HASBRO, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data HASBRO, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	5,020	5,210	4,580	4,720	5,465	6,420	6,667	5,711	4,746	5,366
Cost of revenue	1,905	2,034	1,851	1,808	1,719	1,928	1,912	1,706	1,180	1,296
Gross profit	3,114	3,176	2,729	2,912	3,747	4,493	4,755	4,005	3,566	4,070
Research and development	266	269	246	262	260	316	308	307	294	386
Selling, general and administrative	1,111	1,125	1,288	1,037	1,252	1,433	1,666	1,480	1,213	1,174
Operating income	788	810	331	652	502	763	408	-1,539	690	11.1
Interest expense	97.4	98.3	90.8	102	201	180	171	186	171	163
Interest income	9.37	22.2	22.4	30.1	7.4	5.4	11.8	23	47.3	28.6
Other non-operating income	-95.6	-24.2	-60.7	-57.8	-180	-181	-146	-170	-193	-113
Pre-tax income	692	786	270	594	322	582	262	-1,709	497	-102
Income tax	159	390	50	73.8	96.7	147	58.5	-221	103	216
Net income to minority interests	-18.2	0	0	0	2.9	6.6	-0.5	1.5	8.8	4.2
Net income	551	397	220	521	223	429	204	-1,489	386	-322
EBITDA	943	982	499	833	767	1,043	640	-1,328	853	147
EPS, basic	4.40	3.17	1.75	4.07	1.62	3.11	1.47	-10.73	2.77	-2.30
EPS, diluted	4.34	3.12	1.74	4.05	1.62	3.10	1.46	-10.73	2.75	-2.30
Shares, basic (weighted)	125	125	126	128	137	138	139	139	139	140
Shares, diluted (weighted)	127	127	127	129	138	138	139	139	140	140
Dividend per share	2.04	2.28	2.52	2.72	2.72	2.72	2.80	2.80	2.10	2.80

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	1,282	1,581	1,182	4,580	1,450	1,019	513	545	695	777
Receivables	1,320	1,405	1,188	1,411	1,392	1,500	1,132	1,029	920	1,060
Inventory	388	433	443	446	396	552	677	332	274	260
Other current assets	238	214	269	310	610	656	677	417	354	382
Total current assets	3,228	3,634	3,083	6,748	3,847	3,728	2,999	2,324	2,243	2,584
Property, plant and equipment	267	260	256	256	297	262	305	334	303	248
Lease right-of-use assets				127	192	159	118	127	119	106
Goodwill	571	573	486	495	3,692	3,420	3,470	2,279	2,278	1,257
Intangible assets	246	217	694	646	1,531	1,172	815	588	518	457
Other non-current assets	780	606	744	585	1,260	1,297	1,589	1,016	999	1,007
Total assets	5,091	5,290	5,263	8,856	10,818	10,038	9,296	6,541	6,340	5,552
Accounts payable	320	348	334	344	426	580	427	341	342	335
Accrued liabilities	776	748	931	913	1,539	1,675	1,507	1,216	1,060	1,039
Deferred revenue			50.8	48.5	161	114	111	102	237	191
Short-term debt	350	0	0	0	433	200	113	500	0	497
Total current liabilities	1,618	1,252	1,274	1,257	2,403	2,456	2,190	2,056	1,401	1,871
Long-term debt	1,199	1,694	1,695	4,046	4,660	3,824	3,711	2,966	3,381	2,768
Lease liabilities				113	163	132	91.9	121	114	101
Other non-current liabilities	389	515	539	557	794	671	533	432	373	348
Total liabilities	3,206	3,460	3,509	5,860	7,857	6,951	6,434	5,454	5,155	4,987
Total debt	1,199	1,694	1,695	4,046	4,660	4,024	3,824	3,466	3,381	3,265
Paid-in capital	985	1,051	1,275	2,276	2,329	2,428	2,541	2,591	2,632	2,695
Retained earnings	4,149	4,260	4,184	4,355	4,204	4,258	4,071	2,188	2,274	1,554
Treasury stock	-3,182	-3,346	-3,515	-3,561	-3,552	-3,535	-3,634	-3,626	-3,613	-3,604
Other comprehensive income	-195	-239	-295	-184	-195	-235	-255	-202	-246	-218
Shareholders' equity	1,863	1,830	1,754	2,996
Minority interests				0	40	37.2	29.1	25.1	27.4	27
Total equity	1,863	1,830	1,755	2,996	2,937	3,063	2,862	1,087	1,185	566
Total liabilities and equity	5,091	5,290	5,263	8,856	10,818	10,038	9,296	6,541	6,340	5,552

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	533	397	220	521	225	435	203	-1,488	394	-318
Depreciation and amortization	154	172	168	181	265	280	233	211	163	136
Stock-based compensation	61.6	56	27.9	28	49.7	97.8	83.4	72.4	50.8	80.4
Deferred income tax	-0.66	112	-11.1	-15	30.3	28.8	-130	-244	-20.6	159
Change in receivables	-150	-50.4	180	-212	211	-160	340	15.5	77.3	-150
Change in inventory	-12.1	-25.3	-37.2	-4.6	62.8	-182	-185	257	22.1	-25.4
Change in payables	246	-80.5	107	62.3	49.3	313	-279	-110	-78.8	-35.1
Cash from operations	817	724	646	653	976	818	373	726	847	893
Capital expenditures	-155	-135	-140	-134	-126	-133	-128	-136	-87.2	-63.3
Acquisitions	-12.4	0	-155	-8.8	-4,413	0	-146	0	0
Sales and maturities of investments		0	0	80	0	0	0	0	583	0
Cash from investing	-138	-131	-286	-60.9	-4,500	242	-313	118	-204	-284
Debt issued	0	494	0	2,355	1,113	144	3.8	2.6	499	0
Debt repaid	0	-350	0	0	-276	-1,220	-206	-360	-581	-118
Stock issued	42.2	0	0	975	0	0	74.2	0
Share buybacks	-150	-151	-250	-61.4	0	0	-125	0	0
Dividends paid	-249	-277	-309	-337	-373	-375	-385	-388	-390	-393
Cash from financing	-375	-312	-737	2,811	406	-1,460	-553	-818	-498	-531
Exchange rate effect	2.11	18.2	-21.3	-4.8	-12.7	-30.6	-12.7	7.2	3.4	4.1
Net change in cash	306	299	-399	3,398	-3,131	-431	-506	32.3	150	81.6
Free cash flow	662	590	506	520	851	685	245	590	760	830
Interest paid	88.5	89.3	82.3	82.2	183	172	162	179	162	158
Income taxes paid	98.9	116	118	103	81.6	161	177	120	92.7	197

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 28, 2026; growth uses fiscal years. Valuation uses the share price of $88.09 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	75.6%	Gross profit / revenue.
Operating margin	20.6%	Operating income / revenue.
EBITDA margin	22.9%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	18.3%	Pre-tax income / revenue.
Net margin	14.1%	Net income / revenue.
FCF margin	21.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	22.9%	Cash from operations / revenue.
Effective tax rate	22.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	13.2%	Net income / average total assets.
R&D / revenue	7.1%	Research and development expense / revenue.
SG&A / revenue	21.7%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.7%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.3%	Capital expenditures / revenue.
D&A / revenue	2.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	13.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-7.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-0.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	14.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-5.1%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	1.7%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-98.4%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-69.9%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-53.3%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-82.8%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-38.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-28.2%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-183.6%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-183.6%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	5.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	33.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-1.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	9.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	50.2%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-0.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	33.3%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	0.6%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-12.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-15.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-12.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.66x	Current assets / current liabilities.
Quick ratio	0.95x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.51x	(Cash + short-term investments) / current liabilities.
Debt / assets	58.6%	Total debt / total assets.
Liabilities / assets	87.9%	Total liabilities / total assets.
Net debt	$2.66B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	2.06x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	6.85x	Operating income / interest expense.
Working capital	$1.13B	Current assets - current liabilities.
Goodwill and intangibles / assets	27.9%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.93x	Revenue / average total assets.
Fixed asset turnover	12.4x	Revenue / average property, plant and equipment.
Inventory turnover	3.89x	Cost of revenue / average inventory.
Days inventory	94 days	365 x average inventory / cost of revenue.
Receivables turnover	7.49x	Revenue / average receivables.
Days sales outstanding	49 days	365 x average receivables / revenue.
Days payables	100 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	43 days	Days inventory + days sales outstanding - days payables.
FCF conversion	152.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	5.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$5.55	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$39.34	Revenue / diluted weighted shares.
FCF per share	$8.48	Free cash flow / diluted weighted shares.
Operating cash flow per share	$9.00	Cash from operations / diluted weighted shares.
Cash per share	$6.15	(Cash + short-term investments) / shares outstanding.
Payout ratio	49.6%	Dividends paid / net income, when net income is positive.
Dividends / FCF	32.5%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$12.42B	Share price x shares outstanding.
Enterprise value	$15.08B	Market cap + total debt - cash - short-term investments.
P/E	15.6x	Market cap / net income. Only when net income is positive.
P/S	2.21x	Market cap / revenue.
P/FCF	10.2x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.64x	Market cap / cash from operations, when positive.
EV/Sales	2.68x	Enterprise value / revenue.
EV/EBIT	13.0x	Enterprise value / operating income, when both are positive.
EV/EBITDA	11.7x	Enterprise value / EBITDA, when both are positive.
EV/FCF	12.4x	Enterprise value / free cash flow, when both are positive.
FCF yield	9.8%	Free cash flow / market cap.
Earnings yield	6.4%	Net income / market cap (the inverse of P/E).
Dividend yield	3.2%	Dividends paid over the period / market cap.
Shareholder yield	3.2%	(Dividends paid + share buybacks) / market cap.

What was HASBRO, INC.'s revenue in fiscal 2025?

HASBRO, INC. reported revenue of $5.37B for fiscal 2025, 13.1% higher than the year before.

Was HASBRO, INC. profitable in fiscal 2025?

No. It reported a net loss of $322.4M.

How much free cash flow did HASBRO, INC. generate in fiscal 2025?

Cash from operations of $893.2M minus capital expenditures of $63.3M left free cash flow of $829.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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