📊 HAS Key Takeaways
Is HAS a Good Investment? Thesis Analysis
Hasbro exhibits severe financial distress with negative profitability (-$322.4M net income, -6.0% margin) and dangerous leverage (4.89x debt-to-equity). With interest coverage of 0.1x, the company cannot service its $2.8B debt from operations, signaling imminent insolvency risk despite revenue growth and positive free cash flow.
Despite double-digit revenue growth and strong free cash flow, core profitability is extremely weak with a near-zero operating margin and a sizable net loss. Leverage is high and interest coverage is minimal, creating financing and solvency risk that outweighs the current cash generation. Until margins recover and debt is reduced, the fundamental risk/reward remains unfavorable.
Why Buy HAS? Key Strengths
- Strong revenue growth of 14.1% year-over-year demonstrating market demand
- Robust free cash flow of $829.9M (15.5% FCF margin) providing operational liquidity
- Adequate cash reserves of $776.6M supporting near-term obligations
- 14.1% YoY revenue growth signaling underlying demand resilience
- Robust operating cash flow and low capex driving 15.5% FCF margin
- Adequate near-term liquidity (1.24x quick ratio, $776.6M cash)
HAS Investment Risks to Consider
- Critical debt service capacity: 0.1x interest coverage indicates inability to meet obligations from operations
- Severe overleveraging: 4.89x debt-to-equity with only $565.5M equity backing $5.0B liabilities
- Deteriorating profitability: negative net income, negative ROE (-57%) and negative ROA (-5.8%)
- Persistently weak profitability (0.2% operating margin, -6.0% net margin)
- High leverage with thin equity base (Debt/Equity 4.89x; $2.77B LT debt)
- Very low interest coverage (0.1x) raising refinancing/solvency concerns and FCF durability questions
Key Metrics to Watch
- Interest coverage ratio and debt refinancing capability
- Operating margin expansion and path to profitability
- Free cash flow sustainability and working capital trends
- Operating margin
- Interest coverage
HAS Financial Metrics
💡 AI Analyst Insight
HASBRO, INC. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
HAS Profitability Ratios
HAS vs Default Sector
How HASBRO, INC. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is HAS Overvalued or Undervalued?
Based on fundamental analysis, HASBRO, INC. shows some fundamental concerns relative to the Default sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
HAS Balance Sheet & Liquidity
HAS 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: HASBRO, INC.'s revenue has declined by 22% over the 5-year period, indicating business contraction. The most recent EPS of $-10.73 indicates the company is currently unprofitable.
HAS Growth Metrics (YoY)
HAS Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $1.3B | $58.2M | $1.59 |
| Q2 2025 | $980.8M | $58.2M | $0.99 |
| Q1 2025 | $757.3M | $58.2M | $0.42 |
| Q3 2024 | $1.3B | -$22.1M | $-1.23 |
| Q2 2024 | $995.3M | -$22.1M | $0.99 |
| Q1 2024 | $757.3M | -$22.1M | $-0.16 |
| Q3 2023 | $1.5B | $129.2M | $0.93 |
| Q2 2023 | $1.2B | $142.0M | $1.02 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
HAS Capital Allocation
HAS SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for HASBRO, INC. (CIK: 0000046080)
📋 Recent SEC Filings
❓ Frequently Asked Questions about HAS
What is the AI rating for HAS?
HASBRO, INC. (HAS) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (SELL) with 80% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are HAS's key strengths?
Claude: Strong revenue growth of 14.1% year-over-year demonstrating market demand. Robust free cash flow of $829.9M (15.5% FCF margin) providing operational liquidity. ChatGPT: 14.1% YoY revenue growth signaling underlying demand resilience. Robust operating cash flow and low capex driving 15.5% FCF margin.
What are the risks of investing in HAS?
Claude: Critical debt service capacity: 0.1x interest coverage indicates inability to meet obligations from operations. Severe overleveraging: 4.89x debt-to-equity with only $565.5M equity backing $5.0B liabilities. ChatGPT: Persistently weak profitability (0.2% operating margin, -6.0% net margin). High leverage with thin equity base (Debt/Equity 4.89x; $2.77B LT debt).
What is HAS's revenue and growth?
HASBRO, INC. reported revenue of $5.4B.
Does HAS pay dividends?
HASBRO, INC. pays dividends, with $392.5M distributed to shareholders in the trailing twelve months.
Where can I find HAS SEC filings?
Official SEC filings for HASBRO, INC. (CIK: 0000046080) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is HAS's EPS?
HASBRO, INC. has a diluted EPS of $-2.30.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is HAS a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, HASBRO, INC. has a SELL rating with 80% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is HAS stock overvalued or undervalued?
Valuation metrics for HAS: ROE of -57.0% (sector avg: 15%), net margin of -6.0% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy HAS stock in 2026?
Our dual AI analysis gives HASBRO, INC. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is HAS's free cash flow?
HASBRO, INC.'s operating cash flow is $893.2M, with capital expenditures of $63.3M. FCF margin is 15.5%.
How does HAS compare to other Default stocks?
Vs Default sector averages: Net margin -6.0% (avg: 12%), ROE -57.0% (avg: 15%), current ratio 1.38 (avg: 1.8).