Callaway Golf Co CALY
Recreational Games/Products/Toys · data as of November 13, 2026
Callaway Golf Co (CALY) is a consumer discretionary company listed in the US with a market value of about $3.0B. In the twelve months to September 30, 2026 it had revenue of $2.1B and net income of -$203M, a net margin of -9.6%.
Its overall Stock Analiz score is 1.4 out of 5 (weak). The strongest part is financial health (3/5); the weakest is track record (0/5).
Key numbers: a price to free cash flow of 10.1, 5-year revenue growth of 5% a year, a 5-year average ROIC of 3%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 49% below the current price.
Score: 1.4 / 5
Checks passed
- P/FCF below 20
- Profit margin improving
- More cash than debt, or low debt to equity
- Positive free cash flow
- Debt below 3 years of free cash flow
- Share count down over 3 years (buybacks)
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below 25
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B | $2.1B | $2.1B | $2.1B | $4.0B | $3.1B | $1.6B | $1.7B | $1.2B | $1.0B | $871M |
| Net income | -$203M | -$409M | -$1.4B | $95M | $158M | $322M | -$127M | $79M | $105M | $41M | $190M |
| Free cash flow | $298M | $302M | $333M | $315M | -$567M | -$44M | $189M | $32M | $55M | $91M | $62M |
| EPS (diluted) | $-1.15 | $-2.20 | $-7.23 | $0.50 | $0.82 | $1.82 | $-1.35 | $0.82 | $1.08 | $0.42 | $1.98 |
| Net margin | -9.6% | -19.9% | -69.7% | 4.5% | 4.0% | 10.3% | -8.0% | 4.7% | 8.4% | 3.9% | 21.8% |
| ROIC | — | 2.7% | 2.4% | 2.1% | 3.0% | 3.0% | -6.8% | 7.8% | 14.0% | 7.3% | 5.8% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 10 analysts is $21.00, 23% above the current price; targets range from $17.00 to $26.00; the consensus rating is “Buy”; expected EPS is $0.89 for the fiscal year ending December 31, 2026.
Frequently asked questions
Is Callaway Golf Co stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 49% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Callaway Golf Co pay a dividend?
Not currently.
Is Callaway Golf Co a good stock to buy?
We do not give buy or sell advice. Callaway Golf Co scores 1.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.