Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $871M | $1.05B | $1.24B | $1.70B | $1.59B | $3.13B | $4.00B | $2.13B | $2.08B | $2.06B |
| Revenue growth | — | 20.4% | 18.5% | 36.9% | -6.6% | 97.1% | 27.5% | -46.6% | -2.6% | -0.8% |
| Gross profit | $385M | $480M | $578M | $767M | $658M | — | — | $927M | $887M | $868M |
| Gross margin | 44.2% | 45.8% | 46.5% | 45.1% | 41.4% | — | — | 43.5% | 42.7% | 42.1% |
| Operating income | $44.2M | $78.8M | $128M | $133M | -$106M | $205M | $257M | $194M | $153M | $128M |
| Operating margin | 5.1% | 7.5% | 10.3% | 7.8% | -6.6% | 6.5% | 6.4% | 9.1% | 7.4% | 6.2% |
| Net income | $190M | $40.8M | $105M | $79.4M | -$127M | $322M | $158M | $95.0M | -$1.45B | -$409M |
| Net margin | 21.8% | 3.9% | 8.4% | 4.7% | -8.0% | 10.3% | 4.0% | 4.5% | -69.7% | -19.9% |
| EPS (diluted) | $1.98 | $0.42 | $1.08 | $0.82 | -$1.35 | $1.82 | $0.82 | $0.50 | -$7.23 | -$2.20 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $77.7M | $118M | $92.3M | $86.5M | $228M | $278M | -$35.1M | $365M | $382M | $334M |
| Capital expenditures | $16.2M | $26.2M | $36.8M | $54.7M | $39.2M | $322M | $532M | $50.0M | $48.7M | $31.8M |
| Free cash flow | $61.6M | $91.5M | $55.5M | $31.8M | $189M | -$44.0M | -$567M | $315M | $333M | $302M |
| Share buybacks | $5.14M | $16.6M | $22.5M | $28.1M | $22.2M | $38.2M | $35.8M | $56.0M | $31.4M | $3.70M |
| Dividends paid | $3.76M | $3.77M | $3.79M | $3.78M | $1.90M | $0.00 | $0.00 | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $126M | $85.7M | $107M | $107M | $366M | $352M | $180M | $394M | $445M | $903M |
| Total assets | $801M | $991M | $1.05B | $1.96B | $1.98B | $7.75B | $8.59B | $9.12B | $7.64B | $7.29B |
| Long-term debt | $0.00 | $9.45M | $7.22M | $443M | $651M | $1.03B | $1.18B | $1.52B | $1.41B | $651M |
| Shareholders' equity | $599M | $650M | $725M | $767M | $676M | $3.68B | $3.77B | $3.88B | $2.41B | $2.07B |
| Retained earnings | $287M | $324M | $414M | $489M | $360M | $682M | $853M | $948M | -$500M | -$910M |
| Shares (wtd avg diluted) | 95.8M | 96.6M | 97.2M | 96.3M | 94.2M | 177M | 201M | 201M | 199M | 186M |
Every figure is extracted from Callaway Golf Co’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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