Topgolf Callaway Brands Corp. (MODG) Earnings History
Net Loss34 years of earnings data (1991–2024) · Currently unprofitable on a TTM basis
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Topgolf Callaway Brands Corp. (MODG) Earnings Overview
As of June 22, 2026, Topgolf Callaway Brands Corp. (MODG) reported trailing twelve-month net income of -$1.50B, reflecting -1776.6% year-over-year growth. The company earned $-8.18 per diluted share over the past four quarters, with a net profit margin of -34.1%.
Looking at the long-term picture, MODG's historical earnings data spans multiple years. The company achieved its highest annual net income of $322M in fiscal 2021.
Topgolf Callaway Brands Corp. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including GOLF ($171M net income, 7.4% margin), DKS ($905M net income, 4.9% margin), SHAK ($41M net income, 3.2% margin), MODG has room to improve margins relative to the peer group. Compare MODG vs GOLF →
MODG Earnings vs Peers
Earnings metrics vs comparable public companies
MODG Historical Earnings Data (1991–2024)
34 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | -$1.45B | -1623.9% | -$1.26B | $-7.88 | -34.1% | -29.7% |
| 2023 | $95M | -39.8% | $238M | $0.47 | 2.2% | 5.5% |
| 2022 | $158M | -51.0% | $257M | $0.78 | 4.0% | 6.4% |
| 2021 | $322M | +353.7% | $205M | $1.82 | 10.3% | 6.5% |
| 2020 | -$127M | -259.8% | -$106M | $-1.35 | -8.0% | -6.6% |
| 2019 | $79M | -24.2% | $133M | $0.82 | 4.7% | 7.8% |
| 2018 | $105M | +156.7% | $128M | $1.08 | 8.4% | 10.3% |
| 2017 | $41M | -78.5% | $79M | $0.42 | 3.9% | 7.5% |
| 2016 | $190M | +1203.5% | $44M | $1.98 | 21.8% | 5.1% |
| 2015 | $15M | -9.0% | $27M | $0.17 | 1.7% | 3.2% |
| 2014 | $16M | +184.6% | $31M | $0.20 | 1.8% | 3.5% |
| 2013 | -$19M | +84.8% | -$11M | $-0.26 | -2.2% | -1.3% |
| 2012 | -$124M | +27.7% | -$117M | $-1.85 | -14.9% | -14.0% |
| 2011 | -$172M | -813.7% | -$81M | $-2.66 | -19.4% | -9.1% |
| 2010 | -$19M | -23.2% | -$27M | $-0.29 | -1.9% | -2.7% |
| 2009 | -$15M | -123.1% | -$31M | $-0.24 | -1.6% | -3.2% |
| 2008 | $66M | +21.2% | $84M | $1.04 | 5.9% | 7.5% |
| 2007 | $55M | +134.4% | $90M | $0.81 | 4.9% | 8.0% |
| 2006 | $23M | +75.3% | $37M | $0.34 | 2.3% | 3.6% |
| 2005 | $13M | +231.5% | $17M | $0.19 | 1.3% | 1.7% |
| 2004 | -$10M | -122.2% | -$25M | $-0.15 | -1.1% | -2.6% |
| 2003 | $46M | -34.4% | $66M | $0.68 | 5.6% | 8.1% |
| 2002 | $69M | +19.0% | $110M | $1.03 | 8.8% | 13.9% |
| 2001 | $58M | -27.9% | $113M | $0.82 | 7.2% | 13.8% |
| 2000 | $81M | +46.5% | $122M | $1.13 | 9.7% | 14.6% |
| 1999 | $55M | +307.9% | $80M | $0.78 | 7.7% | 11.2% |
| 1998 | -$27M | -120.0% | $14M | $-0.38 | -3.8% | 2.0% |
| 1997 | $133M | +8.5% | $221M | $1.85 | 15.7% | 26.2% |
| 1996 | $122M | +25.2% | $190M | $1.73 | 18.0% | 28.0% |
| 1995 | $98M | +25.3% | $154M | $1.40 | 17.7% | 27.9% |
| 1994 | $78M | +81.8% | $127M | $1.15 | 17.4% | 28.2% |
| 1993 | $43M | +122.3% | $68M | $0.63 | 16.8% | 26.8% |
| 1992 | $19M | +201.6% | $33M | $0.34 | 14.6% | 24.8% |
| 1991 | $6M | - | $11M | $0.11 | 11.7% | 19.7% |
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MODG — Frequently Asked Questions
Quick answers to the most common questions about buying MODG stock.
What is MODG earnings per share (EPS)?
MODG trailing twelve-month (TTM) diluted EPS is $-8.18, reflecting -1776.6% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1991 to 2024 is available in the table on this page.
What is Topgolf Callaway Brands Corp.'s net income?
Topgolf Callaway Brands Corp. (MODG) trailing twelve-month net income is $-1.5B as of 2024. Earnings declined -1776.6% year-over-year.
Is MODG profitable?
MODG is not currently profitable on a TTM basis, reporting a net loss of $-1.5B. Net margin is -34.1%. Investors should monitor for a return to profitability.
What is MODG's earnings growth rate?
MODG compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1991 to 2024.
What are MODG's profit margins?
Topgolf Callaway Brands Corp. net profit margin is -34.1%, operating margin is -29.7%, and gross margin is +62.5%. Below-average margins reflect competitive or cost pressures. Return on Equity is -46.1%.
Is MODG growing earnings?
MODG earnings are declining — EPS fell -1776.6% year-over-year. TTM net income dropped to $-1.5B. This contrasts with the 5-year CAGR of N/A.
What was MODG's best earnings year?
Topgolf Callaway Brands Corp.'s highest annual net income on record is $322M, achieved in fiscal year 2021. Earnings history on this page spans 1991 to 2024 and includes all annual and quarterly figures.
What were MODG's earnings last quarter?
MODG's most recent reported quarter was Q3 2025. Net income was $-15M with diluted EPS of $-0.08. For a full breakdown of all quarters, see the quarterly earnings table on this page.