MAT FY 2025 Earnings Report — Mattel, Inc. Revenue & Financial Results | Market Cap Arena

Mattel, Inc.MAT

FY 2025 Earnings

Reported February 23, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$5.3B	—	$5.4B	—	-0.6%
Op. Income	$620M	—	$694M	—	-10.7%
Gross Margin	48.9%	—	50.8%	—	-2.0pp
Net Margin	7.4%	—	10.1%	—	-2.6pp
EPS (Diluted)	$1.24	—	$1.58	—	-21.5%
Free Cash Flow	$0	—	$598M	—	-100.0%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$522M
General & Administrative	$1.5B
SG&A Expenses	$2.0B
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$4.7B
OPERATING INCOME	$620M
Interest Income	$45M
Interest Expense	$119M
Other Income/Expenses	-$133M
INCOME BEFORE TAX	$487M
Income Tax Expense	$90M
Net Income from Continuing Ops	$398M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$398M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$398M
D&A	$168M
EBIT	$606M
EBITDA	$774M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$522M
General & Administrative	$1.5B
SG&A Expenses	$2.0B
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$4.7B
OPERATING INCOME	$620M
Interest Income	$45M
Interest Expense	$119M
Other Income/Expenses	-$133M
INCOME BEFORE TAX	$487M
Income Tax Expense	$90M
Net Income from Continuing Ops	$398M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$398M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$398M
D&A	$168M
EBIT	$606M
EBITDA	$774M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$398M
Depreciation & Amortization	$168M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$28M
Change in Working Capital	$0
OPERATING CASH FLOW	$593M
Capital Expenditure	-$593M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$155M
NET CASH FROM INVESTING	-$155M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$583M
NET CASH FROM FINANCING	-$583M
FREE CASH FLOW	$0
Net Change in Cash	-$145M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$563M
Other Current Assets	$227M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$910M
Goodwill	$1.4B
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$6.6B
Account Payables	$1.4B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$2.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$81M
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$4.4B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$2.2B
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$2.9B
Net Debt	$1.6B