Callaway Golf Company
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Callaway Golf Company (CALY). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Golf Equipment | – | – | $1.41B 35.2% | $1.39B 65.1% · -1.3% | $1.38B 66.5% · -0.4% | $1.38B 66.7% · -0.5% |
| Apparel, Gear and Other | – | – | – | $744.8M 34.9% | $695.0M 33.5% · -6.7% | $685.0M 33.3% · -1.4% |
| Topgolf | $0 0.0% | $1.09B 34.7% | – | – | – | – |
| Golf Equipment | $982.7M 61.8% | – | – | – | – | – |
| Active Lifestyle | $606.8M 38.2% | $816.6M 26.1% · +34.6% | – | – | – | – |
| Golf Equipment | – | $1.23B 39.2% | – | – | – | – |
| Topgolf | – | – | $1.55B 38.8% | – | – | – |
| Active Lifestyle | – | – | $1.04B 26.0% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $778.6M 49.0% | $2.07B 66.0% · +165.5% | $2.80B 70.0% · +35.4% | $1.40B 65.4% · -50.1% | $1.38B 66.5% · -1.0% | $1.36B 66.2% · -1.3% |
| Asia | $212.1M 13.3% | $465.5M 14.9% · +119.5% | $545.4M 13.6% · +17.2% | $436.6M 20.5% · -19.9% | $379.1M 18.2% · -13.2% | $363.1M 17.6% · -4.2% |
| Europe | $373.0M 23.5% | $499.5M 15.9% · +33.9% | $537.4M 13.4% · +7.6% | $173.4M 8.1% · -67.7% | $182.1M 8.8% · +5.0% | $203.8M 9.9% · +11.9% |
| Rest of World | – | – | – | $127.0M 6.0% | $135.4M 6.5% · +6.6% | $129.9M 6.3% · -4.1% |
| Rest of World | $225.8M 14.2% | $101.3M 3.2% · -55.1% | – | – | – | – |
| Rest of World | – | – | $114.9M 2.9% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Products | $1.59B 100.0% | $2.06B 65.7% · +29.5% | $2.47B 61.7% · +19.8% | $2.54B 59.3% · +3.0% | $2.45B 57.7% · -3.6% |
| Services | $0 0.0% | $1.07B 34.3% | $1.53B 38.3% · +42.4% | $1.74B 40.7% · +14.0% | $1.79B 42.3% · +2.7% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.