Stocks · Consumer Cyclical · Leisure
Callaway Golf Company CALY
$14.45 +0.91% Close, Oct 2, 2026 · NYSE · Market cap $2.60B
High quality
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 8.7% from -30.3% a year earlier.
- Earnings beat analyst estimates in each of the last 11 quarters (average surprise over the last four: +40.3%).
- Revenue over the last four quarters was $2.60B, down 37.2% from a year earlier, slowing from -26.0% a quarter earlier.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth1Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 2%
- FCF growth (TTM, YoY)Bottom 28%
- Revenue growth, 3-year CAGRBottom 1%
- Revenue growth accelerationBottom 4%
Quality91Exceptional
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 44%
- Gross marginTop 18%
- Operating marginTop 42%
- Cash conversion (OCF / net income)Top 12%
- Accruals (lower is better)Top 19%
- Net debt / EBITDA (lower is better)Top 14%
- Interest coverBottom 38%
Value73Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 41%
- Free-cash-flow yieldTop 22%
- EBITDA / enterprise valueTop 19%
- Sales / enterprise valueTop 41%
- P/E vs own 5-year history (lower is better)Top 46%
Momentum67Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 9%
- 6-month returnTop 43%
- 1-year return vs S&P 500Top 13%
- Distance from 52-week highBottom 48%
- Trend checklist (0–4)Bottom 47%
Revisions93Exceptional
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 23%
- Consecutive EPS beatsTop 8%
- Share of analysts rating BuyTop 29%
- Upside to consensus price targetTop 43%
Stability58Neutral
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 22%
- Maximum drawdown, 3 yearsBottom 30%
- Beta vs S&P 500 (lower is better)Bottom 33%
- Net debt / EBITDA (lower is better)Top 14%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -26.0% | -37.2% | ↓ |
| Gross margin | 62.9% | 52.8% | ↓ |
| Operating margin | -30.3% | 8.7% | ↑ |
| FCF margin | 8.6% | 11.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -37.2% | -26.0% | ↓ | Bottom 2% |
| Gross margin | 52.8% | 62.9% | ↓ | Top 18% |
| Operating margin | 8.7% | -30.3% | ↑ | Top 42% |
| Net margin | 3.4% | -36.1% | ↑ | — |
| Free-cash-flow margin | 11.1% | 8.6% | ↑ | — |
| Return on invested capital | 4.8% | — | Bottom 44% | |
| Revenue growth, 3-year CAGR | -19.8% | — | Bottom 1% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -10.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.6%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +17.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.09×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 3.27%
- Shareholder yield
- 3.27%
- Share count change, 1 year
- +2.7%
- Share count change, 3-year CAGR
- -1.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jun 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 11
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +40.3%
- Average 2-day reaction, last 8
- -0.0%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $19.43
- Target vs current price
- +34.5%
- Analysts with a rating
- 8
- Share rating Buy or Strong Buy
- 63%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 4, 2026 | +10.0% | +2.5% | -10.7% | -17.7% | — |
| May 7, 2026 | +33.3% | -0.1% | +3.8% | +1.5% | +29.2% |
| Feb 12, 2026 | +41.1% | -1.6% | -6.6% | -12.7% | +16.3% |
| Nov 6, 2025 | +76.9% | +0.1% | +14.5% | +27.5% | +56.4% |
| Aug 6, 2025 | +911.4% | -2.2% | -2.9% | +2.3% | +5.8% |
| May 12, 2025 | +283.3% | +7.6% | -4.6% | +0.7% | +19.8% |
| Feb 24, 2025 | +18.4% | -4.4% | -6.8% | -3.7% | -6.3% |
| Nov 12, 2024 | +111.6% | -2.3% | -15.5% | -15.3% | -24.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 4, 2026 | $0.39 | $0.35 | +10.0% | $612.2M |
| May 7, 2026 | $0.56 | $0.42 | +33.3% | $687.5M |
| Feb 12, 2026 | -$0.25 | -$0.42 | +41.1% | $367.5M |
| Nov 6, 2025 | -$0.05 | -$0.22 | +76.9% | $934.0M |
| Aug 6, 2025 | $0.24 | $0.02 | +911.4% | $1.11B |
| May 12, 2025 | $0.11 | -$0.06 | +283.3% | $1.09B |
| Feb 24, 2025 | -$0.33 | -$0.40 | +18.4% | $924.4M |
| Nov 12, 2024 | $0.02 | -$0.17 | +111.6% | $1.01B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 32.1× | 32.3× | 47th | Bottom 41% |
| P/E (forward) | 19.4× | — | — | — |
| EV / EBITDA | 8.1× | — | — | Top 19% |
| EV / Sales | 0.99× | — | — | Top 41% |
| Free-cash-flow yield | 11.09% | — | — | Top 22% |
| Earnings yield | 3.11% | — | — | Bottom 41% |
P/E over the past five years
Range 11.3× – 157.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -8.8%
- 200-day average slope (20 days)
- +2.3%
- Distance from 50-day average
- -10.1%
- Distance from 200-day average
- -5.5%
- RSI (14)
- 36.9
- Relative volume
- 0.83×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 31.2%
- Volatility vs own 5-year history
- 9th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.22
- Correlation with S&P 500
- 0.32
- Current drawdown from 1-year high
- -26.5%
- Maximum drawdown, 3 years
- -66.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 1, 2021 | Apr 8, 2025 | -85.1% | 968 days | Not yet recovered |
| Oct 22, 2020 | Oct 29, 2020 | -24.9% | 5 days | 19 days (Nov 25, 2020) |
| Feb 8, 2021 | Mar 24, 2021 | -17.6% | 31 days | 33 days (May 11, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $2.60B
- P/E (TTM)
- 32.1
- EPS, diluted (TTM)
- $0.45
- Revenue (TTM)
- $2.60B
- Dividend yield
- 2.38%
- 52-week range
- $8.39 – $20.28
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $3.13B | $4.00B | $4.28B | $4.24B | $2.06B |
| Gross profit | $1.86B | $2.41B | $2.65B | $2.65B | $867.6M |
| Operating income | $204.7M | $256.8M | $237.7M | -$1.26B | $128.1M |
| Net income | $322.0M | $157.9M | $95.0M | -$1.45B | $38.8M |
| EPS (diluted) | $1.82 | $0.78 | $0.47 | -$7.88 | $0.21 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $924.4M | $1.09B | $1.11B | $934.0M | $367.5M | $687.5M | $612.2M |
| Net income | -$3.6M | -$1.51B | $2.1M | $20.3M | -$14.7M | -$66.0M | $93.1M | $75.2M |
| EPS (diluted) | -$0.02 | -$8.23 | $0.01 | $0.11 | -$0.08 | -$0.36 | $0.47 | $0.42 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $278.3M | -$35.1M | $364.7M | $381.8M | $334.0M |
| Capital expenditure | -$322.3M | -$532.3M | -$482.0M | -$48.7M | -$32.6M |
| Free cash flow | -$44.0M | -$567.4M | -$117.3M | $333.1M | $301.4M |
| Dividends paid | -$3,000 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$15.9M | -$35.1M | -$51.8M | -$31.3M | -$3.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $278.1M
- Total assets
- $2.78B
- Total liabilities
- $620.5M
- Total debt
- $250.4M
- Net debt
- -$27.7M
- Shareholders’ equity
- $2.16B
As of Jun 30, 2026 (filed Jun 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Dec 19, 2025 | $0.11 | — |
| Dec 1, 2025 | $0.12 | — |
| Nov 3, 2025 | $0.12 | — |
| Oct 1, 2025 | $0.12 | — |
| Sep 2, 2025 | $0.11 | — |
| Aug 1, 2025 | $0.11 | — |
| Jul 1, 2025 | $0.10 | — |
| Jun 2, 2025 | $0.11 | — |
Short interest
- Shares sold short
- 6,486,845
- Days to cover
- 4.16
- Change vs previous report
- +23.9%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 13, 1995
- 2-for-1
- Mar 4, 1994
- 2-for-1
- Mar 22, 1993
- 2-for-1