Hasbro (HAS)
Consumer Discretionary · $12.4B market cap · SEC CIK 0000046080
fundamentals score out of 100
Next reports on Oct 21, 2026, before the open, with analysts expecting $1.88 in earnings per share.
The case for HAS
- Generated $830M of free cash flow in FY2025, 18% of revenue.
- Earns 138% on shareholder equity, a figure flattered by a small equity base.
- Revenue growing 17.0% year over year.
- Pays a 6.1% dividend while you wait.
- Reasonably priced at 15.6× earnings.
- Gross margin of 65% absorbs cost shocks.
The case against
- Heavily leveraged. Debt is 5.0× equity.
- Revenue has shrunk 3.0% a year over five years.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Consumer Discretionary companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 59 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 28 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 81 |
| Momentumhow the price has behaved lately | 58 |
| Stabilityhow violently it moves, what it owes and what it pays you | 80 |
- Each factor except momentum is half fixed thresholds, half rank among the 48 Consumer Discretionary companies.
Key numbers
| Price / earnings | 15.6× |
|---|---|
| Price / book | 16.94× |
| Price / sales | 2.5× |
| Revenue growth (YoY) | +17.0% |
| EPS growth (YoY) | — |
| Gross margin | 65% |
| Operating margin | 23% |
| Net margin | 16% |
| Return on equity | 138% |
| Debt / equity | 5.02× |
| Current ratio | 1.66 |
| Dividend yield | 6.07% |
| Beta | 0.43 |
| 52-week range | $69.50 – $106.98 |
| Position in that range | 46% of the way up |
| 3-month return | +3.5% |
| 1-year return | +18.3% |
Five years of financials, as filed
Pulled from Hasbro's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $4.7B | $4.1B | $5.0B | $5.9B | $6.4B |
| Operating income | $11.1M | $690M | -$1.5B | $408M | $763M |
| Net income | -$322M | $386M | -$1.5B | $204M | $429M |
| Operating cash flow | $893M | $847M | $726M | $373M | $818M |
| Capital expenditure | $63.3M | $87.2M | $136M | $128M | $133M |
| Total assets | $5.6B | $6.3B | $6.5B | $9.3B | $10.0B |
| Total liabilities | $5.0B | $5.2B | $5.5B | $6.4B | $7.0B |
| Cash | $777M | $695M | $545M | $513M | $1.0B |
| Long-term debt | $2.8B | $3.4B | $3.0B | $3.7B | $3.8B |
| Free cash flow | $830M | $760M | $590M | $245M | $685M |
| Operating margin | 0.2% | 16.7% | -30.8% | 7.0% | 11.9% |
| Net margin | -6.9% | 9.3% | -29.8% | 3.5% | 6.7% |
| Diluted shares | 140M | 140M | 139M | 139M | 138M |
Share count is essentially flat over 4 years.
What Hasbro says it does
, of this Form 10-K under the caption "Our Executive Officers" and is incorporated herein by reference. The information related to our insider trading policies and procedures applicable to directors, officers and employees, and to the Company itself is contained under the heading "Insider Trading Policy" in the Company’s definitive Proxy Statement for the 2026 Annual Meeting of Stockholders and is incorporated herein by reference. A copy of the Company's Insider Trading Policy is filed as Exhibit 19 to this Form 10-K. The Company has a Code of Conduct, which is applicable to all of the Company’s employees, officers and directors, including the Company’s Chief Executive Officer, Chief Financial Officer and Controller. A copy of the Code of Conduct is available on the Company’s website under the Corporate, Investors, Corporate Governance tabs. The Company’s investor website address is http://hasbro.gcs-web.com. Although the Company does…
Risk factors HAS lists in its 10-K
- Results of Operations — Consolidated
- Avatar: The Last Airbender, Marvel's Spider-Man
- Final Fantasy, Avatar: The Last Airbender
- Selling, Distribution and Administration Expenses
- % Change is not meaningful ("NM") for these segments
- Wizards of the Coast and Digital Gaming Segment
- Final Fantasy, Marvel's Spider-Man,
- Critical Accounting Policies and Significant Estimates
- Recoverability of Goodwill and Intangible Assets
- Contractual Obligations and Commitments
- Industry Trends, the Economy and Inflation
- Quantitative and Qualitative Disclosures About Market Risk
- Management’s Discussion and Analysis of Financial Condition and Results of Operation,
- Financial Statements and Supplementary Data