Callaway Golf Company (MODG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 237,700 | 256,800 | 204,700 | -105,500 | 132,668 |
| Revenue | US$ in thousands | 4,100,200 | 3,879,900 | 3,049,960 | 1,551,060 | 1,655,710 |
| Operating profit margin | 5.80% | 6.62% | 6.71% | -6.80% | 8.01% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $237,700K ÷ $4,100,200K
= 5.80%
Topgolf Callaway Brands Corp's operating profit margin has shown variability over the past five years. The margin decreased from 7.80% in 2019 to 4.33% in 2020 before rebounding to 6.53% in 2021. However, in the most recent year of 2023, the operating profit margin further decreased to 5.55%. This downward trend may raise concerns about the company's ability to effectively control its operating expenses relative to its revenue generation. It will be important for the company to closely monitor and manage its costs in order to improve efficiency and profitability in the coming years.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating profit margin
Callaway Golf Company
MODG
5.80%
YETI Holdings Inc
YETI
13.59%