HAS HASBRO, INC.

Overview and Growth

In fiscal 2025, HASBRO, INC. recorded $5.37B of revenue, net loss of $322.40M, and an operating cash inflow of $893.20M. Revenue of $5.37B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $4.75B in fiscal 2024, revenue recorded a 13.1% year-over-year increase. On a per-share basis, diluted EPS was -$2.30, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 183.6% decrease from fiscal 2024 diluted EPS of $2.75. Revenue equaled 0.97x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $4.07B as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 75.8% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced $11.10M of income after the reported operating expense base, before the remaining non-operating and tax effects. Operating margin measured 0.2%, showing the portion of revenue preserved after the full set of operating costs. After all below-operating-line items, the company recorded a net loss of $322.40M for the fiscal year. The net loss equaled 6.0% of revenue, showing the bottom-line deficit relative to the company’s sales base. Before income taxes, the company recorded a loss of $102.00M, bridging the operating result to the final net loss. The pretax loss equaled 1.9% of revenue, measuring the pre-tax deficit against sales. The reported income-tax provision was $216.20M, the amount recognized between pretax income and the final net-income result. Relative to period-end equity, the net loss represented 57.0%. Relative to total assets, the net loss represented 5.8%.

Liquidity and Capital Structure

At period end, the $5.55B asset base was financed through $4.99B of liabilities and $565.50M of equity. At period end, current assets of $2.58B compared with current liabilities of $1.87B, defining the company’s short-term resource position. Current assets covered current liabilities by 1.38x, leaving a positive buffer for near-term obligations. The company held $776.60M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 41.5%, excluding receivables and other current assets. Borrowings totaled $3.26B, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 5.77x, placing the company’s financial leverage in clear balance-sheet terms. Debt represented 58.8% of total assets, placing borrowing in the context of the company’s full resource base. Liabilities represented 89.8% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 14.0% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 12.4% lower than fiscal 2024 assets of $6.34B, measuring the company’s own balance-sheet change. Book equity was 52.3% lower than fiscal 2024 equity of $1.19B, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $893.20M, a reported cash inflow that can be compared directly with net income and capital spending. Capital expenditures used $63.30M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 7.1% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $829.90M of positive free cash flow for the period. The free-cash-flow margin was 15.5%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 14.9% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 28, 2025. Analysis generated Oct 21, 2026.