Mattel (HAM:MTT) EBIT: €585 Mil (TTM As of Mar. 2026)


HAM:MTT Mattel Inc HAM:MTT
68 GF Score
Price €12.33
GF Value €19.39
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Mattel EBIT?

Mattel HAM:MTT +1.95% 68 EBIT is €585 Mil as of Mar. 2026. GuruFocus rates HAM:MTT with a GF Score™ of 68/100 and a GF Value™ of €19.39 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Mattel's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €585 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mattel's annualized ROC % for the quarter that ended in Mar. 2026 was -7.26%. Mattel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mattel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.40%.


Mattel  (HAM:MTT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mattel's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-270.48 * ( 1 - 0% )/( (3512.672 + 3940.821)/ 2 )
=-270.48/3726.7465
=-7.26 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5670.886 - 1096.754 - ( 1061.46 - max(0, 1245.287 - 2673.694+1061.46))
=3512.672

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5475.134 - 785.22 - ( 749.093 - max(0, 1047.185 - 2155.622+749.093))
=3940.821

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Mattel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=194.004/( ( (776.767 + max(438.036, 0)) + (808.493 + max(428.452, 0)) )/ 2 )
=194.004/( ( 1214.803 + 1236.945 )/ 2 )
=194.004/1225.874
=15.83 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(937.354 + 480.923 + 193.957) - (1096.754 + 0 + 77.444)
=438.036

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(593.962 + 585.506 + 227.061) - (785.22 + 98.286 + 94.571)
=428.452

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Mattel's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=585.44/5134.643
=11.40 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mattel EBIT Related Terms


Mattel EBIT Historical Data

* Premium members only.

The historical data trend for Mattel's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mattel EBIT Chart

Mattel Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 641.36 601.47 540.29 707.92 493.76

Mattel Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -46.31 80.01 330.50 126.43 48.50

HAM:MTT vs PLNT, YETI, GOLF: EBIT Comparison

For the Leisure subindustry, Mattel's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mattel EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mattel's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mattel's EV-to-EBIT falls into.


HAM:MTT
68GF Score
Mattel Inc HAM:MTT
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Mattel EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €585 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €585 Mil mean?
Mattel (HAM:MTT) has a EBIT of €585 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mattel.
Is Mattel's EBIT too high?
Mattel's current EBIT is €585 Mil. Overall, Mattel has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mattel's EBIT compare to PLNT and YETI?
Mattel's EBIT of €585 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Travel & Leisure company?
A good EBIT depends on the Travel & Leisure industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mattel. Mattel's current EBIT is €585 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mattel stock overvalued right now?
Based on GuruFocus' analysis, Mattel (HAM:MTT) is currently considered Significantly Undervalued. The stock's GF Value™ is €19.39, compared to a current price of €12.33 — trading 36.4% below its estimated fair value. The current EBIT is €585 Mil. Mattel's overall GF Score™ is 68/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Mattel (HAM:MTT), the current EBIT is €585 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mattel (HAM:MTT) Overvalued in 2026?

Based on GuruFocus' analysis, Mattel stock appears to be undervalued. The current stock price of €12.33 is trading 36.4% below its estimated GF Value™ of €19.39. GuruFocus considers Mattel to be Significantly Undervalued.

Key valuation signals for HAM:MTT:

  • EBIT: €585 Mil
  • GF Value™: €19.39 vs. price of €12.33 (36.4% below fair value)
  • GF Score™: 68/100 with 1 warning sign

No single metric tells the full story. See the HAM:MTT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mattel Business Description

Address 333 Continental Boulevard, El Segundo, CA, USA, 90245-5012
Mattel manufactures and markets toy products that are sold to its wholesale partners and direct to retail customers. The company offers products for children and families, including toys for infants and preschoolers, girls and boys, youth electronics, hand-held and other games, puzzles, educational toys, media-driven products, and plush and fashion-related toys. Mattel's owned portfolio includes Barbie, Hot Wheels, Fisher-Price, Thomas & Friends, and American Girl. In addition, it currently manufactures toy products for its segments both internally and externally (through manufacturing partners). Nearly 60% of its net sales were generated from North America in 2025, with the remainder stemming from international markets.
68GF Score

Get the complete analysis for HAM:MTT

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€12.33
Price
€19.39
GF Value