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Callaway Golf vs Johnson Outdoors: CALY and JOUT compared
Callaway Golf is the larger company: $437M of revenue in its latest quarter (Q3 2026) against $190M for Johnson Outdoors (Q3 FY26). Johnson Outdoors is growing faster (+5% against -6% a year earlier). Callaway Golf is more profitable, with an operating margin of 10.2% against 9.7%.
Where the money goes: CALY and JOUT
Callaway Golf (CALY) · Q3 2026
Callaway Golf, Q3 2026: revenue $437M (-6% year over year), operating margin 10.2%, net earnings $45.7M, operating cash flow $192M. The chart follows the revenue to costs, profit and cash.
Johnson Outdoors (JOUT) · Q3 FY26
Johnson Outdoors, Q3 FY26: revenue $190M (+5% year over year), operating margin 9.7%, net earnings $14.9M, operating cash flow $77.7M. The chart follows the revenue to costs, profit and cash.
| Callaway Golf (CALY) | Johnson Outdoors (JOUT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $437M | $190M |
| Revenue growth, Y/Y | -6% | +5% |
| Gross margin | 51.9% | 45.3% |
| Operating margin | 10.2% | 9.7% |
| Net earnings | $45.7M | $14.9M |
| Net margin | 10.5% | 7.9% |
| Operating cash flow | $192M | $77.7M |
| Free cash flow | $181M | $71.8M |
| Market value | $3.1B | — |
| P/E | 23.2× | — |
| Analysts’ mean target | $20.40 | — |
Where the revenue comes from
Callaway Golf
- Golf Equipment: $282M (64%)
- Apparel, Gear and Other: $155M (36%)
Johnson Outdoors
- Fishing: $150M (79%)
- Diving: $23.3M (12%)
- Camping & Watercraft Recreation: $16.4M (9%)
Questions
Which is bigger, Callaway Golf or Johnson Outdoors?
Callaway Golf is the larger company: $437M of revenue in its latest quarter (Q3 2026) against $190M for Johnson Outdoors (Q3 FY26).
Is Callaway Golf or Johnson Outdoors growing faster?
Johnson Outdoors is growing faster (+5% against -6% a year earlier).
Which is more profitable, Callaway Golf or Johnson Outdoors?
Callaway Golf is more profitable, with an operating margin of 10.2% against 9.7%.
More: Callaway Golf earnings · how Callaway Golf makes money · Johnson Outdoors earnings · how Johnson Outdoors makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 7, 2026). Fiscal quarters can end on different dates. Not investment advice.