Forensic Analysis · General / Diversified · as of Jun 27, 2026
HASBRO, INC. (HAS)
A forensic read on HASBRO, INC. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Grey Zone
Financial health
1.9
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-48.5%
ROE
$12.1B
Market cap
3.32%
Dividend yield
HASBRO, INC. earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is 1.9, placing it in the Grey zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
0%Return on invested capital.Return on invested capital is 0% and slipping from 4% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
+0.3%/yrShare-count dilution.Diluted share count changed +1% over the last 3 years to FY2025 (+0.3%/yr). Roughly flat — buybacks are about offsetting stock comp, not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
$2.2BGoodwill impairments.Took $2.2B of goodwill writedowns across 2 year(s) (FY2023 ($1.2B), FY2025 ($1.0B)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Net Margin-6.0%
Debt / Equity5.77x
Free Cash Flow$829.9M
Latest Revenue$5.37B
Return on Equity-57.0%
Revenue Growth YoY+13.1%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on HASBRO, INC.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about HAS's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown