Callaway Golf Company
CALY
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Callaway Golf Company is positioned well in the leisure industry, benefiting from a growing interest in golf and outdoor activities post-pandemic.
- In the most recent quarter, Callaway reported a gross margin of 50.1%, up from 47.5% in the prior quarter, indicating improved efficiency in production.
- The company's revenue for the last quarter was $612 million, showing a solid performance despite a slight decline from the previous quarter.
- The company has faced significant challenges, including a negative net income of $417 million for the fourth quarter of 2025, raising concerns about profitability.
- Callaway's operating margin has been declining, with a low of 3.29% in the third quarter of 2025, reflecting operational inefficiencies.
- The overall revenue trend has been concerning, with a year-over-year revenue decrease from $2077.7 million in 2024 to $2060.1 million in 2025.
Fundamentals
| Market cap | $2.48B | Enterprise value | $2.47B | Trailing P/E | 15.94 | Forward P/E | 15.65 |
| PEG | 0.72 | Price / book | 1.15 | Beta | 0.96 | Dividend yield | 0.00% |
| Revenue growth | 2.0% | Earnings growth | 262.1% | Gross margin | 44.3% | Operating margin | 17.3% |
| Profit margin | -12.4% | ROE | 3.5% | ROA | 2.4% | Debt / equity | 0.13 |
| Current ratio | 3.04 | Free cash flow | $94.22M | Analyst recommendation | none | Mean target | $20.40 |
| 52w high | $20.28 | 52w low | $8.39 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $612M | $688M | -$1.1B | $934M | $600M | — |
| Op margin | 18.8% | 20.1% | 7.2% | 3.3% | 12.4% | — |
| Net income | $75.2M | $93.1M | -$417M | -$14.7M | $20.3M | — |
| Gross margin | 50.1% | 47.5% | 103.1% | 64.7% | 43.9% | — |
| Gross profit | $307M | $327M | -$1.1B | $604M | $263M | — |
| Operating income | $115M | $138M | -$77.3M | $30.7M | $74.3M | — |
- Revenue -11% vs prior quarter ($612M vs $688M).
- Gross margin 50.1% (was 47.5% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.1B | $2.1B | $4.0B | — |
| Op margin | 6.2% | 7.4% | 9.1% | 7.2% | — |
| Net income | -$409M | -$1.4B | $95.0M | $158M | — |
| Gross margin | 42.1% | 42.7% | 43.5% | 60.3% | — |
| Gross profit | $868M | $887M | $927M | $2.4B | — |
| Operating income | $128M | $153M | $194M | $287M | — |
Headlines — watch
• [WARN · legal] 3 Consumer Stocks Walking a Fine Line
News
2026-10-08 · 2 Cash-Producing Stocks to Target This Week and 1 We Question
2026-09-30 · 3 Profitable Stocks with Open Questions
2026-09-21 · 3 Russell 2000 Stocks We Find Risky
2026-09-16 · 3 of Wall Street’s Favorite Stocks That Fall Short
2026-09-14 · UBS Adjusts Callaway Golf Price Target to $17 From $19, Maintains Neutral Rating
2026-09-11 · 3 Reasons CALY is Risky and 1 Stock to Buy Instead
2026-09-01 · Truist Lifts Price Target on Callaway Golf to $20 From $19, Keeps Buy Rating
2026-08-31 · Executive Withholds 7,000 Shares of Golf Stock for Tax Obligations
2026-08-28 · Warsh’s Silence Could Be Louder Than Marvell’s Earnings
2026-08-27 · Callaway Golf Ends Co-Branding Deal After Viral Ad Backlash
2026-08-27 · 'Mistakes were made': Ad showing a male golfer shoving a woman to the ground puts Callaway Golf in hot water
Price (daily)
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