Hasbro, Inc.HAS
NasdaqGS•Consumer Cyclical•Leisure
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.
Hasbro, Inc. (HAS) reported trailing twelve months revenue of $5.47B as of March 2026, a 9.6% increase year-over-year. Quarterly revenue reached $1.11B, reflecting continued top-line momentum.
Hasbro, Inc. reported a TTM net loss of $222.60M, with quarterly EBITDA of $296.20M. The operating margin expanded from 17.0% to 24.3%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (24.3%) and net margin (17.8%) indicates moderate non-operating costs. Net margin has improved from 9.8% a year ago, signaling stronger bottom-line efficiency.
HAS trades at a P/S of 2.2x. The price-to-book ratio of 17.5x indicates a significant premium over book value.
The company generated $315.50M in free cash flow over the trailing twelve months, a 153.8% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $5.93B in total assets with $3.09B in long-term debt against $674.20M in stockholders equity for a debt-to-equity ratio of 4.6, a relatively leveraged position. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 7.4%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 109.9% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF covers net income by -0.2x on average — earnings are well-supported by cash generation.
D/E ratio is 4.6 — dangerously high. The company is heavily leveraged and vulnerable to rising rates or cash flow dips.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.