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. See Topgolf Callaway Brands Corp. free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see Topgolf Callaway Brands Corp. cash flow conversion.
Annual Cash Flow Reinvestment Rate for Topgolf Callaway Brands Corp. (1991–2024)
Year-by-year capital reinvestment analysis for Topgolf Callaway Brands Corp.. See Topgolf Callaway Brands Corp. (MODG) financial flexibility to measure the company's free cash flow as a share of total liabilities.
| 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 | — |