|HAS Overview
HAS

HASBRO, INC.

Industrials • CIK: 0000046080

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Market Cap
$10.59B
P/E (TTM)
-19.0x
Rev Growth (TTM)
-9.0%
Net Margin (TTM)
-11.2%
FCF Yield (TTM)
6.4%
FCF Margin (TTM)
13.6%

LATEST EARNINGS

Q4 FY2025
24 days ago
View source
Revenue
$1.45B
+31.3%
Net Income
$201.60M
-686.3%
EPS
$1.41
-664.0%
Operating
20.6% +15.2%
Net
13.9% +17.0%
  • Full year Hasbro revenue increased 14% driven by record 45% growth in the Wizards of the Coast and Digital Gaming segment.
  • MAGIC: THE GATHERING finished its strongest year ever, up 59% vs. PY with a successful Q4 Avatar: The Last Airbender set and ongoing strength in backlist and Secret Lair.
  • Adjusted operating profit of $1,140 million (+36% vs. PY) and adjusted operating margin of 24.2% (+3.9 points vs. PY), driven by favorable business mix and benefits from cost transformation efforts.
  • Fourth Quarter 2025 revenues increased 31% vs. PY, with growth in Wizards and Digital Gaming (+86%) and Consumer Products (+7%) partially offset by a decline in Entertainment (-5%).

Cash Flow Health

Free Cash Flow7/8 positive
TTM$681M
Q3 '25
$261M+373%
Q2 '25
$55M-56%
FCF Margin
TTM13.6%
Q3 '2516.4%+237%
Sector: 5.4%Top 25%
OCF Margin15.0%
OCF/NI-1.34x
CapEx Coverage10.9x
FCF Yield6.4%
FCF Growth (2Y)+41%
Cash Conversion Cycle
61 days
DSO: 61+DIO: 104DPO: 104

Capital Allocation & Returns

Balanced
Total Shareholder Yield
TTM3.7%
Div Yield3.7%

Balancing returns with reinvestment

Dividend & Payout Metrics
Dividend Yield (TTM)3.7%
FCF Payout Ratio57.6%
Free Cash Flow (TTM)$680.9M
Stock Repurchases ()$0
Capital Return / FCF57.6%
Est. Dividends Paid (TTM)$392.1M
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
-8.0%
Volatile
+0.2% YoY+21.0%
P25MedianP75
25th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
-5.8%
8Q: 11.0%
Asset Turnover
0.83x
8Q: 0.72x
Leverage (1+D/E)
Asset & CapEx Efficiency
Fixed Asset Turn
15.95x
8Q:12.57x
+869.3%
Invested Cap Turn
1.39x
8Q:1.28x
+39.6%
CapEx Intensity
1.9%
8Q:1.9%
CapEx/Depreciation
0.48x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2025Q2 2025Q1 2025Q4 2025Q3 2024Q2 2024Q1 2024Q4 2024
Revenue
$5.0B
$1.6B40.2%
$1.1B12.7%
$1.0B20.2%
$1.3B14.3%
$1.5B28.8%
$1.1B31.0%
$872.2M56.3%
$2.0B
Operating Income
$-226.6M
$341.1M142.7%
$-798.2M567.6%
$170.7M185.5%
$59.8M80.2%
$301.9M42.3%
$212.1M
$0100.0%
$116.2M
Net Income
$-558.3M
$233.2M127.2%
$-855.8M968.0%
$98.6M387.5%
$-34.3M115.4%
$223.2M61.2%
$138.5M138.0%
$58.2M105.5%
$-1.1B
Operating Cash Flow
$749.8M
$280.6M293.5%
$71.3M48.4%
$138.1M46.8%
$259.8M16.8%
$222.5M18.8%
$187.3M5.3%
$177.8M54.5%
$390.7M
Free Cash Flow
$680.9M
$260.9M372.6%
$55.2M55.6%
$124.3M48.3%
$240.5M17.8%
$204.1M27.6%
$159.9M
$0100.0%
$155.7M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
-19.0x
Volatile
8Q: 45.3x-4749%
Valuation Lenses
Earnings
-19.0x
vs sector
Cash Flow
19.6x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
P/E per %ROIC
ROIC: -8.0%
Shareholder Returns
Dividend
3.7%
Buyback
Total Yield
3.7%
Market Cap$10.59B
EV$13.37B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
-16/100
Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)
8Q:
Return on Invested Capital (ROIC)Below Avg
-8.0%
8Q:
+21.0%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: -5.8%
Asset Turnover: 0.83x

Earnings Quality

Cash Conversion

-1.34x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin75.9%

Capital Efficiency

Invested Capital Turnover1.39x

Working Capital

Cash Conversion Cycle61 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
51/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
-9.0%
OpInc Growth YoY
13.0%
EPS Growth YoY
13.6%
FCF 3Y CAGR
40.7%

Growth Quality Analysis

Efficient Growth: Free cash flow growing faster than revenue

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
75.9%
Operating
-4.5%
Below Avg in sector
Net
-11.2%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+24.8 pts
FCF: 13.6% | Net: -11.2%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Net Debt / EBITDA
Net Debt: $2.70B
Interest Coverage
Leverage Metrics
Debt-to-Equity
x
Balance sheet risk & solvency analysis