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In this report, JAKKS, the Company, we, us and our refer to JAKKS Pacific, Inc. and its subsidiaries. Company Overview We are a leading multi-product line, multi-brand toy company that designs, produces, markets, sells and distributes toys and related kid-targeted consumer products, inclusive of kids indoor and outdoor furniture, costumes and various product lines in the sporting goods and home…
Operating margin is thin at 2.49%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 17.4% YoY. Margins deteriorated 3.3pp alongside, both lines moving the wrong way.
Free cash flow declined 104% versus the prior year, cash generation momentum has weakened. ROIC dropped from 13.38% to 3.11%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$564M
▼ -17.4% YoY
Net Income (TTM)
$8M
▼ -70.9% YoY
Op. Margin
2.20%
▼ -3.3pp YoY
ROIC
2.40%
▼ -10.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$19M
▼ -103.9% YoY
Op. Cash Flow (TTM)
$32M
▼ -78.2% YoY
Net Debt
-$13M
Net Cash Position
Cash & Equiv.
$63M
5Y CAGR: +2.0%
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