MODG vs GOLF

For growth investors, Acushnet Holdings Corp.

(GOLF) is the stronger pick with 4. 1% revenue growth year-over-year, versus -1. 1% for Topgolf Callaway Brands Corp. (MODG). Acushnet Holdings Corp. (GOLF) offers the better valuation at 27. 7x trailing P/E (23. 1x forward), making it the more compelling value choice. Analysts rate Topgolf Callaway Brands Corp. (MODG) a "Buy" — based on 23 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

Over the past 5 years, Acushnet Holdings Corp.

(GOLF) delivered a total return of +74. 6%, compared to -59. 3% for Topgolf Callaway Brands Corp. (MODG). Over 10 years, the gap is even starker: GOLF returned +414. 5% versus MODG's +37. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Acushnet Holdings Corp.

(GOLF) is the lower-risk stock at 1. 17β versus Topgolf Callaway Brands Corp. 's 1. 92β — meaning MODG is approximately 63% more volatile than GOLF relative to the S&P 500. On balance sheet safety, Acushnet Holdings Corp. (GOLF) carries a lower debt/equity ratio of 137% versus 172% for Topgolf Callaway Brands Corp. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Acushnet Holdings Corp.

(GOLF) is pulling ahead at 4. 1% versus -1. 1% for Topgolf Callaway Brands Corp. (MODG). On earnings-per-share growth, the picture is similar: Acushnet Holdings Corp. grew EPS -8. 0% year-over-year, compared to -1776. 6% for Topgolf Callaway Brands Corp.. Over a 3-year CAGR, MODG leads at 10. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Acushnet Holdings Corp.

(GOLF) is the more profitable company, earning 7. 4% net margin versus -34. 1% for Topgolf Callaway Brands Corp. — meaning it keeps 7. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GOLF leads at 11. 5% versus -29. 7% for MODG. At the gross margin level — before operating expenses — MODG leads at 62. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

Analyst consensus price targets imply the most upside for MODG: 15.

2% to $14. 50.

In this comparison, GOLF (1.

1% yield) pays a dividend. MODG does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Acushnet Holdings Corp.

(GOLF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 17), 1. 1% yield, +414. 5% 10Y return). Topgolf Callaway Brands Corp. (MODG) carries a higher beta of 1. 92 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (GOLF: +414. 5%, MODG: +37. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

GOLF pays a dividend while MODG does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.