Mattel (MAT) Financials

$15.10 +0.03 (+0.17%)

As of 12:45 PM Eastern

Annual Income Statements for Mattel

This table shows Mattel's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	369	313	-1,055	-533	-219	124	903	394	214	542	398
Consolidated Net Income / (Loss)	369	313	-1,055	-533	-219	124	903	394	214	542	398
Net Income / (Loss) Continuing Operations	369	313	-1,055	-533	-219	124	903	394	214	542	398
Total Pre-Tax Income	464	402	-501	-415	-160	178	471	504	465	623	459
Total Operating Income	541	520	-336	-234	37	375	730	676	562	694	546
Total Gross Profit	2,806	2,547	1,825	1,799	1,977	2,243	2,627	2,481	2,584	2,734	2,606
Total Revenue	5,703	5,453	4,881	4,515	4,505	4,588	5,458	5,435	5,441	5,380	5,348
Operating Revenue	5,703	5,453	4,881	4,515	4,505	4,588	5,458	5,435	5,441	5,380	5,348
Total Cost of Revenue	2,896	2,906	3,057	2,716	2,527	2,345	2,831	2,953	2,858	2,645	2,742
Operating Cost of Revenue	2,896	2,906	3,057	2,716	2,527	2,345	2,831	2,953	2,858	2,645	2,742
Total Operating Expenses	2,265	2,027	2,160	2,033	1,940	1,868	1,897	1,806	2,022	2,040	2,059
Selling, General & Admin Expense	1,548	1,392	1,518	1,509	1,390	1,343	1,351	1,272	1,497	1,532	1,537
Marketing Expense	718	635	642	524	550	526	546	534	525	507	522
Total Other Income / (Expense), net	-77	-118	-166	-181	-197	-197	-259	-171	-96	-72	-87
Interest Expense	85	95	105	182	201	198	254	133	124	119	119
Interest & Investment Income	7.23	9.14	7.78	6.46	6.17	3.95	3.50	9.40	25	51	45
Other Income / (Expense), net	1.03	-32	-68	-5.11	-1.88	-2.69	-8.36	-48	2.29	-4.48	-13
Income Tax Expense	94	89	553	116	58	66	-420	136	269	106	90
Other Gains / (Losses), net	-	-	-	-2.22	-0.77	11	12	25	18	25	28
Basic Earnings per Share	$1.08	$0.91	($3.07)	($1.55)	($0.63)	$0.36	$2.58	$1.11	$0.61	$1.59	$1.25
Weighted Average Basic Shares Outstanding	339.17M	341.48M	343.56M	345.01M	346.13M	347.46M	350.01M	353.79M	353.59M	340.44M	318.16M
Diluted Earnings per Share	$1.08	$0.91	($3.07)	($1.55)	($0.63)	$0.35	$2.53	$1.10	$0.60	$1.58	$1.24
Weighted Average Diluted Shares Outstanding	339.75M	344.23M	343.56M	345.01M	346.13M	349.12M	357.25M	359.61M	357.11M	343.34M	321.79M
Weighted Average Basic & Diluted Shares Outstanding	342.10M	342M	343.50M	346.30M	346.87M	348.17M	352.24M	355.71M	344M	330.20M	302.20M
Cash Dividends to Common per Share	$1.52	$1.52	$0.91	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

This table shows Mattel's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	146	147	-28	57	372	141	-40	53	278	106	61
Consolidated Net Income / (Loss)	146	147	-28	57	372	141	-40	53	278	106	61
Net Income / (Loss) Continuing Operations	146	147	-28	57	372	141	-40	53	278	106	61
Total Pre-Tax Income	450	115	-54	60	472	145	-79	63	358	117	25
Total Operating Income	474	140	-36	83	488	158	-53	78	380	141	-103
Total Gross Profit	978	790	389	531	979	835	408	519	868	810	387
Total Revenue	1,919	1,621	810	1,080	1,844	1,646	827	1,019	1,736	1,766	862
Operating Revenue	1,919	1,621	810	1,080	1,844	1,646	827	1,019	1,736	1,766	862
Total Cost of Revenue	941	830	421	549	865	811	419	500	868	956	475
Operating Cost of Revenue	941	830	421	549	865	811	419	500	868	956	475
Total Operating Expenses	504	650	424	448	491	677	461	440	488	669	489
Selling, General & Admin Expense	380	416	353	374	386	420	391	361	370	415	397
Marketing Expense	124	234	71	74	105	257	70	79	118	255	93
Total Other Income / (Expense), net	-24	-25	-18	-24	-17	-13	-26	-16	-21	-24	128
Interest Expense	31	31	30	30	29	29	29	29	29	31	31
Interest & Investment Income	4.57	9.83	17	12	9.79	12	16	12	9.03	7.68	11
Other Income / (Expense), net	2.39	-3.68	-5.61	-6.11	2.92	4.32	-13	1.42	-0.97	-0.69	148
Income Tax Expense	309	-27	-21	9.20	106	11	-31	16	87	17	-32
Other Gains / (Losses), net	5.56	5.12	4.84	6.55	7.05	6.51	8.42	6.64	6.75	6.07	3.59
Basic Earnings per Share	$0.41	$0.42	($0.08)	$0.17	$1.10	$0.40	($0.12)	$0.16	$0.88	$0.33	$0.21
Weighted Average Basic Shares Outstanding	354.14M	353.59M	346.89M	342.20M	339.06M	340.44M	327.49M	323.53M	315.83M	318.16M	297.49M
Diluted Earnings per Share	$0.41	$0.41	($0.08)	$0.17	$1.09	$0.40	($0.12)	$0.16	$0.88	$0.32	$0.20
Weighted Average Diluted Shares Outstanding	357.47M	357.11M	346.89M	344.41M	341.22M	343.34M	327.49M	325.53M	318.07M	321.79M	300.97M
Weighted Average Basic & Diluted Shares Outstanding	353.23M	344M	344.10M	339.90M	336.90M	330.20M	322.90M	322.20M	310.80M	302.20M	290.60M

This table details how cash moves in and out of Mattel's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-79	-23	210	-485	36	132	-31	30	500	127	-145
Net Cash From Operating Activities	735	595	-28	-27	168	286	485	443	870	801	593
Net Cash From Continuing Operating Activities	735	595	-28	-27	168	286	485	443	870	801	593
Net Income / (Loss) Continuing Operations	369	313	-1,055	-533	-219	124	903	394	214	542	398
Consolidated Net Income / (Loss)	369	313	-1,055	-533	-219	124	903	394	214	542	398
Depreciation Expense	233	236	241	233	204	155	146	145	139	137	136
Amortization Expense	32	27	34	39	40	39	85	94	90	109	82
Non-Cash Adjustments To Reconcile Net Income	90	95	310	185	182	104	124	85	71	75	71
Changes in Operating Assets and Liabilities, net	9.72	-75	443	49	-39	-135	-773	-274	356	-62	-93
Net Cash From Investing Activities	-282	-312	-236	-161	-102	-132	-105	-144	-142	-189	-155
Net Cash From Continuing Investing Activities	-282	-312	-236	-161	-102	-132	-105	-144	-142	-189	-155
Purchase of Property, Plant & Equipment	-254	-262	-168	-78	-51	-59	-77	-106	-86	-135	-111
Sale and/or Maturity of Investments	-	-	61	-	-	-23	-	-	15	7.34	8.63
Other Investing Activities, net	33	-10	-128	-64	-53	-56	-73	-76	-72	-61	-53
Net Cash From Financing Activities	-500	-281	458	-285	-33	-5.84	-402	-261	-227	-449	-621
Net Cash From Continuing Financing Activities	-500	-281	458	-285	-33	-5.84	-402	-261	-227	-449	-621
Repayment of Debt	-17	-406	-1,639	-761	-614	1.36	-1,579	-258	-15	-36	-606
Repurchase of Common Equity	-	-	-	-	-	-	0.00	0.00	-203	-400	-600
Issuance of Debt	17	609	2,408	476	588	0.00	1,185	-	0.00	0.00	592
Other Financing Activities, net	15	34	1.78	-	-7.51	-7.20	-7.86	-2.69	-8.37	-13	-7.06
Effect of Exchange Rate Changes	-31	-24	-	-12	1.88	-16	-9.11	-8.11	-0.68	-36	37
Cash Interest Paid	83	85	103	174	191	191	210	129	118	114	116

This table details how cash moves in and out of Mattel's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	156	806	-131	-408	1.12	664	-144	-373	-179	551	-377
Net Cash From Operating Activities	246	949	35	-253	156	862	25	-300	72	797	-23
Net Cash From Continuing Operating Activities	246	949	35	-253	156	862	25	-300	72	797	-23
Net Income / (Loss) Continuing Operations	146	147	-28	57	372	141	-40	53	278	106	61
Consolidated Net Income / (Loss)	146	147	-28	57	372	141	-40	53	278	106	61
Depreciation Expense	36	35	35	34	33	35	34	35	34	34	34
Amortization Expense	22	28	22	34	29	23	26	26	17	13	14
Non-Cash Adjustments To Reconcile Net Income	-1.20	36	22	11	19	26	18	11	20	22	-136
Changes in Operating Assets and Liabilities, net	43	703	-15	-389	-298	637	-13	-425	-277	621	4.32
Net Cash From Investing Activities	-32	-49	-28	-44	-79	-37	-31	-23	-43	-57	-144
Net Cash From Continuing Investing Activities	-32	-49	-28	-44	-79	-37	-31	-23	-43	-57	-144
Purchase of Property, Plant & Equipment	-24	-25	-15	-17	-77	-27	-21	-23	-31	-36	-45
Acquisitions	-	-	-	-	-	-	0.00	-	-	-	-75
Other Investing Activities, net	-15	-25	-16	-26	-3.62	-19	-10	-5.14	-13	-21	-24
Net Cash From Financing Activities	-48	-107	-131	-109	-74	-135	-162	-60	-204	-194	-208
Net Cash From Continuing Financing Activities	-48	-107	-131	-109	-74	-135	-162	-60	-204	-194	-208
Repayment of Debt	-0.98	-12	-29	-1.22	-4.04	-1.30	-1.38	-1.27	-1.58	-602	-2.11
Repurchase of Common Equity	-60	-93	-100	-100	-68	-132	-160	-50	-202	-188	-200
Other Financing Activities, net	13	-1.56	-1.87	-7.48	-1.84	-2.13	-0.54	-9.20	0.19	2.50	-6.18
Effect of Exchange Rate Changes	-10	12	-6.87	-1.96	-1.45	-25	24	11	-3.74	6.21	-2.08

This table presents Mattel's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	6,535	6,494	6,228	5,238	5,325	5,535	6,394	6,178	6,436	6,544	6,640
Total Current Assets	3,001	2,940	3,100	2,347	2,248	2,497	2,875	2,729	3,122	3,127	3,131
Cash & Equivalents	893	870	1,079	594	630	762	731	761	1,261	1,388	1,243
Accounts Receivable	1,145	1,115	1,125	970	936	1,034	1,073	860	1,082	1,003	1,098
Inventories, net	588	614	601	543	496	528	777	894	572	502	563
Prepaid Expenses	376	342	296	240	186	172	293	214	208	234	227
Plant, Property, & Equipment, net	741	774	785	658	550	474	456	469	466	516	590
Total Noncurrent Assets	2,793	2,780	2,343	2,233	2,527	2,564	3,063	2,979	2,848	2,901	2,920
Goodwill	1,385	1,388	1,397	1,386	1,391	1,394	1,390	1,379	1,385	1,382	1,390
Intangible Assets	-	-	-	-	-	518	477	425	393	361	337
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	73	527	472	299	297	313
Other Noncurrent Operating Assets	1,408	1,392	946	847	1,136	580	669	704	771	862	879
Total Liabilities & Shareholders' Equity	6,535	6,494	6,228	5,238	5,325	5,535	6,394	6,178	6,436	6,544	6,640
Total Liabilities	3,902	4,086	4,981	4,571	4,834	4,925	4,825	4,121	4,287	4,280	4,407
Total Current Liabilities	1,646	1,506	1,624	1,250	1,277	1,355	1,598	1,188	1,342	1,316	1,458
Accounts Payable	652	665	572	538	459	495	579	471	442	399	555
Accrued Expenses	658	629	792	694	770	832	992	679	866	879	873
Current Deferred & Payable Income Tax Liabilities	19	20	9.50	14	48	27	28	38	34	38	30
Total Noncurrent Liabilities	2,256	2,580	3,357	3,321	3,557	3,569	3,227	2,934	2,944	2,964	2,949
Long-Term Debt	1,785	2,134	2,873	2,852	2,847	2,855	2,571	2,326	2,330	2,334	2,332
Other Noncurrent Operating Liabilities	472	446	484	470	710	715	656	608	614	630	617
Total Equity & Noncontrolling Interests	2,633	2,408	1,247	667	492	610	1,569	2,056	2,149	2,264	2,233
Total Preferred & Common Equity	2,633	2,408	1,247	667	492	610	1,569	2,056	2,149	2,264	2,233
Total Common Equity	2,633	2,408	1,247	667	492	610	1,569	2,056	2,149	2,264	2,233
Common Stock	2,231	2,232	2,250	2,254	2,267	2,284	2,274	2,250	2,216	2,222	2,229
Retained Earnings	3,746	3,545	2,169	1,627	1,413	1,554	2,457	2,848	3,062	3,604	4,001
Treasury Stock	-2,495	-2,427	-2,390	-2,355	-2,319	-2,283	-2,220	-2,130	-2,224	-2,567	-3,107
Accumulated Other Comprehensive Income / (Loss)	-849	-943	-782	-859	-869	-945	-941	-911	-905	-994	-891

This table presents Mattel's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	6,468	5,832	5,898	6,245	6,065	5,906	6,514	6,206	6,249	6,593	6,330
Total Current Assets	3,083	2,366	2,424	3,042	2,735	2,604	3,180	2,787	2,799	3,156	2,492
Cash & Equivalents	349	462	300	456	1,130	722	724	1,244	870	692	866
Accounts Receivable	1,382	674	891	1,571	673	839	1,477	633	792	1,390	687
Inventories, net	1,084	961	972	791	669	777	737	658	868	827	677
Prepaid Expenses	269	270	261	225	263	266	242	251	268	247	262
Plant, Property, & Equipment, net	444	471	464	457	452	445	514	516	527	542	621
Total Noncurrent Assets	2,941	2,994	3,010	2,745	2,878	2,857	2,820	2,904	2,923	2,895	3,217
Goodwill	1,371	1,381	1,384	1,380	1,384	1,383	1,389	1,385	1,392	1,390	1,584
Intangible Assets	426	418	412	398	384	377	375	356	354	345	486
Noncurrent Deferred & Refundable Income Taxes	440	484	480	230	304	294	260	304	307	302	332
Other Noncurrent Operating Assets	703	712	734	737	805	803	796	859	869	859	814
Total Liabilities & Shareholders' Equity	6,468	5,832	5,898	6,245	6,065	5,906	6,514	6,206	6,249	6,593	6,330
Total Liabilities	4,501	3,894	3,935	4,209	4,040	3,933	4,201	4,077	4,077	4,332	4,223
Total Current Liabilities	1,576	969	1,031	1,305	1,099	1,011	1,299	1,147	1,726	1,975	1,211
Accounts Payable	495	314	366	450	315	377	439	318	419	493	373
Accrued Expenses	781	641	656	803	769	628	803	813	703	830	821
Current Deferred & Payable Income Tax Liabilities	50	13	9.40	51	15	5.74	56	15	4.21	53	16
Total Noncurrent Liabilities	2,925	2,925	2,904	2,905	2,941	2,922	2,902	2,930	2,351	2,358	3,013
Long-Term Debt	2,324	2,327	2,328	2,329	2,331	2,332	2,333	2,335	1,738	1,738	2,333
Other Noncurrent Operating Liabilities	600	598	577	576	610	589	569	595	613	619	680
Total Equity & Noncontrolling Interests	1,967	1,938	1,962	2,035	2,025	1,973	2,313	2,130	2,172	2,261	2,106
Total Preferred & Common Equity	1,967	1,938	1,962	2,035	2,025	1,973	2,313	2,130	2,172	2,261	2,106
Total Common Equity	1,967	1,938	1,962	2,035	2,025	1,973	2,313	2,130	2,172	2,261	2,106
Common Stock	2,237	2,214	2,212	2,187	2,214	2,197	2,200	2,234	2,198	2,214	2,217
Retained Earnings	2,832	2,741	2,768	2,915	3,034	3,091	3,463	3,564	3,617	3,895	4,062
Treasury Stock	-2,130	-2,129	-2,121	-2,132	-2,306	-2,379	-2,435	-2,721	-2,726	-2,925	-3,290
Accumulated Other Comprehensive Income / (Loss)	-971	-888	-897	-934	-916	-935	-916	-947	-917	-923	-883

This table displays calculated financial ratios and metrics derived from Mattel's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.33%	-4.37%	-10.48%	-7.51%	-0.23%	1.86%	18.95%	-0.42%	0.12%	-1.13%	-0.59%
EBITDA Growth	-11.03%	-7.06%	-117.20%	125.17%	761.38%	102.15%	68.50%	-9.12%	-8.41%	17.98%	-19.70%
EBIT Growth	-17.74%	-9.95%	-182.74%	40.70%	114.71%	956.25%	93.85%	-12.96%	-10.16%	22.32%	-22.71%
NOPAT Growth	-22.48%	-6.05%	-158.07%	30.19%	115.83%	810.51%	484.02%	-64.26%	-52.09%	143.80%	-23.73%
Net Income Growth	-25.95%	-15.30%	-437.03%	49.43%	58.98%	156.49%	630.70%	-56.38%	-45.58%	152.77%	-26.62%
EPS Growth	-25.52%	-15.74%	-437.36%	49.51%	59.35%	155.56%	622.86%	-56.52%	-45.45%	163.33%	-21.52%
Operating Cash Flow Growth	-17.33%	-19.07%	-104.64%	1.08%	716.60%	69.62%	69.92%	-8.78%	96.41%	-7.96%	-25.90%
Free Cash Flow Firm Growth	125.90%	-42.64%	-11.35%	-41.35%	23.77%	-1.85%	180.20%	-58.39%	127.22%	-8.69%	-43.74%
Invested Capital Growth	-5.77%	0.59%	-14.84%	-11.02%	-7.51%	-0.18%	26.07%	6.23%	-11.13%	-0.23%	3.46%
Revenue Q/Q Growth	0.10%	-3.00%	-4.32%	-1.79%	-1.20%	3.43%	3.20%	-6.74%	4.19%	0.48%	2.30%
EBITDA Q/Q Growth	6.91%	-5.14%	-130.75%	108.83%	-14.29%	26.04%	12.43%	-18.92%	16.34%	8.44%	-4.32%
EBIT Q/Q Growth	11.45%	-7.13%	-354.44%	63.51%	-54.61%	54.35%	8.26%	-25.00%	19.79%	3.95%	-4.00%
NOPAT Q/Q Growth	19.87%	-9.68%	83.74%	60.36%	-54.31%	261.23%	4.02%	-29.75%	174.24%	-3.77%	-5.89%
Net Income Q/Q Growth	21.44%	-12.92%	-74.65%	35.59%	-8.79%	893.44%	11.31%	-34.74%	157.72%	-1.18%	-8.02%
EPS Q/Q Growth	21.35%	-11.65%	-76.44%	35.68%	-6.78%	800.00%	10.48%	-34.13%	140.00%	-0.63%	-6.06%
Operating Cash Flow Q/Q Growth	-9.37%	-4.96%	-114.86%	-43.80%	-11.57%	19.00%	2.89%	-5.09%	36.34%	-9.83%	-9.96%
Free Cash Flow Firm Q/Q Growth	-15.63%	-9.94%	137.43%	785.09%	-17.89%	792.92%	-1.30%	-24.50%	72.53%	-0.22%	-31.99%
Invested Capital Q/Q Growth	-15.15%	-15.09%	-17.95%	-18.08%	-18.72%	-16.05%	-11.77%	-13.65%	-17.67%	-18.15%	-14.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	49.21%	46.70%	37.38%	39.84%	43.90%	48.89%	48.13%	45.66%	47.48%	50.82%	48.73%
EBITDA Margin	14.16%	13.76%	-2.64%	0.72%	6.21%	12.32%	17.46%	15.93%	14.58%	17.39%	14.05%
Operating Margin	9.49%	9.54%	-6.88%	-5.19%	0.82%	8.17%	13.37%	12.43%	10.32%	12.91%	10.22%
EBIT Margin	9.50%	8.95%	-8.27%	-5.30%	0.78%	8.11%	13.21%	11.55%	10.36%	12.82%	9.97%
Profit (Net Income) Margin	6.48%	5.74%	-21.60%	-11.81%	-4.86%	2.69%	16.55%	7.25%	3.94%	10.07%	7.43%
Tax Burden Percent	79.63%	77.83%	210.39%	128.54%	137.01%	69.56%	191.81%	78.11%	46.06%	87.04%	86.53%
Interest Burden Percent	85.60%	82.38%	124.13%	173.26%	-453.27%	47.75%	65.28%	80.34%	82.53%	90.24%	86.18%
Effective Tax Rate	20.37%	22.17%	0.00%	0.00%	0.00%	36.90%	-89.30%	26.94%	57.90%	16.97%	19.54%
Return on Invested Capital (ROIC)	10.88%	10.50%	-6.57%	-5.28%	0.92%	8.74%	45.19%	14.04%	6.92%	17.94%	13.46%
ROIC Less NNEP Spread (ROIC-NNEP)	5.63%	3.62%	-53.39%	-22.43%	-10.01%	3.50%	20.88%	8.19%	5.24%	14.50%	9.33%
Return on Net Nonoperating Assets (RNNOA)	2.36%	1.91%	-51.14%	-50.45%	-38.68%	13.69%	37.69%	7.69%	3.28%	6.62%	4.22%
Return on Equity (ROE)	13.24%	12.41%	-57.71%	-55.73%	-37.76%	22.43%	82.88%	21.73%	10.19%	24.55%	17.68%
Cash Return on Invested Capital (CROIC)	16.82%	9.92%	9.47%	6.39%	8.72%	8.92%	22.13%	8.01%	18.70%	18.16%	10.06%
Operating Return on Assets (OROA)	8.18%	7.49%	-6.35%	-4.18%	0.67%	6.85%	12.09%	9.99%	8.94%	10.63%	8.09%
Return on Assets (ROA)	5.57%	4.80%	-16.58%	-9.30%	-4.14%	2.28%	15.14%	6.27%	3.40%	8.35%	6.03%
Return on Common Equity (ROCE)	13.24%	12.41%	-57.71%	-55.73%	-37.76%	22.43%	82.88%	21.73%	10.19%	24.55%	17.68%
Return on Equity Simple (ROE_SIMPLE)	14.03%	13.00%	-84.56%	-79.97%	-44.49%	20.25%	57.56%	19.16%	9.97%	23.93%	0.00%
Net Operating Profit after Tax (NOPAT)	431	405	-235	-164	26	236	1,381	494	236	576	440
NOPAT Margin	7.55%	7.42%	-4.81%	-3.63%	0.58%	5.15%	25.30%	9.08%	4.35%	10.72%	8.22%
Net Nonoperating Expense Percent (NNEP)	5.25%	6.89%	46.82%	17.15%	10.93%	5.24%	24.31%	5.85%	1.68%	3.44%	4.14%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	11.26%	5.28%	12.54%	9.63%
Cost of Revenue to Revenue	50.79%	53.30%	62.62%	60.16%	56.10%	51.11%	51.87%	54.34%	52.52%	49.18%	51.27%
SG&A Expenses to Revenue	27.14%	25.52%	31.10%	33.42%	30.86%	29.26%	24.76%	23.40%	27.52%	28.49%	28.75%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.73%	37.17%	44.25%	45.03%	43.07%	40.72%	34.76%	33.23%	37.16%	37.92%	38.51%
Earnings before Interest and Taxes (EBIT)	542	488	-404	-239	35	372	721	628	564	690	533
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	807	750	-129	32	280	565	953	866	793	936	751
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.20	3.76	4.24	5.17	9.55	9.95	4.81	3.07	3.10	2.64	2.76
Price to Tangible Book Value (P/TBV)	6.75	8.87	0.00	0.00	0.00	0.00	0.00	25.03	17.94	11.45	12.19
Price to Revenue (P/Rev)	1.48	1.66	1.08	0.76	1.04	1.32	1.38	1.16	1.23	1.11	1.15
Price to Earnings (P/E)	22.83	28.92	0.00	0.00	0.00	49.15	8.36	16.05	31.11	11.02	15.51
Dividend Yield	6.12%	5.75%	8.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.38%	3.46%	0.00%	0.00%	0.00%	2.03%	11.95%	6.23%	3.21%	9.07%	6.45%
Enterprise Value to Invested Capital (EV/IC)	2.51	2.72	2.23	1.95	2.55	3.02	2.76	2.18	2.40	2.16	2.18
Enterprise Value to Revenue (EV/Rev)	1.69	1.93	1.50	1.26	1.54	1.78	1.72	1.45	1.42	1.29	1.36
Enterprise Value to EBITDA (EV/EBITDA)	11.94	14.00	0.00	175.81	24.72	14.44	9.86	9.11	9.76	7.39	9.66
Enterprise Value to EBIT (EV/EBIT)	17.79	21.53	0.00	0.00	196.31	21.95	13.02	12.56	13.72	10.03	13.61
Enterprise Value to NOPAT (EV/NOPAT)	22.38	25.96	0.00	0.00	266.24	34.54	6.80	15.98	32.72	12.00	16.50
Enterprise Value to Operating Cash Flow (EV/OCF)	13.13	17.67	0.00	0.00	41.05	28.59	19.35	17.81	8.90	8.64	12.23
Enterprise Value to Free Cash Flow (EV/FCFF)	14.48	27.49	21.64	28.74	28.13	33.84	13.89	28.03	12.10	11.85	22.09
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.80	0.97	2.50	4.28	5.79	4.68	1.64	1.13	1.08	1.03	1.04
Long-Term Debt to Equity	0.68	0.89	2.30	4.28	5.79	4.68	1.64	1.13	1.08	1.03	1.04
Financial Leverage	0.42	0.53	0.96	2.25	3.87	3.91	1.81	0.94	0.63	0.46	0.45
Leverage Ratio	2.37	2.58	3.48	5.99	9.12	9.86	5.47	3.47	3.00	2.94	2.93
Compound Leverage Factor	2.03	2.13	4.32	10.38	-41.33	4.71	3.57	2.79	2.48	2.65	2.53
Debt to Total Capital	44.39%	49.14%	71.46%	81.07%	85.27%	82.40%	62.10%	53.07%	52.02%	50.76%	51.08%
Short-Term Debt to Total Capital	6.69%	4.06%	5.72%	0.12%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	37.69%	45.08%	65.74%	80.95%	85.27%	82.37%	62.10%	53.07%	52.02%	50.76%	51.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	55.61%	50.86%	28.54%	18.93%	14.73%	17.60%	37.90%	46.93%	47.98%	49.24%	48.92%
Debt to EBITDA	2.60	3.10	-24.20	87.94	10.18	5.05	2.70	2.69	2.94	2.49	3.10
Net Debt to EBITDA	1.50	1.94	-15.84	69.63	7.92	3.70	1.93	1.81	1.35	1.01	1.45
Long-Term Debt to EBITDA	2.21	2.84	-22.27	87.81	10.18	5.05	2.70	2.69	2.94	2.49	3.10
Debt to NOPAT	4.88	5.75	-13.29	-17.41	109.61	12.08	1.86	4.71	9.85	4.05	5.30
Net Debt to NOPAT	2.81	3.60	-8.70	-13.79	85.35	8.85	1.33	3.17	4.52	1.64	2.48
Long-Term Debt to NOPAT	4.14	5.27	-12.23	-17.38	109.61	12.07	1.86	4.71	9.85	4.05	5.30
Altman Z-Score	3.49	3.45	1.98	1.85	2.04	2.43	2.94	3.08	3.07	3.11	3.06
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.82	1.95	1.91	1.88	1.76	1.84	1.80	2.30	2.33	2.38	2.15
Quick Ratio	1.24	1.32	1.36	1.25	1.23	1.33	1.13	1.37	1.75	1.82	1.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	666	382	339	199	246	241	676	281	639	584	328
Operating Cash Flow to CapEx	288.99%	226.74%	-16.42%	-35.13%	331.46%	481.06%	629.40%	416.49%	1,013.51%	592.11%	536.31%
Free Cash Flow to Firm to Interest Expense	7.81	4.02	3.22	1.09	1.22	1.22	2.66	2.12	5.16	4.91	2.77
Operating Cash Flow to Interest Expense	8.61	6.25	-0.26	-0.15	0.84	1.44	1.91	3.33	7.03	6.74	5.00
Operating Cash Flow Less CapEx to Interest Expense	5.63	3.49	-1.86	-0.58	0.59	1.14	1.61	2.53	6.33	5.60	4.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.86	0.84	0.77	0.79	0.85	0.85	0.92	0.86	0.86	0.83	0.81
Accounts Receivable Turnover	5.09	4.83	4.36	4.31	4.73	4.66	5.18	5.62	5.60	5.16	5.09
Inventory Turnover	5.04	4.84	5.03	4.75	4.87	4.58	4.34	3.53	3.90	4.93	5.15
Fixed Asset Turnover	7.71	7.20	6.26	6.26	7.46	8.96	11.74	11.75	11.64	10.96	9.67
Accounts Payable Turnover	5.35	4.42	4.94	4.89	5.07	4.91	5.27	5.62	6.25	6.29	5.75
Days Sales Outstanding (DSO)	71.67	75.65	83.74	84.67	77.24	78.37	70.44	64.91	65.14	70.73	71.69
Days Inventory Outstanding (DIO)	72.42	75.43	72.51	76.84	74.99	79.68	84.17	103.27	93.61	74.05	70.88
Days Payable Outstanding (DPO)	68.18	82.67	73.85	74.59	72.02	74.29	69.27	64.92	58.36	58.04	63.52
Cash Conversion Cycle (CCC)	75.92	68.41	82.40	86.92	80.20	83.76	85.34	103.26	100.39	86.74	79.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,842	3,865	3,291	2,928	2,708	2,704	3,408	3,621	3,218	3,211	3,322
Invested Capital Turnover	1.44	1.42	1.36	1.45	1.60	1.70	1.79	1.55	1.59	1.67	1.64
Increase / (Decrease) in Invested Capital	-235	23	-574	-363	-220	-4.84	705	212	-403	-7.27	111
Enterprise Value (EV)	9,642	10,505	7,330	5,709	6,915	8,167	9,393	7,887	7,738	6,920	7,255
Market Capitalization	8,433	9,048	5,287	3,448	4,698	6,073	7,553	6,323	6,669	5,973	6,166
Book Value per Share	$7.76	$7.04	$3.63	$1.93	$1.42	$1.75	$4.48	$5.80	$6.08	$6.72	$7.18
Tangible Book Value per Share	$3.68	$2.98	($0.44)	($2.08)	($2.59)	($3.74)	($0.85)	$0.71	$1.05	$1.55	$1.63
Total Capital	4,735	4,734	4,370	3,523	3,338	3,466	4,140	4,382	4,479	4,598	4,565
Total Debt	2,102	2,326	3,123	2,856	2,847	2,856	2,571	2,326	2,330	2,334	2,332
Total Long-Term Debt	1,785	2,134	2,873	2,852	2,847	2,855	2,571	2,326	2,330	2,334	2,332
Net Debt	1,209	1,457	2,044	2,261	2,217	2,093	1,840	1,564	1,069	946	1,089
Capital Expenditures (CapEx)	254	262	168	78	51	59	77	106	86	135	111
Debt-free, Cash-free Net Working Capital (DFCFNWC)	780	757	647	507	341	380	545	780	519	423	430
Debt-free Net Working Capital (DFNWC)	1,672	1,627	1,726	1,101	971	1,142	1,276	1,541	1,780	1,811	1,673
Net Working Capital (NWC)	1,356	1,434	1,476	1,097	971	1,141	1,276	1,541	1,780	1,811	1,673
Net Nonoperating Expense (NNE)	61	92	820	369	245	113	478	100	22	35	42
Net Nonoperating Obligations (NNO)	1,209	1,457	2,044	2,261	2,217	2,093	1,840	1,564	1,069	946	1,089
Total Depreciation and Amortization (D&A)	265	262	275	272	245	193	232	238	229	246	218
Debt-free, Cash-free Net Working Capital to Revenue	13.67%	13.88%	13.26%	11.23%	7.57%	8.28%	9.98%	14.35%	9.53%	7.87%	8.04%
Debt-free Net Working Capital to Revenue	29.33%	29.83%	35.37%	24.40%	21.56%	24.89%	23.38%	28.36%	32.71%	33.67%	31.28%
Net Working Capital to Revenue	23.77%	26.31%	30.25%	24.30%	21.56%	24.87%	23.38%	28.36%	32.71%	33.67%	31.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.08	$0.93	($3.07)	($1.54)	($0.62)	$0.36	$2.58	$1.11	$0.61	$1.59	$1.25
Adjusted Weighted Average Basic Shares Outstanding	339.17M	341.48M	343.56M	345.01M	346.13M	347.46M	350.01M	353.79M	353.59M	340.44M	318.16M
Adjusted Diluted Earnings per Share	$1.08	$0.92	($3.07)	($1.54)	($0.62)	$0.36	$2.53	$1.10	$0.60	$1.58	$1.24
Adjusted Weighted Average Diluted Shares Outstanding	339.75M	344.23M	343.56M	345.01M	346.13M	349.12M	357.25M	359.61M	357.11M	343.34M	321.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($1.54)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	340.01M	342.45M	343.92M	345.40M	346.87M	348.17M	352.24M	355.71M	344M	330.20M	302.20M
Normalized Net Operating Profit after Tax (NOPAT)	431	405	-235	-164	26	236	511	494	393	576	440
Normalized NOPAT Margin	7.55%	7.42%	-4.81%	-3.63%	0.58%	5.15%	9.36%	9.08%	7.23%	10.72%	8.22%
Pre Tax Income Margin	8.14%	7.37%	-10.27%	-9.19%	-3.54%	3.87%	8.63%	9.28%	8.55%	11.57%	8.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.36	5.13	-3.84	-1.32	0.18	1.88	2.84	4.73	4.56	5.81	4.49
NOPAT to Interest Expense	5.05	4.25	-2.23	-0.90	0.13	1.19	5.44	3.72	1.91	4.85	3.70
EBIT Less CapEx to Interest Expense	3.37	2.37	-5.44	-1.74	-0.08	1.58	2.54	3.93	3.86	4.67	3.56
NOPAT Less CapEx to Interest Expense	2.07	1.50	-3.83	-1.33	-0.12	0.89	5.13	2.92	1.22	3.72	2.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	139.43%	165.71%	-29.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	139.43%	165.71%	-29.58%	0.00%	0.00%	0.00%	0.00%	0.00%	94.71%	73.83%	150.91%

This table displays calculated financial ratios and metrics derived from Mattel's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	302,200,000.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	302,200,000.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.20
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.28%	15.61%	-0.62%	-0.68%	-3.90%	1.59%	2.12%	-5.66%	-5.85%	7.29%	4.30%
EBITDA Growth	20.87%	38.26%	121.94%	12.29%	3.72%	10.50%	-136.87%	-3.65%	-22.39%	-15.36%	1,740.31%
EBIT Growth	20.37%	215.68%	63.79%	18.75%	3.15%	19.20%	-60.51%	3.66%	-22.88%	-13.66%	168.79%
NOPAT Growth	-51.45%	247.33%	69.12%	78.92%	155.24%	-15.53%	-49.16%	-17.16%	-23.91%	-17.81%	-536.43%
Net Income Growth	-49.52%	812.91%	73.44%	109.14%	154.50%	-4.38%	-42.57%	-6.17%	-25.25%	-24.61%	251.37%
EPS Growth	-48.75%	583.33%	73.33%	112.50%	165.85%	-2.44%	-50.00%	-5.88%	-19.27%	-20.00%	266.67%
Operating Cash Flow Growth	63.73%	32.30%	117.20%	-112.16%	-36.64%	-9.19%	-30.09%	-18.66%	-53.81%	-7.61%	-192.46%
Free Cash Flow Firm Growth	1,851.01%	455.01%	340.25%	505.73%	-15.80%	-73.33%	-105.85%	-99.32%	-16.66%	-94.08%	-1,723.33%
Invested Capital Growth	-6.78%	-11.13%	-15.16%	-10.21%	0.36%	-0.23%	-0.15%	1.54%	-0.40%	3.46%	10.92%
Revenue Q/Q Growth	76.49%	-15.54%	-50.05%	33.38%	70.77%	-10.71%	-49.79%	23.22%	70.43%	1.76%	-51.19%
EBITDA Q/Q Growth	312.00%	-62.54%	-91.47%	842.25%	280.55%	-60.09%	-102.58%	2,562.47%	206.53%	-56.48%	-50.07%
EBIT Q/Q Growth	633.57%	-71.36%	-130.16%	287.44%	537.20%	-66.91%	-140.61%	221.05%	374.10%	-62.95%	-67.64%
NOPAT Q/Q Growth	276.90%	16.97%	-114.34%	382.95%	437.65%	-61.29%	-125.33%	257.14%	393.84%	-58.19%	-296.15%
Net Income Q/Q Growth	438.19%	0.68%	-119.20%	301.05%	554.90%	-62.17%	-128.62%	232.32%	421.74%	-61.85%	-42.53%
EPS Q/Q Growth	412.50%	0.00%	-119.51%	312.50%	541.18%	-63.30%	-130.00%	233.33%	450.00%	-63.64%	-37.50%
Operating Cash Flow Q/Q Growth	306.32%	286.04%	-96.26%	-812.49%	161.61%	453.29%	-97.12%	-1,309.33%	123.98%	1,006.80%	-102.88%
Free Cash Flow Firm Q/Q Growth	448.41%	33.21%	-4.26%	-13.40%	-23.77%	-57.80%	-120.98%	110.01%	9,301.51%	-97.00%	-6,558.05%
Invested Capital Q/Q Growth	-2.05%	-17.67%	0.26%	11.06%	9.48%	-18.15%	0.34%	12.93%	7.39%	-14.98%	7.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.97%	48.76%	48.04%	49.15%	53.09%	50.74%	49.37%	50.95%	50.02%	45.87%	44.86%
EBITDA Margin	27.83%	12.34%	1.91%	13.48%	30.03%	13.42%	-0.69%	13.77%	24.76%	10.59%	10.83%
Operating Margin	24.70%	8.64%	-4.39%	7.71%	26.48%	9.61%	-6.41%	7.71%	21.88%	7.99%	-11.91%
EBIT Margin	24.82%	8.41%	-5.08%	7.14%	26.64%	9.87%	-7.99%	7.85%	21.83%	7.95%	5.27%
Profit (Net Income) Margin	7.63%	9.09%	-3.49%	5.27%	20.20%	8.56%	-4.88%	5.24%	16.03%	6.01%	7.08%
Tax Burden Percent	32.51%	128.20%	52.46%	95.55%	78.95%	97.00%	50.84%	84.78%	77.65%	90.48%	244.25%
Interest Burden Percent	94.51%	84.26%	131.06%	77.19%	96.01%	89.33%	120.12%	78.74%	94.62%	83.61%	55.02%
Effective Tax Rate	68.73%	-23.75%	0.00%	15.45%	22.55%	7.49%	0.00%	25.76%	24.24%	14.69%	-129.87%
Return on Invested Capital (ROIC)	9.96%	17.02%	-4.75%	9.34%	28.05%	14.88%	-7.51%	8.46%	22.14%	11.15%	-43.38%
ROIC Less NNEP Spread (ROIC-NNEP)	9.87%	15.04%	-4.97%	8.60%	27.71%	14.33%	-7.79%	8.14%	21.56%	9.76%	-20.16%
Return on Net Nonoperating Assets (RNNOA)	10.10%	9.42%	-3.85%	7.95%	22.19%	6.54%	-4.30%	6.04%	15.34%	4.42%	-12.18%
Return on Equity (ROE)	20.06%	26.44%	-8.60%	17.29%	50.24%	21.43%	-11.81%	14.49%	37.48%	15.57%	-55.55%
Cash Return on Invested Capital (CROIC)	9.15%	18.70%	25.50%	19.95%	14.94%	18.16%	17.77%	13.90%	12.34%	10.06%	1.98%
Operating Return on Assets (OROA)	20.39%	7.26%	-4.64%	6.57%	22.36%	8.18%	-7.02%	6.89%	17.41%	6.45%	4.52%
Return on Assets (ROA)	6.27%	7.84%	-3.19%	4.84%	16.95%	7.09%	-4.29%	4.60%	12.79%	4.88%	6.08%
Return on Common Equity (ROCE)	20.06%	26.44%	-8.60%	17.29%	50.24%	21.43%	-11.81%	14.49%	37.48%	15.57%	-55.55%
Return on Equity Simple (ROE_SIMPLE)	4.09%	0.00%	14.44%	16.33%	23.70%	0.00%	24.88%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	148	173	-25	70	378	146	-37	58	288	120	-236
NOPAT Margin	7.72%	10.69%	-3.07%	6.52%	20.51%	8.89%	-4.49%	5.72%	16.58%	6.81%	-27.38%
Net Nonoperating Expense Percent (NNEP)	0.09%	1.98%	0.22%	0.74%	0.34%	0.55%	0.28%	0.32%	0.58%	1.39%	-23.22%
Return On Investment Capital (ROIC_SIMPLE)	-	3.87%	-	-	-	3.18%	-0.83%	1.29%	6.26%	2.64%	-5.32%
Cost of Revenue to Revenue	49.03%	51.24%	51.96%	50.85%	46.91%	49.26%	50.63%	49.05%	49.98%	54.13%	55.14%
SG&A Expenses to Revenue	19.79%	25.65%	43.60%	34.62%	20.92%	25.51%	47.29%	35.47%	21.33%	23.48%	46.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.27%	40.11%	52.43%	41.45%	26.61%	41.13%	55.78%	43.24%	28.13%	37.89%	56.77%
Earnings before Interest and Taxes (EBIT)	476	136	-41	77	491	163	-66	80	379	140	45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	534	200	15	146	554	221	-5.69	140	430	187	93
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.83	3.10	3.36	2.84	2.80	2.64	3.01	2.93	2.40	2.76	2.08
Price to Tangible Book Value (P/TBV)	30.29	17.94	26.49	26.26	11.79	11.45	16.51	14.96	10.30	12.19	121.19
Price to Revenue (P/Rev)	1.49	1.23	1.25	1.03	1.21	1.11	1.19	1.19	1.04	1.15	0.82
Price to Earnings (P/E)	93.80	31.11	23.29	17.36	11.81	11.02	12.11	12.10	12.55	15.51	8.80
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.07%	3.21%	4.29%	5.76%	8.47%	9.07%	8.26%	8.26%	7.97%	6.45%	11.36%
Enterprise Value to Invested Capital (EV/IC)	2.48	2.40	2.48	2.01	2.06	2.16	2.33	2.15	1.81	2.18	1.64
Enterprise Value to Revenue (EV/Rev)	1.85	1.42	1.47	1.33	1.51	1.29	1.39	1.47	1.35	1.36	1.09
Enterprise Value to EBITDA (EV/EBITDA)	14.19	9.76	9.69	8.55	9.37	7.39	8.21	8.62	9.00	9.66	6.89
Enterprise Value to EBIT (EV/EBIT)	20.55	13.72	12.59	11.11	12.18	10.03	11.29	11.73	12.73	13.61	9.09
Enterprise Value to NOPAT (EV/NOPAT)	112.21	32.72	25.08	20.70	13.50	12.00	13.21	14.06	15.13	16.50	13.97
Enterprise Value to Operating Cash Flow (EV/OCF)	15.17	8.90	7.21	7.37	9.11	8.64	9.50	10.55	10.73	12.23	10.74
Enterprise Value to Free Cash Flow (EV/FCFF)	26.11	12.10	8.94	9.54	13.82	11.85	13.10	15.61	14.64	22.09	86.93
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.14	1.08	1.15	1.18	1.01	1.03	1.10	1.08	1.03	1.04	1.11
Long-Term Debt to Equity	1.14	1.08	1.15	1.18	1.01	1.03	1.10	0.80	0.77	1.04	1.11
Financial Leverage	1.02	0.63	0.77	0.92	0.80	0.46	0.55	0.74	0.71	0.45	0.60
Leverage Ratio	3.18	3.00	3.00	3.00	2.93	2.94	2.95	2.93	2.87	2.93	2.96
Compound Leverage Factor	3.00	2.53	3.93	2.32	2.82	2.63	3.55	2.31	2.71	2.45	1.63
Debt to Total Capital	53.36%	52.02%	53.51%	54.17%	50.22%	50.76%	52.31%	51.83%	50.83%	51.08%	52.55%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.28%	13.03%	0.00%	0.00%
Long-Term Debt to Total Capital	53.36%	52.02%	53.51%	54.17%	50.22%	50.76%	52.31%	38.54%	37.80%	51.08%	52.55%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	46.64%	47.98%	46.49%	45.83%	49.78%	49.24%	47.69%	48.17%	49.17%	48.92%	47.45%
Debt to EBITDA	3.42	2.94	2.82	2.77	2.70	2.49	2.55	2.57	2.98	3.10	2.74
Net Debt to EBITDA	2.75	1.35	1.45	1.91	1.87	1.01	1.19	1.61	2.10	1.45	1.72
Long-Term Debt to EBITDA	3.42	2.94	2.82	2.77	2.70	2.49	2.55	1.91	2.21	3.10	2.74
Debt to NOPAT	27.01	9.85	7.29	6.70	3.89	4.05	4.11	4.20	5.00	5.30	5.56
Net Debt to NOPAT	21.73	4.52	3.76	4.63	2.69	1.64	1.92	2.63	3.52	2.48	3.50
Long-Term Debt to NOPAT	27.01	9.85	7.29	6.70	3.89	4.05	4.11	3.12	3.72	5.30	5.56
Altman Z-Score	3.19	2.85	2.91	2.87	3.09	2.84	2.90	2.85	2.78	2.86	2.64
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.33	2.33	2.49	2.58	2.45	2.38	2.43	1.62	1.60	2.15	2.06
Quick Ratio	1.55	1.75	1.64	1.54	1.69	1.82	1.64	0.96	1.05	1.61	1.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	433	576	552	478	364	154	-32	3.23	304	9.10	-588
Operating Cash Flow to CapEx	1,034.62%	3,794.24%	241.25%	-1,459.91%	203.52%	3,240.31%	119.17%	-1,293.18%	233.11%	2,230.24%	-51.12%
Free Cash Flow to Firm to Interest Expense	14.08	18.41	18.35	15.93	12.40	5.23	-1.10	0.11	10.32	0.30	-18.91
Operating Cash Flow to Interest Expense	8.01	30.33	1.18	-8.43	5.31	29.36	0.85	-10.22	2.45	25.97	-0.74
Operating Cash Flow Less CapEx to Interest Expense	7.23	29.53	0.69	-9.01	2.70	28.46	0.14	-11.01	1.40	24.80	-2.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.82	0.86	0.91	0.92	0.84	0.83	0.88	0.88	0.80	0.81	0.86
Accounts Receivable Turnover	3.54	5.60	8.07	6.27	3.51	5.16	8.26	6.54	3.65	5.09	8.16
Inventory Turnover	3.02	3.90	3.42	3.14	3.49	4.93	3.98	3.15	3.32	5.15	4.19
Fixed Asset Turnover	11.58	11.64	11.77	11.94	11.03	10.96	11.15	10.98	9.90	9.67	9.47
Accounts Payable Turnover	5.98	6.25	8.86	7.38	5.99	6.29	8.34	6.51	5.57	5.75	8.09
Days Sales Outstanding (DSO)	103.18	65.14	45.22	58.17	103.91	70.73	44.18	55.82	100.11	71.69	44.75
Days Inventory Outstanding (DIO)	121.03	93.61	106.67	116.42	104.62	74.05	91.67	115.72	109.90	70.88	87.07
Days Payable Outstanding (DPO)	61.04	58.36	41.19	49.45	60.90	58.04	43.75	56.04	65.50	63.52	45.09
Cash Conversion Cycle (CCC)	163.16	100.39	110.71	125.14	147.63	86.74	92.11	115.49	144.51	79.05	86.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,909	3,218	3,226	3,583	3,923	3,211	3,221	3,638	3,907	3,322	3,573
Invested Capital Turnover	1.29	1.59	1.55	1.43	1.37	1.67	1.67	1.48	1.34	1.64	1.58
Increase / (Decrease) in Invested Capital	-284	-403	-577	-407	14	-7.27	-4.84	55	-16	111	352
Enterprise Value (EV)	9,675	7,738	8,015	7,205	8,085	6,920	7,508	7,834	7,068	7,255	5,858
Market Capitalization	7,802	6,669	6,815	5,595	6,475	5,973	6,416	6,368	5,423	6,166	4,391
Book Value per Share	$5.75	$6.08	$5.89	$5.73	$6.80	$6.72	$6.45	$6.73	$7.02	$7.18	$6.97
Tangible Book Value per Share	$0.73	$1.05	$0.75	$0.62	$1.62	$1.55	$1.18	$1.32	$1.63	$1.63	$0.12
Total Capital	4,364	4,479	4,356	4,305	4,646	4,598	4,465	4,508	4,599	4,565	4,439
Total Debt	2,329	2,330	2,331	2,332	2,333	2,334	2,335	2,337	2,338	2,332	2,333
Total Long-Term Debt	2,329	2,330	2,331	2,332	2,333	2,334	2,335	1,738	1,738	2,332	2,333
Net Debt	1,873	1,069	1,201	1,610	1,610	946	1,092	1,466	1,646	1,089	1,467
Capital Expenditures (CapEx)	24	25	15	17	77	27	21	23	31	36	45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,282	519	506	871	1,158	423	396	801	1,088	430	415
Debt-free Net Working Capital (DFNWC)	1,738	1,780	1,636	1,593	1,882	1,811	1,640	1,672	1,780	1,673	1,281
Net Working Capital (NWC)	1,738	1,780	1,636	1,593	1,882	1,811	1,640	1,073	1,181	1,673	1,281
Net Nonoperating Expense (NNE)	1.87	26	3.42	13	5.86	5.54	3.23	4.92	9.43	14	-297
Net Nonoperating Obligations (NNO)	1,873	1,069	1,201	1,610	1,610	946	1,092	1,466	1,646	1,089	1,467
Total Depreciation and Amortization (D&A)	58	64	57	68	63	58	60	60	51	47	48
Debt-free, Cash-free Net Working Capital to Revenue	24.54%	9.53%	9.31%	16.04%	21.63%	7.87%	7.34%	15.02%	20.82%	8.04%	7.72%
Debt-free Net Working Capital to Revenue	33.27%	32.71%	30.10%	29.35%	35.15%	33.67%	30.38%	31.33%	34.06%	31.28%	23.80%
Net Working Capital to Revenue	33.27%	32.71%	30.10%	29.35%	35.15%	33.67%	30.38%	20.11%	22.59%	31.28%	23.80%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.41	$0.42	($0.08)	$0.17	$1.10	$0.40	($0.12)	$0.16	$0.88	$0.33	$0.21
Adjusted Weighted Average Basic Shares Outstanding	354.14M	353.59M	346.89M	342.20M	339.06M	340.44M	327.49M	323.53M	315.83M	318.16M	297.49M
Adjusted Diluted Earnings per Share	$0.41	$0.41	($0.08)	$0.17	$1.09	$0.40	($0.12)	$0.16	$0.88	$0.32	$0.20
Adjusted Weighted Average Diluted Shares Outstanding	357.47M	357.11M	346.89M	344.41M	341.22M	343.34M	327.49M	325.53M	318.07M	321.79M	300.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	353.23M	344M	344.10M	339.90M	336.90M	330.20M	322.90M	322.20M	310.80M	302.20M	290.60M
Normalized Net Operating Profit after Tax (NOPAT)	332	98	-25	70	378	146	-37	58	288	120	-72
Normalized NOPAT Margin	17.29%	6.05%	-3.07%	6.52%	20.51%	8.89%	-4.49%	5.72%	16.58%	6.81%	-8.34%
Pre Tax Income Margin	23.46%	7.09%	-6.66%	5.51%	25.58%	8.82%	-9.59%	6.18%	20.65%	6.64%	2.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.50	4.36	-1.37	2.57	16.73	5.54	-2.26	2.72	12.88	4.58	1.46
NOPAT to Interest Expense	4.82	5.54	-0.83	2.35	12.88	4.99	-1.27	1.99	9.78	3.92	-7.59
EBIT Less CapEx to Interest Expense	14.73	3.56	-1.86	1.99	14.12	4.63	-2.97	1.93	11.83	3.41	0.02
NOPAT Less CapEx to Interest Expense	4.05	4.74	-1.32	1.77	10.27	4.08	-1.98	1.19	8.73	2.76	-9.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	132.09%	94.71%	91.96%	109.60%	65.93%	73.83%	86.83%	77.91%	125.89%	150.91%	128.27%

Financials Breakdown Chart

Frequently Asked Questions About Mattel's Financials

When does Mattel's financial year end?

According to the most recent income statement we have on file, Mattel's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Mattel's net income changed over the last 10 years?

Mattel's net income appears to be on an upward trend, with a most recent value of $397.58 million in 2025, rising from $369.42 million in 2015. The previous period was $541.82 million in 2024. View Mattel's forecast to see where analysts expect Mattel to go next.

What is Mattel's operating income?

Mattel's total operating income in 2025 was $546.42 million, based on the following breakdown:

Total Gross Profit: $2.61 billion
Total Operating Expenses: $2.06 billion

How has Mattel's revenue changed over the last 10 years?

Over the last 10 years, Mattel's total revenue changed from $5.70 billion in 2015 to $5.35 billion in 2025, a change of -6.2%.

How much debt does Mattel have?

Mattel's total liabilities were at $4.41 billion at the end of 2025, a 3.0% increase from 2024, and a 13.0% increase since 2015.

How much cash does Mattel have?

In the past 10 years, Mattel's cash and equivalents has ranged from $594.48 million in 2018 to $1.39 billion in 2024, and is currently $1.24 billion as of their latest financial filing in 2025.

How has Mattel's book value per share changed over the last 10 years?

Over the last 10 years, Mattel's book value per share changed from 7.76 in 2015 to 7.18 in 2025, a change of -7.4%.

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Financial statements for NASDAQ:MAT last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Mattel (MAT) Financials

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Mattel (MAT) Financials

Annual Income Statements for Mattel

Quarterly Income Statements for Mattel

Annual Cash Flow Statements for Mattel

Quarterly Cash Flow Statements for Mattel

Annual Balance Sheets for Mattel

Quarterly Balance Sheets for Mattel

Annual Metrics And Ratios for Mattel

Quarterly Metrics And Ratios for Mattel

Financials Breakdown Chart

Frequently Asked Questions About Mattel's Financials

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