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Callaway Golf Company (CALY)

Consumer Cyclical | Leisure | Carlsbad, United States | NYSE
13.54 USD -0.30 (-2.168%) ⇩ (Oct. 14, 2026, 4 p.m. EDT)
After hours: 13.54
Short-term:★★☆☆☆Long-term:★☆☆☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 11:17 a.m. EDT

The investment case for Callaway Golf is currently broken by a severe structural deterioration in its price trajectory. The stock has endured four consecutive years of negative annual returns, dropping nearly 26% over the last decade despite showing signs of operational recovery in recent quarters. While the company appears to be generating cash and improving sales, the market has priced in a persistent failure to translate that into share price appreciation, likely due to lingering concerns about competitive positioning or capital allocation. The lack of a dividend eliminates any income floor, leaving investors exposed entirely to capital loss risks. Although the stock trades at a reasonable multiple relative to its depressed earnings, the multi-year decline suggests the market views the current fundamentals as insufficient to reverse the trend. Options flow confirms this pessimism, with heavy put buying acting as insurance against further downside. Until the price chart demonstrates a sustained break from this four-year decline, the risk-reward profile remains skewed heavily toward the downside.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.140907
AutoETS0.142921
AutoARIMA0.145132
AutoTheta0.165102

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 38%
H-stat 9.16
Ljung-Box p 0.000
Jarque-Bera p 0.114
Excess Kurtosis -0.12
Attribute Value
Sector Consumer Cyclical
Ex Dividend Date 2020-05-25
Last Dividend Date 2020-05-25
Debt to Equity Ratio 12.643
Revenue per Share 11.654
Market Cap 2,433,917,440
Trailing P/E 15.93
Forward P/E 15.28
Beta 0.96
Profit Margins -12.37%
Website https://www.callawaygolf.com

As of Oct. 10, 2026, 11:17 a.m. EDT: Speculators are heavily positioned for downside protection, with significant open interest in deep out-of-the-money puts (strikes $5-$10) expiring in early 2027, suggesting a fear of a prolonged decline. Conversely, call activity is concentrated in the money and slightly out-of-the-money strikes ($15-$20), indicating a speculative hope for a rebound to historical highs rather than a conviction in a massive rally. Implied volatility is elevated, reflecting uncertainty about whether the stock can escape its multi-year downtrend.

Dividend Data

Dividend History
Date Dividend Yield %
2020-05-26 0.01000 0.065703
2020-02-12 0.01000 0.050736
2019-12-03 0.01000 0.049140
2019-08-12 0.01000 0.055463
2019-05-20 0.01000 0.066578
2019-02-13 0.01000 0.062814
2018-11-20 0.01000 0.052411
2018-08-10 0.01000 0.044743
2018-05-21 0.01000 0.053390
2018-02-13 0.01000 0.066138
2017-11-21 0.01000 0.068729
2017-08-18 0.01000 0.077042
2017-05-19 0.01000 0.078740
2017-02-23 0.01000 0.098328
2016-11-28 0.01000 0.081037
2016-08-23 0.01000 0.085470
2016-05-23 0.01000 0.102354
2016-02-19 0.01000 0.116550
2015-11-20 0.01000 0.101215
2015-08-19 0.01000 0.111982
2015-05-21 0.01000 0.102775
2015-03-06 0.01000 0.115741
2014-11-20 0.01000 0.132100
2014-08-20 0.01000 0.135318
2014-05-30 0.01000 0.124688
2014-02-13 0.01000 0.123609
2013-11-19 0.01000 0.123916
2013-08-19 0.01000 0.146843
2013-05-17 0.01000 0.150150
2013-02-20 0.01000 0.141243
2012-11-19 0.01000 0.161290
2012-08-16 0.01000 0.165837
2012-05-16 0.01000 0.184162
2012-02-15 0.01000 0.157480
2011-11-16 0.01000 0.191571
2011-08-16 0.01000 0.169205
2011-05-18 0.01000 0.144092
2011-02-16 0.01000 0.125628
2010-11-17 0.01000 0.138504
2010-08-16 0.01000 0.152672
2010-05-19 0.01000 0.118203
2010-02-17 0.01000 0.125945
2009-11-18 0.01000 0.137931
2009-08-21 0.01000 0.148810
2009-06-24 0.01000 0.193050
2009-04-13 0.07000 0.876095
2008-12-01 0.07000 0.785634
2008-09-16 0.07000 0.511322
2008-06-09 0.07000 0.565428
2008-03-11 0.07000 0.445576
2007-12-06 0.07000 0.387382
2007-09-04 0.07000 0.423985
2007-06-14 0.07000 0.388457
2007-03-20 0.07000 0.437774
2006-11-29 0.07000 0.472335
2006-09-11 0.07000 0.545171
2006-06-15 0.07000 0.526316
2006-03-21 0.07000 0.423985
2005-12-02 0.07000 0.473293
2005-09-02 0.07000 0.482759
2005-06-13 0.07000 0.554236
2005-03-15 0.07000 0.505415
2004-12-02 0.07000 0.592718
2004-09-03 0.07000 0.573771
2004-06-09 0.07000 0.459619
2004-03-10 0.07000 0.383562
2003-11-21 0.07000 0.434783
2003-08-29 0.07000 0.465735
2003-05-22 0.07000 0.499287
2003-03-11 0.07000 0.666032
2002-11-18 0.07000 0.549020
2002-08-29 0.07000 0.468227
2002-05-16 0.07000 0.385250
2002-02-15 0.07000 0.402994
2001-11-19 0.07000 0.431034
2001-08-29 0.07000 0.391061
2001-05-11 0.07000 0.290216
2001-02-16 0.07000 0.317460
2000-11-20 0.07000 0.410256
2000-08-31 0.07000 0.482759
2000-05-12 0.07000 0.340426
2000-02-29 0.07000 0.583333
1999-11-30 0.07000 0.480687
1999-08-27 0.07000 0.674699
1999-05-14 0.07000 0.434109
1999-02-08 0.07000 0.658824
1998-11-02 0.07000 0.636364
1998-08-03 0.07000 0.568528
1998-05-01 0.07000 0.256881
1998-02-06 0.07000 0.245077
1997-10-24 0.07000 0.206642
1997-07-25 0.07000 0.199288
1997-04-25 0.07000 0.232365
1997-01-31 0.07000 0.209738
1996-10-25 0.06000 0.189723
1996-07-26 0.06000 0.200837
1996-04-26 0.06000 0.223256
1996-02-02 0.06000 0.290909
1995-10-26 0.05000 0.312500
1995-07-28 0.05000 0.336134
1995-05-04 0.05000 0.412371
1995-02-06 0.02500 0.149813
1994-10-25 0.02500 0.140351
1994-07-28 0.02500 0.143369
1994-05-03 0.02500 0.125392
1994-02-04 0.02500 0.155039
1993-10-27 0.00625 0.043956
1993-07-27 0.00625 0.055866
1993-05-03 0.00625 0.082305
1993-02-11 0.00625 0.108108
Additional Data
dividendYield 0.0
exDividendDate 2020-05-26
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.01
lastDividendDate 2020-05-26

Info Dump

Attribute Value
52 Week Change 0.4653679
Address1 2,180 Rutherford Road
All Time High 38.5
All Time Low 2.21875
Ask 13.93
Ask Size 700
Audit Risk 2
Average Daily Volume10 Day 2,021,030
Average Daily Volume3 Month 1,964,268
Average Volume 1,964,268
Average Volume10Days 2,021,030
Beta 0.964
Bid 13.05
Bid Size 1,100
Board Risk 3
Book Value 12.074
City Carlsbad
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 3
Country United States
Crypto Tradeable 0
Currency USD
Current Price 13.54
Current Ratio 3.043
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 13.765
Day Low 13.405
Debt To Equity 12.643
Display Name Callaway Golf
Dividend Yield 0.0
Earnings Call Timestamp End 1,785,877,200
Earnings Call Timestamp Start 1,785,877,200
Earnings Growth 2.621
Earnings Quarterly Growth 2.704
Earnings Timestamp 1,785,873,600
Earnings Timestamp End 1,793,908,800
Earnings Timestamp Start 1,793,908,800
Ebitda 245,300,000
Ebitda Margins 0.11517999
Enterprise To Ebitda 9.834
Enterprise To Revenue 1.133
Enterprise Value 2,412,332,544
Eps Current Year 0.74428
Eps Forward 0.88624
Eps Trailing Twelve Months 0.85
Esg Populated 0
Ex Dividend Date 1,590,451,200
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 15.3278
Fifty Day Average Change -1.7877998
Fifty Day Average Change Percent -0.11663774
Fifty Two Week Change Percent 46.536793
Fifty Two Week High 20.28
Fifty Two Week High Change -6.7400007
Fifty Two Week High Change Percent -0.33234715
Fifty Two Week Low 8.71
Fifty Two Week Low Change 4.83
Fifty Two Week Low Change Percent 0.55453503
Fifty Two Week Range 8.71 - 20.28
Financial Currency USD
First Trade Date Milliseconds 699,287,400,000
Five Year Avg Dividend Yield 0.14
Float Shares 154,706,143
Forward Eps 0.88624
Forward P E 15.2780285
Free Cashflow 94,225,000
Full Exchange Name NYSE
Full Time Employees 28,000
Fullday Change 0.14000034
Fullday Change Percent 1.0219003
Fullday Price 13.54
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.44305
Gross Profits 943,600,000
Has Pre Post Market Data 1
Held Percent Insiders 0.13317999
Held Percent Institutions 0.89412004
Implied Shares Outstanding 179,757,563
Industry Leisure
Industry Disp Leisure
Industry Key leisure
Ipo Expected Date 2,023-07-13
Ir Website http://ir.callawaygolf.com/phoenix.zhtml?c=68083&p=irol-IRHome
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,590,451,200
Last Dividend Value 0.01
Last Fiscal Year End 1,767,139,200
Last Split Date 795,052,800
Last Split Factor 2:1
Long Business Summary Callaway Golf Company designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. It operates in two business segments: Golf Equipment; and Apparel, Gear and Other. The company provides drivers, fairway woods, hybrids, irons, and wedges under the Callaway brands; packaged sets under the Callaway and Strata brands; and putters under Odyssey brand. It designs, manufactures, and sells golf clubs, golf balls, apparel, bags, and other accessories under TravisMathew and OGIO brand. It sells its products through golf retailers, sporting goods retailers, online retailers, mass merchants, department stores, third-party distributors, and merchants, and directly to consumers through its retail stores and websites. The company was formerly known as Topgolf Callaway Brands Corp. and changed its name to Callaway Golf Company in January 2026. The company was incorporated in 1982 and is headquartered in Carlsbad, California.
Long Name Callaway Golf Company
Market us_market
Market Cap 2,433,917,440
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_25981
Most Recent Quarter 1,782,777,600
Net Income To Common 80,600,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 2,604,468,501
Number Of Analyst Opinions 10
Open 13.66
Operating Cashflow 372,800,000
Operating Margins 0.17282
Overall Risk 1
Payout Ratio 0.0
Peg Ratio 0.72
Phone 760 931 1771
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 13.54
Post Market Time 1,792,011,618
Previous Close 13.84
Price Eps Current Year 18.19208
Price Hint 2
Price To Book 1.1214179
Price To Sales Trailing12 Months 1.1427916
Profit Margins -0.12367
Quick Ratio 1.566
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.3
Regular Market Change Percent -2.16763
Regular Market Day High 13.765
Regular Market Day Low 13.405
Regular Market Day Range 13.405 - 13.765
Regular Market Open 13.66
Regular Market Previous Close 13.84
Regular Market Price 13.54
Regular Market Time 1,792,008,002
Regular Market Volume 2,204,959
Return On Assets 0.02409
Return On Equity 0.03466
Revenue Growth 0.02
Revenue Per Share 11.654
Sand P52 Week Change 0.1570785
Sector Consumer Cyclical
Sector Disp Consumer Cyclical
Sector Key consumer-cyclical
Share Holder Rights Risk 1
Shares Outstanding 179,757,563
Shares Percent Shares Out 0.0345
Shares Short 6,157,683
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 5,234,282
Short Name Callaway Golf Company
Short Percent Of Float 0.045900002
Short Ratio 2.93
Source Interval 15
State CA
Symbol CALY
Target High Price 23.0
Target Low Price 17.0
Target Mean Price 20.4
Target Median Price 20.0
Total Cash 278,100,000
Total Cash Per Share 1.558
Total Debt 273,400,000
Total Revenue 2,129,799,936
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.85
Trailing P E 15.929411
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 15.3801
Two Hundred Day Average Change -1.8401003
Two Hundred Day Average Change Percent -0.11964163
Type Disp Equity
Volume 2,204,959
Website https://www.callawaygolf.com
Zip 92,008