Growth Metrics

Mattel (MAT) Operating Margin (2016 - 2025)

Mattel's Operating Margin history spans 17 years, with the latest figure at 7.99% for Q4 2025.

  • For Q4 2025, Operating Margin fell 163.0% year-over-year to 7.99%; the TTM value through Dec 2025 reached 10.22%, down 269.0%, while the annual FY2025 figure was 10.22%, 269.0% down from the prior year.
  • Operating Margin reached 7.99% in Q4 2025 per MAT's latest filing, down from 21.88% 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.
  • Average Operating Margin over 5 years is 9.32%, with a median of 7.85% recorded in 2025.
  • Peak YoY movement for Operating Margin: surged 2909bps in 2021, then tumbled -2181bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 14.34% in 2021, then plummeted by -61bps to 5.63% in 2022, then skyrocketed by 53bps to 8.64% in 2023, then increased by 11bps to 9.61% in 2024, then dropped by -17bps to 7.99% in 2025.
  • Per Business Quant, the three most recent readings for MAT's Operating Margin are 7.99% (Q4 2025), 21.88% (Q3 2025), and 7.71% (Q2 2025).