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Callaway Golf vs Clarus: revenue, profit, margins and growth compared

Callaway Golf brought in $2.1B of revenue in fiscal 2025, Clarus $250.4M in fiscal 2025. Revenue changed by -0.8% at Callaway Golf and -5.2% at Clarus on the year before, so Callaway Golf grew faster. Callaway Golf kept -19.9% of its revenue as net profit, Clarus -18.6%. Free cash flow was $302.2M at Callaway Golf and -$9.9M at Clarus.

Side by side, latest fiscal year

CALYCLAR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.1B$250.4M
Revenue growth-0.8%-5.2%
Net income-$409.3M-$46.6M
Net margin-19.9%-18.6%
Free cash flow$302.2M-$9.9M
Free cash flow margin14.7%-4.0%
Earnings per share (diluted)-$2.20-$1.21
Cash$903.2M$36.7M
Debt$1.4B$0
Price to earningsn/an/a
Market value$2.6B$137.1M
Dividend yieldn/a2.79%
Rank by revenue in sector#350 of 778 · Consumer discretionary#633 of 778 · Consumer discretionary

Over the years

Revenue
CALY FY2018: $1.2BCALY FY2019: $1.7BCALY FY2020: $1.6BCALY FY2021: $3.1BCALY FY2022: $4BCALY FY2023: $2.1BCALY FY2024: $2.1BCALY FY2025: $2.1BCLAR FY2018: $212.1MCLAR FY2019: $229.4MCLAR FY2020: $224MCLAR FY2021: $266MCLAR FY2022: $315.3MCLAR FY2023: $286MCLAR FY2024: $264.3MCLAR FY2025: $250.4MFY18FY19FY20FY21FY22FY23FY24FY25
CALY $2.1BCLAR $250.4M
Net income
CALY FY2018: $104.7MCALY FY2019: $79.4MCALY FY2020: -$126.9MCALY FY2021: $322MCALY FY2022: $157.9MCALY FY2023: $95MCALY FY2024: -$1.4BCALY FY2025: -$409.3MCLAR FY2018: $7.3MCLAR FY2019: $19MCLAR FY2020: $5.5MCLAR FY2021: $26.1MCLAR FY2022: -$69.8MCLAR FY2023: -$10.1MCLAR FY2024: -$52.3MCLAR FY2025: -$46.6MFY18FY19FY20FY21FY22FY23FY24FY25
CALY -$409.3MCLAR -$46.6M
Net margin
CALY FY2018: 8.4%CALY FY2019: 4.7%CALY FY2020: -8.0%CALY FY2021: 10.3%CALY FY2022: 4.0%CALY FY2023: 4.5%CALY FY2024: -69.7%CALY FY2025: -19.9%CLAR FY2018: 3.4%CLAR FY2019: 8.3%CLAR FY2020: 2.5%CLAR FY2021: 9.8%CLAR FY2022: -22.1%CLAR FY2023: -3.5%CLAR FY2024: -19.8%CLAR FY2025: -18.6%FY18FY19FY20FY21FY22FY23FY24FY25
CALY -19.9%CLAR -18.6%
Revenue growth
CALY FY2019: +36.9%CALY FY2020: -6.6%CALY FY2021: +97.1%CALY FY2022: +27.5%CALY FY2023: -46.6%CALY FY2024: -2.6%CALY FY2025: -0.8%CLAR FY2019: +8.2%CLAR FY2020: -2.4%CLAR FY2021: +18.7%CLAR FY2022: +18.5%CLAR FY2023: -9.3%CLAR FY2024: -7.6%CLAR FY2025: -5.2%FY19FY20FY21FY22FY23FY24FY25
CALY -0.8%CLAR -5.2%
Free cash flow
CALY FY2018: $55.5MCALY FY2019: $31.8MCALY FY2020: $189MCALY FY2021: -$44MCALY FY2022: -$567.4MCALY FY2023: $314.7MCALY FY2024: $333.3MCALY FY2025: $302.2MCLAR FY2018: $8MCLAR FY2019: $5.4MCLAR FY2020: $24MCLAR FY2021: -$17.7MCLAR FY2022: $6.4MCLAR FY2023: $26.2MCLAR FY2024: -$14MCLAR FY2025: -$9.9MFY18FY19FY20FY21FY22FY23FY24FY25
CALY $302.2MCLAR -$9.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Callaway Golf and Clarus

Which is bigger by revenue, Callaway Golf or Clarus?

Callaway Golf is bigger by revenue: $2.1B in fiscal 2025, against $250.4M for Clarus in fiscal 2025.

Which keeps more of its revenue as profit, Callaway Golf or Clarus?

Callaway Golf had a net margin of -19.9% in fiscal 2025; Clarus had -18.6% in fiscal 2025.

Which grew revenue faster, Callaway Golf or Clarus?

In their latest fiscal years revenue changed by -0.8% at Callaway Golf and -5.2% at Clarus.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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