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US toy and game maker (Transformers, Monopoly, Nerf, Play-Doh) that also licenses characters and produces digital games.
US toy and game maker (Transformers, Monopoly, Nerf, Play-Doh) that also licenses characters and produces digital games.
Sells toys and games to big retailers ahead of the holiday season, so earnings lean on the fourth quarter, while Wizards of the Coast, which publishes Magic: The Gathering and Dungeons & Dragons, earns from cards, digital games and licences. It sold the eOne film and television business in 2023 to refocus.
Moat: narrow (brand, IP / patents). Decades-old franchises (Transformers, Monopoly, Magic: The Gathering) carry durable brand and licensing value.
Headquarters: Pawtucket, Rhode Island, United States · Founded: 1923 · Employees: 4,520
Size Hasbro (HAS) is a United States Consumer Discretionary company (Recreational Products) with a market value of $16.6B, the 562nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $118.91 on 6 Nov 2026.
Performance Over six months the shares gained 21.6%, against -6.0% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 7 in its peer set.
Growth Revenue grew 18.8% over the last twelve months (peer median +6.8%); the operating margin is 30.7% (peer median 13.1%).
Valuation It trades at 17.3× forward earnings against a peer median of 22.1× (2nd cheapest of 7).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 30.7 points above its cost of capital (6.4% WACC).
Backlog Backlog (remaining performance obligations) was $921M at 27 Sep 2026, down 7% on a year earlier — 0.2 years of trailing revenue. Backlog detail →
Credit Hasbro has 8 bonds outstanding ($3.52B), rated BBB by the agencies and trading like BBB+ at a weighted spread of 92 bp.
Short interest Short interest is 5.7% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.18B | $4.70B | $4.14B | $5.00B | $5.85B |
| Revenue growth | — | +14% | -17% | -15% | — |
| Gross profit | $3.33B | $2.93B | $2.55B | $2.34B | $2.79B |
| EBITDA | $1.74B | $1.23B | $940M | $852M | $1.60B |
| Net income | $955M | -$322M | $386M | -$1.49B | $204M |
| Free cash flow | $1.23B | $830M | $760M | $516M | $199M |
| Capital expenditure | $199M | $198M | $198M | $209M | $174M |
| Total debt | $3.85B | $3.40B | $3.41B | $3.62B | $4.10B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hasbro HAS | $16.6B | +22% | +19% | 31% | 17.3× | -9.8% |
| Mattel MAT | $4.39B | 0% | +3% | 9% | 12.8× | 0.2% |
| Spin Master TOY.TO | $1.52B | +6% | -2% | 9% | 9.6× | -11.5% |
| Build-A-Bear Workshop BBW | $366M | -23% | -1% | 12% | 9.0× | -4.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HAS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +28.6% | +6.9% | highest of 7 |
| 6-month return | +21.6% | -6.0% | 2nd highest of 7 |
| Distance from 52-week high | -4.1% | -29.8% | highest of 7 |
| Revenue growth (TTM) | +18.8% | +6.8% | 2nd highest of 7 |
| Operating margin | 30.7% | 13.1% | 2nd highest of 7 |
| Forward P/E | 17.3× | 22.1× | 2nd cheapest of 7 |
| Growth the price implies (Req g, 7 yrs) | -9.8% | 7.7% | least demanding of 7 |
| Growth delivered (Del g) | -3.0% | +11.0% | 2nd lowest of 7 |
| Hurdle (Req g minus delivered) | -6.8 pp | -1.8 pp | 2nd least demanding of 7 |
| ROIC minus cost of capital | +30.7 pp | +5.6 pp | 2nd highest of 7 |
| EV / EBITDA | 11.0× | 13.3× | 3rd cheapest of 7 |
| Net debt / EBITDA | 1.4× | 0.6× | 3rd most indebted of 7 |
| Bond spread | 92 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hasbro HAS | United States | $16.6B | +22% | +19% | 31% | 17.3× | -9.8% | -3.0% |
| Amer Sports AS | United States | $18.3B | -13% | +30% | 13% | 21.9× | 23.5% | +21.8% |
| Bandai Namco 7832.T | Japan | $26.1B | +76% | +9% | 15% | 25.5× | -0.4% | +12.7% |
| Games Workshop GAW.L | United Kingdom | $7.15B | -17% | +7% | 42% | 25.2× | 11.7% | +12.3% |
| Acushnet GOLF | United States | $4.72B | -12% | +7% | 13% | 20.0× | 3.8% | +9.7% |
| Mattel MAT | United States | $4.39B | 0% | +3% | 9% | 12.8× | 0.2% | +3.1% |
| Thor Industries THO | United States | $4.18B | +5% | 0% | 3% | 22.3× | 16.0% | -4.8% |
Hasbro has 8 bonds outstanding with $3.52B face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 5.65%, a spread of 92 bp over government bonds.
Hasbro reported $921M of remaining performance obligations at 27 Sep 2026, down 7% from a year earlier and down 3% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.