Hasbro key statistics and ratios

In fiscal 2025, Hasbro had return on equity of -36.8%, an operating margin of 0.2%, debt equal to 580.4% of equity and a current ratio of 1.38. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Hasbro: financial ratios, annual
Fiscal year	2008Dec 2008	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Gross margin	—	—	—	—	—	—	—	—	68.5%	70.0%	67.4%	65.9%	71.5%	72.4%	74.0%
Operating margin	12.3%	14.5%	14.7%	13.9%	13.5%	11.4%	14.9%	15.6%	9.2%	11.9%	7.0%	−30.8%	16.7%	0.2%	25.8%
Net margin	7.6%	9.2%	9.9%	9.0%	8.2%	7.0%	9.7%	10.2%	4.1%	6.7%	3.5%	−29.8%	9.3%	−6.9%	18.4%
Free-cash-flow margin	11.8%	4.0%	6.4%	6.9%	10.3%	7.1%	8.0%	9.7%	15.6%	10.7%	4.2%	11.8%	18.4%	17.7%	23.7%
Return on equity	22.1%	25.1%	24.8%	25.4%	23.0%	17.9%	26.4%	28.9%	9.7%	14.3%	6.9%	−75.4%	33.9%	−36.8%	127.1%
Return on assets	—	9.6%	10.0%	9.4%	7.9%	6.6%	9.3%	9.8%	2.9%	4.1%	2.1%	−18.8%	6.0%	−5.4%	16.0%
Asset turnover	—	1.04	1.00	1.04	0.97	0.94	0.96	0.96	0.70	0.62	0.61	0.63	0.64	0.79	0.87
Current ratio	—	2.51	3.09	2.39	2.61	1.82	2.47	2.69	1.60	1.52	1.37	1.13	1.60	1.38	1.40
Debt to equity	0.0%	71.9%	87.4%	111.6%	107.5%	82.5%	122.7%	102.9%	174.6%	132.3%	138.6%	320.6%	287.1%	580.4%	376.0%
Interest cover (operating income ÷ interest)	—	—	—	—	—	—	6.8x	7.1x	2.5x	4.2x	2.4x	n/m	4.0x	0.1x	7.8x
Effective tax rate	30.4%	29.2%	21.7%	20.8%	25.9%	19.3%	23.5%	26.0%	30.0%	25.2%	22.4%	—	20.6%	—	20.9%
R&D as % of revenue	4.8%	4.5%	5.0%	4.6%	4.9%	5.1%	5.2%	5.5%	4.7%	4.9%	5.3%	6.1%	7.1%	8.2%	7.8%
SG&A as % of revenue	19.8%	19.5%	19.5%	19.2%	20.7%	21.4%	20.9%	21.6%	22.9%	22.3%	28.4%	29.6%	29.3%	25.0%	24.4%
Capital spending as % of revenue	2.9%	2.6%	2.8%	2.3%	2.7%	2.7%	2.7%	3.2%	2.3%	2.1%	2.2%	2.7%	2.1%	1.3%	1.6%
Free cash flow ÷ net income	155.2%	43.1%	64.2%	77.0%	125.8%	101.0%	82.0%	95.0%	382.2%	159.8%	120.2%	—	197.1%	—	128.3%
Dividends ÷ net income	34.9%	29.7%	33.5%	40.0%	67.1%	54.6%	52.1%	50.0%	167.5%	87.4%	189.3%	—	101.1%	—	41.3%
Dividends and buybacks ÷ free cash flow	98.2%	123.6%	302.5%	194.5%	76.5%	89.8%	198.3%	72.9%	43.8%	54.7%	208.5%	65.8%	51.3%	47.3%	32.2%

US$ thousands unless shown otherwise. Fiscal quarters.

Hasbro: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Gross margin	67.4%	76.9%	77.0%	70.1%	68.7%	76.4%	76.1%	75.9%
Operating margin	5.4%	19.2%	−81.4%	24.6%	20.6%	27.0%	22.2%	32.4%
Net margin	−3.1%	11.1%	−87.3%	16.8%	13.9%	19.8%	14.1%	24.7%
Free-cash-flow margin	21.8%	14.0%	5.6%	18.8%	26.9%	31.5%	21.7%	17.1%
Current ratio	1.60	1.65	1.66	1.70	1.38	1.65	1.66	1.40
Debt to equity	285.3%	278.2%	>999%	765.1%	577.3%	532.8%	484.5%	374.2%
R&D as % of revenue	7.4%	9.1%	7.9%	7.0%	9.0%	7.8%	8.2%	6.5%
SG&A as % of revenue	32.7%	30.4%	28.8%	20.7%	23.1%	25.9%	29.7%	20.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 7 checks passed · September 27, 2026

What it owns · $6.4bn

Short-term assets $3.2bnLonger-term assets $3.2bn

What it owes, and who funded it · $6.4bn

Short-term liabilities $2.3bnLonger-term liabilities $3.2bnShareholders' equity $938m

Short-term assets cover short-term liabilities $3.2bn of assets due within a year against $2.3bn of liabilities due within a year.
Short-term assets cover long-term liabilities $3.2bn short-term assets against $3.2bn of longer-dated liabilities.
More cash than debt $851m of cash against $3.5bn of debt.
Debt below 40% of shareholders' equity Debt is 374% of equity.
Debt burden no higher than five years ago Debt to equity moved from 121% to 374% over five years.
A year's operating cash flow covers at least 20% of debt $1.3bn of operating cash flow against $3.5bn of debt.
Operating profit covers interest at least five times over Operating income of $1.3bn against $171m of interest.

From Hasbro's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

68 /100

Moderate moat

How hard Hasbro's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 20 / 20

Cash operating profit has been a median 31.1% of total assets over 6 years.
Pricing power 20 / 20

Gross margin has been a median 69.1%, moving by 2.5 percentage points (standard deviation) across 6 years.
Durability 3 / 20

Operating margin has been a median 12.1%; its worst year was -13.1%.
Cash conversion 15 / 20

Free cash flow was positive in 10 of 10 years, at a median 10.0% of revenue.
Discipline 16 / 20

The diluted share count rose 2.4% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (73 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: HAS vs MAT BC vs HAS HAS vs PII

More: Leisure Products stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Hasbro's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Hasbro.