Topgolf Callaway Brands Corp. (MODG) — Cash Flow Reinvestment Rate
Topgolf Callaway Brands Corp. (MODG) has a Cash Flow Reinvestment Rate of 0.58x as of September 2025, reinvesting $133.20 Million (capex $66.30 Million plus investments $-66.90 Million) from operating cash flow of $228.40 Million. Check Topgolf Callaway Brands Corp. (MODG) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Topgolf Callaway Brands Corp. Cash Flow Reinvestment Rate (1991–2024)
Historical reinvestment intensity for Topgolf Callaway Brands Corp. across 31 annual periods. Explore long-term investment intensity of Topgolf Callaway Brands Corp. to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Topgolf Callaway Brands Corp. (1991–2024)
Year-by-year capital reinvestment analysis for Topgolf Callaway Brands Corp.. For live market cap and broader valuation context, see Topgolf Callaway Brands Corp. stock valuation.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 1.55x | $592.70 Million | $382.00 Million | $295.40 Million | ▼ -47.8% |
| 2023 | 2.97x | $1.08 Billion | $364.70 Million | $482.00 Million | ▲ +148.1% |
| 2021 | 1.20x | $333.18 Million | $278.26 Million | $322.27 Million | ▲ +177.5% |
| 2020 | 0.43x | $98.47 Million | $228.24 Million | $39.26 Million | ▼ -48.6% |
| 2019 | 0.84x | $72.60 Million | $86.55 Million | $54.70 Million | ▲ +2.7% |
| 2018 | 0.82x | $75.35 Million | $92.28 Million | $36.83 Million | ▼ -62.6% |
| 2017 | 2.18x | $256.80 Million | $117.70 Million | $26.20 Million | ▲ +575.4% |
| 2016 | 0.32x | $25.11 Million | $77.71 Million | $16.15 Million | ▼ -43.5% |
| 2015 | 0.57x | $17.47 Million | $30.58 Million | $14.37 Million | ▼ -17.4% |
| 2014 | 0.69x | $25.52 Million | $36.88 Million | $10.75 Million | ▼ -75.8% |
| 2011 | 2.87x | $28.93 Million | $10.10 Million | $28.93 Million | ▲ +24.2% |
| 2010 | 2.31x | $22.22 Million | $9.63 Million | $22.22 Million | ▲ +154.6% |
| 2009 | 0.91x | $38.84 Million | $42.87 Million | $38.84 Million | ▼ -26.1% |
| 2008 | 1.23x | $51.01 Million | $41.62 Million | $51.01 Million | ▲ +465.5% |
| 2007 | 0.22x | $32.93 Million | $151.98 Million | $32.93 Million | ▼ -88.5% |
| 2006 | 1.88x | $32.45 Million | $17.29 Million | $32.45 Million | ▲ +285.2% |
| 2005 | 0.49x | $34.26 Million | $70.30 Million | $34.26 Million | ▼ -84.0% |
| 2004 | 3.04x | $25.99 Million | $8.54 Million | $25.99 Million | ▲ +4528.0% |
| 2003 | 0.07x | $7.81 Million | $118.74 Million | $7.81 Million | ▼ -87.5% |
| 2002 | 0.53x | $73.50 Million | $139.21 Million | $73.50 Million | ▲ +49.9% |
| 2001 | 0.35x | $35.27 Million | $100.15 Million | $35.27 Million | ▲ +13.0% |
| 2000 | 0.31x | $28.39 Million | $91.06 Million | $28.39 Million | ▼ -11.5% |
| 1999 | 0.35x | $58.60 Million | $166.30 Million | $58.60 Million | ▼ -86.4% |
| 1998 | 2.59x | $78.60 Million | $30.40 Million | $78.60 Million | ▲ +530.2% |
| 1997 | 0.41x | $67.90 Million | $165.50 Million | $67.90 Million | ▼ -13.4% |
| 1996 | 0.47x | $35.40 Million | $74.70 Million | $35.40 Million | ▲ +53.3% |
| 1995 | 0.31x | $29.50 Million | $95.40 Million | $29.50 Million | ▼ -50.5% |
| 1994 | 0.62x | $26.10 Million | $41.80 Million | $26.10 Million | ▼ -1.4% |
| 1993 | 0.63x | $20.90 Million | $33.00 Million | $20.90 Million | ▼ -22.8% |
| 1992 | 0.82x | $11.40 Million | $13.90 Million | $11.40 Million | ▲ +173.4% |
| 1991 | 0.30x | $1.50 Million | $5.00 Million | $1.50 Million | — |