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MAT

Mattel, Inc.

MAT

Mattel, Inc. • NASDAQ
$21.12 ▼ -0.56% (-0.12)
Market Cap $6.87 B
52w High $22.07
52w Low $13.95
Dividend Yield 0%
P/E 16
Volume 1.62M
Outstanding Shares 325.10M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.736B ▲ $488.4M ▲ $278.367M ▲ 16.035% ▲ $0.85 ▲ $436.221M ▲
Q2-2025 $1.019B ▲ $440.452M ▼ $53.352M ▲ 5.238% ▲ $0.16 ▲ $152.578M ▲
Q1-2025 $826.629M ▼ $461.076M ▼ $-40.319M ▼ -4.878% ▼ $-0.12 ▼ $10.258M ▼
Q4-2024 $1.646B ▼ $677.214M ▲ $140.862M ▼ 8.556% ▼ $0.41 ▼ $233.01M ▼
Q3-2024 $1.844B $490.655M $372.376M 20.195% $1.1 $563.571M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $691.893M ▼ $6.593B ▲ $4.332B ▲ $2.261B ▲
Q2-2025 $870.452M ▼ $6.249B ▲ $4.077B ▲ $2.172B ▲
Q1-2025 $1.244B ▼ $6.206B ▼ $4.077B ▼ $2.13B ▼
Q4-2024 $1.388B ▲ $6.544B ▲ $4.28B ▲ $2.264B ▼
Q3-2024 $723.532M $6.514B $4.201B $2.313B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $278.357M ▲ $71.969M ▲ $-42.924M ▼ $-203.867M ▼ $-178.559M ▲ $23.137M ▲
Q2-2025 $53.352M ▲ $-300.082M ▼ $-23.259M ▲ $-60.476M ▲ $-373.244M ▼ $-339.907M ▼
Q1-2025 $-40.319M ▼ $24.814M ▼ $-31.322M ▲ $-161.918M ▼ $-144.212M ▼ $-11.38M ▼
Q4-2024 $140.8M ▼ $862.149M ▲ $-37.303M ▲ $-135.124M ▼ $664.376M ▲ $816.464M ▲
Q3-2024 $372.376M $155.822M $-79.042M $-74.209M $1.122M $64.332M

Revenue by Products

Product Q2-2020Q3-2020Q2-2025Q3-2025
International Segment
International Segment
 $0 ▲$0 ▲$510.00M ▲$760.00M ▲
Action FiguresBuilding SetsGames
Action FiguresBuilding SetsGames
 $200.00M ▲$350.00M ▲$0 ▼$0 ▲
Dolls
Dolls
 $260.00M ▲$690.00M ▲$0 ▼$0 ▲
InfantToddlerPreschool
InfantToddlerPreschool
 $200.00M ▲$400.00M ▲$0 ▼$0 ▲
Toy Vehicles
Toy Vehicles
 $160.00M ▲$370.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Mattel’s sales have been fairly steady in recent years, with a clear step up from pandemic levels but no major growth spurt yet. The good news is that profitability has improved after a soft patch: margins are healthier than a couple of years ago and net profit has bounced back from a weaker 2023, though it’s still below the one standout year earlier in the period. Overall, the business looks more consistently profitable than it used to be, but it is not yet a strong growth story on the top line.

Balance Sheet

Balance Sheet The balance sheet has strengthened meaningfully over the last five years. Assets have inched higher, cash reserves are noticeably better than a few years ago, and equity has rebuilt from a low base, which reduces financial fragility. Debt remains significant but has been trimmed from earlier levels, making leverage more manageable. In simple terms, Mattel today looks financially sturdier and less stretched than it did at the start of the period.

Cash Flow

Cash Flow Cash generation has improved and become more reliable. Operating cash flow is solid compared with earlier years, and free cash flow has grown steadily, even after funding ongoing investments in the business. Capital spending remains relatively modest, suggesting the company is not overextending to chase growth. Overall, Mattel is turning a larger share of its profits into real cash, giving it more flexibility to invest in brands, content, and technology or to reduce debt over time.

Competitive Edge

Competitive Edge Mattel’s core strength is its portfolio of deeply rooted, globally recognized brands such as Barbie and Hot Wheels. These names carry strong emotional ties, support premium pricing, and create a real barrier for new entrants. The company is actively turning its toy brands into broader entertainment franchises across film, TV, gaming, and licensing, which reinforces brand visibility and can feed back into toy demand. However, the company still operates in a highly competitive, hit‑driven toy and entertainment market, where trends change quickly and rivals like other major toy and media companies are also fighting for children’s attention, especially in digital spaces.

Innovation and R&D

Innovation and R&D Mattel is leaning heavily into innovation, especially around technology and storytelling. It is experimenting with AI‑enhanced toys, using partnerships with large tech platforms to better understand consumers and create more personalized play experiences. The company has already blended physical and digital play in products like connected cars and augmented‑reality games. Beyond toys, Mattel Studios is building out a slate of films and series based on its brands, and the company is pushing into digital gaming and direct‑to‑consumer platforms for collectors and fans. The opportunity is significant, but the strategy depends on successful execution in areas—like movies, games, and advanced tech toys—that are riskier and less predictable than traditional toy manufacturing.

Summary

Mattel appears to be a more profitable and financially resilient company than it was several years ago, with steadier earnings, stronger cash generation, and a healthier balance sheet. Strategically, it is in the middle of a major shift from being primarily a toymaker to becoming an intellectual‑property and entertainment company built around its iconic brands. This creates new avenues for growth in film, gaming, and digital experiences, while also reinforcing toy demand. At the same time, it raises execution risk: future performance will depend heavily on the success of new content, the reception of tech‑enabled products, and the company’s ability to keep its brands relevant in a fast‑moving, trend‑driven market.

NEWS

November 19, 2025 · 4:05 PM UTC

Mattel to Participate in the Morgan Stanley Global Consumer & Retail Conference

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November 18, 2025 · 8:00 AM UTC

Mattel Accelerates UNO Elite™ with Formula 1® Partnership, Launching a New Immersive Game for Racing Fans

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November 15, 2025 · 5:00 PM UTC

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November 5, 2025 · 7:45 PM UTC

Mattel, Inc. Announces Pricing of Senior Notes Offering

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October 30, 2025 · 11:00 AM UTC

From the Garage to the Global Stage: Hot Wheels Legends Tour Presented by Mobil 1 Showcases Top Builds of 2025

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