Hasbro, Inc. (HAS) 10-Year Financial Performance & Capital Metrics

HAS • • Industrial / General

Consumer CyclicalLeisureToys & GamesTraditional Toy Manufacturers

AboutHasbro, Inc., together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels. Its toys and games include action figures, arts and crafts and creative play products, fashion and other dolls, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, games, and other consumer products; and licensed products, such as apparels, publishing products, home goods and electronics, and toy products. The company's Wizards of the Coast and Digital Gaming segment engages in the promotion of its brands through the development of trading card, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast games. Its Entertainment segment engages in the development, acquisition, production, distribution, and sale of world-class entertainment content, including film, scripted and unscripted television, family programming, digital content, and live entertainment. The company sells its products to retailers, distributors, wholesalers, discount stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as ecommerce retailers; and directly to customer through Hasbro PULSE e-commerce website. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island.Show more

Revenue $4.14B -17.3%
EBITDA $902M +202.6%
Net Income $386M +125.9%
EPS (Diluted) 2.75 +125.6%
Gross Margin 64.61% +12.7%
EBITDA Margin 21.82% +224.2%
Operating Margin 16.68% +154.2%
Net Margin 9.32% +131.3%
ROE 33.94% +145.0%
ROIC 13.04% +158.8%
Debt/Equity 2.88 -10.5%
Interest Coverage 4.03 +148.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 18.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.2%
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 2.9x
✗Dividend payout exceeds 100% of earnings
✗Expensive at 10.3x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.34%

5Y-2.61%

3Y-13.64%

TTM0.79%

Profit (Net Income) CAGR

10Y-0.75%

5Y-5.82%

3Y-3.47%

TTM12.93%

EPS CAGR

10Y-1.5%

5Y-7.45%

3Y-3.91%

TTM13.39%

ROCE

10Y Avg9.21%

5Y Avg1.89%

3Y Avg-2.12%

Latest14.64%

Peer Comparison

Traditional Toy Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KMRKK-TECH SOLUTIONS CO LTD	21.25M	1.28	55.41	8.69%	2.62%	19.23%		0.49
HASHasbro, Inc.	12.19B	86.89	31.60	-17.34%	-12.81%	-128.7%	6.23%	2.88
MATMattel, Inc.	6.76B	21.75	13.77	-1.13%	8.27%	19.12%	8.85%	1.19
JAKKJAKKS Pacific, Inc.	220.32M	19.55	6.23	-2.88%	1.06%	2.38%	12.57%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	4.45B	5.02B	5.21B	4.58B	4.72B	5.47B	6.42B	5.86B	5B	4.14B
Revenue Growth %	0.04%	0.13%	0.04%	-0.12%	0.03%	0.16%	0.17%	-0.09%	-0.15%	-0.17%
Cost of Goods Sold+	2.06B	2.31B	2.44B	2.2B	2.22B	2.29B	2.55B	2.4B	2.13B	1.46B
COGS % of Revenue	0.46%	0.46%	0.47%	0.48%	0.47%	0.42%	0.4%	0.41%	0.43%	0.35%
Gross Profit+	2.39B	2.7B	2.77B	2.38B	2.5B	3.18B	3.87B	3.45B	2.87B	2.67B
Gross Margin %	0.54%	0.54%	0.53%	0.52%	0.53%	0.58%	0.6%	0.59%	0.57%	0.65%
Gross Profit Growth %	0.05%	0.13%	0.02%	-0.14%	0.05%	0.27%	0.22%	-0.11%	-0.17%	-0.07%
Operating Expenses+	1.7B	1.92B	1.96B	2.05B	1.85B	2.67B	3.11B	3.04B	4.41B	1.98B
OpEx % of Revenue	0.38%	0.38%	0.38%	0.45%	0.39%	0.49%	0.48%	0.52%	0.88%	0.48%
Selling, General & Admin	1.37B	1.58B	1.63B	1.73B	1.45B	1.66B	1.94B	2.05B	1.84B	1.53B
SG&A % of Revenue	0.31%	0.31%	0.31%	0.38%	0.31%	0.3%	0.3%	0.35%	0.37%	0.37%
Research & Development	242.94M	266.38M	269.02M	246.16M	262.2M	259.5M	315.7M	307.9M	306.9M	294.1M
R&D % of Revenue	0.05%	0.05%	0.05%	0.05%	0.06%	0.05%	0.05%	0.05%	0.06%	0.07%
Other Operating Expenses	86.17M	70.69M	64.62M	72.61M	132.9M	750.4M	854.2M	682.9M	2.26B	155M
Operating Income+	691.93M	788.05M	810.36M	331.05M	652.1M	501.8M	763.3M	407.7M	-1.54B	690M
Operating Margin %	0.16%	0.16%	0.16%	0.07%	0.14%	0.09%	0.12%	0.07%	-0.31%	0.17%
Operating Income Growth %	0.09%	0.14%	0.03%	-0.59%	0.97%	-0.23%	0.52%	-0.47%	-4.77%	1.45%
EBITDA+	889.71M	978.45M	1.02B	542.92M	918.5M	1.15B	1.67B	1.2B	-879.2M	902.3M
EBITDA Margin %	0.2%	0.19%	0.2%	0.12%	0.19%	0.21%	0.26%	0.2%	-0.18%	0.22%
EBITDA Growth %	0.06%	0.1%	0.04%	-0.47%	0.69%	0.26%	0.45%	-0.28%	-1.74%	2.03%
D&A (Non-Cash Add-back)	197.78M	190.4M	207.63M	211.86M	266.4M	652M	908.7M	788.1M	659.6M	212.3M
EBIT	701.04M	789.89M	884.42M	361.23M	696.2M	523.2M	761.6M	432.5M	-1.52B	668.2M
Net Interest Income+	-93.98M	-88.04M	-76.11M	-68.47M	-71.8M	-193.7M	-174.3M	-159.2M	-163.3M	-123.9M
Interest Income	3.15M	9.37M	22.16M	22.36M	30.1M	7.4M	5.4M	11.8M	23M	47.3M
Interest Expense	97.12M	97.41M	98.27M	90.83M	101.9M	201.1M	179.7M	171M	186.3M	171.2M
Other Income/Expense	-88.02M	-95.56M	-24.21M	-60.65M	-57.8M	-179.7M	-181.4M	-146.2M	-170.3M	-193M
Pretax Income+	603.91M	692.49M	786.15M	270.4M	594.3M	322.1M	581.9M	261.5M	-1.71B	497M
Pretax Margin %	0.14%	0.14%	0.15%	0.06%	0.13%	0.06%	0.09%	0.04%	-0.34%	0.12%
Income Tax+	157.04M	159.34M	389.54M	49.97M	73.8M	96.7M	146.6M	58.5M	-221.3M	102.6M
Effective Tax Rate %	0.75%	0.8%	0.5%	0.82%	0.88%	0.69%	0.74%	0.78%	0.87%	0.78%
Net Income+	451.84M	551.38M	396.61M	220.43M	520.5M	222.5M	428.7M	203.5M	-1.49B	385.6M
Net Margin %	0.1%	0.11%	0.08%	0.05%	0.11%	0.04%	0.07%	0.03%	-0.3%	0.09%
Net Income Growth %	0.09%	0.22%	-0.28%	-0.44%	1.36%	-0.57%	0.93%	-0.53%	-8.32%	1.26%
Net Income (Continuing)	446.87M	533.15M	396.61M	220.43M	520.5M	225.4M	435.3M	203M	-1.49B	394.4M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	40.17M	22.7M	0	0	0	64.4M	61.1M	29.1M	25.1M	27.4M
EPS (Diluted)+	3.57	4.34	3.12	1.74	4.05	1.62	3.10	1.47	-10.73	2.75
EPS Growth %	0.12%	0.22%	-0.28%	-0.44%	1.33%	-0.6%	0.91%	-0.53%	-8.3%	1.26%
EPS (Basic)	3.61	4.40	3.17	1.75	4.07	1.62	3.11	1.47	-10.73	2.77
Diluted Shares Outstanding	126.69M	126.97M	127.03M	126.89M	128.5M	137.55M	138.4M	138.9M	138.8M	140.3M
Basic Shares Outstanding	125.01M	125.29M	125.04M	126.13M	127.9M	137.26M	138M	138.7M	138.8M	139.4M
Dividend Payout Ratio	0.5%	0.45%	0.7%	1.4%	0.65%	1.67%	0.87%	1.89%	-	1.01%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.87B	3.23B	3.63B	3.08B	6.75B	3.85B	3.73B	3B	2.32B	2.24B
Cash & Short-Term Investments	976.75M	1.28B	1.58B	1.18B	4.58B	1.38B	983.4M	498.6M	544.8M	694.7M
Cash Only	976.75M	1.28B	1.58B	1.18B	4.58B	1.38B	983.4M	498.6M	544.8M	694.7M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.22B	1.32B	1.41B	1.19B	1.44B	1.39B	1.5B	1.13B	1.03B	919.8M
Days Sales Outstanding	99.95	95.98	98.46	94.69	111.57	92.94	85.3	70.57	75.09	81.18
Inventory	384.49M	387.68M	433.29M	443.38M	446.11M	395.6M	552.1M	676.8M	332M	274.2M
Days Inventory Outstanding	68.25	61.12	64.84	73.48	73.27	63.08	79.09	102.72	56.78	68.38
Other Current Assets	0	0	0	0	0	73.2M	35.8M	691.3M	417.5M	353.8M
Total Non-Current Assets+	1.86B	1.86B	1.66B	2.18B	2.11B	6.97B	6.31B	6.3B	4.22B	4.1B
Property, Plant & Equipment	237.53M	267.4M	259.71M	256.47M	382.25M	489M	421.1M	422.8M	334.3M	302.6M
Fixed Asset Turnover	18.72x	18.77x	20.06x	17.86x	12.35x	11.18x	15.25x	13.85x	14.97x	13.67x
Goodwill	592.7M	570.55M	573.06M	485.88M	494.58M	3.69B	3.42B	3.47B	2.28B	2.28B
Intangible Assets	280.81M	245.95M	217.38M	693.84M	646.3M	1.53B	1.17B	814.6M	587.5M	518.4M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	744.09M	779.86M	605.9M	744.29M	584.97M	1.26B	1.3B	1.59B	1.02B	998.6M
Total Assets+	4.72B	5.09B	5.29B	5.26B	8.86B	10.82B	10.04B	9.3B	6.54B	6.34B
Asset Turnover	0.94x	0.99x	0.98x	0.87x	0.53x	0.51x	0.64x	0.63x	0.76x	0.65x
Asset Growth %	0.04%	0.08%	0.04%	-0.01%	0.68%	0.22%	-0.07%	-0.07%	-0.3%	-0.03%
Total Current Liabilities+	1.06B	1.62B	1.25B	1.27B	1.26B	2.4B	2.46B	2.19B	2.06B	1.4B
Accounts Payable	241.21M	319.52M	348.48M	333.52M	343.93M	425.5M	580.2M	427.3M	340.6M	341.5M
Days Payables Outstanding	42.82	50.38	52.15	55.28	56.49	67.85	83.12	64.86	58.25	85.16
Short-Term Debt	164.56M	522.29M	154.96M	9.74M	503K	439.2M	200.9M	255.6M	500M	0
Deferred Revenue (Current)	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	10.95M	76.92M	35.04M	49.7M	32M	130.3M	113.4M	71.6M
Current Ratio	2.69x	1.99x	2.90x	2.42x	5.37x	1.60x	1.52x	1.37x	1.13x	1.60x
Quick Ratio	2.33x	1.76x	2.56x	2.07x	5.01x	1.44x	1.29x	1.06x	0.97x	1.40x
Cash Conversion Cycle	125.38	106.72	111.16	112.9	128.35	88.17	81.27	108.44	73.62	64.4
Total Non-Current Liabilities+	1.95B	1.59B	2.21B	2.23B	4.6B	5.45B	4.49B	4.24B	3.4B	3.75B
Long-Term Debt	1.55B	1.2B	1.69B	1.7B	4.05B	4.66B	3.82B	3.71B	2.97B	3.38B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	404.88M	389.39M	514.72M	539.09M	556.56M	794M	670.7M	533.1M	431.7M	373.2M
Total Liabilities	3.02B	3.21B	3.46B	3.51B	5.86B	7.86B	6.95B	6.43B	5.45B	5.16B
Total Debt+	1.71B	1.72B	1.85B	1.7B	4.05B	5.1B	4.07B	4.01B	3.5B	3.41B
Net Debt	734.93M	438.69M	267.33M	522.46M	-533.41M	3.72B	3.09B	3.51B	2.95B	2.72B
Debt / Equity	1.00x	0.91x	1.01x	0.97x	1.35x	1.72x	1.32x	1.40x	3.22x	2.88x
Debt / EBITDA	1.92x	1.76x	1.82x	3.14x	4.41x	4.42x	2.43x	3.35x	-	3.78x
Net Debt / EBITDA	0.83x	0.45x	0.26x	0.96x	-0.58x	3.23x	1.85x	2.93x	-	3.01x
Interest Coverage	7.12x	8.09x	8.25x	3.64x	6.40x	2.50x	4.25x	2.38x	-8.26x	4.03x
Total Equity+	1.7B	1.89B	1.83B	1.75B	3B	2.96B	3.09B	2.86B	1.09B	1.19B
Equity Growth %	0.13%	0.11%	-0.03%	-0.04%	0.71%	-0.01%	0.04%	-0.07%	-0.62%	0.09%
Book Value per Share	13.45	14.85	14.41	13.83	23.31	21.53	22.30	20.60	7.83	8.45
Total Shareholders' Equity	1.66B	1.86B	1.83B	1.75B	3B	2.9B	3.03B	2.83B	1.06B	1.16B
Common Stock	104.85M	104.85M	104.85M	104.85M	110.14M	110.1M	110.1M	110.1M	110.1M	110.1M
Retained Earnings	3.85B	4.15B	4.26B	4.18B	4.35B	4.2B	4.26B	4.07B	2.19B	2.27B
Treasury Stock	-3.04B	-3.18B	-3.35B	-3.52B	-3.56B	-3.55B	-3.53B	-3.63B	-3.63B	-3.61B
Accumulated OCI	-146M	-194.57M	-239.43M	-294.51M	-184.22M	-195M	-235.3M	-254.9M	-201.5M	-246.4M
Minority Interest	40.17M	22.7M	0	0	0	64.4M	61.1M	29.1M	25.1M	27.4M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	552.45M	774.87M	724.38M	646M	653.06M	976.34M	817.9M	372.9M	725.6M	847.4M
Operating CF Margin %	0.12%	0.15%	0.14%	0.14%	0.14%	0.18%	0.13%	0.06%	0.15%	0.2%
Operating CF Growth %	0.22%	0.4%	-0.07%	-0.11%	0.01%	0.5%	-0.16%	-0.54%	0.95%	0.17%
Net Income	451.84M	551.38M	396.61M	220.43M	520.45M	222.52M	428.7M	203.5M	-1.49B	385.6M
Depreciation & Amortization	197.78M	190.4M	207.63M	211.86M	266.37M	652.03M	908.7M	788.1M	659.6M	212.3M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-18.95M	-662K	112.11M	-11.09M	-14.96M	30.32M	36M	-130.1M	-243.5M	-20.6M
Other Non-Cash Items	48.91M	76.25M	12.03M	126.57M	84.82M	131.61M	265.7M	389.2M	2.01B	210.6M
Working Capital Changes	-127.13M	-42.5M	-4M	98.22M	-203.63M	-60.13M	-821.2M	-877.8M	-206.4M	59.5M
Change in Receivables	-227.81M	-149.92M	-50.38M	180.11M	-211.45M	210.82M	-159.5M	339.6M	15.5M	77.3M
Change in Inventory	-99.35M	-12.06M	-25.3M	-37.21M	-4.63M	62.76M	-173.9M	-139.5M	257.1M	22.1M
Change in Payables	149.66M	203.78M	-80.46M	107.43M	62.28M	49.29M	313.2M	-278.7M	-109.7M	-78.8M
Cash from Investing+	-103.65M	-138.39M	-131.48M	-286.48M	-60.95M	-4.5B	242M	-313M	117.6M	-203.7M
Capital Expenditures	-142.02M	-154.9M	-134.88M	-140.43M	-133.64M	-125.75M	-132.7M	-174.2M	-209.3M	-197.5M
CapEx % of Revenue	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.03%	0.04%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	19.74M	28.95M	3.4M	9.4M	81.44M	38.47M	-3.8M	7.5M	-2.7M	-6.2M
Cash from Financing+	-346.46M	-333.06M	-312.17M	-737.1M	2.81B	405.95M	-1.46B	-553.3M	-818.1M	-497.5M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-225.8M	-248.88M	-276.97M	-309.26M	-336.6M	-372.65M	-374.5M	-385.3M	-388M	-389.9M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	10.55M	14.71M	-38.78M	-65.43M	-117.88M	-66.5M	-34.2M	-56.7M	-31.5M	-27.2M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	410.42M	619.97M	589.5M	505.57M	519.42M	850.59M	685.2M	198.7M	516.3M	760.2M
FCF Margin %	0.09%	0.12%	0.11%	0.11%	0.11%	0.16%	0.11%	0.03%	0.1%	0.18%
FCF Growth %	0.2%	0.51%	-0.05%	-0.14%	0.03%	0.64%	-0.19%	-0.71%	1.6%	0.47%
FCF per Share	3.24	4.88	4.64	3.98	4.04	6.18	4.95	1.43	3.72	5.42
FCF Conversion (FCF/Net Income)	1.22x	1.41x	1.83x	2.93x	1.25x	4.39x	1.91x	1.83x	-0.49x	2.20x
Interest Paid	93.11M	88.53M	89.29M	82.26M	82.2M	182.9M	171.9M	161.7M	179M	162.2M
Taxes Paid	144.14M	98.91M	115.75M	117.85M	103.1M	81.6M	160.5M	177.2M	119.8M	92.7M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	28.13%	30.72%	21.35%	12.3%	21.92%	7.47%	14.18%	6.84%	-75.43%	33.94%
Return on Invested Capital (ROIC)	21.39%	24.82%	27.49%	11.35%	20.64%	8.23%	8.91%	4.88%	-22.18%	13.04%
Gross Margin	53.77%	53.88%	53.18%	51.91%	52.92%	58.12%	60.32%	58.94%	57.34%	64.61%
Net Margin	10.16%	10.98%	7.61%	4.81%	11.03%	4.07%	6.68%	3.47%	-29.77%	9.32%
Debt / Equity	1.00x	0.91x	1.01x	0.97x	1.35x	1.72x	1.32x	1.40x	3.22x	2.88x
Interest Coverage	7.12x	8.09x	8.25x	3.64x	6.40x	2.50x	4.25x	2.38x	-8.26x	4.03x
FCF Conversion	1.22x	1.41x	1.83x	2.93x	1.25x	4.39x	1.91x	1.83x	-0.49x	2.20x
Revenue Growth	3.98%	12.87%	3.78%	-12.1%	3.07%	15.79%	17.47%	-8.78%	-14.57%	-17.34%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Consumer Products	-	-	-	-	-	-	3.98B	3.57B	2.89B	2.54B
Consumer Products Growth	-	-	-	-	-	-	-	-10.27%	-19.21%	-11.87%
Wizards Of The Coast And Digital Gaming	-	-	-	-	-	-	1.29B	1.33B	1.46B	1.51B
Wizards Of The Coast And Digital Gaming Growth	-	-	-	-	-	-	-	2.99%	10.00%	3.68%
Corporate, Non-Segment	-	-	-	-	-	-1.22B	-648.5M	-626.7M	-515.3M	161.2M
Corporate, Non-Segment Growth	-	-	-	-	-	-	46.67%	3.36%	17.78%	131.28%
Entertainment	-	-	-	-	-	957.47M	1.15B	959.1M	659.3M	80.3M
Entertainment Growth	-	-	-	-	-	-	20.34%	-16.76%	-31.26%	-87.82%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
U.S. and Canada	2.23B	2.56B	2.69B	2.43B	2.45B	2.56B	3.9B	3.54B	3.01B	2.6B
U.S. and Canada Growth	-	15.03%	5.10%	-9.56%	0.65%	4.36%	52.53%	-9.10%	-15.07%	-13.63%
International	1.97B	2.19B	2.23B	1.85B	1.84B	1.58B	2.52B	2.31B	1.99B	1.54B
International Growth	-	11.30%	1.77%	-17.28%	-0.61%	-14.02%	59.69%	-8.29%	-13.81%	-22.95%

Frequently Asked Questions

Valuation & Price

Hasbro, Inc. (HAS) has a price-to-earnings (P/E) ratio of 31.6x. This suggests investors expect higher future growth.

Growth & Financials

Hasbro, Inc. (HAS) reported $4.36B in revenue for fiscal year 2024. This represents a 2% increase from $4.29B in 2011.

Hasbro, Inc. (HAS) saw revenue decline by 17.3% over the past year.

Hasbro, Inc. (HAS) reported a net loss of $558.3M for fiscal year 2024.

Dividend & Returns

Yes, Hasbro, Inc. (HAS) pays a dividend with a yield of 3.20%. This makes it attractive for income-focused investors.

Hasbro, Inc. (HAS) has a return on equity (ROE) of 33.9%. This is excellent, indicating efficient use of shareholder capital.

Hasbro, Inc. (HAS) generated $648.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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