A Business at a Glance
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Callaway Golf Co
CALY
$3.4B
Mkt Cap
$18.16
+1.40%
Callaway Golf Co (CALY) has a 5-year average return on invested capital (ROIC) of 4.3%. This is below average and may indicate limited pricing power.
Callaway Golf Co (CALY) has a market capitalization of $3.4B. It is classified as a mid-cap stock.
Callaway Golf Co (CALY) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.11%.
Callaway Golf Co (CALY) operates in the Sporting & Athletic Goods, Nec industry, within the Consumer Cyclical sector.
Callaway Golf Co (CALY) reported annual revenue of $2.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Callaway Golf Co (CALY) has a net profit margin of -19.9%. The company is currently unprofitable.
Callaway Golf Co (CALY) generated $302 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Callaway Golf Company, together with our wholly owned subsidiaries (collectively, the “Company,” “Callaway Golf,” “Callaway,” “we,” “our,” or “us”), is a leading golf equipment, gear and apparel company with a portfolio of global brands, including Callaway Golf, Odyssey, TravisMathew and OGIO. Through an unwavering commitment to innovation and premium craftsmanship, Callaway designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories—setting the standard for performance in the game of golf. Our products are distributed globally through a mix of on-course, specialty retail, wholesale, direct-to-consumer and international channels. We were originally incorporated in California in 1982 under the name, “Callaway Golf Company,” with a primary focus on the design, manufacture and sale of high-quality golf clubs.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.1B | 2.1B | 2.1B | 2.1B | 4.0B | 3.1B |
| Net Income | -409M | -409M | -1.4B | 95M | 158M | 322M |
| EPS | $-2.20 | $-2.20 | $-7.23 | $0.50 | $0.82 | $1.82 |
| Free Cash Flow | 302M | 302M | 333M | 315M | -567M | -44M |
| ROIC | 3.6% | 3.0% | 3.1% | 3.0% | 5.5% | 7.0% |
| Gross Margin | 42.1% | 42.1% | 42.7% | 43.5% | 41.0% | 44.5% |
| Debt/Equity | 0.81 | 0.81 | 0.68 | 0.41 | 0.37 | 0.28 |
| Dividends/Share | $0.00 | - | - | - | $0.00 | $0.01 |
| Operating Income | 128M | 128M | 153M | 194M | 257M | 205M |
| Operating Margin | 6.2% | 6.2% | 7.4% | 9.1% | 6.4% | 6.5% |
| ROE | -19.8% | -18.3% | -46.1% | 2.5% | 4.2% | 14.8% |
| Shares Outstanding | 186M | 186M | 200M | 190M | 193M | 177M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 887M | 844M | 871M | 1.0B | 1.2B | 1.7B | 1.6B | 3.1B | 4.0B | 2.1B | 2.1B | 2.1B | 2.1B |
| Gross Margin | 40.4% | 42.4% | 44.2% | 45.8% | 46.5% | 45.1% | 41.4% | 44.5% | 41.0% | 43.5% | 42.7% | 42.1% | 42.1% |
| R&D | 31M | 33M | 33M | 37M | 41M | 51M | 46M | 68M | 76M | 62M | 64M | 66M | 66M |
| SG&A | 62M | 69M | 72M | 94M | 100M | 584M | 543M | 850M | 971M | 671M | 670M | 674M | 674M |
| EBIT | 31M | 27M | 44M | 79M | 128M | 133M | -106M | 205M | 257M | 194M | 153M | 128M | 128M |
| Op. Margin | 3.5% | 3.2% | 5.1% | 7.5% | 10.3% | 7.8% | -6.6% | 6.5% | 6.4% | 9.1% | 7.4% | 6.2% | 6.2% |
| Net Income | 16M | 15M | 190M | 41M | 105M | 79M | -127M | 322M | 158M | 95M | -1.4B | -409M | -409M |
| Net Margin | 1.8% | 1.7% | 21.8% | 3.9% | 8.4% | 4.7% | -8.0% | 10.3% | 4.0% | 4.5% | -69.7% | -19.9% | -19.9% |
| Non-Recurring | 1.3M | 1.0M | 116K | -1.5M | 13K | -218K | 148M | -381K | 0 | 1.8M | 1.4B | 900K | 900K |
| Returns on Capital | |||||||||||||
| ROIC | 5.5% | 3.2% | 37.5% | 5.9% | 10.0% | 8.7% | -10.0% | 7.0% | 5.5% | 3.0% | 3.1% | 3.0% | 3.6% |
| ROE | 5.6% | 4.1% | 37.5% | 6.5% | 15.2% | 10.6% | -17.6% | 14.8% | 4.2% | 2.5% | -46.1% | -18.3% | -19.8% |
| ROA | 2.5% | 2.3% | 26.5% | 4.6% | 10.2% | 5.3% | -6.4% | 6.6% | 1.9% | 1.1% | -17.3% | -5.5% | -5.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 37M | 31M | 78M | 118M | 92M | 87M | 228M | 278M | -35M | 365M | 382M | 334M | 334M |
| Free Cash Flow | 26M | 16M | 62M | 91M | 55M | 32M | 189M | -44M | -567M | 315M | 333M | 302M | 302M |
| Owner Earnings | 9.9M | 5.7M | 52M | 87M | 59M | 39M | 178M | 84M | -275M | 286M | 310M | 264M | 264M |
| CapEx | 11M | 14M | 16M | 26M | 37M | 55M | 39M | 322M | 532M | 50M | 49M | 32M | 32M |
| Maint. CapEx | 21M | 17M | 17M | 18M | 20M | 35M | 40M | 156M | 193M | 46M | 45M | 46M | 46M |
| Growth CapEx | 0 | 0 | 0 | 8.6M | 17M | 20M | 0 | 166M | 340M | 4.3M | 4.2M | 0 | 0 |
| D&A | 21M | 17M | 17M | 18M | 20M | 35M | 40M | 156M | 193M | 46M | 45M | 46M | 46M |
| CapEx/OCF | 29.2% | 47.0% | 20.8% | 22.3% | 39.9% | 63.2% | 17.2% | 115.8% | N/A | 132.2% | 12.7% | 9.5% | 9.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 3.1M | 3.4M | 3.8M | 3.8M | 3.8M | 3.8M | 1.9M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 1.0M | 2.0M | 5.1M | 17M | 22M | 28M | 22M | 38M | 36M | 56M | 31M | 3.7M | 3.7M |
| Buyback Yield | 0.2% | 0.2% | 0.5% | 1.2% | 1.5% | 1.4% | 0.9% | 0.8% | 1.0% | 2.0% | 2.0% | 0.2% | 0.1% |
| Stock-Based Comp | 5.7M | 7.5M | 9.0M | 13M | 14M | 13M | 11M | 39M | 47M | 33M | 28M | 24M | 24M |
| Debt Repayment | 0 | 0 | 0 | 0 | 2.2M | 37M | 12M | 201M | 97M | 450M | 70M | 18M | 18M |
| Balance Sheet | |||||||||||||
| Net Debt | 136M | 180M | 104M | 256M | 276M | 744M | 321M | 684M | 1.2B | 1.0B | 888M | -22M | 770M |
| Cash & Equiv. | 38M | 50M | 126M | 86M | 64M | 107M | 366M | 352M | 180M | 394M | 445M | 903M | 903M |
| Long-Term Debt | 109M | 0 | 0 | 9.4M | 7.2M | 443M | 651M | 1.0B | 1.2B | 1.5B | 1.4B | 651M | 651M |
| Debt/Equity | 0.60 | 0.56 | 0.38 | 0.53 | 0.47 | 1.11 | 1.02 | 0.28 | 0.37 | 0.41 | 0.68 | 0.81 | 0.81 |
| Interest Coverage | 3.2 | 3.1 | 18.7 | 18.1 | 23.2 | 3.4 | -2.2 | 1.8 | 1.8 | 0.9 | 2.4 | 2.1 | 2.1 |
| Equity | 292M | 413M | 599M | 650M | 725M | 767M | 676M | 3.7B | 3.8B | 3.9B | 2.4B | 2.1B | 2.1B |
| Total Assets | 625M | 631M | 801M | 991M | 1.1B | 2.0B | 2.0B | 7.7B | 8.6B | 9.1B | 7.6B | 7.3B | 7.3B |
| Total Liabilities | 333M | 218M | 193M | 332M | 319M | 1.2B | 1.3B | 4.1B | 4.8B | 982M | 856M | 5.2B | 5.2B |
| Intangibles | 89M | 89M | 89M | 226M | 225M | 493M | 484M | 1.5B | 1.5B | 1.5B | 223M | 222M | 222M |
| Retained Earnings | 90M | 101M | 287M | 324M | 414M | 489M | 360M | 682M | 853M | 948M | -500M | -910M | -910M |
| Working Capital | 200M | 213M | 274M | 152M | 222M | 266M | 521M | 300M | 343M | 681M | 775M | 1.6B | 1.6B |
| Current Assets | 384M | 391M | 460M | 466M | 525M | 789M | 913M | 1.2B | 1.5B | 1.6B | 1.6B | 5.9B | 5.9B |
| Current Liabilities | 184M | 179M | 187M | 314M | 303M | 523M | 391M | 866M | 1.2B | 948M | 826M | 4.4B | 4.4B |
| Per Share Data | |||||||||||||
| EPS | 0.10 | 0.09 | 0.99 | 0.21 | 0.54 | 0.41 | -0.68 | 1.82 | 0.82 | 0.50 | -7.23 | -2.20 | -2.20 |
| Owner EPS | 0.06 | 0.03 | 0.27 | 0.45 | 0.30 | 0.20 | 0.95 | 0.47 | -1.43 | 1.50 | 1.55 | 1.42 | 1.42 |
| Book Value | 1.82 | 2.41 | 3.12 | 3.34 | 3.74 | 3.96 | 3.59 | 20.82 | 19.60 | 20.41 | 12.02 | 11.12 | 11.12 |
| Cash Flow/Share | 0.23 | 0.18 | 0.41 | 0.61 | 0.48 | 0.45 | 1.21 | 1.57 | -0.18 | 1.92 | 1.91 | 1.80 | -1.95 |
| Dividends/Share | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 | N/A | N/A | N/A | 0.00 |
| Shares Out. | 160.1M | 171.4M | 191.8M | 194.3M | 194.0M | 193.7M | 188.0M | 176.9M | 192.6M | 190.0M | 200.2M | 186.0M | 186.0M |
| Valuation | |||||||||||||
| P/E Ratio | 36.1 | 56.3 | 5.5 | 33.3 | 14.1 | 25.4 | N/A | 15.0 | 23.1 | 29.2 | N/A | N/A | -8.3 |
| P/FCF | 44.2 | 101.2 | 33.8 | 29.7 | 53.3 | 126.9 | 24.8 | N/A | N/A | 8.8 | 4.6 | 7.2 | 11.2 |
| EV/EBIT | 20.4 | 27.3 | 18.1 | 16.3 | 10.9 | 18.1 | N/A | 25.2 | 18.2 | 15.0 | 13.7 | 20.0 | 32.4 |
| Price/Book | 2.0 | 2.0 | 1.7 | 2.1 | 2.0 | 2.6 | 3.5 | 1.3 | 1.0 | 0.7 | 0.6 | 1.1 | 1.6 |
| Price/Sales | 0.7 | 0.9 | 1.1 | 1.2 | 1.5 | 1.0 | 1.0 | 1.7 | 1.1 | 0.8 | 1.2 | 0.8 | 1.6 |
| FCF Yield | 4.5% | 2.0% | 5.9% | 6.7% | 3.8% | 1.6% | 8.1% | -0.9% | -15.5% | 11.3% | 21.6% | 13.8% | 8.9% |
| Market Cap | 578M | 821M | 1.0B | 1.4B | 1.5B | 2.0B | 2.3B | 4.8B | 3.6B | 2.8B | 1.5B | 2.2B | 3.4B |
| Avg. Price | 7.99 | 8.95 | 10.11 | 12.59 | 18.67 | 17.84 | 17.54 | 29.61 | 21.99 | 18.27 | 12.89 | 8.50 | 18.16 |
| Year-End Price | 7.22 | 9.58 | 10.85 | 13.98 | 15.23 | 20.86 | 24.94 | 27.30 | 18.95 | 14.61 | 7.72 | 11.74 | 18.16 |
Callaway Golf Co passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 11.1x vs a median of 24.8x. The company's 5-year average ROIC is 4.3% with a gross margin of 42.8%. Total shareholder yield (buybacks) is 0.1%. At current prices, the estimated annualized return to fair value is -9.7%.
Callaway Golf Co (CALY) has a debt-to-equity ratio of 0.81. This indicates moderate leverage.
Callaway Golf Co (CALY) reported earnings per share (EPS) of $-2.20 in its most recent fiscal year.
Callaway Golf Co (CALY) has a return on equity (ROE) of -18.3%. A negative ROE may indicate losses or negative equity.
Callaway Golf Co (CALY) has a 5-year average gross margin of 42.8%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for Callaway Golf Co (CALY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Callaway Golf Co (CALY) has a book value per share of $11.12, based on its most recent annual SEC filing.
No recent press releases.