Callaway Golf Company Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,045	2,060	2,078	2,133	3,996	3,133
Revenue Growth (YoY)	-5.81%	-0.85%	-2.58%	-46.63%	27.52%	97.13%
Cost of Revenue	1,414	1,193	1,191	1,206	2,662	2,002
Gross Profit	630.6	867.6	887	927.1	1,334	1,132
Selling, General & Admin	797.8	674	670	671.2	970.6	849.7
Research & Development	73.4	65.5	64.1	61.8	76.4	68
Other Operating Expenses	4.2	-	-	-	30.4	9.4
Total Operating Expenses	875.4	739.5	734.1	733	1,077	927.1
Operating Income	218.2	128.1	152.9	194.1	256.8	204.7
Interest Expense	-133.5	-60.6	-63	-70.7	-142.8	-115.6
Other Non-Operating Income (Expense)	-44	20.1	21.6	6.1	27.9	261.5
Total Non-Operating Income (Expense)	-177.5	-40.5	-41.4	-64.6	-114.9	145.9
Pretax Income	11.8	87.6	111.5	129.5	141.9	350.6
Provision for Income Taxes	-	48.8	18.1	30	-16	-
Net Income	11.8	38.8	93.4	99.5	157.9	350.6
Earnings From Discontinued Operations	-	-448.1	-1,541	-4.5	-	-
Net Income to Common	11.8	-409.3	-1,448	95	157.9	350.6
Net Income Growth	-59.86%	-	-	-39.84%	-54.96%	-
Shares Outstanding (Basic)	184	184	184	185	185	169
Shares Outstanding (Diluted)	189	186	199	201	201	177
Shares Change (YoY)	-1.27%	-6.82%	-0.90%	-0.10%	13.79%	87.79%
EPS (Basic)	0.18	-2.23	-7.88	0.51	0.85	1.90
EPS (Diluted)	0.14	-2.23	-7.88	0.50	0.82	1.82
EPS Growth	-	-	-	-39.02%	-54.95%	-
Free Cash Flow	183.9	302.2	333.3	314.7	-567.4	-44
Free Cash Flow Growth	-39.15%	-9.33%	5.91%	-	-	-
Free Cash Flow Per Share	0.97	1.63	1.67	1.56	-2.82	-0.25
Gross Margin	30.84%	42.11%	42.69%	43.47%	33.39%	36.12%
Operating Margin	10.67%	6.22%	7.36%	9.10%	6.43%	6.53%
Profit Margin	0.58%	1.88%	4.50%	4.67%	3.95%	11.19%
FCF Margin	8.99%	14.67%	16.04%	14.76%	-14.20%	-1.40%
EBITDA	283.7	174.5	197.4	239.8	449.6	360.5
EBITDA Margin	13.88%	8.47%	9.50%	11.24%	11.25%	11.51%
EBIT	218.2	128.1	152.9	194.1	256.8	204.7
EBIT Margin	10.67%	6.22%	7.36%	9.10%	6.43%	6.53%
Effective Tax Rate	-	55.71%	16.23%	23.17%	-11.28%	0.00%