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Financials · CALY

Callaway Golf Company (CALY) financials

For the twelve months ended Sep 30, 2026, Callaway Golf Company reported $2.10B of revenue and -$203.00M of net income.

Revenue, TTM
$2.10B
Revenue growth, YoY
+1.9%
Net income, TTM
-$203.00M
Net margin
-9.6%
Free cash flow, TTM
$297.90M
EPS, diluted, TTM
-$1.15
Cash
$433.50M
Total debt
$5.80M
P/S
1.43
Market cap
$3.00B
Annual revenue$2.06B
FY2016FY2025
Annual net income-$409.30M
FY2016FY2025
Annual free cash flow$302.20M
FY2016FY2025

CALY revenue and earnings growth

CALY revenueQ3 2026$436.90M

Quarter YoY
-5.6%
QoQ
-28.6%
FY YoY
-0.8%
5Y CAGR
+5.3%
10Y CAGR
+9.3%

CALY revenue was $436.90M in fiscal Q3 2026 (ended Sep 30, 2026), down 5.6% from a year earlier and down 28.6% from the prior quarter. For the full fiscal 2025 it was $2.06B, down 0.8% from fiscal 2024. Compound annual growth was +5.3% over 5 years and +9.3% over 10 years. It rose in 6 of the last 10 fiscal years.

CALY net incomeQ3 2026$45.70M

QoQ
-39.2%

CALY net income was $45.70M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$14.70M a year earlier and down 39.2% from the prior quarter. For the full fiscal 2025 it was -$409.30M, compared with -$1.45B in fiscal 2024.

CALY EPSQ3 2026$0.25

QoQ
-37.5%

CALY diluted EPS was $0.25 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.08 a year earlier and down 37.5% from the prior quarter. For the full fiscal 2025 it was -$2.20, compared with -$7.23 in fiscal 2024.

CALY free cash flowQ3 2026$180.80M

Quarter YoY
-18.4%
QoQ
-24.1%
FY YoY
-9.3%
5Y CAGR
+9.8%
10Y CAGR
+34.0%

CALY free cash flow was $180.80M in fiscal Q3 2026 (ended Sep 30, 2026), down 18.4% from a year earlier and down 24.1% from the prior quarter. For the full fiscal 2025 it was $302.20M, down 9.3% from fiscal 2024. Compound annual growth was +9.8% over 5 years and +34.0% over 10 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$2.06B$2.08B$2.13B$4.00B$3.13B$1.59B$1.70B$1.24B$1.05B$871.19M
Cost of revenue$1.19B$1.19B$1.21B--$931.88M$934.28M$664.47M$568.29M$486.18M
Gross profit$867.60M$887.00M$927.10M--$657.59M$766.79M$578.37M$480.45M$385.01M
Research and development$65.50M$64.10M$61.80M$76.40M$68.00M$46.30M$50.58M$40.75M$36.57M$33.32M
Selling, general and admin$674.00M$670.00M$671.20M$970.60M$849.70M$542.50M$583.54M$100.47M$94.15M$71.97M
Operating income$128.10M$152.90M$194.10M$256.80M$204.70M-$105.50M$132.67M$128.44M$78.84M$44.17M
Interest expense$60.60M$63.00M$70.70M$142.80M$115.60M$46.90M$38.49M$5.54M$4.37M$2.37M
Pre-tax income$87.60M$111.50M$129.50M$141.90M$350.60M-$127.50M$95.77M$131.27M$68.06M$58.39M
Income tax$48.80M$18.10M$30.00M-$16.00M$28.60M-$600.0K$16.54M$26.02M$26.39M-$132.56M
Net income-$409.30M-$1.45B$95.00M$157.90M$322.00M-$126.90M$79.41M$104.74M$40.81M$189.90M
EPS, basic-$2.23-$7.88$0.51$0.85$1.90-$1.35$0.84$1.11$0.43$2.02
EPS, diluted-$2.20-$7.23$0.50$0.82$1.82-$1.35$0.82$1.08$0.42$1.98
Diluted shares185.7M199.3M201.1M201.3M176.9M94.2M96.3M97.2M96.6M95.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$903.20M$450.30M$393.50M$180.20M$357.70M$366.10M$106.70M$63.98M$85.67M$125.97M
Receivables$123.20M$137.20M$200.50M$167.30M$105.30M$138.48M$140.46M$71.37M$94.72M$127.86M
Inventory$625.30M$628.20M$794.40M$959.20M$533.50M$352.54M$456.64M$338.06M$262.49M$189.40M
Current assets$5.94B$1.60B$1.63B$1.52B$1.17B$912.63M$789.35M$524.91M$465.98M$460.43M
Goodwill$619.80M$618.70M$619.30M$1.98B$1.96B$56.60M$203.74M$55.82M$56.43M$25.59M
Total assets$7.29B$7.64B$9.12B$8.59B$7.75B$1.98B$1.96B$1.05B$991.16M$801.28M
Current liabilities$4.37B$825.90M$947.60M$1.18B$866.00M$391.27M$523.25M$303.24M$314.37M$186.85M
Short-term debt$765.30M$14.60M$17.10M$219.30M$9.10M$22.13M$7.32M$2.41M$2.37M$0
Long-term debt$650.70M$1.41B$1.52B$1.18B$1.03B$650.56M$443.26M$7.22M$9.45M$0
Total debt$1.42B$1.43B$1.54B$1.40B$1.03B$672.69M$450.58M$9.63M$11.81M$0
Total liabilities--$5.24B$4.82B$4.06B$1.30B$1.19B$318.64M$331.78M$192.68M
Shareholders' equity$2.07B$2.41B$3.88B$3.77B$3.68B$675.70M$767.35M$734.31M$659.38M$608.60M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$334.00M$382.00M$364.70M-$35.10M$278.30M$228.20M$86.55M$92.28M$117.70M$77.71M
Capital expenditures$31.80M$48.70M$50.00M$532.30M$322.30M$39.20M$54.70M$36.83M$26.20M$16.15M
Free cash flow$302.20M$333.30M$314.70M-$567.40M-$44.00M$189.00M$31.85M$55.46M$91.50M$61.56M
Investing cash flow$21.60M-$297.30M-$542.90M-$535.10M-$161.90M-$59.20M-$535.67M-$38.52M-$230.59M$8.95M
Financing cash flow$91.50M-$23.60M$375.80M$425.30M-$124.10M$96.10M$492.52M-$75.07M$69.36M-$9.25M
Dividends paid---$0$0$1.90M$3.78M$3.79M$3.77M$3.76M
Share repurchases$3.70M$31.40M$56.00M$35.80M$38.20M$22.20M$28.07M$22.46M$16.62M$5.14M
Stock-based compensation$23.80M$27.60M$33.30M$47.00M$38.70M$10.90M$12.90M$13.53M$12.65M$8.96M
Depreciation and amortization$46.40M$44.50M$45.70M$192.80M$155.80M$39.50M$34.95M$19.95M$17.61M$16.59M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-0.8%-2.6%-46.6%27.5%97.1%-6.6%36.9%18.5%20.4%3.2%
Net income growth, YoY---39.8%-51.0%---24.2%156.7%-78.5%1203.5%
EPS growth, YoY---39.0%-54.9%---24.1%157.1%-78.8%1064.7%
Gross margin42.1%42.7%43.5%--41.4%45.1%46.5%45.8%44.2%
Operating margin6.2%7.4%9.1%6.4%6.5%-6.6%7.8%10.3%7.5%5.1%
Net margin-19.9%-69.7%4.5%4.0%10.3%-8.0%4.7%8.4%3.9%21.8%
Free cash flow margin14.7%16.0%14.8%-14.2%-1.4%11.9%1.9%4.5%8.7%7.1%
Return on equity-19.8%-60.1%2.4%4.2%8.7%-18.8%10.3%14.3%6.2%31.2%
Return on assets-5.6%-19.0%1.0%1.8%4.2%-6.4%4.1%9.9%4.1%23.7%
Current ratio1.361.941.721.291.352.331.511.731.482.46
Debt to equity0.680.590.400.370.281.000.590.010.020.00

Source: XBRL data Callaway Golf Company files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CALY peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CALY$2.10B+1.9%-$203.00M-9.6%$3.00B
HAS$6.11B+27.6%$956.90M15.7%$16.63B
GOLF$2.70B+6.8%$220.53M8.2%$4.62B
MAT$5.56B+6.4%$502.61M9.0%$4.38B
YETI$1.94B+6.2%$178.79M9.2%$3.28B
PTON$2.45B-0.1%$145.40M5.9%$2.50B
GMEX$5.61M+7.9%-$17.28M-308.0%$673.7M
JOUT$660.91M+17.5%-$7.99M-1.2%$495.5M
JAKK$627.25M+9.2%$26.16M4.2%$387.5M

CALY FAQ

9 questions
  • What is CALY revenue?
    Callaway Golf Company (CALY) reported $2.10B of revenue for the twelve months ended Sep 30, 2026. That is up 1.9% from the year before. Revenue for fiscal 2025 was $2.06B.
  • Is CALY profitable?
    No. Callaway Golf Company reported a net loss of $203.00M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does CALY have?
    Callaway Golf Company reported $433.50M in cash and cash equivalents and $5.80M of debt on its most recent balance sheet in SEC filings.
  • How fast is CALY revenue growing?
    Callaway Golf Company's revenue changed -0.8% in fiscal 2025, to $2.06B. Its compound annual growth rate was +5.3% over 5 years and +9.3% over 10 years.
  • What is CALY gross margin?
    Callaway Golf Company's gross profit was $996.40M on $2.10B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 47.4%.
  • What is CALY free cash flow?
    Callaway Golf Company generated $297.90M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $336.30M less capital expenditures.
  • What is CALY earnings per share?
    Diluted earnings per share were -$1.15 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CALY last report financial results?
    The latest statements here come from Callaway Golf Company's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this CALY financial data come from?
    Quantisnow builds these statements from the structured XBRL data Callaway Golf Company files with the SEC. It is provided for information only and is not investment advice.