Does HASBRO, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores HASBRO, INC. (HAS) 47.1 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 95, returns on capital 45, balance-sheet safety 0, capital discipline 24.

Is HAS stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $24.31 per share versus a recent price of $81.55 — 235% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has HAS's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 47.1 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

HASBRO, INC.

HAS · Consumer Discretionary · $11.5B mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power95

Median gross margin 66.6% over 10y, very stable.

Returns on capital45

Median ROIC 10.6%, above the 9% hurdle in 60% of years.

Balance-sheet safety0

Net debt/EBITDA 17.0x, interest coverage 0x.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

235% above value

Owner earnings (normalized): $307.8M
Est. intrinsic value / share: $24.31
Recent price: $81.55
Discount to value: 235% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

19 years of fundamentals

The business, in plain English

HASBRO, INC. booked $4.7B of revenue in FY2025 in the Consumer Discretionary sector and kept 72.4% of it as gross profit — a high-margin business by that measure. After every other cost, −6.9% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $4.0B (FY2008) to $4.7B (FY2025) — about 0.9% a year compounded over 17 years.

It earned 0.3% on invested capital in FY2025, with a median of 19.5% across 18 filed years. The Returns on Capital filter above scores it 45/100.

The balance sheet carried $3.3B of total debt in FY2025. Balance-Sheet Safety scores it 0/100.

The share count has held roughly flat between FY2010 and FY2025. Capital Discipline scores it 24/100.

Put together: Pricing Power is the strongest of the four filters (95/100) and Balance-Sheet Safety the weakest (0/100), which is how HAS lands at 47/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$4.7B FY2025

Gross marginRevenue kept after cost of goods72.4% FY2025

Return on invested capitalOperating profit on the capital employed0.3% FY2025

Owner earningsCash an owner could take out−$250.2M FY2025

Gaps in a line mean that item isn’t in HAS’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale47.1 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — HAS has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#172 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#170ESCA ESCALADE, INCORPORATED47.5 out of 100, Shallow moatShallow moat
#171VFC V. F. CORPORATION47.5 out of 100, Shallow moatShallow moat
#173AERT Aeries Technology, Inc.46.9 out of 100, Shallow moatShallow moat
#174PVH PVH Corp.46.7 out of 100, Shallow moatShallow moat

Compare HAS with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about HAS

Does HASBRO, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores HASBRO, INC. (HAS) 47.1 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 95, returns on capital 45, balance-sheet safety 0, capital discipline 24.
Is HAS stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $24.31 per share versus a recent price of $81.55 — 235% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has HAS's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 47.1 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell HAS. See the disclaimer.