CALY
Callaway Golf Company
CALY has the edge over GME overall, supported by stronger modeled upside and lower modeled downside.
GME
GameStop Corp.
GME offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
CALY Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| Strong | |
| Strong |
CALY's cash flow and balance sheet are currently strong, and its profitability is stable, but its revenue is weak.
GME Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Unavailable |
GME's profitability and cash flow are currently strong, and its revenue is stable. There isn't enough data to rate its balance sheet.
CALY PE Valuation
CALY has no meaningful PE right now: it lost money over the past year.
GME PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 17x | $25.62 | — |
| Cheap | 18x | $27.96 | +9.1% |
| Forward | 38x | $25.62 | — |
| Fair | 43x | $66.84 | +161% |
| Expensive | 252x | $388 | +1414% |
Historical ranges are pointers, not guarantees.
GME's PE is in its cheap range at 17x. Analysts expect earnings to fall, which would put today's price at 38x next year's earnings, in its fair range.
CALY Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Decline | |
| Strongly improving | |
| Limited | |
| Low |
CALY has the edge over GME on the outlook, with more favorable earnings and profitability expectations.
GME Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Strong decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect GME's earnings and revenue to decline, with profitability weakening.
CALY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.98 | — |
| Q3 2026 | -$1.15 | +$7.03 |
| Q2 2026 | -$1.48 | +$6.64 |
| Q1 2026 | -$1.77 | +$6.14 |
| Q4 2025 | -$2.23 | +$5.65 |
| Q3 2025 | -$8.18 | -$8.14 |
| Q2 2025 | -$8.12 | -5900% |
| Q1 2025 | -$7.91 | -2029% |
| Q4 2024 | -$7.88 | -1676% |
CALY is still losing money, but far less than before: $1.15 per share over the past year, against $8.18 at its worst in late 2025.
GME Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.67 | -56% |
| Q3 2026 | $1.54 | +93% |
| Q2 2026 | $1.34 | +153% |
| Q1 2026 | $0.77 | +133% |
| Q4 2025 | $0.89 | +394% |
| Q3 2025 | $0.80 | +515% |
| Q2 2025 | $0.53 | +563% |
| Q1 2025 | $0.33 | +1550% |
| Q4 2024 | $0.18 | +$0.21 |
GME has the edge over CALY on earnings quality, reporting a profit while its opponent remains loss making.
CALY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $436.9M | -53% |
| Q2 2026 | $612.2M | -45% |
| Q1 2026 | $687.5M | -37% |
| Q4 2025 | $367.5M | -60% |
| Q3 2025 | $934M | -7.8% |
| Q2 2025 | $1.1B | -4.1% |
| Q1 2025 | $1.1B | -4.5% |
| Q4 2024 | $924.4M | +3% |
CALY's revenue has slid since its 2023 peak: $437M last quarter, down 53% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | +7.2 points |
| Q2 2026 | 19% | +9.2 points |
| Q1 2026 | 20% | +14 points |
| Q4 2025 | -15% | +143 points |
| Q3 2025 | 3% | -0.3 points |
| Q2 2025 | 9.5% | +0.6 points |
| Q1 2025 | 6.1% | +0.2 points |
| Q4 2024 | -158% | -154 points |
CALY's operating margin was 10% last quarter, up 7.2 points from the same quarter a year ago.
GME Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $790.2M | -19% |
| Q2 2026 | $835.3M | +14% |
| Q1 2026 | $1.1B | -14% |
| Q4 2025 | $821M | -4.6% |
| Q3 2025 | $972.2M | +22% |
| Q2 2025 | $732.4M | -17% |
| Q1 2025 | $1.3B | -28% |
| Q4 2024 | $860.3M | -20% |
GME has the edge over CALY on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +13 points |
| Q2 2026 | 17% | +19 points |
| Q1 2026 | 12% | +6 points |
| Q4 2025 | 5% | +8.9 points |
| Q3 2025 | 6.8% | +9.6 points |
| Q2 2025 | -1.5% | +4.3 points |
| Q1 2025 | 6.2% | +3.1 points |
| Q4 2024 | -3.9% | -2.5 points |
GME has the edge over CALY on profitability, with a higher operating margin.
CALY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $180.8M | +12% |
| Q2 2026 | $238.1M | +354% |
| Q1 2026 | -$176M | -$20.9M |
| Q4 2025 | $242.7M | +$267.7M |
| Q3 2025 | $162.1M | +48% |
| Q2 2025 | $52.5M | -63% |
| Q1 2025 | -$155.1M | -$16.4M |
| Q4 2024 | -$25M | -157% |
CALY generated $486M in free cash flow over the past year, more than ten times what it generated the year before.
GME Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $60.7M | -46% |
| Q2 2026 | $332.9M | +76% |
| Q1 2026 | $187.4M | +18% |
| Q4 2025 | $107M | +435% |
| Q3 2025 | $113.3M | +73% |
| Q2 2025 | $189.6M | +$304.3M |
| Q1 2025 | $158.8M | +$177.5M |
| Q4 2024 | $20M | +80% |
GME has the edge over CALY on cash flow, with more consistent year-over-year improvement.
CALY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.6% | -6.8M shares |
| 1 year | -0.3% | -600K shares |
| 3 years | -8.9% | -17.9M shares |
| 5 years | -1.4% | -2.7M shares |
| Available history | +90% | +87M shares |
CALY has the edge over GME on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50.7M |
| Q2 2026 | $42.5M |
| Q1 2026 | $42M |
| Q4 2025 | $300,000 |
| Q3 2025 | $100,000 |
| Q2 2025 | — |
| Q1 2025 | $3.3M |
| Q4 2024 | — |
CALY spent $136M buying back its own shares over the past year, more than ten times what it spent the year before.
GME Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +300K shares |
| 1 year | +8.4% | +46.1M shares |
| 3 years | +94% | +288M shares |
| 5 years | +104% | +302M shares |
| Available history | +80% | +264M shares |
GME has 593M diluted shares, up 8.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2021 | — |
| Q4 2020 | — |
| Q1 2020 | $21.8M |
| Q4 2019 | $114M |
CALY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.2x | Net Cash |
| Q2 2026 | -1.5x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | 2.9x | Moderate |
| Q3 2024 | 2.5x | Moderate |
| Q2 2024 | 2.6x | Moderate |
| Q1 2024 | 2.9x | Moderate |
| Q4 2023 | 2.5x | Moderate |
CALY has more cash than debt.
GME Net Leverage
CALY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.0 | Neutral |
| Stochastic | 51.0 | Neutral |
CALY's weekly RSI is 56 (neutral) and its Stochastic is 51 (neutral).
GME Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.9 | Neutral |
| Stochastic | 68.5 | Neutral |
GME's weekly RSI is 60 (neutral) and its Stochastic is 69 (neutral).
CALY PE vs Consumer Cyclical Sector
| Metric | CALY | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
CALY has no meaningful PE right now: it lost money over the past year.
GME PE vs Consumer Cyclical Sector
| Metric | GME | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 7.7% below |
| PE % | 15 | 47 | 32 pts below |
GME is trading at 17x earnings, in line with the Consumer Cyclical sector's median of 18x.
CALY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.9 | 11% above |
| 20 week MA | $16.2 | 2.5% above |
| 50 week MA | $15.1 | 9.5% above |
| 100 week MA | $11.7 | 42% above |
| 200 week MA | $13.6 | 22% above |
CALY has climbed back above all five of its weekly moving averages, and it's now 22% above its 200-week average.
GME Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.2 | 1.8% above |
| 20 week MA | $22.4 | 15% above |
| 50 week MA | $22.6 | 13% above |
| 100 week MA | $24.0 | 7% above |
| 200 week MA | $21.8 | 17% above |
GME is in an uptrend: it's above all five of its weekly moving averages, and 17% above its 200-week average.
CALY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.9 | $24.4 | +17% |
| 2021 | $24.4 | $27.0 | +11% |
| 2022 | $27.0 | $19.7 | -27% |
| 2023 | $19.7 | $14.3 | -27% |
| 2024 | $14.3 | $7.72 | -46% |
| 2025 | $7.72 | $11.7 | +52% |
| 2026 YTD | $11.7 | $16.6 | +41% |
CALY has the edge over GME on returns for 2026, with the stronger performance.
GME Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.48 | $5.04 | +241% |
| 2021 | $5.04 | $38.0 | +655% |
| 2022 | $38.0 | $20.1 | -47% |
| 2023 | $20.1 | $17.5 | -13% |
| 2024 | $17.5 | $32.2 | +84% |
| 2025 | $32.2 | $21.1 | -35% |
| 2026 YTD | $21.1 | $25.6 | +21% |
GME's yearly returns have swung widely, from +655% in 2021 to −47% in 2022. It's up 21% so far in 2026.