Topgolf Callaway Brands Corp. (MODG) - Net Assets
Based on the latest financial reports, Topgolf Callaway Brands Corp. (MODG) has net assets worth $2.48 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.57 Billion) and total liabilities ($5.09 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MODG financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.48 Billion |
| % of Total Assets | 32.7% |
| Annual Growth Rate | 17.98% |
| 5-Year Change | 256.36% |
| 10-Year Change | 483.06% |
| Growth Volatility | 86.77 |
Topgolf Callaway Brands Corp. - Net Assets Trend (1990–2024)
This chart illustrates how Topgolf Callaway Brands Corp.'s net assets have evolved over time, based on quarterly financial data. Also explore Topgolf Callaway Brands Corp. balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Topgolf Callaway Brands Corp. (1990–2024)
The table below shows the annual net assets of Topgolf Callaway Brands Corp. from 1990 to 2024. For live valuation and market cap data, see MODG company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.41 Billion | -37.92% |
| 2023-12-31 | $3.88 Billion | +2.75% |
| 2022-12-31 | $3.77 Billion | +2.48% |
| 2021-12-31 | $3.68 Billion | +445.09% |
| 2020-12-31 | $675.64 Million | -11.95% |
| 2019-12-31 | $767.35 Million | +4.50% |
| 2018-12-31 | $734.31 Million | +11.36% |
| 2017-12-31 | $659.38 Million | +8.34% |
| 2016-12-31 | $608.60 Million | +47.38% |
| 2015-12-31 | $412.94 Million | +41.65% |
| 2014-12-31 | $291.53 Million | +2.43% |
| 2013-12-31 | $284.62 Million | -11.18% |
| 2012-12-31 | $320.45 Million | -37.51% |
| 2011-12-31 | $512.81 Million | -26.30% |
| 2010-12-31 | $695.85 Million | -1.98% |
| 2009-12-31 | $709.88 Million | +22.32% |
| 2008-12-31 | $580.37 Million | +1.78% |
| 2007-12-31 | $570.21 Million | -1.54% |
| 2006-12-31 | $579.10 Million | -2.84% |
| 2005-12-31 | $596.05 Million | +1.66% |
| 2004-12-31 | $586.32 Million | -0.52% |
| 2003-12-31 | $589.38 Million | +8.46% |
| 2002-12-31 | $543.39 Million | +5.65% |
| 2001-12-31 | $514.35 Million | +0.51% |
| 2000-12-31 | $511.74 Million | +2.37% |
| 1999-12-31 | $499.90 Million | +10.33% |
| 1998-12-31 | $453.10 Million | -5.88% |
| 1997-12-31 | $481.40 Million | +32.87% |
| 1996-12-31 | $362.30 Million | +61.09% |
| 1995-12-31 | $224.90 Million | +20.65% |
| 1994-12-31 | $186.40 Million | +59.86% |
| 1993-12-31 | $116.60 Million | +134.14% |
| 1992-12-31 | $49.80 Million | +227.63% |
| 1991-12-31 | $15.20 Million | +74.71% |
| 1990-12-31 | $8.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Topgolf Callaway Brands Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 49720000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.90 Million | 0.08% |
| Other Comprehensive Income | $-76.00 Million | -3.16% |
| Other Components | $2.98 Billion | 123.85% |
| Total Equity | $2.41 Billion | 100.00% |
Topgolf Callaway Brands Corp. Competitors by Market Cap
The table below lists competitors of Topgolf Callaway Brands Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen hongfuhan Technology Co. Ltd.
SHE:301086
|
$2.70 Billion |
|
Shantui Construction Machinery Co Ltd
SHE:000680
|
$2.70 Billion |
|
Angang Steel Co Ltd Class A
SHE:000898
|
$2.70 Billion |
|
Hybio Pharmaceutical
SHE:300199
|
$2.70 Billion |
|
Endeavour Silver Corp.
TO:EDR
|
$2.70 Billion |
|
Pengxin International Mining Co Ltd
SHG:600490
|
$2.70 Billion |
|
Perpetua Resources Corp
NASDAQ:PPTA
|
$2.70 Billion |
|
Geo-Jade Petroleum Corp
SHG:600759
|
$2.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Topgolf Callaway Brands Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,878,200,000 to 2,407,700,000, a change of -1,470,500,000 (-37.9%).
- Net loss of 1,447,700,000 reduced equity.
- Share repurchases of 31,400,000 reduced equity.
- Other comprehensive income decreased equity by 28,500,000.
- Other factors increased equity by 37,100,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.45 Billion | -60.13% |
| Share Repurchases | $31.40 Million | -1.3% |
| Other Comprehensive Income | $-28.50 Million | -1.18% |
| Other Changes | $37.10 Million | +1.54% |
| Total Change | $- | -37.92% |
Book Value vs Market Value Analysis
This analysis compares Topgolf Callaway Brands Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 607.86x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-12-31 | $0.02 | $14.69 | x |
| 1991-12-31 | $0.27 | $14.69 | x |
| 1992-12-31 | $0.88 | $14.69 | x |
| 1993-12-31 | $1.73 | $14.69 | x |
| 1994-12-31 | $2.74 | $14.69 | x |
| 1995-12-31 | $3.22 | $14.69 | x |
| 1996-12-31 | $5.12 | $14.69 | x |
| 1997-12-31 | $6.71 | $14.69 | x |
| 1998-12-31 | $6.52 | $14.69 | x |
| 1999-12-31 | $7.05 | $14.69 | x |
| 2000-12-31 | $7.14 | $14.69 | x |
| 2001-12-31 | $7.21 | $14.69 | x |
| 2002-12-31 | $8.08 | $14.69 | x |
| 2003-12-31 | $8.87 | $14.69 | x |
| 2004-12-31 | $8.66 | $14.69 | x |
| 2005-12-31 | $8.61 | $14.69 | x |
| 2006-12-31 | $8.42 | $14.69 | x |
| 2007-12-31 | $8.42 | $14.69 | x |
| 2008-12-31 | $9.06 | $14.69 | x |
| 2009-12-31 | $11.20 | $14.69 | x |
| 2010-12-31 | $10.89 | $14.69 | x |
| 2011-12-31 | $7.94 | $14.69 | x |
| 2012-12-31 | $4.78 | $14.69 | x |
| 2013-12-31 | $3.91 | $14.69 | x |
| 2014-12-31 | $3.72 | $14.69 | x |
| 2015-12-31 | $4.88 | $14.69 | x |
| 2016-12-31 | $6.25 | $14.69 | x |
| 2017-12-31 | $6.73 | $14.69 | x |
| 2018-12-31 | $7.46 | $14.69 | x |
| 2019-12-31 | $7.97 | $14.69 | x |
| 2020-12-31 | $7.17 | $14.69 | x |
| 2021-12-31 | $20.82 | $14.69 | x |
| 2022-12-31 | $18.75 | $14.69 | x |
| 2023-12-31 | $19.28 | $14.69 | x |
| 2024-12-31 | $13.11 | $14.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Topgolf Callaway Brands Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -60.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -34.15%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 3.17x
- Recent ROE (-60.13%) is below the historical average (8.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 20.69% | 8.37% | 1.46x | 1.69x | $930.00K |
| 1991 | 42.11% | 11.68% | 1.90x | 1.89x | $4.88 Million |
| 1992 | 38.76% | 14.61% | 1.92x | 1.38x | $14.32 Million |
| 1993 | 36.79% | 16.85% | 1.76x | 1.24x | $31.24 Million |
| 1994 | 41.85% | 17.38% | 1.84x | 1.31x | $59.36 Million |
| 1995 | 43.44% | 17.66% | 1.91x | 1.29x | $75.21 Million |
| 1996 | 33.76% | 18.03% | 1.58x | 1.18x | $86.07 Million |
| 1997 | 27.57% | 15.74% | 1.50x | 1.17x | $84.56 Million |
| 1998 | -5.87% | -3.81% | 1.06x | 1.45x | $-71.91 Million |
| 1999 | 11.06% | 7.74% | 1.16x | 1.23x | $5.31 Million |
| 2000 | 15.83% | 9.67% | 1.33x | 1.23x | $29.82 Million |
| 2001 | 11.35% | 7.15% | 1.26x | 1.26x | $6.94 Million |
| 2002 | 12.78% | 8.77% | 1.17x | 1.25x | $15.11 Million |
| 2003 | 7.72% | 5.59% | 1.09x | 1.27x | $-13.42 Million |
| 2004 | -1.72% | -1.08% | 1.27x | 1.25x | $-68.73 Million |
| 2005 | 2.23% | 1.33% | 1.31x | 1.28x | $-46.32 Million |
| 2006 | 4.04% | 2.29% | 1.20x | 1.47x | $-34.42 Million |
| 2007 | 9.61% | 4.85% | 1.31x | 1.51x | $-2.24 Million |
| 2008 | 11.45% | 5.92% | 1.27x | 1.52x | $8.36 Million |
| 2009 | -2.16% | -1.60% | 1.09x | 1.24x | $-85.99 Million |
| 2010 | -2.70% | -1.94% | 1.09x | 1.27x | $-88.39 Million |
| 2011 | -33.51% | -19.38% | 1.22x | 1.42x | $-223.10 Million |
| 2012 | -38.76% | -14.93% | 1.31x | 1.99x | $-156.25 Million |
| 2013 | -6.65% | -2.25% | 1.27x | 2.33x | $-47.38 Million |
| 2014 | 5.49% | 1.80% | 1.42x | 2.14x | $-13.15 Million |
| 2015 | 3.53% | 1.73% | 1.34x | 1.53x | $-26.73 Million |
| 2016 | 31.71% | 21.80% | 1.09x | 1.34x | $130.01 Million |
| 2017 | 6.28% | 3.89% | 1.06x | 1.53x | $-24.16 Million |
| 2018 | 14.46% | 8.43% | 1.18x | 1.45x | $32.28 Million |
| 2019 | 10.35% | 4.67% | 0.87x | 2.55x | $2.67 Million |
| 2020 | -18.78% | -7.98% | 0.80x | 2.93x | $-194.46 Million |
| 2021 | 8.74% | 10.28% | 0.40x | 2.10x | $-46.29 Million |
| 2022 | 4.18% | 3.95% | 0.47x | 2.28x | $-219.53 Million |
| 2023 | 2.45% | 2.22% | 0.47x | 2.35x | $-292.82 Million |
| 2024 | -60.13% | -34.15% | 0.56x | 3.17x | $-1.69 Billion |
Industry Comparison
This section compares Topgolf Callaway Brands Corp.'s net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $153,642,960
- Average return on equity (ROE) among peers: 12.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topgolf Callaway Brands Corp. (MODG) | $2.48 Billion | 20.69% | 2.06x | $2.70 Billion |
| Aureus Greenway Holdings Inc. Common Stock (AGH) | $860.51K | 37.56% | 4.25x | $66.64 Million |
| American Outdoor Brands Inc (AOUT) | $279.90 Million | 6.58% | 0.22x | $116.57 Million |
| Amer Sports, Inc. (AS) | $-152.90 Million | 0.00% | 0.00x | $19.42 Billion |
| Callaway Golf Company (CALY) | $709.88 Million | -2.15% | 0.23x | $2.67 Billion |
| Clarus Corp (CLAR) | $86.38 Million | -2.78% | 0.01x | $112.90 Million |
| Dogness International Corp Class A (DOGZ) | $97.75 Million | -5.22% | 0.20x | $6.23 Million |
| Escalade Incorporated (ESCA) | $126.17 Million | 5.75% | 0.18x | $242.81 Million |
| Funko Inc (FNKO) | $322.44 Million | 1.23% | 1.37x | $235.39 Million |
| Six Flags Entertainment Corporation (FUN) | $41.00 Million | 55.12% | 2.30x | $1.61 Billion |
| Golden Heaven Group Holdings Ltd. Ordinary Shares (GDHG) | $24.93 Million | 30.35% | 1.54x | $30.94 Million |
About Topgolf Callaway Brands Corp.
Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. It operates in three business segments: Topgolf, Golf Equipment, and Active Lifestyle. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event space… Read more