Mattel, Inc. (MAT) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Leisure
EV/EBITDA
↓
7.39
↓-22% vs avg
5yr avg: 9.53
30Y Low7.4·High25.7
P/FCF
↓
10.21
↓-39% vs avg
5yr avg: 16.62
30Y Low8.2·High72.6
P/B Ratio
↓
1.98
↓-41% vs avg
5yr avg: 3.34
30Y Low2.7·High10.0
ROE
↓
17.7%
↑-44% vs avg
5yr avg: 31.4%
30Y Low-58%·High83%
Debt/EBITDA
↑
3.64
+15% vs avg
5yr avg: 3.17
30Y Low0.6·High11.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MAT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Mattel, Inc. trades at 11.2x earnings, 33% below its 5-year average of 16.7x, sitting at the 4th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 20.8x, the stock trades at a discount of 46%. On a free-cash-flow basis, the stock trades at 10.2x P/FCF, 39% below the 5-year average of 16.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.2B | $6.3B | $6.1B | $6.7B | $6.4B | $7.7B | $6.1B | $4.7B | $3.4B | $5.3B | $9.5B |
| Enterprise Value | $5.8B | $7.9B | $7.4B | $8.1B | $8.3B | $9.9B | $8.5B | $7.3B | $5.7B | $7.3B | $10.9B |
| P/E Ratio → | 11.20 | 16.00 | 11.22 | 31.47 | 16.22 | 8.52 | 49.86 | — | — | — | 29.95 |
| P/S Ratio | 0.78 | 1.18 | 1.13 | 1.24 | 1.18 | 1.41 | 1.33 | 1.04 | 0.76 | 1.08 | 1.74 |
| P/B Ratio | 1.98 | 2.83 | 2.69 | 3.14 | 3.12 | 4.91 | 9.98 | 9.54 | 5.15 | 4.20 | 3.94 |
| P/FCF | 10.21 | 15.35 | 10.18 | 9.50 | 25.03 | 23.05 | 36.50 | 72.57 | — | — | 28.93 |
| P/OCF | 7.07 | 10.64 | 7.60 | 7.75 | 14.49 | 15.87 | 21.32 | 27.84 | — | — | 16.07 |
P/E links to full P/E history page with 30-year chart
MAT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Mattel, Inc.'s enterprise value stands at 7.4x EBITDA, 22% below its 5-year average of 9.5x. The Consumer Cyclical sector median is 12.1x, placing the stock at a 39% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.48 | 1.37 | 1.50 | 1.53 | 1.81 | 1.86 | 1.61 | 1.26 | 1.50 | 2.01 |
| EV / EBITDA | 7.39 | 10.07 | 7.86 | 10.30 | 9.11 | 10.30 | 14.99 | 25.75 | 151.88 | — | 13.98 |
| EV / EBIT | 9.39 | 13.10 | 9.96 | 13.83 | 13.07 | 13.66 | 22.65 | 175.21 | — | — | 22.00 |
| EV / FCF | — | 19.30 | 12.35 | 11.48 | 32.48 | 29.63 | 51.01 | 112.21 | — | — | 33.37 |
MAT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Mattel, Inc. earns an operating margin of 11.6%, above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 10.3% to 11.6% over the past 3 years, signaling improving operational efficiency. ROE of 17.7% indicates solid capital efficiency, compared to the sector median of 5.3%. ROIC of 12.5% represents solid returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.9% | 48.9% | 50.8% | 47.5% | 45.7% | 48.1% | 48.9% | 43.9% | 39.8% | 37.4% | 46.7% |
| Operating Margin | 11.6% | 11.6% | 12.9% | 10.3% | 12.4% | 13.4% | 8.2% | 0.8% | -5.2% | -6.9% | 9.5% |
| Net Profit Margin | 7.4% | 7.4% | 10.1% | 3.9% | 7.2% | 16.5% | 2.7% | -4.9% | -11.8% | -21.6% | 5.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.7% | 17.7% | 24.6% | 10.2% | 21.7% | 82.9% | 22.4% | -37.7% | -55.4% | -57.6% | 12.4% |
| ROA | 6.0% | 6.0% | 8.3% | 3.4% | 6.3% | 15.1% | 2.3% | -4.1% | -9.3% | -16.6% | 4.8% |
| ROIC | 12.5% | 12.5% | 14.6% | 11.2% | 13.1% | 16.1% | 9.2% | 0.9% | -5.6% | -7.0% | 10.1% |
| ROCE | 11.9% | 11.9% | 13.5% | 11.1% | 13.8% | 16.3% | 9.1% | 0.9% | -5.4% | -7.0% | 10.5% |
MAT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Mattel, Inc. carries a Debt/EBITDA ratio of 3.6x, which is moderately leveraged (24% below the sector average of 4.8x). Net debt stands at $1.6B ($2.9B total debt minus $1.2B cash). Interest coverage of 5.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.28 | 1.28 | 1.19 | 1.24 | 1.30 | 1.87 | 5.22 | 6.49 | 4.27 | 2.48 | 0.97 |
| Debt / EBITDA | 3.64 | 3.64 | 2.86 | 3.37 | 2.92 | 3.05 | 5.60 | 11.33 | 75.99 | — | 2.97 |
| Net Debt / Equity | — | 0.73 | 0.57 | 0.65 | 0.93 | 1.40 | 3.97 | 5.21 | 3.38 | 1.63 | 0.61 |
| Net Debt / EBITDA | 2.06 | 2.06 | 1.38 | 1.78 | 2.09 | 2.29 | 4.26 | 9.10 | 60.17 | — | 1.86 |
| Debt / FCF | — | 3.95 | 2.17 | 1.98 | 7.46 | 6.58 | 14.51 | 39.64 | — | — | 4.44 |
| Interest Coverage | 5.11 | 5.11 | 6.24 | 4.76 | 4.80 | 2.85 | 1.90 | 0.21 | -1.28 | -3.76 | 5.23 |
MAT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Mattel, Inc.'s current ratio of 2.15x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.76x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.33x to 2.15x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.15 | 2.15 | 2.38 | 2.33 | 2.30 | 1.80 | 1.84 | 1.76 | 1.88 | 1.92 | 1.95 |
| Quick Ratio | 1.76 | 1.76 | 2.00 | 1.90 | 1.54 | 1.31 | 1.45 | 1.37 | 1.44 | 1.55 | 1.55 |
| Cash Ratio | 0.85 | 0.85 | 1.05 | 0.94 | 0.64 | 0.46 | 0.56 | 0.49 | 0.47 | 0.66 | 0.58 |
| Asset Turnover | — | 0.81 | 0.82 | 0.85 | 0.88 | 0.85 | 0.83 | 0.85 | 0.86 | 0.78 | 0.84 |
| Inventory Turnover | 4.86 | 4.86 | 5.27 | 5.00 | 3.30 | 3.64 | 4.44 | 5.10 | 5.00 | 5.09 | 4.74 |
| Days Sales Outstanding | — | 74.92 | 68.07 | 72.57 | 57.77 | 71.74 | 82.25 | 75.87 | 78.43 | 84.09 | 74.65 |
MAT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Mattel, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 8.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | 5.9% | 5.5% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 165.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.9% | 6.3% | 8.9% | 3.2% | 6.2% | 11.7% | 2.0% | — | — | — | 3.3% |
| FCF Yield | 9.8% | 6.5% | 9.8% | 10.5% | 4.0% | 4.3% | 2.7% | 1.4% | — | — | 3.5% |
| Buyback Yield | 0.0% | 0.0% | 6.6% | 3.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 6.6% | 3.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 5.9% | 5.5% |
| Shares Outstanding | — | $318M | $343M | $357M | $360M | $357M | $349M | $346M | $345M | $344M | $344M |
Peer Comparison
Compare MAT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MATYou | $4B | 11.2 | 7.4 | 10.2 | 48.9% | 11.6% | 17.7% | 12.5% | 3.6 |
 HAS | $12B | -36.7 | 11.8 | 14.4 | 70.3% | 22.5% | -36.8% | 22.4% | 2.8 |
 JAKK | $252M | 25.6 | 11.9 | — | 32.4% | 2.5% | 4.0% | 4.1% | 3.8 |
 SPWH | $49M | -1.0 | 18.8 | 5.5 | 30.9% | -1.2% | -23.6% | -1.6% | 17.0 |
 PLBY | $138M | -11.4 | 123.1 | — | 71.0% | -4.9% | -247.8% | -2.6% | 81.5 |
 FNKO | $296M | -4.3 | 38.2 | — | 32.2% | -4.9% | -31.9% | -7.5% | 20.4 |
 NFLX | $309B | 28.8 | 10.4 | 32.6 | 48.5% | 29.5% | 42.8% | 29.8% | 0.5 |
 DIS | $178B | 15.0 | 11.3 | 17.7 | 37.8% | 14.6% | 11.3% | 6.9% | 2.3 |
 AMZN | $2.5T | 32.5 | 17.6 | 325.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 WMT | $934B | 42.9 | 22.5 | 62.6 | 24.9% | 4.2% | 21.5% | 14.4% | 1.5 |
 TGT | $59B | 16.0 | 9.2 | 20.8 | 25.4% | 4.6% | 24.0% | 12.0% | 2.5 |
| Consumer Cyclical Median | — | 20.8 | 12.1 | 15.5 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
MAT — Frequently Asked Questions
Quick answers to the most common questions about buying MAT stock.
What is Mattel, Inc.'s P/E ratio?
Mattel, Inc.'s current P/E ratio is 11.2x. The historical average is 21.2x. This places it at the 4th percentile of its historical range.
What is Mattel, Inc.'s EV/EBITDA?
Mattel, Inc.'s current EV/EBITDA is 7.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
What is Mattel, Inc.'s ROE?
Mattel, Inc.'s return on equity (ROE) is 17.7%. The historical average is 12.4%.
Is MAT stock overvalued?
Based on historical data, Mattel, Inc. is trading at a P/E of 11.2x. This is at the 4th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Mattel, Inc.'s profit margins?
Mattel, Inc. has 48.9% gross margin and 11.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Mattel, Inc. have?
Mattel, Inc.'s Debt/EBITDA ratio is 3.6x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.