Mattel (MAT) Gross Margin (2009 - 2026)
Mattel (MAT) reported Gross Margin of 44.86% for Q1 2026, down 451.0% on a YoY basis from 12.78% in Q1 2025, and down 2.21% quarter-over-quarter from 45.87% in Q4 2025.
Mattel (MAT) Gross Margin (2009 - 2026) Analysis & Trends
Mattel has reported Gross Margin for 18 years, with the latest figure at 44.86% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 451.0% year-over-year to 44.86%; the trailing twelve-month figure through Mar 2026 stood at 48.01% (down 301.0% YoY), and the FY2025 full-year result was 48.73%, down 210.0% from the prior year.
- Gross Margin for Q1 2026 stood at 44.86%, down from 45.87% in the prior quarter.
- The five-year high for Gross Margin was 53.09% in Q3 2024, with the low at 39.99% in Q1 2023.
- Historically, Gross Margin has averaged 47.58% across 5 years, with a median of 48.23% in 2022.
- Annual changes were most pronounced in 2023 — Gross Margin slumped 638 bps — and 2024, when it jumped 804 bps.
- Mattel's Gross Margin stood at 42.99% in 2022, then grew by 13 bps to 48.76% in 2023, then rose by 4 bps to 50.74% in 2024, then decreased by 10 bps to 45.87% in 2025, then decreased by 2 bps to 44.86% in 2026.
- The last three Gross Margin figures came in at 44.86% (Q1 2026), 45.87% (Q4 2025), and 50.02% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 19,630,355.93 Bn | 19,630,355.28 Bn | 1.17 Bn | 59.90% |
| 2 | Hasbro | 11.86 Bn | 10.53 Bn | 764.10 Mn | 76.39% |
| 3 | Life Time Group Holdings | 7.22 Bn | 7.10 Bn | 382.00 Mn | 48.43% |
| 4 | Acushnet Holdings | 5.62 Bn | 5.57 Bn | 355.26 Mn | 47.18% |
| 5 | Mattel | 4.31 Bn | 3.44 Bn | 386.78 Mn | 44.86% |
| 6 | Planet Fitness | 4.05 Bn | 3.58 Bn | 291.90 Mn | 86.56% |
| 7 | YETI Holdings | 3.97 Bn | 3.79 Bn | 340.87 Mn | 58.40% |
| 8 | Callaway Golf | 2.93 Bn | 2.43 Bn | 326.70 Mn | 47.52% |
| 9 | Onespaworld Holdings | 2.44 Bn | 2.43 Bn | 209.81 Mn | 84.73% |
| 10 | Peloton Interactive | 2.38 Bn | 1.26 Bn | 327.30 Mn | 51.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.86% |
| Dec 31, 2025 | 45.87% |
| Sep 30, 2025 | 50.02% |
| Jun 30, 2025 | 50.95% |
| Mar 31, 2025 | 49.37% |
| Dec 31, 2024 | 50.74% |
| Sep 30, 2024 | 53.09% |
| Jun 30, 2024 | 49.15% |
| Mar 31, 2024 | 48.04% |
| Dec 31, 2023 | 48.76% |
| Sep 30, 2023 | 50.97% |
| Jun 30, 2023 | 45.05% |
| Mar 31, 2023 | 39.99% |
| Dec 31, 2022 | 42.99% |
| Sep 30, 2022 | 48.23% |
| Jun 30, 2022 | 44.42% |
| Mar 31, 2022 | 46.37% |
| Dec 31, 2021 | 49.27% |
| Sep 30, 2021 | 47.81% |
| Jun 30, 2021 | 47.55% |