Callaway Golf Company (CALY) vs YETI Holdings, Inc. (YETI)

Callaway Golf Company and YETI Holdings, Inc. are both Leisure companies. YETI Holdings, Inc. is the larger, with a market value of $3.1B against $2.6B — 1.2× the size. YETI Holdings, Inc. trades at the lower P/E: 18.1× against 29.5×. Callaway Golf Company grew revenue faster over the last twelve months: 111.8% against 6.24%. YETI Holdings, Inc. has the higher net margin (9.24% vs −12.4%) and the higher return on invested capital (22.7% vs 6.58%). Across the 22 metrics below, Callaway Golf Company leads on 11 and YETI Holdings, Inc. on 11.

Valuation

Metric CALY YETI Leisure median
P/E 29.47 18.15 17.42
P/S 1.22 1.63 1.02
P/B 1.20 5.18 2.13
Price to free cash flow 7.66 16.37 11.49
EV/EBITDA 9.40 10.93 9.97
EV/Sales 1.11 1.65 2.00
Earnings yield 3.39% 5.51% 2.85%
Free cash flow yield 13.05% 6.11% 3.64%

Profitability

Metric CALY YETI Leisure median
Gross margin 44.79% 59.21% 48.02%
Operating margin 9.56% 12.18% 3.08%
Net margin (12.37%) 9.24% 2.58%
Free cash flow margin 15.90% 9.97% 2.13%
Return on equity (11.33%) 25.32% 0.00%
Return on assets (5.07%) 13.73% 0.05%
Return on invested capital 6.58% 22.66% 3.95%

Growth

Metric CALY YETI Leisure median
Revenue growth (TTM) 111.77% 6.24% 3.28%
EPS growth (last fiscal year) 102.66% (0.98%) —
Revenue growth, 5-year CAGR 5.32% 11.35% 4.22%
Net income growth, 5-year CAGR 0.00% 1.20% 0.00%

Health

Metric CALY YETI Leisure median
Debt to equity 0.02 0.17 0.02
Current ratio 3.04 1.75 1.76
Net debt to EBITDA 3.09 (0.43) 1.85

Dividend

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

Size

Metric CALY YETI Leisure median
Market cap 2.58b 3.06b 293.27m

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