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Callaway Golf vs Johnson Outdoors: revenue, profit, margins and growth compared

Callaway Golf brought in $2.1B of revenue in fiscal 2025, Johnson Outdoors $592.4M in fiscal 2025. Revenue changed by -0.8% at Callaway Golf and -0.1% at Johnson Outdoors on the year before, so Johnson Outdoors grew faster. Callaway Golf kept -19.9% of its revenue as net profit, Johnson Outdoors -5.8%. Free cash flow was $302.2M at Callaway Golf and $40.2M at Johnson Outdoors.

Side by side, latest fiscal year

CALYJOUT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (October 3, 2025)
Revenue$2.1B$592.4M
Revenue growth-0.8%-0.1%
Net income-$409.3M-$34.3M
Net margin-19.9%-5.8%
Free cash flow$302.2M$40.2M
Free cash flow margin14.7%6.8%
Earnings per share (diluted)-$2.20n/a
Cash$903.2M$176.4M
Debt$1.4B$0
Price to earningsn/an/a
Market value$2.6B$465.6M
Dividend yieldn/an/a
Rank by revenue in sector#350 of 778 · Consumer discretionary#544 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: $2.1BJOUT FY2018: $544.3MJOUT FY2019: $562.4MJOUT FY2020: $594.2MJOUT FY2021: $751.7MJOUT FY2022: $743.4MJOUT FY2023: $663.8MJOUT FY2024: $592.8MJOUT FY2025: $592.4MFY18FY19FY20FY21FY22FY23FY24FY25
CALY $2.1BJOUT $592.4M
Net income
CALY FY2018: $104.7MCALY FY2019: $79.4MCALY FY2020: -$126.9MCALY FY2021: $322MCALY FY2022: $157.9MCALY FY2023: $95MCALY FY2024: -$1.4BCALY FY2025: -$409.3MJOUT FY2018: $40.7MJOUT FY2019: $51.4MJOUT FY2020: $55.2MJOUT FY2021: $83.4MJOUT FY2022: $44.5MJOUT FY2023: $19.5MJOUT FY2024: -$26.5MJOUT FY2025: -$34.3MFY18FY19FY20FY21FY22FY23FY24FY25
CALY -$409.3MJOUT -$34.3M
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%JOUT FY2018: 7.5%JOUT FY2019: 9.1%JOUT FY2020: 9.3%JOUT FY2021: 11.1%JOUT FY2022: 6.0%JOUT FY2023: 2.9%JOUT FY2024: -4.5%JOUT FY2025: -5.8%FY18FY19FY20FY21FY22FY23FY24FY25
CALY -19.9%JOUT -5.8%
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%JOUT FY2019: +3.3%JOUT FY2020: +5.7%JOUT FY2021: +26.5%JOUT FY2022: -1.1%JOUT FY2023: -10.7%JOUT FY2024: -10.7%JOUT FY2025: -0.1%FY19FY20FY21FY22FY23FY24FY25
CALY -0.8%JOUT -0.1%
Free cash flow
CALY FY2018: $55.5MCALY FY2019: $31.8MCALY FY2020: $189MCALY FY2021: -$44MCALY FY2022: -$567.4MCALY FY2023: $314.7MCALY FY2024: $333.3MCALY FY2025: $302.2MJOUT FY2018: $44.2MJOUT FY2019: $29.1MJOUT FY2020: $45.9MJOUT FY2021: $36.9MJOUT FY2022: -$93.8MJOUT FY2023: $19MJOUT FY2024: $19MJOUT FY2025: $40.2MFY18FY19FY20FY21FY22FY23FY24FY25
CALY $302.2MJOUT $40.2M

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

Questions about Callaway Golf and Johnson Outdoors

Which is bigger by revenue, Callaway Golf or Johnson Outdoors?

Callaway Golf is bigger by revenue: $2.1B in fiscal 2025, against $592.4M for Johnson Outdoors in fiscal 2025.

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

Callaway Golf had a net margin of -19.9% in fiscal 2025; Johnson Outdoors had -5.8% in fiscal 2025.

Which grew revenue faster, Callaway Golf or Johnson Outdoors?

In their latest fiscal years revenue changed by -0.8% at Callaway Golf and -0.1% at Johnson Outdoors.

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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