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NYSE · SPORTING & ATHLETIC GOODS, NEC · LARGE CAP

Callaway Golf Co. CALY

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.1B
▼ 0.8% YoY
$-409.3M
$302.2M
▼ 9.3% YoY
In brief

What this company does

Callaway Golf Company designs, manufactures, and sells golf clubs, golf balls, apparel, bags, and other accessories under global brands including Callaway Golf, Odyssey, TravisMathew and OGIO. The Company is headquartered in Carlsbad, California, and maintains regional offices, distribution centers, and retail stores in numerous locations around the world. As of January 1, 2026, following the sale of 60% of its stake in Topgolf, the Company had approximately 4,000 full-time and part-time employees worldwide in 25 different countries. As of December 31, 2025, the Company had two operating and reportable business segments: Golf Equipment and Apparel, Gear and Other. Within its Golf Equipment segment, the Company designs, manufactures, and sells golf equipment, including golf clubs and golf balls. The Company was originally incorporated in California in 1982 under the name 'Callaway Golf Company.'

Written from the business description in Callaway Golf Co's annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 2.1B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.1 · Net income -0.4
2.0B-0.5B-1.0B200920112013201520172019202120232025
Compound annual growth
−19.8%
+5.3%
+9.3%
+5.2%
−53.2%
−31.5%
+0.6%
−8.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−20 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 6.2% · Net -19.9%
10%20%-20%-40%-60%200920112013201520172019202120232025
ROE
FY2025 · ROE -18.3%
10%20%30%-20%-40%200920112013201520172019202120232025
Gross margin42.1%
Operating margin6.2%
Net margin-19.9%
Return on assets-5.5%
EBITDAUSD 174.5M

Each USD of equity lost 18 cents this year.

Cash & shareholders
USD 3.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 302.2
200M-200M-400M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 3.6
20M40MDividendsNet buybacks200920112013201520172019202120232025
Dividends paid—
Net buybacksUSD 3.6M
Share of profit-0.9%
Consecutive raises—

USD 3.6M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 7.3B
EquityUSD 2.1B
CashUSD 903.2M
Gross debtUSD 1.4B
Net debtUSD 512.8M
Current ratio1.36×

Net debt stands at 25% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B2.12.12.14.03.11.61.71.21.00.90.80.90.80.80.91.01.0
Operating income $B0.10.20.20.30.2−0.10.10.10.10.00.00.0−0.0−0.1−0.1−0.0−0.0
EBITDA $B0.20.20.20.40.4−0.10.20.10.10.10.00.10.0−0.1−0.00.00.0
Income tax $B0.00.00.0−0.00.0−0.00.00.00.0−0.10.00.00.00.00.1−0.0−0.0
Net income $B−0.4−1.40.10.20.3−0.10.10.10.00.20.00.0−0.0−0.1−0.2−0.0−0.0
Free cash flow $B0.30.30.3−0.6−0.00.20.00.10.10.10.00.0−0.0−0.0−0.0−0.00.0
EPS, diluted $−2.20−7.230.500.821.82−1.350.821.080.421.980.170.20−0.31−1.96−2.82−0.46−0.33
Dividend / sh $····0.010.020.040.0440.000.040.040.040.040.04···
Payout %···00−154922319−30−9−8−69−76
ROE %−18.3−46.12.54.214.8−17.610.615.26.537.54.15.6−6.3−29.7−28.8−2.7·
Shares out B····0.190.10···········

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Callaway Golf Co.vsAmcor PLCSame industry: Sporting & Athletic Goods, NECCallaway Golf Co.vsMattel Inc.Same industry: Sporting & Athletic Goods, NECCallaway Golf Co.vsHasbro, Inc.Same industry: Sporting & Athletic Goods, NECCallaway Golf Co.vsAcushnet Holdings Corp.Same industry: Sporting & Athletic Goods, NECCallaway Golf Co.vsPeloton Interactive, Inc.Same industry: Sporting & Athletic Goods, NECCallaway Golf Co.vsYeti Holdings, Inc.Same industry: Sporting & Athletic Goods, NECCallaway Golf Co.vsBrady Corp.Same industry: Sporting & Athletic Goods, NEC
Provenance
Company facts, as filed
How we verify · 0 failures in 81 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 14 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySporting & Athletic Goods, NEC
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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