
$477.2M
$840.3M
Net Profit
$-34.9M
$-265.8M
Gross Margin
44.1%
18.8%
Operating Margin
-3.8%
-30.2%
Net Margin
-7.3%
-31.6%
Revenue YoY
7.2%
0.1%
Net Profit YoY
-3027.3%
-7717.6%
EPS (diluted)
$-0.57
$-5.26

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
THS
THS
Q4 25
$477.2M
Q3 25
$657.7M
$840.3M
Q2 25
$720.5M
$798.0M
Q1 25
$703.4M
$792.0M
Q4 24
$445.2M
$905.7M
Q3 24
$620.5M
$839.1M
Q2 24
$683.9M
$788.5M
Q1 24
$707.6M
$820.7M
Net Profit
GOLF
GOLF
THS
THS
Q4 25
$-34.9M
Q3 25
$48.5M
$-265.8M
Q2 25
$75.6M
$-2.9M
Q1 25
$99.4M
$-31.8M
Q4 24
$-1.1M
$58.7M
Q3 24
$56.2M
$-3.4M
Q2 24
$71.4M
$-16.7M
Q1 24
$87.8M
$-11.7M
Gross Margin
GOLF
GOLF
THS
THS
Q4 25
44.1%
Q3 25
48.5%
18.8%
Q2 25
49.2%
17.4%
Q1 25
47.9%
14.5%
Q4 24
22.6%
19.5%
Q3 24
54.4%
15.6%
Q2 24
54.4%
16.3%
Q1 24
53.4%
13.6%
Operating Margin
GOLF
GOLF
THS
THS
Q4 25
-3.8%
Q3 25
14.1%
-30.2%
Q2 25
15.2%
3.4%
Q1 25
16.3%
-0.7%
Q4 24
-1.2%
8.9%
Q3 24
13.2%
3.8%
Q2 24
15.5%
-0.5%
Q1 24
17.2%
-0.6%
Net Margin
GOLF
GOLF
THS
THS
Q4 25
-7.3%
Q3 25
7.4%
-31.6%
Q2 25
10.5%
-0.4%
Q1 25
14.1%
-4.0%
Q4 24
-0.3%
6.5%
Q3 24
9.1%
-0.4%
Q2 24
10.4%
-2.1%
Q1 24
12.4%
-1.4%
EPS (diluted)
GOLF
GOLF
THS
THS
Q4 25
$-0.57
Q3 25
$0.81
$-5.26
Q2 25
$1.25
$-0.06
Q1 25
$1.62
$-0.63
Q4 24
$0.02
$1.12
Q3 24
$0.89
$-0.07
Q2 24
$1.11
$-0.32
Q1 24
$1.35
$-0.22

Balance Sheet & Financial Strength

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

Metric
GOLF
GOLF
THS
THS
Cash + ST InvestmentsLiquidity on hand
$21.0M
Total DebtLower is stronger
$926.2M
$1.5B
Stockholders' EquityBook value
$783.6M
$1.3B
Total Assets
$2.3B
$3.8B
Debt / EquityLower = less leverage
1.18×
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOLF
GOLF
THS
THS
Q4 25
Q3 25
$21.0M
Q2 25
$17.1M
Q1 25
$16.4M
Q4 24
$289.6M
Q3 24
$102.0M
Q2 24
$105.8M
Q1 24
$191.8M
Total Debt
GOLF
GOLF
THS
THS
Q4 25
$926.2M
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$753.1M
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
GOLF
GOLF
THS
THS
Q4 25
$783.6M
Q3 25
$852.3M
$1.3B
Q2 25
$808.5M
$1.5B
Q1 25
$780.3M
$1.5B
Q4 24
$765.2M
$1.5B
Q3 24
$863.9M
$1.6B
Q2 24
$863.7M
$1.6B
Q1 24
$883.7M
$1.6B
Total Assets
GOLF
GOLF
THS
THS
Q4 25
$2.3B
Q3 25
$2.4B
$3.8B
Q2 25
$2.4B
$4.0B
Q1 25
$2.4B
$3.9B
Q4 24
$2.2B
$4.0B
Q3 24
$2.3B
$4.0B
Q2 24
$2.3B
$3.9B
Q1 24
$2.4B
$4.0B
Debt / Equity
GOLF
GOLF
THS
THS
Q4 25
1.18×
Q3 25
1.18×
Q2 25
0.98×
Q1 25
0.93×
Q4 24
0.98×
0.90×
Q3 24
0.90×
Q2 24
0.90×
Q1 24
0.87×

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
THS
THS
Operating Cash FlowLast quarter
$-338.0K
$38.2M
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.

Operating Cash Flow
GOLF
GOLF
THS
THS
Q4 25
$-338.0K
Q3 25
$163.1M
$38.2M
Q2 25
$151.9M
$-47.2M
Q1 25
$-120.3M
$-53.5M
Q4 24
$-1.1M
$296.2M
Q3 24
$144.1M
$41.4M
Q2 24
$211.6M
$-19.4M
Q1 24
$-109.5M
$-52.4M
Free Cash Flow
GOLF
GOLF
THS
THS
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
$-42.2M
Q1 24
$-116.8M
$-80.7M
FCF Margin
GOLF
GOLF
THS
THS
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%
-5.4%
Q1 24
-16.5%
-9.8%
Capex Intensity
GOLF
GOLF
THS
THS
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%
2.9%
Q1 24
1.0%
3.4%
Cash Conversion
GOLF
GOLF
THS
THS
Q4 25
Q3 25
3.36×
Q2 25
2.01×
Q1 25
-1.21×
Q4 24
5.05×
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%

THS
THS

Retail Grocery Customers$670.6M80%
Food Away From Home And Other$85.3M10%
Co Manufacturing$84.4M10%

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