MAT Mattel margins

  1. Stocks
  2. Consumer Cyclical
  3. NASDAQ: MAT
  4. Margins
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Relative Growth: Rel. Growth: 46
Relative Strength: Rel. Strength: 60
Relative Valuation: Rel. Valuation: 79
Relative Profitability: Rel. Profitability: 60
Gross margin
47.5%
Operating margin
7.8%
EBITDA margin
14.5%
Net margin
7.8%

Using the latest TTM figures, Mattel shows a gross margin of 47.5%, an operating margin of 7.8%, an EBITDA margin of 14.5%, and a net margin of 7.8%. Operating margin had the largest decline, decreasing by 4.8 percentage points, while the other available margins also declined.

MAT margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Mattel recorded average margins of 49.42% gross, 11.17% operating, 15.97% EBITDA, and 8% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.

MAT margin expansion

Year-over-year margin changes in percentage points

Mattel's gross margin contracted by 3.9 percentage points, operating margin by 4.8 percentage points, EBITDA margin by 2.6 percentage points, and net margin by 2.1 percentage points, led by operating margin with a decline of 4.8 percentage points.

Gross margin expansion
-3.9pp
Operating margin expansion
-4.8pp
EBITDA margin expansion
-2.6pp
Net margin expansion
-2.1pp

MAT Gross margin

The average gross margin for Mattel was 49.42% over the last 3 years. Mattel currently reports a gross margin of 47.5%, 1.9 percentage points below its three-year average. The gross margin for Mattel moved between 47.5% in Dec 2023 and 51.4% in Jun 2025.

MAT Operating margin

Across the last 3 years, Mattel's operating margin stood at 11.17%. The current operating margin stands at 7.8%, 3.4 percentage points below its three-year average. Operating margin was highest at 12.9% in Dec 2024 and lowest at 7.8% in Jun 2026.

MAT EBITDA margin

Across the last 3 years, Mattel's EBITDA margin stood at 15.97%. Mattel currently reports an EBITDA margin of 14.5%, 1.5 percentage points below its three-year average. EBITDA margin was highest at 17.4% in Dec 2024 and lowest at 14.4% in Dec 2023.

MAT Net margin

The average net margin for Mattel was 8% in the last 3 years. Mattel currently reports a net margin of 7.8%, 0.2 percentage points below its three-year average. The net margin for Mattel moved between 3.9% in Dec 2023 and 10.2% in Sep 2024.

MAT margin group comparison

Margins compared with peer-group, industry and sector averages

Mattel's gross margin of 47.5% is higher than the Consumer Cyclical sector and the industry average but lower than its peers average. In comparison with the Consumer Cyclical sector average of 36.2%, Mattel's gross margin is 31% higher.

MAT margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Mattel's gross margin?

The current gross margin for MAT is 47.5% as of Jun 30, 2026.

What is Mattel's operating margin?

As of Jun 30, 2026, MAT has an operating margin of 7.8%.

What is Mattel's EBITDA margin?

The current EBITDA margin for MAT is 14.5% as of Jun 30, 2026.

What is Mattel's net margin?

As of Jun 30, 2026, MAT has a net margin of 7.8%.

What are the average margins of MAT?

Across the last 3 years, MAT averaged 49.4% gross, 11.2% operating, 16.0% EBITDA, and 8.0% net.

What are the highest historical margins of MAT?

In the last 5 years, the highest margins reported by MAT were 51.4% gross in Jun 2025, 14.7% operating in Sep 2022, 18% EBITDA in Sep 2022, and 19% net in Jun 2022.

What are the lowest historical margins of MAT?

Looking back across 5 years, MAT reached its lowest margins at 44.6% gross in Mar 2023, 7.8% operating in Jun 2026, 12% EBITDA in Jun 2023, and 1.6% net in Sep 2023.