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Hasbro (HAS) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Consumer Cyclical•Leisure
C
AverageMetricSide Score: 43/100
ProfitabilityProfit20/30
GrowthGrowth9/25
Balance SheetBalance3/25
Cash QualityCash11/20
Price & Volume
Market Cap $11.29B

Hasbro, Inc. operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company offers trading cards and collectibles, action figures, arts and crafts and creative play products, dolls, play sets, preschool toys, plush products, vehicles and toy-related specialty products, sports action products and accessories, and other consumer products; and licensed products, such as apparel, publishing products, home goods and electronics, and toy products. It also engages in the sourcing, marketing, and sale of toy and game products; and promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparel. In addition, the company is involved in the promotion of its brands through the development of trading cards, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast games; and license certain brands to other third-party digital game developers who transform Hasbro brand-based characters and other intellectual properties, into digital gaming experiences. Further, it develops and produces of Hasbro-branded entertainment content, including film, television, children's programming, digital content, and live entertainment. The company sells its products to retailers, distributors, wholesalers, discount stores, specialty hobby stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as ecommerce retailers under the MAGIC: THE GATHERING, MONOPOLY, HASBRO GAMES, PLAY-DOH, TRANSFORMERS, DUNGEONS & DRAGONS, NERF, and PEPPA PIG, as well as LUCASFILMS' STAR WARS, BEYBLADE, Final Fantasy, The Lord of the Rings, Fallout, SPIDER-MAN, and THE AVENGERS brands. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island.

Moat Signals

Competitive analysis based on 62 quarters of fundamental data

Pricing Power

Weak Moat

Operating margins are under pressure, averaging 7.4%. The business may lack pricing power or face rising costs.'

Competitive Advantage

Weak Moat

ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.

Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Moderate Moat

Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.

Risk Signals

Data-driven red flags and warnings across 62 quarters

Some Concerns

Margin Pressure

Red Flag

Operating margins dropped 109.9% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Healthy

FCF covers net income by -0.2x on average — earnings are well-supported by cash generation.

Leverage Risk

Red Flag

D/E ratio is 4.6 — dangerously high. The company is heavily leveraged and vulnerable to rising rates or cash flow dips.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$5.47B
9.6%
Q. Revenue
$1.11B
TTM EBITDA
$237.90M
73.7%
TTM Op. Income
$110.70M
85.1%
Q. Op. Income
$270.30M
TTM Net Income
$-222.60M
152.3%
Q. Net Income
$198.40M
EPS
$1.41
Shares Out.
$140.80M
0.7%
$5.47B in TTM revenue grew 9.6% YoY, reaching $1.11B last quarter. TTM EBITDA of $237.90M and TTM operating income of $110.70M shows growth is flowing through. However, net income is negative at $222.60M — growth is not yet reaching the bottom line. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
78.8%
1.1%
EBITDA Margin
26.6%
Op. Margin
24.3%
43.1%
Net Margin
17.8%
81.9%
Op. margin of 24.3% is up 7.3% YoY — cost efficiency is improving. Net margin at 17.8% and gross margin of 78.8% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
2.1x
P/B Ratio
16.7x
P/S of 2.1x and P/B of 16.7x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$5.93B
Cash
$857.10M
Long-Term Debt
$3.09B
Book Value
$674.20M
D/E Ratio
4.6
Debt/EBITDA
10.4
With $5.93B in assets and $3.09B in long-term debt, the D/E of 4.6and book value of $674.20M — indicates elevated leverage — the company has significant financial risk and may struggle in a downturn.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$337.70M
Free Cash Flow
$315.50M
153.8%
FCF Margin
5.8%
FCF / Net Income
1.6
FCF of $315.50M on $337.70M in operating cash flow. The FCF / Net Income ratio of -1.4x shows cash consumption — the business is not yet self-funding.

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