Hasbro vs Thor Industries
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The short version
- Thor Industries is the larger business, with $9.6B of revenue in fiscal 2026 against $5.4B for Hasbro, about 1.8 times as much.
- Hasbro grew revenue faster (13.1%, against 0.3%).
- Hasbro turned more of its sales into free cash flow (15.5% FCF margin, against 1.8%).
- Thor Industries earned a higher return on the capital invested in it (4.4%, against 0.3%).
| Latest fiscal year | HAS · FY25 | THO · FY26 |
|---|---|---|
| Size | ||
| Market cap | $16.8B | $3.7B |
| Revenue | $5.4B | $9.6B |
| Free cash flow | $830M | $169M |
| Net income | −$322M | $178M |
| Growth | ||
| Revenue growth | 13.1% | 0.3% |
| 5-year growth | −0.4% | −4.9% |
| Share count change | −0.1% | −1.6% |
| Profitability | ||
| Gross margin | 75.8% | 12.6% |
| Operating margin | 0.2% | — |
| Net margin | −6.0% | 1.9% |
| FCF margin | 15.5% | 1.8% |
| Return on capital | 0.3% | 4.4% |
| Return on equity | −36.8% | 4.2% |
| Balance sheet | ||
| Net debt | $2.5B | $448M |
| Net debt / EBITDA | 17.0x | 0.8x |
| Dividends and buybacks | $393M | $224M |
| Valuation & quality | ||
| P/E | 21.0x | — |
| Piotroski F-score | 5 | 6 |
Revenue
FY17
HAS $5.2B
THO $7.2B
FY18
HAS $4.6B
THO $8.3B
FY19
HAS $4.7B
THO $7.9B
FY20
HAS $5.5B
THO $8.2B
FY21
HAS $6.4B
THO $12.3B
FY22
HAS $6.7B
THO $16.3B
FY23
HAS $5.7B
THO $11.1B
FY24
HAS $4.7B
THO $10.0B
FY25
HAS $5.4B
THO $9.6B
FY26
HAS —
THO $9.6B
HAS
THO
Operating margin
FY17
HAS 15.6%
THO —
FY18
HAS 7.2%
THO —
FY19
HAS 13.8%
THO —
FY20
HAS 9.2%
THO —
FY21
HAS 11.9%
THO —
FY22
HAS 6.1%
THO —
FY23
HAS −27.0%
THO —
FY24
HAS 14.5%
THO —
FY25
HAS 0.2%
THO —
FY26
HAS —
THO —
HAS
THO
Free cash flow
FY17
HAS $590M
THO $304M
FY18
HAS $506M
THO $328M
FY19
HAS $520M
THO $381M
FY20
HAS $851M
THO $435M
FY21
HAS $685M
THO $395M
FY22
HAS $245M
THO $750M
FY23
HAS $590M
THO $773M
FY24
HAS $760M
THO $406M
FY25
HAS $830M
THO $456M
FY26
HAS —
THO $169M
HAS
THO
Return on capital
FY17
HAS 20.2%
THO 26.1%
FY18
HAS 12.3%
THO 27.4%
FY19
HAS 24.1%
THO 6.9%
FY20
HAS 8.2%
THO 8.7%
FY21
HAS 9.3%
THO 19.2%
FY22
HAS 5.1%
THO 26.2%
FY23
HAS −23.6%
THO 9.0%
FY24
HAS 13.9%
THO 7.1%
FY25
HAS 0.3%
THO 6.5%
FY26
HAS —
THO 4.4%
HAS
THO
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.