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

VEON Ltd. is the larger business by last-quarter revenue ($1.1B vs $862.2M, roughly 1.3× MATTEL INC). VEON Ltd. runs the higher net margin — 55.9% vs 7.1%, a 48.9% gap on every dollar of revenue. On growth, VEON Ltd. posted the faster year-over-year revenue change (5.8% vs 4.3%).

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.

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

MAT vs VEON — Head-to-Head

Bigger by revenue
VEON
VEON
1.3× larger
VEON
$1.1B
$862.2M
MAT
Growing faster (revenue YoY)
VEON
VEON
+1.5% gap
VEON
5.8%
4.3%
MAT
Higher net margin
VEON
VEON
48.9% more per $
VEON
55.9%
7.1%
MAT

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
MAT
MAT
VEON
VEON
Revenue
$862.2M
$1.1B
Net Profit
$61.0M
$608.0M
Gross Margin
44.9%
Operating Margin
75.4%
Net Margin
7.1%
55.9%
Revenue YoY
4.3%
5.8%
Net Profit YoY
251.4%
583.1%
EPS (diluted)
$0.20
$0.34

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
VEON
VEON
Q1 26
$862.2M
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.0B
$1.1B
Q1 25
$826.6M
Q4 24
$1.6B
Q3 24
$1.8B
Q2 24
$1.1B
$1.0B
Net Profit
MAT
MAT
VEON
VEON
Q1 26
$61.0M
Q4 25
$106.2M
Q3 25
$278.4M
Q2 25
$53.4M
$608.0M
Q1 25
$-40.3M
Q4 24
$140.9M
Q3 24
$372.4M
Q2 24
$56.9M
$89.0M
Gross Margin
MAT
MAT
VEON
VEON
Q1 26
44.9%
Q4 25
45.9%
Q3 25
50.0%
Q2 25
50.9%
Q1 25
49.4%
Q4 24
50.7%
Q3 24
53.1%
Q2 24
49.2%
Operating Margin
MAT
MAT
VEON
VEON
Q1 26
Q4 25
8.0%
Q3 25
21.9%
Q2 25
7.7%
75.4%
Q1 25
-6.4%
Q4 24
9.6%
Q3 24
26.5%
Q2 24
7.7%
27.1%
Net Margin
MAT
MAT
VEON
VEON
Q1 26
7.1%
Q4 25
6.0%
Q3 25
16.0%
Q2 25
5.2%
55.9%
Q1 25
-4.9%
Q4 24
8.6%
Q3 24
20.2%
Q2 24
5.3%
8.7%
EPS (diluted)
MAT
MAT
VEON
VEON
Q1 26
$0.20
Q4 25
$0.32
Q3 25
$0.88
Q2 25
$0.16
$0.34
Q1 25
$-0.12
Q4 24
$0.40
Q3 24
$1.09
Q2 24
$0.17
$0.04

Balance Sheet & Financial Strength

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

Metric
MAT
MAT
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$866.0M
$1.3B
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$2.1B
$1.5B
Total Assets
$6.3B
$8.5B
Debt / EquityLower = less leverage
1.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAT
MAT
VEON
VEON
Q1 26
$866.0M
Q4 25
$1.2B
Q3 25
$691.9M
Q2 25
$870.5M
$1.3B
Q1 25
$1.2B
Q4 24
$1.4B
Q3 24
$723.5M
Q2 24
$722.4M
$862.0M
Total Debt
MAT
MAT
VEON
VEON
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
MAT
MAT
VEON
VEON
Q1 26
$2.1B
Q4 25
$2.2B
Q3 25
$2.3B
Q2 25
$2.2B
$1.5B
Q1 25
$2.1B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.0B
$1.1B
Total Assets
MAT
MAT
VEON
VEON
Q1 26
$6.3B
Q4 25
$6.6B
Q3 25
$6.6B
Q2 25
$6.2B
$8.5B
Q1 25
$6.2B
Q4 24
$6.5B
Q3 24
$6.5B
Q2 24
$5.9B
$7.3B
Debt / Equity
MAT
MAT
VEON
VEON
Q1 26
1.11×
Q4 25
1.04×
Q3 25
1.03×
Q2 25
1.08×
Q1 25
1.10×
Q4 24
1.03×
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
VEON
VEON
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-88.1M
FCF MarginFCF / Revenue
-10.2%
Capex IntensityCapex / Revenue
7.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAT
MAT
VEON
VEON
Q1 26
Q4 25
$796.6M
Q3 25
$72.0M
Q2 25
$-300.1M
Q1 25
$24.8M
Q4 24
$862.1M
Q3 24
$155.8M
Q2 24
$-252.9M
Free Cash Flow
MAT
MAT
VEON
VEON
Q1 26
$-88.1M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
MAT
MAT
VEON
VEON
Q1 26
-10.2%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
MAT
MAT
VEON
VEON
Q1 26
7.6%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
MAT
MAT
VEON
VEON
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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