Inside the research
Callaway Golf Company
CALY Research profile · latest available data
Price overview
$14.44
▲ +0.19 (+1.3%)
| 52w hi | $19.66 |
|---|---|
| 52w lo | $8.39 |
| Vol | 1.50M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.37
| Short | -0.27 |
|---|---|
| Medium | -0.46 |
| Long | -0.38 |
computed 2026-09-27
Key fundamentals
Callaway Golf Company
Consumer Cyclical · Leisure
| Market cap | $2.58B |
|---|---|
| Enterprise value | $2.57B |
| Trailing P/E | 33.58x |
| Forward P/E | 16.29x |
| EV / EBITDA | 10.49x |
| P / S (ttm) | 1.22x |
| Profit margin | -12.4% |
| Return on equity | 3.5% |
| Revenue growth | +2.0% |
| Earnings growth | +262.1% |
| Debt / equity | 12.64 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.15 | |
| Sector | -0.03 | |
| Technical | -0.27 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Callaway Golf Company designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. It operates in two business segments: Golf Equipment; and Apparel, Gear and Other. The company provides drivers, fairway woods, hybrids, irons, and wedges under the Callaway brands; packaged sets under the Callaway and Strata brands; and putters under Odyssey brand. It designs, manufactures, and sells golf clubs, golf balls, apparel, bags, and other accessories under TravisMathew and OGIO brand. It sells its products through golf retailers, sporting goods retailers, online retailers, mass merchants, department stores, third-party distributors, and merchants, and directly to consumers through its retail stores and websites. The company was formerly known as Topgolf Callaway Brands Corp. and changed its name to Callaway Golf Company in January 2026. The company was incorporated in 1982 and is headquartered in Carlsbad, California.
Risk Metrics
| Beta vs SPX | 1.29 |
|---|---|
| Corr SPX | 0.36 |
| Annual vol | 57.4% |
| Annual ret | +31.3% |
| Sharpe | 0.55 |
| Max DD | -49.4% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-04 | Earnings Release, Exhibits | read |
| 2026-06-01 | Reg FD Disclosure, Exhibits | read |
| 2026-05-26 | Material Agreement, Shareholder Vote… | read |
| 2026-05-07 | Earnings Release, Exhibits | read |
| 2026-02-27 | Reg FD Disclosure, Exhibits | read |
| 2026-02-12 | Earnings Release, Exhibits | read |
| 2026-01-16 | Bylaws Amendment, Exhibits | read |
| 2026-01-07 | Material Agreement, Acquisition / Disposition… | read |
| 2025-12-05 | Officer / Director Change | read |
| 2025-11-25 | Reg FD Disclosure, Exhibits | read |
| 2025-11-18 | Material Agreement, Reg FD Disclosure… | read |
| 2025-11-06 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-07 | BREWER OLIVER G III | President and CEO | Sell | 520 | $9.36K |
| 2026-08-07 | BREWER OLIVER G III | President and CEO | Sell | 293 | $5.27K |
| 2026-08-07 | BREWER OLIVER G III | President and CEO | Sell | 294 | $5.29K |
| 2026-08-06 | Hickey Glenn F. | EVP & Pres., Callaway Sal | Sell | 28.84K | $540.56K |
| 2026-08-06 | BREWER OLIVER G III | President and CEO | Sell | 14.13K | $258.64K |
| 2026-08-06 | BREWER OLIVER G III | President and CEO | Sell | 25.07K | $458.76K |
| 2026-08-06 | BREWER OLIVER G III | President and CEO | Sell | 14.13K | $258.66K |
| 2026-06-15 | Ogunlesi Adebayo O. | Grant | 1.61K | — | |
| 2026-06-15 | FLEISCHER RUSSELL L | Grant | 1.68K | — | |
| 2026-05-29 | THORNLEY ANTHONY S | Option exercise | 18.55K | — |
Flow & Concentration
| Insider 180d net | -$1.54M |
|---|---|
| Insider buys / sells | 0 / 7 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 93.2% |
| HHI | 2,769 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $103.81M | 5.52M |
| Citadel Advisors | $36.10M | 1.92M |
| Fidelity / FMR LLC | $32.08M | 1.71M |
| Renaissance Technologies | $25.16M | 1.34M |
| Millennium Management | $12.64M | 672.46K |
| Capital Research / Capital World | $10.75M | 572.18K |
| AQR Capital Management | $3.24M | 172.37K |
| Bridgewater Associates | $1.31M | 69.50K |
| T. Rowe Price Group | $3.59K | 190.91K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2011–2025 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $452.30M | -4.7% | |
| Gross profit | $867.60M | +10.8% | |
| Operating income | $152.90M | +19.5% | |
| Net income | -$1.45B | +17.4% | |
| Cash from ops | $364.70M | +19.5% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $14.46 | $14.56 | $14.25 | $14.44 | 1.50M |
| Sep 24 | $14.47 | $14.57 | $14.20 | $14.25 | 3.06M |
| Sep 23 | $14.64 | $14.74 | $14.41 | $14.59 | 1.75M |
| Sep 22 | $14.99 | $15.15 | $14.73 | $14.81 | 2.04M |
| Sep 21 | $14.73 | $14.89 | $14.53 | $14.73 | 1.95M |
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