Topgolf Callaway Brands Corp. (MODG)

Topgolf Callaway Brands Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,187	4,239	4,285	3,996	3,133	1,590
Revenue Growth (YoY)	-1.74%	-1.06%	7.23%	27.52%	97.13%	-6.56%
Cost of Revenue	2,860	2,892	2,883	2,656	2,002	931.9
Gross Profit	1,327	1,347	1,402	1,340	1,132	657.6
Selling, General & Admin	1,009	1,039	1,034	970.6	849.7	542.5
Research & Development	90.2	92.1	89.9	76.4	68	46.3
Operating Expenses	1,112	1,146	1,150	1,077	927.1	588.8
Operating Income	215.8	201.5	251.7	262.3	204.7	68.8
Interest Expense	-238	-238.6	-216.3	-147.3	-119.9	-46.9
Interest & Investment Income	8.4	7.4	6.1	4.5	4.3	-
Currency Exchange Gain (Loss)	-17.2	9.6	13.2	26.2	8	23
Other Non Operating Income (Expenses)	26.6	5.6	4.6	1.7	1	1.9
EBT Excluding Unusual Items	-4.4	-14.5	59.3	147.4	98.1	46.8
Merger & Restructuring Charges	-11	-3.3	-	-	-	-
Impairment of Goodwill	-1,352	-1,352	-	-	-	-148.4
Gain (Loss) on Sale of Investments	-	-	-	-	252.5	-
Asset Writedown	-110	-103	-11.7	-5.5	-	-25.9
Other Unusual Items	4.7	-	-12.8	-	-	-
Pretax Income	-1,473	-1,473	34.8	141.9	350.6	-127.5
Income Tax Expense	-21	-25.5	-60.2	-16	28.6	-0.6
Earnings From Continuing Operations	-1,452	-1,448	95	157.9	322	-126.9
Net Income	-1,452	-1,448	95	157.9	322	-126.9
Net Income to Common	-1,452	-1,448	95	157.9	322	-126.9
Net Income Growth	-	-	-39.84%	-50.96%	-	-
Shares Outstanding (Basic)	184	184	185	185	169	94
Shares Outstanding (Diluted)	184	184	201	201	177	94
Shares Change (YoY)	-6.71%	-8.65%	-0.10%	13.79%	87.79%	-2.17%
EPS (Basic)	-7.91	-7.88	0.51	0.85	1.90	-1.35
EPS (Diluted)	-7.91	-7.88	0.50	0.82	1.82	-1.35
EPS Growth	-	-	-38.16%	-55.15%	-	-
Free Cash Flow	70.2	86.6	-117.3	-567.4	-44	189
Free Cash Flow Per Share	0.38	0.47	-0.58	-2.82	-0.25	2.01
Dividend Per Share	-	-	-	-	-	0.010
Dividend Growth	-	-	-	-	-	-75.00%
Gross Margin	31.70%	31.78%	32.72%	33.53%	36.12%	41.37%
Operating Margin	5.15%	4.75%	5.87%	6.57%	6.53%	4.33%
Profit Margin	-34.68%	-34.15%	2.22%	3.95%	10.28%	-7.98%
Free Cash Flow Margin	1.68%	2.04%	-2.74%	-14.20%	-1.40%	11.89%
EBITDA	495.4	477.3	499.2	461.5	360.5	109.2
EBITDA Margin	11.83%	11.26%	11.65%	11.55%	11.51%	6.87%
D&A For EBITDA	279.6	275.8	247.5	199.2	155.8	40.4
EBIT	215.8	201.5	251.7	262.3	204.7	68.8
EBIT Margin	5.15%	4.75%	5.87%	6.56%	6.53%	4.33%
Effective Tax Rate	-	-	-	-	8.16%	-
Revenue as Reported	4,187	4,239	4,285	3,996	3,133	1,590
Advertising Expenses	-	115.5	120.3	116.1	108.4	83.4

Updated May 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q