CALY
Consumer CyclicalCallaway Golf Company · Leisure · $3B
What is Callaway Golf Company?
Callaway Golf Company is a mid-cap consumer brand built around golf equipment, entertainment venues, and lifestyle apparel. Operating across three distinct segments, it reaches golfers and outdoor enthusiasts in the United States and internationally.
Callaway generates revenue through three segments. The Topgolf segment operates technology-enabled entertainment venues featuring hitting bays, dining, and event spaces, alongside the Toptracer ball-tracking platform. The Golf Equipment segment sells drivers, irons, wedges, putters, and golf balls under the Callaway and Odyssey brands. The Active Lifestyle segment covers apparel, footwear, and accessories through the TravisMathew, OGIO, and Jack Wolfskin brands, targeting golfers and outdoor consumers alike.
Founded in 1992 and headquartered in Carlsbad, California, Callaway has grown well beyond its equipment roots.
- Callaway and Odyssey golf clubs, balls, and equipment
- Topgolf entertainment venues with technology-enabled hitting bays
- Toptracer ball-flight tracking technology for venues and broadcasters
- TravisMathew and Jack Wolfskin lifestyle apparel and footwear
- OGIO bags, backpacks, and travel accessories
Is CALY a Good Stock to Buy?
UQS Score rates CALY as Below Average overall, reflecting broad weakness across most of its five scored pillars.
Valuation is the one area where CALY earns a relatively constructive label — rated Good — suggesting the market may already be pricing in the company's operational challenges. That relative affordability is the clearest positive signal in the current profile.
Quality, Moat, Growth, and Risk are all rated Weak, pointing to thin competitive insulation, limited earnings power, and meaningful balance-sheet or operational vulnerabilities across the business.
Pro members can view the complete pillar breakdown and underlying financial metrics to understand exactly where CALY stands relative to sector peers. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CALY pay dividends?
Yes — Callaway Golf Company pays a dividend.
Callaway does pay a regular dividend, which may appeal to income-oriented investors. Given the Weak Quality and Growth pillar ratings, investors should weigh whether the payout is well-supported by underlying cash generation. The dividend cadence is consistent with standard US-listed equity practice, but the broader financial profile warrants scrutiny before treating it as a reliable income source.
When does CALY report earnings?
Callaway Golf reports earnings on a quarterly cadence, consistent with US-listed equity norms.
The company's multi-segment structure means quarterly results reflect a mix of venue traffic trends, equipment sell-through, and lifestyle brand performance. Each of those drivers can move independently, making results harder to predict than a single-segment business.
For the most recent quarter's results and guidance, visit Callaway Golf's official investor relations page.
CALY Price History
-52.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Callaway Golf Company?
Based on Callaway Golf Company's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CALY Long-term Outlook
With Growth and Quality both rated Weak, the near-term fundamental trajectory for CALY appears challenged. The Topgolf venue network carries significant fixed-cost exposure, while the equipment and lifestyle segments face competitive pressure from focused rivals. The Good Valuation rating suggests limited further downside may be priced in, but a meaningful re-rating would likely require demonstrated improvement in profitability or segment-level momentum.
Growth drivers
- Expansion and maturation of the Topgolf venue network
- International growth in golf equipment and lifestyle apparel markets
- Cross-selling opportunities between Topgolf, equipment, and lifestyle brands
Key risks
- High fixed-cost base across Topgolf venues pressuring margins in softer traffic periods
- Weak Moat rating signals limited pricing power against focused competitors
- Elevated financial risk from multi-segment complexity and balance-sheet obligations
CALY vs Peers
Callaway competes broadly across the consumer cyclical space, facing rivals in lifestyle goods, experiential leisure, and connected fitness.
YETI focuses on premium outdoor lifestyle products — coolers, drinkware, and bags — with a tightly defined brand identity that differs from Callaway's golf-centric diversification.
OneSpaWorld operates health and wellness centers aboard cruise ships and resorts, representing a different model of experiential consumer spending than Callaway's venue-based Topgolf business.
Peloton built its brand around connected home fitness equipment and subscription content, competing for leisure and wellness spending in a different physical format than Topgolf venues.
Frequently Asked Questions
What does Callaway Golf do?
Callaway Golf designs and sells golf equipment under the Callaway and Odyssey brands, operates Topgolf entertainment venues with technology-enabled hitting bays, and markets lifestyle apparel and accessories through TravisMathew, OGIO, and Jack Wolfskin. The company serves golfers and outdoor consumers across the United States and internationally.
Does CALY pay dividends?
Yes, Callaway Golf pays a regular dividend. However, given the Weak Quality and Growth pillar ratings in the UQS Score, investors should assess whether the dividend is well-covered by the company's underlying cash generation before relying on it as a primary income source.
When does CALY report earnings?
Callaway Golf reports on a quarterly cadence, standard for US-listed companies. The exact schedule for upcoming releases is available on the company's investor relations page, as our data source does not carry forward-looking earnings dates.
Is CALY a good stock to buy?
The UQS Score rates CALY as Below Average, driven by Weak ratings across Quality, Moat, Growth, and Risk. The one constructive signal is a Good Valuation rating. Whether that is sufficient depends on an investor's risk tolerance and time horizon. Pro members can access the full pillar breakdown for a deeper view.
Is CALY overvalued?
The UQS Valuation pillar rates CALY as Good, suggesting the stock is not obviously expensive relative to its fundamentals at current levels. That said, a low valuation alone does not offset the Weak ratings across other pillars — value can persist when underlying business quality is challenged.
How does CALY compare to its competitors?
Callaway's closest peers in the consumer cyclical space include YETI Holdings, OneSpaWorld, and Peloton. Each competes for leisure and lifestyle spending in different formats. CALY's multi-segment structure is broader than most peers, but the UQS Score suggests that breadth has not yet translated into stronger quality or moat metrics.
What is CALY's market cap bracket?
Callaway Golf is classified as a mid-cap company. That places it in a tier where institutional coverage is meaningful but liquidity and analyst attention are generally lower than for large- or mega-cap peers in the consumer sector.
Who founded Callaway Golf?
Callaway Golf was founded in 1992. The company's founding history and leadership background are widely documented through public sources and the company's own investor relations materials.
Is CALY a long-term quality investment?
As a long-term quality indicator, the UQS Score rates CALY Below Average. Sustained long-term compounding typically favors companies with strong Quality and Moat scores. CALY's current Weak ratings in both pillars suggest the business has not yet demonstrated the durable competitive advantages associated with high-quality long-term holdings.
What is the main competitive advantage of Callaway Golf?
Callaway's potential advantages include its recognized equipment brands, the scale of the Topgolf venue network, and cross-segment brand reach. However, the UQS Moat pillar rates CALY as Weak, indicating these advantages have not yet translated into measurable competitive insulation relative to sector peers.
What sector does CALY belong to?
Callaway Golf operates in the Consumer Cyclical sector. This means its revenue and profitability tend to be sensitive to broader economic conditions, consumer discretionary spending trends, and leisure activity patterns — all of which can shift meaningfully across economic cycles.
Is CALY a growth stock or value stock?
Based on UQS pillar labels, CALY does not fit cleanly into either category. The Growth pillar is rated Weak, suggesting limited near-term expansion signals, while the Valuation pillar is rated Good. That combination — low growth, relatively modest valuation — places it closer to a distressed-value profile than a traditional growth or quality-value stock.
Unlock Full CALY Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View the exact UQS pillar scores for CALY
- ✓Access underlying financial metrics driving each rating
- ✓Compare CALY against sector peers on every pillar
- ✓See the complete Quality and Risk breakdown in detail
- ✓Track score changes as new earnings data arrives
- ✓Filter top-rated Consumer Cyclical stocks by pillar strength
Pro Analysis
CALY — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 40.8 | 28.7 | 17.0 | 38.2 | 64.4 | 80.7 | 0.0 |
| May 22, 2026 | 40.8 | 28.7 | 17.0 | 38.2 | 64.4 | 80.2 | 0.0 |
| May 21, 2026 | 40.8 | 28.7 | 17.0 | 38.2 | 64.4 | 80.4 | -0.1 |
| May 19, 2026 | 40.9 | 28.7 | 17.0 | 38.2 | 64.4 | 81.1 | +0.1 |
| May 15, 2026 | 40.8 | 28.7 | 17.0 | 38.2 | 64.4 | 80.8 | 0.0 |
| May 14, 2026 | 40.8 | 28.7 | 17.0 | 38.2 | 64.4 | 80.6 | +0.1 |
| May 13, 2026 | 40.7 | 28.7 | 17.0 | 38.1 | 64.4 | 79.8 | +0.1 |
| May 12, 2026 | 40.6 | 28.7 | 17.0 | 38.1 | 64.4 | 79.5 | +0.2 |
| May 11, 2026 | 40.4 | 28.7 | 17.0 | 38.1 | 64.4 | 78.1 | +0.9 |
| May 10, 2026 | 39.5 | 28.4 | 17.0 | 38.1 | 64.4 | 72.2 | +6.0 |
CALY — Pillar Breakdown
Quality
— 28.7/100 (25%)Callaway Golf Company currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 38.2/100 (20%)Callaway Golf Company shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 64.4/100 (15%)Callaway Golf Company maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 80.3/100 (15%)Callaway Golf Company appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 17/100 (25%)Callaway Golf Company operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CALY.
Score Composition
Financial Data
More Stock Analysis
How is the CALY UQS Score Calculated?
The UQS (Unified Quality Score) for Callaway Golf Company is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Callaway Golf Company's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Callaway Golf Company is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.