Mattel (MAT) FY2024 results: revenue $5.4 billion, down 1.1% on the year
Mattel Inc. (MAT) reported revenue of $5.4 billion for fiscal 2024, the year ended 31 December 2024, down 1.1% on the year before. Net income was $542 million, up 152.8%, and diluted earnings per share $1.58. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$5.4 billion
-1.1% on the year
FY2017FY2024
Operating margin
12.9%
10.3% a year earlier
FY2017FY2024
Net income
$542 million
+152.8% on the year
FY2017FY2024
Diluted EPS
$1.58
+163.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
801
870
443
-8.0%
Capital expenditure
135
85.8
106
+57.5%
Free cash flow
665
784
337
-15.1%
Free cash flow margin
12.4%
14.4%
6.2%
Cash from investing
-189
-142
-144
Cash from financing
-449
-227
-261
Depreciation and amortisation
168
177
182
-5.3%
Share-based compensation
79.4
83.3
69.1
-4.7%
Buybacks
400
203
0.0
+97.0%
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
343m
357m
360m
-3.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,264
2,149
2,056
+5.3%
Short-term borrowings
0.0
0.0
0.0
Debt
2,334
2,330
2,326
+0.2%
Operating lease liabilities
278
260
271
+7.2%
Other liabilities
1,667
1,697
1,524
-1.7%
Total liabilities and equity
6,544
6,436
6,178
+1.7%
Fixed assets
516
466
469
+10.9%
Goodwill
1,382
1,385
1,379
-0.2%
Intangible assets
361
393
425
-8.3%
Cash and equivalents
1,388
1,261
761
+10.0%
Receivables
1,003
1,082
860
-7.3%
Inventory
502
572
894
-12.2%
Other assets
1,393
1,278
1,389
+9.0%
Total assets
6,544
6,436
6,178
+1.7%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.