Topgolf Callaway Brands Corp. (MODG) — Capital Reinvestment Ratio
Topgolf Callaway Brands Corp. (MODG) has a Capital Reinvestment Ratio of 0.29x as of September 2025, meaning it reinvests 0% of its operating cash flow ($228.40 Million) in capital expenditures ($66.30 Million). See MODG net asset quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Topgolf Callaway Brands Corp. Capital Reinvestment Ratio (1991–2024)
This chart tracks Topgolf Callaway Brands Corp.'s Capital Reinvestment Ratio across 31 annual periods. Check total reinvestment intensity of Topgolf Callaway Brands Corp. to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Topgolf Callaway Brands Corp. (1991–2024)
Year-by-year Capital Reinvestment Ratio for Topgolf Callaway Brands Corp. from 1991 to 2024. For live market cap and broader valuation context, see MODG company net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.77x | $382.00 Million | $295.40 Million | ▼ -41.5% |
| 2023 | 1.32x | $364.70 Million | $482.00 Million | ▲ +14.1% |
| 2021 | 1.16x | $278.26 Million | $322.27 Million | ▲ +573.3% |
| 2020 | 0.17x | $228.24 Million | $39.26 Million | ▼ -72.8% |
| 2019 | 0.63x | $86.55 Million | $54.70 Million | ▲ +58.4% |
| 2018 | 0.40x | $92.28 Million | $36.83 Million | ▲ +79.2% |
| 2017 | 0.22x | $117.70 Million | $26.20 Million | ▲ +7.1% |
| 2016 | 0.21x | $77.71 Million | $16.15 Million | ▼ -55.8% |
| 2015 | 0.47x | $30.58 Million | $14.37 Million | ▲ +61.2% |
| 2014 | 0.29x | $36.88 Million | $10.75 Million | ▼ -89.8% |
| 2011 | 2.87x | $10.10 Million | $28.93 Million | ▲ +24.2% |
| 2010 | 2.31x | $9.63 Million | $22.22 Million | ▲ +154.6% |
| 2009 | 0.91x | $42.87 Million | $38.84 Million | ▼ -26.1% |
| 2008 | 1.23x | $41.62 Million | $51.01 Million | ▲ +465.5% |
| 2007 | 0.22x | $151.98 Million | $32.93 Million | ▼ -88.5% |
| 2006 | 1.88x | $17.29 Million | $32.45 Million | ▲ +285.2% |
| 2005 | 0.49x | $70.30 Million | $34.26 Million | ▼ -84.0% |
| 2004 | 3.04x | $8.54 Million | $25.99 Million | ▲ +4528.0% |
| 2003 | 0.07x | $118.74 Million | $7.81 Million | ▼ -87.5% |
| 2002 | 0.53x | $139.21 Million | $73.50 Million | ▲ +49.9% |
| 2001 | 0.35x | $100.15 Million | $35.27 Million | ▲ +13.0% |
| 2000 | 0.31x | $91.06 Million | $28.39 Million | ▼ -11.5% |
| 1999 | 0.35x | $166.30 Million | $58.60 Million | ▼ -86.4% |
| 1998 | 2.59x | $30.40 Million | $78.60 Million | ▲ +530.2% |
| 1997 | 0.41x | $165.50 Million | $67.90 Million | ▼ -13.4% |
| 1996 | 0.47x | $74.70 Million | $35.40 Million | ▲ +53.3% |
| 1995 | 0.31x | $95.40 Million | $29.50 Million | ▼ -50.5% |
| 1994 | 0.62x | $41.80 Million | $26.10 Million | ▼ -1.4% |
| 1993 | 0.63x | $33.00 Million | $20.90 Million | ▼ -22.8% |
| 1992 | 0.82x | $13.90 Million | $11.40 Million | ▲ +173.4% |
| 1991 | 0.30x | $5.00 Million | $1.50 Million | — |