Topgolf Callaway Brands Ord Shs Financials

MODG

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Topgolf Callaway Brands Ord Shs (MODG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 36/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Topgolf Callaway Brands Ord Shs has an operating margin of -29.7%, meaning the company retains $-30 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 5.5% the prior year.

Growth

Topgolf Callaway Brands Ord Shs's revenue declined 1.1% year-over-year, from $4.3B to $4.2B. This contraction results in a growth score of 26/100.

Leverage

Topgolf Callaway Brands Ord Shs carries a low D/E ratio of 0.61, meaning only $0.61 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Topgolf Callaway Brands Ord Shs's current ratio of 1.94 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Topgolf Callaway Brands Ord Shs generated $382.0M in operating cash flow, capex of $295.4M consumed most of it, leaving $86.6M in free cash flow. This results in a low score of 10/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

Topgolf Callaway Brands Ord Shs passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.26x

For every $1 of reported earnings, Topgolf Callaway Brands Ord Shs generates $-0.26 in operating cash flow ($382.0M OCF vs -$1.4B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-5.4x

Topgolf Callaway Brands Ord Shs earns $-5.4 in operating income for every $1 of interest expense (-$1.3B vs $231.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$4.2B

YoY-1.1%

5Y CAGR+20.0%

10Y CAGR+16.9%

Topgolf Callaway Brands Ord Shs generated $4.2B in revenue in fiscal year 2024. This represents a decrease of 1.1% from the prior year.

EBITDA

-$988.8M

YoY-307.1%

Topgolf Callaway Brands Ord Shs's EBITDA was -$988.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 307.1% from the prior year.

Free Cash Flow

$86.6M

YoY+173.8%

5Y CAGR+22.1%

10Y CAGR+12.7%

Topgolf Callaway Brands Ord Shs generated $86.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 173.8% from the prior year.

Net Income

-$1.4B

YoY-1623.9%

Topgolf Callaway Brands Ord Shs reported -$1.4B in net income in fiscal year 2024. This represents a decrease of 1623.9% from the prior year.

EPS (Diluted)

$-7.88

YoY-1676.0%

Topgolf Callaway Brands Ord Shs earned $-7.88 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 1676.0% from the prior year.

Cash & Debt

$445.0M

YoY+13.1%

5Y CAGR+33.1%

10Y CAGR+28.0%

Topgolf Callaway Brands Ord Shs held $445.0M in cash against $1.5B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

-29.7%

YoY-35.2pp

5Y CAGR-37.5pp

10Y CAGR-33.1pp

Topgolf Callaway Brands Ord Shs's operating margin was -29.7% in fiscal year 2024, reflecting core business profitability. This is down 35.2 percentage points from the prior year.

Net Margin

-34.2%

YoY-36.4pp

5Y CAGR-38.8pp

10Y CAGR-36.0pp

Topgolf Callaway Brands Ord Shs's net profit margin was -34.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 36.4 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$92.1M

YoY-9.4%

5Y CAGR+12.7%

10Y CAGR+11.4%

Topgolf Callaway Brands Ord Shs invested $92.1M in research and development in fiscal year 2024. This represents a decrease of 9.4% from the prior year.

Share Buybacks

$31.4M

YoY-43.9%

5Y CAGR+2.3%

10Y CAGR+41.1%

Topgolf Callaway Brands Ord Shs spent $31.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 43.9% from the prior year.

Capital Expenditures

$295.4M

YoY-38.7%

5Y CAGR+40.1%

10Y CAGR+39.3%

Topgolf Callaway Brands Ord Shs invested $295.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 38.7% from the prior year.

MODG Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$4.2B-1.1%	$4.3B+7.2%	$4.0B+27.5%	$3.1B+97.1%	$1.6B-6.6%	$1.7B
Cost of Revenue	N/A	N/A	N/A	N/A	$931.9M-0.3%	$934.3M
Gross Profit	N/A	N/A	N/A	N/A	$657.6M-14.2%	$766.8M
R&D Expenses	$92.1M-9.4%	$101.6M+33.0%	$76.4M+12.4%	$68.0M+46.9%	$46.3M-8.5%	$50.6M
SG&A Expenses	$1.0B+0.9%	$1.0B+6.8%	$970.6M+14.2%	$849.7M+56.6%	$542.5M-7.0%	$583.5M
Operating Income	-$1.3B-628.9%	$237.7M-7.4%	$256.8M+25.5%	$204.7M+294.0%	-$105.5M-179.5%	$132.7M
Interest Expense	$231.2M+10.0%	$210.2M+47.2%	$142.8M+23.5%	$115.6M+146.5%	$46.9M+21.8%	$38.5M
Income Tax	-$25.5M+57.6%	-$60.2M-276.3%	-$16.0M-155.9%	$28.6M+4866.7%	-$600K-103.6%	$16.5M
Net Income	-$1.4B-1623.9%	$95.0M-39.8%	$157.9M-51.0%	$322.0M+353.7%	-$126.9M-259.8%	$79.4M
EPS (Diluted)	$-7.88-1676.0%	$0.50-39.0%	$0.82-54.9%	$1.82+234.8%	$-1.35-264.6%	$0.82

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$934.0M-15.9%	$1.1B+1.7%	$1.1B+18.2%	$924.4M-20.2%	$1.2B+1.2%	$1.1B+27.5%	$897.1M-13.8%	$1.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$20.1M+1.5%	$19.8M-7.0%	$21.3M+7.0%	$19.9M-26.3%	$27.0M+16.4%	$23.2M-32.2%	$34.2M+51.3%	$22.6M
SG&A Expenses	$210.6M-12.9%	$241.8M-6.2%	$257.9M-1.8%	$262.6M+1.2%	$259.5M-4.9%	$273.0M+11.0%	$246.0M+1.4%	$242.5M
Operating Income	$28.3M-73.3%	$105.8M+59.1%	$66.5M+104.6%	-$1.5B-1518.3%	$103.0M+54.0%	$66.9M+305.2%	-$32.6M-144.2%	$73.8M
Interest Expense	$59.2M+0.9%	$58.7M+1.2%	$58.0M+0.5%	$57.7M+1.2%	$57.0M-3.1%	$58.8M+3.9%	$56.6M+8.2%	$52.3M
Income Tax	-$7.6M-155.1%	$13.8M+45.3%	$9.5M+778.6%	-$1.4M+85.6%	-$9.7M-294.0%	$5.0M+169.4%	-$7.2M-140.0%	-$3.0M
Net Income	-$14.7M-172.4%	$20.3M+866.7%	$2.1M+100.1%	-$1.5B-2535.9%	$62.1M+855.4%	$6.5M+108.4%	-$77.1M-359.6%	$29.7M
EPS (Diluted)	$-0.08-172.7%	$0.11+1000.0%	$0.01+100.1%	$-8.22-2668.8%	$0.32+700.0%	$0.04+110.5%	$-0.38-337.5%	$0.16

MODG Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$7.6B-16.3%	$9.1B+6.2%	$8.6B+10.9%	$7.7B+291.2%	$2.0B+1.0%	$2.0B
Current Assets	$1.6B-1.7%	$1.6B+7.2%	$1.5B+30.3%	$1.2B+27.7%	$912.6M+15.6%	$789.4M
Cash & Equivalents	$445.0M+13.1%	$393.5M+118.4%	$180.2M-48.8%	$352.2M-3.8%	$366.1M+243.2%	$106.7M
Inventory	$757.3M-4.7%	$794.4M-17.2%	$959.2M+79.8%	$533.5M+51.3%	$352.5M-22.8%	$456.6M
Accounts Receivable	$175.7M-12.4%	$200.5M+19.8%	$167.3M+58.9%	$105.3M-24.0%	$138.5M-1.4%	$140.5M
Goodwill	$620.2M-68.8%	$2.0B+0.3%	$2.0B+1.2%	$2.0B+3363.1%	$56.6M-72.2%	$203.7M
Total Liabilities	$5.2B-0.3%	$5.2B+8.9%	$4.8B+18.5%	$4.1B+211.5%	$1.3B+9.4%	$1.2B
Current Liabilities	$825.9M-12.8%	$947.6M-19.4%	$1.2B+35.8%	$866.0M+121.3%	$391.3M-25.2%	$523.2M
Long-Term Debt	$1.5B-4.0%	$1.5B+29.1%	$1.2B+14.7%	$1.0B+57.6%	$650.6M+46.8%	$443.3M
Total Equity	$2.4B-37.9%	$3.9B+2.8%	$3.8B+2.5%	$3.7B+445.1%	$675.6M-12.0%	$767.4M
Retained Earnings	-$500.2M-152.8%	$947.5M+11.1%	$852.5M+25.0%	$682.2M+89.4%	$360.2M-26.4%	$489.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$7.6B-0.5%	$7.6B-1.1%	$7.7B+0.8%	$7.6B-16.1%	$9.1B+0.1%	$9.1B-0.3%	$9.1B+1.5%	$9.0B
Current Assets	$1.9B-0.7%	$1.9B-4.2%	$2.0B+22.7%	$1.6B-0.8%	$1.6B+1.2%	$1.6B-2.1%	$1.6B+1.6%	$1.6B
Cash & Equivalents	$865.6M+26.6%	$683.5M+115.6%	$317.0M-28.8%	$445.0M+42.7%	$311.8M+33.3%	$233.9M-40.6%	$393.5M+19.1%	$330.3M
Inventory	$568.7M-6.6%	$608.9M-6.9%	$653.9M-13.7%	$757.3M+17.0%	$647.1M-7.9%	$702.9M-11.5%	$794.4M+7.9%	$736.5M
Accounts Receivable	$218.5M-35.4%	$338.0M-9.2%	$372.2M+111.8%	$175.7M-55.0%	$390.4M-7.9%	$423.9M+111.4%	$200.5M-34.2%	$304.6M
Goodwill	$619.8M0.0%	$619.9M+0.1%	$619.0M-0.2%	$620.2M-68.9%	$2.0B0.0%	$2.0B+0.2%	$2.0B+0.3%	$2.0B
Total Liabilities	$5.1B-0.5%	$5.1B-2.8%	$5.3B+0.7%	$5.2B+1.2%	$5.2B-0.7%	$5.2B-0.7%	$5.2B+4.2%	$5.0B
Current Liabilities	$998.7M-1.7%	$1.0B+9.4%	$928.6M+12.4%	$825.9M-1.3%	$837.2M-4.3%	$875.0M-7.7%	$947.6M+4.2%	$909.2M
Long-Term Debt	$1.2B-0.3%	$1.2B-17.9%	$1.5B-0.2%	$1.5B-0.5%	$1.5B-3.6%	$1.5B+0.1%	$1.5B-0.2%	$1.5B
Total Equity	$2.5B-0.5%	$2.5B+2.5%	$2.4B+0.8%	$2.4B-38.8%	$3.9B+1.2%	$3.9B+0.2%	$3.9B-1.9%	$4.0B
Retained Earnings	-$492.5M-3.1%	-$477.8M+4.1%	-$498.1M+0.4%	-$500.2M-149.2%	$1.0B+6.5%	$954.0M+0.7%	$947.5M-7.5%	$1.0B

MODG Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$382.0M+4.7%	$364.7M+1139.0%	-$35.1M-112.6%	$278.3M+22.0%	$228.2M+163.7%	$86.5M
Capital Expenditures	$295.4M-38.7%	$482.0M-9.4%	$532.3M+65.2%	$322.3M+722.2%	$39.2M-28.3%	$54.7M
Free Cash Flow	$86.6M+173.8%	-$117.3M+79.3%	-$567.4M-1189.5%	-$44.0M-123.3%	$189.0M+493.4%	$31.8M
Investing Cash Flow	-$297.3M+45.2%	-$542.9M-1.5%	-$535.1M-230.5%	-$161.9M-173.5%	-$59.2M+88.9%	-$535.7M
Financing Cash Flow	-$23.6M-106.3%	$375.8M-11.6%	$425.3M+442.7%	-$124.1M-229.1%	$96.1M-80.5%	$492.5M
Dividends Paid	N/A	N/A	$0	$0-100.0%	$1.9M-49.7%	$3.8M
Share Buybacks	$31.4M-43.9%	$56.0M+56.4%	$35.8M-6.3%	$38.2M+72.1%	$22.2M-20.9%	$28.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$228.4M+80.0%	$126.9M+248.9%	-$85.2M-296.8%	$43.3M-80.7%	$224.7M+406.5%	-$73.3M-153.5%	$137.0M-45.1%	$249.5M
Capital Expenditures	$66.3M-10.9%	$74.4M+6.4%	$69.9M+2.3%	$68.3M-18.6%	$83.9M+28.3%	$65.4M-29.9%	$93.3M-26.0%	$126.1M
Free Cash Flow	$162.1M+208.8%	$52.5M+133.8%	-$155.1M-520.4%	-$25.0M-117.8%	$140.8M+201.5%	-$138.7M-417.4%	$43.7M-64.6%	$123.4M
Investing Cash Flow	-$66.9M-131.8%	$210.3M+400.4%	-$70.0M-63.9%	-$42.7M+49.7%	-$84.9M+4.7%	-$89.1M+27.6%	-$123.0M+11.6%	-$139.2M
Financing Cash Flow	$21.6M+15.5%	$18.7M-25.5%	$25.1M+132.4%	$10.8M+118.1%	-$59.6M-916.4%	$7.3M-83.6%	$44.4M+31.8%	$33.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$100K	$0-100.0%	$3.3M	$0-100.0%	$25.1M+304.8%	$6.2M-48.3%	$12.0M-28.1%	$16.7M

MODG Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	41.4%-3.7pp	45.1%
Operating Margin	-29.7%-35.2pp	5.5%-0.9pp	6.4%-0.1pp	6.5%+13.2pp	-6.6%-14.4pp	7.8%
Net Margin	-34.2%-36.4pp	2.2%-1.7pp	4.0%-6.3pp	10.3%+18.3pp	-8.0%-12.7pp	4.7%
Return on Equity	N/A	2.5%-1.7pp	4.2%-4.6pp	8.7%	N/A	10.3%
Return on Assets	-19.0%-20.0pp	1.0%-0.8pp	1.8%-2.3pp	4.2%+10.6pp	-6.4%-10.5pp	4.0%
Current Ratio	1.94+0.2	1.72+0.4	1.29-0.1	1.35-1.0	2.33+0.8	1.51
Debt-to-Equity	0.61+0.2	0.39+0.1	0.31+0.0	0.28-0.7	0.96+0.4	0.58
FCF Margin	2.0%+4.8pp	-2.7%+11.5pp	-14.2%-12.8pp	-1.4%-13.3pp	11.9%+10.0pp	1.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	3.0%-6.5pp	9.5%+3.4pp	6.1%+164.1pp	-158.0%-166.9pp	8.9%+3.0pp	5.9%+9.5pp	-3.6%-10.7pp	7.1%
Net Margin	-1.6%-3.4pp	1.8%+1.6pp	0.2%+163.8pp	-163.6%-169.0pp	5.4%+4.8pp	0.6%+9.2pp	-8.6%-11.4pp	2.9%
Return on Equity	N/A	0.8%+0.7pp	0.1%	N/A	1.6%+1.4pp	0.2%	N/A	0.8%
Return on Assets	-0.2%-0.5pp	0.3%+0.2pp	0.0%+19.8pp	-19.8%-20.5pp	0.7%+0.6pp	0.1%+0.9pp	-0.9%-1.2pp	0.3%
Current Ratio	1.87+0.0	1.85-0.3	2.12+0.2	1.94+0.0	1.93+0.1	1.82+0.1	1.72-0.0	1.76
Debt-to-Equity	0.480.0	0.48-0.1	0.600.0	0.61+0.2	0.37-0.0	0.390.0	0.390.0	0.39
FCF Margin	17.4%+12.6pp	4.7%+18.9pp	-14.2%-11.5pp	-2.7%-14.9pp	12.2%+24.3pp	-12.1%-17.0pp	4.9%-7.0pp	11.9%

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Frequently Asked Questions

What is Topgolf Callaway Brands Ord Shs's annual revenue?

Topgolf Callaway Brands Ord Shs (MODG) reported $4.2B in total revenue for fiscal year 2024. This represents a -1.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Topgolf Callaway Brands Ord Shs's revenue growing?

Topgolf Callaway Brands Ord Shs (MODG) revenue declined by 1.1% year-over-year, from $4.3B to $4.2B in fiscal year 2024.

Is Topgolf Callaway Brands Ord Shs profitable?

No, Topgolf Callaway Brands Ord Shs (MODG) reported a net income of -$1.4B in fiscal year 2024, with a net profit margin of -34.2%.

What is Topgolf Callaway Brands Ord Shs's earnings per share (EPS)?

Topgolf Callaway Brands Ord Shs (MODG) reported diluted earnings per share of $-7.88 for fiscal year 2024. This represents a -1676.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Topgolf Callaway Brands Ord Shs's EBITDA?

Topgolf Callaway Brands Ord Shs (MODG) had EBITDA of -$988.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Topgolf Callaway Brands Ord Shs have?

As of fiscal year 2024, Topgolf Callaway Brands Ord Shs (MODG) had $445.0M in cash and equivalents against $1.5B in long-term debt.

What is Topgolf Callaway Brands Ord Shs's operating margin?

Topgolf Callaway Brands Ord Shs (MODG) had an operating margin of -29.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Topgolf Callaway Brands Ord Shs's net profit margin?

Topgolf Callaway Brands Ord Shs (MODG) had a net profit margin of -34.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Topgolf Callaway Brands Ord Shs's free cash flow?

Topgolf Callaway Brands Ord Shs (MODG) generated $86.6M in free cash flow during fiscal year 2024. This represents a 173.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Topgolf Callaway Brands Ord Shs's operating cash flow?

Topgolf Callaway Brands Ord Shs (MODG) generated $382.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Topgolf Callaway Brands Ord Shs's total assets?

Topgolf Callaway Brands Ord Shs (MODG) had $7.6B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Topgolf Callaway Brands Ord Shs's capital expenditures?

Topgolf Callaway Brands Ord Shs (MODG) invested $295.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Topgolf Callaway Brands Ord Shs spend on research and development?

Topgolf Callaway Brands Ord Shs (MODG) invested $92.1M in research and development during fiscal year 2024.

Does Topgolf Callaway Brands Ord Shs buy back shares?

Yes, Topgolf Callaway Brands Ord Shs (MODG) spent $31.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Topgolf Callaway Brands Ord Shs's current ratio?

Topgolf Callaway Brands Ord Shs (MODG) had a current ratio of 1.94 as of fiscal year 2024, which is generally considered healthy.

What is Topgolf Callaway Brands Ord Shs's debt-to-equity ratio?

Topgolf Callaway Brands Ord Shs (MODG) had a debt-to-equity ratio of 0.61 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Topgolf Callaway Brands Ord Shs's return on assets (ROA)?

Topgolf Callaway Brands Ord Shs (MODG) had a return on assets of -19.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Topgolf Callaway Brands Ord Shs's Piotroski F-Score?

Topgolf Callaway Brands Ord Shs (MODG) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Topgolf Callaway Brands Ord Shs's earnings high quality?

Topgolf Callaway Brands Ord Shs (MODG) has an earnings quality ratio of -0.26x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Topgolf Callaway Brands Ord Shs cover its interest payments?

Topgolf Callaway Brands Ord Shs (MODG) has an interest coverage ratio of -5.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Topgolf Callaway Brands Ord Shs?

Topgolf Callaway Brands Ord Shs (MODG) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.