Callaway Golf Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,060	4,239	4,285	3,996	3,133
Revenue Growth (YoY)	-51.41%	-1.06%	7.23%	27.52%	97.13%
Cost of Revenue	1,191	2,892	2,883	2,656	2,002
Gross Profit	869.1	1,347	1,402	1,340	1,132
Selling, General & Admin	674	1,039	1,034	970.6	849.7
Research & Development	65.5	92.1	89.9	76.4	68
Operating Expenses	739.5	1,146	1,150	1,077	927.1
Operating Income	129.6	201.5	251.7	262.3	204.7
Interest Expense	-60.6	-238.6	-216.3	-147.3	-119.9
Interest & Investment Income	-	7.4	6.1	4.5	4.3
Currency Exchange Gain (Loss)	-	9.6	13.2	26.2	8
Other Non Operating Income (Expenses)	20.1	5.6	4.6	1.7	1
EBT Excluding Unusual Items	89.1	-14.5	59.3	147.4	98.1
Merger & Restructuring Charges	-1.1	-3.3	-	-	-
Impairment of Goodwill	-	-1,352	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	252.5
Asset Writedown	-	-103	-11.7	-5.5	-
Other Unusual Items	-0.4	-	-12.8	-	-
Pretax Income	87.6	-1,473	34.8	141.9	350.6
Income Tax Expense	48.8	-25.5	-60.2	-16	28.6
Earnings From Continuing Operations	38.8	-1,448	95	157.9	322
Net Income	38.8	-1,448	95	157.9	322
Net Income to Common	38.8	-1,448	95	157.9	322
Net Income Growth	-	-	-39.84%	-50.96%	-
Shares Outstanding (Basic)	184	184	185	185	169
Shares Outstanding (Diluted)	186	184	201	201	177
Shares Change (YoY)	1.09%	-8.65%	-0.10%	13.79%	87.79%
EPS (Basic)	0.21	-7.88	0.51	0.85	1.90
EPS (Diluted)	0.21	-7.88	0.50	0.82	1.82
EPS Growth	-	-	-38.16%	-55.15%	-
Free Cash Flow	-	86.6	-117.3	-567.4	-44
Free Cash Flow Per Share	-	0.47	-0.58	-2.82	-0.25
Gross Margin	42.19%	31.78%	32.72%	33.53%	36.12%
Operating Margin	6.29%	4.75%	5.87%	6.57%	6.53%
Profit Margin	1.88%	-34.15%	2.22%	3.95%	10.28%
Free Cash Flow Margin	-	2.04%	-2.74%	-14.20%	-1.40%
EBITDA	399.47	477.3	499.2	461.5	360.5
EBITDA Margin	19.39%	11.26%	11.65%	11.55%	11.51%
D&A For EBITDA	269.87	275.8	247.5	199.2	155.8
EBIT	129.6	201.5	251.7	262.3	204.7
EBIT Margin	6.29%	4.75%	5.87%	6.56%	6.53%
Effective Tax Rate	55.71%	-	-	-	8.16%
Revenue as Reported	-	4,239	4,285	3,996	3,133
Advertising Expenses	-	115.5	120.3	116.1	108.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.