MATMATTEL INC /DE/
Dolls & Stuffed Toys
- Revenue
- $5.3B
- 0.6% YoY
- Operating margin
- 10.2%
- 21% YoY
- EBITDA
- $714M
- 17% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.5×
- $1.8B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear149% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired101% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear25% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.5B | $5.4B | $5.4B | $5.4B | $5.3B | 0.6% |
| Operating income | $730M | $676M | $562M | $694M | $546M | 21% |
| Net income | $903M | $394M | $214M | $542M | $398M | 27% |
| Operating cash flow | $485M | $443M | $870M | $801M | $593M | 26% |
| Stock-based comp | $60M | $69M | $83M | $79M | $80M | 0.4% |
| Buybacks | $0 | $0 | $203M | $400M | $600M | 50% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $15M | $18M | — | — |
| FY2024 | $38M | $31M | 114 | 154 |
| FY2023 | $19M | $31M | 102 | 145 |
| FY2022 | $12M | −$7M | 108 | 112 |
| FY2021 | $16M | $27M | 102 | 78 |