Callaway Golf Company (CALY)

NYSE Consumer Discretionary Leisure Products S&P SmallCap 600

$16.83

+0.91 (+5.72%)

Close of Nov 06, 2026 · end-of-day data

Source: Callaway Golf Company's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$871.19M	$1.05B	$1.24B	$1.70B	$1.59B	$3.13B	$4.00B	$2.13B	$2.08B	$2.06B
Cost of revenue	$486.18M	$568.29M	$664.47M	$934.28M	$931.88M	—	—	$1.21B	$1.19B	$1.19B
Gross profit	$385.01M	$480.45M	$578.37M	$766.79M	$657.59M	—	—	$927.10M	$887.00M	$867.60M
Research & development	$33.32M	$36.57M	$40.75M	$50.58M	$46.30M	$68.00M	$76.40M	$61.80M	$64.10M	$65.50M
Selling, general & admin	—	—	—	$583.54M	$542.50M	$849.70M	$970.60M	$671.20M	$670.00M	$674.00M
Operating income	$44.17M	$78.84M	$128.44M	$132.67M	-$105.50M	$204.70M	$256.80M	$194.10M	$152.90M	$128.10M
Interest expense	$2.37M	$4.37M	$5.54M	$38.49M	$46.90M	$115.60M	$142.80M	$210.20M	$63.00M	$60.60M
Pre-tax income	$58.39M	$68.06M	$131.27M	$95.77M	-$127.50M	$350.60M	$141.90M	$129.50M	$111.50M	$87.60M
Income tax	-$132.56M	$26.39M	$26.02M	$16.54M	-$600.00K	$28.60M	-$16.00M	$30.00M	$18.10M	$48.80M
Net income	$189.90M	$40.81M	$104.74M	$79.41M	-$126.90M	$322.00M	$157.90M	$95.00M	-$1.45B	-$409.30M
EBITDA	$60.75M	$96.44M	$148.39M	$167.62M	-$66.00M	$360.50M	$449.60M	$239.80M	$197.40M	$174.50M
EPS (basic)	$2.02	$0.43	$1.11	$0.84	$-1.35	$1.90	$0.85	$0.51	$-7.88	$-2.23
EPS (diluted)	$1.98	$0.42	$1.08	$0.82	$-1.35	$1.82	$0.82	$0.50	$-7.23	$-2.20
Diluted shares	95.84M	96.58M	97.15M	96.29M	94.20M	176.90M	201.30M	201.10M	199.30M	185.70M
Gross margin	44.2%	45.8%	46.5%	45.1%	41.4%	—	—	43.5%	42.7%	42.1%
Operating margin	5.1%	7.5%	10.3%	7.8%	-6.6%	6.5%	6.4%	9.1%	7.4%	6.2%
Net margin	21.8%	3.9%	8.4%	4.7%	-8.0%	10.3%	4.0%	4.5%	-69.7%	-19.9%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$125.97M	$63.98M	$63.98M	$106.67M	$366.10M	$352.20M	$180.20M	$393.50M	$445.00M	$903.20M
Receivables	$127.86M	$94.72M	$71.37M	$140.46M	$138.48M	$105.30M	$167.30M	$200.50M	$137.20M	$123.20M
Inventory	$189.40M	$262.49M	$338.06M	$456.64M	$352.54M	$533.50M	$959.20M	$794.40M	$628.20M	$625.30M
Total current assets	$460.43M	$465.98M	$524.91M	$789.35M	$912.63M	$1.17B	$1.52B	$1.63B	$1.60B	$5.94B
Goodwill	$25.59M	$56.43M	$55.82M	$203.74M	$56.60M	$1.96B	$1.98B	$619.30M	$618.70M	$619.80M
Total assets	$801.28M	$991.16M	$1.05B	$1.96B	$1.98B	$7.75B	$8.59B	$9.12B	$7.64B	$7.29B
Total current liabilities	$186.85M	$314.37M	$303.24M	$523.25M	$391.27M	$866.00M	$1.18B	$947.60M	$825.90M	$4.37B
Short-term debt	$0	$2.37M	$2.41M	$7.32M	$14.60M	$9.10M	$219.30M	$17.10M	$14.60M	$765.30M
Long-term debt	$0	$9.45M	$7.22M	$443.26M	$650.56M	$1.03B	$1.18B	$1.52B	$1.41B	$650.70M
Total debt	$0	$11.81M	$9.63M	$450.58M	$665.16M	$1.03B	$1.40B	$1.54B	$1.43B	$1.42B
Total liabilities	$202.38M	$341.53M	$328.37M	$1.19B	$1.30B	$4.06B	$4.82B	$5.24B	$5.23B	$5.22B
Shareholders' equity	$598.91M	$649.63M	$724.57M	$767.35M	$675.64M	$3.68B	$3.77B	$3.88B	$2.41B	$2.07B

Cash flow

fiscal years · USD

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

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	-$1.25B	$639.70M	$614.30M	$452.30M	$371.40M	$629.60M	$600.40M	$462.60M	$367.50M	$687.50M	$612.20M	$436.90M
Cost of revenue	—	—	—	—	—	$346.00M	$337.00M	$278.30M	$231.20M	$360.80M	$305.50M	$210.20M
Gross profit	—	—	—	—	—	$283.60M	$263.40M	$184.30M	$136.30M	$326.70M	$306.70M	$226.70M
Research & development	-$5.60M	$23.20M	$27.00M	$22.00M	-$8.10M	$15.90M	$15.40M	$15.90M	$18.30M	$15.20M	$15.80M	$15.70M
Selling, general & admin	-$119.40M	$273.00M	$259.50M	$250.60M	-$113.10M	$164.60M	$173.70M	$163.60M	$172.10M	$173.30M	$176.10M	$166.30M
Operating income	-$76.20M	$78.80M	$86.70M	$12.00M	-$24.60M	$103.10M	$74.30M	$4.80M	-$54.10M	$138.20M	$114.80M	$44.70M
Interest expense	$56.60M	$58.80M	$57.00M	$57.70M	-$110.50M	$14.90M	$15.30M	$14.80M	$15.60M	$5.80M	$4.60M	-$500.00K
Pre-tax income	$10.40M	$11.50M	$52.40M	-$23.00M	$70.60M	$90.60M	$58.60M	-$1.40M	-$60.20M	$107.60M	$110.60M	$47.80M
Income tax	$83.00M	$5.00M	-$9.70M	-$19.40M	$42.20M	$27.20M	$13.10M	$2.70M	$5.80M	$32.70M	$34.80M	-$300.00K
Net income	-$77.10M	$6.50M	$62.10M	-$3.60M	-$1.51B	$2.10M	$20.30M	-$14.70M	-$417.00M	$93.10M	$75.20M	$45.70M
EBITDA	-$206.20M	$144.20M	$152.50M	$80.10M	-$179.40M	$114.80M	$85.50M	$15.60M	-$41.40M	$149.00M	$124.30M	$55.30M
EPS (basic)	$-0.42	$0.04	$0.34	$-0.02	$-8.23	$0.01	$0.11	$-0.08	$-2.27	$0.51	$0.42	$0.26
EPS (diluted)	$-0.38	$0.04	$0.32	$-0.01	$-8.23	$0.02	$0.11	$-0.08	$-2.27	$0.47	$0.40	$0.25
Diluted shares	-200.00K	184.40M	199.60M	183.80M	0	198.20M	199.80M	183.90M	-14.10M	202.70M	190.10M	183.30M
Gross margin	—	—	—	—	—	45.0%	43.9%	39.8%	37.1%	47.5%	50.1%	51.9%
Operating margin	6.1%	12.3%	14.1%	2.7%	-6.6%	16.4%	12.4%	1.0%	-14.7%	20.1%	18.8%	10.2%
Net margin	6.1%	1.0%	10.1%	-0.8%	-407.3%	0.3%	3.4%	-3.2%	-113.5%	13.5%	12.3%	10.5%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$393.50M	$233.90M	$311.80M	$441.90M	$445.00M	$317.00M	$683.50M	$865.60M	$903.20M	$499.50M	$278.10M	$433.50M
Receivables	$200.50M	$423.90M	$390.40M	$286.40M	$137.20M	$372.20M	$338.00M	$218.50M	$123.20M	$393.80M	$315.70M	$186.00M
Inventory	$794.40M	$702.90M	$647.10M	$666.40M	$628.20M	$653.90M	$608.90M	$568.70M	$625.30M	$596.40M	$518.20M	$536.20M
Total current assets	$1.63B	$1.59B	$1.61B	$1.62B	$1.60B	$1.96B	$1.88B	$1.87B	$5.94B	$1.63B	$1.25B	$1.28B
Goodwill	$619.30M	$1.99B	$1.99B	$2.00B	$618.70M	$619.00M	$619.90M	$619.80M	$619.80M	$619.60M	$619.50M	$619.50M
Total assets	$9.12B	$9.09B	$9.10B	$9.16B	$7.64B	$7.69B	$7.61B	$7.57B	$7.29B	$3.18B	$2.78B	$2.78B
Total current liabilities	$947.60M	$875.00M	$837.20M	$842.50M	$825.90M	$928.60M	$1.02B	$998.70M	$4.37B	$713.60M	$409.90M	$412.60M
Short-term debt	$17.10M	$16.40M	$16.30M	$15.60M	$14.60M	$15.00M	$48.60M	$47.30M	$765.30M	$274.40M	$3.60M	$2.90M
Long-term debt	$1.52B	$1.52B	$1.46B	$1.46B	$1.41B	$1.46B	$1.20B	$1.19B	$650.70M	$152.90M	$4.10M	$2.90M
Total debt	$1.54B	$1.54B	$1.48B	$1.48B	$1.43B	$1.47B	$1.24B	$1.24B	$1.42B	$427.30M	$7.70M	$5.80M
Total liabilities	$5.24B	$5.21B	$5.17B	$5.22B	$5.23B	$5.27B	$5.12B	$5.09B	$5.22B	$1.06B	$620.50M	$615.50M
Shareholders' equity	$3.88B	$3.89B	$3.93B	$3.94B	$2.41B	$2.43B	$2.49B	$2.48B	$2.07B	$2.12B	$2.16B	$2.17B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$137.00M	-$73.30M	$224.70M	$187.30M	$43.30M	-$85.20M	$126.90M	$228.40M	$63.90M	-$169.00M	$249.50M	$191.90M
Capital expenditures	-$338.70M	$65.40M	$83.90M	$77.80M	-$178.40M	$7.80M	$8.30M	$6.80M	$8.90M	$7.00M	$11.40M	$11.10M
Free cash flow	-$201.70M	-$138.70M	$140.80M	$109.50M	-$135.10M	-$93.00M	$118.60M	$221.60M	$55.00M	-$176.00M	$238.10M	$180.80M
Investing cash flow	-$123.00M	-$89.10M	-$84.90M	-$80.60M	-$42.70M	-$70.00M	$210.30M	-$66.90M	-$51.80M	$811.80M	-$5.10M	$14.40M
Financing cash flow	$44.40M	$7.30M	-$59.60M	$17.90M	$10.80M	$25.10M	$18.70M	$21.60M	$26.10M	-$1.05B	-$465.10M	-$53.30M
Share buybacks	$12.00M	$6.20M	$25.10M	$100.00K	$0	$3.30M	$0	$100.00K	$300.00K	$42.00M	$42.50M	$50.70M
Stock-based compensation	-$5.10M	$13.10M	$7.00M	$7.80M	-$300.00K	$5.90M	$5.40M	$5.80M	$6.70M	$6.40M	$6.00M	$5.50M
Depreciation & amortization	-$130.00M	$65.40M	$65.80M	$68.10M	-$154.80M	$11.70M	$11.20M	$10.80M	$12.70M	$10.80M	$9.50M	$10.60M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.