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Stock research / United States / CALY · Sporting & Athletic Goods, Nec · NYSE

Callaway Golf Co. (CALY)

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Callaway Golf Co. (CALY) reported revenue of $612 million for Q2 FY2026, the quarter ended 30 June 2026, up 2.0% on the same quarter a year earlier. Net income was $75 million, up 270.4% on the year, and diluted earnings per share $0.40. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$612 millionup 2.0%
Net income$75 millionup 270.4%
Diluted EPS$0.40
QuarterQ2 FY2026ended 30 June 2026

Callaway Golf (CALY) in brief

Callaway Golf (CALY) reported revenue of $2.1 billion for fiscal 2025, the year ended 31 December 2025, down 0.8% on the year before.
Read moreNet loss was $409 million and the diluted loss per share $2.20. Revenue was $2.1 billion in fiscal 2024, $2.1 billion in fiscal 2023, $4.0 billion in fiscal 2022 and $3.1 billion in fiscal 2021. Net income in the same years was a loss of $1.4 billion, $95 million, $158 million and $322 million. Over the twelve months to 30 June 2026, Callaway Golf reported revenue of $2.1 billion and net loss of $263 million. Revenue grew 5.3% a year, compounded, over the five years to fiscal 2025. Callaway Golf declared $0.01 a share in dividends over the last four quarters and had 179 million shares outstanding at the latest filed count. At 30 June 2026 it carried $8 million of debt and $278 million of cash. At the close of 9 October 2026 the market cap of Callaway Golf was $2.4 billion.

Ratios

From the filings

ROE-12.2%
ROCE9.4%
Operating margin9.6%
Net margin-12.4%
FCF marginn/a
Interest covern/a
Debt to equity0.00
Cash conversionn/a
Share count, 1 year-2.9%
Sales CAGR, 3 years-19.8%
Profit CAGR, 3 yearsn/a
EPS, TTM-$1.48

At the close of 9 October 2026

Price$13.66
Market cap$2.4 billion
Stock P/En/a
Price to book1.13
EV / EBITDAn/a
Dividend yield0.1%
Market cap / sales1.15
52-week high$19.66
52-week low$8.39
Price, 1 year52.7%
Price CAGR, 3 years0.2%
Price CAGR, 5 years-13.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Callaway Golf Co. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
CALYgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CALY

Filings21 in twelve months: 12 current reports (8-K), about 5 regulation FD disclosure; 4 results of operations; 3 material agreement; 1 shareholder vote; 1 charter or bylaw amendment, or fiscal year change
Planned insider sales3 Form 144 notices in twelve months, $161.6 million; latest 6 August 2026
Options tapeput/call 0.37 by open interest at the 9 October 2026 close; the straddle prices a 9.7% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Geode Capital Management; 4 Schedule 13D or 13G filings in twelve months
Insider trading17 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest6.2 million shares short, 2.33 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024Q1 FY2025 †Q2 FY2025 †Q3 FY2025 †Q4 FY2025Q1 FY2026Q2 FY2026
Revenue1,041897640614452371630600463368688612
Cost of revenuen/an/an/an/an/an/a346337n/an/a361306
Gross profitn/an/an/an/an/an/a284263n/an/a327307
Gross marginn/an/an/an/an/an/a45%44%n/an/a48%50%
R&D22.634.223.227.022.019.915.915.420.1n/a15.215.8
SG&A242246273260251263165174211n/a173176
Operating income73.8-32.678.886.712.0-24.610374.34.8-54.1138115
Operating margin7%-4%12%14%3%-7%16%12%1%-15%20%19%
Interest expense52.356.658.857.057.757.714.915.359.2n/a5.84.6
Pre-tax income26.7-84.311.552.4-23.0-1,51490.658.6-22.3n/a108111
Tax rate-11%n/a43%-19%n/an/a30%22%n/an/a30%31%
Net income29.7-77.16.562.1-3.6-1,5132.120.3-14.7-41793.175.2
Net margin3%-9%1%10%-1%-407%0%3%-3%-113%14%12%
Diluted EPS$0.16-$0.42$0.04$0.32-$0.02-$8.23$0.01$0.11-$0.08-$2.27$0.47$0.40
Operating cash flow250137-73.322518743.3-85.212722863.9-169250
Capital expenditure12693.365.483.977.868.37.874.466.3n/a7.011.4
Free cash flow12343.7-139141110-25.0-93.052.5162n/a-176238
Buybacks16.712.06.225.10.10.03.30.00.10.342.042.5
Shares outstanding185m184m184m184m184m184m184m184m184m184m180m179m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016FY2017FY2018FY2019 †FY2020 †FY2021 †FY2022FY2023 †FY2024 †FY2025TTM
Revenue8878448711,0491,2431,7011,5893,1333,9962,1332,0782,0602,130
Cost of revenue529486486568664934932n/an/a1,2061,1911,192n/a
Gross profit358358385480578767658n/an/a927887868n/a
Gross margin40.4%42.4%44.2%45.8%46.5%45.1%41.4%n/an/a43.5%42.7%42.1%n/a
Research and development31.333.233.336.640.850.646.368.076.461.864.165.5n/a
Selling, general and administrativen/an/an/an/an/a584543850971671670674n/a
Operating income30.726.944.278.8128133-106205257194153128204
Operating margin3.5%3.2%5.1%7.5%10.3%7.8%-6.6%6.5%6.4%9.1%7.4%6.2%9.6%
Interest expense9.58.72.44.45.538.546.911614321063.060.6n/a
Pre-tax income21.620.158.468.113195.8-12735114213011287.6n/a
Income tax5.65.5-13326.426.016.5-0.628.7-16.030.018.148.8n/a
Effective tax rate26.0%27.4%-227.0%38.8%19.8%17.3%n/a8.2%-11.3%23.2%16.2%55.7%n/a
Net income16.014.619040.810579.4-12732215895.0-1,448-409-263
Net margin1.8%1.7%21.8%3.9%8.4%4.7%-8.0%10.3%4.0%4.5%-69.7%-19.9%-12.4%
Diluted EPS$0.20$0.17$1.98$0.42$1.08$0.82-$1.35$1.82$0.82$0.50-$7.88-$2.20-$1.48
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Golf Equipment1,3881,3831,37566.7%
Apparel, Gear and Other74569568533.3%
Golf EquipmentApparel, Gear and Other
2,133FY20232,078FY20242,060FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States1,3961,3811,36366.2%
Asia43737936317.6%
Europe1731822049.9%
Rest of World1271351306.3%
United StatesAsiaEuropeRest of World
2,133FY20232,078FY20242,060FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015FY2016FY2017FY2018FY2019 †FY2020 †FY2021 †FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow36.930.677.711892.386.5228278-35.1365382334373
Capital expenditure10.814.416.226.236.854.739.332253250.048.731.8n/a
Free cash flow26.116.261.691.555.531.8189-44.0-567315333302n/a
Free cash flow margin2.9%1.9%7.1%8.7%4.5%1.9%11.9%-1.4%-14.2%14.8%16.0%14.7%n/a
Cash from investing-25.1-18.49.0-231-38.5-536-59.2-162-535-543-29721.6688
Cash from financing-12.90.9-9.369.4-75.149396.1-124425376-23.691.5-1,464
Depreciation and amortisation21.217.416.617.619.935.039.515619345.744.546.4n/a
Share-based compensation5.77.59.012.613.512.910.938.747.033.327.623.8n/a
Buybacks1.02.05.116.622.528.122.238.135.856.031.43.784.9
Dividends paid3.13.43.83.83.83.81.90.00.0n/an/an/an/a
Dividend per share$0.04$0.04$0.04$0.04$40.00$40.00$0.02$0.01n/an/an/an/an/a
Diluted shares, weighted78m85m96m97m97m96m94m177m201m201m184m186m190m
Shares outstanding at period endn/an/an/an/an/an/a96m186mn/an/an/an/a179m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016FY2017FY2018FY2019 †FY2020 †FY2021 †FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity2924135996507257676763,6833,7743,8782,4082,0692,162
Non-controlling interestn/a0.09.79.79.70.0n/an/an/an/an/an/an/a
Short-term borrowingsn/an/an/an/an/an/a22.19.121954.725.444.743.1
Debt109n/a0.09.47.24436651,0441,1901,5351,4291,4167.7
Operating lease liabilitiesn/an/an/an/a0.01381781,3851,4381,433164190176
Finance lease liabilitiesn/an/an/an/an/a0.60.4132226n/a0.40.521.3
Other liabilities2252181933223116124391,4941,7432,2193,6093,566372
Total liabilities and equity6256318019911,0531,9611,9817,7488,5909,1217,6367,2862,783
Owned
Fixed assets58.155.854.570.288.51331461,4511,8102,156176160156
Goodwill27.826.525.656.455.820456.71,9601,984619619620620
Intangible assets88.888.888.72262254934841,5291,5041,506222222222
Cash and equivalents37.649.812685.764.0107366352180394445903278
Receivables11011612894.771.4140138105167200137123316
Inventory207209189262338457353533959794628625518
Other assets95.485.81891962114274361,8171,9873,4515,4094,633674
Total assets6256318019911,0531,9611,9817,7488,5909,1217,6367,2862,783
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded9.3%5.3%-19.8%3.7%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-2.1%-12.9%-25.8%-19.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Callaway Golf's revenue in fiscal 2025?

Callaway Golf (CALY) reported revenue of $2.1 billion for fiscal 2025, the year ended 31 December 2025, down 0.8% on the year before.

How much did Callaway Golf earn in fiscal 2025?

Net loss was $409 million for fiscal 2025, and the diluted loss per share $2.20.

What is Callaway Golf's market cap?

The market cap of Callaway Golf was $2.4 billion at the close of 9 October 2026.

Does Callaway Golf pay a dividend?

Yes. Callaway Golf declared $0.01 a share in dividends over the four quarters to 30 June 2026.

How much debt does Callaway Golf have?

At 30 June 2026 Callaway Golf carried $8 million of debt and $278 million of cash.

Peers: Recreation

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Sony Group Corporation SONY *$142.4 billionn/a-4.0%11.6%3.7%0.130.6%
Hasbro, Inc. HAS$13.2 billion16.79108.7%23.4%17.0%4.163.0%
Mattel Inc. MAT$4.8 billion12.2721.4%7.8%2.9%1.170.0%
Acushnet Holdings Corp. GOLF$4.6 billion21.5723.8%13.7%8.8%1.011.2%
Knowles Corp. KN$3.2 billion48.808.5%14.5%12.8%0.16n/a
Yeti Holdings, Inc. YETI$2.9 billion17.3729.3%12.2%6.2%0.16n/a
Callaway Golf Co. CALY$2.4 billionn/a-12.2%9.6%3.7%0.000.1%
Peloton Interactive, Inc. PTON$2.2 billion36.27n/a6.6%-1.8%n/an/a
Sonos Inc. SONO$2.0 billion37.5114.1%4.4%5.6%0.00n/a
3 companies share its SEC industry code (Sporting & Athletic Goods, Nec); the rest are the names nearest in size in its wider industry, Recreation, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 202512 May 2025EDGAR
10-K31 December 20243 March 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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