Filing Flows › Callaway Golf (CALY) › How it makes money
How Callaway Golf (CALY) makes money
Callaway Golf (CALY) made $437M of revenue in the third quarter 2026 (Q3 2026), -6% from a year earlier. Golf Equipment brought in $282M (64%); Apparel, Gear and Other brought in $155M (36%). Of every dollar of revenue, 52¢ was left as gross profit, 10¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Golf Equipment | $282M | 64.4% | -35% | -8% |
| Apparel, Gear and Other | $155M | 35.6% | -15% | -1% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $437M | 100.0% |
| Cost of revenue | $210M | 48.1% |
| Gross profit | $227M | 51.9% |
| Operating expenses | $182M | 41.7% |
| Operating profit | $44.7M | 10.2% |
| Net earnings | $45.7M | 10.5% |
| Operating cash flow | $192M | 43.9% |
| Free cash flow | $181M | 41.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $437M | -6% |
| Q2 2026 | $612M | +2% |
| Q1 2026 | $688M | +9% |
| Q4 2025 | $368M | -1% |
| Q3 2025 | $934M | -8% |
| Q2 2025 | $1.1B | -4% |
| Q1 2025 | $1.1B | -4% |
From Callaway Golf's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Callaway Golf make money?
Callaway Golf (CALY) made $437M of revenue in the third quarter 2026 (Q3 2026), -6% from a year earlier. Golf Equipment brought in $282M (64%); Apparel, Gear and Other brought in $155M (36%). Of every dollar of revenue, 52¢ was left as gross profit, 10¢ was left as operating profit, 10¢ was left as net earnings.
What is Callaway Golf's biggest business?
Golf Equipment: $282M in the third quarter 2026, 64% of revenue, -8% from a year earlier.
What is Callaway Golf's profit margin?
Net earnings were $45.7M, 10.5% of revenue, in the third quarter 2026; the operating margin was 10.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.