Callaway Golf Company (CALY) vs United Parks & Resorts Inc. (PRKS)

Callaway Golf Company and United Parks & Resorts Inc. are both Leisure companies. Callaway Golf Company is the larger, with a market value of $2.6B against $1.5B — 1.7× the size. United Parks & Resorts Inc. trades at the lower P/E: 12.9× against 29.5×. Callaway Golf Company grew revenue faster over the last twelve months: 111.8% against −3.54%. United Parks & Resorts Inc. has the higher net margin (8.11% vs −12.4%) and the higher return on invested capital (12.1% vs 6.58%). Across the 20 metrics below, Callaway Golf Company leads on 10 and United Parks & Resorts Inc. on 10.

Valuation

Metric CALY PRKS Leisure median
P/E 29.47 12.94 17.42
P/S 1.22 0.94 1.02
P/B 1.20 n/m 2.13
Price to free cash flow 7.66 9.42 11.49
EV/EBITDA 9.40 7.60 9.97
EV/Sales 1.11 2.31 2.00
Earnings yield 3.39% 7.73% 2.85%
Free cash flow yield 13.05% 10.62% 3.64%

Profitability

Metric CALY PRKS Leisure median
Gross margin 44.79% 44.51% 48.02%
Operating margin 9.56% 19.23% 3.08%
Net margin (12.37%) 8.11% 2.58%
Free cash flow margin 15.90% 10.00% 2.13%
Return on equity (11.33%) (26.40%) 0.00%
Return on assets (5.07%) 4.97% 0.05%
Return on invested capital 6.58% 12.06% 3.95%

Growth

Metric CALY PRKS Leisure median
Revenue growth (TTM) 111.77% (3.54%) 3.28%
EPS growth (last fiscal year) 102.66% (19.26%) —
Revenue growth, 5-year CAGR 5.32% 30.95% 4.22%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CALY PRKS Leisure median
Debt to equity 0.02 (3.69) 0.02
Current ratio 3.04 0.48 1.76
Net debt to EBITDA 3.09 3.92 1.85

Dividend

Metric CALY PRKS Leisure median
Dividend yield — — 2.86%
Payout ratio 0.00 0.00 0.00

Size

Metric CALY PRKS Leisure median
Market cap 2.58b 1.48b 293.27m

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