Callaway Golf Company
NYSE:CALY · New York Stock Exchange
+$0.97 today
Vol 2.48M · Avg 2.68M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:CALY · Revenue to Net Income
Key Ratios
Analysis
$3.1B of revenue converted into $32.7M of net income for the selected period. Gross margin is 53.2% and net margin is -1.0%, showing how much revenue survives after costs and taxes. EPS is $0.14, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B -51.4% | $4.2B -1.1% | $4.3B +7.2% | $4.0B +27.5% | $3.1B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.2B -24.9% | $1.6B -2.6% | $1.6B +2.9% | $1.6B +24.8% | $1.3B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $867.6M -67.3% | $2.7B -0.1% | $2.7B +10.1% | $2.4B +29.4% | $1.9B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 42.1% -20.4pp | 62.5% +0.6pp | 61.9% +1.6pp | 60.3% +0.9pp | 59.5% | 9.8% | 28.9% | 38.3% |
| Research & Development | $65.5M -28.9% | $92.1M -9.4% | $101.6M +33.0% | $76.4M +12.4% | $68.0M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $674.0M -35.5% | $1.0B +0.9% | $1.0B +6.8% | $970.6M +14.2% | $849.7M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $739.5M -81.1% | $3.9B +61.7% | $2.4B +12.2% | $2.2B +29.9% | $1.7B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $44.1M -83.6% | $268.4M +12.0% | $239.7M +24.3% | $192.8M +23.7% | $155.8M | $374.2M | $1.2B | $631.8M |
| EBITDA | $192.3M +119.8% | -$973.6M -300.9% | $484.7M +1.5% | $477.5M -23.2% | $622.0M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 9.3% +32.3pp | -23.0% -34.3pp | 11.3% -0.6pp | 12.0% -7.9pp | 19.9% | 5.6% | 46.3% | 42.0% |
| Operating Income | $128.1M +110.2% | -$1.3B -628.9% | $237.7M -7.4% | $256.8M +25.5% | $204.7M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 6.2% +35.9pp | -29.7% -35.2pp | 5.5% -0.9pp | 6.4% -0.1pp | 6.5% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $60.6M -73.8% | $231.2M +10.0% | $210.2M +47.2% | $142.8M +23.5% | $115.6M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$40.5M +81.3% | -$216.0M -6.5% | -$202.9M -76.6% | -$114.9M -178.8% | $145.9M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $87.6M +105.9% | -$1.5B -4333.3% | $34.8M -75.5% | $141.9M -59.5% | $350.6M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 4.3% +39.0pp | -34.8% -35.6pp | 0.8% -2.7pp | 3.6% -7.6pp | 11.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $48.8M +291.4% | -$25.5M +57.6% | -$60.2M -276.3% | -$16.0M -155.9% | $28.6M | $1.3B | -$1.6B | $745.2M |
| Net Income | $38.8M +102.7% | -$1.4B -1623.9% | $95.0M -39.8% | $157.9M -51.0% | $322.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | 1.9% +36.0pp | -34.1% -36.4pp | 2.2% -1.7pp | 4.0% -6.3pp | 10.3% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $0 +102.7% | -$8 -1645.1% | $1 -40.0% | $1 -55.3% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $0 +102.7% | -$8 -1776.6% | $0 -39.7% | $1 -57.1% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $183.7M +0.0% | $183.7M -0.7% | $185.0M +0.1% | $184.9M +9.3% | $169.1M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $185.7M +1.1% | $183.7M -8.7% | $201.1M -0.1% | $201.3M +13.8% | $176.9M | $1.2B | $924.4M | $678.0M |
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How much revenue does CALY generate?
Callaway Golf Company (CALY) reported $2.06B of revenue in fiscal 2025.
Is CALY profitable?
Callaway Golf Company (CALY) reported $38.80M of net income, with a net margin of 1.9%.
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