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Side-by-side financial comparison of Acushnet Holdings Corp. (GOLF) and WORTHINGTON ENTERPRISES, INC. (WOR). Click either name above to swap in a different company.

Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $327.5M, roughly 1.5× WORTHINGTON ENTERPRISES, INC.). WORTHINGTON ENTERPRISES, INC. runs the higher net margin — 8.3% vs -7.3%, a 15.7% gap on every dollar of revenue. On growth, WORTHINGTON ENTERPRISES, INC. posted the faster year-over-year revenue change (19.5% vs 7.2%). WORTHINGTON ENTERPRISES, INC. produced more free cash flow last quarter ($39.1M vs $-23.3M).

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.

Worthington Enterprises, Inc. is an American industrial manufacturing company headquartered in Columbus, Ohio. The company is composed of two business segments, consumer products and building products. Within these segments, the company designs and manufactures pressure vessels such as propane, oxygen and helium tanks, refrigerant and industrial cylinders, camping and residential use cylinders, water system tanks for storage, treatment, heating, expansion and flow control, as well as a variet...

GOLF vs WOR — Head-to-Head

Bigger by revenue
GOLF
GOLF
1.5× larger
GOLF
$477.2M
$327.5M
WOR
Growing faster (revenue YoY)
WOR
WOR
+12.3% gap
WOR
19.5%
7.2%
GOLF
Higher net margin
WOR
WOR
15.7% more per $
WOR
8.3%
-7.3%
GOLF
More free cash flow
WOR
WOR
$62.4M more FCF
WOR
$39.1M
$-23.3M
GOLF

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
GOLF
GOLF
WOR
WOR
Revenue
$477.2M
$327.5M
Net Profit
$-34.9M
$27.3M
Gross Margin
44.1%
25.8%
Operating Margin
-3.8%
3.7%
Net Margin
-7.3%
8.3%
Revenue YoY
7.2%
19.5%
Net Profit YoY
-3027.3%
-3.3%
EPS (diluted)
$-0.57
$0.55

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
WOR
WOR
Q4 25
$477.2M
$327.5M
Q3 25
$657.7M
$303.7M
Q2 25
$720.5M
Q1 25
$703.4M
Q4 24
$445.2M
Q3 24
$620.5M
Q2 24
$683.9M
Q1 24
$707.6M
Net Profit
GOLF
GOLF
WOR
WOR
Q4 25
$-34.9M
$27.3M
Q3 25
$48.5M
$35.1M
Q2 25
$75.6M
Q1 25
$99.4M
Q4 24
$-1.1M
Q3 24
$56.2M
Q2 24
$71.4M
Q1 24
$87.8M
Gross Margin
GOLF
GOLF
WOR
WOR
Q4 25
44.1%
25.8%
Q3 25
48.5%
27.1%
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
WOR
WOR
Q4 25
-3.8%
3.7%
Q3 25
14.1%
3.0%
Q2 25
15.2%
Q1 25
16.3%
Q4 24
-1.2%
Q3 24
13.2%
Q2 24
15.5%
Q1 24
17.2%
Net Margin
GOLF
GOLF
WOR
WOR
Q4 25
-7.3%
8.3%
Q3 25
7.4%
11.6%
Q2 25
10.5%
Q1 25
14.1%
Q4 24
-0.3%
Q3 24
9.1%
Q2 24
10.4%
Q1 24
12.4%
EPS (diluted)
GOLF
GOLF
WOR
WOR
Q4 25
$-0.57
$0.55
Q3 25
$0.81
$0.70
Q2 25
$1.25
Q1 25
$1.62
Q4 24
$0.02
Q3 24
$0.89
Q2 24
$1.11
Q1 24
$1.35

Balance Sheet & Financial Strength

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

Metric
GOLF
GOLF
WOR
WOR
Cash + ST InvestmentsLiquidity on hand
$180.3M
Total DebtLower is stronger
$926.2M
Stockholders' EquityBook value
$783.6M
$962.6M
Total Assets
$2.3B
$1.8B
Debt / EquityLower = less leverage
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOLF
GOLF
WOR
WOR
Q4 25
$180.3M
Q3 25
$167.1M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
GOLF
GOLF
WOR
WOR
Q4 25
$926.2M
Q3 25
Q2 25
Q1 25
Q4 24
$753.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GOLF
GOLF
WOR
WOR
Q4 25
$783.6M
$962.6M
Q3 25
$852.3M
$959.1M
Q2 25
$808.5M
Q1 25
$780.3M
Q4 24
$765.2M
Q3 24
$863.9M
Q2 24
$863.7M
Q1 24
$883.7M
Total Assets
GOLF
GOLF
WOR
WOR
Q4 25
$2.3B
$1.8B
Q3 25
$2.4B
$1.7B
Q2 25
$2.4B
Q1 25
$2.4B
Q4 24
$2.2B
Q3 24
$2.3B
Q2 24
$2.3B
Q1 24
$2.4B
Debt / Equity
GOLF
GOLF
WOR
WOR
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
WOR
WOR
Operating Cash FlowLast quarter
$-338.0K
$51.5M
Free Cash FlowOCF − Capex
$-23.3M
$39.1M
FCF MarginFCF / Revenue
-4.9%
11.9%
Capex IntensityCapex / Revenue
4.8%
3.8%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$120.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOLF
GOLF
WOR
WOR
Q4 25
$-338.0K
$51.5M
Q3 25
$163.1M
$41.1M
Q2 25
$151.9M
Q1 25
$-120.3M
Q4 24
$-1.1M
Q3 24
$144.1M
Q2 24
$211.6M
Q1 24
$-109.5M
Free Cash Flow
GOLF
GOLF
WOR
WOR
Q4 25
$-23.3M
$39.1M
Q3 25
$136.9M
$27.9M
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
WOR
WOR
Q4 25
-4.9%
11.9%
Q3 25
20.8%
9.2%
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
WOR
WOR
Q4 25
4.8%
3.8%
Q3 25
4.0%
4.3%
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
WOR
WOR
Q4 25
1.89×
Q3 25
3.36×
1.17×
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
GOLF

Titleist Golf Equipment$293.8M62%
Footjoy Golf Wear$102.0M21%
Other$45.3M9%
Golf Gear$36.1M8%

WOR
WOR

Building Products$207.5M63%
Equity Method Investment Nonconsolidated Investee Other$120.7M37%

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