Callaway Golf Co (CALY) stock
CALYNYSESporting & Athletic Goods, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 11/308% below fair value
$17.10+0.52 (+3.14%)
Close on Nov 13, 2026Market cap $3.05BP/E –Yield –
Callaway Golf operating margin
Operating margin is operating income as a percentage of revenue.
Callaway Golf's operating margin for the twelve months ending Sep 30, 2026 was 11.6%. For fiscal 2025 it was 6.2%, against 7.4% the year before. The highest annual figure on record is 10.3% in fiscal 2018.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 6.2% | −1.1 |
| FY2024 | Dec 31, 2024 | 7.4% | −1.7 |
| FY2023 | Dec 31, 2023 | 9.1% | +2.7 |
| FY2022 | Dec 31, 2022 | 6.4% | −0.1 |
| FY2021 | Dec 31, 2021 | 6.5% | +13.2 |
| FY2020 | Dec 31, 2020 | -6.6% | −14.4 |
| FY2019 | Dec 31, 2019 | 7.8% | −2.5 |
| FY2018 | Dec 31, 2018 | 10.3% | +2.8 |
| FY2017 | Dec 31, 2017 | 7.5% | +2.4 |
| FY2016 | Dec 31, 2016 | 5.1% | +1.9 |
| FY2015 | Dec 31, 2015 | 3.2% | −0.3 |
| FY2014 | Dec 31, 2014 | 3.5% | +4.7 |
| FY2013 | Dec 31, 2013 | -1.3% | +12.7 |
| FY2012 | Dec 31, 2012 | -13.9% | −4.8 |
| FY2011 | Dec 31, 2011 | -9.1% | −6.4 |
| FY2010 | Dec 31, 2010 | -2.7% | +0.5 |
| FY2009 | Dec 31, 2009 | -3.2% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 10.2% | +9.2 |
| Q2 FY2026 | Jun 30, 2026 | 18.8% | +6.4 |
| Q1 FY2026 | Mar 31, 2026 | 20.1% | +3.7 |
| Q4 FY2025 | Dec 31, 2025 | -14.7% | −8.1 |
| Q3 FY2025 | Sep 30, 2025 | 1.0% | −1.6 |
| Q2 FY2025 | Jun 30, 2025 | 12.4% | −1.7 |
| Q1 FY2025 | Mar 31, 2025 | 16.4% | +4.1 |
| Q4 FY2024 | Dec 31, 2024 | -6.6% | +1.9 |
| Q3 FY2024 | Sep 30, 2024 | 2.7% | −4.4 |
| Q2 FY2024 | Jun 30, 2024 | 14.1% | +4.3 |
| Q1 FY2024 | Mar 31, 2024 | 12.3% | +5.4 |
| Q4 FY2023 | Dec 31, 2023 | -8.5% | −4.4 |
| Q3 FY2023 | Sep 30, 2023 | 7.1% | +0.2 |
| Q2 FY2023 | Jun 30, 2023 | 9.8% | −1.7 |
| Q1 FY2023 | Mar 31, 2023 | 6.9% | −2.2 |
| Q4 FY2022 | Dec 31, 2022 | -4.1% | +3.6 |
| Q3 FY2022 | Sep 30, 2022 | 6.9% | −2.0 |
| Q2 FY2022 | Jun 30, 2022 | 11.6% | −0.2 |
| Q1 FY2022 | Mar 31, 2022 | 9.1% | −2.6 |
| Q4 FY2021 | Dec 31, 2021 | -7.7% | +0.9 |
| Q3 FY2021 | Sep 30, 2021 | 8.9% | −4.5 |
| Q2 FY2021 | Jun 30, 2021 | 11.7% | +71.5 |
| Q1 FY2021 | Mar 31, 2021 | 11.7% | +2.5 |
| Q4 FY2020 | Dec 31, 2020 | -8.6% | −1.3 |
| Q3 FY2020 | Sep 30, 2020 | 13.4% | +3.9 |
| Q2 FY2020 | Jun 30, 2020 | -59.7% | −69.9 |
| Q1 FY2020 | Mar 31, 2020 | 9.2% | −4.3 |
| Q4 FY2019 | Dec 31, 2019 | -7.3% | +16.3 |
| Q3 FY2019 | Sep 30, 2019 | 9.5% | +5.4 |
| Q2 FY2019 | Jun 30, 2019 | 10.1% | −8.6 |
| Q1 FY2019 | Mar 31, 2019 | 13.5% | −7.8 |
| Q4 FY2018 | Dec 31, 2018 | -23.6% | −12.9 |
| Q3 FY2018 | Sep 30, 2018 | 4.1% | +1.6 |
| Q2 FY2018 | Jun 30, 2018 | 18.8% | +2.6 |
| Q1 FY2018 | Mar 31, 2018 | 21.3% | +7.0 |
| Q4 FY2017 | Dec 31, 2017 | -10.7% | −0.4 |
| Q3 FY2017 | Sep 30, 2017 | 2.5% | – |
| Q2 FY2017 | Jun 30, 2017 | 16.1% | – |
| Q1 FY2017 | Mar 31, 2017 | 14.3% | – |
| Q4 FY2016 | Dec 31, 2016 | -10.2% | – |
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