Callaway Golf Company

CALYNYSEConsumer Cyclical● Active

$17.38

+$0.00(+0.01%)

Market Cap$3.1B

P/E Ratio—

52W High$18

52W Low$7.73

Avg Volume2.7M

Open$17.81

Beta0.97

Free Cash Flow Financials Revenue

Callaway Golf Company (CALY) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CALY · free cash flow · updated Jun 15, 2026

Core FCF metrics

CALY · FCF · TTM · margin & CAGR

Free cash flow was $301.2M for FY2025 (fiscal year ending 2025-12-31), up 261.2% year-over-year The FCF margin was 14.6%. Five-year CAGR stands at +9.8%.

FY2025 Free Cash Flow$301.2M▲ +261.2% YoY

Trailing 12M (TTM)$279.4Mtrailing 4 quarters sum

FCF Margin14.6%$301.2M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+9.8%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 15, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CALY · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$333.0M(32M)$301.2M▲ +261.2%14.6%

FY2024$382.0M(299M)$83.4M▲ +170.6%2.0%

FY2023$364.7M(483M)−$118.1M▲ +79.3%-2.8%

FY2022−$35.1M(536M)−$570.6M▼ 1196.8%-14.3%

FY2021$278.3M(322M)−$44.0M▼ 123.3%-1.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CALY · P/FCF · FCF yield · FCF per share

Callaway Golf Company (CALY) trades at a FCF yield of 8.94% and a price-to-free-cash-flow ratio of 11.4x. FCF per share stands at $1.52, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

8.94%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.52

TTM FCF ÷ Shares Outstanding

Price / FCF

x11.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x11.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CALY · cash flow statement · operating / investing / financing

For FY2025, Callaway Golf Company generated $333.0M in operating cash flow and spent 32M in capital expenditures, yielding $301.2M in free cash flow.

Operating Activities

+$333.0M

Cash from core business operations

2025-12-31

Investing Activities

+$21.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$92.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($333.0M) − |CapEx| (32M) = FCF ($301.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

CALY vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Callaway Golf CompanyYOU

CALY

$301.2M+261.2%14.6%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Callaway Golf Company (CALY) reported free cash flow of $301.2M for FY2025 (fiscal year ending 2025-12-31), up 261.2% year-over-year. The FCF margin was 14.6%.

Based on available data, Callaway Golf Company has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $301.2M in FY2025. The 5-year CAGR stands at +9.8%.

Callaway Golf Company's FCF yield is 8.94% and price-to-FCF ratio is 11.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CALY free cash flow · 8 questions

Callaway Golf Company free cash flow was $301.2M for FY2025, up 261.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $279.4M.

CALY free cash flowCALY FCFCALY FCF 2025CALY free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Callaway Golf Company · Callaway Golf Company SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 15, 2026