NASDAQ : MAT
Mattel, Inc. — Financial statements
Consumer Discretionary · Leisure · United States
Last price 15.42 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.41B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Mattel, Inc. (MAT) reported revenue of 5.49B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.49B | 5.35B | 5.38B | 5.44B | 5.43B | 5.46B |
| Cost of Revenue | 2.88B | 2.73B | 2.64B | 2.86B | 2.94B | 2.83B |
| Gross Profit | 2.61B | 2.61B | 2.74B | 2.58B | 2.49B | 2.63B |
| Selling, General & Admin | 2.14B | 2.03B | 2.00B | 1.96B | 1.79B | 1.88B |
| Operating Expenses | 2.14B | 2.03B | 2.00B | 1.96B | 1.79B | 1.88B |
| Operating Income | 477.14M | 586.87M | 737.69M | 617.64M | 704.51M | 748.39M |
| Interest Expense | -122.93M | -118.68M | -118.77M | -123.79M | -132.82M | -253.94M |
| Interest & Investment Income | 34.39M | 45.02M | 51.48M | 25.24M | 9.40M | 3.50M |
| Earnings From Equity Investments | 16.41M | 27.87M | 24.94M | 18.42M | 25.43M | 11.84M |
| Currency Exchange Gain (Loss) | -1.02M | -7.93M | 5.07M | 1.54M | 33.82M | -8.22M |
| Other Non Operating Income (Expenses) | 3.42M | 1.06M | -3.81M | 4.47M | -29.50M | 16.18M |
| EBT Excluding Unusual Items | 407.42M | 534.21M | 696.60M | 543.53M | 610.83M | 517.76M |
| Merger & Restructuring Charges | -49.04M | -46.85M | -49.16M | -59.70M | -36.70M | -35.15M |
| Gain (Loss) on Sale of Assets | -45.37M | |||||
| Legal Settlements | 1.00M | |||||
| Other Unusual Items | -7.00M | |||||
| Pretax Income | 499.27M | 487.36M | 647.44M | 483.83M | 529.76M | 482.61M |
| Income Tax Expense | 71.91M | 89.77M | 105.63M | 269.48M | 135.85M | -420.38M |
| Net Income | 427.37M | 397.58M | 541.82M | 214.35M | 393.91M | 902.99M |
| Net Income to Common | 427.37M | 397.58M | 541.82M | 214.35M | 393.91M | 902.99M |
| Shares Outstanding (Basic) | 302.01M | 318.16M | 340.44M | 353.59M | 353.79M | 350.01M |
| Shares Outstanding (Diluted) | 305.39M | 321.79M | 343.34M | 357.11M | 359.61M | 357.25M |
| EPS (Basic) | 1.42 | 1.25 | 1.59 | 0.61 | 1.11 | 2.58 |
| EPS (Diluted) | 1.40 | 1.24 | 1.58 | 0.60 | 1.10 | 2.53 |
| Free Cash Flow | 434.61M | 411.26M | 597.95M | 709.49M | 256.34M | 334.11M |
| Free Cash Flow Per Share | 1.42 | 1.28 | 1.74 | 1.99 | 0.71 | 0.94 |
| Gross Margin | 47.60% | 48.87% | 50.90% | 47.46% | 45.86% | 48.18% |
| Operating Margin | 8.69% | 10.97% | 13.71% | 11.35% | 12.96% | 13.71% |
| Profit Margin | 7.79% | 7.43% | 10.07% | 3.94% | 7.25% | 16.55% |
| Free Cash Flow Margin | 7.92% | 7.69% | 11.12% | 13.04% | 4.72% | 6.12% |
| EBITDA | 653.44M | 754.85M | 905.66M | 794.98M | 886.69M | 932.70M |
| EBITDA Margin | 11.90% | 14.12% | 16.84% | 14.61% | 16.31% | 17.09% |
| D&A For EBITDA | 176.30M | 167.99M | 167.96M | 177.34M | 182.18M | 184.31M |
| EBIT | 477.14M | 586.87M | 737.69M | 617.64M | 704.51M | 748.39M |
| EBIT Margin | 8.69% | 10.97% | 13.71% | 11.35% | 12.96% | 13.71% |
| Effective Tax Rate | 14.40% | 18.42% | 16.31% | 55.70% | 25.64% | |
| Advertising Expenses | 522.00M | 507.32M | 524.79M | 534.25M | 545.67M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 523.86M | 1.24B | 1.39B | 1.26B | 761.24M | 731.36M |
| Cash & Short-Term Investments | 523.86M | 1.24B | 1.39B | 1.26B | 761.24M | 731.36M |
| Receivables | 820.32M | 1.10B | 1.00B | 1.08B | 860.22M | 1.07B |
| Inventory | 829.80M | 563.14M | 501.73M | 571.61M | 894.06M | 777.18M |
| Prepaid Expenses | 268.46M | 225.79M | 214.84M | 204.77M | 197.45M | 276.22M |
| Other Current Assets | 10.99M | 1.32M | 19.26M | 2.78M | 16.06M | 17.07M |
| Total Current Assets | 2.45B | 3.13B | 3.13B | 3.12B | 2.73B | 2.87B |
| Property, Plant & Equipment | 1.02B | 909.56M | 842.44M | 778.71M | 787.81M | 781.45M |
| Goodwill | 1.58B | 1.39B | 1.38B | 1.38B | 1.38B | 1.39B |
| Other Intangible Assets | 471.71M | 337.11M | 360.56M | 393.04M | 425.10M | 476.86M |
| Long-Term Deferred Tax Assets | 332.17M | 312.91M | 296.86M | 299.16M | 471.67M | 526.91M |
| Other Long-Term Assets | 497.10M | 559.84M | 535.58M | 458.05M | 385.49M | 343.94M |
| Total Assets | 6.36B | 6.64B | 6.54B | 6.44B | 6.18B | 6.39B |
| Accounts Payable | 448.04M | 555.40M | 398.98M | 442.29M | 471.48M | 579.15M |
| Accrued Expenses | 630.25M | 774.61M | 801.68M | 781.06M | 593.48M | 914.31M |
| Current Portion of Leases | 77.67M | 83.24M | 74.75M | 77.25M | 75.30M | 73.75M |
| Current Income Taxes Payable | 7.06M | 29.85M | 38.03M | 33.91M | 37.58M | 27.51M |
| Other Current Liabilities | 12.69M | 15.08M | 2.27M | 7.97M | 9.91M | 3.53M |
| Total Current Liabilities | 1.29B | 1.46B | 1.32B | 1.34B | 1.19B | 1.60B |
| Long-Term Debt | 2.33B | 2.33B | 2.33B | 2.33B | 2.33B | 2.57B |
| Long-Term Leases | 334.75M | 268.35M | 278.17M | 259.55M | 271.42M | 283.63M |
| Pension & Post-Retirement Benefits | 89.56M | 113.77M | 128.60M | 155.46M | ||
| Long-Term Deferred Tax Liabilities | 39.97M | 44.36M | 56.11M | 55.20M | 39.99M | |
| Other Long-Term Liabilities | 400.46M | 219.60M | 193.59M | 298.49M | 152.78M | 176.72M |
| Total Liabilities | 4.36B | 4.41B | 4.28B | 4.29B | 4.12B | 4.83B |
| Common Stock | 441.37M | 441.37M | 441.37M | 441.37M | 441.37M | 441.37M |
| Additional Paid-In Capital | 1.74B | 1.79B | 1.78B | 1.77B | 1.81B | 1.83B |
| Retained Earnings | 4.04B | 4.00B | 3.60B | 3.06B | 2.85B | 2.46B |
| Treasury Stock | -3.35B | -3.11B | -2.57B | -2.22B | -2.13B | -2.22B |
| Comprehensive Income & Other | -879.90M | -890.57M | -994.45M | -904.97M | -911.48M | -941.27M |
| Shareholders' Equity | 2.00B | 2.23B | 2.26B | 2.15B | 2.06B | 1.57B |
| Total Liabilities & Equity | 6.36B | 6.64B | 6.54B | 6.44B | 6.18B | 6.39B |
| Total Debt | 2.75B | 2.68B | 2.69B | 2.67B | 2.67B | 2.93B |
| Net Cash (Debt) | -2.22B | -1.44B | -1.30B | -1.41B | -1.91B | -2.20B |
| Net Cash Per Share | -7.28 | -4.48 | -3.78 | -3.94 | -5.31 | -6.15 |
| Filing Date Shares Outstanding | 285.70M | 302.20M | 330.20M | 344.00M | 355.71M | 352.24M |
| Total Common Shares Outstanding | 285.70M | 301.40M | 330.00M | 348.50M | 354.40M | 350.70M |
| Working Capital | 1.16B | 1.67B | 1.81B | 1.78B | 1.54B | 1.28B |
| Book Value Per Share | 6.99 | 7.41 | 6.86 | 6.17 | 5.80 | 4.47 |
| Tangible Book Value | -55.96M | 505.77M | 521.84M | 371.66M | 252.62M | -298.22M |
| Tangible Book Value Per Share | -0.20 | 1.68 | 1.58 | 1.07 | 0.71 | -0.85 |
| Land | 48.16M | 48.73M | 42.58M | 19.84M | 18.05M | 21.81M |
| Buildings | 384.13M | 372.97M | 350.92M | 313.75M | 303.83M | 317.11M |
| Machinery | 1.10B | 1.09B | 1.08B | 1.12B | 1.16B | 1.30B |
| Construction In Progress | 110.48M | 93.34M | 62.13M | 48.48M | 79.74M | 55.56M |
| Leasehold Improvements | 117.66M | 109.26M | 107.14M | 121.57M | 104.14M | 115.84M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 427.37M | 397.58M | 541.82M | 214.35M | 393.91M | 902.99M |
| Depreciation & Amortization | 176.30M | 167.99M | 167.96M | 177.34M | 182.18M | 184.31M |
| Other Amortization | 21.19M | 50.25M | 77.99M | 51.84M | 56.04M | 47.37M |
| Loss (Gain) From Sale of Assets | -26.91M | -23.82M | ||||
| Loss (Gain) on Equity Investments | -16.41M | -27.87M | -24.94M | -18.42M | -25.43M | -11.84M |
| Stock-Based Compensation | 74.00M | 79.72M | 79.43M | 83.33M | 69.07M | 60.08M |
| Provision & Write-off of Bad Debts | 18.28M | 1.20M | ||||
| Other Operating Activities | 18.61M | 18.96M | 24.92M | 240.13M | 179.79M | -341.57M |
| Change in Accounts Receivable | -4.71M | -60.49M | 21.37M | -198.32M | 197.90M | -85.60M |
| Change in Inventory | -20.09M | -56.63M | -24.52M | 261.31M | -203.52M | -330.90M |
| Change in Accounts Payable | 109.39M | 65.43M | 49.59M | 135.77M | -341.61M | 208.72M |
| Change in Other Net Operating Assets | 28.68M | -41.67M | -113.06M | -77.54M | -56.87M | -125.47M |
| Operating Cash Flow | 666.39M | 593.25M | 800.57M | 869.79M | 442.84M | 485.46M |
| Capital Expenditures | -231.78M | -181.99M | -202.62M | -160.30M | -186.50M | -151.35M |
| Sale of Property, Plant & Equipment | 38.15M | 43.65M | ||||
| Cash Acquisitions | -74.84M | |||||
| Other Investing Activities | 11.01M | 27.06M | 13.58M | 17.88M | 4.13M | 2.61M |
| Investing Cash Flow | -295.61M | -154.93M | -189.04M | -142.42M | -144.22M | -105.10M |
| Long-Term Debt Issued | 592.38M | 1.18B | ||||
| Total Debt Issued | 592.38M | 592.38M | 1.18B | |||
| Short-Term Debt Repaid | -969.00K | |||||
| Long-Term Debt Repaid | -600.00M | -250.00M | -1.58B | |||
| Total Debt Repaid | -600.00M | -600.00M | -250.00M | -1.58B | ||
| Net Debt Issued (Repaid) | -7.62M | -7.62M | -250.00M | -392.05M | ||
| Issuance of Common Stock | 8.41M | 9.80M | 6.34M | 26.74M | 27.75M | 12.13M |
| Repurchase of Common Stock | -715.78M | -616.86M | -419.66M | -238.12M | -30.44M | -19.99M |
| Other Financing Activities | -6.24M | -5.89M | -36.03M | -15.19M | -7.95M | -2.17M |
| Financing Cash Flow | -721.22M | -620.57M | -449.35M | -226.57M | -260.64M | -402.07M |
| Foreign Exchange Rate Adjustments | 3.85M | 37.26M | -35.63M | -678.00K | -8.11M | -9.11M |
| Net Cash Flow | -346.60M | -144.98M | 126.55M | 500.13M | 29.87M | -30.82M |
| Free Cash Flow | 434.61M | 411.26M | 597.95M | 709.49M | 256.34M | 334.11M |
| Free Cash Flow Margin | 7.92% | 7.69% | 11.12% | 13.04% | 4.72% | 6.12% |
| Free Cash Flow Per Share | 1.42 | 1.28 | 1.74 | 1.99 | 0.71 | 0.94 |
| Levered Free Cash Flow | 425.32M | 393.69M | 607.30M | 720.46M | 241.41M | 290.42M |
| Unlevered Free Cash Flow | 502.15M | 467.87M | 681.53M | 797.83M | 324.42M | 449.13M |
| Cash Interest Paid | 115.80M | 115.80M | 114.28M | 117.70M | 129.22M | 210.14M |
| Cash Income Tax Paid | 107.85M | 107.85M | 100.30M | 93.60M | 89.62M | 93.13M |
| Change in Working Capital | 113.27M | -93.37M | -66.61M | 121.21M | -404.10M | -333.25M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.41B | 6.17B | 5.97B | 6.67B | 6.32B | 7.55B |
| Enterprise Value | 6.63B | 8.15B | 7.89B | 8.85B | 8.90B | 10.46B |
| Last Close Price | 15.42 | 19.84 | 17.73 | 18.88 | 17.84 | 21.56 |
| PE Ratio | 11.02 | 15.51 | 11.02 | 31.11 | 16.05 | 8.37 |
| Forward PE | 10.73 | 11.55 | 12.21 | 14.32 | 11.85 | 16.92 |
| PS Ratio | 0.80 | 1.15 | 1.11 | 1.23 | 1.16 | 1.38 |
| PB Ratio | 2.20 | 2.76 | 2.64 | 3.10 | 3.08 | 4.82 |
| P/TBV Ratio | 12.19 | 11.45 | 17.94 | 25.03 | ||
| P/FCF Ratio | 10.14 | 14.99 | 9.99 | 9.40 | 24.66 | 22.61 |
| P/OCF Ratio | 6.61 | 10.39 | 7.46 | 7.67 | 14.28 | 15.56 |
| PEG Ratio | 2.12 | 0.92 | 1.51 | 0.96 | 0.43 | |
| EV/Sales Ratio | 1.21 | 1.52 | 1.47 | 1.63 | 1.64 | 1.92 |
| EV/EBITDA Ratio | 10.14 | 10.80 | 8.71 | 11.14 | 10.03 | 11.21 |
| EV/EBIT Ratio | 13.89 | 13.89 | 10.69 | 14.33 | 12.63 | 13.98 |
| EV/FCF Ratio | 15.25 | 19.82 | 13.19 | 12.48 | 34.70 | 31.31 |
| Debt / Equity Ratio | 1.37 | 1.20 | 1.19 | 1.24 | 1.30 | 1.87 |
| Debt / EBITDA Ratio | 3.46 | 3.01 | 2.59 | 2.89 | 2.60 | 2.74 |
| Debt / FCF Ratio | 6.32 | 6.52 | 4.49 | 3.76 | 10.43 | 8.77 |
| Net Debt / Equity Ratio | 1.11 | 0.65 | 0.57 | 0.65 | 0.93 | 1.40 |
| Net Debt / EBITDA Ratio | 3.40 | 1.91 | 1.44 | 1.77 | 2.15 | 2.36 |
| Net Debt / FCF Ratio | 5.11 | 3.50 | 2.17 | 1.98 | 7.46 | 6.58 |
| Asset Turnover | 0.87 | 0.81 | 0.83 | 0.86 | 0.86 | 0.92 |
| Inventory Turnover | 3.39 | 5.13 | 4.92 | 3.90 | 3.52 | 4.33 |
| Quick Ratio | 1.04 | 1.60 | 1.82 | 1.75 | 1.36 | 1.13 |
| Current Ratio | 1.90 | 2.15 | 2.38 | 2.33 | 2.30 | 1.80 |
| Return on Equity (ROE) | 20.50% | 17.68% | 24.55% | 10.19% | 21.73% | 82.88% |
| Return on Assets (ROA) | 4.73% | 5.56% | 7.10% | 6.12% | 7.00% | 7.84% |
| Return on Invested Capital (ROIC) | 10.04% | 13.23% | 17.35% | 7.27% | 13.55% | 22.02% |
| Return on Capital Employed (ROCE) | 9.40% | 11.30% | 14.10% | 12.10% | 14.10% | 15.60% |
| Earnings Yield | 9.07% | 6.45% | 9.07% | 3.21% | 6.23% | 11.96% |
| FCF Yield | 9.87% | 6.67% | 10.01% | 10.64% | 4.05% | 4.42% |
| Buyback Yield / Dilution | 8.54% | 6.28% | 3.86% | 0.69% | -0.66% | -2.33% |
| Total Shareholder Return | 8.54% | 6.28% | 3.86% | 0.69% | -0.66% | -2.33% |