Mattel, Inc. (MAT) Key Metrics
MAT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.91B
- Enterprise value
- $6.00B
- P/E (TTM)
- 12.6 10-yr median 16.3
- Forward P/E
- 8.5
- PEG ratio
- 0.91
- Price / sales
- 0.9 10-yr median 1.2
- Price / book
- 1.9 10-yr median 4.1
- EV / EBITDA
- 7.5 10-yr median 14.4
- Dividend yield
- —
- Beta
- 0.70
MAT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMAT valuation Price multiples at each fiscal year-end price.
MAT returns How much profit the business earns on the capital it uses.
MAT per-share figures Results divided by the shares outstanding at year-end.
MAT financial health Debt, liquidity and how easily interest is covered.
MAT efficiency & capital use Working capital cycle and where the cash goes.
MAT valuation history
MAT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MAT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MAT cash returned to shareholders
MAT price vs earnings per share
MAT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.31B | $6.09B | $6.74B | $6.42B | $7.70B | $6.09B | $4.69B | $3.45B | $5.28B | $9.48B |
| Enterprise value | $7.75B | $7.39B | $8.15B | $8.33B | $9.90B | $8.51B | $7.25B | $5.71B | $7.33B | $10.94B |
| P/E ratio | 15.9 | 11.2 | 31.4 | 16.3 | 8.5 | 49.3 | — | — | — | 30.3 |
| Price / sales | 1.2 | 1.1 | 1.2 | 1.2 | 1.4 | 1.3 | 1.0 | 0.8 | 1.1 | 1.7 |
| Price / book | 2.8 | 2.7 | 3.1 | 3.1 | 4.9 | 10.0 | 9.5 | 5.1 | 4.2 | 3.9 |
| Price / free cash flow | 15.4 | 10.2 | 9.5 | 25.0 | 23.1 | 36.5 | 72.6 | — | — | 28.9 |
| Price / operating cash flow | 10.6 | 7.6 | 7.8 | 14.5 | 15.9 | 21.3 | 27.8 | — | — | 16.1 |
| EV / sales | 1.4 | 1.4 | 1.5 | 1.5 | 1.8 | 1.9 | 1.6 | 1.3 | 1.5 | 2.0 |
| EV / EBITDA | 10.0 | 7.5 | 14.5 | 9.5 | 10.4 | 15.0 | 25.4 | 146.6 | — | 14.4 |
| EV / free cash flow | 18.9 | 12.4 | 11.5 | 32.5 | 29.6 | 51.0 | 112.2 | — | — | 33.4 |
| Earnings yield | 6.3% | 8.9% | 3.2% | 6.1% | 11.7% | 2.0% | −4.7% | −15.5% | −20.0% | 3.3% |
| Free cash flow yield | 6.5% | 9.8% | 10.5% | 4.0% | 4.3% | 2.7% | 1.4% | −5.2% | −6.2% | 3.5% |
| Dividend yield | — | — | — | 0.0% | — | — | 0.0% | 0.0% | 5.9% | 5.5% |
| Shareholder yield (dividends + buybacks) | 9.5% | 6.6% | 3.0% | 0.5% | 0.3% | 0.1% | 0.0% | 0.0% | 5.9% | 5.5% |
| Share price at fiscal year-end | $19.84 | $17.73 | $18.88 | $17.84 | $21.56 | $17.45 | $13.55 | $9.99 | $15.38 | $27.55 |
| Per share | ||||||||||
| Revenue per share | $16.81 | $15.67 | $15.24 | $15.11 | $15.28 | $13.14 | $13.01 | $13.09 | $14.21 | $15.84 |
| Earnings per share | $1.25 | $1.58 | $0.60 | $1.10 | $2.53 | $0.35 | −$0.63 | −$1.55 | −$3.07 | $0.91 |
| Operating cash flow per share | $1.86 | $2.33 | $2.44 | $1.23 | $1.36 | $0.82 | $0.49 | −$0.08 | −$0.08 | $1.71 |
| Free cash flow per share | $1.29 | $1.74 | $1.99 | $0.71 | $0.94 | $0.48 | $0.19 | −$0.52 | −$0.95 | $0.95 |
| Cash per share | $3.91 | $4.04 | $3.53 | $2.12 | $2.05 | $2.18 | $1.82 | $1.72 | $3.14 | $2.53 |
| Book value per share | $7.02 | $6.59 | $6.02 | $5.72 | $4.39 | $1.75 | $1.42 | $1.94 | $3.66 | $6.99 |
| Tangible book value per share | $1.59 | $1.52 | $1.04 | $0.70 | −$0.83 | −$3.73 | −$4.20 | −$3.78 | −$2.27 | $1.04 |
| Dividends per share | — | — | — | $0.01 | — | — | $0.00 | $0.00 | $0.91 | $1.51 |
| Capex per share | $0.57 | $0.59 | $0.45 | $0.52 | $0.42 | $0.34 | $0.30 | $0.44 | $0.86 | $0.76 |
| Debt per share | $8.43 | $7.83 | $7.47 | $7.43 | $8.20 | $9.12 | $9.22 | $8.28 | $9.09 | $6.76 |
| Shares outstanding | 318.2M | 343.3M | 357.1M | 359.6M | 357.3M | 349.1M | 346.1M | 345.0M | 343.6M | 344.2M |
| Change in shares outstanding | −7.3% | −3.9% | −0.7% | +0.7% | +2.3% | +0.9% | +0.3% | +0.4% | −0.2% | +1.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.7% | 24.6% | 10.2% | 21.7% | 82.9% | 22.4% | −37.7% | −55.4% | −57.6% | 12.4% |
| Return on invested capital (ROIC) | 14.0% | 16.3% | 7.5% | 13.0% | 21.5% | 8.0% | 1.0% | −5.9% | −7.4% | 10.5% |
| Return on assets (ROA) | 6.0% | 8.3% | 3.4% | 6.3% | 15.1% | 2.3% | −4.1% | −9.3% | −16.6% | 4.8% |
| Return on tangible assets | 8.1% | 11.3% | 4.6% | 9.0% | 19.9% | 3.4% | −6.5% | −16.3% | −25.1% | 7.0% |
| Free cash flow margin | 7.7% | 11.1% | 13.0% | 4.7% | 6.1% | 3.6% | 1.4% | −4.0% | −6.7% | 6.0% |
| Income quality (OCF / net income) | 1.49 | 1.48 | 4.06 | 1.12 | 0.54 | 2.31 | — | — | — | 1.89 |
| Financial health | ||||||||||
| Total debt | $2.68B | $2.69B | $2.67B | $2.67B | $2.93B | $3.18B | $3.19B | $2.86B | $3.12B | $2.33B |
| Cash & short-term investments | $1.24B | $1.39B | $1.26B | $761.2M | $731.4M | $762.2M | $630.0M | $594.5M | $1.08B | $869.5M |
| Net debt | $1.44B | $1.30B | $1.41B | $1.91B | $2.20B | $2.42B | $2.56B | $2.26B | $2.04B | $1.46B |
| Debt / equity | 1.20 | 1.19 | 1.24 | 1.30 | 1.87 | 5.22 | 6.49 | 4.27 | 2.48 | 0.97 |
| Debt / assets | 0.40 | 0.41 | 0.41 | 0.43 | 0.46 | 0.58 | 0.60 | 0.54 | 0.50 | 0.36 |
| Net debt / EBITDA | 1.86 | 1.32 | 2.50 | 2.18 | 2.30 | 4.25 | 8.96 | 58.08 | — | 1.92 |
| Current ratio | 2.15 | 2.38 | 2.33 | 2.30 | 1.80 | 1.84 | 1.76 | 1.88 | 1.92 | 1.95 |
| Quick ratio | 1.76 | 2.00 | 1.90 | 1.54 | 1.31 | 1.45 | 1.37 | 1.44 | 1.55 | 1.55 |
| Interest coverage | 5.2 | 5.8 | 4.5 | 5.1 | 2.9 | 1.9 | 0.2 | -1.3 | -3.2 | 5.5 |
| Working capital | $1.67B | $1.81B | $1.78B | $1.54B | $1.28B | $1.14B | $971.1M | $1.10B | $1.49B | $1.43B |
| Invested capital | $3.67B | $3.56B | $3.55B | $3.97B | $3.77B | $3.03B | $3.05B | $2.93B | $3.30B | $3.86B |
| Tangible asset value | $505.8M | $521.8M | $371.7M | $252.6M | −$298.2M | −$1.30B | −$1.45B | −$1.30B | −$778.4M | $357.1M |
| Net current asset value | −$1.28B | −$1.15B | −$1.16B | −$1.39B | −$1.95B | −$2.43B | −$2.59B | −$2.22B | −$1.87B | −$1.15B |
| Graham number | $14.05 | $15.30 | $9.02 | $11.87 | $15.80 | $3.73 | — | — | — | $11.96 |
| Graham net-net per share | −$6.47 | −$5.50 | −$5.40 | −$6.31 | −$8.12 | −$8.95 | −$9.40 | −$8.64 | −$8.02 | −$6.02 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $2.7M | — | — | $0 | $0 | $312.0M | $518.5M |
| Share buybacks (net) | $600.0M | $400.0M | $203.0M | $30.4M | $20.0M | $7.3M | — | — | $0 | $0 |
| Dividend payout ratio | — | — | — | 0.7% | — | — | — | — | — | 165.7% |
| Dividends + buybacks / free cash flow | 145.9% | 66.9% | 28.6% | 12.9% | 6.0% | 4.4% | 0.0% | — | — | 158.2% |
| Capex / revenue | 3.4% | 3.8% | 2.9% | 3.4% | 2.8% | 2.6% | 2.3% | 3.4% | 6.1% | 4.8% |
| Capex / operating cash flow | 30.7% | 25.3% | 18.4% | 42.1% | 31.2% | 41.6% | 61.6% | — | — | 44.4% |
| Capex / depreciation | 0.83 | 0.82 | 0.90 | 0.78 | 0.65 | 0.61 | 0.42 | 0.56 | 1.08 | 1.00 |
| Stock-based compensation / revenue | 1.5% | 1.5% | 1.5% | 1.3% | 1.1% | 1.3% | 1.2% | 1.1% | 1.4% | 1.0% |
| R&D / revenue | — | 3.6% | 3.6% | 3.6% | 3.5% | 4.1% | 4.4% | 4.5% | 4.6% | 3.9% |
| SG&A / revenue | 37.3% | 28.5% | 17.9% | 23.4% | 24.8% | 29.3% | 30.9% | 33.4% | 31.1% | 25.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 71.7 | 70.7 | 65.1 | 64.9 | 70.4 | 78.4 | 77.2 | 84.8 | 83.9 | 75.6 |
| Days of inventory on hand | 71.1 | 74.0 | 93.6 | 103.3 | 84.2 | 79.7 | 75.0 | 76.8 | 72.5 | 75.4 |
| Days payables outstanding | 63.7 | 58.0 | 58.4 | 64.9 | 69.3 | 74.3 | 122.6 | 174.9 | 121.1 | 82.7 |
| Cash conversion cycle (days) | 79.1 | 86.7 | 100.4 | 103.3 | 85.3 | 83.8 | 29.6 | -13.2 | 35.3 | 68.4 |
| Receivables turnover | 5.09 | 5.16 | 5.60 | 5.62 | 5.18 | 4.66 | 4.73 | 4.30 | 4.35 | 4.83 |
| Payables turnover | 5.73 | 6.29 | 6.25 | 5.62 | 5.27 | 4.91 | 2.98 | 2.09 | 3.01 | 4.42 |
| Inventory turnover | 5.14 | 4.93 | 3.90 | 3.53 | 4.34 | 4.58 | 4.87 | 4.75 | 5.03 | 4.84 |
| Asset turnover | 0.81 | 0.83 | 0.86 | 0.86 | 0.92 | 0.85 | 0.85 | 0.79 | 0.77 | 0.84 |
| Average receivables | $1.05B | $1.04B | $971.0M | $966.5M | $1.05B | $985.2M | $953.2M | $1.05B | $1.12B | $1.13B |
| Average payables | $477.2M | $420.6M | $456.9M | $525.3M | $537.3M | $477.4M | $848.9M | $1.30B | $1.01B | $658.3M |
| Average inventory | $532.4M | $536.7M | $732.8M | $835.6M | $652.8M | $512.0M | $519.2M | $571.8M | $607.2M | $600.6M |
| Intangibles / total assets | 26.0% | 26.6% | 27.6% | 29.2% | 29.2% | 34.5% | 36.5% | 37.6% | 32.6% | 31.6% |
Computed from MAT's annual financial statements (latest annual report filed February 23, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MAT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Mattel traded at 15.9 times earnings, against a 10-year median of 16.3. Based on the latest twelve months, the trailing P/E is 12.6 and the forward P/E is 8.5. Mattel earned a return on equity of 17.7% and a return on invested capital of 14.0% in fiscal 2025. It ended the year with $2.7 billion of debt and $1.2 billion in cash and short-term investments, net debt of $1.4 billion. It returned $600.0 million to shareholders: $0 in dividends and $600.0 million in share buybacks, 146% of free cash flow. The share count fell 7.6% from 344.2M to 318.2M over 9 years.
See the MAT income statement, the MAT chart for price history, or the MAT stock overview for the latest quote and news.
MAT key metrics FAQ
What is Mattel's P/E ratio?
Mattel's trailing P/E ratio is 12.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.5. At the end of fiscal 2025 it was 15.9, compared with a 10-year median of 16.3.
What is Mattel's EV/EBITDA?
Mattel's enterprise value was 10.0 times EBITDA at the end of fiscal 2025 (enterprise value $7.8 billion, EBITDA $774.1 million); the current EV/EBITDA is 7.5.
What is Mattel's return on equity?
Mattel's return on equity (ROE) was 17.7% in fiscal 2025: net income of $397.6 million on average shareholders' equity of $2.2 billion.
What is Mattel's ROIC?
Mattel's return on invested capital was 14.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Mattel have?
Mattel had total debt of $2.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.20 and $1.4 billion of net debt (1.86 times EBITDA).
Does Mattel buy back its shares?
Yes. Mattel spent $600.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −7.3% over the year, to 318.2M..
What is Mattel's free cash flow yield?
Mattel generated $411.3 million of free cash flow in fiscal 2025, a free cash flow yield of 6.5% on its market value at year-end ($6.3 billion).
What is Mattel's current ratio?
Mattel's current ratio was 2.15 at the end of fiscal 2025: current assets were 2.15 times current liabilities.