Hasbro vs Polaris
Polaris is the larger business, with $7.15bn of revenue in fiscal 2025 against $4.70bn for Hasbro (1.5 times as much). Hasbro grew faster (13.7% against -0.3%). Polaris kept more of each dollar of sales as profit: a net margin of -6.5% against -6.9%. Polaris carries less debt relative to equity (185.8% against 580.4%).
| Latest fiscal year | HasbroHAS, 2025 | PolarisPII, 2025 |
|---|---|---|
| Revenue | $4.70bn | $7.15bn |
| Revenue growth | 13.7% | -0.3% |
| Net income | −$322m | −$466m |
| Operating margin | 0.2% | -4.9% |
| Net margin | -6.9% | -6.5% |
| Return on equity | -36.8% | -44.0% |
| Free cash flow | $830m | $558m |
| Cash | $777m | $138m |
| Total debt | $3.28bn | $1.54bn |
| Debt to equity | 580.4% | 185.8% |
| Dividend per share | $2.80 | $2.68 |
| Dividend yield | 2.3% | 4.3% |
| Share buybacks | — | $2.4m |
| Employees | 4,520 | 14,500 |
| Market value | $16.80bn | $3.58bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 68 (Moderate) | 54 (Moderate) |
| Insider trades, 12 months | 0 buys, 22 sales | 0 buys, 8 sales |