Callaway Golf
Designs golf clubs, balls, apparel, bags, and travel gear across four brands.
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Profile
Sells Callaway and Odyssey clubs, balls, and putters alongside TravisMathew apparel and OGIO bags and travel gear through wholesale, retail, and direct channels worldwide. Golf Equipment is the larger segment, while Topgolf is now a noncontrolling equity-method investment rather than an operating business.
Designs, manufactures, and sells golf clubs and balls through Callaway Golf and Odyssey, while TravisMathew and OGIO extend the portfolio into golf and lifestyle apparel, bags, travel gear, and accessories. Golf Equipment is the larger of two operating segments; Apparel, Gear and Other combines branded soft goods with licensing royalties.
Develops products with computer-aided design, structural analysis, testing robots, and custom fitting, then sells through pro shops, specialty and sporting-goods retailers, distributors, company websites, and selected stores. The United States is the largest market, with Europe and Asia the main international regions.
Sales depend on seasonal golf participation, retailer reorders, limited suppliers, global contract manufacturing, and conformity with USGA and R&A equipment rules. Jack Wolfskin and Topgolf are excluded from continuing operations; a noncontrolling Topgolf stake remains an equity-method investment.
Company facts
Categories
Key statistics
Year to date +33.8% · Average volume (30d) 1.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 5, 2026 | Roth Capital | Reiterate | Buy | $20 | $22 |
| Aug 5, 2026 | Morgan Stanley | Target | $17 | $19 | |
| Aug 5, 2026 | KeyBanc | Reiterate | Overweight | $22 | |
| Jun 26, 2026 | UBS | Reiterate | Neutral | $15 | $19 |
| Jun 15, 2026 | Truist Financial | Target | $17 | $19 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.35 | $0.39 | +10.0% | $605.6M | $612.2M | +1.1% | −2.35% |
| May 7, 2026Q1 FY26 | $0.42 | $0.56 | +33.3% | $651.7M | $687.5M | +5.5% | +18.62% |
| Feb 12, 2026Q4 FY25 | −$0.42 | −$0.25 | +41.1% | $787.4M | $367.5M | −53.3% | −15.05% |
| Nov 6, 2025Q3 FY25 | −$0.21 | −$0.05 | +76.2% | $904.3M | $934.0M | +3.3% | +14.35% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.09B | $1.11B | $934.0M | $367.5M | $687.5M | $612.2M | |
| Gross profit | $667.5M | $705.6M | $604.3M | $136.3M | $326.7M | $306.7M | |
| Operating income | $66.5M | $105.8M | $28.3M | −$54.1M | $138.2M | $114.8M | |
| Net income | $2.1M | $20.3M | −$14.7M | −$66.0M | $93.1M | $75.2M | |
| Diluted EPS | $0.01 | $0.11 | −$0.08 | −$0.36 | $0.47 | $0.42 | |
| Gross margin | 61.1% | 63.5% | 64.7% | 37.1% | 47.5% | 50.1% | |
| Operating margin | 6.1% | 9.5% | 3.0% | -14.7% | 20.1% | 18.8% |
Fiscal years (4-quarter sums)FY21 $3.13B · FY22 $4.00B · FY23 $4.28B · FY24 $4.24B · FY25 $3.50B
Balance sheet, Jun 30, 2026Cash & short-term investments $278.1M · Total debt $250.4M · Total assets $2.78B · Shareholders' equity $2.16B
Dividends
Last cut to $0.1142 from $0.1152 in Dec 2025.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Dec 19, 2025 | $0.1142 | cut from $0.1152 | ||
| Dec 1, 2025 | $0.1152 | |||
| Nov 3, 2025 | $0.1152 | cut from $0.1157 | ||
| Oct 1, 2025 | $0.1157 | raised from $0.1058 | ||
| Sep 2, 2025 | $0.1058 | cut from $0.1067 | ||
| Aug 1, 2025 | $0.1067 | raised from $0.0988 | ||
| Jul 1, 2025 | $0.0988 | cut from $0.1057 | ||
| Jun 2, 2025 | $0.1057 | cut from $0.1191 |
Ownership
Shares outstanding 179.76M · Float 154.81M · 86.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| PEP TG Investments GP LLC · 10 percent owner | 11.18M | 6.22% | Form 4 | Jan 28, 2026 |
| Erik J. Anderson · director | 619.6K | 0.34% | Form 4 | May 21, 2026 |
| Mark F. Leposky · officer: EVP,Chief Supply Chain Officer | 348.7K | 0.19% | Form 4 | Apr 23, 2026 |
| LPL Financial LLC | 345.4K | 0.19% | 13F | Aug 7, 2026 |
| Citizens Financial Group Inc/RI | 286.4K | 0.16% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Oliver G. Iii Brewer | director, officer: President and CEO | −1,107 | $18.00 |
| Aug 6, 2026 | Oliver G. Iii Brewer | director, officer: President and CEO | −53,339 | $18.30 |
| Aug 6, 2026 | Glenn F. Hickey | officer: EVP & Pres., Callaway Sales | −28,843 | $18.74 |
| May 12, 2026 | Erik J. Anderson | director | −25,000 | $15.74 |
| May 11, 2026 | Erik J. Anderson | director | −75,000 | $17.12 |
Peers
- Acushnet
Closest public pure-play across balls, clubs, putters, gear, and golf wear
- Nike
Golf apparel, footwear, and accessories peer for TravisMathew
