Hasbro (HAS) financial statements
Hasbro reported revenue of $4.7B in fiscal 2025, down 0.7% a year over 9 years.
Net income was -$322M and the operating margin 0.2%, against 15.7% in 2016.
Free cash flow was $695M, and the company returned $392M in dividends.
The diluted share count rose 10% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hasbro's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0B | $5.2B | $4.6B | $4.7B | $5.5B | $6.4B | $5.9B | $5.0B | $4.1B | $4.7B |
| Cost of revenue | $1.9B | $2.0B | $1.9B | $1.8B | $1.7B | $1.9B | $1.9B | $1.7B | $1.2B | $1.3B |
| Gross profit | $3.1B | $3.2B | $2.7B | $2.9B | $3.7B | $4.5B | $3.9B | $3.3B | $3.0B | $3.4B |
| Research and development | $266M | $269M | $246M | $262M | $260M | $316M | $308M | $307M | $294M | $386M |
| Selling, general and admin | $1.1B | $1.1B | $1.3B | $1.0B | $1.3B | $1.4B | $1.7B | $1.5B | $1.2B | $1.2B |
| Operating income | $788M | $810M | $331M | $652M | $502M | $763M | $408M | -$1.5B | $690M | $11M |
| Interest expense | $97M | $98M | $91M | $102M | $201M | $180M | $171M | $186M | $171M | $163M |
| Pre-tax income | $692M | $786M | $270M | $594M | $322M | $582M | $262M | -$1.7B | $497M | -$102M |
| Income tax | $159M | $390M | $50M | $74M | $97M | $147M | $58M | -$221M | $103M | $216M |
| Net income | $551M | $397M | $220M | $520M | $222M | $429M | $204M | -$1.5B | $386M | -$322M |
| EPS (diluted) | $4.34 | $3.12 | $1.74 | $4.05 | $1.62 | $3.10 | $1.46 | -$10.73 | $2.75 | -$2.30 |
| Diluted shares | 127M | 127M | 127M | 128M | 138M | 138M | 139M | 139M | 140M | 140M |
| Gross margin | 62.0% | 61.0% | 59.6% | 61.7% | 68.5% | 70.0% | 67.4% | 65.9% | 71.5% | 72.4% |
| Operating margin | 15.7% | 15.6% | 7.2% | 13.8% | 9.2% | 11.9% | 7.0% | -30.8% | 16.7% | 0.2% |
| Net margin | 11.0% | 7.6% | 4.8% | 11.0% | 4.1% | 6.7% | 3.5% | -29.8% | 9.3% | -6.9% |
Balance sheet
Fiscal years, from Hasbro's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.3B | $1.6B | $1.2B | $4.6B | $1.4B | $1.0B | $513M | $545M | $695M | $777M |
| Receivables | $1.3B | $1.4B | $1.2B | $1.4B | $1.4B | $1.5B | $1.1B | $1.0B | $920M | $1.1B |
| Inventory | $388M | $433M | $443M | $446M | $396M | $552M | $677M | $332M | $274M | $260M |
| Total current assets | $3.2B | $3.6B | $3.1B | $6.7B | $3.8B | $3.7B | $3.0B | $2.3B | $2.2B | $2.6B |
| Property, plant and equipment | $267M | $260M | $256M | $382M | $489M | $421M | $423M | $334M | $303M | $248M |
| Goodwill | $571M | $573M | $486M | $495M | $3.7B | $3.4B | $3.5B | $2.3B | $2.3B | $1.3B |
| Total assets | $5.1B | $5.3B | $5.3B | $8.9B | $10.8B | $10.0B | $9.3B | $6.5B | $6.3B | $5.6B |
| Total current liabilities | $1.6B | $1.3B | $1.3B | $1.3B | $2.4B | $2.5B | $2.2B | $2.1B | $1.4B | $1.9B |
| Long-term debt | $1.2B | $1.7B | $1.7B | $4.0B | $4.7B | $3.8B | $3.7B | $3.0B | $3.4B | $2.8B |
| Total liabilities | $3.2B | $3.5B | $3.5B | $5.9B | $7.9B | $7.0B | $6.4B | $5.5B | $5.2B | $5.0B |
| Shareholders' equity | $1.9B | $1.8B | $1.8B | $3.0B | $2.9B | $3.1B | $2.9B | $1.1B | $1.2B | $566M |
| Net debt | $266M | $112M | $513M | -$534M | $3.6B | $3.0B | $3.3B | $2.9B | $2.7B | $2.5B |
Cash flow
Fiscal years, from Hasbro's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $817M | $724M | $646M | $653M | $976M | $818M | $373M | $726M | $847M | $893M |
| Capital spending | $155M | $135M | $140M | $134M | $126M | $133M | $174M | $209M | $198M | $198M |
| Free cash flow | $662M | $590M | $506M | $520M | $850M | $685M | $199M | $516M | $650M | $695M |
| Stock-based compensation | $62M | $56M | $28M | $28M | $50M | $98M | $83M | $72M | $51M | $80M |
| Dividends paid | $249M | $277M | $309M | $337M | $373M | $374M | $385M | $388M | $390M | $392M |
| Share buybacks (net) | -$150M | -$151M | -$250M | -$61M | $0 | $0 | -$125M | $0 | $0 | — |
| Net borrowing | $9M | $125M | -$142M | $2.4B | $828M | -$1.1B | -$60M | -$399M | -$83M | -$118M |
| Free cash flow margin | 13.2% | 11.3% | 11.0% | 11.0% | 15.6% | 10.7% | 3.4% | 10.3% | 15.7% | 14.8% |
| Dividends per share | $1.96 | $2.18 | $2.44 | $2.62 | $2.71 | $2.71 | $2.77 | $2.80 | $2.78 | $2.80 |
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Open HAS in InvestinglyQuestions
What was Hasbro's revenue in 2025?
$4.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does Hasbro generate?
$695M in fiscal 2025 (operating cash flow minus capital spending).
From Hasbro's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.