Topgolf Callaway Brands Corp. (MODG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Sales/Revenue | 934M | 1.11B | 1.09B | 924.4M | 1.01B | 1.16B | 1.14B | 897.1M | 1.04B | 1.18B | 1.17B | 851.3M | 988.5M | 1.12B | 1.04B | 711.72M | 856.5M | 913.6M | 651.6M | 374.63M |
| Revenue Growth % | -7.79% | -4.09% | -4.54% | 3.04% | -2.66% | -1.86% | -1.99% | 5.38% | 5.27% | 5.74% | 12.23% | 19.61% | 15.41% | 22.12% | 59.64% | 89.98% | 80.1% | 207.61% | 47.33% | 20.1% |
| Cost of Goods Sold | 279.1M | 404.9M | 424.8M | 330.7M | 328.5M | 426.1M | 454.5M | 322.3M | 382.7M | 439.3M | 486.4M | 305.8M | 378.9M | 449.1M | 450.8M | 262.29M | 328.4M | 357.8M | 321.6M | 235.51M |
| COGS % of Revenue | 29.88% | 36.46% | 38.89% | 35.77% | 32.43% | 36.8% | 39.72% | 35.93% | 36.78% | 37.24% | 41.67% | 35.92% | 38.33% | 40.25% | 43.34% | 36.85% | 38.34% | 39.16% | 49.36% | 62.86% |
| Gross Profit | 654.9M | 705.6M | 667.5M | 593.7M | 684.4M | 731.7M | 689.7M | 574.8M | 657.9M | 740.4M | 681M | 545.5M | 609.6M | 666.6M | 589.4M | 449.43M | 528.1M | 555.8M | 330M | 139.12M |
| Gross Margin % | 70.12% | 63.54% | 61.11% | 64.23% | 67.57% | 63.2% | 60.28% | 64.07% | 63.22% | 62.76% | 58.33% | 64.08% | 61.67% | 59.75% | 56.66% | 63.15% | 61.66% | 60.84% | 50.64% | 37.14% |
| Gross Profit Growth % | -4.31% | -3.57% | -3.22% | 3.29% | 4.03% | -1.18% | 1.28% | 5.37% | 7.92% | 11.07% | 15.54% | 21.38% | 15.43% | 19.94% | 78.61% | 223.05% | 163.09% | 355.37% | 68.65% | 6.9% |
| Operating Expenses | 626.6M | 599.8M | 601M | 2.05B | 650.7M | 628.7M | 622.8M | 607.4M | 584.1M | 624.4M | 600.5M | 580.2M | 541.4M | 537.6M | 495.1M | 504.09M | 452.1M | 448.5M | 253.9M | 171.38M |
| OpEx % of Revenue | 67.09% | 54.01% | 55.02% | 222.25% | 64.24% | 54.3% | 54.43% | 67.71% | 56.13% | 52.93% | 51.44% | 68.15% | 54.77% | 48.19% | 47.6% | 70.83% | 52.78% | 49.09% | 38.97% | 45.75% |
| Selling, General & Admin | 210.6M | 241.8M | 257.9M | 262.6M | 250.6M | 259.5M | 273M | 246M | 242.5M | 279.6M | 268.5M | 250.2M | 224.7M | 252.6M | 243.1M | 236.93M | 217.7M | 221.1M | 173.9M | 158.48M |
| SG&A % of Revenue | 22.55% | 21.77% | 23.61% | 28.41% | 24.74% | 22.41% | 23.86% | 27.42% | 23.3% | 23.7% | 23% | 29.39% | 22.73% | 22.64% | 23.37% | 33.29% | 25.42% | 24.2% | 26.69% | 42.3% |
| Research & Development | 20.1M | 19.8M | 21.3M | 19.9M | 22M | 27M | 23.2M | 34.2M | 22.6M | 22M | 22.8M | 21M | 19.2M | 18.7M | 17.5M | 19.23M | 15.8M | 20.3M | 12.7M | 12.9M |
| R&D % of Revenue | 2.15% | 1.78% | 1.95% | 2.15% | 2.17% | 2.33% | 2.03% | 3.81% | 2.17% | 1.86% | 1.95% | 2.47% | 1.94% | 1.68% | 1.68% | 2.7% | 1.84% | 2.22% | 1.95% | 3.44% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Operating Income | 28.3M | 105.8M | 66.5M | -1.46B | 33.7M | 103M | 66.9M | -32.6M | 73.8M | 116M | 80.5M | -34.7M | 68.2M | 129M | 94.3M | -54.66M | 76M | 107.3M | 76.1M | -32.26M |
| Operating Margin % | 3.03% | 9.53% | 6.09% | -158.03% | 3.33% | 8.9% | 5.85% | -3.63% | 7.09% | 9.83% | 6.9% | -4.08% | 6.9% | 11.56% | 9.07% | -7.68% | 8.87% | 11.74% | 11.68% | -8.61% |
| Operating Income Growth % | -16.02% | 2.72% | -0.6% | -4380.98% | -54.34% | -11.21% | -16.89% | 6.05% | 8.21% | -10.08% | -14.63% | 36.52% | -10.26% | 20.22% | 23.92% | -69.47% | 19.67% | 160.47% | 87.07% | -42.37% |
| EBITDA | 93.8M | 173.6M | 135.6M | -1.39B | 101.8M | 168.8M | 132.3M | 31.4M | 134.8M | 174.6M | 165.3M | 18.3M | 116.6M | 177.8M | 136.9M | -6.76M | 120.4M | 150.5M | 96.4M | -21.41M |
| EBITDA Margin % | 10.04% | 15.63% | 12.41% | -150.55% | 10.05% | 14.58% | 11.56% | 3.5% | 12.95% | 14.8% | 14.16% | 2.15% | 11.8% | 15.94% | 13.16% | -0.95% | 14.06% | 16.47% | 14.79% | -5.72% |
| EBITDA Growth % | -7.86% | 2.84% | 2.49% | -4532.17% | -24.48% | -3.32% | -19.96% | 71.58% | 15.61% | -1.8% | 20.75% | 370.71% | -3.16% | 18.14% | 42.01% | 68.43% | 63.1% | 189.54% | 94.05% | -62.53% |
| D&A (Non-Cash Add-back) | 65.5M | 67.8M | 69.1M | 69.1M | 68.1M | 65.8M | 65.4M | 64M | 61M | 58.6M | 84.8M | 53M | 48.4M | 48.8M | 42.6M | 47.9M | 44.4M | 43.2M | 20.3M | 10.84M |
| EBIT | 36.9M | 92.8M | 69.6M | -1.46B | 34.7M | 109.4M | 70.3M | -27.7M | 79M | 123.3M | 69.1M | -33.7M | 75.2M | 140.8M | 102.4M | -55.51M | 78.9M | 104.8M | 337.6M | -34.68M |
| Net Interest Income | -59.2M | -58.7M | -58M | -57.7M | -57.7M | -57M | -58.8M | -56.6M | -52.3M | -51.7M | -49.6M | -42.5M | -36.4M | -32.5M | -31.4M | -40.5M | -28.7M | -28.9M | -17.4M | -12.93M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 77K | 188K | 54K | 96K |
| Interest Expense | 59.2M | 58.7M | 58M | 57.7M | 57.7M | 57M | 58.8M | 56.6M | 52.3M | 51.7M | 49.6M | 42.5M | 36.4M | 32.5M | 31.4M | 40.5M | 28.81M | 29.06M | 17.51M | 13.02M |
| Other Income/Expense | -50.6M | -71.7M | -54.9M | -53.3M | -56.7M | -50.6M | -55.4M | -51.7M | -47.1M | -44.4M | -59.7M | -41.5M | -29.4M | -20.7M | -23.3M | -41.03M | -25.8M | -31.4M | 244.1M | -15.45M |
| Pretax Income | -22.3M | 34.1M | 11.6M | -1.51B | -23M | 52.4M | 11.5M | -84.3M | 26.7M | 71.6M | 20.8M | -76.2M | 38.8M | 108.3M | 71M | -95.69M | 50.2M | 75.9M | 320.2M | -47.7M |
| Pretax Margin % | -2.39% | 3.07% | 1.06% | -163.79% | -2.27% | 4.53% | 1.01% | -9.4% | 2.57% | 6.07% | 1.78% | -8.95% | 3.93% | 9.71% | 6.83% | -13.44% | 5.86% | 8.31% | 49.14% | -12.73% |
| Income Tax | -7.6M | 13.8M | 9.5M | -1.4M | -19.4M | -9.7M | 5M | -7.2M | -3M | -45.8M | -4.2M | -3.5M | 300K | 2.9M | -15.7M | -69.47M | 66.2M | -15.8M | 47.7M | -7.12M |
| Effective Tax Rate % | 34.08% | 40.47% | 81.9% | 0.09% | 84.35% | -18.51% | 43.48% | 8.54% | -11.24% | -63.97% | -20.19% | 4.59% | 0.77% | 2.68% | -22.11% | 72.59% | 131.87% | -20.82% | 14.9% | 14.94% |
| Net Income | -14.7M | 20.3M | 2.1M | -1.51B | -3.6M | 62.1M | 6.5M | -77.1M | 29.7M | 117.4M | 25M | -72.7M | 38.5M | 105.4M | 86.7M | -26.23M | -16M | 91.7M | 272.5M | -40.58M |
| Net Margin % | -1.57% | 1.83% | 0.19% | -163.64% | -0.36% | 5.36% | 0.57% | -8.59% | 2.85% | 9.95% | 2.14% | -8.54% | 3.89% | 9.45% | 8.33% | -3.68% | -1.87% | 10.04% | 41.82% | -10.83% |
| Net Income Growth % | -308.33% | -67.31% | -67.69% | -1862% | -112.12% | -47.1% | -74% | -6.05% | -22.86% | 11.39% | -71.16% | -177.21% | 340.63% | 14.94% | -68.18% | 35.37% | -130.52% | 154.69% | 843.1% | -38.87% |
| Net Income (Continuing) | -14.7M | 20.3M | 2.1M | -1.51B | -3.6M | 62.1M | 6.5M | -77.1M | 29.7M | 117.4M | 25M | -72.7M | 38.5M | 105.4M | 86.7M | -26.23M | -16M | 91.7M | 272.5M | -40.58M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.08 | 0.11 | 0.01 | -8.23 | -0.02 | 0.32 | 0.04 | -0.42 | 0.16 | 0.58 | 0.12 | -0.39 | 0.19 | 0.53 | 0.43 | -0.14 | -0.09 | 0.47 | 2.19 | -0.43 |
| EPS Growth % | -308.16% | -65.63% | -71.59% | -1859.52% | -112.25% | -44.83% | -70.67% | -7.69% | -15.79% | 9.43% | -72.09% | -178.57% | 320.93% | 12.77% | -80.37% | 67.44% | -115.93% | 126.4% | 630% | -38.71% |
| EPS (Basic) | -0.08 | 0.11 | 0.01 | -8.23 | -0.02 | 0.35 | 0.04 | -0.42 | 0.16 | 0.63 | 0.14 | -0.39 | 0.20 | 0.53 | 0.44 | -0.14 | -0.09 | 0.50 | 2.32 | -0.43 |
| Diluted Shares Outstanding | 183.9M | 185.1M | 183.5M | 183.7M | 183.8M | 199.6M | 184.4M | 184.4M | 201.2M | 201.3M | 201.5M | 184.9M | 201.8M | 200.6M | 200.8M | 185.97M | 186M | 194.3M | 124.6M | 94.19M |
| Basic Shares Outstanding | 183.9M | 183.8M | 183.4M | 183.7M | 183.8M | 183.5M | 183.7M | 184.4M | 185.2M | 185.2M | 185.2M | 184.9M | 193.75M | 197.6M | 197.16M | 185.97M | 185.96M | 185.2M | 117.5M | 94.19M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0% | - |