Callaway Golf Company (CALY) financials
Callaway Golf revenue and earnings by year
Callaway Golf's revenue was $2.06 billion in the fiscal year to December 31, 2025, down 0.8% from the year before. Net income was -$409 million, -19.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 10.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.06 | 2.08 | 2.13 | 4.00 | 3.13 | 1.59 | 1.70 | 1.24 | 1.05 | 0.87 |
| Revenue growth | -0.8% | -2.6% | -46.6% | 27.5% | 97.1% | -6.6% | 36.9% | 18.5% | 20.4% | — |
| Gross profit | 0.87 | 0.89 | 0.93 | 2.41 | 1.86 | 0.66 | 0.77 | 0.58 | 0.48 | 0.39 |
| Gross margin | 42.1% | 42.7% | 43.5% | 60.3% | 59.5% | 41.4% | 45.1% | 46.5% | 45.8% | 44.2% |
| Operating income | 0.13 | 0.15 | 0.19 | 0.26 | 0.20 | -0.11 | 0.13 | 0.13 | 0.08 | 0.04 |
| Operating margin | 6.2% | 7.4% | 9.1% | 6.4% | 6.5% | -6.6% | 7.8% | 10.3% | 7.5% | 5.1% |
| Net income | -0.41 | -1.45 | 0.10 | 0.16 | 0.32 | -0.13 | 0.08 | 0.10 | 0.04 | 0.19 |
| Net margin | -19.9% | -69.7% | 4.5% | 4.0% | 10.3% | -8.0% | 4.7% | 8.4% | 3.9% | 21.8% |
| Diluted EPS | -$2.22 | -$7.88 | $0.50 | $0.82 | — | -$1.37 | $0.81 | $1.08 | $0.43 | $1.98 |
| Free cash flow | 0.30 | 0.33 | 0.31 | -0.57 | -0.04 | 0.19 | 0.03 | 0.06 | 0.09 | 0.06 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CALY in Markets.
How Callaway Golf makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Golf Equipment | $430M | 70.3% |
| Apparel Gear & Other | $182M | 29.7% |
See also: CALY valuation and P/E history · CALY returns
No forecast, no recommendation. This page describes Callaway Golf Company from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.