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Side-by-side financial comparison of MATTEL INC (MAT) and Oatly Group AB (OTLY). Click either name above to swap in a different company.

MATTEL INC is the larger business by last-quarter revenue ($862.2M vs $456.6M, roughly 1.9× Oatly Group AB). MATTEL INC runs the higher net margin — 7.1% vs -18.5%, a 25.6% gap on every dollar of revenue. On growth, Oatly Group AB posted the faster year-over-year revenue change (8.1% vs 4.3%). Oatly Group AB produced more free cash flow last quarter ($-11.3M vs $-88.1M).

Mattel Films was the film production division of American toy and entertainment company Mattel that operated from September 6, 2018 to June 2, 2025. It succeeded Mattel Playground Productions, which was formed on October 16, 2013 as part of Mattel Global Brands, a unified media structural and strategy unit, as itself the successor to Mattel Entertainment and Mattel Studios, Mattel's prior entertainment brands/banners.

Oatly Group AB is a Swedish food company, publicly traded on the American stock market, that produces alternatives to dairy products from oats, including oat milk. Oatly was formed in the 1990s using research from Lund University. Oatly has headquarters in Malmö and a production and development centre in Landskrona.

MAT vs OTLY — Head-to-Head

Bigger by revenue
MAT
MAT
1.9× larger
MAT
$862.2M
$456.6M
OTLY
Growing faster (revenue YoY)
OTLY
OTLY
+3.8% gap
OTLY
8.1%
4.3%
MAT
Higher net margin
MAT
MAT
25.6% more per $
MAT
7.1%
-18.5%
OTLY
More free cash flow
OTLY
OTLY
$76.8M more FCF
OTLY
$-11.3M
$-88.1M
MAT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAT
MAT
OTLY
OTLY
Revenue
$862.2M
$456.6M
Net Profit
$61.0M
$-84.6M
Gross Margin
44.9%
32.2%
Operating Margin
-5.9%
Net Margin
7.1%
-18.5%
Revenue YoY
4.3%
8.1%
Net Profit YoY
251.4%
32.8%
EPS (diluted)
$0.20
$-0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MAT
MAT
OTLY
OTLY
Q1 26
$862.2M
Q4 25
$1.8B
$456.6M
Q3 25
$1.7B
Q2 25
$1.0B
$208.4M
Q1 25
$826.6M
Q4 24
$1.6B
$422.3M
Q3 24
$1.8B
Q2 24
$1.1B
$202.2M
Net Profit
MAT
MAT
OTLY
OTLY
Q1 26
$61.0M
Q4 25
$106.2M
$-84.6M
Q3 25
$278.4M
Q2 25
$53.4M
$-55.9M
Q1 25
$-40.3M
Q4 24
$140.9M
$-126.0M
Q3 24
$372.4M
Q2 24
$56.9M
$-30.4M
Gross Margin
MAT
MAT
OTLY
OTLY
Q1 26
44.9%
Q4 25
45.9%
32.2%
Q3 25
50.0%
Q2 25
50.9%
32.5%
Q1 25
49.4%
Q4 24
50.7%
29.3%
Q3 24
53.1%
Q2 24
49.2%
29.2%
Operating Margin
MAT
MAT
OTLY
OTLY
Q1 26
Q4 25
8.0%
-5.9%
Q3 25
21.9%
Q2 25
7.7%
-10.6%
Q1 25
-6.4%
Q4 24
9.6%
-28.1%
Q3 24
26.5%
Q2 24
7.7%
-19.3%
Net Margin
MAT
MAT
OTLY
OTLY
Q1 26
7.1%
Q4 25
6.0%
-18.5%
Q3 25
16.0%
Q2 25
5.2%
-26.9%
Q1 25
-4.9%
Q4 24
8.6%
-29.8%
Q3 24
20.2%
Q2 24
5.3%
-15.1%
EPS (diluted)
MAT
MAT
OTLY
OTLY
Q1 26
$0.20
Q4 25
$0.32
$-0.14
Q3 25
$0.88
Q2 25
$0.16
$-0.09
Q1 25
$-0.12
Q4 24
$0.40
$-0.21
Q3 24
$1.09
Q2 24
$0.17
$-0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MAT
MAT
OTLY
OTLY
Cash + ST InvestmentsLiquidity on hand
$866.0M
$64.3M
Total DebtLower is stronger
$2.3B
$523.0M
Stockholders' EquityBook value
$2.1B
$19.7M
Total Assets
$6.3B
$787.2M
Debt / EquityLower = less leverage
1.11×
26.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAT
MAT
OTLY
OTLY
Q1 26
$866.0M
Q4 25
$1.2B
$64.3M
Q3 25
$691.9M
Q2 25
$870.5M
$67.9M
Q1 25
$1.2B
Q4 24
$1.4B
$98.9M
Q3 24
$723.5M
Q2 24
$722.4M
$142.7M
Total Debt
MAT
MAT
OTLY
OTLY
Q1 26
$2.3B
Q4 25
$2.3B
$523.0M
Q3 25
$2.3B
Q2 25
$2.3B
$120.6M
Q1 25
$2.3B
Q4 24
$2.3B
$446.4M
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
MAT
MAT
OTLY
OTLY
Q1 26
$2.1B
Q4 25
$2.2B
$19.7M
Q3 25
$2.3B
Q2 25
$2.2B
$96.7M
Q1 25
$2.1B
Q4 24
$2.3B
$106.1M
Q3 24
$2.3B
Q2 24
$2.0B
$245.8M
Total Assets
MAT
MAT
OTLY
OTLY
Q1 26
$6.3B
Q4 25
$6.6B
$787.2M
Q3 25
$6.6B
Q2 25
$6.2B
$803.1M
Q1 25
$6.2B
Q4 24
$6.5B
$804.0M
Q3 24
$6.5B
Q2 24
$5.9B
Debt / Equity
MAT
MAT
OTLY
OTLY
Q1 26
1.11×
Q4 25
1.04×
26.59×
Q3 25
1.03×
Q2 25
1.08×
1.25×
Q1 25
1.10×
Q4 24
1.03×
4.21×
Q3 24
1.01×
Q2 24
1.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MAT
MAT
OTLY
OTLY
Operating Cash FlowLast quarter
$-8.7M
Free Cash FlowOCF − Capex
$-88.1M
$-11.3M
FCF MarginFCF / Revenue
-10.2%
-2.5%
Capex IntensityCapex / Revenue
7.6%
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-189.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAT
MAT
OTLY
OTLY
Q1 26
Q4 25
$796.6M
$-8.7M
Q3 25
$72.0M
Q2 25
$-300.1M
$-15.0M
Q1 25
$24.8M
Q4 24
$862.1M
$-28.4M
Q3 24
$155.8M
Q2 24
$-252.9M
$-86.0M
Free Cash Flow
MAT
MAT
OTLY
OTLY
Q1 26
$-88.1M
Q4 25
$-11.3M
Q3 25
Q2 25
$-24.8M
Q1 25
Q4 24
$-47.9M
Q3 24
Q2 24
$-105.7M
FCF Margin
MAT
MAT
OTLY
OTLY
Q1 26
-10.2%
Q4 25
-2.5%
Q3 25
Q2 25
-11.9%
Q1 25
Q4 24
-11.3%
Q3 24
Q2 24
-52.3%
Capex Intensity
MAT
MAT
OTLY
OTLY
Q1 26
7.6%
Q4 25
0.6%
Q3 25
Q2 25
4.7%
Q1 25
Q4 24
4.6%
Q3 24
Q2 24
9.7%
Cash Conversion
MAT
MAT
OTLY
OTLY
Q1 26
Q4 25
7.50×
Q3 25
0.26×
Q2 25
-5.62×
Q1 25
Q4 24
6.12×
Q3 24
0.42×
Q2 24
-4.45×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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