profit from every $100 of sales.

Callaway Golf
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
It has no yearly profit to compare the price with.
of earnings would pay off all its debt.
Money in, money out
What Callaway Golf sold, what it kept, and what it did with the cash.
Sales went from $4.00 billion in 2022 to $2.06 billion in 2025, with -$409 million of profit last year.
Callaway Golf handed back 1% of the cash it generated last year.
Callaway Golf vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
Callaway Golf | No profit yet | ||
Oriental Land | 50.4× · Expensive | ||
Carnival Corporation & | 13.2× · Cheap | ||
ANTA Sports Products | 13.7× · Cheap | ||
BANDAI NAMCO Holdings | 34.2× · Expensive |
AI analysis
An AI analyst reads Callaway Golf's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 3,996 | 2,133 | 2,078 | 2,060 | |
| 2,411 | 927 | 887 | 868 | |
| 287 | 194 | 153 | 128 | |
| 478 | 246 | 219 | 195 | |
| 158 | 95 | -1,448 | -409 | |
| 0.82 | 0.50 | -7.88 | 0.21 | |
| 60.3% | 43.5% | 42.7% | 42.1% | |
| 7.2% | 9.1% | 7.4% | 6.2% | |
| 4.0% | 4.5% | -69.7% | -19.9% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 8,590 | 9,121 | 7,636 | 7,286 |
| Cash | 180 | 394 | 445 | 903 |
| Total debt | 3,568 | 4,073 | 1,637 | 1,673 |
| Total liabilities | 4,816 | 5,242 | 5,228 | 5,217 |
| 3,774 | 3,878 | 2,408 | 2,069 | |
| 201 | 201 | 184 | 186 | |
| 3.1% | 2.0% | 3.4% | 3.1% | |
| 4.2% | 2.4% | -60.1% | -19.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -35 | 365 | 382 | 334 | |
| 536 | 50 | 51 | 33 | |
| -571 | 315 | 331 | 301 | |
| Dividends paid | 0 | – | – | – |
| 36 | 56 | 31 | 4 | |
| 47 | 33 | 28 | 24 |
Valuation
- –
- –
- –
- 1.3×
- 1.5×
- 10.2×
- 19.8×
- 9.8%
- -13.3%
- 5.6%
Profitability
- 42.1%
- 6.2%
- -19.9%
- 11.9%
- 1.9%
- -2.8%
- 1.4%
- 1.0%
- 8.8%
- 2.4%
Growth
- −19.8%
- −36.5%
- +261.2%
- –
- +2.1%
Financial health
- 0.5×
- 0.32
- 21.2%
- 1.6×
- 2.28
- 1.44
- 0.97
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | 0.56 | 0.42 | +33.3% |
| Feb 12, 2026 | -0.25 | -0.42 | +41.1% |
| Nov 6, 2025 | -0.05 | -0.21 | +76.2% |
How safe it looks
0.0% of its profit
Room to growStretchedMore than it earns: 0.0%
News
Callaway Golf’s (CALY) Balance Sheet Execution Supports Long-Term UpsideYahoo Finance · Nov 3, 20263 Reasons CALY is Risky and 1 Stock to Buy InsteadYahoo Finance · Sep 11, 2026Good Good Golf ad fallout deepens as Callaway ends partnership, retailers pull gear and Golf Channel delays showMarketWatch · Aug 27, 2026Callaway Golf’s apology for ad showing woman being shoved to the ground exposes a major industry blind spotMarketWatch · Aug 26, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Questions about Callaway Golf
Is Callaway Golf a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Callaway Golf AI analysis
What does Callaway Golf do?
Callaway Golf Company designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. It operates in three business segments: Topgolf, Golf Equipment, and Active Lifestyle. It is in Leisure, based in Carlsbad, CA, United States, with 28,000 employees.
Does Callaway Golf pay a dividend?
Yes. At today's price the dividend is 5.6% a year.
Is Callaway Golf stock halal?
No. Callaway Golf does not pass our halal screen: its debt is 54% of its market value, at or above the 33% limit. How we check
How has Callaway Golf stock done over the past year?
Up 61.6% over the past twelve months, to $17.10. It traded between $9.36 and $19.66 and is 13.0% below its high.
Who are Callaway Golf's competitors?
The largest listed companies in the same industry are Oriental Land, Carnival Corporation &, ANTA Sports Products and BANDAI NAMCO Holdings. The peers table on this page compares their profit, growth and price with Callaway Golf's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.



