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MODG 
Callaway Golf Company (MODG)
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Upturn Advisory Summary
11/28/2025: MODG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
10 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $12.5
1 Year Target Price $12.5
| 2 | Strong Buy |
| 1 | Buy |
| 5 | Hold |
| 1 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -36.97% | Avg. Invested days 20 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/28/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.37B USD | Price to earnings Ratio - | 1Y Target Price 12.5 |
Price to earnings Ratio - | 1Y Target Price 12.5 | ||
Volume (30-day avg) 10 | Beta 0.98 | 52 Weeks Range 5.42 - 13.00 | Updated Date 11/30/2025 |
52 Weeks Range 5.42 - 13.00 | Updated Date 11/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -8.19 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-11-10 | When After Market | Estimate -0.22 | Actual -0.05 |
Profitability
Profit Margin -37.06% | Operating Margin (TTM) 3.16% |
Management Effectiveness
Return on Assets (TTM) 1.59% | Return on Equity (TTM) -46.95% |
Valuation
Trailing PE - | Forward PE 156.25 | Enterprise Value 4685021244 | Price to Sales(TTM) 0.58 |
Enterprise Value 4685021244 | Price to Sales(TTM) 0.58 | ||
Enterprise Value to Revenue 1.15 | Enterprise Value to EBITDA 9.65 | Shares Outstanding 183883637 | Shares Floating 139376442 |
Shares Outstanding 183883637 | Shares Floating 139376442 | ||
Percent Insiders 12.18 | Percent Institutions 84.79 |
Upturn AI SWOT
Callaway Golf Company
Company Overview
History and Background
Callaway Golf Company was founded in 1982 by Ely Callaway Jr. Initially known for high-quality golf clubs, the company grew through innovation and acquisitions, expanding into apparel, footwear, and other related products. A key milestone was the introduction of the Big Bertha driver in the early 1990s, revolutionizing golf club design.
Core Business Areas
- Golf Equipment: Designs, manufactures, and sells golf clubs, including drivers, fairway woods, hybrids, irons, and putters.
- Golf Balls: Produces and sells golf balls for all skill levels.
- Apparel and Gear: Offers a range of golf apparel, footwear, and accessories through the TravisMathew, Jack Wolfskin, and Callaway Apparel brands.
- Topgolf: Entertainment business offering interactive golf games and social experiences.
Leadership and Structure
Chip Brewer is the current President and CEO. The company operates with a functional organizational structure, with departments specializing in product development, marketing, sales, operations, and finance.
Top Products and Market Share
Key Offerings
- Callaway Drivers (e.g., Paradym Series): High-performance drivers designed for distance and forgiveness. Market share varies by specific model and region, but Callaway is consistently a top player in the driver market. Competitors include TaylorMade, Titleist, and Ping. Estimates suggest the drivers market is worth $2 billion annually.
- Callaway Irons (e.g., Apex Series): Forged and cast irons designed for various skill levels. Competitors include TaylorMade, Titleist, and Ping. Market share data is highly variable and specific model performance is sensitive to product innovations.
- Odyssey Putters: Widely used putters on professional tours and by amateur golfers. Competitors include PING, Scotty Cameron (Titleist), and Bettinardi. Odyssey is frequently the #1 putter brand on the PGA Tour.
- Topgolf Venues: Entertainment centers offering interactive golf games, food, and beverages. Competitors include Drive Shack and other smaller regional golf entertainment venues. Topgolf contributes a significant portion of Callaway's overall revenue.
Market Dynamics
Industry Overview
The golf industry is subject to fluctuations in consumer spending, weather patterns, and economic conditions. Key trends include the growth of golf entertainment venues, increased adoption of technology in golf equipment and instruction, and a focus on sustainability.
Positioning
Callaway Golf Company holds a strong position as a leading manufacturer of golf equipment and apparel. The company has differentiated itself through technological innovation, brand recognition, and strategic acquisitions. The acquisition of Topgolf has diversified their revenue streams and expanded their reach to a broader audience.
Total Addressable Market (TAM)
The global golf equipment market is estimated to be around $13 billion annually, while the golf entertainment market is growing rapidly. Callaway is positioned to capture a significant share of both markets, especially through its integrated approach and established brand.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Innovative product development
- Diversified revenue streams (equipment, apparel, Topgolf)
- Strong presence in both equipment and entertainment
- Effective marketing and sales channels
Weaknesses
- Dependence on consumer spending
- Exposure to weather-related disruptions
- High competition in the golf equipment market
- Potential integration challenges with acquired companies
- Sensitivity to economic downturns
Opportunities
- Expanding into emerging markets
- Further developing technology-driven products
- Growing the Topgolf business
- Acquiring complementary businesses
- Capitalizing on the increasing popularity of golf among younger generations
Threats
- Economic recessions
- Increased competition from other golf equipment manufacturers
- Changes in consumer preferences
- Disruptions in the supply chain
- Negative publicity related to product quality or ethical concerns
Competitors and Market Share
Key Competitors
- TAY (TaylorMade)
- TITLEIST (Acushnet Holdings Corp)
- PING (Privately Held)
Competitive Landscape
Callaway Golf Company benefits from a strong brand and a diversified business model, including Topgolf. However, it faces intense competition from other major golf equipment manufacturers like TaylorMade and Acushnet (Titleist). Callaway must continue to innovate and adapt to changing consumer preferences to maintain its competitive edge.
Major Acquisitions
Jack Wolfskin
- Year: 2019
- Acquisition Price (USD millions): 476
- Strategic Rationale: Expanded Callaway's presence in the outdoor apparel and gear market.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by product innovation, strategic acquisitions (especially Topgolf), and expansion into new markets. Past performance is not indicative of future results.
Future Projections: Future growth is expected to be driven by the continued success of Topgolf, innovation in golf equipment, and expansion into new markets. Analyst estimates vary and are subject to change.
Recent Initiatives: Recent initiatives include new product launches (e.g., the Paradym driver), expansion of Topgolf venues, and investments in technology and sustainability.
Summary
Callaway Golf Company is a strong player in the golf industry, driven by its equipment offerings and the Topgolf experience. Its diversification strategy has proven successful. However, it must navigate the challenges of a competitive market and economic uncertainty, while maintaining innovation to retain its market share. Vigilance in managing debt and integrating acquisitions is also crucial.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
- Market Research Reports
- Company Website
Disclaimers:
The information provided is based on publicly available data and general industry knowledge. Actual financial performance and market conditions may vary. This analysis is for informational purposes only and should not be considered financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Callaway Golf Company
Exchange NYSE | Headquaters Carlsbad, CA, United States | ||
IPO Launch date 1992-02-27 | President, CEO & Director Mr. Oliver G. Brewer III | ||
Sector Consumer Cyclical | Industry Leisure | Full time employees 30000 | |
Full time employees 30000 | |||
Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. It operates in three business segments: Topgolf, Golf Equipment, and Active Lifestyle. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under the Callaway and Odyssey brands, and golf balls under the Callaway Golf and Strata brands. The Active Lifestyle segment offers golf apparel and footwear; golf accessories, including golf bags, golf gloves, headwear, and practice aids under the Callaway brand; men's, women's, and youth apparel as well as footwear, outerwear and accessories under the TravisMathew brand. This segment also provides storage and travel gear for sport and personal use, such as backpacks, travel bags, duffel and golf bags, and accessories under the OGIO brand. In addition, it offers outdoor apparel for men, women and children comprising jackets, trousers, dresses, skirts, and tops; and footwear and outdoor equipment, including packs and bags, travel bags, tents, sleeping bags, and accessories under the Jack Wolfskin brand. It sells its products through golf retailers, sporting goods retailers, online retailers, mass merchants, department stores, third-party distributors, and mail order stores, and directly to consumers through its retail stores and websites. The company was formerly known as Callaway Golf Company and changed its name to Topgolf Callaway Brands Corp. in September 2022. Topgolf Callaway Brands Corp. was incorporated in 1982 and is headquartered in Carlsbad, California.
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