MODG
Topgolf Callaway Brands Corp.
NYSE: MODG · CONSUMER CYCLICAL · LEISURE
$14.68
+0.55% today
Updated 2026-01-15
Market cap
$2.70B
P/E ratio
—
P/S ratio
0.67x
EPS (TTM)
$-8.19
Dividend yield
—
52W range
$5 – $15
Volume
3.1M
Topgolf Callaway Brands Corp. (MODG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $998.09M | $1.02B | $1.12B | $1.12B | $950.80M | $967.66M | $886.53M | $832.01M | $842.80M | $886.95M | $843.79M | $871.19M | $1.05B | $1.24B | $1.70B | $1.59B | $3.13B | $4.00B | $4.28B | $4.24B |
| Revenue growth (YoY) | — | +2.0% | +10.5% | -0.7% | -14.9% | +1.8% | -8.4% | -6.1% | +1.3% | +5.2% | -4.9% | +3.2% | +20.4% | +18.5% | +36.9% | -6.6% | +97.1% | +27.5% | +7.2% | -1.1% |
| Cost of revenue | $583.68M | $619.83M | $631.37M | $630.37M | $607.04M | $602.16M | $575.23M | $585.07M | $528.04M | $529.02M | $486.16M | $486.18M | $568.29M | $664.47M | $934.28M | $931.90M | $1.27B | $1.58B | $1.63B | $1.59B |
| Gross profit | $414.41M | $398.07M | $493.22M | $486.83M | $343.76M | $365.50M | $311.30M | $246.94M | $314.76M | $357.93M | $357.63M | $385.01M | $480.45M | $578.37M | $766.79M | $657.60M | $1.86B | $2.41B | $2.65B | $2.65B |
| Gross margin | 41.5% | 39.1% | 43.9% | 43.6% | 36.2% | 37.8% | 35.1% | 29.7% | 37.3% | 40.4% | 42.4% | 44.2% | 45.8% | 46.5% | 45.1% | 41.4% | 59.5% | 60.3% | 61.9% | 62.5% |
| R&D | $26.99M | $26.79M | $32.02M | $29.37M | $32.21M | $36.38M | $34.31M | $29.54M | $30.94M | $31.29M | $33.21M | $33.32M | $36.57M | $40.75M | $50.58M | $46.30M | $68.00M | $76.40M | $101.60M | $92.10M |
| SG&A | $370.22M | $334.24M | $371.02M | $85.47M | $81.49M | $90.88M | $92.76M | $66.55M | $68.09M | $61.66M | $68.57M | $71.97M | $94.15M | $100.47M | $463.81M | $542.50M | $849.70M | $970.60M | $1.04B | $938.30M |
| Operating income | $17.21M | $37.05M | $90.18M | $84.19M | $-30.53M | $-26.60M | $-81.09M | $-116.73M | $-10.76M | $30.75M | $26.94M | $44.17M | $78.84M | $128.44M | $132.67M | $-105.50M | $204.70M | $256.80M | $237.70M | $-1.26B |
| Operating margin | 1.7% | 3.6% | 8.0% | 7.5% | -3.2% | -2.7% | -9.1% | -14.0% | -1.3% | 3.5% | 3.2% | 5.1% | 7.5% | 10.3% | 7.8% | -6.6% | 6.5% | 6.4% | 5.5% | -29.7% |
| EBITDA | $55.47M | $69.33M | $125.51M | $143.94M | $12.90M | $6.24M | $-50.01M | $-78.12M | $21.34M | $51.98M | $44.32M | $60.75M | $96.44M | $152.05M | $169.21M | $-41.10M | $622.00M | $477.50M | $484.70M | $-973.60M |
| EBITDA margin | 5.6% | 6.8% | 11.2% | 12.9% | 1.4% | 0.6% | -5.6% | -9.4% | 2.5% | 5.9% | 5.3% | 7.0% | 9.2% | 12.2% | 9.9% | -2.6% | 19.9% | 12.0% | 11.3% | -23.0% |
| EBIT | $17.21M | $37.05M | $90.18M | $105.97M | $-27.85M | $-34.71M | $-88.64M | $-112.53M | $-4.20M | $30.75M | $26.94M | $44.17M | $78.84M | $132.10M | $134.26M | $-80.60M | $466.20M | $284.70M | $245.00M | $-1.24B |
| Interest expense | $0.00 | $0.00 | $0.00 | $4.67M | $1.75M | $848000.00 | $1.62M | $5.51M | $9.12M | $9.50M | $8.73M | $2.37M | $4.37M | $5.54M | $39.30M | $47.42M | $115.60M | $142.80M | $210.20M | $231.20M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $13.28M | $23.29M | $54.59M | $66.18M | $-15.26M | $-18.80M | $-171.82M | $-124.20M | $-18.92M | $16.01M | $14.57M | $189.90M | $40.81M | $104.74M | $79.41M | $-126.90M | $322.00M | $157.90M | $95.00M | $-1.45B |
| Net income growth (YoY) | — | +75.3% | +134.4% | +21.2% | -123.1% | -23.2% | -813.7% | +27.7% | +84.8% | +184.6% | -9.0% | +1203.5% | -78.5% | +156.7% | -24.2% | -259.8% | +353.7% | -51.0% | -39.8% | -1623.9% |
| Profit margin | 1.3% | 2.3% | 4.9% | 5.9% | -1.6% | -1.9% | -19.4% | -14.9% | -2.2% | 1.8% | 1.7% | 21.8% | 3.9% | 8.4% | 4.7% | -8.0% | 10.3% | 4.0% | 2.2% | -34.1% |