Callaway Golf Company (MODG)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -1,473,200 | -43,400 | 6,300 | 25,500 | 34,800 | 42,900 | 55,000 | 91,700 | 141,900 | 122,374 | 133,774 | 101,374 | 350,574 | 398,544 | 406,136 | 154,621 | -127,534 | -111,348 | -135,964 | 75,790 |
| Revenue (ttm) | US$ in thousands | 4,200,300 | 4,152,800 | 4,099,400 | 4,064,800 | 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 |
| Pretax margin | -35.07% | -1.05% | 0.15% | 0.63% | 0.85% | 1.05% | 1.36% | 2.30% | 3.66% | 3.26% | 3.67% | 2.93% | 11.39% | 14.53% | 17.08% | 8.73% | -8.16% | -7.42% | -9.48% | 4.78% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-1,473,200K ÷ $4,200,300K
= -35.07%
The pretax margin of Callaway Golf Company has shown significant fluctuations over the reported periods.
In the first half of 2020 and into early 2021, the company experienced negative pretax margins, indicating that expenses were outpacing revenues before considering taxes. However, by March 31, 2021, the pretax margin experienced a notable increase to 8.73%, reflecting an improvement in profitability.
Throughout the remainder of 2021 and into 2022, the pretax margin remained relatively stable, hovering around 3% to 4%, suggesting a level of consistency in the company's ability to generate profits before taxes.
By the end of 2024, there was a significant drop in the pretax margin to negative territory, reaching as low as -35.07% by December 31, 2024. This sharp decline indicates that the company faced challenges that led to a substantial loss of profitability.
Overall, the pretax margin trend of Callaway Golf Company suggests a mix of periods with both positive and negative margins, indicating fluctuations in the company's profitability performance over the reported periods.
Peer comparison
Dec 31, 2024