Callaway Golf (CALY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Callaway Golf

NYSE•Consumer Cyclical•Leisure

$14.83-0.26(-0.02%)Pre-market

Market Cap

$2.64B

P/S

2.3x

P/B

1.2x

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 two business segments: Golf Equipment; and Apparel, Gear and Other. The company provides drivers, fairway woods, hybrids, irons, and wedges under the Callaway brands; packaged sets under the Callaway and Strata brands; and putters under Odyssey brand. It designs, manufactures, and sells golf clubs, golf balls, apparel, bags, and other accessories under TravisMathew and OGIO brand. It sells its products through golf retailers, sporting goods retailers, online retailers, mass merchants, department stores, third-party distributors, and merchants, and directly to consumers through its retail stores and websites. The company was formerly known as Topgolf Callaway Brands Corp. and changed its name to Callaway Golf Company in January 2026. The company was incorporated in 1982 and is headquartered in Carlsbad, California.

How this company scores

AverageMetricSide Score: 54/100

Strongest: Balance Sheet & Red Flags (21/25); weakest: Growth (9/25).

Profitability12/25

Growth9/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality12/25

Strengths

Low leverageProfit converts from growthImproving leverageNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 132.4x5y range 14.5x – 132.4x

Currently above its 12-quarter median.

P/S · 2.3x5y range 0.3x – 2.3x

Currently above its 20-quarter median.

P/B · 1.2x5y range 0.5x – 1.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -14.0x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $2.64B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.16B
Q. Revenue: $612.20M
TTM EBITDA: $138.60M
TTM Op. Income: $208.80M
Q. Op. Income: $114.80M
TTM Net Income: $-263.40M
Q. Net Income: $75.20M
EPS: $0.42
Shares Out.: $179.70M

$1.16B in TTM revenue declined 72.1% YoY, reaching $612.20M last quarter. TTM EBITDA of $138.60M and TTM operating income of $208.80M show growth is flowing through to the bottom line. However, net income is negative at $263.40M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 6 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 50.1%
EBITDA Margin: 20.3%
Op. Margin: 18.8%
Net Margin: 12.3%

Op. margin of 18.8% is up 9.2% YoY — cost efficiency is improving. Net margin at 12.3% and gross margin of 50.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 97% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 2.3x
P/B Ratio: 1.2x

P/S of 2.3x and P/B of 1.2x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.78B
Cash: $278.10M
Long-Term Debt: $4.10M
Book Value: $2.16B
D/E Ratio: 0.0
Debt/EBITDA: 0.0

With $2.78B in assets and $4.10M in long-term debt, D/E is 0.0and book value is $2.16B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $249.50M
TTM Free Cash Flow: $466.90M
FCF Margin: 40.4%
FCF / Net Income: -1.8

TTM FCF of $466.90M on $249.50M in operating cash flow. The FCF / Net Income ratio of -1.8x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 2680% — an improving trend.