CALY Stock Analysis: Callaway Golf | NYSE
Leisure | NYSE, USA | Market Cap: 3.308m USD | 12M Return: 139.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 39.6M
Qual. Beats: 9
Rev. Trend: -70.7%
Warnings
Tailwinds
Seasonality 10.5 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) designs, manufactures, and sells golf equipment, apparel, and accessories across the United States, Europe, and Asia, operating through two business segments: Golf Equipment and Apparel, Gear and Other. The company markets drivers, fairway woods, hybrids, irons, and wedges under the Callaway brand, putters under the Odyssey brand, and apparel, bags, and accessories under the TravisMathew and OGIO brands. As a multi-brand consumer products company, Callaway follows a portfolio strategy common in the sporting goods industry, targeting different price points and consumer segments through differentiated labels.
Its products reach customers through a diversified distribution network that includes golf and sporting goods retailers, online retailers, mass merchants, department stores, third-party distributors, and a direct-to-consumer channel via its own retail stores and websites. Operating in the Consumer Discretionary sector under Leisure Products, the companys revenue is tied to discretionary spending on recreational activities, which can be sensitive to broader economic conditions and seasonal demand patterns.
The company was incorporated in 1982 and is headquartered in Carlsbad, California. It was formerly known as Topgolf Callaway Brands Corp. and changed its name back to Callaway Golf Company in January 2026.
- Topgolf venue expansion and same-store sales drive revenue
- Golf equipment product cycle lifts drivers and balls margins
- TravisMathew apparel growth diversifies revenue base
| Net Income: 32.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 7.90 > 1.0 |
| NWC/Revenue: -88.47% < 20% (prev 24.75%; Δ -113.2% < -1%) |
| CFO/TA 0.08 > 3% & CFO 249.2m > Net Income 32.7m |
| Net Debt (379.3m) to EBITDA (353.0m): 1.07 < 3 |
| Current Ratio: 0.37 > 1.5 & < 3 |
| Outstanding Shares: last quarter (202.7m) vs 12m ago 10.46% < -2% |
| Gross Margin: 57.20% > 18% (prev 62.76%; Δ -5.56% > 0.5%) |
| Asset Turnover: 57.01% > 50% (prev 54.42%; Δ 2.58% > 0%) |
| Interest Coverage Ratio: 1.42 > 6 (EBIT TTM 198.5m / Interest Expense TTM 139.3m) |
| A: -0.86 (Total Current Assets 1.63b - Total Current Liabilities 4.37b) / Total Assets 3.18b |
| B: -0.26 (Retained Earnings -816.4m / Total Assets 3.18b) |
| C: 0.04 (EBIT TTM 198.5m / Avg Total Assets 5.44b) |
| D: 2.01 (Book Value of Equity 2.12b / Total Liabilities 1.06b) |
| Altman-Z'' = -4.14 = D |
| DSRI: 1.27 (Receivables 438.9m/466.1m, Revenue 3.10b/4.19b) |
| GMI: 1.10 (GM 62.76% / 57.20%) |
| AQI: 1.33 (AQ_t 0.39 / AQ_t-1 0.29) |
| SGI: 0.74 (Revenue 3.10b / 4.19b) |
| TATA: -0.07 (NI 32.7m - CFO 249.2m) / TA 3.18b) |
| Beneish M = -2.71 (Cap -4..+1) = A |
As of July 16, 2026, the stock is trading at USD 19.66 with a total of 1,339,177 shares traded. Over the past week, the price has changed by +8.80%, over one month by +15.11%, over three months by +41.13% and over the past year by +139.22%.
Current recommended Stop Loss: 18.90 (which is 3.9% or 1.2 ATR below the current price).
Callaway Golf has no consensus analysts rating.
P/E Trailing = 70.7692
P/E Forward = 40.4858
P/S = 1.5616
P/B = 1.5573
P/EG = 0.7165
Revenue TTM = 3.10b USD
EBIT TTM = 198.5m USD
EBITDA TTM = 353.0m USD
Long Term Debt = 152.9m USD (from longTermDebt, last quarter)
Short Term Debt = 341.1m USD (from shortTermDebt, last quarter)
Debt = 878.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 203.7m
Net Debt = 379.3m USD (calculated: Debt 878.8m - CCE 499.5m)
Enterprise Value = 3.69b USD (3.31b + Debt 878.8m - CCE 499.5m)
Interest Coverage Ratio = 1.42 (Ebit TTM 198.5m / Interest Expense TTM 139.3m)
EV/FCF = 13.20x (Enterprise Value 3.69b / FCF TTM 279.4m)
FCF Yield = 7.58% (FCF TTM 279.4m / Enterprise Value 3.69b)
FCF Margin = 9.01% (FCF TTM 279.4m / Revenue TTM 3.10b)
Net Margin = 1.06% (Net Income TTM 32.7m / Revenue TTM 3.10b)
Gross Margin = 57.20% ((Revenue TTM 3.10b - Cost of Revenue TTM 1.33b) / Revenue TTM)
Gross Margin QoQ = 47.52% (prev 37.09%)
Tobins Q-Ratio = 1.16 (Enterprise Value 3.69b / Total Assets 3.18b)
Interest Expense / Debt = 15.85% (Interest Expense 139.3m / Debt 878.8m)
Taxrate = 30.39% (32.7m / 107.6m)
NOPAT = 138.2m (EBIT 198.5m * (1 - 30.39%))
Current Ratio = 0.37 (Total Current Assets 1.63b / Total Current Liabilities 4.37b)
Debt / Equity = 0.41 (Debt 878.8m / totalStockholderEquity, last quarter 2.12b)
Debt / EBITDA = 1.07 (Net Debt 379.3m / EBITDA 353.0m)
Debt / FCF = 1.36 (Net Debt 379.3m / FCF TTM 279.4m)
Total Stockholder Equity = 2.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.60% (Net Income 32.7m / Total Assets 3.18b)
RoE = 1.43% (Net Income TTM 32.7m / Total Stockholder Equity 2.29b)
RoCE = 8.13% (EBIT 198.5m / Capital Employed (Equity 2.29b + L.T.Debt 152.9m))
RoIC = 5.21% (NOPAT 138.2m / Invested Capital 2.65b)
WACC = 10.90% (E(3.31b)/V(4.19b) * Re(10.86%) + D(878.8m)/V(4.19b) * Rd(15.85%) * (1-Tc(0.30)))
Discount Rate = 10.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -10.12 | Cagr: 0.44%
[DCF] Terminal Value 70.19% ; FCFF base≈195.0m ; Y1≈223.5m ; Y5≈328.9m
[DCF] Fair Price = 16.86 (EV 3.41b - Net Debt 379.3m = Equity 3.03b / Shares 179.8m; r=10.90% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 2.20 | # QB: 9
Revenue Correlation: -70.67 | Revenue CAGR: -7.50% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.35 | Chg30d=+3.81% | Revisions=+40% | Analysts=10
EPS next Quarter (2026-09-30): EPS=-0.03 | Chg30d=N/A | Revisions=+0% | Analysts=10
EPS current Year (2026-12-31): EPS=0.68 | Chg30d=+5.35% | Revisions=+50% | GrowthEPS=+221.4% | GrowthRev=+0.3%
EPS next Year (2027-12-31): EPS=0.79 | Chg30d=+4.80% | Revisions=+50% | GrowthEPS=+17.4% | GrowthRev=+3.3%
[Analyst] Revisions Ratio: +62% (up=9, down=1)