The Filing Desk

Mattel vs Thor Industries

Mattel MAT · Thor Industries THO · Leisure Products

Thor Industries reported revenue of $9.6 billion in fiscal 2026, 1.8 times Mattel's $5.3 billion in fiscal 2025. Mattel's revenue fell 0.6% in its latest year, and Thor Industries' grew 0.3%. Free cash flow was $483 million at Mattel and $169 million at Thor Industries. Their fiscal years end in different months (December 31 and July 31), so the periods don't line up exactly.

Side by side

MattelThor Industries
Latest fiscal yearFY2025, Dec 31, 2025FY2026, Jul 31, 2026
Revenue$5.3B$9.6B
Revenue growth−0.6%0.3%
Revenue growth a year, last 5 years3.1%−4.8%
Gross margin48.7%12.6%
Operating margin10.2%—
Net margin7.4%1.9%
Free cash flow$483M$169M
Free cash flow margin9.0%1.8%
Return on capital13.5%4.4%
Net debt to EBITDA1.5x0.8x
Dividends and buybacks$600M$224M
Change in diluted share count−6.3%−1.6%
Last close$15.82$70.17
P/E at the last close11.6×20.8×
Insider trades, last 12 monthsbought $1.0 million, sold $587,027bought $229,450, sold $702,866
Piotroski F-score5 of 96 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
MattelThor Industries
Operating margin
Percent of revenue
MattelThor Industries
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MattelThor Industries

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Mattel and Thor Industries pages.