Topgolf Callaway Brands Corp. (MODG) — Free Cash Flow Generation Index
Topgolf Callaway Brands Corp. (MODG) has a Free Cash Flow Generation Index of 0.71x as of September 2025. Free cash flow of $162.10 Million represents 1% of operating cash flow ($228.40 Million). Explore capital reinvestment ratio of Topgolf Callaway Brands Corp. to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Topgolf Callaway Brands Corp. Free Cash Flow Generation Index (1991–2024)
Historical FCF Generation Index trend for Topgolf Callaway Brands Corp. across 31 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Topgolf Callaway Brands Corp..
Annual Free Cash Flow Generation for Topgolf Callaway Brands Corp. (1991–2024)
Year-by-year Free Cash Flow Generation Index for Topgolf Callaway Brands Corp.. Check MODG capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.23x | $86.60 Million | $382.00 Million | $295.40 Million | ▲ +170.5% |
| 2023 | -0.32x | $-117.30 Million | $364.70 Million | $482.00 Million | ▼ -103.3% |
| 2021 | -0.16x | $-44.02 Million | $278.26 Million | $322.27 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 | ▼ -25.2% |
| 2014 | 0.71x | $26.13 Million | $36.88 Million | $10.75 Million | ▲ +138.0% |
| 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 | ▲ +141.7% |
| 2008 | -0.23x | $-9.38 Million | $41.62 Million | $51.01 Million | ▼ -128.8% |
| 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 | ▲ +125.1% |
| 2004 | -2.04x | $-17.45 Million | $8.54 Million | $25.99 Million | ▼ -318.8% |
| 2003 | 0.93x | $110.93 Million | $118.74 Million | $7.81 Million | ▲ +97.9% |
| 2002 | 0.47x | $65.71 Million | $139.21 Million | $73.50 Million | ▼ -27.1% |
| 2001 | 0.65x | $64.88 Million | $100.15 Million | $35.27 Million | ▼ -5.9% |
| 2000 | 0.69x | $62.68 Million | $91.06 Million | $28.39 Million | ▲ +6.3% |
| 1999 | 0.65x | $107.70 Million | $166.30 Million | $58.60 Million | ▲ +140.8% |
| 1998 | -1.59x | $-48.20 Million | $30.40 Million | $78.60 Million | ▼ -368.9% |
| 1997 | 0.59x | $97.60 Million | $165.50 Million | $67.90 Million | ▲ +12.1% |
| 1996 | 0.53x | $39.30 Million | $74.70 Million | $35.40 Million | ▼ -23.8% |
| 1995 | 0.69x | $65.90 Million | $95.40 Million | $29.50 Million | ▲ +83.9% |
| 1994 | 0.38x | $15.70 Million | $41.80 Million | $26.10 Million | ▲ +2.4% |
| 1993 | 0.37x | $12.10 Million | $33.00 Million | $20.90 Million | ▲ +103.9% |
| 1992 | 0.18x | $2.50 Million | $13.90 Million | $11.40 Million | ▼ -74.3% |
| 1991 | 0.70x | $3.50 Million | $5.00 Million | $1.50 Million | — |