Stocktoria

Callaway Golf Co CALY

NYSE · stock · Sporting & Athletic Goods, NEC · website · IPO 1992-02-28

Callaway Golf Co statistics & valuation

Market cap$3.5B
P / S1.7×
P / B1.7×
P / FCF11.5×
Net margin-19.9%
Return on equity-19.8%
FCF margin14.7%
Net debt$512.8M
Net debt / EBITDA2.9×
Enterprise value USD$4.0B
EV / EBITDA22.8×
Earnings yield EBIT/EV3.2%
Return on capital4.4%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
21.80% 3.90% 8.40% 4.70% -8.00% 10.30% 4.00% 4.50% -69.70% -19.90% 2016201720182019202020212022202320242025
Gross margin (%)
44.20% 45.80% 46.50% 45.10% 41.40% 43.50% 42.70% 42.10% 2016201720182019202020212022202320242025
Operating margin (%)
5.10% 7.50% 10.30% 7.80% -6.60% 6.50% 6.40% 9.10% 7.40% 6.20% 2016201720182019202020212022202320242025
Return on equity (%)
31.20% 6.20% 14.30% 10.30% -18.80% 8.70% 4.20% 2.40% -60.10% -19.80% 2016201720182019202020212022202320242025
Shares outstanding
95.8M 96.6M 97.2M 96.3M 95.6M 186.2M 201.3M 201.1M 199.3M 185.7M 2016201720182019202020212022202320242025
Net debt ($)
-$126.0M -$54.5M -$56.8M $336.6M $299.2M $692.2M $1.01B $1.14B $983.9M $512.8M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
23.70% 4.10% 9.90% 4.10% -6.40% 4.20% 1.80% 1.00% -19.00% -5.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
7.10% 8.70% 4.50% 1.90% 11.90% -1.40% -14.20% 14.80% 16.00% 14.70% 2016201720182019202020212022202320242025
Debt / equity (×)
0.00× 0.01× 0.01× 0.58× 0.98× 0.28× 0.32× 0.40× 0.59× 0.68× 2016201720182019202020212022202320242025
EPS ($)
$1.98 $0.42 $1.08 $0.82 -$1.35 $1.82 $0.82 $0.50 -$7.23 -$2.20 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Callaway Golf Co trades at about 33.1× earnings — above its 10-year norm (10-year range 5.7×–51.2×, median 26.3×).

5.7× 51.2×

Shaded band = 10-year range (5.7×–51.2×); dot = today's 33.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin42.1%42.7%43.5%——41.4%45.1%46.5%45.8%44.2%
Operating margin6.2%7.4%9.1%6.4%6.5%-6.6%7.8%10.3%7.5%5.1%
Net margin-19.9%-69.7%4.5%4.0%10.3%-8.0%4.7%8.4%3.9%21.8%
FCF margin14.7%16.0%14.8%-14.2%-1.4%11.9%1.9%4.5%8.7%7.1%
Return on assets-5.6%-19.0%1.0%1.8%4.2%-6.4%4.1%9.9%4.1%23.7%
Return on equity-19.8%-60.1%2.4%4.2%8.7%-18.8%10.3%14.3%6.2%31.2%
Debt / equity0.68×0.59×0.40×0.32×0.28×0.98×0.58×0.01×0.01×0.00×
Current ratio1.361.941.721.291.352.331.511.731.482.46

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.