Callaway Golf Company (CALY) — Free Cash Flow Generation Index

Latest as of December 2025: 3.84x

Callaway Golf Company (CALY) has a Free Cash Flow Generation Index of 3.84x as of December 2025. Free cash flow of $241.70 Million represents 4% of operating cash flow ($62.90 Million). Read CALY current and long-term liabilities for a breakdown of total debt and financial obligations.

FCF Generation Index

3.84x
Free Cash Flow / Operating CF

Free Cash Flow

$241.70 Million
USD

Operating Cash Flow

$62.90 Million
USD

Capital Expenditures

$178.80 Million
USD

Callaway Golf Company Free Cash Flow Generation Index (2005–2025)

Historical FCF Generation Index trend for Callaway Golf Company across 18 annual periods. Explore CALY capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

Annual Free Cash Flow Generation for Callaway Golf Company (2005–2025)

Year-by-year Free Cash Flow Generation Index for Callaway Golf Company. For the full company profile including market capitalisation, see CALY company net worth.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2025 0.90x $301.40 Million $334.00 Million $32.60 Million ▲ +313.3%
2024 0.22x $83.40 Million $382.00 Million $298.60 Million ▲ +167.4%
2023 -0.32x $-118.10 Million $364.70 Million $482.80 Million ▼ -104.8%
2021 -0.16x $-44.00 Million $278.30 Million $322.30 Million ▼ -119.1%
2020 0.83x $188.98 Million $228.24 Million $39.26 Million ▲ +125.0%
2019 0.37x $31.85 Million $86.55 Million $54.70 Million ▼ -38.8%
2018 0.60x $55.46 Million $92.28 Million $36.83 Million ▼ -22.7%
2017 0.78x $91.50 Million $117.70 Million $26.20 Million ▼ -1.9%
2016 0.79x $61.56 Million $77.71 Million $16.15 Million ▲ +49.4%
2015 0.53x $16.21 Million $30.58 Million $14.37 Million ▼ -24.6%
2014 0.70x $25.52 Million $36.27 Million $10.75 Million ▲ +137.7%
2011 -1.87x $-18.83 Million $10.10 Million $28.93 Million ▼ -42.8%
2010 -1.31x $-12.58 Million $9.63 Million $22.22 Million ▼ -1491.2%
2009 0.09x $4.03 Million $42.87 Million $38.84 Million ▲ +142.1%
2008 -0.22x $-9.30 Million $41.70 Million $51.01 Million ▼ -128.5%
2007 0.78x $119.05 Million $151.98 Million $32.93 Million ▲ +189.3%
2006 -0.88x $-15.17 Million $17.29 Million $32.45 Million ▼ -271.1%
2005 0.51x $36.04 Million $70.30 Million $34.26 Million
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).