Forensic Analysis · General / Diversified · as of Sep 25, 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.
D · Weak — demands caution
Forensic grade
Safe
Financial health
4.3
Distress distance
Clean
Earnings quality
3
Forensic signals
15.6
P / E (ttm)
-57.0%
ROE
$12.2B
Market cap
6.07%
Dividend yield
13.1%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Hasbro, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 4.3, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
0.2%
FY2025
Return on invested capital.Return on invested capital is 0.2% in the latest fiscal year, against -24.4% in FY2023, having run between -24.4% and 11.1% across FY2023–FY2025 with no direction held. After-tax operating profit was ($1.2B) in FY2023 and $9M in FY2025, with operating income at -26.9% of revenue in FY2023, 14.5% in FY2024 and 0.2% in FY2025. The capital base behind it came down -16% across FY2023–FY2025, from $5.0B to $4.2B, so this is a return struck on a smaller base rather than a record of money put to work. FY2023's operating profit carried a $1.2B goodwill write-off that took about 18.9 points off that year's return, and FY2025's carried a $1.0B goodwill write-off that took about 19.3 points off the latest; so, net of each other, the two charges take about 0.4 points off the +24.6-point change across FY2023–FY2025.
+0.5%/yr
FY2023–FY2025
Share count.Diluted share count changed +1% over the last 2 years to FY2025 (+0.5%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.
$2.2B
FY2023–FY2025
Goodwill impairments.Took $2.2B of goodwill writedowns across 2 years (FY2023 ($1.2B), FY2025 ($1.0B)). Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$5.37B
Revenue Growth YoY+13.1%
Revenue CAGR (2yr)-3.1%
Net Margin-6.0%
Free Cash Flow$694.9M
Return on Equity-57.0%
Debt / Equity5.77x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Hasbro, Inc.'s actual 10-K/10-Q/8-K filings?