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MODGTopgolf Callaway Brands Corp.
$12.59$2.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
MODG logo

Topgolf Callaway Brands Corp.

MODG
NYSE · Leisure
$12.59
At close - Jun 20, 4:00 PM EDT - USD
Market Cap$2.32B
P/E-1.6x
52W High$16.65
Volume9.24M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2025Q3

Structural Revenue Contraction Pressures Capital Intensive Model

Topgolf Callaway Brands faces a challenging fundamental outlook characterized by persistent top-line contraction, evidenced by a 7.8% year-over-year revenue decline in 2025Q3. The company's high-cost venue-based model is currently struggling to scale, as evide...

GrowthContracting
ProfitabilityNegative
ValuationReview
TechnicalsMixed
Explore valuation models
MARKET ACTION

MODG price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

-109% Peers

P/E is 109% below peer median

03

Market leadership

RS 79 · Avg

Average momentum (RS Rating: 79)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · May 23

Market performance

Price History →

Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MODG+7.42%
S&P 500 (^GSPC)+12.66%
1-Year Return
MODG+29.93%
S&P 500 (^GSPC)+15.01%
3-Year Return
MODG-6.74%
S&P 500 (^GSPC)+80.11%
5-Year Return
MODG-55.75%
S&P 500 (^GSPC)+80.70%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-1.6x
Forward P/E
17.2x
EV/EBITDA
N/A
FCF YieldCash Flow
3.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-1.6x
25.3x
0th· Low
EV/EBITDA
N/A
16.4x
N/A
Price/FCF
26.7x
16.7x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$4.24B-1.1% YoY
Net income
-$1.45B-1623.9% YoY
Free cash flow
$87M+173.8% YoY
Operating margin
-29.7%-35.2 pts YoY
ROIC (TTM)-13.8%
Avg ROIC 5Y-
ROE (TTM)-46.1%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026Latest
Feb 23, 2026
-$0.33+22.2%
vs -$0.42
$368M-53.3%
vs $787M
Q4 2025
Nov 6, 2025
-$0.05+76.2%
vs -$0.21
$934M+18.8%
vs $786M
Q3 2025
Aug 6, 2025
$0.24+700.0%
vs $0.03
$1.1B+22.8%
vs $904M
Q2 2025
May 12, 2025
$0.11+375.0%
vs -$0.04
$1.1B+1.4%
vs $1.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
04

Compare before deciding

Benchmark MODG against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Topgolf Callaway Brands Corp. (MODG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MODG logoMODGTopgolf Callaway Brands Corp.Current
$12.59$2.32B-1.60-1.06%-34.15%-46.06%—
GOLF logoGOLFAcushnet Holdings Corp.
$83.65$4.9B26.984.14%8.12%25.91%—
DKS logoDKSDICK'S Sporting Goods, Inc.
$136.08$11.63B13.6528.06%3.97%14.99%—
SHAK logoSHAKShake Shack Inc.
$60.98$2.46B55.9515.38%2.56%7.17%—
PLNT logoPLNTPlanet Fitness, Inc.
$42.41$3.37B16.1912.06%16.88%——
NKE logoNKENIKE, Inc.
$33.87$50.12B16.130.19%6.7%22%—

Compare MODG vs Peers

Topgolf Callaway Brands Corp. (MODG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GOLF

Most directly comparable listed peer for MODG.

Scale Benchmark

vs NKE

Larger-name benchmark to compare MODG against a more recognizable public peer.

Peer Set

Compare Top 5

vs GOLF, DKS, SHAK, PLNT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

MODG SEC Filings & Documents

Topgolf Callaway Brands Corp. (MODG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Feb 27, 2026·SEC

Material company update

Feb 12, 2026·SEC

Material company update

Jan 16, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 12, 2025·SEC

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MODG Frequently Asked Questions

Topgolf Callaway Brands Corp. (MODG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Topgolf Callaway Brands Corp.'s revenue?

Topgolf Callaway Brands Corp. (MODG) reported $4.06B in revenue for fiscal year 2024. This represents a 634% increase from $553.3M in 1995.

How fast is Topgolf Callaway Brands Corp. growing?

Topgolf Callaway Brands Corp. (MODG) saw revenue decline by 1.1% over the past year.

Is MODG profitable?

Topgolf Callaway Brands Corp. (MODG) reported a net loss of $1.50B for fiscal year 2024.

Dividend & Returns
What is MODG's return on equity?

Topgolf Callaway Brands Corp. (MODG) has a return on equity (ROE) of -46.1%. Negative ROE indicates the company is unprofitable.

What is Topgolf Callaway Brands Corp.'s free cash flow?

Topgolf Callaway Brands Corp. (MODG) generated $34.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MODG back in 1995?

Total return calculator · dividends reinvested · 31+ years of data

See returns →