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MODG (Topgolf Callaway Brands) Degree of Operating Leverage : 348.87 (As of Mar. 2025)


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What is Topgolf Callaway Brands Degree of Operating Leverage?

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. Topgolf Callaway Brands's Degree of Operating Leverage for the quarter that ended in Mar. 2025 was 348.87. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for Topgolf Callaway Brands's Degree of Operating Leverage or its related term are showing as below:

MODG's Degree of Operating Leverage is ranked worse than
99.63% of 803 companies
in the Travel & Leisure industry
Industry Median: 1.18 vs MODG: 348.87

Topgolf Callaway Brands Degree of Operating Leverage Historical Data

The historical data trend for Topgolf Callaway Brands's Degree of Operating Leverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Topgolf Callaway Brands Degree of Operating Leverage Chart

Topgolf Callaway Brands Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Degree of Operating Leverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.40 -6.98 -1.41 -1.93 571.56

Topgolf Callaway Brands Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Degree of Operating Leverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.92 -1.42 34.36 571.56 348.87

Competitive Comparison of Topgolf Callaway Brands's Degree of Operating Leverage

For the Leisure subindustry, Topgolf Callaway Brands's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Topgolf Callaway Brands's Degree of Operating Leverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Topgolf Callaway Brands's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where Topgolf Callaway Brands's Degree of Operating Leverage falls into.


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Topgolf Callaway Brands Degree of Operating Leverage Calculation

Topgolf Callaway Brands's Degree of Operating Leverage for the quarter that ended in Mar. 2025 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( -1242.7 (Mar. 2025) / 244.9 (Mar. 2024) - 1 )/( 4187.4 (Mar. 2025) / 4261.6 (Mar. 2024) - 1 )
=-6.0743/-0.0174
=348.87***

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


Topgolf Callaway Brands  (NYSE:MODG) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


Topgolf Callaway Brands Degree of Operating Leverage Related Terms

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Topgolf Callaway Brands Business Description

Traded in Other Exchanges
Address
2180 Rutherford Road, Carlsbad, CA, USA, 92008
Topgolf Callaway Brands Corp is a modern golf and active lifestyle company that provides world-class golf entertainment experiences, designs and manufactures premium golf equipment, and sells golf and active lifestyle apparel and other accessories through brands such as, Topgolf, Callaway Golf, Odyssey, TravisMathew, Jack Wolfskin, OGIO and Toptracer. The company's reportable segments are; Topgolf, Golf Equipment and Active Lifestyle. Majority of the revenue is generated from its Topgolf segment which is predominantly comprised of service revenues and expenses from the company operated Topgolf venues, Toptracer ball-flight tracking technology, and WGT digital golf game. Geographically, majority of the revenue for the company is derived from United States.
Executives
Erik J Anderson director 1411 E MISSION AVE, SPOKANE WA 99202
Laura Jean Flanagan director 395 OYSTER POINT BLVD, SUITE 415, SOUTH SAN FRANCISCO CA 94080
Brewer Oliver G Iii officer: President and CEO 2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Jennifer L. Thomas officer: Chief Accounting Officer 2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Adebayo O. Ogunlesi director 2180 RUTHERFORD ROAD, CARLSBAD CA 92130
C. Matthew Turney director 2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Rebecca Fine officer: EVP, Chief People Officer 2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Brian P. Lynch officer: SVP, G.C. & Corp Secretary 2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Samuel H Armacost director 2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Varsha Rajendra Rao director 6155 EL CAMINO REAL, CARLSBAD CA 92009
Bavan Holloway director 8501 NORTH SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Pep Tg Investments Lp 10 percent owner C/O PROVIDENCE EQUITY PARTNERS L.L.C., 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903
Glenn F. Hickey officer: EVP, Callaway Golf 2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Artie Starrs officer: CEO, Topgolf 2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Westriver Management, Llc 10 percent owner 920 5TH AVENUE, SUITE 3450, SEATTLE WA 98104