Callaway Golf Company (MODG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 95,000 | 157,900 | 322,000 | -126,900 | 79,408 |
| Revenue | US$ in thousands | 4,100,200 | 3,879,900 | 3,049,960 | 1,551,060 | 1,655,710 |
| Net profit margin | 2.32% | 4.07% | 10.56% | -8.18% | 4.80% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $95,000K ÷ $4,100,200K
= 2.32%
Topgolf Callaway Brands Corp's net profit margin has shown variability over the past five years. In 2023, the net profit margin stood at 2.22%, which indicates that for every dollar of revenue generated, the company retained $0.022 as profit after covering all expenses.
Comparing this to the prior year, there was a decrease from 3.95% in 2022 to 2.22% in 2023. This decline suggests a potential decrease in profitability efficiency or an increase in expenses relative to revenue.
The net profit margin was notably higher in 2021 at 10.28%. This indicates that in 2021, the company was able to retain 10.28 cents in profit for every dollar of revenue generated, reflecting strong profitability.
Conversely, in 2020, a negative net profit margin of -7.99% was recorded, indicating that the company incurred more expenses than the revenue it generated, resulting in a loss.
In 2019, the net profit margin was positive at 4.67%, reflecting a reasonable level of profitability.
Overall, the trend in net profit margin for Topgolf Callaway Brands Corp has been somewhat volatile, with significant fluctuations in profitability levels over the past five years. It would be essential for the company to closely monitor its expenses and revenue generation strategies to ensure consistent and sustainable profitability in the future.
Peer comparison
Dec 31, 2023