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Hasbro Inc Financials

HAS
Source SEC Filings (10-K/10-Q) Updated Dec 28, 2025 Currency USD FYE December

This page shows Hasbro Inc (HAS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 28 / 100
Financial Profile 28/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
23

Hasbro Inc has an operating margin of 0.2%, meaning the company retains $0 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is down from 14.5% the prior year.

Growth
55

Hasbro Inc's revenue grew 13.1% year-over-year to $5.4B, a solid pace of expansion. This earns a growth score of 55/100.

Leverage
2

Hasbro Inc has elevated debt relative to equity (D/E of 4.89), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 2/100, reflecting increased financial risk.

Liquidity
23

Hasbro Inc's current ratio of 1.38 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.

Cash Flow
64

Hasbro Inc has a free cash flow margin of 15.5%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
0

Hasbro Inc generates a -57.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 32.5% the prior year.

Altman Z-Score Safe
3.05

Hasbro Inc scores 3.05, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($12.7B) relative to total liabilities ($5.0B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
5/9

Hasbro Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
-2.77x

For every $1 of reported earnings, Hasbro Inc generates $-2.77 in operating cash flow ($893.2M OCF vs -$322.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
0.1x

Hasbro Inc earns $0.1 in operating income for every $1 of interest expense ($11.1M vs $163.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$5.4B
YoY+13.1%
5Y CAGR-0.4%
10Y CAGR+10.5%

Hasbro Inc generated $5.4B in revenue in fiscal year 2025. This represents an increase of 13.1% from the prior year.

EBITDA
$146.6M
YoY-82.8%
5Y CAGR-28.2%
10Y CAGR-16.1%

Hasbro Inc's EBITDA was $146.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 82.8% from the prior year.

Net Income
-$322.4M
YoY-183.6%

Hasbro Inc reported -$322.4M in net income in fiscal year 2025. This represents a decrease of 183.6% from the prior year.

EPS (Diluted)
$-2.30
YoY-183.6%

Hasbro Inc earned $-2.30 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 183.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$829.9M
YoY+9.2%
5Y CAGR-0.5%
10Y CAGR+6.8%

Hasbro Inc generated $829.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 9.2% from the prior year.

Cash & Debt
$776.6M
YoY+11.7%
5Y CAGR-11.7%
10Y CAGR-2.3%

Hasbro Inc held $776.6M in cash against $2.8B in long-term debt as of fiscal year 2025.

Dividends Per Share
$2.80
YoY+33.3%
5Y CAGR+0.6%
10Y CAGR+4.3%

Hasbro Inc paid $2.80 per share in dividends in fiscal year 2025. This represents an increase of 33.3% from the prior year.

Shares Outstanding
141M
YoY+0.8%
5Y CAGR+0.5%
10Y CAGR+1.2%

Hasbro Inc had 141M shares outstanding in fiscal year 2025. This represents an increase of 0.8% from the prior year.

Margins & Returns

Gross Margin
75.8%
YoY+0.7pp
5Y CAGR+7.3pp
10Y CAGR+60.9pp

Hasbro Inc's gross margin was 75.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.

Operating Margin
0.2%
YoY-14.3pp
5Y CAGR-9.0pp
10Y CAGR-34.9pp

Hasbro Inc's operating margin was 0.2% in fiscal year 2025, reflecting core business profitability. This is down 14.3 percentage points from the prior year.

Net Margin
-6.0%
YoY-14.1pp
5Y CAGR-10.1pp
10Y CAGR-28.9pp

Hasbro Inc's net profit margin was -6.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 14.1 percentage points from the prior year.

Return on Equity
-57.0%
YoY-89.6pp
5Y CAGR-64.6pp
10Y CAGR-84.2pp

Hasbro Inc's ROE was -57.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 89.6 percentage points from the prior year.

Capital Allocation

R&D Spending
$385.6M
YoY+31.1%
5Y CAGR+8.2%
10Y CAGR+4.7%

Hasbro Inc invested $385.6M in research and development in fiscal year 2025. This represents an increase of 31.1% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$63.3M
YoY-27.4%
5Y CAGR-12.8%
10Y CAGR-7.8%

Hasbro Inc invested $63.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 27.4% from the prior year.

HAS Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $1.6B+2.9% $1.6B+40.2% $1.1B+12.7% $1.0B-20.2% $1.3B-14.3% $1.5B+28.8% $1.1B+31.0% $872.2M
Cost of Revenue $452.1M+9.1% $414.3M+83.9% $225.3M+10.2% $204.5M-43.0% $358.7M-5.3% $378.9M+59.4% $237.7M+16.4% $204.2M
Gross Profit $1.2B+0.7% $1.2B+29.4% $908.6M+13.3% $801.6M-11.1% $901.7M-17.4% $1.1B+20.8% $904.5M+35.4% $668.0M
R&D Expenses $130.0M+33.2% $97.6M+25.9% $77.5M-3.7% $80.5M-1.7% $81.9M+7.3% $76.3M+8.4% $70.4M+7.5% $65.5M
SG&A Expenses $334.2M+16.3% $287.3M+1.6% $282.8M+4.9% $269.6M-25.2% $360.6M+20.5% $299.3M-6.0% $318.5M+35.6% $234.8M
Operating Income $297.5M-12.8% $341.1M+142.7% -$798.2M-567.6% $170.7M+185.5% $59.8M-80.2% $301.9M+42.3% $212.1M+82.5% $116.2M
Interest Expense $40.4M-1.0% $40.8M+0.5% $40.6M-2.4% $41.6M-4.4% $43.5M-5.8% $46.2M+7.4% $43.0M+11.7% $38.5M
Income Tax $67.8M-4.9% $71.3M+78.3% $40.0M+7.8% $37.1M+220.8% -$30.7M-145.8% $67.0M+50.9% $44.4M+102.7% $21.9M
Net Income $201.6M-13.6% $233.2M+127.2% -$855.8M-968.0% $98.6M+387.5% -$34.3M-115.4% $223.2M+61.2% $138.5M+138.0% $58.2M
EPS (Diluted) N/A $1.64+126.9% $-6.10-971.4% $0.70 N/A $1.59+60.6% $0.99+135.7% $0.42

HAS Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $5.6B+0.5% $5.5B+6.7% $5.2B-14.3% $6.0B-4.7% $6.3B-12.3% $7.2B+5.3% $6.9B+10.7% $6.2B
Current Assets $2.6B+7.2% $2.4B+18.1% $2.0B+6.7% $1.9B-14.7% $2.2B-25.8% $3.0B+13.0% $2.7B+34.0% $2.0B
Cash & Equivalents $776.6M+25.1% $620.9M+13.5% $546.9M-11.9% $621.1M-10.6% $695.0M-0.2% $696.1M+11.1% $626.8M+9.9% $570.2M
Inventory $259.8M-34.5% $396.7M-4.9% $417.1M+41.0% $295.8M+7.9% $274.2M-27.0% $375.4M+5.0% $357.6M+6.4% $336.2M
Accounts Receivable $1.1B+6.5% $995.2M+38.6% $717.8M+9.3% $656.6M-28.6% $919.8M-14.0% $1.1B+35.5% $789.0M+24.7% $632.5M
Goodwill $1.3B0.0% $1.3B0.0% $1.3B-44.8% $2.3B0.0% $2.3B0.0% $2.3B0.0% $2.3B0.0% $2.3B
Total Liabilities $5.0B-2.0% $5.1B+3.7% $4.9B+1.3% $4.8B-6.1% $5.2B-12.9% $5.9B+4.0% $5.7B+10.0% $5.2B
Current Liabilities $1.9B+32.4% $1.4B+15.1% $1.2B+6.2% $1.2B-17.5% $1.4B-31.7% $2.1B+12.2% $1.8B+2.1% $1.8B
Long-Term Debt $2.8B-16.6% $3.3B-0.1% $3.3B-0.3% $3.3B-1.5% $3.4B-2.4% $3.5B0.0% $3.5B+16.7% $3.0B
Total Equity $565.5M+30.4% $433.8M+60.8% $269.7M-77.5% $1.2B+1.1% $1.2B-9.5% $1.3B+11.7% $1.2B+13.9% $1.0B
Retained Earnings $1.6B+7.0% $1.5B+10.1% $1.3B-42.0% $2.3B0.0% $2.3B-5.6% $2.4B+5.4% $2.3B+6.4% $2.1B

HAS Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $403.2M+43.7% $280.6M+293.5% $71.3M-48.4% $138.1M-46.8% $259.8M+16.8% $222.5M+18.8% $187.3M+5.3% $177.8M
Capital Expenditures $13.7M-30.5% $19.7M+22.4% $16.1M+16.7% $13.8M-28.5% $19.3M+4.9% $18.4M-32.8% $27.4M+24.0% $22.1M
Free Cash Flow $389.5M+49.3% $260.9M+372.6% $55.2M-55.6% $124.3M-48.3% $240.5M+17.8% $204.1M+27.6% $159.9M+2.7% $155.7M
Investing Cash Flow -$92.6M+9.7% -$102.6M-178.8% -$36.8M+29.8% -$52.4M-112.1% $431.7M+819.5% -$60.0M+88.6% -$527.3M-996.3% -$48.1M
Financing Cash Flow -$156.2M-55.4% -$100.5M+10.4% -$112.2M+30.9% -$162.4M+76.4% -$688.3M-604.5% -$97.7M-124.6% $397.4M+464.9% -$108.9M
Dividends Paid $98.3M+0.1% $98.2M+0.1% $98.1M+0.2% $97.9M+0.2% $97.7M+0.1% $97.6M+0.2% $97.4M+0.2% $97.2M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

HAS Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 72.4%-1.6pp 74.0%-6.2pp 80.1%+0.5pp 79.7%+8.1pp 71.5%-2.7pp 74.2%-5.0pp 79.2%+2.6pp 76.6%
Operating Margin 18.2%-3.3pp 21.4%+91.8pp -70.4%-87.4pp 17.0%+12.2pp 4.7%-15.8pp 20.5%+1.9pp 18.6%+5.2pp 13.3%
Net Margin 12.3%-2.3pp 14.7%+90.1pp -75.5%-85.3pp 9.8%+12.5pp -2.7%-17.9pp 15.2%+3.0pp 12.1%+5.5pp 6.7%
Return on Equity 35.6%-18.1pp 53.8%+371.1pp -317.3%-325.6pp 8.2%+11.1pp -2.9%-19.9pp 17.0%+5.2pp 11.8%+6.2pp 5.7%
Return on Assets 3.6%-0.6pp 4.2%+20.8pp -16.5%-18.2pp 1.6%+2.2pp -0.5%-3.6pp 3.1%+1.1pp 2.0%+1.1pp 0.9%
Current Ratio 1.38-0.3 1.70+0.0 1.660.0 1.65+0.1 1.60+0.1 1.47+0.0 1.46+0.3 1.11
Debt-to-Equity 4.89-2.8 7.65-4.7 12.31+9.5 2.78-0.1 2.85+0.2 2.64-0.3 2.95+0.1 2.88
FCF Margin 23.8%+7.4pp 16.4%+11.5pp 4.9%-7.5pp 12.3%-6.7pp 19.1%+5.2pp 13.9%-0.1pp 14.0%-3.8pp 17.8%

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Frequently Asked Questions

Hasbro Inc (HAS) reported $5.4B in total revenue for fiscal year 2025. This represents a 13.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Hasbro Inc (HAS) revenue grew by 13.1% year-over-year, from $4.7B to $5.4B in fiscal year 2025.

No, Hasbro Inc (HAS) reported a net income of -$322.4M in fiscal year 2025, with a net profit margin of -6.0%.

Hasbro Inc (HAS) reported diluted earnings per share of $-2.30 for fiscal year 2025. This represents a -183.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Hasbro Inc (HAS) had EBITDA of $146.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Hasbro Inc (HAS) had $776.6M in cash and equivalents against $2.8B in long-term debt.

Hasbro Inc (HAS) had a gross margin of 75.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Hasbro Inc (HAS) had an operating margin of 0.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Hasbro Inc (HAS) had a net profit margin of -6.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Hasbro Inc (HAS) paid $2.80 per share in dividends during fiscal year 2025.

Hasbro Inc (HAS) has a return on equity of -57.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Hasbro Inc (HAS) generated $829.9M in free cash flow during fiscal year 2025. This represents a 9.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Hasbro Inc (HAS) generated $893.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Hasbro Inc (HAS) had $5.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Hasbro Inc (HAS) invested $63.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Hasbro Inc (HAS) invested $385.6M in research and development during fiscal year 2025.

Hasbro Inc (HAS) had 141M shares outstanding as of fiscal year 2025.

Hasbro Inc (HAS) had a current ratio of 1.38 as of fiscal year 2025, which is considered adequate.

Hasbro Inc (HAS) had a debt-to-equity ratio of 4.89 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Hasbro Inc (HAS) had a return on assets of -5.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Hasbro Inc (HAS) has an Altman Z-Score of 3.05, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Hasbro Inc (HAS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Hasbro Inc (HAS) has an earnings quality ratio of -2.77x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Hasbro Inc (HAS) has an interest coverage ratio of 0.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Hasbro Inc (HAS) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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