MAT

MKT CAP:$4B

Mattel, Inc.

Market Cap

$4B

Consumer Cyclical·Leisure·🇺🇸 United States·NASDAQ

Consumer Cyc.·Leisure·🇺🇸·NASDAQ

Stock Price

$14.76-$5.28 (-26.35%)

Apr 23, 2026

Company Details

Mattel, Inc., a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as ...

CEO

Ynon Kreiz

IPO Date

Jun 17, 1976

Website

www.mattel.com

Key Metrics TTM

Revenue

$5.3B

-0.6% YoY

Net Income

$398M

EPS (Diluted)

$1.24

Free Cash Flow

$411M

Revenue / Share

$17.48

Gross Margin

48.8%

Operating Margin

10.6%

Net Margin

7.4%

FCF Margin

7.7%

P/S

0.8x

P/E

11.1x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 23, 2026

$5.3B-0.6%EPS $1.24

Q4 2025

Feb 23, 2026

$1.8B+7.3%EPS $0.34

Q3 2025

Oct 29, 2025

$1.7B-5.9%EPS $0.86

Q2 2025

Jul 29, 2025

$1.0B-5.7%EPS $0.16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$1.0B	$483M	$80M
Q2 22	$1.2B	$549M	$125M
Q3 22	$1.8B	$847M	$391M
Q4 22	$1.4B	$603M	$79M
Q1 23	$815M	$326M	-$115M
Q2 23	$1.1B	$490M	$63M
Q3 23	$1.9B	$978M	$474M
Q4 23	$1.6B	$790M	$140M
Q1 24	$810M	$389M	-$36M
Q2 24	$1.1B	$531M	$83M
Q3 24	$1.8B	$979M	$488M
Q4 24	$1.6B	$835M	$158M
Q1 25	$827M	$408M	-$53M
Q2 25	$1.0B	$519M	$78M
Q3 25	$1.7B	$868M	$380M
Q4 25	$1.8B	$812M	$161M

Valuation

Quarter	P/S	P/E
Q1 22	0.8x	4.3x
Q2 22	0.8x	4.0x
Q3 22	0.8x	7.3x
Q4 22	0.8x	11.2x
Q1 23	0.9x	16.6x
Q2 23	0.9x	19.5x
Q3 23	0.8x	53.2x
Q4 23	0.8x	20.7x
Q1 24	0.8x	15.1x
Q2 24	0.8x	13.7x
Q3 24	0.8x	8.1x
Q4 24	0.8x	8.2x
Q1 25	0.8x	8.4x
Q2 25	0.8x	8.4x
Q3 25	0.8x	10.2x
Q4 25	0.8x	11.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$144M	-$180M
Q2 22	-$281M	-$324M
Q3 22	$150M	$101M
Q4 22	$718M	$658M
Q1 23	-$206M	-$249M
Q2 23	-$119M	-$150M
Q3 23	$246M	$202M
Q4 23	$949M	$907M
Q1 24	$35M	$5M
Q2 24	-$253M	-$288M
Q3 24	$156M	$64M
Q4 24	$862M	$816M
Q1 25	$25M	-$11M
Q2 25	-$300M	-$340M
Q3 25	$72M	$23M
Q4 25	$797M	$739M

Capital Expenditures

Quarter	CapEx
Q1 22	$36M
Q2 22	$42M
Q3 22	$49M
Q4 22	$59M
Q1 23	$43M
Q2 23	$30M
Q3 23	$44M
Q4 23	$43M
Q1 24	$30M
Q2 24	$35M
Q3 24	$91M
Q4 24	$46M
Q1 25	$36M
Q2 25	$40M
Q3 25	$49M
Q4 25	$57M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+19.1%	+14.4%
Q2 22	+20.4%	+13.6%
Q3 22	-0.4%	-0.6%
Q4 22	-21.9%	-14.0%
Q1 23	-21.8%	-3.3%
Q2 23	-12.0%	-7.8%
Q3 23	+9.3%	+5.9%
Q4 23	+15.6%	+11.9%
Q1 24	-0.6%	-9.1%
Q2 24	-0.7%	-2.7%
Q3 24	-3.9%	-6.2%
Q4 24	+1.6%	+0.5%
Q1 25	+2.1%	+4.1%
Q2 25	-5.7%	-5.7%
Q3 25	-5.9%	+0.0%
Q4 25	+7.3%	+7.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$19M	1.9%
Q2 22	$19M	1.5%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$17M	2.1%
Q2 23	$20M	1.8%
Q3 23	$15M	0.8%
Q4 23	$0	0.0%
Q1 24	$18M	2.2%
Q2 24	$20M	1.8%
Q3 24	$20M	1.1%
Q4 24	$0	0.0%
Q1 25	$20M	2.4%
Q2 25	$19M	1.8%
Q3 25	$22M	1.3%
Q4 25	$19M	1.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	—	$329M	$74M
Q2 22	—	$334M	$90M
Q3 22	—	$328M	$128M
Q4 22	—	$281M	$243M
Q1 23	—	$365M	$76M
Q2 23	—	$337M	$90M
Q3 23	—	$380M	$124M
Q4 23	—	$416M	$234M
Q1 24	—	$353M	$71M
Q2 24	—	$374M	$74M
Q3 24	—	$386M	$105M
Q4 24	—	$420M	$257M
Q1 25	—	$391M	$70M
Q2 25	$49M	$361M	$79M
Q3 25	$55M	$370M	$118M
Q4 25	—	$397M	$255M

Revenue Segments

Quarter

Revenue by Geography

Quarter	International Segment	North America Segment
Q1 22	$404M	$637M
Q2 22	$476M	$759M
Q3 22	$705M	$1.1B
Q1 23	$344M	$470M
Q2 23	$463M	$624M
Q3 23	$772M	$1.1B
Q4 23	$652M	$969M
Q1 24	$332M	$478M
Q2 24	$473M	$606M
Q3 24	$736M	$1.1B
Q4 24	$671M	$976M
Q1 25	$335M	$491M
Q2 25	$508M	$511M
Q3 25	$758M	$978M
Q4 25	$746M	$1.0B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$537M	$0	$537M
Q2 22	$275M	$0	$275M
Q3 22	$349M	$0	$349M
Q4 22	$761M	$0	$761M
Q1 23	$462M	$0	$462M
Q2 23	$300M	$0	$300M
Q3 23	$456M	$0	$456M
Q4 23	$1.3B	$0	$1.3B
Q1 24	$1.1B	$0	$1.1B
Q2 24	$722M	$0	$722M
Q3 24	$724M	$0	$724M
Q4 24	$1.4B	$0	$1.4B
Q1 25	$1.2B	$0	$1.2B
Q2 25	$870M	$0	$870M
Q3 25	$692M	$0	$692M
Q4 25	$1.2B	$0	$1.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	359M	+0.3%	+2.9%
Q2 22	360M	+0.2%	+3.0%
Q3 22	360M	+0.1%	+1.7%
Q4 22	359M	-0.3%	+0.3%
Q1 23	355M	-1.1%	-1.1%
Q2 23	357M	+0.6%	-0.7%
Q3 23	357M	+0.1%	-0.8%
Q4 23	354M	-1.1%	-1.5%
Q1 24	347M	-1.9%	-2.3%
Q2 24	344M	-0.7%	-3.6%
Q3 24	341M	-0.9%	-4.5%
Q4 24	336M	-1.4%	-4.8%
Q1 25	328M	-2.6%	-5.6%
Q2 25	326M	-0.6%	-5.5%
Q3 25	322M	-1.0%	-5.5%
Q4 25	306M	-5.1%	-9.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$28.7K	36K
Q2 22	$34.0K	36K
Q3 22	$48.4K	36K
Q4 22	$41.4K	34K
Q1 23	$24.0K	34K
Q2 23	$32.1K	34K
Q3 23	$56.6K	34K
Q4 23	$49.1K	33K
Q1 24	$24.5K	33K
Q2 24	$32.7K	33K
Q3 24	$55.9K	33K
Q4 24	$48.4K	34K
Q1 25	$24.3K	34K
Q2 25	$30.0K	34K
Q3 25	$51.1K	34K
Q4 25	$57.0K	31K

Revenue / Employee