GOLF vs JOUT vs CALY Stock Comparison

Acushnet Holdings, Johnson Outdoors and Callaway Golf Prices as of Oct 27, 2026 Peers: Industry group
GOLF Acushnet Holdings Corp.
$82.51 -0.6% 1M +0.6% 1Y
Market cap
$4.94B
P/E
22.5x
Revenue (TTM)
$2.71B
Div. yield
0.01%
Sporting Goods Consumer Discretionary
5 wins
JOUT Johnson Outdoors Inc
$45.18 +1.7% 1M +4.5% 1Y
Market cap
$463.07M
P/E
–
Revenue (TTM)
$660.91M
Div. yield
0.03%
Sporting Goods Consumer Discretionary
2 wins
CALY Callaway Golf Co
$14.43 -0.1% 1M +44.0% 1Y
Market cap
$2.60B
P/E
–
Revenue (TTM)
$2.13B
Div. yield
–
Sporting Goods Consumer Discretionary
4 wins

Head to Head

11 decided of 12

Acushnet Holdings leads on 5 of the 12 questions below (Acushnet Holdings 5, Callaway Golf 4, Johnson Outdoors 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGOLFJOUTCALYLeader
Larger companyMarket capitalisation $4.94B $463.07M $2.60B GOLF
Cheaper on earningsLower P/E, profitable companies only 22.5x -57.9x -9.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.1x 37.0x 20.0x CALY
Faster revenue growthRevenue growth, trailing twelve months +8.8% +17.5% +3.7% JOUT
More profitableNet margin, trailing twelve months 8.1% -1.2% -12.4% GOLF
Better return on capitalReturn on invested capital 14.4% — 5.4% GOLF
Less leveragedLower net debt / EBITDA 2.1x — -1.6x CALY
Higher dividend yieldTrailing dividend yield 0.01% 0.03% 0.00% JOUT
Better 1-year returnPrice return, last 12 months +0.6% +4.5% +44.0% CALY
Better 5-year returnAnnualised price return, 5 years +10.7%/yr -15.6%/yr -11.7%/yr GOLF
Less volatileAnnualised volatility, 1 year 30.1% 35.3% 50.8% GOLF
Higher overall scoreMean of the five percentile scores vs peers 53/100 57/100 68/100 CALY

Percentile Scorecard

GOLFJOUTCALY

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisGOLFJOUTCALY
Valuation 30 #24 of 34 88 #5 of 34 76 #9 of 34
Growth 52 #16 of 32 36 #21 of 32 39 #20 of 32
Profitability 90 #4 of 32 61 #13 of 32 68 #11 of 32
Financial Health 38 #21 of 33 66 #12 of 33 75 #9 of 33
Shareholder Returns 53 #9 of 18 35 #12 of 18 82 #4 of 18
Overall 53 57 68
  • GOLF ranked among 34 companies in Leisure Products
  • JOUT ranked among 34 companies in Leisure Products
  • CALY ranked among 34 companies in Leisure Products

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodGOLFJOUTCALYSPY
1 month -0.6%+1.7%-0.1% -0.2%
3 months -20.0%-5.3%-20.9% +3.9%
6 months -15.2%-14.9%-6.5% +8.2%
Year to date +3.4%+6.4%+23.7% +12.9%
1 year +0.6%+4.5%+44.0% +12.3%
3 years +66.3%-5.5%+19.0% +87.4%
3 years, per year +18.5%-1.9%+6.0% +23.3%
5 years +65.8%-57.3%-46.4% +67.9%
5 years, per year +10.7%-15.6%-11.7% +10.9%
10 years —+25.9%+42.7% +261.1%
10 years, per year —+2.3%+3.6% +13.7%

Risk

MeasureGOLFJOUTCALYSPY
Volatility, 1Y 30.1%35.3%50.8% 12.7%
Downside volatility, 1Y 30.2%37.9%46.4% 12.7%
Beta vs S&P 500, 1Y 0.580.621.24 1.00
Return / volatility, 1Y 0.020.130.87 0.97
Max drawdown, 5Y -34.2%-81.3%-81.8% -25.4%
From 52-week high -30.4%-15.6%-26.6% -1.2%
52-week high $118.53$53.50$19.66 $779.14
52-week low $75.29$36.94$8.81 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleGOLFJOUTCALY
P/E now vs peer median 22.4xmedian 17.8x -58.3xmedian 17.8x -9.8xmedian 17.8x
P/S now vs peer median 1.8xmedian 1.1x 0.7xmedian 1.1x 1.2xmedian 1.1x
EV/EBITDA now vs peer median 13.4xmedian 9.4x 7.8xmedian 9.4x 17.0xmedian 9.4x
P/FCF now vs peer median 26.2xmedian 10.2x 15.8xmedian 10.2x 7.6xmedian 10.2x
P/B now vs peer median 5.2xmedian 1.4x 1.1xmedian 1.4x 1.2xmedian 1.4x
PEG now vs peer median 4.82median 0.32 1.97median 0.32 0.15median 0.32

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsGOLFJOUTCALY
Revenue $2.71B $660.91M $2.13B
Gross profit $1.33B $262.15M $1.01B
Operating income $371.75M $17.60M $203.70M
Net income $220.35M -$7.99M -$263.40M
Free cash flow $183.74M $29.89M $338.70M
R&D $78.67M $34.05M $55.40M
EPS (diluted) $3.67 $-0.77 $-1.39
Cash & equivalents $67.94M $175.25M $278.10M
Total debt $960.07M – $50.80M
Shares (diluted) 59.93M 10.39M 190.10M
Enterprise value $4.68B -$127.18M $50.26M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricGOLFJOUTCALY
P/E 22.4x -58.3x -9.8x
P/FCF 26.2x 15.8x 7.6x
P/Operating cash flow 17.8x 9.4x 6.9x
P/S 1.8x 0.7x 1.2x
P/B 5.2x 1.1x 1.2x
P/Tangible book 11.5x 1.1x 1.2x
EV/EBITDA 13.4x 7.8x 17.0x
EV/EBIT 15.4x 17.0x 11.5x
EV/Revenue 2.1x 0.5x 1.1x
EV/FCF 31.1x 10.0x 6.9x
EV/Operating cash flow 21.1x 5.9x 6.3x
PEG (3Y EPS CAGR) 4.82 1.97 0.15

Growth

14 metrics
MetricGOLFJOUTCALY
Revenue growth (1Y) 8.8% 17.5% 3.7%
Revenue CAGR (3Y) 4.4% -4.7% -20.2%
Gross profit growth (1Y) 10.6% 42.6% 4.4%
Gross profit CAGR (3Y) 5.8% -2.7% -28.5%
Operating income growth (1Y) 23.4% 134.6% 23.6%
Operating income CAGR (3Y) 5.2% -28.2% -4.0%
Net income growth (1Y) -4.2% 79.8% 82.4%
Net income CAGR (3Y) -0.4% -29.6% -64.3%
EPS growth (1Y) -3.8% 80.0% 82.8%
EPS CAGR (3Y) 4.7% -29.5% -66.0%
Operating cash flow growth (1Y) 54.8% -2.9% 36.9%
Operating cash flow CAGR (3Y) 23.8% -10.2% 254.0%
Free cash flow growth (1Y) 89.5% -13.4% -5.1%
Free cash flow CAGR (3Y) 35.2% -11.8% 37.6%

Profitability

14 metrics
MetricGOLFJOUTCALY
Gross margin 49.1% 39.7% 47.5%
EBITDA margin 15.7% 5.8% 6.5%
Operating margin 13.7% 2.7% 9.6%
Pretax margin 10.9% 4.1% 12.2%
Net margin 8.1% -1.2% -12.4%
FCF margin 6.8% 4.5% 15.9%
Operating cash flow margin 10.0% 7.6% 17.5%
Return on equity 25.1% -1.9% -8.3%
Return on assets 8.5% -1.3% -5.9%
Return on invested capital 14.4% – 5.4%
Return on capital employed 17.8% 3.5% 7.9%
Asset turnover 1.0x 1.0x 0.7x
Cash conversion (OCF / net income) 1.2x -6.3x -1.4x
Stock comp / revenue 1.2% 0.5% 1.2%

Financial Health

11 metrics
MetricGOLFJOUTCALY
Debt / assets 37.3% – 1.8%
Debt / equity 1.0x – 0.0x
Net debt / EBITDA 2.1x – -1.6x
Debt / FCF 5.2x – 0.1x
Liabilities / assets 64.1% 33.6% 22.3%
Equity / assets 35.9% 66.4% 77.7%
Interest coverage – 81.8x 4.5x
Current ratio 2.6x 3.4x 3.0x
Quick ratio 1.1x 1.9x 1.4x
Cash ratio 0.1x 1.3x 0.7x
Altman Z-score 3.80 3.71 3.49

Shareholder Returns

7 metrics
MetricGOLFJOUTCALY
Dividend yield 1.2% 2.9% –
Net buyback yield 2.3% 0.0% 3.3%
Shareholder yield 3.6% 2.9% 3.3%
Payout ratio (earnings) 26.5% -170.4% –
Payout ratio (FCF) 31.7% 45.6% –
Dividend growth (1Y) 6.3% 1.0% –
Dividend CAGR (3Y) 3.4% 3.1% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusGOLFJOUTCALY
Forward P/E 21.1xFY2026 37.0xFY2026 20.0xFY2026
EPS, next fiscal year $3.91FY2026 $1.22FY2026 $0.72FY2026
EPS growth, next FY +25.7%FY2026 – +242.9%FY2026
EPS growth, the year after +2.0% +20.5% +31.9%
Revenue, next fiscal year $2.60BFY2026 $624.76MFY2026 $2.02BFY2026
Revenue growth, next FY +1.4%FY2026 +5.5%FY2026 -2.1%FY2026
Revenue growth, the year after +10.4% +13.5% +1.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGOLFJOUTCALY
Held by institutions 53.9% 62.1% 86.2%
Institutions holding 340 136 316
Change in shares held, QoQ -0.7% +2.4% +0.7%
Institutions buying 150 77 170
Institutions selling 130 39 92
Buyers to sellers 1.15 1.97 1.85

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

GOLFJOUTCALY
GOLF 1.00 0.39 0.51
JOUT 0.39 1.00 0.28
CALY 0.51 0.28 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GOLF, JOUT and CALY?

Acushnet Holdings (GOLF) is the largest by market capitalisation: Acushnet Holdings (GOLF) $4.94B, Johnson Outdoors (JOUT) $463.07M, Callaway Golf (CALY) $2.60B.

Which company is growing faster?

Johnson Outdoors (JOUT) grew revenue fastest over the trailing twelve months: Acushnet Holdings (GOLF) +8.8%, Johnson Outdoors (JOUT) +17.5%, Callaway Golf (CALY) +3.7%.

Which company is more profitable?

Acushnet Holdings (GOLF) has the highest net margin (Acushnet Holdings (GOLF) 8.1%, Johnson Outdoors (JOUT) -1.2%, Callaway Golf (CALY) -12.4%). On return on invested capital, Acushnet Holdings (GOLF) leads (Acushnet Holdings (GOLF) 14.4%, Callaway Golf (CALY) 5.4%).

Which stock has performed better?

Over the past year Callaway Golf (CALY) returned the most: Acushnet Holdings (GOLF) +0.6%, Johnson Outdoors (JOUT) +4.5%, Callaway Golf (CALY) +44.0%. Over five years, Acushnet Holdings (GOLF) compounded fastest (Acushnet Holdings (GOLF) +10.7%/yr, Johnson Outdoors (JOUT) -15.6%/yr, Callaway Golf (CALY) -11.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Johnson Outdoors (JOUT) has the highest dividend yield: Acushnet Holdings (GOLF) 0.01%, Johnson Outdoors (JOUT) 0.03%, Callaway Golf (CALY) 0.00%. Callaway Golf (CALY) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Acushnet Holdings (GOLF) has been the steadiest (Acushnet Holdings (GOLF) 30.1%, Johnson Outdoors (JOUT) 35.3%, Callaway Golf (CALY) 50.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GOLF, JOUT and CALY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Acushnet Holdings (GOLF) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.