Last 46 quarters of trend data · Consumer Cyclical · Leisure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 26.3% YoY to 14.2x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -1.60 | — | 18.30 | 164.75 | — | — | 11.95 | 114.84 | — | 21.63 | 8.56 | 45.04 | — |
| — | — | +53.1% | +43.5% | — | — | +39.7% | +155.0% | — | -14.7% | -11.1% | +230.8% | — | |
| P/S Ratio | 0.55 | 0.47 | 0.34 | 0.28 | 0.39 | 0.50 | 0.66 | 0.65 | 0.74 | 0.67 | 0.85 | 0.93 | 1.07 |
| — | -6.1% | -49.1% | -57.5% | -47.0% | -25.5% | -22.1% | -30.2% | -31.3% | -31.9% | -7.7% | -17.5% | -40.2% | |
| P/B Ratio | 0.96 | 0.71 | 0.60 | 0.50 | 0.60 | 0.51 | 0.78 | 0.77 | 0.68 | 0.70 | 1.02 | 1.14 | 0.97 |
| — | +37.6% | -22.9% | -35.0% | -12.0% | -27.2% | -23.6% | -32.9% | -29.5% | -31.0% | -5.9% | -10.1% | -30.2% | |
| P/FCF | 26.73 | 2.69 | 7.10 | — | — | 4.68 | 5.42 | — | 15.13 | 5.65 | — | — | — |
| — | -42.5% | +30.9% | — | — | -17.0% | — | — | — | — | — | — | — | |
| EV / EBITDA | — | 14.22 | 5.34 | 6.99 | — | 11.26 | 8.52 | 11.03 | 50.35 | 10.35 | 9.96 | 12.15 | 96.16 |
| — | +26.3% | -37.3% | -36.6% | — | +8.8% | -14.5% | -9.2% | -47.6% | -24.0% | +7.3% | -13.0% | — | |
| EV / EBIT | — | 36.15 | 9.99 | 13.62 | — | 33.03 | 13.15 | 20.76 | — | 17.66 | 14.11 | 29.07 | — |
| — | +9.4% | -24.0% | -34.4% | — | +87.1% | -6.8% | -28.6% | — | -16.4% | +20.4% | +55.7% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Topgolf Callaway Brands Corp.'s operating margin was 3.0% in Q3 2025, down 6.5 pp QoQ and down 0.3 pp YoY. The trailing four-quarter average of -34.8% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 3.8% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.5% | 70.1% | 63.5% | 61.1% | 64.2% | 67.6% | 63.2% | 60.3% | 64.1% | 63.2% | 62.8% | 58.3% | 64.1% |
| — | +3.8% | +0.5% | +1.4% | +0.2% | +6.9% | +0.7% | +3.3% | -0.0% | +2.5% | +5.0% | +3.0% | +1.5% | |
| Operating Margin | -29.7% | 3.0% | 9.5% | 6.1% | -158.0% | 3.3% | 8.9% | 5.8% | -3.6% | 7.1% | 9.8% | 6.9% | -4.1% |
| — | -8.9% | +7.1% | +4.1% | -4248.7% | -53.1% | -9.5% | -15.2% | +10.8% | +2.8% | -15.0% | -23.9% | +46.9% | |
| Net Margin | -34.1% | -1.6% | 1.8% | 0.2% | -163.6% | -0.4% | 5.4% | 0.6% | -8.6% | 2.9% | 10.0% | 2.1% | -8.5% |
| — | -342.9% | -65.9% | -66.2% | -1804.0% | -112.5% | -46.1% | -73.5% | -0.6% | -26.7% | +5.3% | -74.3% | -131.8% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -46.1% | -0.6% | 0.8% | 0.1% | -47.7% | -0.1% | 1.6% | 0.2% | -2.0% | 0.8% | 3.0% | 0.7% | -1.9% |
| — | -547.3% | -48.0% | -48.1% | -2321.9% | -112.1% | -47.6% | -74.6% | -2.7% | -25.7% | +7.7% | -71.9% | -170.8% | |
| ROA | -17.3% | -0.2% | 0.3% | 0.0% | -18.0% | -0.0% | 0.7% | 0.1% | -0.9% | 0.3% | 1.3% | 0.3% | -0.9% |
| — | -391.6% | -61.1% | -61.6% | -2014.9% | -111.9% | -47.9% | -75.0% | +1.5% | -29.6% | +1.0% | -74.0% | -149.8% | |
| ROIC | -13.8% | 0.4% | 1.6% | 0.9% | -17.4% | 0.4% | 1.2% | 0.7% | -0.3% | 0.8% | 1.2% | 0.8% | -0.4% |
| — | +2.4% | +41.4% | +27.8% | -4984.0% | -52.6% | -4.5% | -14.9% | +11.8% | -0.3% | -19.1% | -24.7% | +42.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Topgolf Callaway Brands Corp.'s Debt/EBITDA ratio is 47.5x, up from 16.7x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.72 | 1.80 | 1.17 | 1.20 | 1.72 | 0.76 | 0.77 | 0.79 | 1.05 | 0.79 | 0.80 | 1.01 | 0.95 |
| — | +135.4% | +52.4% | +50.4% | +63.9% | -3.3% | -4.5% | -21.5% | +11.1% | +12.9% | +13.1% | +17.5% | +17.9% | |
| Debt / EBITDA | — | 47.49 | 16.72 | 21.39 | — | 29.56 | 17.84 | 23.35 | 129.70 | 23.19 | 18.06 | 23.34 | 194.95 |
| — | +60.7% | -6.3% | -8.4% | — | +27.5% | -1.2% | +0.0% | -33.5% | +1.4% | +19.5% | +0.3% | — | |
| Current Ratio | 1.94 | 1.87 | 1.85 | 2.12 | 1.94 | 1.93 | 1.93 | 1.82 | 1.72 | 1.76 | 1.78 | 1.63 | 1.29 |
| — | -2.9% | -3.9% | +16.2% | +12.8% | +9.3% | +8.4% | +11.5% | +33.0% | +34.6% | +37.3% | +34.6% | -4.1% | |
| Quick Ratio | 1.02 | 1.30 | 1.25 | 1.41 | 1.02 | 1.14 | 1.15 | 1.02 | 0.88 | 0.95 | 0.88 | 0.77 | 0.48 |
| — | +14.5% | +8.6% | +38.7% | +16.1% | +19.3% | +31.5% | +32.5% | +84.9% | +55.0% | +23.2% | +4.3% | -34.8% | |
| Interest Coverage | -5.44 | 0.48 | 1.80 | 1.15 | -25.32 | 0.58 | 1.81 | 1.14 | -0.58 | 1.41 | 2.24 | 1.62 | -0.82 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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Quick answers to the most common questions about buying MODG stock.
Topgolf Callaway Brands Corp.'s current P/E is -1.6x. The average P/E over the last 2 quarters is 91.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Topgolf Callaway Brands Corp.'s current operating margin is -29.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Topgolf Callaway Brands Corp.'s business trajectory between earnings reports.