How does Funko's current valuation (P/E, EV/EBITDA) compare with peers like Hasbro, Mattel, and other collectibles companies?

Short answer: The Q2 2025 earnings release you provided does not contain the market‑price‑based figures (share price, market‑capitalization, net income, EBITDA, or outstanding share count) that are needed to compute Fun K O’s current price‑to‑earnings (P/E) or enterprise‑value‑to‑EBITDA (EV/EBITDA) multiples. Consequently, a direct, numbers‑by‑numbers comparison with peers such as Hasbro (HAS), Mattel (MAT), and other collectibles‑focused companies cannot be performed solely from the information supplied.

What the news does tell us

Key take‑aways:

1. Revenue down ~22 % YoY – sales dropped from $247.7 M to $193.5 M.
2. Margin compression – gross margin fell from 42 % to 32 %, indicating higher cost‑of‑goods‑sold relative to sales (or pricing pressure).
3. SG&A > gross profit – the company spent more on selling, general and administrative costs than it earned in gross profit, which is a red flag for profitability.

These fundamentals give you a sense of operational performance, but valuation multiples require additional data (e.g., net earnings, EBITDA, market cap, share count, and current share price). Without those, we cannot compute P/E or EV/EBITDA for Funko.

What you need to calculate Funko’s multiples

Once you have those numbers for Funko and for the comparable companies, you can compute:

• P/E ratio = (Current Share Price) / (EPS)
• EV/EBITDA = (Market Capitalization + Total Debt – Cash) / (EBITDA)

How you could do the comparison (once data are in hand)

1. Collect the latest market data (e.g., as of the most recent trading day).
   
   Example:

   • Funko market cap: $X B
     
   • Net income: $Y M (or EPS: $Z)
     
   • EBITDA: $A M
     

2. Calculate Funko’s multiples:

   • P/E = $[Share price] ÷ $[EPS]
     
   • EV/EBITDA = ($[Market cap] + $[Debt] – $[Cash]) ÷ $[EBITDA]
     

3. Gather peer data (Hasbro, Mattel, other collectibles such as LEGO‑related companies or niche collectible firms).

   • Use the same date to avoid timing mismatches.

4. Compare:

   • If Funko’s P/E is lower than Hasbro’s (e.g., 12 vs 20), the market may be pricing Funko’s growth risk, margin compression, or a higher debt load into a discount.
     
   • If EV/EBITDA is higher, that could signal the market expects better cash‑flow generation or a higher “premium” for a niche brand.
     

5. Contextualize:

   • Margin difference: Funko’s 32 % gross margin vs. Hasbro’s typical ~45 % margin (historically) suggests lower operational leverage, which often translates into lower multiples.
     
   • Revenue trend: Funko’s 22 % YoY sales decline could justify a discount relative to peers with stable or growing sales.
     

Next steps for you

1. Retrieve the most recent price data for FNKO, HAS, MAT, and any other collectible‑sector ticker you want to benchmark (e.g., Spin Master (TOY), Wizards of the Coast if publicly traded, etc.).
2. Pull the latest FY‑2025 (or Q2‑2025) net‑income and EBITDA from the companies’ 10‑Q filings (or the earnings release you already have plus the supplemental financial statements).
3. Calculate the ratios as shown above.
4. Compare the results side‑by‑side in a table to make the peer‑analysis clear.

Bottom line: The Q2 2025 earnings summary you posted does not provide the valuation‑specific data (share price, net income, EBITDA, market cap) needed to compute Funko’s P/E or EV/EBITDA. Once you obtain those figures, you can compute the ratios and then benchmark them against Hasbro, Mattel, and other collectibles companies. Until you have that data, any numerical comparison would be speculative.