Callaway Golf Company

NYSE:CALY Stock Report

Market Cap: US$2.6b

Callaway Golf Past Earnings Performance

Past criteria checks 2/6

Callaway Golf's earnings have been declining at an average annual rate of -67.6%, while the Leisure industry saw earnings declining at 2% annually. Revenues have been growing at an average rate of 7% per year. Callaway Golf's return on equity is 1.9%, and it has net margins of 1.9%.

Key information

-67.58%

Earnings growth rate

-65.77%

EPS growth rate

Leisure Industry Growth16.88%
Revenue growth rate6.99%
Return on equity1.88%
Net Margin1.88%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

Topgolf Callaway Brands Stunning Rise Necessitates A Recalibration

Jan 15

Revenues Not Telling The Story For Topgolf Callaway Brands Corp. (NYSE:MODG) After Shares Rise 27%

Jan 15
Revenues Not Telling The Story For Topgolf Callaway Brands Corp. (NYSE:MODG) After Shares Rise 27%

Topgolf Callaway Brands Corp.'s (NYSE:MODG) Shares Climb 27% But Its Business Is Yet to Catch Up

Nov 27
Topgolf Callaway Brands Corp.'s (NYSE:MODG) Shares Climb 27% But Its Business Is Yet to Catch Up

Topgolf Callaway Brands Corp. (NYSE:MODG) Held Back By Insufficient Growth Even After Shares Climb 26%

Jul 26
Topgolf Callaway Brands Corp. (NYSE:MODG) Held Back By Insufficient Growth Even After Shares Climb 26%

Topgolf Callaway Brands Corp.'s (NYSE:MODG) Shares Leap 26% Yet They're Still Not Telling The Full Story

May 13
Topgolf Callaway Brands Corp.'s (NYSE:MODG) Shares Leap 26% Yet They're Still Not Telling The Full Story

Is Topgolf Callaway Brands (NYSE:MODG) Using Too Much Debt?

May 08
Is Topgolf Callaway Brands (NYSE:MODG) Using Too Much Debt?

Why Topgolf Callaway Brands Corp. (NYSE:MODG) Could Be Worth Watching

Apr 01
Why Topgolf Callaway Brands Corp. (NYSE:MODG) Could Be Worth Watching

Topgolf Callaway: Why Investors Should Take A Swing

Mar 06

Topgolf Callaway: Q4 Preview, A Costly Mistake With No Clear Turnaround - 'Sell'

Feb 22

Market Cool On Topgolf Callaway Brands Corp.'s (NYSE:MODG) Revenues

Feb 16
Market Cool On Topgolf Callaway Brands Corp.'s (NYSE:MODG) Revenues

Topgolf Callaway Brands: A Bogey At These Prices Looks Improbable

Dec 29

Topgolf Callaway Brands (NYSE:MODG) Use Of Debt Could Be Considered Risky

Dec 07
Topgolf Callaway Brands (NYSE:MODG) Use Of Debt Could Be Considered Risky

Topgolf Callaway Brands: No Signs Of Recovery In Sight

Nov 24
User avatar

Critical Review And Digital Investments Poised To Propel Future Growth And Market Leadership

Strategic review and investments in digital capabilities at Topgolf aim to enhance shareholder value and increase revenue through higher venue traffic.

Topgolf Callaway: Concerning Traffic Decline At Topgolf

Aug 16

Topgolf Callaway Brands Corp.'s (NYSE:MODG) P/E Still Appears To Be Reasonable

Aug 01
Topgolf Callaway Brands Corp.'s (NYSE:MODG) P/E Still Appears To Be Reasonable

Why Topgolf Callaway Brands Corp. (NYSE:MODG) Could Be Worth Watching

Jul 11
Why Topgolf Callaway Brands Corp. (NYSE:MODG) Could Be Worth Watching

Topgolf Callaway's Growth Likely Isn't On A Sustainable Foundation

May 31

Should Shareholders Reconsider Topgolf Callaway Brands Corp.'s (NYSE:MODG) CEO Compensation Package?

May 24
Should Shareholders Reconsider Topgolf Callaway Brands Corp.'s (NYSE:MODG) CEO Compensation Package?

Topgolf Callaway Brands (NYSE:MODG) Has No Shortage Of Debt

May 06
Topgolf Callaway Brands (NYSE:MODG) Has No Shortage Of Debt

Revenue & Expenses Breakdown

How Callaway Golf makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:CALY Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 252,0603966966
30 Sep 254,061-1,50595985
30 Jun 254,140-1,49499186
31 Mar 254,187-1,4521,02190
31 Dec 242,0789366964
30 Sep 244,212-121,04391
30 Jun 244,240211,03892
31 Mar 244,262771,06490
31 Dec 232,13310066962
30 Sep 234,239991,06988
30 Jun 234,1871081,05585
31 Mar 234,123961,02682
31 Dec 223,9961581,00176
30 Sep 223,85620498875
30 Jun 223,72415097471
31 Mar 223,52213692173
31 Dec 213,13332285968
30 Sep 212,79630874862
30 Jun 212,41537665456
31 Mar 211,79911756446
31 Dec 201,590-12754346
30 Sep 201,527-11652346
30 Jun 201,477-13753448
31 Mar 201,6276056751
31 Dec 191,7017955751
30 Sep 191,5708053549
30 Jun 191,4065949346
31 Mar 191,3569145244
31 Dec 181,24310540641
30 Sep 181,25411439839
30 Jun 181,23510739039
31 Mar 181,1437837037
31 Dec 171,0494136537
30 Sep 171,02118333735
30 Jun 1796517532635
31 Mar 1790617731934
31 Dec 1687119030833
30 Sep 168613630734
30 Jun 168493830034
31 Mar 168341729434
31 Dec 158441529733
30 Sep 15825329433
30 Jun 15818628532
31 Mar 15819-328331

Quality Earnings: CALY has high quality earnings.

Growing Profit Margin: CALY's current net profit margins (1.9%) are lower than last year (4.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CALY has become profitable over the past 5 years, growing earnings by -67.6% per year.

Accelerating Growth: CALY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CALY had negative earnings growth (-58.5%) over the past year, making it difficult to compare to the Leisure industry average (-36.7%).

Return on Equity

High ROE: CALY's Return on Equity (1.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/05 06:29
End of Day Share Price 2026/03/05 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Callaway Golf Company is covered by 26 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Craig KennisonBaird
Derek LeckowBarrington Research Associates, Inc.
Alexander MarocciaBerenberg