Aug. 21 at 10:13 AM
$CALY — HOLD 🟡
Valuation is not cheap at 18.1x forward P/E and 11.0x EV/EBITDA, while the stock has already run 68.2% over the last 52 weeks.
Revenue was
$612.2M in Q2 2026, up 2.0%, after
$687.5M in Q1 2026 and
$600.4M in Q2 2025, so growth is positive but not accelerating hard.
Profitability is still mixed with 44.8% gross margin, 19.0% operating margin, and -12.4% net margin TTM, even though EBITDA was
$124.7M in Q2 2026.
The balance sheet looks manageable with
$278.1M cash,
$273.4M debt, and a 3.0x current ratio, and free cash flow was
$101M TTM on
$372.8M operating cash flow.
Full research: https://lf0.com/research/callaway-golf-stock-analysis-caly/?utm_source=stocktwits&utm_medium=social&utm_campaign=research_distribution
