Acushnet vs Peloton Interactive

Add, change or remove companies; up to four.

The short version

Acushnet is the larger business, with $2.6B of revenue in fiscal 2025 against $2.4B for Peloton Interactive.
Acushnet grew revenue faster (4.1%, against −1.8%).
Acushnet kept more of each dollar of sales as operating profit (11.7% operating margin, against 6.6%).
Peloton Interactive turned more of its sales into free cash flow (15.4% FCF margin, against 4.7%).

Latest fiscal year	GOLF · FY25	PTON · FY26
Size
Market cap	$4.9B	$2.3B
Revenue	$2.6B	$2.4B
Free cash flow	$120M	$378M
Net income	$189M	$63.2M
Growth
Revenue growth	4.1%	−1.8%
5-year growth	9.7%	−9.5%
Share count change	−4.8%	11.8%
Profitability
Gross margin	47.7%	52.6%
Operating margin	11.7%	6.6%
Net margin	7.4%	2.6%
FCF margin	4.7%	15.4%
Return on capital	14.7%	—
Return on equity	24.4%	—
Balance sheet
Net debt	$901M	$123M
Net debt / EBITDA	2.5x	0.6x
Dividends and buybacks	$268M	$0.0M
Valuation & quality
P/E	22.1x	—
Piotroski F-score	6	8

Revenue

FY17

GOLF $1.6B

PTON —

FY18

GOLF $1.6B

PTON $435M

FY19

GOLF $1.7B

PTON $915M

FY20

GOLF $1.6B

PTON $1.8B

FY21

GOLF $2.1B

PTON $4.0B

FY22

GOLF $2.3B

PTON $3.6B

FY23

GOLF $2.4B

PTON $2.8B

FY24

GOLF $2.5B

PTON $2.7B

FY25

GOLF $2.6B

PTON $2.5B

FY26

GOLF —

PTON $2.4B

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26

GOLF PTON

Operating margin

FY17

GOLF 10.9%

PTON —

FY18

GOLF 10.6%

PTON −10.9%

FY19

GOLF 11.0%

PTON −22.1%

FY20

GOLF 9.0%

PTON −4.4%

FY21

GOLF 12.1%

PTON −4.7%

FY22

GOLF 12.4%

PTON −76.3%

FY23

GOLF 12.0%

PTON −42.8%

FY24

GOLF 12.4%

PTON −19.6%

FY25

GOLF 11.7%

PTON −1.5%

FY26

GOLF —

PTON 6.6%

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26

GOLF PTON

Free cash flow

FY17

GOLF −$45.9M

PTON —

FY18

GOLF $131M

PTON $21.7M

FY19

GOLF $101M

PTON −$192M

FY20

GOLF $240M

PTON $223M

FY21

GOLF $277M

PTON −$481M

FY22

GOLF −$129M

PTON −$2.4B

FY23

GOLF $296M

PTON −$470M

FY24

GOLF $170M

PTON −$85.8M

FY25

GOLF $120M

PTON $324M

FY26

GOLF —

PTON $378M

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26

GOLF PTON

Return on capital

FY17

GOLF 9.7%

PTON —

FY18

GOLF 9.3%

PTON —

FY19

GOLF 10.8%

PTON —

FY20

GOLF 10.2%

PTON —

FY21

GOLF 16.7%

PTON −33.0%

FY22

GOLF 17.1%

PTON −363.7%

FY23

GOLF 15.5%

PTON —

FY24

GOLF 16.1%

PTON —

FY25

GOLF 14.7%

PTON —

FY26

GOLF —

PTON —

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26

GOLF PTON

Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.