Topgolf Callaway Brands surged 79.4% in a year, driven by a $1.1 billion Topgolf stake sale and balance sheet transformation. MODG used $800 million in cash proceeds to eliminate net debt, now holding a $200 million net cash position and launching a $200 million buyback. MODG trades at a 0.92x EV/revenue multiple, a steep discount to Acushnet, supporting continued upside despite recent gains.
MODG strengthens its balance sheet in Q3 2025, boosting liquidity and cutting leverage as cash flow improves.
Topgolf Callaway's shares are up 45% in three months as a traffic rebound, steady equipment results, and raised guidance fuel confidence in a turnaround.
MODG sees Topgolf traffic jump on value pricing, lifting same-venue sales while margins hold, hinting the strategy may be more than a short-term fix.
Here is how Topgolf Callaway Brands (MODG) and Sphere Entertainment (SPHR) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Topgolf Callaway Brands is a compelling buy after Leonard Green & Partners' minority stake in Topgolf, valuing it at $1.1 billion. The deal establishes a clear floor value for Topgolf, injects $770 million in cash, and strengthens MODG's balance sheet by reducing debt. Leonard Green's involvement brings operational expertise and strategic flexibility, validating Topgolf's global growth potential and future profitability.
Topgolf Callaway Brands Corp. (MODG) Discusses Sale of Majority Stake in Topgolf and Strategic Refocus on Core Golf Brands Transcript
NWFL, KMT, MODG, TILE and UHS have been added to the Zacks Rank #1 (Strong Buy) List on Nov. 28, 2025.
Topgolf Callaway (MODG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Topgolf Callaway (MODG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Topgolf Callaway Brands Corp. ( MODG ) M&A Call November 18, 2025 8:30 AM EST Company Participants Katina Metzidakis - Vice President of Investor Relations & Corporate Communications Oliver Brewer - President, CEO & Director Brian Lynch - Executive VP, Chief Legal Officer & CFO Conference Call Participants Simeon Gutman - Morgan Stanley, Research Division Anna Glaessgen - B. Riley Securities, Inc., Research Division Joseph Altobello - Raymond James & Associates, Inc., Research Division Noah Zatzkin - KeyBanc Capital Markets Inc., Research Division George Kelly - ROTH Capital Partners, LLC, Research Division Casey Alexander - Compass Point Research & Trading, LLC, Research Division Arpine Kocharyan - UBS Investment Bank, Research Division Presentation Operator Good day, and welcome to the Topgolf Callaway Brands Company Update.