Topgolf Callaway Brands Corp.

Topgolf Callaway Brands Corp.

MODGยทNYSE

$14.68

+0.0000%
Consumer CyclicalLeisure

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories. It operates through three segments: Topgolf; Golf Equipment; and Apparel, Gear and Other. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, multiple bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under the Callaway and Odyssey brands, as well as golf balls under the Callaway Golf and Strata brands. The Apparel, Gear and Other segment offers golf apparel and footwear; golf accessories, including golf bags, golf gloves, headwear, and practice aids under the Callaway brand; and golf and lifestyle apparel, hats, luggage and accessories, footwear, belts, facemasks, sunglasses, socks, and underwear under the TravisMathew brand. This segment also provides storage gear for sport and personal use, such as backpacks; travel, duffel, and golf bags; and storage gear accessories, as well as outerwear, headwear, and accessories under the OGIO brand. In addition, it offers outdoor apparel comprising jackets, trousers, dresses, skirts, and tops; and footwear and outdoor equipment, including packs and bags, travel bags, tents, sleeping bags, and accessories under the Jack Wolfskin brand. The company sells its products through golf retailers, sporting goods retailers, on-line retailers, mass merchants, department stores, third-party distributors, and mail order stores, as well as through its websites in the United States and approximately 120 countries. The company was formerly known as Callaway Golf Company and changed its name to Topgolf Callaway Brands Corp. in September 2022. Topgolf Callaway Brands Corp. was incorporated in 1982 and is headquartered in Carlsbad, California.

At a Glance

Live Snapshot
Market Cap$2.70B
EPS-7.8800
P/E Ratio-1.86
Earnings Date02/23/2026
3Y+37.0%
5Y+341.0%
10Y+1149.0%
3Y+84.0%
5Y-44.0%
10Y+1515.0%
3Y-81.0%
5Y-105.0%
10Y-2589.0%
MODG

Topgolf Callaway Brands Corp. Cash Conversion Engine

MODG ยท NYSE
Net Income-1.45B
Depreciation & Amortization268.40M
Stock-Based Compensation37.00M
Change in Working Capital46.70M
Others1.53B
Capital Expenditures-295.40M
Free Cash Flow86.60M

Cash Flow Quality Analysis

FCF Conversion Rate

-6.0%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

77.3%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+173.8%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$46.70M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Capital-intensive growth: Heavy reinvestment limits current cash available but may drive future returns. Assess whether CapEx supports compelling growth opportunities with adequate ROI.

Topgolf Callaway Brands Corp. Cash Flow Statement

MODG โ€ข NYSE

Topgolf Callaway Brands Corp. Cash Flow StatementDec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006Dec 2005
OPERATING ACTIVITIES
-1.4B
95M
157.9M
322M
-126.9M
79.2M
105.3M
41.7M
189.9M
14.6M
16M
-18.9M
-124.2M
-171.8M
-18.8M
-15.3M
66.2M
54.6M
23.3M
13.3M
268.4M
239.7M
192.8M
235.8M
39.5M
35M
19.9M
17.6M
16.6M
17.4M
21.2M
25.5M
34.4M
38.6M
40.9M
40.7M
38M
35.3M
32.3M
38.3M
-48.2M
-88.9M
-31M
8.4M
-12.5M
-1.4M
21.7M
24.6M
-141.4M
128K
604K
-2.3M
-1.9M
55.9M
-3.8M
3.4M
14.7M
9M
979K
-3.9M
37M
46.7M
0.0
0.0
10.9M
12.9M
13.5M
12.6M
9M
7.5M
5.7M
3.5M
3.1M
9.6M
9.6M
8.8M
0.0
0.0
0.0
0.0
1.5B
61.6M
184.9M
-198.5M
219.4M
48.9M
-4.6M
5.6M
-17.4M
-475K
-592K
2.9M
14.3M
-958K
7.7M
-594K
-13M
10.9M
11.9M
13M
(20.9M)
(0.0)
(0.0)
(0.0)
(3.1M)
(9.5M)
(9.6M)
(10.8M)
(6.1M)
(5.5M)
-8.1M
(5M)
(4.2M)
(0.0)
(0.0)
(9M)
(27.5M)
(0.0)
(0.0)
(0.0)
46.7M
10.6M
-539.7M
-89.4M
97.9M
-88M
-63.6M
15.6M
21.1M
-8.6M
-6.1M
-19.7M
45.5M
78.7M
-26M
5.8M
-64.1M
46.9M
-52.3M
9.7M
382M
364.7M
-35.1M
278.3M
228.2M
86.6M
92.3M
117.7M
77.7M
30.6M
36.9M
-8.9M
-28.8M
10.1M
9.6M
42.9M
41.6M
152M
17.3M
70.3M
INVESTING ACTIVITIES
-298.6M
-482.8M
-535.5M
-322.3M
-39.3M
-54.7M
-36.8M
-26.2M
-16.2M
-14.4M
-10.8M
-13M
-18.4M
-28.9M
-22.2M
-38.8M
-51M
-32.9M
-32.5M
-34.3M
-300K
-60.6M
(0.0)
(20K)
-20M
-481M
-1.7M
-205M
(22M)
-940K
-13.1M
-13.6M
(0.0)
(0.0)
(0.0)
(0.0)
-9.8M
(0.0)
(374K)
(0.0)
(0.0)
-2.5M
(0.0)
-30M
-20M
-17.9M
-1.7M
-21.5M
-1.4M
-940K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-89K
-763K
-3.7M
-10M
(0.0)
0.0
0.0
400K
19.1M
20M
17.9M
0.0
0.0
23.4M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
51M
0.0
0.0
0.0
1.6M
3M
0.0
171.3M
49K
38K
43K
587K
3.1M
-3.1M
-1.2M
4.1M
23.9M
19.4M
-2.6M
255K
-50.2M
11.5M
469K
1.4M
-297.3M
-542.9M
-535.1M
-161.9M
-59.2M
-535.7M
-38.5M
-230.6M
(9M)
-18.4M
-25.1M
-22.5M
(5.5M)
-9.6M
-24.8M
-38.7M
-60.8M
-25.2M
-41.6M
-32.9M
FINANCING ACTIVITIES
-31.4M
-51.8M
-35.1M
-15.9M
-22.2M
-28.1M
-22.5M
-16.6M
-5.1M
-2M
-1M
0.0
0.0
2.2M
3M
2.6M
-18.9M
-66.8M
-43.3M
14.8M
7.9M
427.6M
466M
-104.6M
160.8M
561.6M
-49.6M
87.6M
-3M
0.0
-10.4M
25.7M
43.3M
0.0
0.0
-90M
53.5M
-43.5M
80M
-13M
(0.0)
(0.0)
(0.0)
-3K
-1.9M
-3.8M
-3.8M
-3.8M
-3.8M
-3.4M
-3.1M
-5.6M
-11M
-13.1M
-13.1M
-11.6M
-17.8M
-18.8M
-19.2M
-19.6M
-31.4M
-56M
-35.8M
-38.1M
-22.2M
-28.1M
-22.5M
-16.6M
-5.1M
-2M
-1M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-23.7M
-114.8M
-52.9M
-39K
-100K
0.0
-5.6M
-3.6M
-40.6M
-37.3M
815K
2.1M
2.7M
6.3M
1.7M
1.3M
-140K
-2.4M
-704K
-5.9M
307K
6M
2.5M
-44K
-23.6M
375.8M
425.3M
-124.1M
96.1M
492.5M
-75.1M
69.4M
-9.3M
948K
-12.9M
21.3M
32.1M
-13.3M
-10.8M
35.1M
16.4M
-123M
20.1M
-17.8M
CASH FLOW SUMMARY
-9.6M
-2.6M
-9.2M
-5.1M
-5.6M
-715K
-380K
3.2M
-1.2M
-952K
1.9M
-5.1M
117K
727K
2.7M
672K
-8.8M
-315K
1.1M
-1.8M
51.5M
195M
-154.1M
-12.7M
259.5M
42.7M
-21.7M
-40.3M
76.2M
12.2M
842K
-15.2M
9M
-12M
-23.3M
40M
-11.5M
3.5M
-3.1M
17.8M
398.8M
199.3M
353.4M
366.1M
106.7M
64M
85.7M
126M
49.8M
37.6M
36.8M
52M
43M
55M
78.3M
38.3M
49.9M
46.4M
49.5M
31.7M
450.3M
394.3M
199.3M
353.4M
366.1M
106.7M
64M
85.7M
126M
49.8M
37.6M
36.8M
52M
43M
55M
78.3M
38.3M
49.9M
46.4M
49.5M
86.6M
-117.3M
-567.4M
-44M
189M
31.8M
55.5M
91.5M
61.6M
16.2M
26.1M
-22M
-47.2M
-18.8M
-12.6M
4M
-9.4M
119.1M
-15.2M
36M

SEC Filings

MODG - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

January 16, 2026
January 15, 2026
2026
8-K

8-K 2026

N/A

January 07, 2026
January 01, 2026
2026
8-K

8-K 2025

N/A

December 05, 2025
December 02, 2025
2025
8-K

8-K 2025

N/A

November 25, 2025
November 24, 2025
2025
8-K

8-K 2025

N/A

November 18, 2025
November 17, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 06, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 06, 2025
November 06, 2025
2025
8-K

8-K 2025

N/A

August 27, 2025
August 25, 2025
2025
10-Q

10-Q 2025 Q2

Q2

August 06, 2025
June 30, 2025
2025
8-K

8-K 2025

N/A

August 06, 2025
August 06, 2025
2025
Showing 1 to 10 of 504 filings