Callaway Golf Company (CALY) Stock

Callaway Golf Company (CALY) is a Consumer Discretionary stock trading at $15.88 (as of 2026-08-21), with a market capitalization of $2.84B and a trailing P/E of 11.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Callaway Golf Company designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and related accessories through segments including Topgolf, Golf Equipment, and Active Lifestyle. It operates golf venues with technology-enabled hitting bays and ball-flight tracking, and sells clubs, balls, apparel, footwear, and accessories under brands such as Callaway, Odyssey, TravisMathew, and OGIO.

Understand Callaway Golf Company: how it makes money

Callaway Golf Company designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and accessories, and it also operates technology-enabled Topgolf venues; it makes money from net revenue generated through Topgolf venues (including Toptracer ball-flight tracking) and from selling golf equipment and active lifestyle products.

The profit model is driven by having two fundamentally different revenue engines, Topgolf venues (technology-enabled hitting bays plus bars, dining, and event spaces) and consumer product sales (drivers, clubs including pre-owned, and apparel), so results depend on how demand and mix perform across these engines.

Business quality (Weak): Understandable multi-engine business (venues plus products), with identifiable operating signals (net revenue trend, Chrome Tour premium golf ball market share), but near-term momentum appears pressured by a year-over-year net revenue decline.

Bull case

  • Technology-enabled venue offering: Topgolf operates venues with technology-enabled hitting bays and Toptracer ball-flight tracking, plus bars, dining areas, and event spaces.
  • Premium ball presence: The company holds 11.0 percent premium golf ball category market share for Chrome Tour.

Bear case

  • Pressure in overall net revenue: Net Revenue Decline Year over Year is 1.9 percent.
  • Mix risk between venues and products: Because Topgolf revenues come from operating venues while Golf Equipment and Active Lifestyle revenues come from product sales (including pre-owned clubs), performance can be uneven if consumer demand and venue activity diverge.
Valuation — source: SEC EDGAR (first-party)
Price$15.88
Market Cap$2.84B
P/E Ratio11.5
EV / EBITDA5.0
Price / Book1.31
Price / Sales0.97
FCF Yield-8.1%
DCF Value (model)$2.94
DCF Upside vs Price-81.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.06B
Net Margin-19.9%
Revenue Growth (YoY)-51.4%
EPS Growth (YoY)-71.7%
FCF Growth (YoY)249.0%
Financial Health — source: SEC EDGAR
Altman Z-Score0.76 (distress)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Stock P/E11.5
Sector P/E (Consumer Discretionary)20.7
Industry P/E (Recreation)23.6
vs Sector-44.5%
vs Industry-51.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($281.52M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryRecreation
CEOOliver G. Brewer
Employees30,000
CountryUS
IPO Date1992-02-28

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CALY earnings history · CALY institutional & insider holders · CALY KPIs & operating metrics · CALY financials · CALY investor presentations & press releases · CALY SEC filings · CALY peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.