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

Topgolf Callaway Brands (MODG) reported diluted earnings per share of $-2.20 for fiscal year 2025. This represents a 69.6% 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.

Topgolf Callaway Brands Financials

MODG

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Topgolf Callaway Brands (MODG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Rhea AI MODG FY2025 2026-04-22

Callaway’s cash generation is being sustained by working-capital release and lighter reinvestment while core margins narrow.

From FY2023 to FY2025, free cash flow stayed in a 14.7% to 16.0% band of revenue even though net income was negative in FY2024 and FY2025. Because operating margin still fell from 9.1% to 6.2%, that cash resilience looks driven more by shrinking inventory and modest capex than by improving core profitability.

The balance sheet is less financing-heavy than it was two years ago: long-term debt fell from $1.5B in FY2023 to $651M in FY2025, and interest expense moved down with it. That means less operating profit is being consumed by lenders, even though the company is still posting accounting losses.

Gross margin held around 42.0% from FY2023 through FY2025, so the basic product economics did not weaken much. But operating margin still slid from 9.1% to 6.2%, which suggests more of that gross profit is being absorbed by overhead and other operating costs before it reaches the bottom line.

Financial Health Signals

Financial Health Score 60/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Topgolf Callaway Brands's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Topgolf Callaway Brands has an operating margin of 6.2%, meaning the company retains $6 of operating profit per $100 of revenue. This strong profitability earns a score of 68/100, reflecting efficient cost management and pricing power. This is down from 7.4% the prior year.

Growth

Topgolf Callaway Brands's revenue declined 0.8% year-over-year, from $2.1B to $2.1B. This contraction results in a growth score of 27/100.

Leverage

Topgolf Callaway Brands carries a low D/E ratio of 0.31, meaning only $0.31 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Topgolf Callaway Brands's current ratio of 1.36 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Topgolf Callaway Brands converts 14.7% of revenue into free cash flow ($302.2M). This strong cash generation earns a score of 79/100.

Returns

Topgolf Callaway Brands's ROE of -19.8% shows moderate profitability relative to equity, earning a score of 54/100. This is up from -60.1% the prior year.

Altman Z-Score Distress

0.73

Topgolf Callaway Brands scores 0.73, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Topgolf Callaway Brands passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.82x

For every $1 of reported earnings, Topgolf Callaway Brands generates $-0.82 in operating cash flow ($334.0M OCF vs -$409.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Adequate

2.1x

Topgolf Callaway Brands earns $2.1 in operating income for every $1 of interest expense ($128.1M vs $60.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.1B

YoY-0.8%

5Y CAGR+5.3%

10Y CAGR+9.3%

Topgolf Callaway Brands generated $2.1B in revenue in fiscal year 2025. This represents a decrease of 0.8% from the prior year.

EBITDA

$174.5M

YoY-11.6%

10Y CAGR+14.7%

Topgolf Callaway Brands's EBITDA was $174.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 11.6% from the prior year.

Net Income

-$409.3M

YoY+71.7%

Topgolf Callaway Brands reported -$409.3M in net income in fiscal year 2025. This represents an increase of 71.7% from the prior year.

EPS (Diluted)

$-2.20

YoY+69.6%

Topgolf Callaway Brands earned $-2.20 per diluted share (EPS) in fiscal year 2025. This represents an increase of 69.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$302.2M

YoY-9.3%

5Y CAGR+9.8%

10Y CAGR+34.0%

Topgolf Callaway Brands generated $302.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 9.3% from the prior year.

Cash & Debt

$903.2M

YoY+103.0%

5Y CAGR+19.8%

10Y CAGR+33.6%

Topgolf Callaway Brands held $903.2M in cash against $650.7M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

42.1%

YoY-0.6pp

5Y CAGR+0.7pp

10Y CAGR-0.3pp

Topgolf Callaway Brands's gross margin was 42.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.6 percentage points from the prior year.

Operating Margin

6.2%

YoY-1.1pp

5Y CAGR+12.9pp

10Y CAGR+3.0pp

Topgolf Callaway Brands's operating margin was 6.2% in fiscal year 2025, reflecting core business profitability. This is down 1.1 percentage points from the prior year.

Net Margin

-19.9%

YoY+49.8pp

5Y CAGR-11.9pp

10Y CAGR-21.6pp

Topgolf Callaway Brands's net profit margin was -19.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 49.8 percentage points from the prior year.

Return on Equity

-19.8%

YoY+40.3pp

5Y CAGR-1.0pp

10Y CAGR-23.3pp

Topgolf Callaway Brands's ROE was -19.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 40.3 percentage points from the prior year.

Capital Allocation

R&D Spending

$65.5M

YoY+2.2%

5Y CAGR+7.2%

10Y CAGR+7.0%

Topgolf Callaway Brands invested $65.5M in research and development in fiscal year 2025. This represents an increase of 2.2% from the prior year.

Share Buybacks

$3.7M

YoY-88.2%

5Y CAGR-30.1%

10Y CAGR+6.6%

Topgolf Callaway Brands spent $3.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 88.2% from the prior year.

Capital Expenditures

$31.8M

YoY-34.7%

5Y CAGR-4.1%

10Y CAGR+8.3%

Topgolf Callaway Brands invested $31.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 34.7% from the prior year.

MODG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.1B-0.8%	$2.1B-2.6%	$2.1B-46.6%	$4.0B+27.5%	$3.1B+97.1%	$1.6B
Cost of Revenue	$1.2B+0.2%	$1.2B-1.2%	$1.2B	N/A	N/A	$931.9M
Gross Profit	$867.6M-2.2%	$887.0M-4.3%	$927.1M	N/A	N/A	$657.6M
R&D Expenses	$65.5M+2.2%	$64.1M+3.7%	$61.8M-19.1%	$76.4M+12.4%	$68.0M+46.9%	$46.3M
SG&A Expenses	$674.0M+0.6%	$670.0M-0.2%	$671.2M-30.8%	$970.6M+14.2%	$849.7M+56.6%	$542.5M
Operating Income	$128.1M-16.2%	$152.9M-21.2%	$194.1M-24.4%	$256.8M+25.5%	$204.7M+294.0%	-$105.5M
Interest Expense	$60.6M-3.8%	$63.0M-70.0%	$210.2M+47.2%	$142.8M+23.5%	$115.6M+146.5%	$46.9M
Income Tax	$48.8M+169.6%	$18.1M-39.7%	$30.0M+287.5%	-$16.0M-155.9%	$28.6M+4866.7%	-$600K
Net Income	-$409.3M+71.7%	-$1.4B-1623.2%	$95.0M-39.8%	$157.9M-51.0%	$322.0M+353.7%	-$126.9M
EPS (Diluted)	$-2.20+69.6%	$-7.23-1546.0%	$0.50-39.0%	$0.82-54.9%	$1.82+234.8%	$-1.35

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$687.5M+87.1%	$367.5M-20.6%	$462.6M-23.0%	$600.4M-4.6%	$629.6M+69.5%	$371.4M-17.9%	$452.3M-26.4%	$614.3M
Cost of Revenue	$360.8M	N/A	N/A	N/A	$346.0M	N/A	N/A	N/A
Gross Profit	$326.7M	N/A	N/A	N/A	$283.6M	N/A	N/A	N/A
R&D Expenses	$15.2M	N/A	$20.1M+1.5%	$19.8M+24.5%	$15.9M	N/A	$22.0M-18.5%	$27.0M
SG&A Expenses	$173.3M	N/A	$210.6M-12.9%	$241.8M+46.9%	$164.6M	N/A	$250.6M-3.4%	$259.5M
Operating Income	$138.2M+355.5%	-$54.1M-1227.1%	$4.8M-93.5%	$74.3M-27.9%	$103.1M+519.1%	-$24.6M-305.0%	$12.0M-86.2%	$86.7M
Interest Expense	$5.8M	N/A	$59.2M+0.9%	$58.7M+294.0%	$14.9M	N/A	$57.7M+1.2%	$57.0M
Income Tax	$32.7M	N/A	-$7.6M-155.1%	$13.8M-49.3%	$27.2M	N/A	-$19.4M-100.0%	-$9.7M
Net Income	$93.1M+122.3%	-$417.0M-2736.7%	-$14.7M-172.4%	$20.3M+866.7%	$2.1M+100.1%	-$1.5B-41919.4%	-$3.6M-105.8%	$62.1M
EPS (Diluted)	$0.47+120.7%	$-2.27-2737.5%	$-0.08-172.7%	$0.11+450.0%	$0.02+100.2%	$-8.23-82200.0%	$-0.01-103.1%	$0.32

MODG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$7.3B-4.6%	$7.6B-16.3%	$9.1B+6.2%	$8.6B+10.9%	$7.7B+291.2%	$2.0B
Current Assets	$5.9B+270.8%	$1.6B-1.7%	$1.6B+7.2%	$1.5B+30.3%	$1.2B+27.7%	$912.6M
Cash & Equivalents	$903.2M+103.0%	$445.0M+13.1%	$393.5M+118.4%	$180.2M-48.8%	$352.2M-3.8%	$366.1M
Inventory	$625.3M-0.5%	$628.2M-20.9%	$794.4M-17.2%	$959.2M+79.8%	$533.5M+51.3%	$352.5M
Accounts Receivable	$123.2M-10.2%	$137.2M-31.6%	$200.5M+19.8%	$167.3M+58.9%	$105.3M-24.0%	$138.5M
Goodwill	$619.8M+0.2%	$618.7M-0.1%	$619.3M-68.8%	$2.0B+1.2%	$2.0B+3363.1%	$56.6M
Total Liabilities	$5.2B-0.2%	$5.2B-0.3%	$5.2B+8.9%	$4.8B+18.5%	$4.1B+211.5%	$1.3B
Current Liabilities	$4.4B+428.8%	$825.9M-12.8%	$947.6M-19.4%	$1.2B+35.8%	$866.0M+121.3%	$391.3M
Long-Term Debt	$650.7M-54.0%	$1.4B-6.8%	$1.5B+29.1%	$1.2B+14.7%	$1.0B+57.6%	$650.6M
Total Equity	$2.1B-14.1%	$2.4B-37.9%	$3.9B+2.8%	$3.8B+2.5%	$3.7B+445.1%	$675.6M
Retained Earnings	-$909.5M-81.8%	-$500.2M-152.8%	$947.5M+11.1%	$852.5M+25.0%	$682.2M+89.4%	$360.2M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$3.2B-56.3%	$7.3B-3.8%	$7.6B-0.5%	$7.6B-1.1%	$7.7B+0.8%	$7.6B-16.6%	$9.2B+0.6%	$9.1B
Current Assets	$1.6B-72.6%	$5.9B+217.7%	$1.9B-0.7%	$1.9B-4.2%	$2.0B+22.7%	$1.6B-1.4%	$1.6B+0.7%	$1.6B
Cash & Equivalents	$499.5M-44.7%	$903.2M+4.3%	$865.6M+26.6%	$683.5M+115.6%	$317.0M-28.8%	$445.0M+0.7%	$441.9M+41.7%	$311.8M
Inventory	$596.4M-4.6%	$625.3M+10.0%	$568.7M-6.6%	$608.9M-6.9%	$653.9M+4.1%	$628.2M-5.7%	$666.4M+3.0%	$647.1M
Accounts Receivable	$393.8M+219.6%	$123.2M-43.6%	$218.5M-35.4%	$338.0M-9.2%	$372.2M+171.3%	$137.2M-52.1%	$286.4M-26.6%	$390.4M
Goodwill	$619.6M0.0%	$619.8M0.0%	$619.8M0.0%	$619.9M+0.1%	$619.0M0.0%	$618.7M-69.1%	$2.0B+0.3%	$2.0B
Total Liabilities	$1.1B-79.7%	$5.2B+2.4%	$5.1B-0.5%	$5.1B-2.8%	$5.3B+0.7%	$5.2B+0.1%	$5.2B+1.1%	$5.2B
Current Liabilities	$713.6M-83.7%	$4.4B+337.3%	$998.7M-1.7%	$1.0B+9.4%	$928.6M+12.4%	$825.9M-2.0%	$842.5M+0.6%	$837.2M
Long-Term Debt	$152.9M-76.5%	$650.7M-45.4%	$1.2B-0.3%	$1.2B-17.9%	$1.5B+2.9%	$1.4B-3.2%	$1.5B-0.2%	$1.5B
Total Equity	$2.1B+2.7%	$2.1B-16.4%	$2.5B-0.5%	$2.5B+2.5%	$2.4B+0.8%	$2.4B-38.8%	$3.9B+0.1%	$3.9B
Retained Earnings	-$816.4M+10.2%	-$909.5M-84.7%	-$492.5M-3.1%	-$477.8M+4.1%	-$498.1M+0.4%	-$500.2M-149.4%	$1.0B-0.4%	$1.0B

MODG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$334.0M-12.6%	$382.0M+4.7%	$364.7M+1139.0%	-$35.1M-112.6%	$278.3M+22.0%	$228.2M
Capital Expenditures	$31.8M-34.7%	$48.7M-2.6%	$50.0M-90.6%	$532.3M+65.2%	$322.3M+722.2%	$39.2M
Free Cash Flow	$302.2M-9.3%	$333.3M+5.9%	$314.7M+155.5%	-$567.4M-1189.5%	-$44.0M-123.3%	$189.0M
Investing Cash Flow	$21.6M+107.3%	-$297.3M+45.2%	-$542.9M-1.5%	-$535.1M-230.5%	-$161.9M-173.5%	-$59.2M
Financing Cash Flow	$91.5M+487.7%	-$23.6M-106.3%	$375.8M-11.6%	$425.3M+442.7%	-$124.1M-229.1%	$96.1M
Dividends Paid	N/A	N/A	N/A	$0	$0-100.0%	$1.9M
Share Buybacks	$3.7M-88.2%	$31.4M-43.9%	$56.0M+56.4%	$35.8M-6.3%	$38.2M+72.1%	$22.2M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$169.0M-364.5%	$63.9M-72.0%	$228.4M+80.0%	$126.9M+248.9%	-$85.2M-296.8%	$43.3M-76.9%	$187.3M-16.6%	$224.7M
Capital Expenditures	$7.0M+103.9%	-$178.8M-369.7%	$66.3M-51.4%	$136.5M+1650.0%	$7.8M+104.4%	-$178.4M-329.3%	$77.8M-7.3%	$83.9M
Free Cash Flow	-$176.0M-53.2%	-$114.9M-170.9%	$162.1M+1788.5%	-$9.6M+89.7%	-$93.0M+31.2%	-$135.1M-223.4%	$109.5M-22.2%	$140.8M
Investing Cash Flow	$811.8M+1667.2%	-$51.8M+22.6%	-$66.9M-131.8%	$210.3M+400.4%	-$70.0M-63.9%	-$42.7M+47.0%	-$80.6M+5.1%	-$84.9M
Financing Cash Flow	-$1.0B-4109.2%	$26.1M+20.8%	$21.6M+15.5%	$18.7M-25.5%	$25.1M+132.4%	$10.8M-39.7%	$17.9M+130.0%	-$59.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$42.0M+13900.0%	$300K+200.0%	$100K	$0-100.0%	$3.3M	$0-100.0%	$100K-99.6%	$25.1M

MODG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	42.1%-0.6pp	42.7%-0.8pp	43.5%	N/A	N/A	41.4%
Operating Margin	6.2%-1.1pp	7.4%-1.7pp	9.1%+2.7pp	6.4%-0.1pp	6.5%+13.2pp	-6.6%
Net Margin	-19.9%+49.8pp	-69.7%-74.1pp	4.5%+0.5pp	4.0%-6.3pp	10.3%+18.3pp	-8.0%
Return on Equity	-19.8%+40.3pp	-60.1%-62.6pp	2.5%-1.7pp	4.2%-4.6pp	8.7%+27.5pp	-18.8%
Return on Assets	-5.6%+13.3pp	-19.0%-20.0pp	1.0%-0.8pp	1.8%-2.3pp	4.2%+10.6pp	-6.4%
Current Ratio	1.36-0.6	1.94+0.2	1.72+0.4	1.29-0.1	1.35-1.0	2.33
Debt-to-Equity	0.31-0.3	0.59+0.2	0.39+0.1	0.31+0.0	0.28-0.7	0.96
FCF Margin	14.7%-1.4pp	16.0%+1.3pp	14.8%+29.0pp	-14.2%-12.8pp	-1.4%-13.3pp	11.9%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	47.5%	N/A	N/A	N/A	45.0%	N/A	N/A	N/A
Operating Margin	20.1%+34.8pp	-14.7%-15.8pp	1.0%-11.3pp	12.4%-4.0pp	16.4%+23.0pp	-6.6%-9.3pp	2.6%-11.5pp	14.1%
Net Margin	13.5%+127.0pp	-113.5%-110.3pp	-3.2%-6.6pp	3.4%+3.0pp	0.3%+407.6pp	-407.3%-406.5pp	-0.8%-10.9pp	10.1%
Return on Equity	4.4%+24.5pp	-20.2%-19.6pp	-0.6%-1.4pp	0.8%+0.7pp	0.1%+62.9pp	-62.8%-62.7pp	-0.1%-1.7pp	1.6%
Return on Assets	2.9%+8.6pp	-5.7%-5.5pp	-0.2%-0.5pp	0.3%+0.2pp	0.0%+19.8pp	-19.8%-19.8pp	-0.0%-0.7pp	0.7%
Current Ratio	2.28+0.9	1.36-0.5	1.87+0.0	1.85-0.3	2.12+0.2	1.94+0.0	1.930.0	1.93
Debt-to-Equity	0.07-0.2	0.31-0.2	0.480.0	0.48-0.1	0.60+0.0	0.59+0.2	0.370.0	0.37
FCF Margin	-25.6%+5.7pp	-31.3%-66.3pp	35.0%+36.6pp	-1.6%+13.2pp	-14.8%+21.6pp	-36.4%-60.6pp	24.2%+1.3pp	22.9%

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Frequently Asked Questions

What is Topgolf Callaway Brands's annual revenue?

Topgolf Callaway Brands (MODG) reported $2.1B in total revenue for fiscal year 2025. This represents a -0.8% 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's revenue growing?

Topgolf Callaway Brands (MODG) revenue declined by 0.8% year-over-year, from $2.1B to $2.1B in fiscal year 2025.

Is Topgolf Callaway Brands profitable?

No, Topgolf Callaway Brands (MODG) reported a net income of -$409.3M in fiscal year 2025, with a net profit margin of -19.9%.

What is Topgolf Callaway Brands's EBITDA?

Topgolf Callaway Brands (MODG) had EBITDA of $174.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Topgolf Callaway Brands have?

As of fiscal year 2025, Topgolf Callaway Brands (MODG) had $903.2M in cash and equivalents against $650.7M in long-term debt.

What is Topgolf Callaway Brands's gross margin?

Topgolf Callaway Brands (MODG) had a gross margin of 42.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Topgolf Callaway Brands's operating margin?

Topgolf Callaway Brands (MODG) had an operating margin of 6.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Topgolf Callaway Brands's net profit margin?

Topgolf Callaway Brands (MODG) had a net profit margin of -19.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Topgolf Callaway Brands's return on equity (ROE)?

Topgolf Callaway Brands (MODG) has a return on equity of -19.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Topgolf Callaway Brands's free cash flow?

Topgolf Callaway Brands (MODG) generated $302.2M in free cash flow during fiscal year 2025. This represents a -9.3% 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's operating cash flow?

Topgolf Callaway Brands (MODG) generated $334.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Topgolf Callaway Brands's total assets?

Topgolf Callaway Brands (MODG) had $7.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Topgolf Callaway Brands's capital expenditures?

Topgolf Callaway Brands (MODG) invested $31.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

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

Topgolf Callaway Brands (MODG) invested $65.5M in research and development during fiscal year 2025.

Does Topgolf Callaway Brands buy back shares?

Yes, Topgolf Callaway Brands (MODG) spent $3.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Topgolf Callaway Brands's current ratio?

Topgolf Callaway Brands (MODG) had a current ratio of 1.36 as of fiscal year 2025, which is considered adequate.

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

Topgolf Callaway Brands (MODG) had a debt-to-equity ratio of 0.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

Topgolf Callaway Brands (MODG) had a return on assets of -5.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Topgolf Callaway Brands's Altman Z-Score?

Topgolf Callaway Brands (MODG) has an Altman Z-Score of 0.73, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

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

Topgolf Callaway Brands (MODG) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Topgolf Callaway Brands's earnings high quality?

Topgolf Callaway Brands (MODG) has an earnings quality ratio of -0.82x, 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 cover its interest payments?

Topgolf Callaway Brands (MODG) has an interest coverage ratio of 2.1x, meaning it can adequately 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?

Topgolf Callaway Brands (MODG) scores 60 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.