Mattel (MAT) Gross Margin (2009 - 2026)
Mattel's (MAT) quarterly Gross Margin came in at 44.86% in Q1 2026, down 451.0% YoY from 12.78% in Q1 2025, and down 2.21% on a QoQ basis from 45.87% in Q4 2025.
Mattel (MAT) Gross Margin (2009 - 2026) Analysis & Trends
Mattel (MAT) has 18 years of Gross Margin data on file, last reported at 44.86% in Q1 2026.
- Quarterly Gross Margin fell 451.0% year-over-year to 44.86% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 48.01% (down 301.0% YoY) and the FY2025 annual result came in at 48.73%, down 210.0% from the prior year.
- Gross Margin eased to 44.86% in Q1 2026, from 45.87% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 53.09% in Q3 2024 to a low of 39.99% in Q1 2023.
- A 5-year average of 47.58% and a median of 48.23% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin slumped 638 bps — and 2024, when it jumped 804 bps.
- Tracing MAT's Gross Margin over 5 years: 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 | 18.61 Bn | 17.92 Bn | 1.17 Bn | 59.90% |
| 2 | Hasbro | 13.64 Bn | 12.26 Bn | 867.20 Mn | 76.10% |
| 3 | Life Time Group Holdings | 9.88 Bn | 9.65 Bn | 412.26 Mn | 47.61% |
| 4 | Acushnet Holdings | 5.40 Bn | 5.33 Bn | 445.83 Mn | 54.37% |
| 5 | Mattel | 4.25 Bn | 3.73 Bn | 542.12 Mn | 48.17% |
| 6 | Planet Fitness | 3.74 Bn | 3.34 Bn | 300.73 Mn | 82.34% |
| 7 | YETI Holdings | 3.58 Bn | 3.52 Bn | 322.52 Mn | 66.66% |
| 8 | Callaway Golf | 3.01 Bn | 2.73 Bn | 306.70 Mn | 50.10% |
| 9 | Onespaworld Holdings | 2.75 Bn | 2.70 Bn | 84.35 Mn | 32.29% |
| 10 | Peloton Interactive | 2.29 Bn | 1.08 Bn | 344.40 Mn | 56.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 48.17% |
| 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% |