Mattel Inc. (MAT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.04	$0.01	-75.0%	—	—	—
Q4 26	-$0.21	-$0.2	+4.8%	—	—	—
Q3 26	$0.55	$0.39	-29.1%	—	—	—
Q2 26	$1.06	$0.89	-16.0%	—	—	—
Q1 26	$0.16	$0.19	+18.8%	—	—	—
Q4 25	-$0.1	-$0.03	+70.0%	—	—	—
Q3 25	$0.2	$0.35	+75.0%	—	—	—
Q2 25	$0.95	$1.14	+20.0%	—	—	—
Q1 25	$0.17	$0.19	+11.8%	—	—	—
Q4 24	-$0.12	-$0.05	+58.3%	—	—	—
Q3 24	$0.32	$0.29	-9.4%	—	—	—
Q2 24	$0.86	$1.08	+25.6%	—	—	—
Q1 24	-$0.02	$0.1	+600.0%	—	—	—
Q4 23	-$0.19	-$0.24	-26.3%	—	—	—
Q3 23	$0.29	$0.18	-37.9%	—	—	—
Q2 23	$0.74	$0.82	+10.8%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.25	—	—	$5.3B	—
FY24	—	$1.59	—	—	$5.4B	—
FY23	—	$0.61	—	—	$5.4B	—
FY22	—	$1.11	—	—	$5.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$5.5B	$4.9B	$4.5B	$4.5B	$4.6B	$5.5B	$5.4B	$5.4B	$5.4B	$5.3B
YoY change	-4.37%	-10.5%	-7.51%	-0.23%	+1.86%	+18.9%	-0.42%	+0.12%	-1.13%	-0.59%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	5.5B	4.9B	4.5B	4.5B	4.6B	5.5B	5.4B	5.4B	5.4B	5.3B
Cost of revenue	2.9B	3.1B	2.7B	2.5B	2.3B	2.8B	3B	2.9B	2.6B	2.7B
Gross profit	2.5B	1.8B	1.8B	2B	2.2B	2.6B	2.5B	2.6B	2.7B	2.6B
Gross margin	46.7%	37.4%	39.8%	43.9%	48.9%	48.1%	45.7%	47.5%	50.8%	48.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2B	2.2B	2B	1.9B	1.9B	1.9B	1.8B	2B	2B	2.1B
Operating expenses	2B	2.2B	2B	1.9B	1.9B	1.9B	1.8B	2B	2B	2.1B
Operating income	520M	-335.7M	-234.3M	37.1M	374.7M	729.6M	675.5M	561.7M	694.3M	546.4M
Operating margin	9.54%	-6.88%	-5.19%	0.82%	8.17%	13.4%	12.4%	10.3%	12.9%	10.2%
Non-operating income, net	-32M	-68.1M	-5.1M	-1.9M	-2.7M	-8.4M	-47.8M	2.3M	-4.5M	-13.3M
Pretax income	402M	-501.2M	-414.9M	-159.7M	177.7M	470.8M	504.3M	465.4M	622.5M	459.5M
Income tax	89.1M	553.3M	116.2M	58.3M	65.5M	-420.4M	135.9M	269.5M	105.6M	89.8M
Net income	312.9M	-1.1B	-533.3M	-218.8M	123.6M	903M	393.9M	214.4M	541.8M	397.6M
Net margin	5.74%	-21.6%	-11.8%	-4.86%	2.69%	16.5%	7.25%	3.94%	10.1%	7.43%
EBITDA	759.5M	-121.3M	38.9M	285.9M	569.4M	909M	819.3M	766.5M	987.2M	796.4M
EPS	0.93	-3.07	-1.54	-0.62	0.36	2.58	1.11	0.61	1.59	1.25
Diluted EPS	0.92	-3.07	-1.54	-0.62	0.36	2.53	1.1	0.6	1.58	1.24

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.9B	1.6B	809.5M	1.1B	1.8B	1.6B	826.6M	1B	1.7B	1.8B	862.2M	1.1B
Cost of revenue	940.9M	830.5M	420.6M	549M	864.9M	810.9M	418.5M	499.6M	867.7M	956.1M	475.4M	583.2M
Gross profit	977.9M	790.2M	388.9M	530.7M	979M	835.5M	408.1M	519M	868.3M	810.4M	386.8M	542.1M
Gross margin	51%	48.8%	48%	49.2%	53.1%	50.7%	49.4%	50.9%	50%	45.9%	44.9%	48.2%
Research & development	—	—	—	—	—	—	—	—	—	—	59.9M	—
Selling, general & administrative	504.1M	650.1M	424.4M	447.5M	490.7M	677.2M	461.1M	440.5M	488.4M	669.3M	396.1M	531.2M
Operating expenses	504.1M	650.1M	424.4M	447.5M	490.7M	677.2M	461.1M	440.5M	488.4M	669.3M	456M	531.2M
Operating income	473.9M	140.1M	-35.5M	83.2M	488.3M	158.3M	-53M	78.5M	379.8M	141.1M	-78.2M	10.9M
Operating margin	24.7%	8.64%	-4.39%	7.71%	26.5%	9.61%	-6.41%	7.71%	21.9%	7.99%	-9.07%	0.97%
Non-operating income, net	2.4M	-3.7M	-5.6M	-6.1M	2.9M	4.3M	-13M	1.4M	-965K	-687K	123.6M	-4.1M
Pretax income	450.1M	114.9M	-53.9M	59.5M	471.7M	145.2M	-79.3M	62.9M	358.5M	117.4M	25M	-18M
Income tax	309.3M	-27.3M	-20.8M	9.2M	106.3M	10.9M	-30.6M	16.2M	86.9M	17.2M	-32.5M	228K
Net income	146.3M	147.3M	-28.3M	56.9M	372.4M	140.9M	-40.3M	53.4M	278.4M	106.2M	61M	-18.2M
Net margin	7.63%	9.09%	-3.49%	5.27%	20.2%	8.56%	-4.88%	5.24%	16%	6.01%	7.08%	-1.62%
EBITDA	526.4M	190.9M	32.7M	157.9M	563.6M	233M	10.3M	152.6M	438.8M	194.7M	128.6M	65.7M
EPS	0.41	0.42	-0.08	0.17	1.1	0.42	-0.12	0.16	0.88	0.35	0.21	-0.06
Diluted EPS	0.41	0.42	-0.08	0.17	1.09	0.42	-0.12	0.16	0.88	0.34	0.2	-0.06

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	9.4B	5.3B	3.4B	4.7B	6.1B	7.5B	6.3B	6.7B	6B	6.3B	3.8B
Enterprise value	10.9B	7.3B	5.7B	7.3B	8.5B	9.7B	8.2B	8B	7.3B	7.8B	6B
Shares outstanding	341.5M	343.6M	345M	346.1M	347.5M	350M	353.8M	353.6M	340.4M	318.2M	318.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	30.1	—	—	—	49.1	8.36	16	31.1	11.1	15.9	9.92
P/S	1.73	1.08	0.76	1.04	1.32	1.38	1.16	1.23	1.12	1.18	0.69
P/B	3.91	4.24	5.17	9.54	9.94	4.81	3.07	3.11	2.67	2.83	1.9
EV/EBITDA	14.3	-60.4	146.6	25.4	14.9	10.7	10	10.4	7.43	9.74	9.21
EV/Sales	1.99	1.5	1.26	1.61	1.85	1.79	1.51	1.47	1.36	1.45	1.1
Earnings yield	3.33%	—	—	—	2.04%	12%	6.24%	3.21%	8.98%	6.3%	10.1%
FCF yield	3.53%	-6.15%	-5.21%	1.38%	2.75%	4.43%	4.06%	10.6%	9.91%	6.51%	11.2%
PEG	—	—	—	—	—	—	—	—	—	—	-0.07

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	46.7%	37.4%	39.8%	43.9%	48.9%	48.1%	45.7%	47.5%	50.8%	48.7%	48.2%
Operating margin	9.54%	-6.88%	-5.19%	0.82%	8.17%	13.4%	12.4%	10.3%	12.9%	10.2%	1.32%
Net margin	5.74%	-21.6%	-11.8%	-4.86%	2.69%	16.5%	7.25%	3.94%	10.1%	7.43%	7.79%
ROE	13%	-84.6%	-80%	-44.5%	20.3%	57.6%	19.2%	9.97%	23.9%	17.8%	20.5%
ROA	4.82%	-16.9%	-10.2%	-4.11%	2.23%	14.1%	6.38%	3.33%	8.28%	5.99%	4.73%
ROIC	10.5%	-10.2%	-8%	1.22%	7.8%	19.4%	12.4%	6.8%	16.2%	12%	9.15%
Return on tangible assets	13.1%	-48.9%	-41.3%	-11%	7.22%	33.9%	15.3%	7.44%	17.7%	12.5%	19%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.95	1.91	1.88	1.76	1.84	1.8	2.3	2.33	2.38	2.15	1.9
Quick ratio	1.55	1.54	1.44	1.37	1.45	1.31	1.54	1.9	2	1.76	1.26
Debt / equity	0.97	2.5	4.28	6.49	5.22	1.87	1.3	1.2	1.19	1.2	1.37
Debt / assets	0.36	0.5	0.55	0.6	0.58	0.46	0.43	0.4	0.41	0.4	0.43
Net debt / EBITDA	1.92	-16.9	58.1	8.96	4.25	2.42	2.33	1.73	1.32	1.81	2.68
Interest coverage	5.23	-3.76	-1.28	0.21	1.9	2.85	4.8	4.76	6.24	4.87	4.93
Effective tax rate	22.2%	0%	0%	0%	36.9%	0%	26.9%	57.9%	17%	19.5%	14.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	16	14.2	13.1	13	13.2	15.6	15.4	15.4	15.8	16.8	18.2
EPS (basic)	0.93	-3.07	-1.54	-0.62	0.36	2.58	1.11	0.61	1.59	1.25	1.25
EPS (diluted)	0.92	-3.07	-1.54	-0.62	0.36	2.53	1.1	0.6	1.58	1.24	1.34
Book value per share	7.05	3.63	1.93	1.42	1.76	4.48	5.81	6.08	6.65	7.02	6.99
FCF per share	0.97	-0.95	-0.52	0.19	0.48	0.95	0.72	2.01	1.76	1.29	1.5
Cash per share	2.55	3.14	1.72	1.82	2.19	2.09	2.15	3.57	4.08	3.91	1.83
Capex per share	0.77	0.86	0.44	0.3	0.34	0.43	0.53	0.45	0.6	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.81%	6.09%	3.38%	2.3%	2.59%	2.77%	3.43%	2.95%	3.77%	—	—
Capex / operating cash flow	47.6%	-219.8%	-106.7%	151.1%	45.3%	37.6%	25.9%	23.5%	27.4%	—	—
Payout ratio	165.7%	-29.6%	0%	0%	—	—	—	—	—	—	0%
Dividend yield	5.51%	5.9%	0%	0%	—	—	—	—	—	—	4.49%

Yield

4.49%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.15

ex-dividend Aug 21, 2017

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 21, 2017	$0.15
May 17, 2017	$0.38
Feb 14, 2017	$0.38

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.9B	$1.6B	$809.5M	$1.1B	$1.8B	$1.6B	$826.6M	$1B	$1.7B	$1.8B	$862.2M	$1.1B
YoY change	+9.28%	+15.6%	-0.62%	-0.68%	-3.9%	+1.59%	+2.11%	-5.66%	-5.85%	+7.29%	+4.3%	+10.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	869.5M	1.1B	594.5M	630M	762.2M	731.4M	761.2M	1.3B	1.4B	1.2B
Receivables	1.1B	1.1B	970.1M	936.4M	1B	1.1B	860.2M	1.1B	1B	1.1B
Inventory	613.8M	600.7M	542.9M	495.5M	528.5M	777.2M	894.1M	571.6M	501.7M	563.1M
Total current assets	2.9B	3.1B	2.3B	2.2B	2.5B	2.9B	2.7B	3.1B	3.1B	3.1B
Property, plant & equipment	493.7M	481.8M	363.4M	550.4M	433.5M	464.3M	484M	465M	491.5M	536.6M
Goodwill & intangibles	4.1B	4.1B	3.9B	3.3B	3.8B	3.7B	3.6B	3.6B	3.5B	3.5B
Total assets	6.5B	6.2B	5.2B	5.3B	5.5B	6.4B	6.2B	6.4B	6.5B	6.6B
Accounts payable	664.9M	572.2M	538M	459.4M	495.4M	579.2M	471.5M	442.3M	399M	555.4M
Short-term debt	192.2M	250M	4.2M	74.1M	80.5M	73.8M	75.3M	—	74.8M	83.2M
Total current liabilities	1.5B	1.6B	1.2B	1.3B	1.4B	1.6B	1.2B	1.3B	1.3B	1.5B
Long-term debt	2.1B	2.9B	2.9B	3.1B	3.1B	2.9B	2.6B	2.6B	2.6B	2.6B
Total liabilities	4.1B	5B	4.6B	4.8B	4.9B	4.8B	4.1B	4.3B	4.3B	4.4B
Shareholders' equity	2.4B	1.2B	666.9M	491.7M	610.1M	1.6B	2.1B	2.1B	2.3B	2.2B
Total debt	2.3B	3.1B	2.9B	3.2B	3.2B	2.9B	2.7B	2.6B	2.7B	2.7B
Net debt	1.5B	2B	2.3B	2.6B	2.4B	2.2B	1.9B	1.3B	1.3B	1.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	455.7M	1.3B	1.1B	722.4M	723.5M	1.4B	1.2B	870.5M	691.9M	1.2B	866M	523.9M
Receivables	1.6B	1.1B	673.3M	839.4M	1.5B	1B	633.3M	792.5M	1.4B	1.1B	686.7M	820.3M
Inventory	790.5M	571.6M	669.3M	776.9M	737.2M	501.7M	658.4M	867.9M	826.6M	563.1M	676.9M	829.8M
Total current assets	3B	3.1B	2.7B	2.6B	3.2B	3.1B	2.8B	2.8B	3.2B	3.1B	2.5B	2.5B
Property, plant & equipment	432.2M	465M	448.6M	423.2M	433.4M	491.5M	479M	470.1M	473.8M	536.6M	556.6M	636.1M
Goodwill & intangibles	3.6B	3.6B	3.5B	3.5B	3.5B	3.5B	3.5B	3.5B	3.5B	3.5B	4.1B	4.1B
Total assets	6.2B	6.4B	6.1B	5.9B	6.5B	6.5B	6.2B	6.2B	6.6B	6.6B	6.3B	6.4B
Accounts payable	450.1M	442.3M	315.3M	377.1M	439.2M	399M	318.3M	419.5M	492.8M	555.4M	373.3M	448M
Short-term debt	76M	—	—	75.8M	74.9M	74.8M	80.8M	679.1M	681.7M	83.2M	79.9M	77.7M
Total current liabilities	1.3B	1.3B	1.1B	1B	1.3B	1.3B	1.1B	1.7B	2B	1.5B	1.2B	1.3B
Long-term debt	2.6B	2.6B	2.6B	2.6B	2.6B	2.6B	2.6B	2B	2B	2.6B	2.6B	2.7B
Total liabilities	4.2B	4.3B	4B	3.9B	4.2B	4.3B	4.1B	4.1B	4.3B	4.4B	4.2B	4.4B
Shareholders' equity	2B	2.1B	2B	2B	2.3B	2.3B	2.1B	2.2B	2.3B	2.2B	2.1B	2B
Total debt	2.6B	2.6B	2.6B	2.7B	2.6B	2.7B	2.7B	2.7B	2.7B	2.7B	2.7B	2.7B
Net debt	2.2B	1.3B	1.5B	1.9B	1.9B	1.3B	1.4B	1.8B	2B	1.4B	1.8B	2.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	312.9M	-995.6M	-533.3M	-218.8M	123.6M	903M	393.9M	214.4M	541.8M	397.6M
Depreciation & amortization	262.3M	274.8M	271.9M	244.5M	193.5M	184.3M	182.2M	177.3M	245.9M	218.2M
Stock-based compensation	54M	67.1M	48.9M	56M	60.2M	60.1M	69.1M	83.3M	79.4M	79.7M
Change in working capital	-108.7M	-50.3M	-37M	-68.7M	-109.6M	-264M	9.7M	35.8M	-82.3M	-133.5M
Operating cash flow	550.6M	-135.2M	-142.9M	68.7M	262.3M	402.3M	720.2M	681M	738.4M	593.3M
Capital expenditure	-262.2M	-297.2M	-152.4M	-103.8M	-118.8M	-151.4M	-186.5M	-160.3M	-202.6M	—
Investing cash flow	-311.9M	-235.7M	-160.8M	-101.6M	-132.1M	-106.7M	-143.7M	-157.4M	-196.4M	18.4M
Dividends paid	-518.5M	-312M	0	0	—	—	—	—	—	—
Share repurchases	0	—	—	—	—	0	0	-203M	-400M	-600M
Financing cash flow	-399.4M	-1.2B	-285.2M	-25.6M	-5.9M	-415.2M	-288.4M	-253.3M	-455.7M	-630.4M
Net change in cash	-160.8M	-1.5B	-588.8M	-58.6M	124.3M	-119.6M	288.1M	270.3M	86.3M	-18.7M
Free cash flow	332.3M	-324.8M	-179.7M	64.6M	166.9M	334.1M	256.3M	709.5M	597.9M	411.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	146.3M	147.3M	-28.3M	56.9M	372.4M	140.9M	-40.3M	53.4M	278.4M	106.2M	61M	-18.2M
Depreciation & amortization	45.6M	44.7M	56.6M	68.4M	62.5M	58.4M	60.3M	60.3M	50.9M	46.7M	48M	51.9M
Stock-based compensation	15.5M	30.9M	17.9M	19.8M	19.7M	22M	19.9M	18.7M	22.3M	18.8M	13M	19.9M
Change in working capital	-533M	757.7M	264.7M	-312.3M	-605.8M	571.1M	203.9M	-335.2M	-564M	561.7M	364.9M	-293.1M
Operating cash flow	-90.2M	918.4M	298.6M	-169.9M	-126.9M	736.6M	228M	-300.1M	72M	796.6M	-22.9M	-179.2M
Capital expenditure	-44.1M	-42.8M	-30.5M	-35M	-91.5M	-45.7M	-36.2M	—	—	—	—	—
Investing cash flow	-31.9M	-43.4M	-28.4M	-44.3M	-79M	-43.1M	-31.3M	12.8M	-3M	418K	-78.5M	9.1M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-60M	-93.2M	-100M	-100M	-68.3M	-131.7M	-160M	-50M	-202.5M	-187.5M	-200M	-100M
Financing cash flow	-69.1M	-107.8M	-135.6M	-109.2M	-75.6M	-135.3M	-163.6M	-63.6M	-204.6M	-190.9M	-211.7M	-114.8M
Net change in cash	-191.3M	767.1M	134.6M	-323.4M	-281.6M	558.2M	33.1M	-350.9M	-135.6M	606M	-313.1M	-284.9M
Free cash flow	201.8M	906.7M	5M	-287.9M	64.3M	816.5M	-11.4M	-339.9M	23.1M	739.4M	-88.1M	-239.9M

Date	Ratio
Mar 4, 1996	5:4
Jan 23, 1995	5:4
Jan 10, 1994	5:4
Jun 3, 1992	3:2
Nov 18, 1991	5:4

Mattel Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history