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). Read Topgolf Callaway Brands Corp. (MODG) financial obligations for a breakdown of total debt and financial obligations.
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. Explore Topgolf Callaway Brands Corp. capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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.. For the full company profile including market capitalisation, see Topgolf Callaway Brands Corp. stock valuation.
| 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 | — |