Mattel (MAT) Operating Margin (2009 - 2026)
Mattel's (MAT) quarterly Operating Margin came in at 11.91% in Q1 2026, down 550.0% YoY from 2.65% in Q1 2025, and down 249.14% on a QoQ basis from 7.99% in Q4 2025.
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Mattel (MAT) Operating Margin (2009 - 2026) Analysis & Trends
Mattel (MAT) has 18 years of Operating Margin data on file, last reported at 11.91% in Q1 2026.
- Quarterly Operating Margin fell 550.0% year-over-year to 11.91% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 9.23% (down 331.0% YoY) and the FY2025 annual result came in at 10.22%, down 269.0% from the prior year.
- Operating Margin fell to 11.91% in Q1 2026, from 7.99% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 26.48% in Q3 2024 to a low of 14.12% in Q1 2023.
- A 5-year average of 7.61% and a median of 7.71% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin slumped 2181 bps — and 2024, when it soared 973 bps.
- Tracing MAT's Operating Margin over 5 years: stood at 5.63% in 2022, then surged by 53 bps to 8.64% in 2023, then climbed by 11 bps to 9.61% in 2024, then declined by 17 bps to 7.99% in 2025, then plunged by 249 bps to 11.91% in 2026.
- The last three Operating Margin figures came in at 11.91% (Q1 2026), 7.99% (Q4 2025), and 21.88% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 15.83 Bn | 15.11 Bn | 1.07 Bn | 11.74% |
| 2 | Hasbro | 13.21 Bn | 11.83 Bn | 867.20 Mn | 22.16% |
| 3 | Life Time Group Holdings | 9.55 Bn | 9.32 Bn | 412.26 Mn | 17.29% |
| 4 | Acushnet Holdings | 5.12 Bn | 5.05 Bn | 445.83 Mn | 21.54% |
| 5 | Mattel | 4.21 Bn | 3.68 Bn | 542.12 Mn | 0.97% |
| 6 | Planet Fitness | 3.95 Bn | 3.55 Bn | 300.73 Mn | 33.90% |
| 7 | YETI Holdings | 3.09 Bn | 3.03 Bn | 322.52 Mn | 19.33% |
| 8 | Callaway Golf | 2.80 Bn | 2.52 Bn | 306.70 Mn | 18.75% |
| 9 | Peloton Interactive | 2.27 Bn | 1.06 Bn | 344.40 Mn | 13.36% |
| 10 | Onespaworld Holdings | 2.21 Bn | 2.17 Bn | 84.35 Mn | 9.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.97% |
| Mar 31, 2026 | -11.91% |
| Dec 31, 2025 | 7.99% |
| Sep 30, 2025 | 21.88% |
| Jun 30, 2025 | 7.71% |
| Mar 31, 2025 | -6.41% |
| Dec 31, 2024 | 9.61% |
| Sep 30, 2024 | 26.48% |
| Jun 30, 2024 | 7.71% |
| Mar 31, 2024 | -4.39% |
| Dec 31, 2023 | 8.64% |
| Sep 30, 2023 | 24.70% |
| Jun 30, 2023 | 5.77% |
| Mar 31, 2023 | -14.12% |
| Dec 31, 2022 | 5.63% |
| Sep 30, 2022 | 22.29% |
| Jun 30, 2022 | 10.12% |
| Mar 31, 2022 | 7.69% |
| Dec 31, 2021 | 14.34% |
| Sep 30, 2021 | 22.08% |