Hasbro
Through the investors’ lenses
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 0/4
| Measure | HAS | Checked against | |
|---|---|---|---|
| Owner earnings | $-250.20m | positive | ✗ |
| Return on equity | -57.0% | median 11.7% | ✗ |
| Debt to equity | 5.77x | median 0.79x | ✗ |
| Operating margin | 0.2% | median 15.0% | ✗ |
Passes 0 of 4. To be clear: Warren Buffett has never said anything about Hasbro. These are the company’s own figures put through the tests he described. What he looks at, and why →
Terry Smith 0/3
| Measure | HAS | Checked against | |
|---|---|---|---|
| Return on capital employed | 0.3% | median 10.1% | ✗ |
| Cash conversion | — | median 1.78x | — |
| Operating margin | 0.2% | median 15.0% | ✗ |
| Debt to equity | 5.77x | median 0.79x | ✗ |
Passes 0 of 3. To be clear: Terry Smith has never said anything about Hasbro. These are the company’s own figures put through the tests he described. What he looks at, and why →
Charlie Munger 0/3
| Measure | HAS | Checked against | |
|---|---|---|---|
| Return on capital employed | 0.3% | median 10.1% | ✗ |
| Return on equity | -57.0% | median 11.7% | ✗ |
| Operating margin | 0.2% | median 15.0% | ✗ |
Passes 0 of 3. To be clear: Charlie Munger has never said anything about Hasbro. These are the company’s own figures put through the tests he described. What he looks at, and why →
Chuck Akre 0/3
| Measure | HAS | Checked against | |
|---|---|---|---|
| Return on equity | -57.0% | median 11.7% | ✗ |
| Debt to equity | 5.77x | median 0.79x | ✗ |
| Cash conversion | — | median 1.78x | — |
| Return on equity, sustained | 6 of 10 | 8 of 10 above median | ✗ |
Passes 0 of 3. To be clear: Chuck Akre has never said anything about Hasbro. These are the company’s own figures put through the tests he described. What he looks at, and why →
Philip Fisher 0/4
| Measure | HAS | Checked against | |
|---|---|---|---|
| Operating margin | 0.2% | median 15.0% | ✗ |
| Net margin | -6.9% | median 10.2% | ✗ |
| Return on capital employed | 0.3% | median 10.1% | ✗ |
| Operating margin, held or improving | 0.2% | 10-yr median 9.2% | ✗ |
Passes 0 of 4. To be clear: Philip Fisher has never said anything about Hasbro. These are the company’s own figures put through the tests he described. What he looks at, and why →
Walter Schloss 1/2
| Measure | HAS | Checked against | |
|---|---|---|---|
| Current ratio | 1.38x | median 1.25x | ✓ |
| Debt to equity | 5.77x | median 0.79x | ✗ |
Passes 1 of 2. To be clear: Walter Schloss has never said anything about Hasbro. These are the company’s own figures put through the tests he described. What he looks at, and why →
Benjamin Graham 0/3
| Measure | HAS | Checked against | |
|---|---|---|---|
| Current ratio | 1.38x | 2.00x published | ✗ |
| Long-term debt to working capital | 3.88x | 1.00x published | ✗ |
| Positive earnings, ten years running | 0 yrs | 10 published | ✗ |
Passes 0 of 3. To be clear: Benjamin Graham has never said anything about Hasbro. These are the company’s own figures put through the tests he described. What he looks at, and why →
Joel Greenblatt 0/1
| Measure | HAS | Checked against | |
|---|---|---|---|
| Return on capital employed | 0.3% | median 10.1% | ✗ |
Passes 0 of 1. To be clear: Joel Greenblatt has never said anything about Hasbro. These are the company’s own figures put through the tests he described. What he looks at, and why →
Peter Lynch 0/2
| Measure | HAS | Checked against | |
|---|---|---|---|
| Debt to equity | 5.77x | median 0.79x | ✗ |
| Net margin | -6.9% | median 10.2% | ✗ |
Passes 0 of 2. To be clear: Peter Lynch has never said anything about Hasbro. These are the company’s own figures put through the tests he described. What he looks at, and why →
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | negative | whyLost $2.30 per share — no earnings to pay from. |
| Operating cash flow | 43.9% | whyBefore capital spending. |
| Free cash flow | 47.3% | whyAfter maintaining the business. |
Spread between highest and lowest: 3.4 percentage points. Same filings, different denominators.
Coverage rating 44 / 100 — Tight. ? Peer standing 19/50Direction 25/30Stability 0/20
Free cash flow payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2025-12-28 | 47.3% |
| 2024-12-29 | 51.3% |
| 2023-12-31 | 65.8% |
| 2022-12-25 | 157.5% |
| 2021-12-26 | 54.7% |
| 2020-12-27 | 43.8% |
Coverage has improved three years running, 157.5% to 47.3%.
39% of the 44 consumer discretionary here pay out more.
The arithmetic
- GAAP earnings — dividends declared per share $2.80 ÷ diluted EPS $-2.30
- Operating cash flow — dividends paid $392m ÷ operating cash flow $893m
- Free cash flow — dividends paid $392m ÷ (operating cash flow $893m − capex $63.3m)
Where the figures came from
- 10-K filed 2026-02-25 · accession 0000046080-26-000011
All public at sec.gov — you should not have to take our word for it.
Computed straight from SEC XBRL. A number that looks wrong to you is more useful to us than agreement — tell us.
What the free cash flow payout ratio measures, and where every company here sits on it.
Also on: rated tight · when it files.
When this changes
Every figure above is recomputed whenever Hasbro files. The monthly letter carries what filed, what moved, and one finding computed across every company here.