Hasbro vs Polaris
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The short version
- Polaris is the larger business, with $7.2B of revenue in fiscal 2025 against $5.4B for Hasbro.
- Hasbro grew revenue faster (13.1%, against −0.3%).
- Hasbro kept more of each dollar of sales as operating profit (0.2% operating margin, against −4.9%).
- Hasbro turned more of its sales into free cash flow (15.5% FCF margin, against 7.8%).
- Hasbro earned a higher return on the capital invested in it (0.3%, against −10.5%).
| Latest fiscal year | HAS · FY25 | PII · FY25 |
|---|---|---|
| Size | ||
| Market cap | $16.8B | $3.1B |
| Revenue | $5.4B | $7.2B |
| Free cash flow | $830M | $558M |
| Net income | −$322M | −$466M |
| Growth | ||
| Revenue growth | 13.1% | −0.3% |
| 5-year growth | −0.4% | 2.6% |
| Share count change | −0.1% | 0.2% |
| Profitability | ||
| Gross margin | 75.8% | 19.1% |
| Operating margin | 0.2% | −4.9% |
| Net margin | −6.0% | −6.5% |
| FCF margin | 15.5% | 7.8% |
| Return on capital | 0.3% | −10.5% |
| Return on equity | −36.8% | −44.0% |
| Balance sheet | ||
| Net debt | $2.5B | $1.4B |
| Net debt / EBITDA | 17.0x | — |
| Dividends and buybacks | $393M | $153M |
| Valuation & quality | ||
| P/E | 21.0x | — |
| Piotroski F-score | 5 | 3 |
Revenue
FY16
HAS $5.0B
PII $4.5B
FY17
HAS $5.2B
PII $5.4B
FY18
HAS $4.6B
PII $6.1B
FY19
HAS $4.7B
PII $6.8B
FY20
HAS $5.5B
PII $6.3B
FY21
HAS $6.4B
PII $7.4B
FY22
HAS $6.7B
PII $8.6B
FY23
HAS $5.7B
PII $8.9B
FY24
HAS $4.7B
PII $7.2B
FY25
HAS $5.4B
PII $7.2B
HAS
PII
Operating margin
FY16
HAS 15.7%
PII 7.8%
FY17
HAS 15.6%
PII 6.6%
FY18
HAS 7.2%
PII 8.0%
FY19
HAS 13.8%
PII 7.1%
FY20
HAS 9.2%
PII 8.3%
FY21
HAS 11.9%
PII 9.6%
FY22
HAS 6.1%
PII 9.4%
FY23
HAS −27.0%
PII 7.8%
FY24
HAS 14.5%
PII 4.1%
FY25
HAS 0.2%
PII −4.9%
HAS
PII
Free cash flow
FY16
HAS $662M
PII $380M
FY17
HAS $590M
PII $401M
FY18
HAS $506M
PII $252M
FY19
HAS $520M
PII $404M
FY20
HAS $851M
PII $814M
FY21
HAS $685M
PII $10.9M
FY22
HAS $245M
PII $202M
FY23
HAS $590M
PII $513M
FY24
HAS $760M
PII $6.5M
FY25
HAS $830M
PII $558M
HAS
PII
Return on capital
FY16
HAS 27.9%
PII 15.3%
FY17
HAS 20.2%
PII 11.0%
FY18
HAS 12.3%
PII 17.9%
FY19
HAS 24.1%
PII 15.0%
FY20
HAS 8.2%
PII 18.7%
FY21
HAS 9.3%
PII 25.8%
FY22
HAS 5.1%
PII 24.3%
FY23
HAS −23.6%
PII 19.9%
FY24
HAS 13.9%
PII 7.7%
FY25
HAS 0.3%
PII −10.5%
HAS
PII
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.