Callaway Golf Co (FRA:CLY) EBIT: €166 Mil (TTM As of Mar. 2026)


FRA:CLY Callaway Golf Co FRA:CLY
72 GF Score
Price €16.23
GF Value €10.20
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Callaway Golf Co EBIT?

Callaway Golf Co FRA:CLY +1.72% 72 EBIT is €166 Mil as of Mar. 2026. GuruFocus rates FRA:CLY with a GF Score™ of 72/100 and a GF Value™ of €10.20 (Significantly Overvalued). The stock has 11 warning signs investors should review.

Callaway Golf Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €98 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €166 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Callaway Golf Co's annualized ROC % for the quarter that ended in Mar. 2026 was 9.15%. Callaway Golf Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 32.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Callaway Golf Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.40%.


Callaway Golf Co  (FRA:CLY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Callaway Golf Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=478.172 * ( 1 - 30.39% )/( (5197.956 + 2074.357)/ 2 )
=332.8555292/3636.1565
=9.15 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6222.244 - 252.955 - ( 771.333 - max(0, 3729.845 - 5069.002+771.333))
=5197.956

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2751.132 - 244.708 - ( 432.067 - max(0, 617.264 - 1405.884+432.067))
=2074.357

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Callaway Golf Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=392.364/( ( (284.382 + max(1246.071, 0)) + (277.405 + max(612.593, 0)) )/ 2 )
=392.364/( ( 1530.453 + 889.998 )/ 2 )
=392.364/1210.2255
=32.42 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(105.213 + 534.006 + 3625.4) - (252.955 + 18.361 + 2747.232)
=1246.071

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(340.637 + 515.886 + 78.283) - (244.708 + 13.407 + 64.098)
=612.593

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Callaway Golf Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=166.349/3080.538
=5.40 %

* 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.


Callaway Golf Co EBIT Related Terms


Callaway Golf Co EBIT Historical Data

* Premium members only.

The historical data trend for Callaway Golf Co's EBIT 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.

Callaway Golf Co EBIT Chart

Callaway Golf Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 412.59 268.76 183.58 166.65 126.56

Callaway Golf Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 97.59 80.46 31.44 -43.64 98.09

FRA:CLY vs PTON, OSW, FUN: EBIT Comparison

For the Leisure subindustry, Callaway Golf Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Callaway Golf Co EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Callaway Golf Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Callaway Golf Co's EV-to-EBIT falls into.


FRA:CLY
72GF Score
Callaway Golf Co FRA:CLY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Callaway Golf Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €166 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €166 Mil mean?
Callaway Golf Co (FRA:CLY) has a EBIT of €166 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Callaway Golf Co.
Is Callaway Golf Co's EBIT too high?
Callaway Golf Co's current EBIT is €166 Mil. Overall, Callaway Golf Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Callaway Golf Co's EBIT compare to PTON and OSW?
Callaway Golf Co's EBIT of €166 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Travel & Leisure company?
A good EBIT depends on the Travel & Leisure industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Callaway Golf Co. Callaway Golf Co's current EBIT is €166 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Callaway Golf Co stock overvalued right now?
Based on GuruFocus' analysis, Callaway Golf Co (FRA:CLY) is currently considered Significantly Overvalued. The stock's GF Value™ is €10.20, compared to a current price of €16.23 — trading 59.1% above its estimated fair value. The current EBIT is €166 Mil. Callaway Golf Co's overall GF Score™ is 72/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Callaway Golf Co (FRA:CLY), the current EBIT is €166 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Callaway Golf Co (FRA:CLY) Overvalued in 2026?

Based on GuruFocus' analysis, Callaway Golf Co stock appears to be overvalued. The current stock price of €16.23 is trading 59.1% above its estimated GF Value™ of €10.20. GuruFocus considers Callaway Golf Co to be Significantly Overvalued.

Key valuation signals for FRA:CLY:

  • EBIT: €166 Mil
  • GF Value™: €10.20 vs. price of €16.23 (59.1% above fair value)
  • GF Score™: 72/100 with 11 warning signs

No single metric tells the full story. See the FRA:CLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Callaway Golf Co Business Description

Other Exchanges CALY:USACLY:Germany
Address 2180 Rutherford Road, Carlsbad, CA, USA, 92008
Callaway Golf Co is a golf equipment, gear and apparel company with a portfolio of world-wide brands, including Callaway Golf, Odyssey, TravisMathew, and OGIO. Callaway designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories-setting the standard for performance in the game of golf. The company has two operating and reportable business segments: Golf Equipment and Apparel, Gear and Other. Geographically, the company operates in United States, Europe, Asia, and Rest of World, of which it derives maximum revenue from United States.
72GF Score

Get the complete analysis for FRA:CLY

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€16.23
Price
€10.20
GF Value