Hasbro, Inc. (HAS) AI Stock Analysis

NASDAQ: HASAI research summary: business, growth, valuation, analysts, bull and bear case.

HAS AI stock analysis summary

AI Research

Hasbro, Inc. is an S&P 500 play and entertainment company operating across consumer products, digital gaming, and entertainment content. Over the trailing twelve months, the company generated $4.97B in revenue with an operating margin of 22.2%. In the latest quarter ended June 30, 2026, quarterly revenue increased 16.2% year-over-year while quarterly earnings expanded 98.6%.

Market cap
$13.93B
Revenue (TTM)
$4.97B
P/E
17.8x
fwd 13.5x
1Y return
37.0%
S&P 500 16.8%
Avg. target
$111.38
12.8% vs last close

Bull case

  • In the quarter ended June 30, 2026, Hasbro generated 98.6% year-over-year earnings growth and 16.2% revenue growth.
  • Free cash flow reached $829.9M in FY2025, funding a 2.84% dividend yield supported by 41 consecutive years of payments.
  • Hasbro trades at a forward P/E of 13.5x and an EV-to-EBITDA of 8.8x, both below the peer medians of 15.7x and 13.8x.

Bear case

  • Hasbro reported net losses in two of its last three fiscal years, posting -$1.49B in FY2023 and -$322.4M in FY2025.
  • The balance sheet carries $3.57B in total debt and $2.19B in net debt, creating an elevated debt-to-equity ratio of 5.06.
  • Long-term revenue contracted at a 5-year CAGR of -3.0% from FY2020 to FY2025.

What Hasbro does

Hasbro, Inc. operates as a play and entertainment company overseeing consumer products, digital gaming, and entertainment content. Its Consumer Products segment sources, markets, and sells toys and games, including action figures, dolls, preschool toys, and licensed goods, while out-licensing intellectual property to third parties. The Wizards of the Coast and Digital Gaming segment develops trading card games, role-playing games, and digital gaming experiences. Furthermore, its Entertainment segment creates and distributes films, television series, family programming, and digital content. Hasbro distributes these offerings globally through retailers, distributors, and e-commerce platforms, including its proprietary Hasbro PULSE website.

Growth and profitability

Hasbro's annual revenue moved from $6.42B in FY2021 to $5.86B in FY2022, $5.00B in FY2023, $4.14B in FY2024, and $4.70B in FY2025, representing a 5-year revenue CAGR of -3.0%. Net income fluctuated from $428.7M in FY2021 to $203.5M in FY2022, -$1.49B in FY2023, $385.6M in FY2024, and -$322.4M in FY2025. Gross margin was 63.8% in FY2025 compared to 60.3% in FY2021, though operating margin declined to 0.2% from 11.9%. Trailing twelve month revenue reached $4.97B with an operating margin of 22.2% and EPS of $5.56. In the quarter ended June 30, 2026, revenue grew 16.2% year-over-year and earnings rose 98.6%.

HAS income statement →

Balance sheet and cash flow

As of June 30, 2026, Hasbro held $1.38B in cash and short-term investments alongside $3.57B in total debt, resulting in net debt of $2.19B. Shareholders' equity stood at $705.2M, yielding a debt-to-equity ratio of 5.06 and a current ratio of 1.66. In FY2025, the company generated $893.2M in operating cash flow and $829.9M in free cash flow. Capital deployment in FY2025 included $63.3M in capital expenditures and $392.5M in dividends paid, while share count increased 3.2% over five years.

HAS balance sheet →

Valuation and performance

Hasbro trades at a trailing P/E of 17.8x and a forward P/E of 13.5x, below the median of its S&P 500 Consumer Cyclical peers of 20.1x and 15.7x, respectively. Its enterprise value of $14.39B corresponds to an EV-to-EBITDA multiple of 8.8x, compared to the peer median of 13.8x. However, its price-to-sales multiple of 2.8x sits above the peer median of 2.0x, and its price-to-book ratio is 17.3x. Over the past year, Hasbro returned 37.0%, outperforming the S&P 500 (SPY) return of 16.8%, but its 5-year return of 30.6% trailed SPY's 83.0%.

HAS key metrics →

HAS dividend

Hasbro pays a quarterly dividend with an annualized forward rate of $2.80, representing a dividend yield of 2.84% and a payout ratio of 47.1%. The company has paid consecutive dividends for 41 years, recording a 5-year annualized dividend growth rate of 0.6%. Its last ex-dividend date was August 19, 2026.

HAS dividend history →

What analysts expect

Hasbro carries 10 Strong Buy, 2 Buy, and 2 Hold ratings from analysts, with no Sell or Strong Sell ratings. The consensus mean price target of $111.38 sits 12.8% above the last close of $98.76. For the fiscal year ending December 31, 2026, analysts estimate revenue of $5.06B and EPS of $6.15, implying 11.0% annual earnings growth. Hasbro has beaten EPS expectations in each of the last 4 quarters, and its next earnings date is October 20, 2026.

HAS forecast and price target →

Key risks and what to watch

  • A debt-to-equity ratio of 5.06 with $2.19B in net debt leaves the company with significant leverage relative to $705.2M in shareholders' equity.
  • Operating margins have shown historical volatility, dropping to -30.8% in FY2023 and finishing at 0.2% in FY2025.
  • Hasbro's 5-year return of 30.6% substantially lagged the S&P 500 return of 83.0%.
  • Short interest represents 6.7% of the float, indicating some bearish market sentiment.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this HAS AI stock analysis

This page is an AI-written research summary of Hasbro, Inc. (HAS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: HAS income statement, HAS balance sheet, HAS key metrics, HAS analyst forecast, HAS chart. See the HAS stock overview for the latest quote and news.

HAS AI stock analysis FAQ

What is Hasbro's dividend yield and track record?

Hasbro offers an annual forward dividend of $2.80 per share, which equates to a 2.84% dividend yield. The company pays dividends quarterly, maintains a 47.1% payout ratio, and has paid dividends for 41 consecutive years.

How is Hasbro valued compared to its sector peers?

Hasbro's forward P/E of 13.5x and EV-to-EBITDA of 8.8x are lower than the median of its S&P 500 Consumer Cyclical peers of 15.7x and 13.8x. However, its price-to-sales multiple of 2.8x is higher than the peer median of 2.0x.

What is Hasbro's current debt position?

As of June 30, 2026, Hasbro held $3.57B in total debt and $1.38B in cash and short-term investments, resulting in net debt of $2.19B. Its debt-to-equity ratio is 5.06 against $705.2M in shareholders' equity.

What are analysts forecasting for Hasbro's upcoming financial results?

For the fiscal year ending December 31, 2026, analysts expect revenue of $5.06B and EPS of $6.15. The consensus mean price target is $111.38, which is 12.8% above its last closing price of $98.76.

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