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Designs and markets toys and children's entertainment, including Paw Patrol, Bakugan and Rubik's Cube.
Designs and markets toys and children's entertainment, including Paw Patrol, Bakugan and Rubik's Cube.
Pairs toys with its own children's TV and film shows, such as Paw Patrol, so show success feeds toy sales and licensing income. Sales are highly seasonal, concentrated in the months before the year-end holidays, and pass mostly through a handful of large retailers. It bought educational toymaker Melissa & Doug in 2024.
Moat: narrow (brand, IP / patents). Owns hit entertainment-driven toy brands (Paw Patrol) with strong retail relationships and IP.
Headquarters: Toronto, Canada · Founded: 1994 · Employees: 2,370
Size Spin Master (TOY.TO) is a Canada Consumer Discretionary company (Recreational Products) with a market value of $1.52B, the 205th largest of 420 Canada companies the cockpit tracks. Shares closed at C$21.20 on 6 Nov 2026.
Performance Over six months the shares gained 5.8%, against -2.6% for the median peer and +5.2% for the Canada market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 1.6% over the last twelve months (peer median +7.6%); the operating margin is 9.4% (peer median 8.6%).
Valuation It trades at 9.6× forward earnings against a peer median of 15.8× (3rd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.6 points above its cost of capital (5.6% WACC).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$2.94B | C$2.95B | C$3.10B | C$2.57B | C$2.63B |
| Revenue growth | — | -5% | +21% | -2% | — |
| Gross profit | C$1.53B | C$1.50B | C$1.53B | C$1.37B | C$1.40B |
| EBITDA | C$516M | C$452M | C$456M | C$520M | C$476M |
| Net income | -C$149M | -C$207M | C$112M | C$204M | C$340M |
| Free cash flow | C$551M | C$328M | C$403M | C$269M | C$285M |
| Capital expenditure | C$242M | C$257M | C$161M | C$145M | C$129M |
| Total debt | C$497M | C$629M | C$769M | C$81.9M | C$96.5M |
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 |
|---|---|---|---|---|---|---|
| Spin Master TOY.TO | $1.52B | +6% | -2% | 9% | 9.6× | -11.5% |
| Mattel MAT | $4.39B | 0% | +3% | 9% | 12.8× | 0.2% |
| Hasbro HAS | $16.6B | +22% | +19% | 31% | 17.3× | -9.8% |
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 | TOY.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.5% | +3.7% | 10th lowest of 21 |
| 6-month return | +5.8% | -2.6% | 9th highest of 21 |
| Distance from 52-week high | -12.1% | -19.3% | 7th highest of 21 |
| Revenue growth (TTM) | -1.6% | +7.6% | 4th lowest of 21 |
| Operating margin | 9.4% | 8.6% | 8th highest of 21 |
| Forward P/E | 9.6× | 15.8× | 3rd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -11.5% | 2.5% | 2nd least demanding of 16 |
| Growth delivered (Del g) | +7.0% | +7.9% | 8th lowest of 16 |
| Hurdle (Req g minus delivered) | -18.5 pp | -6.2 pp | 4th least demanding of 16 |
| ROIC minus cost of capital | +3.6 pp | +0.2 pp | 9th highest of 20 |
| EV / EBITDA | 5.0× | 9.1× | 2nd cheapest of 16 |
| Net debt / EBITDA | 0.8× | -0.6× | 4th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Spin Master TOY.TO | Canada | $1.52B | +6% | -2% | 9% | 9.6× | -11.5% | +7.0% |
| Bloks 0325.HK | Hong Kong | $1.56B | -23% | +30% | 21% | 12.4× | -1.0% | +102.8% |
| Sanlorenzo SL.MI | Italy | $1.46B | -7% | +2% | 14% | 11.8× | -2.0% | +13.7% |
| New Gonow Recreational Vehicles 0805.HK | Hong Kong | $1.36B | +491% | +13% | 2% | n/a | n/a | n/a |
| VTech 0303.HK | Hong Kong | $1.72B | -15% | -7% | 9% | 11.9× | -9.7% | -3.0% |
| Yonex 7906.T | Japan | $1.31B | -10% | +15% | 10% | 14.6× | n/a | n/a |
| Mips MIPS.ST | Sweden | $1.24B | +75% | +41% | 37% | 47.3× | 32.9% | +7.9% |
| tonies TNIE.DE | Germany | $1.86B | +24% | +36% | 4% | 37.4× | n/a | n/a |
| Alpha 002292.SZ | China | $2.08B | +13% | +2% | 9% | 72.3× | 28.4% | +0.9% |
| Fusheng Precision 6670.TW | Taiwan | $1.07B | -1% | +1% | 15% | 9.3× | -14.6% | +15.9% |
| GoldLok Holdings (Guangdong) 002348.SZ | China | $1.03B | -38% | +77% | -14% | n/a | n/a | n/a |
| Johnson Health Tech 1736.TW | Taiwan | $1.01B | -12% | +8% | 8% | 8.5× | -8.0% | +13.9% |
| Ferretti YACHT.MI | Italy | $967M | -27% | +1% | 7% | 11.6× | 3.2% | +15.9% |
| Winnebago Industries WGO | United States | $892M | -1% | -3% | 2% | 15.8× | 6.9% | -5.7% |
| Guangzhou Pearl River Piano 002678.SZ | China | $852M | -30% | +14% | -54% | n/a | n/a | n/a |
| Tomy 7867.T | Japan | $2.74B | +89% | +7% | 9% | 20.2× | 2.5% | +13.9% |
| Sturm, Ruger & RGR | United States | $798M | +28% | +8% | 2% | 26.8× | 21.9% | -0.8% |
| Callaway Golf CALY | United States | $3.00B | -4% | -37% | 9% | 18.6× | 2.4% | +5.3% |
| Technogym S.p.A TGYM.MI | Italy | $3.34B | -32% | +10% | 16% | 23.8× | 9.7% | +14.9% |
| Hayward HAYW | United States | $3.38B | +11% | +8% | 22% | 17.9× | 9.9% | +5.1% |
| Yamaha 7951.T | Japan | $3.39B | +7% | +5% | 8% | 15.8× | -1.7% | +4.5% |