Callaway Golf Company (MODG)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 95,000 | 99,400 | 108,200 | 96,200 | 157,900 | 204,374 | 149,874 | 136,174 | 321,974 | 307,624 | 376,056 | 116,672 | -126,934 | -115,576 | -136,960 | 59,655 | 79,408 | 80,127 | 58,596 | 90,532 |
| Revenue (ttm) | US$ in thousands | 4,100,200 | 4,077,300 | 4,031,900 | 3,983,500 | 3,879,900 | 3,753,324 | 3,642,683 | 3,454,542 | 3,079,082 | 2,741,987 | 2,377,880 | 1,771,541 | 1,562,865 | 1,500,177 | 1,433,952 | 1,585,033 | 1,658,125 | 1,526,862 | 1,381,303 | 1,335,016 |
| Net profit margin | 2.32% | 2.44% | 2.68% | 2.41% | 4.07% | 5.45% | 4.11% | 3.94% | 10.46% | 11.22% | 15.81% | 6.59% | -8.12% | -7.70% | -9.55% | 3.76% | 4.79% | 5.25% | 4.24% | 6.78% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $95,000K ÷ $4,100,200K
= 2.32%
The net profit margin of Topgolf Callaway Brands Corp has exhibited a decreasing trend over the past eight quarters, with a notable decline from 3.95% in Q4 2022 to 2.22% in Q4 2023. This suggests that the company's profitability relative to its revenue has been diminishing. It is important to investigate the factors contributing to this decline, such as changes in costs, pricing strategies, or operating efficiency, in order to assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Callaway Golf Company
MODG
2.32%
YETI Holdings Inc
YETI
10.24%