CALY Stock Analysis: Callaway Golf | NYSE
Leisure | NYSE, USA | Market Cap: 2.457m USD | 12M Return: 54.2% | US1311931042 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 30.1M
Qual. Beats: 0
Rev. Trend: -78.3%
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Callaway Golf Company (NYSE: CALY) is a Carlsbad, California-based consumer products company that designs, manufactures, and sells golf equipment, apparel, and accessories across the U.S., Europe, and Asia. It operates through two segments: Golf Equipment and Apparel, Gear and Other, with a brand portfolio that includes Callaway, Strata, Odyssey, TravisMathew, and OGIO.
The company distributes its products through a multi-channel network, including golf and sporting goods retailers, online retailers, mass merchants, department stores, third-party distributors, and its own retail stores and websites. The company was incorporated in 1982 and recently changed its name from Topgolf Callaway Brands Corp. to Callaway Golf Company in January 2026.
Callaway is classified under the Consumer Discretionary sector and the Leisure Products sub-industry within the GICS framework. Its business model combines traditional golf equipment manufacturing with lifestyle apparel and accessories, allowing it to capture revenue across multiple consumer touchpoints within the broader golf and active lifestyle market.
- Topgolf venue traffic and segment revenue trends
- TravisMathew apparel brand growth drives margins
- Golf equipment sales lift on new product launches
| Net Income: 87.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 5.69 > 1.0 |
| NWC/Revenue: 32.20% < 20% (prev 20.91%; Δ 11.29% < -1%) |
| CFO/TA 0.13 > 3% & CFO 372.8m > Net Income 87.6m |
| Net Debt (171.9m) to EBITDA (317.1m): 0.54 < 3 |
| Current Ratio: 3.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (190.1m) vs 12m ago 2.70% < -2% |
| Gross Margin: 52.82% > 18% (prev 62.86%; Δ -10.04% > 0.5%) |
| Asset Turnover: 50.07% > 50% (prev 54.42%; Δ -4.35% > 0%) |
| Interest Coverage Ratio: 2.59 > 6 (EBIT TTM 220.9m / Interest Expense TTM 85.2m) |
| A: 0.30 (Total Current Assets 1.25b - Total Current Liabilities 409.9m) / Total Assets 2.78b |
| B: -0.27 (Retained Earnings -741.2m / Total Assets 2.78b) |
| C: 0.04 (EBIT TTM 220.9m / Avg Total Assets 5.20b) |
| D: 3.48 (Book Value of Equity 2.16b / Total Liabilities 620.5m) |
| Altman-Z'' = 5.05 = AAA |
| DSRI: 1.27 (Receivables 363.6m/455.5m, Revenue 2.60b/4.14b) |
| GMI: 1.19 (GM 62.86% / 52.82%) |
| AQI: 1.49 (AQ_t 0.44 / AQ_t-1 0.29) |
| SGI: 0.63 (Revenue 2.60b / 4.14b) |
| TATA: -0.10 (NI 87.6m - CFO 372.8m) / TA 2.78b) |
| Beneish M = -2.62 (Cap -4..+1) = A |
As of October 17, 2026, the stock is trading at USD 13.81 with a total of 1,286,765 shares traded. Over the past week, the price has changed by +1.02%, over one month by -6.88%, over three months by -29.00% and over the past year by +54.16%.
Current recommended Stop Loss: 13.30 (which is 3.7% or 1.3 ATR below the current price).
Callaway Golf has received a consensus analysts rating of 3.82. Therefore, it is recommended to buy CALY.
- StrongBuy: 5
- Buy: 0
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 20.4 | 47.7% |
P/E Trailing = 15.7126
P/E Forward = 18.8679
P/S = 1.1458
P/B = 1.2226
P/EG = 0.7165
Revenue TTM = 2.60b USD
EBIT TTM = 220.9m USD
EBITDA TTM = 317.1m USD
Long Term Debt = 4.10m USD (from longTermDebt, last quarter)
Short Term Debt = 69.8m USD (from shortTermDebt, last quarter)
Debt = 450.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 199.6m
Net Debt = 171.9m USD (calculated: Debt 450.0m - CCE 278.1m)
Enterprise Value = 2.63b USD (2.46b + Debt 450.0m - CCE 278.1m)
Interest Coverage Ratio = 2.59 (Ebit TTM 220.9m / Interest Expense TTM 85.2m)
EV/FCF = 9.13x (Enterprise Value 2.63b / FCF TTM 288.0m)
FCF Yield = 10.95% (FCF TTM 288.0m / Enterprise Value 2.63b)
FCF Margin = 11.07% (FCF TTM 288.0m / Revenue TTM 2.60b)
Net Margin = 3.37% (Net Income TTM 87.6m / Revenue TTM 2.60b)
Gross Margin = 52.82% ((Revenue TTM 2.60b - Cost of Revenue TTM 1.23b) / Revenue TTM)
Gross Margin QoQ = 50.10% (prev 47.52%)
Tobins Q-Ratio = 0.94 (Enterprise Value 2.63b / Total Assets 2.78b)
Interest Expense / Debt = 18.93% (Interest Expense 85.2m / Debt 450.0m)
Taxrate = 48.42% (65.7m / 135.7m)
NOPAT = 113.9m (EBIT 220.9m * (1 - 48.42%))
Current Ratio = 3.04 (Total Current Assets 1.25b / Total Current Liabilities 409.9m)
Debt / Equity = 0.21 (Debt 450.0m / totalStockholderEquity, last quarter 2.16b)
Debt / EBITDA = 0.54 (Net Debt 171.9m / EBITDA 317.1m)
Debt / FCF = 0.60 (Net Debt 171.9m / FCF TTM 288.0m)
Total Stockholder Equity = 2.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.69% (Net Income 87.6m / Total Assets 2.78b)
RoE = 3.97% (Net Income TTM 87.6m / Total Stockholder Equity 2.21b)
RoCE = 9.99% (EBIT 220.9m / Capital Employed (Equity 2.21b + L.T.Debt 4.10m))
RoIC = 4.93% (NOPAT 113.9m / Invested Capital 2.31b)
WACC = 10.19% (E(2.46b)/V(2.91b) * Re(10.27%) + D(450.0m)/V(2.91b) * Rd(18.93%) * (1-Tc(0.48)))
Discount Rate = 10.27% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 19.30 | Cagr: 1.36%
[DCF] Terminal Value 66.54% ; FCFF base≈314.6m ; Y1≈275.9m ; Y5≈222.9m
[DCF] Fair Price = 14.33 (EV 2.75b - Net Debt 171.9m = Equity 2.58b / Shares 179.8m; r=10.19% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.80 | # QB: 0
Revenue Correlation: -78.26 | Revenue CAGR: -12.97% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.01 | Chg30d=N/A | Revisions=+25% | Analysts=10
EPS current Year (2026-12-31): EPS=0.74 | Chg30d=+1.74% | Revisions=+40% | GrowthEPS=+254.4% | GrowthRev=+0.2%
EPS next Year (2027-12-31): EPS=0.89 | Chg30d=+1.34% | Revisions=+0% | GrowthEPS=+19.1% | GrowthRev=+3.3%
[Analyst] Revisions Ratio: +38% (up=4, down=1)