# Leisure — company-by-company sector analysis

> Leisure: Amer Sports, Inc. owns the largest revenue base AND the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-04. Not investment advice.

## Bottom line

Leisure has underperformed S&P 500 by 6.6% over 52 weeks and 0.8% over 13 weeks. 10 of 22 covered companies beat the S&P 500 on Mansfield relative strength, while 10 of 22 beat the sector itself. Amer Sports, Inc. leads with revenue of $7,039 million, based on 17 of 22 comparable companies through Mar 2026.

## Sector relative strength

Leisure has underperformed S&P 500 by 6.6% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 0.8%. 10 of 22 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Life Time Group Holdings, Inc. is the strongest against the sector itself at +35.3%.

13-week sector return versus NIFTY 500: -0.8%
52-week sector return versus NIFTY 500: -6.6%
Stocks leading NIFTY: 10/22
Stocks leading sector: 10/22

Central tension: The central tension: current leadership is concentrated, so durability matters more than rank.

Companies: 22
Combined market value: ₹79.6K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Life Time Group Holdings, Inc. (LTH): 61/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 18.2/35 | Capital efficiency 12.4/25 | Valuation 10.2/20 | Relative strength 20.0/20
   - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 11 of the last 12 weeks
   - Exact sum: 18.2 + 12.4 + 10.2 + 20 = 60.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2. Escalade, Incorporated (ESCA): 60/100 — Mixed-positive evidence; evidence 75%
   - Growth & earnings 18.9/35 | Capital efficiency 13.4/25 | Valuation 11.7/20 | Relative strength 16.1/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 5 of the last 12 weeks
   - Exact sum: 18.9 + 13.4 + 11.7 + 16.1 = 60.1
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Planet Fitness, Inc. (PLNT): 56/100 — Mixed-positive evidence; evidence 81%
   - Growth & earnings 22.4/35 | Capital efficiency 15.8/25 | Valuation 12.5/20 | Relative strength 5.0/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks
   - Exact sum: 22.4 + 15.8 + 12.5 + 5 = 55.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. Hasbro, Inc. (HAS): 55/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 23.2/35 | Capital efficiency 15.9/25 | Valuation 11.2/20 | Relative strength 4.9/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 23.2 + 15.9 + 11.2 + 4.9 = 55.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5. Acushnet Holdings Corp. (GOLF): 55/100 — Mixed-positive evidence; evidence 81%
   - Growth & earnings 14.0/35 | Capital efficiency 15.4/25 | Valuation 12.2/20 | Relative strength 13.3/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 5 of the last 12 weeks
   - Exact sum: 14 + 15.4 + 12.2 + 13.3 = 54.9
   - Decision use: Price leads the evidence: RS versus the benchmark is 1.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6. Amer Sports, Inc. (AS): 54/100 — Mixed-positive evidence; evidence 71%
   - Growth & earnings 25.3/35 | Capital efficiency 13.3/25 | Valuation 9.3/20 | Relative strength 6.5/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 25.3 + 13.3 + 9.3 + 6.5 = 54.4
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -7.5% and the one-year return is -2.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
7. OneSpaWorld Holdings Limited (OSW): 53/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 17.1/35 | Capital efficiency 12.1/25 | Valuation 9.5/20 | Relative strength 13.9/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 6 of the last 12 weeks
   - Exact sum: 17.1 + 12.1 + 9.5 + 13.9 = 52.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8. Callaway Golf Company (CALY): 52/100 — Mixed-positive evidence; evidence 71%
   - Growth & earnings 16.7/35 | Capital efficiency 13.4/25 | Valuation 8.7/20 | Relative strength 13.6/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks
   - Exact sum: 16.7 + 13.4 + 8.7 + 13.6 = 52.4
   - Decision use: Price leads the evidence: RS versus the benchmark is 30.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9. Peloton Interactive, Inc. (PTON): 51/100 — Mixed-positive evidence; evidence 64%
   - Growth & earnings 20.9/35 | Capital efficiency 10.8/25 | Valuation 9.0/20 | Relative strength 10.7/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks
   - Exact sum: 20.9 + 10.8 + 9 + 10.7 = 51.4
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10. Funko, Inc. (FNKO): 51/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 19.3/35 | Capital efficiency 5.3/25 | Valuation 10.5/20 | Relative strength 15.7/20
   - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 8 of the last 12 weeks
   - Exact sum: 19.3 + 5.3 + 10.5 + 15.7 = 50.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11. YETI Holdings, Inc. (YETI): 50/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 12.0/35 | Capital efficiency 11.0/25 | Valuation 10.7/20 | Relative strength 16.1/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 10 of the last 12 weeks
   - Exact sum: 12 + 11 + 10.7 + 16.1 = 49.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12. Xponential Fitness, Inc. (XPOF): 48/100 — Thin evidence · provisional; evidence 55%
   - Growth & earnings 18.8/35 | Capital efficiency 13.4/25 | Valuation 10.0/20 | Relative strength 5.6/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 4 of the last 12 weeks
   - Exact sum: 18.8 + 13.4 + 10 + 5.6 = 47.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13. Johnson Outdoors Inc. (JOUT): 46/100 — Thin evidence · provisional; evidence 52%
   - Growth & earnings 17.7/35 | Capital efficiency 10.0/25 | Valuation 8.8/20 | Relative strength 9.3/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 17.7 + 10 + 8.8 + 9.3 = 45.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14. American Outdoor Brands, Inc. (AOUT): 45/100 — Mixed-negative evidence; evidence 61%
   - Growth & earnings 11.7/35 | Capital efficiency 7.2/25 | Valuation 10.8/20 | Relative strength 15.3/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks
   - Exact sum: 11.7 + 7.2 + 10.8 + 15.3 = 45
   - Decision use: Price leads the evidence: RS versus the benchmark is 22.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
15. JAKKS Pacific, Inc. (JAKK): 45/100 — Mixed-negative evidence; evidence 68%
   - Growth & earnings 9.5/35 | Capital efficiency 5.8/25 | Valuation 14.8/20 | Relative strength 14.8/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 4 of the last 12 weeks
   - Exact sum: 9.5 + 5.8 + 14.8 + 14.8 = 44.9
   - Decision use: Price leads the evidence: RS versus the benchmark is 17.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
16. Mattel, Inc. (MAT): 42/100 — Mixed-negative evidence; evidence 74%
   - Growth & earnings 12.7/35 | Capital efficiency 7.5/25 | Valuation 15.7/20 | Relative strength 5.6/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 12.7 + 7.5 + 15.7 + 5.6 = 41.5
   - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
17. United Parks & Resorts Inc. (PRKS): 41/100 — Mixed-negative evidence; evidence 74%
   - Growth & earnings 10.7/35 | Capital efficiency 8.6/25 | Valuation 7.9/20 | Relative strength 14.0/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 11 of the last 12 weeks
   - Exact sum: 10.7 + 8.6 + 7.9 + 14 = 41.2
   - Decision use: Price leads the evidence: RS versus the benchmark is 0.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
18. Playboy, Inc. (PLBY): 40/100 — Thin evidence · provisional; evidence 55%
   - Growth & earnings 21.0/35 | Capital efficiency 5.3/25 | Valuation 10.0/20 | Relative strength 3.9/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 21 + 5.3 + 10 + 3.9 = 40.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
19. Six Flags Entertainment Corporation (FUN): 39/100 — Mixed-negative evidence; evidence 64%
   - Growth & earnings 23.0/35 | Capital efficiency 3.7/25 | Valuation 8.5/20 | Relative strength 4.1/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 6 of the last 12 weeks
   - Exact sum: 23 + 3.7 + 8.5 + 4.1 = 39.3
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.2% and the one-year return is -23.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
20. Lucky Strike Entertainment Corporation (LUCK): 37/100 — Mixed-negative evidence; evidence 65%
   - Growth & earnings 11.9/35 | Capital efficiency 11.8/25 | Valuation 9.2/20 | Relative strength 4.3/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 11.9 + 11.8 + 9.2 + 4.3 = 37.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21. Tron Inc. (TRON): 36/100 — Mixed-negative evidence; evidence 61%
   - Growth & earnings 19.7/35 | Capital efficiency 5.6/25 | Valuation 10.0/20 | Relative strength 1.1/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 3 of the last 12 weeks
   - Exact sum: 19.7 + 5.6 + 10 + 1.1 = 36.4
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22. Clarus Corporation (CLAR): 35/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 14.1/35 | Capital efficiency 4.3/25 | Valuation 10.3/20 | Relative strength 6.5/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 5 of the last 12 weeks
   - Exact sum: 14.1 + 4.3 + 10.3 + 6.5 = 35.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Market action

Funko, Inc. has the strongest one-year price move in Leisure at +134.1%. Life Time Group Holdings, Inc. leads on Mansfield relative strength against the S&P 500 at +34%. 10 of 22 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

### Strongest one-year price performers
1. Funko, Inc. (FNKO): 134%
2. Callaway Golf Company (CALY): 128%
3. Escalade, Incorporated (ESCA): 86%
4. Life Time Group Holdings, Inc. (LTH): 66%
5. YETI Holdings, Inc. (YETI): 59%

### Strongest relative strength versus NIFTY 500
1. Life Time Group Holdings, Inc. (LTH): 34%
2. Callaway Golf Company (CALY): 31%
3. Escalade, Incorporated (ESCA): 29%
4. Funko, Inc. (FNKO): 27%
5. American Outdoor Brands, Inc. (AOUT): 22%

## Revenue Scale & Growth Durability

What the numbers say: Amer Sports, Inc. is the scale leader at $7,039 million, 30.8% ahead of Mattel, Inc.. Amer Sports, Inc.'s growth is 28.8% from a $7,039 million base, with 17 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Amer Sports, Inc. is the scale benchmark; Amer Sports, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Amer Sports, Inc.'s growth falls below Amer Sports, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Evidence: Amer Sports, Inc. · $7,039 million | 30.8% versus #2 · Mattel, Inc. | 8/8 recent comparable periods | 17/22 companies · 403 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Amer Sports, Inc. (AS): ₹7.0K Cr
2. Mattel, Inc. (MAT): ₹5.4K Cr
3. Six Flags Entertainment Corporation (FUN): ₹3.1K Cr
4. Callaway Golf Company (CALY): ₹3.1K Cr
5. Acushnet Holdings Corp. (GOLF): ₹2.6K Cr

### Revenue growth — fastest growers
1. Amer Sports, Inc. (AS): 29%
2. Planet Fitness, Inc. (PLNT): 14%
3. Six Flags Entertainment Corporation (FUN): 11%
4. Acushnet Holdings Corp. (GOLF): 6.3%
5. Playboy, Inc. (PLBY): 5.2%

### 20-quarter Revenue history
- AS: Sep 2021 — | Dec 2021 — | Mar 2022 ₹809 Cr | Jun 2022 ₹694 Cr | Sep 2022 ₹847 Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹1.1K Cr | Jun 2023 ₹857 Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.3K Cr | Mar 2024 ₹1.2K Cr | Jun 2024 ₹1.0K Cr | Sep 2024 ₹1.4K Cr | Dec 2024 ₹1.6K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹1.8K Cr | Dec 2025 ₹2.1K Cr | Mar 2026 ₹1.9K Cr | Jun 2026 —
- HAS: Sep 2021 ₹2.0K Cr | Dec 2021 ₹2.0K Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹1.3K Cr | Sep 2022 ₹1.7K Cr | Dec 2022 ₹1.7K Cr | Mar 2023 — | Jun 2023 ₹1.0K Cr | Sep 2023 ₹1.2K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹757 Cr | Jun 2024 ₹995 Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹887 Cr | Jun 2025 ₹981 Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.0K Cr | Jun 2026 —
- LTH: Sep 2021 ₹385 Cr | Dec 2021 ₹361 Cr | Mar 2022 ₹392 Cr | Jun 2022 ₹461 Cr | Sep 2022 ₹496 Cr | Dec 2022 ₹473 Cr | Mar 2023 ₹511 Cr | Jun 2023 ₹562 Cr | Sep 2023 ₹585 Cr | Dec 2023 ₹559 Cr | Mar 2024 ₹597 Cr | Jun 2024 ₹668 Cr | Sep 2024 ₹693 Cr | Dec 2024 ₹663 Cr | Mar 2025 ₹706 Cr | Jun 2025 ₹761 Cr | Sep 2025 ₹783 Cr | Dec 2025 ₹745 Cr | Mar 2026 ₹789 Cr | Jun 2026 —
- GOLF: Sep 2021 ₹522 Cr | Dec 2021 ₹421 Cr | Mar 2022 ₹606 Cr | Jun 2022 ₹659 Cr | Sep 2022 ₹558 Cr | Dec 2022 ₹447 Cr | Mar 2023 ₹686 Cr | Jun 2023 ₹689 Cr | Sep 2023 ₹593 Cr | Dec 2023 ₹413 Cr | Mar 2024 ₹708 Cr | Jun 2024 ₹684 Cr | Sep 2024 ₹621 Cr | Dec 2024 ₹445 Cr | Mar 2025 ₹703 Cr | Jun 2025 ₹720 Cr | Sep 2025 ₹658 Cr | Dec 2025 ₹477 Cr | Mar 2026 ₹753 Cr | Jun 2026 —
- PLNT: Sep 2021 ₹154 Cr | Dec 2021 ₹184 Cr | Mar 2022 ₹187 Cr | Jun 2022 ₹224 Cr | Sep 2022 ₹244 Cr | Dec 2022 ₹281 Cr | Mar 2023 ₹222 Cr | Jun 2023 ₹286 Cr | Sep 2023 ₹278 Cr | Dec 2023 ₹285 Cr | Mar 2024 ₹248 Cr | Jun 2024 ₹301 Cr | Sep 2024 ₹292 Cr | Dec 2024 ₹340 Cr | Mar 2025 ₹277 Cr | Jun 2025 ₹341 Cr | Sep 2025 ₹330 Cr | Dec 2025 ₹376 Cr | Mar 2026 ₹337 Cr | Jun 2026 —
- MAT: Sep 2021 ₹1.8K Cr | Dec 2021 ₹1.8K Cr | Mar 2022 ₹1.0K Cr | Jun 2022 ₹1.2K Cr | Sep 2022 ₹1.8K Cr | Dec 2022 ₹1.4K Cr | Mar 2023 ₹815 Cr | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.9K Cr | Dec 2023 ₹1.6K Cr | Mar 2024 ₹810 Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹1.8K Cr | Dec 2024 ₹1.6K Cr | Mar 2025 ₹827 Cr | Jun 2025 ₹1.0K Cr | Sep 2025 ₹1.7K Cr | Dec 2025 ₹1.8K Cr | Mar 2026 ₹862 Cr | Jun 2026 —
- YETI: Sep 2021 ₹358 Cr | Dec 2021 ₹363 Cr | Mar 2022 ₹443 Cr | Jun 2022 ₹294 Cr | Sep 2022 ₹420 Cr | Dec 2022 ₹434 Cr | Mar 2023 — | Jun 2023 ₹303 Cr | Sep 2023 ₹403 Cr | Dec 2023 ₹520 Cr | Mar 2024 ₹341 Cr | Jun 2024 ₹463 Cr | Sep 2024 ₹478 Cr | Dec 2024 ₹547 Cr | Mar 2025 ₹351 Cr | Jun 2025 ₹446 Cr | Sep 2025 ₹488 Cr | Dec 2025 — | Mar 2026 ₹584 Cr | Jun 2026 ₹380 Cr
- CALY: Sep 2021 ₹857 Cr | Dec 2021 ₹712 Cr | Mar 2022 ₹1.0K Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹989 Cr | Dec 2022 ₹851 Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹1.2K Cr | Sep 2023 ₹1.0K Cr | Dec 2023 ₹897 Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.0K Cr | Dec 2024 ₹371 Cr | Mar 2025 ₹630 Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹934 Cr | Dec 2025 ₹368 Cr | Mar 2026 ₹688 Cr | Jun 2026 —
- PTON: Sep 2021 ₹805 Cr | Dec 2021 ₹1.1K Cr | Mar 2022 ₹964 Cr | Jun 2022 ₹679 Cr | Sep 2022 ₹617 Cr | Dec 2022 ₹793 Cr | Mar 2023 ₹749 Cr | Jun 2023 ₹642 Cr | Sep 2023 ₹596 Cr | Dec 2023 ₹744 Cr | Mar 2024 ₹718 Cr | Jun 2024 ₹644 Cr | Sep 2024 ₹586 Cr | Dec 2024 ₹674 Cr | Mar 2025 ₹624 Cr | Jun 2025 ₹607 Cr | Sep 2025 ₹551 Cr | Dec 2025 ₹657 Cr | Mar 2026 ₹631 Cr | Jun 2026 —
- OSW: Sep 2021 ₹44 Cr | Dec 2021 ₹86 Cr | Mar 2022 ₹88 Cr | Jun 2022 ₹127 Cr | Sep 2022 ₹162 Cr | Dec 2022 ₹169 Cr | Mar 2023 ₹182 Cr | Jun 2023 ₹201 Cr | Sep 2023 ₹216 Cr | Dec 2023 ₹195 Cr | Mar 2024 ₹211 Cr | Jun 2024 ₹225 Cr | Sep 2024 ₹242 Cr | Dec 2024 ₹217 Cr | Mar 2025 ₹220 Cr | Jun 2025 ₹241 Cr | Sep 2025 ₹259 Cr | Dec 2025 ₹242 Cr | Mar 2026 ₹248 Cr | Jun 2026 —
- PRKS: Sep 2021 ₹521 Cr | Dec 2021 ₹371 Cr | Mar 2022 ₹271 Cr | Jun 2022 ₹505 Cr | Sep 2022 ₹565 Cr | Dec 2022 ₹391 Cr | Mar 2023 ₹293 Cr | Jun 2023 ₹496 Cr | Sep 2023 ₹548 Cr | Dec 2023 ₹389 Cr | Mar 2024 ₹297 Cr | Jun 2024 ₹498 Cr | Sep 2024 ₹546 Cr | Dec 2024 ₹384 Cr | Mar 2025 ₹287 Cr | Jun 2025 ₹490 Cr | Sep 2025 ₹512 Cr | Dec 2025 ₹374 Cr | Mar 2026 ₹278 Cr | Jun 2026 —
- FUN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹85 Cr | Jun 2023 ₹501 Cr | Sep 2023 ₹842 Cr | Dec 2023 ₹371 Cr | Mar 2024 ₹102 Cr | Jun 2024 ₹572 Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹687 Cr | Mar 2025 ₹202 Cr | Jun 2025 ₹930 Cr | Sep 2025 ₹1.3K Cr | Dec 2025 ₹650 Cr | Mar 2026 ₹226 Cr | Jun 2026 —
- LUCK: Sep 2021 ₹181 Cr | Dec 2021 ₹205 Cr | Mar 2022 ₹258 Cr | Jun 2022 — | Sep 2022 ₹268 Cr | Dec 2022 ₹230 Cr | Mar 2023 ₹273 Cr | Jun 2023 ₹316 Cr | Sep 2023 ₹239 Cr | Dec 2023 ₹227 Cr | Mar 2024 ₹338 Cr | Jun 2024 ₹284 Cr | Sep 2024 ₹260 Cr | Dec 2024 ₹300 Cr | Mar 2025 ₹340 Cr | Jun 2025 ₹301 Cr | Sep 2025 ₹292 Cr | Dec 2025 ₹307 Cr | Mar 2026 ₹342 Cr | Jun 2026 —
- TRON: Sep 2021 — | Dec 2021 ₹1 Cr | Mar 2022 — | Jun 2022 — | Sep 2022 ₹2 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹1 Cr | Jun 2026 —
- JOUT: Sep 2021 ₹214 Cr | Dec 2021 ₹166 Cr | Mar 2022 — | Jun 2022 ₹190 Cr | Sep 2022 ₹204 Cr | Dec 2022 ₹178 Cr | Mar 2023 ₹202 Cr | Jun 2023 ₹187 Cr | Sep 2023 ₹96 Cr | Dec 2023 ₹139 Cr | Mar 2024 ₹176 Cr | Jun 2024 ₹172 Cr | Sep 2024 ₹106 Cr | Dec 2024 ₹108 Cr | Mar 2025 ₹168 Cr | Jun 2025 ₹181 Cr | Sep 2025 — | Dec 2025 ₹136 Cr | Mar 2026 ₹141 Cr | Jun 2026 ₹194 Cr
- XPOF: Sep 2021 ₹41 Cr | Dec 2021 ₹49 Cr | Mar 2022 ₹50 Cr | Jun 2022 ₹60 Cr | Sep 2022 ₹64 Cr | Dec 2022 ₹70 Cr | Mar 2023 ₹71 Cr | Jun 2023 ₹77 Cr | Sep 2023 ₹80 Cr | Dec 2023 ₹89 Cr | Mar 2024 ₹80 Cr | Jun 2024 ₹77 Cr | Sep 2024 ₹81 Cr | Dec 2024 ₹83 Cr | Mar 2025 ₹77 Cr | Jun 2025 ₹76 Cr | Sep 2025 ₹79 Cr | Dec 2025 ₹83 Cr | Mar 2026 ₹61 Cr | Jun 2026 —
- FNKO: Sep 2021 ₹268 Cr | Dec 2021 ₹336 Cr | Mar 2022 ₹308 Cr | Jun 2022 ₹316 Cr | Sep 2022 ₹366 Cr | Dec 2022 ₹333 Cr | Mar 2023 ₹252 Cr | Jun 2023 ₹240 Cr | Sep 2023 ₹313 Cr | Dec 2023 ₹291 Cr | Mar 2024 ₹216 Cr | Jun 2024 ₹248 Cr | Sep 2024 ₹293 Cr | Dec 2024 ₹294 Cr | Mar 2025 ₹191 Cr | Jun 2025 ₹193 Cr | Sep 2025 ₹251 Cr | Dec 2025 ₹273 Cr | Mar 2026 ₹201 Cr | Jun 2026 —
- ESCA: Sep 2021 ₹100 Cr | Dec 2021 ₹81 Cr | Mar 2022 ₹72 Cr | Jun 2022 — | Sep 2022 ₹94 Cr | Dec 2022 ₹75 Cr | Mar 2023 ₹57 Cr | Jun 2023 ₹68 Cr | Sep 2023 ₹73 Cr | Dec 2023 ₹66 Cr | Mar 2024 ₹57 Cr | Jun 2024 ₹63 Cr | Sep 2024 ₹68 Cr | Dec 2024 ₹64 Cr | Mar 2025 ₹55 Cr | Jun 2025 ₹54 Cr | Sep 2025 ₹68 Cr | Dec 2025 ₹63 Cr | Mar 2026 ₹56 Cr | Jun 2026 —
- JAKK: Sep 2021 ₹237 Cr | Dec 2021 ₹188 Cr | Mar 2022 ₹121 Cr | Jun 2022 ₹220 Cr | Sep 2022 ₹323 Cr | Dec 2022 ₹132 Cr | Mar 2023 ₹107 Cr | Jun 2023 ₹167 Cr | Sep 2023 ₹310 Cr | Dec 2023 ₹127 Cr | Mar 2024 ₹90 Cr | Jun 2024 ₹149 Cr | Sep 2024 ₹322 Cr | Dec 2024 ₹131 Cr | Mar 2025 ₹113 Cr | Jun 2025 ₹119 Cr | Sep 2025 ₹211 Cr | Dec 2025 ₹127 Cr | Mar 2026 ₹107 Cr | Jun 2026 —
- AOUT: Sep 2021 ₹61 Cr | Dec 2021 ₹71 Cr | Mar 2022 ₹70 Cr | Jun 2022 ₹46 Cr | Sep 2022 ₹44 Cr | Dec 2022 ₹54 Cr | Mar 2023 ₹51 Cr | Jun 2023 ₹42 Cr | Sep 2023 ₹43 Cr | Dec 2023 ₹58 Cr | Mar 2024 ₹53 Cr | Jun 2024 ₹46 Cr | Sep 2024 ₹42 Cr | Dec 2024 ₹60 Cr | Mar 2025 ₹59 Cr | Jun 2025 ₹62 Cr | Sep 2025 ₹30 Cr | Dec 2025 ₹57 Cr | Mar 2026 ₹57 Cr | Jun 2026 ₹47 Cr
- PLBY: Sep 2021 ₹58 Cr | Dec 2021 ₹96 Cr | Mar 2022 ₹69 Cr | Jun 2022 ₹48 Cr | Sep 2022 ₹46 Cr | Dec 2022 ₹45 Cr | Mar 2023 ₹35 Cr | Jun 2023 ₹35 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹92 Cr | Mar 2024 ₹28 Cr | Jun 2024 ₹25 Cr | Sep 2024 ₹29 Cr | Dec 2024 ₹33 Cr | Mar 2025 ₹29 Cr | Jun 2025 ₹28 Cr | Sep 2025 ₹29 Cr | Dec 2025 ₹35 Cr | Mar 2026 ₹30 Cr | Jun 2026 —
- CLAR: Sep 2021 ₹109 Cr | Dec 2021 ₹118 Cr | Mar 2022 ₹113 Cr | Jun 2022 ₹115 Cr | Sep 2022 ₹116 Cr | Dec 2022 ₹74 Cr | Mar 2023 ₹70 Cr | Jun 2023 ₹58 Cr | Sep 2023 ₹81 Cr | Dec 2023 ₹77 Cr | Mar 2024 ₹69 Cr | Jun 2024 ₹56 Cr | Sep 2024 ₹67 Cr | Dec 2024 ₹71 Cr | Mar 2025 ₹60 Cr | Jun 2025 ₹55 Cr | Sep 2025 ₹69 Cr | Dec 2025 ₹65 Cr | Mar 2026 ₹62 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- AS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 30% | Jun 2023 23% | Sep 2023 35% | Dec 2023 9.7% | Mar 2024 14% | Jun 2024 17% | Sep 2024 18% | Dec 2024 24% | Mar 2025 23% | Jun 2025 23% | Sep 2025 30% | Dec 2025 28% | Mar 2026 32% | Jun 2026 —
- HAS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.3% | Sep 2022 -15% | Dec 2022 -17% | Mar 2023 — | Jun 2023 -25% | Sep 2023 -28% | Dec 2023 -10% | Mar 2024 — | Jun 2024 -0.6% | Sep 2024 5.9% | Dec 2024 -27% | Mar 2025 17% | Jun 2025 -1.4% | Sep 2025 8.4% | Dec 2025 31% | Mar 2026 13% | Jun 2026 —
- LTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 43% | Sep 2022 29% | Dec 2022 31% | Mar 2023 30% | Jun 2023 22% | Sep 2023 18% | Dec 2023 18% | Mar 2024 17% | Jun 2024 19% | Sep 2024 18% | Dec 2024 19% | Mar 2025 18% | Jun 2025 14% | Sep 2025 13% | Dec 2025 12% | Mar 2026 12% | Jun 2026 —
- GOLF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 5.4% | Sep 2022 6.9% | Dec 2022 6.2% | Mar 2023 13% | Jun 2023 4.6% | Sep 2023 6.3% | Dec 2023 -7.6% | Mar 2024 3.2% | Jun 2024 -0.7% | Sep 2024 4.7% | Dec 2024 7.8% | Mar 2025 -0.7% | Jun 2025 5.3% | Sep 2025 6.0% | Dec 2025 7.2% | Mar 2026 7.1% | Jun 2026 —
- PLNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 64% | Sep 2022 58% | Dec 2022 53% | Mar 2023 19% | Jun 2023 28% | Sep 2023 14% | Dec 2023 1.4% | Mar 2024 12% | Jun 2024 5.2% | Sep 2024 5.0% | Dec 2024 19% | Mar 2025 12% | Jun 2025 13% | Sep 2025 13% | Dec 2025 11% | Mar 2026 22% | Jun 2026 —
- MAT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 20% | Sep 2022 -0.3% | Dec 2022 -22% | Mar 2023 -22% | Jun 2023 -12% | Sep 2023 9.3% | Dec 2023 16% | Mar 2024 -0.6% | Jun 2024 -0.6% | Sep 2024 -3.9% | Dec 2024 1.5% | Mar 2025 2.1% | Jun 2025 -5.7% | Sep 2025 -5.9% | Dec 2025 7.3% | Mar 2026 4.2% | Jun 2026 —
- YETI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 17% | Dec 2022 20% | Mar 2023 — | Jun 2023 3.1% | Sep 2023 -4.1% | Dec 2023 20% | Mar 2024 — | Jun 2024 53% | Sep 2024 19% | Dec 2024 5.2% | Mar 2025 2.9% | Jun 2025 -3.7% | Sep 2025 2.1% | Dec 2025 — | Mar 2026 66% | Jun 2026 -15%
- CALY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 22% | Sep 2022 15% | Dec 2022 20% | Mar 2023 12% | Jun 2023 5.7% | Sep 2023 5.3% | Dec 2023 5.4% | Mar 2024 -2.0% | Jun 2024 -1.9% | Sep 2024 -2.7% | Dec 2024 -59% | Mar 2025 -45% | Jun 2025 -4.1% | Sep 2025 -7.8% | Dec 2025 -0.8% | Mar 2026 9.2% | Jun 2026 —
- PTON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -28% | Sep 2022 -23% | Dec 2022 -30% | Mar 2023 -22% | Jun 2023 -5.5% | Sep 2023 -3.4% | Dec 2023 -6.2% | Mar 2024 -4.1% | Jun 2024 0.3% | Sep 2024 -1.7% | Dec 2024 -9.4% | Mar 2025 -13% | Jun 2025 -5.8% | Sep 2025 -6.0% | Dec 2025 -2.5% | Mar 2026 1.1% | Jun 2026 —
- OSW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1,311% | Sep 2022 268% | Dec 2022 97% | Mar 2023 107% | Jun 2023 58% | Sep 2023 33% | Dec 2023 15% | Mar 2024 16% | Jun 2024 12% | Sep 2024 12% | Dec 2024 11% | Mar 2025 4.3% | Jun 2025 7.1% | Sep 2025 7.0% | Dec 2025 12% | Mar 2026 13% | Jun 2026 —
- PRKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 15% | Sep 2022 8.5% | Dec 2022 5.4% | Mar 2023 8.1% | Jun 2023 -1.8% | Sep 2023 -3.0% | Dec 2023 -0.5% | Mar 2024 1.4% | Jun 2024 0.4% | Sep 2024 -0.4% | Dec 2024 -1.3% | Mar 2025 -3.4% | Jun 2025 -1.6% | Sep 2025 -6.2% | Dec 2025 -2.6% | Mar 2026 -3.1% | Jun 2026 —
- FUN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 20% | Jun 2024 14% | Sep 2024 60% | Dec 2024 85% | Mar 2025 98% | Jun 2025 63% | Sep 2025 -2.2% | Dec 2025 -5.4% | Mar 2026 12% | Jun 2026 —
- LUCK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 48% | Dec 2022 12% | Mar 2023 5.8% | Jun 2023 — | Sep 2023 -11% | Dec 2023 -1.3% | Mar 2024 24% | Jun 2024 -10% | Sep 2024 8.8% | Dec 2024 32% | Mar 2025 0.6% | Jun 2025 6.0% | Sep 2025 12% | Dec 2025 2.3% | Mar 2026 0.6% | Jun 2026 —
- TRON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 0.0% | Mar 2023 — | Jun 2023 — | Sep 2023 -50% | Dec 2023 0.0% | Mar 2024 0.0% | Jun 2024 0.0% | Sep 2024 0.0% | Dec 2024 0.0% | Mar 2025 0.0% | Jun 2025 -50% | Sep 2025 0.0% | Dec 2025 0.0% | Mar 2026 0.0% | Jun 2026 —
- JOUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -4.7% | Dec 2022 7.2% | Mar 2023 — | Jun 2023 -1.6% | Sep 2023 -53% | Dec 2023 -22% | Mar 2024 -13% | Jun 2024 -8.0% | Sep 2024 10% | Dec 2024 -22% | Mar 2025 -4.6% | Jun 2025 5.2% | Sep 2025 — | Dec 2025 26% | Mar 2026 -16% | Jun 2026 7.2%
- XPOF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 67% | Sep 2022 56% | Dec 2022 43% | Mar 2023 42% | Jun 2023 28% | Sep 2023 25% | Dec 2023 27% | Mar 2024 13% | Jun 2024 0.0% | Sep 2024 1.3% | Dec 2024 -6.7% | Mar 2025 -3.8% | Jun 2025 -1.3% | Sep 2025 -2.5% | Dec 2025 0.0% | Mar 2026 -21% | Jun 2026 —
- FNKO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 34% | Sep 2022 37% | Dec 2022 -0.9% | Mar 2023 -18% | Jun 2023 -24% | Sep 2023 -14% | Dec 2023 -13% | Mar 2024 -14% | Jun 2024 3.3% | Sep 2024 -6.4% | Dec 2024 1.0% | Mar 2025 -12% | Jun 2025 -22% | Sep 2025 -14% | Dec 2025 -7.1% | Mar 2026 5.2% | Jun 2026 —
- ESCA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -6.0% | Dec 2022 -7.4% | Mar 2023 -21% | Jun 2023 — | Sep 2023 -22% | Dec 2023 -12% | Mar 2024 0.0% | Jun 2024 -7.4% | Sep 2024 -6.9% | Dec 2024 -3.0% | Mar 2025 -3.5% | Jun 2025 -14% | Sep 2025 0.0% | Dec 2025 -1.6% | Mar 2026 1.8% | Jun 2026 —
- JAKK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 96% | Sep 2022 36% | Dec 2022 -30% | Mar 2023 -12% | Jun 2023 -24% | Sep 2023 -4.0% | Dec 2023 -3.8% | Mar 2024 -16% | Jun 2024 -11% | Sep 2024 3.9% | Dec 2024 3.2% | Mar 2025 26% | Jun 2025 -20% | Sep 2025 -34% | Dec 2025 -3.1% | Mar 2026 -5.3% | Jun 2026 —
- AOUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -28% | Dec 2022 -24% | Mar 2023 -27% | Jun 2023 -8.7% | Sep 2023 -2.3% | Dec 2023 7.4% | Mar 2024 3.9% | Jun 2024 9.5% | Sep 2024 -2.3% | Dec 2024 3.5% | Mar 2025 11% | Jun 2025 35% | Sep 2025 -29% | Dec 2025 -5.0% | Mar 2026 -3.4% | Jun 2026 -24%
- PLBY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -4.0% | Sep 2022 -21% | Dec 2022 -53% | Mar 2023 -49% | Jun 2023 -27% | Sep 2023 -65% | Dec 2023 104% | Mar 2024 -20% | Jun 2024 -29% | Sep 2024 81% | Dec 2024 -64% | Mar 2025 3.6% | Jun 2025 12% | Sep 2025 0.0% | Dec 2025 6.1% | Mar 2026 3.5% | Jun 2026 —
- CLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 58% | Sep 2022 6.4% | Dec 2022 -37% | Mar 2023 -38% | Jun 2023 -50% | Sep 2023 -30% | Dec 2023 4.1% | Mar 2024 -1.4% | Jun 2024 -3.5% | Sep 2024 -17% | Dec 2024 -7.8% | Mar 2025 -13% | Jun 2025 -1.8% | Sep 2025 3.0% | Dec 2025 -8.5% | Mar 2026 3.3% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: Planet Fitness, Inc. leads opm at 29.3%; Six Flags Entertainment Corporation leads margin change at +20.5 percentage points.

Investor read: Planet Fitness, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Planet Fitness, Inc. · 29.3% | 8.5% versus #2 · Hasbro, Inc. | 8/8 recent comparable periods | 22/22 companies · 403 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Planet Fitness, Inc. (PLNT): 29%
2. Hasbro, Inc. (HAS): 27%
3. Xponential Fitness, Inc. (XPOF): 22%
4. Callaway Golf Company (CALY): 20%
5. Lucky Strike Entertainment Corporation (LUCK): 19%

### Margin change — fastest expanders
1. Six Flags Entertainment Corporation (FUN): +20.5 pp
2. Playboy, Inc. (PLBY): +16.3 pp
3. Peloton Interactive, Inc. (PTON): +13.5 pp
4. Tron Inc. (TRON): +9.0 pp
5. Xponential Fitness, Inc. (XPOF): +8.9 pp

### 20-quarter OPM history
- AS: Sep 2021 — | Dec 2021 — | Mar 2022 6.1% | Jun 2022 -1.6% | Sep 2022 8.3% | Dec 2022 -4.8% | Mar 2023 12% | Jun 2023 0.9% | Sep 2023 9.1% | Dec 2023 4.5% | Mar 2024 9.1% | Jun 2024 -0.8% | Sep 2024 13% | Dec 2024 12% | Mar 2025 15% | Jun 2025 3.5% | Sep 2025 12% | Dec 2025 11% | Mar 2026 17% | Jun 2026 —
- HAS: Sep 2021 19% | Dec 2021 8.5% | Mar 2022 10% | Jun 2022 16% | Sep 2022 12% | Dec 2022 -7.5% | Mar 2023 — | Jun 2023 1.8% | Sep 2023 -16% | Dec 2023 -11% | Mar 2024 15% | Jun 2024 21% | Sep 2024 24% | Dec 2024 5.4% | Mar 2025 19% | Jun 2025 -81% | Sep 2025 25% | Dec 2025 21% | Mar 2026 27% | Jun 2026 —
- LTH: Sep 2021 -4.6% | Dec 2021 -94% | Mar 2022 -2.8% | Jun 2022 4.5% | Sep 2022 11% | Dec 2022 9.5% | Mar 2023 13% | Jun 2023 9.3% | Sep 2023 8.0% | Dec 2023 11% | Mar 2024 12% | Jun 2024 16% | Sep 2024 14% | Dec 2024 13% | Mar 2025 15% | Jun 2025 14% | Sep 2025 17% | Dec 2025 17% | Mar 2026 17% | Jun 2026 —
- GOLF: Sep 2021 10% | Dec 2021 -5.2% | Mar 2022 17% | Jun 2022 13% | Sep 2022 14% | Dec 2022 2.6% | Mar 2023 18% | Jun 2023 15% | Sep 2023 13% | Dec 2023 -6.0% | Mar 2024 17% | Jun 2024 16% | Sep 2024 13% | Dec 2024 -1.2% | Mar 2025 16% | Jun 2025 15% | Sep 2025 14% | Dec 2025 -3.8% | Mar 2026 16% | Jun 2026 —
- PLNT: Sep 2021 29% | Dec 2021 16% | Mar 2022 26% | Jun 2022 25% | Sep 2022 25% | Dec 2022 23% | Mar 2023 24% | Jun 2023 27% | Sep 2023 26% | Dec 2023 25% | Mar 2024 27% | Jun 2024 29% | Sep 2024 28% | Dec 2024 26% | Mar 2025 29% | Jun 2025 30% | Sep 2025 32% | Dec 2025 28% | Mar 2026 29% | Jun 2026 —
- MAT: Sep 2021 22% | Dec 2021 14% | Mar 2022 7.7% | Jun 2022 10% | Sep 2022 22% | Dec 2022 5.6% | Mar 2023 -14% | Jun 2023 5.8% | Sep 2023 25% | Dec 2023 8.6% | Mar 2024 -4.4% | Jun 2024 7.7% | Sep 2024 27% | Dec 2024 9.6% | Mar 2025 -6.4% | Jun 2025 7.7% | Sep 2025 22% | Dec 2025 8.0% | Mar 2026 -12% | Jun 2026 —
- YETI: Sep 2021 20% | Dec 2021 19% | Mar 2022 21% | Jun 2022 11% | Sep 2022 16% | Dec 2022 16% | Mar 2023 — | Jun 2023 5.0% | Sep 2023 13% | Dec 2023 19% | Mar 2024 7.6% | Jun 2024 15% | Sep 2024 15% | Dec 2024 15% | Mar 2025 6.2% | Jun 2025 14% | Sep 2025 11% | Dec 2025 — | Mar 2026 13% | Jun 2026 3.3%
- CALY: Sep 2021 8.9% | Dec 2021 -7.7% | Mar 2022 9.1% | Jun 2022 12% | Sep 2022 6.9% | Dec 2022 -4.1% | Mar 2023 6.9% | Jun 2023 9.8% | Sep 2023 7.1% | Dec 2023 -3.6% | Mar 2024 5.8% | Jun 2024 8.9% | Sep 2024 3.3% | Dec 2024 -6.6% | Mar 2025 16% | Jun 2025 9.5% | Sep 2025 3.0% | Dec 2025 -15% | Mar 2026 20% | Jun 2026 —
- PTON: Sep 2021 -45% | Dec 2021 -38% | Mar 2022 -76% | Jun 2022 -179% | Sep 2022 -61% | Dec 2022 -42% | Mar 2023 -36% | Jun 2023 -35% | Sep 2023 -22% | Dec 2023 -25% | Mar 2024 -20% | Jun 2024 -9.8% | Sep 2024 2.1% | Dec 2024 -6.8% | Mar 2025 -5.2% | Jun 2025 4.9% | Sep 2025 7.5% | Dec 2025 -2.2% | Mar 2026 8.3% | Jun 2026 —
- OSW: Sep 2021 -28% | Dec 2021 -4.7% | Mar 2022 -7.3% | Jun 2022 0.8% | Sep 2022 6.1% | Dec 2022 6.3% | Mar 2023 6.1% | Jun 2023 6.7% | Sep 2023 7.8% | Dec 2023 6.5% | Mar 2024 8.0% | Jun 2024 8.4% | Sep 2024 10% | Dec 2024 7.9% | Mar 2025 7.7% | Jun 2025 9.2% | Sep 2025 10% | Dec 2025 6.8% | Mar 2026 9.2% | Jun 2026 —
- PRKS: Sep 2021 38% | Dec 2021 23% | Mar 2022 3.7% | Jun 2022 35% | Sep 2022 39% | Dec 2022 26% | Mar 2023 4.0% | Jun 2023 31% | Sep 2023 37% | Dec 2023 23% | Mar 2024 7.4% | Jun 2024 33% | Sep 2024 37% | Dec 2024 20% | Mar 2025 5.9% | Jun 2025 29% | Sep 2025 30% | Dec 2025 15% | Mar 2026 -3.1% | Jun 2026 —
- FUN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -145% | Jun 2023 19% | Sep 2023 36% | Dec 2023 7.8% | Mar 2024 -124% | Jun 2024 22% | Sep 2024 20% | Dec 2024 7.4% | Mar 2025 -159% | Jun 2025 8.0% | Sep 2025 -84% | Dec 2025 -3.8% | Mar 2026 -138% | Jun 2026 —
- LUCK: Sep 2021 18% | Dec 2021 -16% | Mar 2022 27% | Jun 2022 — | Sep 2022 17% | Dec 2022 14% | Mar 2023 22% | Jun 2023 28% | Sep 2023 8.1% | Dec 2023 2.4% | Mar 2024 21% | Jun 2024 -12% | Sep 2024 5.0% | Dec 2024 16% | Mar 2025 18% | Jun 2025 5.0% | Sep 2025 9.7% | Dec 2025 11% | Mar 2026 19% | Jun 2026 —
- TRON: Sep 2021 — | Dec 2021 -13% | Mar 2022 — | Jun 2022 — | Sep 2022 16% | Dec 2022 51% | Mar 2023 -1.5% | Jun 2023 11% | Sep 2023 -132% | Dec 2023 -94% | Mar 2024 -170% | Jun 2024 -35% | Sep 2024 -129% | Dec 2024 -104% | Mar 2025 -59% | Jun 2025 -55% | Sep 2025 -60% | Dec 2025 -39% | Mar 2026 -50% | Jun 2026 —
- JOUT: Sep 2021 18% | Dec 2021 8.2% | Mar 2022 — | Jun 2022 8.1% | Sep 2022 12% | Dec 2022 3.1% | Mar 2023 5.6% | Jun 2023 9.3% | Sep 2023 -23% | Dec 2023 0.0% | Mar 2024 -0.1% | Jun 2024 -0.3% | Sep 2024 -40% | Dec 2024 -19% | Mar 2025 2.9% | Jun 2025 4.1% | Sep 2025 — | Dec 2025 -6.0% | Mar 2026 -2.1% | Jun 2026 5.3%
- XPOF: Sep 2021 -8.0% | Dec 2021 -55% | Mar 2022 -29% | Jun 2022 61% | Sep 2022 -16% | Dec 2022 6.0% | Mar 2023 -10% | Jun 2023 47% | Sep 2023 9.3% | Dec 2023 3.3% | Mar 2024 10% | Jun 2024 -4.0% | Sep 2024 -8.2% | Dec 2024 -62% | Mar 2025 13% | Jun 2025 20% | Sep 2025 4.5% | Dec 2025 -9.9% | Mar 2026 22% | Jun 2026 —
- FNKO: Sep 2021 9.8% | Dec 2021 7.5% | Mar 2022 6.4% | Jun 2022 2.8% | Sep 2022 4.8% | Dec 2022 -17% | Mar 2023 -26% | Jun 2023 -13% | Sep 2023 -1.7% | Dec 2023 -1.2% | Mar 2024 -6.9% | Jun 2024 4.3% | Sep 2024 4.0% | Dec 2024 1.8% | Mar 2025 -12% | Jun 2025 -18% | Sep 2025 2.6% | Dec 2025 2.2% | Mar 2026 -4.8% | Jun 2026 —
- ESCA: Sep 2021 11% | Dec 2021 9.4% | Mar 2022 13% | Jun 2022 — | Sep 2022 8.7% | Dec 2022 5.6% | Mar 2023 0.3% | Jun 2023 9.2% | Sep 2023 8.8% | Dec 2023 7.6% | Mar 2024 5.3% | Jun 2024 7.1% | Sep 2024 12% | Dec 2024 7.1% | Mar 2025 6.6% | Jun 2025 4.8% | Sep 2025 11% | Dec 2025 8.2% | Mar 2026 11% | Jun 2026 —
- JAKK: Sep 2021 16% | Dec 2021 1.6% | Mar 2022 -0.6% | Jun 2022 11% | Sep 2022 17% | Dec 2022 -12% | Mar 2023 -4.1% | Jun 2023 9.9% | Sep 2023 20% | Dec 2023 -12% | Mar 2024 -24% | Jun 2024 5.1% | Sep 2024 21% | Dec 2024 -11% | Mar 2025 -3.3% | Jun 2025 -2.3% | Sep 2025 14% | Dec 2025 -6.8% | Mar 2026 -5.2% | Jun 2026 —
- AOUT: Sep 2021 6.9% | Dec 2021 7.5% | Mar 2022 6.7% | Jun 2022 -154% | Sep 2022 -13% | Dec 2022 -0.2% | Mar 2023 -5.9% | Jun 2023 -9.5% | Sep 2023 -9.4% | Dec 2023 0.0% | Mar 2024 -5.4% | Jun 2024 -12% | Sep 2024 -6.2% | Dec 2024 5.1% | Mar 2025 0.5% | Jun 2025 -1.5% | Sep 2025 -23% | Dec 2025 3.7% | Mar 2026 -6.9% | Jun 2026 -0.8%
- PLBY: Sep 2021 -9.4% | Dec 2021 -58% | Mar 2022 9.9% | Jun 2022 -12% | Sep 2022 -623% | Dec 2022 -26% | Mar 2023 -80% | Jun 2023 -436% | Sep 2023 -9.8% | Dec 2023 -96% | Mar 2024 -32% | Jun 2024 -37% | Sep 2024 -96% | Dec 2024 -13% | Mar 2025 -22% | Jun 2025 -21% | Sep 2025 4.7% | Dec 2025 7.9% | Mar 2026 -5.4% | Jun 2026 —
- CLAR: Sep 2021 -0.3% | Dec 2021 7.7% | Mar 2022 7.2% | Jun 2022 6.8% | Sep 2022 5.3% | Dec 2022 -128% | Mar 2023 -3.5% | Jun 2023 -9.4% | Sep 2023 -3.9% | Dec 2023 -13% | Mar 2024 -9.8% | Jun 2024 -14% | Sep 2024 -8.0% | Dec 2024 -70% | Mar 2025 -11% | Jun 2025 -20% | Sep 2025 -4.4% | Dec 2025 -60% | Mar 2026 -9.8% | Jun 2026 —

### 20-quarter Margin change history
- AS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 +6.3 pp | Jun 2023 +2.5 pp | Sep 2023 +0.8 pp | Dec 2023 +9.3 pp | Mar 2024 −3.3 pp | Jun 2024 −1.7 pp | Sep 2024 +4.0 pp | Dec 2024 +7.3 pp | Mar 2025 +5.4 pp | Jun 2025 +4.3 pp | Sep 2025 −0.8 pp | Dec 2025 −0.9 pp | Mar 2026 +2.0 pp | Jun 2026 —
- HAS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +10.6 pp | Sep 2022 −7.1 pp | Dec 2022 −16.0 pp | Mar 2023 — | Jun 2023 −14.6 pp | Sep 2023 −27.2 pp | Dec 2023 −3.8 pp | Mar 2024 — | Jun 2024 +19.5 pp | Sep 2024 +39.2 pp | Dec 2024 +16.7 pp | Mar 2025 +3.9 pp | Jun 2025 −102.7 pp | Sep 2025 +1.0 pp | Dec 2025 +15.2 pp | Mar 2026 +7.8 pp | Jun 2026 —
- LTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +22.2 pp | Sep 2022 +15.8 pp | Dec 2022 +103.3 pp | Mar 2023 +16.0 pp | Jun 2023 +4.8 pp | Sep 2023 −3.2 pp | Dec 2023 +1.0 pp | Mar 2024 −1.1 pp | Jun 2024 +6.4 pp | Sep 2024 +5.5 pp | Dec 2024 +2.6 pp | Mar 2025 +3.1 pp | Jun 2025 −1.5 pp | Sep 2025 +3.8 pp | Dec 2025 +4.3 pp | Mar 2026 +1.9 pp | Jun 2026 —
- GOLF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −4.1 pp | Sep 2022 +3.5 pp | Dec 2022 +7.8 pp | Mar 2023 +0.8 pp | Jun 2023 +2.0 pp | Sep 2023 −0.4 pp | Dec 2023 −8.6 pp | Mar 2024 −1.0 pp | Jun 2024 +0.1 pp | Sep 2024 0.0 pp | Dec 2024 +4.8 pp | Mar 2025 −0.9 pp | Jun 2025 −0.3 pp | Sep 2025 +0.9 pp | Dec 2025 −2.6 pp | Mar 2026 −0.3 pp | Jun 2026 —
- PLNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −4.8 pp | Sep 2022 −3.6 pp | Dec 2022 +7.0 pp | Mar 2023 −2.6 pp | Jun 2023 +2.4 pp | Sep 2023 +0.8 pp | Dec 2023 +2.1 pp | Mar 2024 +3.0 pp | Jun 2024 +2.1 pp | Sep 2024 +1.7 pp | Dec 2024 +1.4 pp | Mar 2025 +2.1 pp | Jun 2025 +1.0 pp | Sep 2025 +4.6 pp | Dec 2025 +1.8 pp | Mar 2026 +0.7 pp | Jun 2026 —
- MAT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +5.3 pp | Sep 2022 +0.2 pp | Dec 2022 −8.7 pp | Mar 2023 −21.8 pp | Jun 2023 −4.3 pp | Sep 2023 +2.4 pp | Dec 2023 +3.0 pp | Mar 2024 +9.7 pp | Jun 2024 +1.9 pp | Sep 2024 +1.8 pp | Dec 2024 +1.0 pp | Mar 2025 −2.0 pp | Jun 2025 0.0 pp | Sep 2025 −4.6 pp | Dec 2025 −1.6 pp | Mar 2026 −5.5 pp | Jun 2026 —
- YETI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.9 pp | Dec 2022 −3.2 pp | Mar 2023 — | Jun 2023 −6.3 pp | Sep 2023 −3.8 pp | Dec 2023 +3.1 pp | Mar 2024 — | Jun 2024 +9.5 pp | Sep 2024 +2.1 pp | Dec 2024 −3.8 pp | Mar 2025 −1.4 pp | Jun 2025 −0.6 pp | Sep 2025 −3.5 pp | Dec 2025 — | Mar 2026 +6.7 pp | Jun 2026 −10.6 pp
- CALY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −0.1 pp | Sep 2022 −2.0 pp | Dec 2022 +3.6 pp | Mar 2023 −2.2 pp | Jun 2023 −1.8 pp | Sep 2023 +0.2 pp | Dec 2023 +0.5 pp | Mar 2024 −1.1 pp | Jun 2024 −0.9 pp | Sep 2024 −3.8 pp | Dec 2024 −3.0 pp | Mar 2025 +10.6 pp | Jun 2025 +0.6 pp | Sep 2025 −0.3 pp | Dec 2025 −8.1 pp | Mar 2026 +3.7 pp | Jun 2026 —
- PTON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −146.5 pp | Sep 2022 −16.0 pp | Dec 2022 −4.3 pp | Mar 2023 +40.8 pp | Jun 2023 +143.5 pp | Sep 2023 +38.5 pp | Dec 2023 +16.6 pp | Mar 2024 +15.1 pp | Jun 2024 +25.4 pp | Sep 2024 +24.3 pp | Dec 2024 +18.4 pp | Mar 2025 +15.2 pp | Jun 2025 +14.7 pp | Sep 2025 +5.4 pp | Dec 2025 +4.6 pp | Mar 2026 +13.5 pp | Jun 2026 —
- OSW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +186.1 pp | Sep 2022 +34.0 pp | Dec 2022 +11.0 pp | Mar 2023 +13.4 pp | Jun 2023 +5.9 pp | Sep 2023 +1.7 pp | Dec 2023 +0.2 pp | Mar 2024 +1.9 pp | Jun 2024 +1.7 pp | Sep 2024 +2.5 pp | Dec 2024 +1.4 pp | Mar 2025 −0.3 pp | Jun 2025 +0.8 pp | Sep 2025 −0.1 pp | Dec 2025 −1.1 pp | Mar 2026 +1.5 pp | Jun 2026 —
- PRKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −2.8 pp | Sep 2022 +0.5 pp | Dec 2022 +3.1 pp | Mar 2023 +0.3 pp | Jun 2023 −4.0 pp | Sep 2023 −1.4 pp | Dec 2023 −3.1 pp | Mar 2024 +3.4 pp | Jun 2024 +1.7 pp | Sep 2024 −0.3 pp | Dec 2024 −3.3 pp | Mar 2025 −1.5 pp | Jun 2025 −4.3 pp | Sep 2025 −7.2 pp | Dec 2025 −4.6 pp | Mar 2026 −9.0 pp | Jun 2026 —
- FUN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 +21.1 pp | Jun 2024 +2.9 pp | Sep 2024 −16.9 pp | Dec 2024 −0.4 pp | Mar 2025 −34.6 pp | Jun 2025 −13.6 pp | Sep 2025 −103.2 pp | Dec 2025 −11.2 pp | Mar 2026 +20.5 pp | Jun 2026 —
- LUCK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 +29.5 pp | Mar 2023 −5.3 pp | Jun 2023 — | Sep 2023 −9.2 pp | Dec 2023 −11.2 pp | Mar 2024 −1.1 pp | Jun 2024 −40.5 pp | Sep 2024 −3.1 pp | Dec 2024 +13.2 pp | Mar 2025 −2.7 pp | Jun 2025 +17.1 pp | Sep 2025 +4.7 pp | Dec 2025 −4.7 pp | Mar 2026 +0.9 pp | Jun 2026 —
- TRON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +63.6 pp | Mar 2023 — | Jun 2023 — | Sep 2023 −147.9 pp | Dec 2023 −145.1 pp | Mar 2024 −168.9 pp | Jun 2024 −45.6 pp | Sep 2024 +2.7 pp | Dec 2024 −10.1 pp | Mar 2025 +111.0 pp | Jun 2025 −20.5 pp | Sep 2025 +69.7 pp | Dec 2025 +65.4 pp | Mar 2026 +9.0 pp | Jun 2026 —
- JOUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −6.1 pp | Dec 2022 −5.1 pp | Mar 2023 — | Jun 2023 +1.2 pp | Sep 2023 −35.1 pp | Dec 2023 −3.1 pp | Mar 2024 −5.7 pp | Jun 2024 −9.6 pp | Sep 2024 −17.0 pp | Dec 2024 −18.8 pp | Mar 2025 +3.0 pp | Jun 2025 +4.4 pp | Sep 2025 — | Dec 2025 +12.8 pp | Mar 2026 −5.0 pp | Jun 2026 +1.2 pp
- XPOF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +61.8 pp | Sep 2022 −8.4 pp | Dec 2022 +60.5 pp | Mar 2023 +19.1 pp | Jun 2023 −13.6 pp | Sep 2023 +25.7 pp | Dec 2023 −2.7 pp | Mar 2024 +20.2 pp | Jun 2024 −51.1 pp | Sep 2024 −17.5 pp | Dec 2024 −65.7 pp | Mar 2025 +2.6 pp | Jun 2025 +23.5 pp | Sep 2025 +12.7 pp | Dec 2025 +52.5 pp | Mar 2026 +8.9 pp | Jun 2026 —
- FNKO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −8.8 pp | Sep 2022 −5.0 pp | Dec 2022 −24.9 pp | Mar 2023 −32.0 pp | Jun 2023 −15.5 pp | Sep 2023 −6.5 pp | Dec 2023 +16.2 pp | Mar 2024 +18.7 pp | Jun 2024 +17.0 pp | Sep 2024 +5.7 pp | Dec 2024 +3.0 pp | Mar 2025 −5.3 pp | Jun 2025 −22.3 pp | Sep 2025 −1.4 pp | Dec 2025 +0.4 pp | Mar 2026 +7.4 pp | Jun 2026 —
- ESCA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.0 pp | Dec 2022 −3.8 pp | Mar 2023 −12.2 pp | Jun 2023 — | Sep 2023 +0.1 pp | Dec 2023 +2.0 pp | Mar 2024 +5.0 pp | Jun 2024 −2.1 pp | Sep 2024 +3.0 pp | Dec 2024 −0.5 pp | Mar 2025 +1.3 pp | Jun 2025 −2.3 pp | Sep 2025 −1.0 pp | Dec 2025 +1.1 pp | Mar 2026 +3.9 pp | Jun 2026 —
- JAKK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +9.1 pp | Sep 2022 +1.1 pp | Dec 2022 −13.5 pp | Mar 2023 −3.5 pp | Jun 2023 −0.8 pp | Sep 2023 +3.5 pp | Dec 2023 −0.1 pp | Mar 2024 −19.6 pp | Jun 2024 −4.8 pp | Sep 2024 +1.1 pp | Dec 2024 +0.7 pp | Mar 2025 +20.4 pp | Jun 2025 −7.4 pp | Sep 2025 −7.3 pp | Dec 2025 +4.5 pp | Mar 2026 −1.9 pp | Jun 2026 —
- AOUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −19.6 pp | Dec 2022 −7.7 pp | Mar 2023 −12.6 pp | Jun 2023 +144.7 pp | Sep 2023 +3.3 pp | Dec 2023 +0.2 pp | Mar 2024 +0.5 pp | Jun 2024 −2.4 pp | Sep 2024 +3.2 pp | Dec 2024 +5.1 pp | Mar 2025 +5.9 pp | Jun 2025 +10.4 pp | Sep 2025 −16.8 pp | Dec 2025 −1.4 pp | Mar 2026 −7.4 pp | Jun 2026 +0.7 pp
- PLBY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −4.7 pp | Sep 2022 −613.3 pp | Dec 2022 +31.7 pp | Mar 2023 −89.4 pp | Jun 2023 −424.4 pp | Sep 2023 +612.9 pp | Dec 2023 −70.2 pp | Mar 2024 +48.0 pp | Jun 2024 +399.0 pp | Sep 2024 −86.2 pp | Dec 2024 +83.1 pp | Mar 2025 +9.8 pp | Jun 2025 +16.1 pp | Sep 2025 +100.7 pp | Dec 2025 +21.2 pp | Mar 2026 +16.3 pp | Jun 2026 —
- CLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −2.3 pp | Sep 2022 +5.6 pp | Dec 2022 −136.1 pp | Mar 2023 −10.7 pp | Jun 2023 −16.2 pp | Sep 2023 −9.2 pp | Dec 2023 +115.3 pp | Mar 2024 −6.3 pp | Jun 2024 −5.0 pp | Sep 2024 −4.1 pp | Dec 2024 −57.1 pp | Mar 2025 −1.4 pp | Jun 2025 −5.3 pp | Sep 2025 +3.6 pp | Dec 2025 +10.7 pp | Mar 2026 +1.4 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: Mattel, Inc. leads with $476 million of TTM profit, 0.8% above Amer Sports, Inc.. Amer Sports, Inc. shows ≥100% on the scoring scale (125.8% uncapped) growth from a $472 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Mattel, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Mattel, Inc. · $476 million | 0.8% versus #2 · Amer Sports, Inc. | 3/8 recent comparable periods | 17/22 companies · 403 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Mattel, Inc. (MAT): ₹476 Cr
2. Amer Sports, Inc. (AS): ₹472 Cr
3. Planet Fitness, Inc. (PLNT): ₹230 Cr
4. Acushnet Holdings Corp. (GOLF): ₹169 Cr
5. United Parks & Resorts Inc. (PRKS): ₹150 Cr

### Profit growth — fastest growers
1. Amer Sports, Inc. (AS): 100%
2. Planet Fitness, Inc. (PLNT): 27%
3. Escalade, Incorporated (ESCA): 6.7%
4. Acushnet Holdings Corp. (GOLF): -22%
5. Callaway Golf Company (CALY): -89%

### 20-quarter Net profit history
- AS: Sep 2021 — | Dec 2021 — | Mar 2022 ₹-19 Cr | Jun 2022 ₹-62 Cr | Sep 2022 ₹-2 Cr | Dec 2022 ₹-148 Cr | Mar 2023 ₹19 Cr | Jun 2023 ₹-97 Cr | Sep 2023 ₹-36 Cr | Dec 2023 ₹-95 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹-2 Cr | Sep 2024 ₹56 Cr | Dec 2024 ₹17 Cr | Mar 2025 ₹138 Cr | Jun 2025 ₹22 Cr | Sep 2025 ₹146 Cr | Dec 2025 ₹134 Cr | Mar 2026 ₹170 Cr | Jun 2026 —
- HAS: Sep 2021 ₹255 Cr | Dec 2021 ₹85 Cr | Mar 2022 ₹63 Cr | Jun 2022 ₹141 Cr | Sep 2022 ₹128 Cr | Dec 2022 ₹-129 Cr | Mar 2023 — | Jun 2023 ₹-22 Cr | Sep 2023 ₹-235 Cr | Dec 2023 ₹-170 Cr | Mar 2024 ₹59 Cr | Jun 2024 ₹139 Cr | Sep 2024 ₹223 Cr | Dec 2024 ₹-27 Cr | Mar 2025 ₹100 Cr | Jun 2025 ₹-855 Cr | Sep 2025 ₹234 Cr | Dec 2025 ₹203 Cr | Mar 2026 ₹200 Cr | Jun 2026 —
- LTH: Sep 2021 ₹-45 Cr | Dec 2021 ₹-305 Cr | Mar 2022 ₹-38 Cr | Jun 2022 ₹-2 Cr | Sep 2022 ₹25 Cr | Dec 2022 ₹14 Cr | Mar 2023 ₹27 Cr | Jun 2023 ₹17 Cr | Sep 2023 ₹8 Cr | Dec 2023 ₹24 Cr | Mar 2024 ₹25 Cr | Jun 2024 ₹53 Cr | Sep 2024 ₹41 Cr | Dec 2024 ₹37 Cr | Mar 2025 ₹76 Cr | Jun 2025 ₹72 Cr | Sep 2025 ₹102 Cr | Dec 2025 ₹123 Cr | Mar 2026 ₹88 Cr | Jun 2026 —
- GOLF: Sep 2021 ₹40 Cr | Dec 2021 ₹-25 Cr | Mar 2022 ₹82 Cr | Jun 2022 ₹68 Cr | Sep 2022 ₹53 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹94 Cr | Jun 2023 ₹74 Cr | Sep 2023 ₹57 Cr | Dec 2023 ₹-26 Cr | Mar 2024 ₹85 Cr | Jun 2024 ₹70 Cr | Sep 2024 ₹55 Cr | Dec 2024 ₹-8 Cr | Mar 2025 ₹99 Cr | Jun 2025 ₹75 Cr | Sep 2025 ₹48 Cr | Dec 2025 ₹-35 Cr | Mar 2026 ₹81 Cr | Jun 2026 —
- PLNT: Sep 2021 ₹19 Cr | Dec 2021 ₹6 Cr | Mar 2022 ₹18 Cr | Jun 2022 ₹25 Cr | Sep 2022 ₹31 Cr | Dec 2022 ₹36 Cr | Mar 2023 ₹25 Cr | Jun 2023 ₹44 Cr | Sep 2023 ₹41 Cr | Dec 2023 ₹37 Cr | Mar 2024 ₹35 Cr | Jun 2024 ₹49 Cr | Sep 2024 ₹42 Cr | Dec 2024 ₹48 Cr | Mar 2025 ₹42 Cr | Jun 2025 ₹58 Cr | Sep 2025 ₹59 Cr | Dec 2025 ₹61 Cr | Mar 2026 ₹52 Cr | Jun 2026 —
- MAT: Sep 2021 ₹791 Cr | Dec 2021 ₹225 Cr | Mar 2022 ₹15 Cr | Jun 2022 ₹60 Cr | Sep 2022 ₹284 Cr | Dec 2022 ₹9 Cr | Mar 2023 ₹-111 Cr | Jun 2023 ₹24 Cr | Sep 2023 ₹141 Cr | Dec 2023 ₹142 Cr | Mar 2024 ₹-33 Cr | Jun 2024 ₹50 Cr | Sep 2024 ₹365 Cr | Dec 2024 ₹134 Cr | Mar 2025 ₹-49 Cr | Jun 2025 ₹47 Cr | Sep 2025 ₹272 Cr | Dec 2025 ₹100 Cr | Mar 2026 ₹57 Cr | Jun 2026 —
- YETI: Sep 2021 ₹56 Cr | Dec 2021 ₹53 Cr | Mar 2022 ₹73 Cr | Jun 2022 ₹26 Cr | Sep 2022 ₹46 Cr | Dec 2022 ₹46 Cr | Mar 2023 — | Jun 2023 ₹11 Cr | Sep 2023 ₹38 Cr | Dec 2023 ₹79 Cr | Mar 2024 ₹16 Cr | Jun 2024 ₹50 Cr | Sep 2024 ₹56 Cr | Dec 2024 ₹53 Cr | Mar 2025 ₹17 Cr | Jun 2025 ₹51 Cr | Sep 2025 ₹39 Cr | Dec 2025 — | Mar 2026 ₹58 Cr | Jun 2026 ₹10 Cr
- CALY: Sep 2021 ₹50 Cr | Dec 2021 ₹-96 Cr | Mar 2022 ₹87 Cr | Jun 2022 ₹108 Cr | Sep 2022 ₹39 Cr | Dec 2022 ₹-76 Cr | Mar 2023 ₹21 Cr | Jun 2023 ₹117 Cr | Sep 2023 ₹30 Cr | Dec 2023 ₹77 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹52 Cr | Sep 2024 ₹-23 Cr | Dec 2024 ₹94 Cr | Mar 2025 ₹63 Cr | Jun 2025 ₹34 Cr | Sep 2025 ₹-22 Cr | Dec 2025 ₹-66 Cr | Mar 2026 ₹75 Cr | Jun 2026 —
- PTON: Sep 2021 ₹-376 Cr | Dec 2021 ₹-439 Cr | Mar 2022 ₹-757 Cr | Jun 2022 ₹-1.3K Cr | Sep 2022 ₹-409 Cr | Dec 2022 ₹-335 Cr | Mar 2023 ₹-276 Cr | Jun 2023 ₹-242 Cr | Sep 2023 ₹-159 Cr | Dec 2023 ₹-195 Cr | Mar 2024 ₹-167 Cr | Jun 2024 ₹-31 Cr | Sep 2024 ₹-1 Cr | Dec 2024 ₹-92 Cr | Mar 2025 ₹-48 Cr | Jun 2025 ₹22 Cr | Sep 2025 ₹14 Cr | Dec 2025 ₹-39 Cr | Mar 2026 ₹26 Cr | Jun 2026 —
- OSW: Sep 2021 ₹-12 Cr | Dec 2021 ₹-11 Cr | Mar 2022 ₹-6 Cr | Jun 2022 ₹56 Cr | Sep 2022 ₹6 Cr | Dec 2022 ₹-2 Cr | Mar 2023 ₹-16 Cr | Jun 2023 ₹-3 Cr | Sep 2023 ₹23 Cr | Dec 2023 ₹-7 Cr | Mar 2024 ₹21 Cr | Jun 2024 ₹16 Cr | Sep 2024 ₹22 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹15 Cr | Jun 2025 ₹20 Cr | Sep 2025 ₹24 Cr | Dec 2025 ₹12 Cr | Mar 2026 ₹21 Cr | Jun 2026 —
- PRKS: Sep 2021 ₹102 Cr | Dec 2021 ₹72 Cr | Mar 2022 ₹-9 Cr | Jun 2022 ₹117 Cr | Sep 2022 ₹135 Cr | Dec 2022 ₹49 Cr | Mar 2023 ₹-16 Cr | Jun 2023 ₹87 Cr | Sep 2023 ₹124 Cr | Dec 2023 ₹40 Cr | Mar 2024 ₹-11 Cr | Jun 2024 ₹91 Cr | Sep 2024 ₹120 Cr | Dec 2024 ₹28 Cr | Mar 2025 ₹-16 Cr | Jun 2025 ₹80 Cr | Sep 2025 ₹89 Cr | Dec 2025 ₹15 Cr | Mar 2026 ₹-34 Cr | Jun 2026 —
- FUN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹-135 Cr | Jun 2023 ₹54 Cr | Sep 2023 ₹215 Cr | Dec 2023 ₹-10 Cr | Mar 2024 ₹-133 Cr | Jun 2024 ₹56 Cr | Sep 2024 ₹135 Cr | Dec 2024 ₹-264 Cr | Mar 2025 ₹-220 Cr | Jun 2025 ₹-75 Cr | Sep 2025 ₹-1.2K Cr | Dec 2025 ₹-92 Cr | Mar 2026 ₹-269 Cr | Jun 2026 —
- LUCK: Sep 2021 ₹16 Cr | Dec 2021 ₹-34 Cr | Mar 2022 ₹-18 Cr | Jun 2022 — | Sep 2022 ₹18 Cr | Dec 2022 ₹-34 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹-32 Cr | Sep 2023 ₹146 Cr | Dec 2023 ₹18 Cr | Mar 2024 ₹24 Cr | Jun 2024 ₹-62 Cr | Sep 2024 ₹23 Cr | Dec 2024 ₹28 Cr | Mar 2025 ₹13 Cr | Jun 2025 ₹-75 Cr | Sep 2025 ₹-14 Cr | Dec 2025 ₹-13 Cr | Mar 2026 ₹17 Cr | Jun 2026 —
- TRON: Sep 2021 — | Dec 2021 ₹0 Cr | Mar 2022 — | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹-1 Cr | Dec 2023 ₹-1 Cr | Mar 2024 ₹-2 Cr | Jun 2024 ₹-1 Cr | Sep 2024 ₹-1 Cr | Dec 2024 ₹-1 Cr | Mar 2025 ₹-1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹12 Cr | Dec 2025 ₹-29 Cr | Mar 2026 ₹22 Cr | Jun 2026 —
- JOUT: Sep 2021 ₹29 Cr | Dec 2021 ₹7 Cr | Mar 2022 — | Jun 2022 ₹10 Cr | Sep 2022 ₹14 Cr | Dec 2022 ₹6 Cr | Mar 2023 ₹15 Cr | Jun 2023 ₹15 Cr | Sep 2023 ₹-16 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹-34 Cr | Dec 2024 ₹-15 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹8 Cr | Sep 2025 — | Dec 2025 ₹-29 Cr | Mar 2026 ₹-3 Cr | Jun 2026 ₹9 Cr
- XPOF: Sep 2021 ₹-9 Cr | Dec 2021 ₹-30 Cr | Mar 2022 ₹-15 Cr | Jun 2022 ₹31 Cr | Sep 2022 ₹-13 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹-15 Cr | Jun 2023 ₹28 Cr | Sep 2023 ₹-5 Cr | Dec 2023 ₹-9 Cr | Mar 2024 ₹-4 Cr | Jun 2024 ₹-14 Cr | Sep 2024 ₹-18 Cr | Dec 2024 ₹-62 Cr | Mar 2025 ₹-3 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹-7 Cr | Dec 2025 ₹-46 Cr | Mar 2026 ₹-1 Cr | Jun 2026 —
- FNKO: Sep 2021 ₹18 Cr | Dec 2021 ₹17 Cr | Mar 2022 ₹15 Cr | Jun 2022 ₹16 Cr | Sep 2022 ₹11 Cr | Dec 2022 ₹-47 Cr | Mar 2023 ₹-61 Cr | Jun 2023 ₹-76 Cr | Sep 2023 ₹-16 Cr | Dec 2023 ₹-11 Cr | Mar 2024 ₹-24 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹-1 Cr | Mar 2025 ₹-28 Cr | Jun 2025 ₹-41 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹-18 Cr | Jun 2026 —
- ESCA: Sep 2021 ₹8 Cr | Dec 2021 ₹6 Cr | Mar 2022 ₹7 Cr | Jun 2022 — | Sep 2022 ₹6 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹-1 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹6 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹2 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹4 Cr | Mar 2026 ₹4 Cr | Jun 2026 —
- JAKK: Sep 2021 ₹36 Cr | Dec 2021 ₹-3 Cr | Mar 2022 ₹-4 Cr | Jun 2022 ₹26 Cr | Sep 2022 ₹31 Cr | Dec 2022 ₹38 Cr | Mar 2023 ₹-5 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹48 Cr | Dec 2023 ₹-11 Cr | Mar 2024 ₹-14 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹52 Cr | Dec 2024 ₹-9 Cr | Mar 2025 ₹-2 Cr | Jun 2025 ₹-2 Cr | Sep 2025 ₹20 Cr | Dec 2025 ₹-5 Cr | Mar 2026 ₹-4 Cr | Jun 2026 —
- AOUT: Sep 2021 ₹3 Cr | Dec 2021 ₹5 Cr | Mar 2022 ₹4 Cr | Jun 2022 ₹-77 Cr | Sep 2022 ₹-6 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹-3 Cr | Jun 2023 ₹-4 Cr | Sep 2023 ₹-4 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹-3 Cr | Jun 2024 ₹-5 Cr | Sep 2024 ₹-2 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹-1 Cr | Sep 2025 ₹-7 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹-4 Cr | Jun 2026 ₹0 Cr
- PLBY: Sep 2021 ₹-8 Cr | Dec 2021 ₹-56 Cr | Mar 2022 ₹6 Cr | Jun 2022 ₹-16 Cr | Sep 2022 ₹-502 Cr | Dec 2022 ₹-20 Cr | Mar 2023 ₹-74 Cr | Jun 2023 ₹-264 Cr | Sep 2023 ₹-14 Cr | Dec 2023 ₹-92 Cr | Mar 2024 ₹-16 Cr | Jun 2024 ₹-17 Cr | Sep 2024 ₹-33 Cr | Dec 2024 ₹-12 Cr | Mar 2025 ₹-9 Cr | Jun 2025 ₹-8 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹-4 Cr | Jun 2026 —
- CLAR: Sep 2021 ₹5 Cr | Dec 2021 ₹14 Cr | Mar 2022 ₹5 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹-83 Cr | Mar 2023 ₹-2 Cr | Jun 2023 ₹-4 Cr | Sep 2023 ₹-2 Cr | Dec 2023 ₹-7 Cr | Mar 2024 ₹-6 Cr | Jun 2024 ₹-5 Cr | Sep 2024 ₹-3 Cr | Dec 2024 ₹-73 Cr | Mar 2025 ₹-5 Cr | Jun 2025 ₹-8 Cr | Sep 2025 ₹-2 Cr | Dec 2025 ₹-31 Cr | Mar 2026 ₹-3 Cr | Jun 2026 —

### 20-quarter Profit growth history
- AS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -63% | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 1,871% | Jun 2025 — | Sep 2025 161% | Dec 2025 688% | Mar 2026 23% | Jun 2026 —
- HAS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -50% | Dec 2022 -252% | Mar 2023 — | Jun 2023 -116% | Sep 2023 -284% | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 69% | Jun 2025 -715% | Sep 2025 4.9% | Dec 2025 — | Mar 2026 100% | Jun 2026 —
- LTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -68% | Dec 2023 71% | Mar 2024 -7.4% | Jun 2024 212% | Sep 2024 413% | Dec 2024 54% | Mar 2025 204% | Jun 2025 36% | Sep 2025 149% | Dec 2025 232% | Mar 2026 16% | Jun 2026 —
- GOLF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -18% | Sep 2022 33% | Dec 2022 — | Mar 2023 15% | Jun 2023 8.8% | Sep 2023 7.6% | Dec 2023 -1,400% | Mar 2024 -9.6% | Jun 2024 -5.4% | Sep 2024 -3.5% | Dec 2024 — | Mar 2025 16% | Jun 2025 7.1% | Sep 2025 -13% | Dec 2025 — | Mar 2026 -18% | Jun 2026 —
- PLNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 67% | Sep 2022 63% | Dec 2022 500% | Mar 2023 39% | Jun 2023 76% | Sep 2023 32% | Dec 2023 2.8% | Mar 2024 40% | Jun 2024 11% | Sep 2024 2.4% | Dec 2024 30% | Mar 2025 20% | Jun 2025 18% | Sep 2025 40% | Dec 2025 27% | Mar 2026 24% | Jun 2026 —
- MAT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -64% | Dec 2022 -96% | Mar 2023 -840% | Jun 2023 -60% | Sep 2023 -50% | Dec 2023 1,478% | Mar 2024 — | Jun 2024 108% | Sep 2024 159% | Dec 2024 -5.6% | Mar 2025 — | Jun 2025 -6.0% | Sep 2025 -25% | Dec 2025 -25% | Mar 2026 — | Jun 2026 —
- YETI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -18% | Dec 2022 -13% | Mar 2023 — | Jun 2023 -58% | Sep 2023 -17% | Dec 2023 72% | Mar 2024 — | Jun 2024 355% | Sep 2024 47% | Dec 2024 -33% | Mar 2025 6.3% | Jun 2025 2.0% | Sep 2025 -30% | Dec 2025 — | Mar 2026 241% | Jun 2026 -80%
- CALY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 42% | Sep 2022 -22% | Dec 2022 — | Mar 2023 -76% | Jun 2023 8.3% | Sep 2023 -23% | Dec 2023 — | Mar 2024 -43% | Jun 2024 -56% | Sep 2024 -177% | Dec 2024 22% | Mar 2025 425% | Jun 2025 -35% | Sep 2025 — | Dec 2025 -170% | Mar 2026 19% | Jun 2026 —
- OSW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 -105% | Sep 2023 283% | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 -4.4% | Dec 2024 — | Mar 2025 -29% | Jun 2025 25% | Sep 2025 9.1% | Dec 2025 -14% | Mar 2026 40% | Jun 2026 —
- PRKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -8.6% | Sep 2022 32% | Dec 2022 -32% | Mar 2023 — | Jun 2023 -26% | Sep 2023 -8.2% | Dec 2023 -18% | Mar 2024 — | Jun 2024 4.6% | Sep 2024 -3.2% | Dec 2024 -30% | Mar 2025 — | Jun 2025 -12% | Sep 2025 -26% | Dec 2025 -46% | Mar 2026 — | Jun 2026 —
- FUN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 3.7% | Sep 2024 -37% | Dec 2024 — | Mar 2025 — | Jun 2025 -234% | Sep 2025 -961% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- LUCK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 13% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 711% | Dec 2023 — | Mar 2024 2,300% | Jun 2024 — | Sep 2024 -84% | Dec 2024 56% | Mar 2025 -46% | Jun 2025 — | Sep 2025 -161% | Dec 2025 -146% | Mar 2026 31% | Jun 2026 —
- JOUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -52% | Dec 2022 -14% | Mar 2023 — | Jun 2023 50% | Sep 2023 -214% | Dec 2023 -33% | Mar 2024 -87% | Jun 2024 -87% | Sep 2024 — | Dec 2024 -475% | Mar 2025 0.0% | Jun 2025 300% | Sep 2025 — | Dec 2025 — | Mar 2026 -250% | Jun 2026 13%
- XPOF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 -9.7% | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 -150% | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- FNKO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -24% | Sep 2022 -39% | Dec 2022 -376% | Mar 2023 -507% | Jun 2023 -575% | Sep 2023 -245% | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 -920% | Sep 2025 -80% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- ESCA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -25% | Dec 2022 -50% | Mar 2023 -114% | Jun 2023 — | Sep 2023 -33% | Dec 2023 0.0% | Mar 2024 — | Jun 2024 -25% | Sep 2024 50% | Dec 2024 0.0% | Mar 2025 50% | Jun 2025 -33% | Sep 2025 0.0% | Dec 2025 33% | Mar 2026 33% | Jun 2026 —
- JAKK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -14% | Dec 2022 — | Mar 2023 — | Jun 2023 -77% | Sep 2023 55% | Dec 2023 -129% | Mar 2024 — | Jun 2024 -17% | Sep 2024 8.3% | Dec 2024 — | Mar 2025 — | Jun 2025 -140% | Sep 2025 -62% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- AOUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -300% | Dec 2022 -100% | Mar 2023 -175% | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 -33% | Mar 2026 — | Jun 2026 —
- PLBY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -1,333% | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- CLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 100% | Sep 2022 -40% | Dec 2022 -693% | Mar 2023 -140% | Jun 2023 -200% | Sep 2023 -167% | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

## Return On Capital Employed

What the numbers say: Hasbro, Inc. leads ROCE at 6.1%, 0.1 percentage points above Acushnet Holdings Corp.. Hasbro, Inc. has the strongest latest improvement at +23.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Hasbro, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Hasbro, Inc. · 6.1% | 1.7% versus #2 · Acushnet Holdings Corp. | 7/8 recent comparable periods | 22/22 companies · 401 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Hasbro, Inc. (HAS): 6.1%
2. Acushnet Holdings Corp. (GOLF): 6.0%
3. Xponential Fitness, Inc. (XPOF): 5.1%
4. Amer Sports, Inc. (AS): 4.3%
5. Peloton Interactive, Inc. (PTON): 3.9%

### ROCE change — fastest improvers
1. Hasbro, Inc. (HAS): +23.9 pp
2. Tron Inc. (TRON): +14.9 pp
3. Peloton Interactive, Inc. (PTON): +6.1 pp
4. Funko, Inc. (FNKO): +3.5 pp
5. Xponential Fitness, Inc. (XPOF): +2.4 pp

### 20-quarter ROCE history
- AS: Sep 2021 0.0% | Dec 2021 0.0% | Mar 2022 — | Jun 2022 — | Sep 2022 1.0% | Dec 2022 -0.9% | Mar 2023 — | Jun 2023 — | Sep 2023 1.6% | Dec 2023 0.9% | Mar 2024 3.1% | Jun 2024 -0.2% | Sep 2024 2.5% | Dec 2024 2.9% | Mar 2025 3.0% | Jun 2025 0.6% | Sep 2025 2.9% | Dec 2025 3.1% | Mar 2026 4.3% | Jun 2026 —
- HAS: Sep 2021 4.6% | Dec 2021 2.1% | Mar 2022 1.5% | Jun 2022 2.8% | Sep 2022 2.6% | Dec 2022 -1.7% | Mar 2023 — | Jun 2023 0.2% | Sep 2023 -2.7% | Dec 2023 -2.5% | Mar 2024 2.0% | Jun 2024 3.6% | Sep 2024 5.3% | Dec 2024 1.3% | Mar 2025 3.7% | Jun 2025 -18% | Sep 2025 7.3% | Dec 2025 6.9% | Mar 2026 5.9% | Jun 2026 6.1%
- LTH: Sep 2021 -0.3% | Dec 2021 -5.9% | Mar 2022 -0.2% | Jun 2022 0.4% | Sep 2022 0.9% | Dec 2022 0.7% | Mar 2023 1.1% | Jun 2023 0.8% | Sep 2023 0.7% | Dec 2023 0.9% | Mar 2024 1.1% | Jun 2024 1.6% | Sep 2024 1.4% | Dec 2024 1.3% | Mar 2025 1.6% | Jun 2025 1.6% | Sep 2025 1.9% | Dec 2025 1.8% | Mar 2026 1.9% | Jun 2026 2.0%
- GOLF: Sep 2021 3.4% | Dec 2021 -1.4% | Mar 2022 6.8% | Jun 2022 5.5% | Sep 2022 4.7% | Dec 2022 0.7% | Mar 2023 7.1% | Jun 2023 6.2% | Sep 2023 5.3% | Dec 2023 -1.5% | Mar 2024 6.2% | Jun 2024 5.8% | Sep 2024 5.3% | Dec 2024 -0.3% | Mar 2025 6.1% | Jun 2025 6.0% | Sep 2025 5.1% | Dec 2025 -1.0% | Mar 2026 6.0% | Jun 2026 —
- PLNT: Sep 2021 2.6% | Dec 2021 1.6% | Mar 2022 2.2% | Jun 2022 2.5% | Sep 2022 2.8% | Dec 2022 2.9% | Mar 2023 2.0% | Jun 2023 3.0% | Sep 2023 2.8% | Dec 2023 2.7% | Mar 2024 2.4% | Jun 2024 3.3% | Sep 2024 3.0% | Dec 2024 3.3% | Mar 2025 2.9% | Jun 2025 3.7% | Sep 2025 3.9% | Dec 2025 3.8% | Mar 2026 3.5% | Jun 2026 —
- MAT: Sep 2021 9.1% | Dec 2021 5.7% | Mar 2022 1.9% | Jun 2022 2.8% | Sep 2022 8.3% | Dec 2022 1.6% | Mar 2023 -2.4% | Jun 2023 1.3% | Sep 2023 9.6% | Dec 2023 2.8% | Mar 2024 -0.7% | Jun 2024 1.7% | Sep 2024 9.6% | Dec 2024 3.1% | Mar 2025 -1.1% | Jun 2025 1.7% | Sep 2025 7.7% | Dec 2025 2.7% | Mar 2026 -2.0% | Jun 2026 —
- YETI: Sep 2021 — | Dec 2021 12% | Mar 2022 16% | Jun 2022 6.1% | Sep 2022 11% | Dec 2022 10% | Mar 2023 — | Jun 2023 2.3% | Sep 2023 7.2% | Dec 2023 13% | Mar 2024 3.4% | Jun 2024 8.3% | Sep 2024 8.0% | Dec 2024 9.1% | Mar 2025 2.5% | Jun 2025 6.7% | Sep 2025 5.8% | Dec 2025 — | Mar 2026 8.4% | Jun 2026 1.3%
- CALY: Sep 2021 1.9% | Dec 2021 -1.3% | Mar 2022 1.4% | Jun 2022 1.9% | Sep 2022 1.0% | Dec 2022 -0.5% | Mar 2023 1.1% | Jun 2023 1.5% | Sep 2023 1.0% | Dec 2023 -0.4% | Mar 2024 0.8% | Jun 2024 1.3% | Sep 2024 0.4% | Dec 2024 -0.3% | Mar 2025 1.4% | Jun 2025 1.4% | Sep 2025 0.4% | Dec 2025 -1.1% | Mar 2026 3.0% | Jun 2026 —
- PTON: Sep 2021 -13% | Dec 2021 -13% | Mar 2022 -22% | Jun 2022 -39% | Sep 2022 -13% | Dec 2022 -10% | Mar 2023 -9.5% | Jun 2023 -9.2% | Sep 2023 -5.8% | Dec 2023 -9.0% | Mar 2024 -7.6% | Jun 2024 -3.6% | Sep 2024 0.7% | Dec 2024 -2.8% | Mar 2025 -2.2% | Jun 2025 2.1% | Sep 2025 2.9% | Dec 2025 -1.0% | Mar 2026 3.9% | Jun 2026 —
- OSW: Sep 2021 -1.8% | Dec 2021 -0.6% | Mar 2022 -1.0% | Jun 2022 0.2% | Sep 2022 1.5% | Dec 2022 1.7% | Mar 2023 1.7% | Jun 2023 2.1% | Sep 2023 2.7% | Dec 2023 2.0% | Mar 2024 2.6% | Jun 2024 2.9% | Sep 2024 3.9% | Dec 2024 2.7% | Mar 2025 2.6% | Jun 2025 3.3% | Sep 2025 4.0% | Dec 2025 2.5% | Mar 2026 3.6% | Jun 2026 3.7%
- PRKS: Sep 2021 8.6% | Dec 2021 3.8% | Mar 2022 0.5% | Jun 2022 8.5% | Sep 2022 10% | Dec 2022 4.9% | Mar 2023 0.6% | Jun 2023 8.0% | Sep 2023 9.9% | Dec 2023 4.3% | Mar 2024 1.1% | Jun 2024 7.8% | Sep 2024 9.2% | Dec 2024 3.5% | Mar 2025 0.8% | Jun 2025 6.3% | Sep 2025 6.7% | Dec 2025 2.6% | Mar 2026 -0.4% | Jun 2026 —
- FUN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -6.8% | Jun 2023 5.1% | Sep 2023 33% | Dec 2023 3.1% | Mar 2024 -6.9% | Jun 2024 6.8% | Sep 2024 5.2% | Dec 2024 1.0% | Mar 2025 -6.4% | Jun 2025 1.5% | Sep 2025 -15% | Dec 2025 -0.3% | Mar 2026 -4.3% | Jun 2026 —
- LUCK: Sep 2021 188% | Dec 2021 -3.8% | Mar 2022 7.0% | Jun 2022 — | Sep 2022 2.7% | Dec 2022 3.5% | Mar 2023 3.4% | Jun 2023 5.0% | Sep 2023 0.9% | Dec 2023 0.2% | Mar 2024 2.9% | Jun 2024 -1.2% | Sep 2024 0.5% | Dec 2024 1.6% | Mar 2025 2.1% | Jun 2025 0.5% | Sep 2025 1.0% | Dec 2025 1.1% | Mar 2026 2.2% | Jun 2026 —
- TRON: Sep 2021 0.0% | Dec 2021 115% | Mar 2022 — | Jun 2022 — | Sep 2022 -372% | Dec 2022 -266% | Mar 2023 346% | Jun 2023 -1,836% | Sep 2023 -64% | Dec 2023 -38% | Mar 2024 -100% | Jun 2024 -35% | Sep 2024 -29% | Dec 2024 -20% | Mar 2025 -15% | Jun 2025 -1.3% | Sep 2025 -0.5% | Dec 2025 -0.4% | Mar 2026 -0.5% | Jun 2026 —
- JOUT: Sep 2021 — | Dec 2021 2.8% | Mar 2022 — | Jun 2022 3.0% | Sep 2022 4.4% | Dec 2022 1.0% | Mar 2023 2.0% | Jun 2023 3.0% | Sep 2023 -3.9% | Dec 2023 0.0% | Mar 2024 0.0% | Jun 2024 -0.1% | Sep 2024 -7.6% | Dec 2024 -3.6% | Mar 2025 0.9% | Jun 2025 1.3% | Sep 2025 — | Dec 2025 -1.6% | Mar 2026 -0.6% | Jun 2026 2.0%
- XPOF: Sep 2021 -1.1% | Dec 2021 -8.7% | Mar 2022 -7.9% | Jun 2022 11% | Sep 2022 -3.0% | Dec 2022 1.1% | Mar 2023 -1.8% | Jun 2023 8.9% | Sep 2023 1.8% | Dec 2023 0.7% | Mar 2024 1.9% | Jun 2024 -0.7% | Sep 2024 -1.6% | Dec 2024 -14% | Mar 2025 2.7% | Jun 2025 4.4% | Sep 2025 1.1% | Dec 2025 -3.1% | Mar 2026 5.1% | Jun 2026 —
- FNKO: Sep 2021 4.1% | Dec 2021 3.9% | Mar 2022 2.9% | Jun 2022 1.3% | Sep 2022 2.4% | Dec 2022 -8.2% | Mar 2023 -9.3% | Jun 2023 -4.9% | Sep 2023 -0.9% | Dec 2023 -0.6% | Mar 2024 -2.8% | Jun 2024 2.4% | Sep 2024 2.7% | Dec 2024 1.3% | Mar 2025 -6.0% | Jun 2025 -11% | Sep 2025 2.0% | Dec 2025 1.4% | Mar 2026 -2.5% | Jun 2026 —
- ESCA: Sep 2021 — | Dec 2021 4.4% | Mar 2022 4.1% | Jun 2022 — | Sep 2022 3.6% | Dec 2022 1.8% | Mar 2023 0.1% | Jun 2023 2.4% | Sep 2023 2.5% | Dec 2023 2.1% | Mar 2024 1.3% | Jun 2024 1.9% | Sep 2024 3.6% | Dec 2024 2.2% | Mar 2025 1.8% | Jun 2025 1.3% | Sep 2025 3.7% | Dec 2025 2.7% | Mar 2026 3.1% | Jun 2026 —
- JAKK: Sep 2021 20% | Dec 2021 1.6% | Mar 2022 -0.4% | Jun 2022 15% | Sep 2022 27% | Dec 2022 -7.6% | Mar 2023 -2.3% | Jun 2023 8.5% | Sep 2023 27% | Dec 2023 -6.4% | Mar 2024 -10% | Jun 2024 3.7% | Sep 2024 26% | Dec 2024 -5.4% | Mar 2025 -1.5% | Jun 2025 -1.1% | Sep 2025 10% | Dec 2025 -2.9% | Mar 2026 -2.0% | Jun 2026 —
- AOUT: Sep 2021 — | Dec 2021 1.7% | Mar 2022 1.5% | Jun 2022 -26% | Sep 2022 -2.0% | Dec 2022 0.0% | Mar 2023 -1.1% | Jun 2023 -1.7% | Sep 2023 -1.8% | Dec 2023 0.0% | Mar 2024 -1.3% | Jun 2024 -2.6% | Sep 2024 -1.2% | Dec 2024 1.5% | Mar 2025 0.1% | Jun 2025 -0.5% | Sep 2025 -3.3% | Dec 2025 1.0% | Mar 2026 -1.9% | Jun 2026 -0.2%
- PLBY: Sep 2021 -1.4% | Dec 2021 -9.4% | Mar 2022 1.1% | Jun 2022 -0.8% | Sep 2022 -45% | Dec 2022 -1.8% | Mar 2023 -4.4% | Jun 2023 -27% | Sep 2023 -0.4% | Dec 2023 -24% | Mar 2024 -2.5% | Jun 2024 -3.3% | Sep 2024 -11% | Dec 2024 -1.8% | Mar 2025 -2.6% | Jun 2025 -2.6% | Sep 2025 0.6% | Dec 2025 1.2% | Mar 2026 -0.7% | Jun 2026 —
- CLAR: Sep 2021 -0.1% | Dec 2021 2.3% | Mar 2022 2.0% | Jun 2022 1.9% | Sep 2022 1.1% | Dec 2022 -19% | Mar 2023 -0.5% | Jun 2023 -1.1% | Sep 2023 -0.6% | Dec 2023 -2.6% | Mar 2024 -1.7% | Jun 2024 -2.1% | Sep 2024 -1.4% | Dec 2024 -17% | Mar 2025 -2.3% | Jun 2025 -3.7% | Sep 2025 -1.0% | Dec 2025 -17% | Mar 2026 -2.6% | Jun 2026 —

### 20-quarter ROCE change history
- AS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.0 pp | Dec 2022 −0.9 pp | Mar 2023 — | Jun 2023 — | Sep 2023 +0.6 pp | Dec 2023 +1.8 pp | Mar 2024 — | Jun 2024 — | Sep 2024 +0.9 pp | Dec 2024 +2.0 pp | Mar 2025 −0.1 pp | Jun 2025 +0.8 pp | Sep 2025 +0.4 pp | Dec 2025 +0.2 pp | Mar 2026 +1.3 pp | Jun 2026 —
- HAS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.0 pp | Dec 2022 −3.8 pp | Mar 2023 — | Jun 2023 −2.6 pp | Sep 2023 −5.3 pp | Dec 2023 −0.8 pp | Mar 2024 — | Jun 2024 +3.4 pp | Sep 2024 +8.0 pp | Dec 2024 +3.8 pp | Mar 2025 +1.7 pp | Jun 2025 −21.4 pp | Sep 2025 +2.0 pp | Dec 2025 +5.6 pp | Mar 2026 +2.2 pp | Jun 2026 +23.9 pp
- LTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.2 pp | Dec 2022 +6.6 pp | Mar 2023 +1.3 pp | Jun 2023 +0.4 pp | Sep 2023 −0.2 pp | Dec 2023 +0.2 pp | Mar 2024 0.0 pp | Jun 2024 +0.8 pp | Sep 2024 +0.7 pp | Dec 2024 +0.4 pp | Mar 2025 +0.5 pp | Jun 2025 0.0 pp | Sep 2025 +0.5 pp | Dec 2025 +0.5 pp | Mar 2026 +0.3 pp | Jun 2026 +0.4 pp
- GOLF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.3 pp | Dec 2022 +2.1 pp | Mar 2023 +0.3 pp | Jun 2023 +0.7 pp | Sep 2023 +0.6 pp | Dec 2023 −2.2 pp | Mar 2024 −0.9 pp | Jun 2024 −0.4 pp | Sep 2024 0.0 pp | Dec 2024 +1.2 pp | Mar 2025 −0.1 pp | Jun 2025 +0.2 pp | Sep 2025 −0.2 pp | Dec 2025 −0.7 pp | Mar 2026 −0.1 pp | Jun 2026 —
- PLNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.2 pp | Dec 2022 +1.3 pp | Mar 2023 −0.2 pp | Jun 2023 +0.5 pp | Sep 2023 0.0 pp | Dec 2023 −0.2 pp | Mar 2024 +0.4 pp | Jun 2024 +0.3 pp | Sep 2024 +0.2 pp | Dec 2024 +0.6 pp | Mar 2025 +0.5 pp | Jun 2025 +0.4 pp | Sep 2025 +0.9 pp | Dec 2025 +0.5 pp | Mar 2026 +0.6 pp | Jun 2026 —
- MAT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.8 pp | Dec 2022 −4.1 pp | Mar 2023 −4.3 pp | Jun 2023 −1.5 pp | Sep 2023 +1.3 pp | Dec 2023 +1.2 pp | Mar 2024 +1.7 pp | Jun 2024 +0.4 pp | Sep 2024 0.0 pp | Dec 2024 +0.3 pp | Mar 2025 −0.4 pp | Jun 2025 0.0 pp | Sep 2025 −1.9 pp | Dec 2025 −0.4 pp | Mar 2026 −0.9 pp | Jun 2026 —
- YETI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −2.1 pp | Mar 2023 — | Jun 2023 −3.8 pp | Sep 2023 −4.0 pp | Dec 2023 +2.2 pp | Mar 2024 — | Jun 2024 +6.0 pp | Sep 2024 +0.8 pp | Dec 2024 −3.4 pp | Mar 2025 −0.9 pp | Jun 2025 −1.6 pp | Sep 2025 −2.2 pp | Dec 2025 — | Mar 2026 +5.9 pp | Jun 2026 −5.4 pp
- CALY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.9 pp | Dec 2022 +0.8 pp | Mar 2023 −0.3 pp | Jun 2023 −0.4 pp | Sep 2023 0.0 pp | Dec 2023 +0.1 pp | Mar 2024 −0.3 pp | Jun 2024 −0.2 pp | Sep 2024 −0.6 pp | Dec 2024 +0.1 pp | Mar 2025 +0.6 pp | Jun 2025 +0.1 pp | Sep 2025 0.0 pp | Dec 2025 −0.8 pp | Mar 2026 +1.6 pp | Jun 2026 —
- PTON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.2 pp | Dec 2022 +2.6 pp | Mar 2023 +12.1 pp | Jun 2023 +30.1 pp | Sep 2023 +7.1 pp | Dec 2023 +1.4 pp | Mar 2024 +1.9 pp | Jun 2024 +5.6 pp | Sep 2024 +6.5 pp | Dec 2024 +6.2 pp | Mar 2025 +5.4 pp | Jun 2025 +5.7 pp | Sep 2025 +2.2 pp | Dec 2025 +1.8 pp | Mar 2026 +6.1 pp | Jun 2026 —
- OSW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.3 pp | Dec 2022 +2.3 pp | Mar 2023 +2.7 pp | Jun 2023 +1.9 pp | Sep 2023 +1.2 pp | Dec 2023 +0.3 pp | Mar 2024 +0.9 pp | Jun 2024 +0.8 pp | Sep 2024 +1.2 pp | Dec 2024 +0.7 pp | Mar 2025 0.0 pp | Jun 2025 +0.4 pp | Sep 2025 +0.1 pp | Dec 2025 −0.2 pp | Mar 2026 +1.0 pp | Jun 2026 +0.4 pp
- PRKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.7 pp | Dec 2022 +1.1 pp | Mar 2023 +0.1 pp | Jun 2023 −0.5 pp | Sep 2023 −0.4 pp | Dec 2023 −0.6 pp | Mar 2024 +0.5 pp | Jun 2024 −0.2 pp | Sep 2024 −0.7 pp | Dec 2024 −0.8 pp | Mar 2025 −0.3 pp | Jun 2025 −1.5 pp | Sep 2025 −2.5 pp | Dec 2025 −0.9 pp | Mar 2026 −1.2 pp | Jun 2026 —
- FUN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 −0.1 pp | Jun 2024 +1.7 pp | Sep 2024 −27.6 pp | Dec 2024 −2.1 pp | Mar 2025 +0.5 pp | Jun 2025 −5.3 pp | Sep 2025 −19.7 pp | Dec 2025 −1.3 pp | Mar 2026 +2.1 pp | Jun 2026 —
- LUCK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −184.9 pp | Dec 2022 +7.3 pp | Mar 2023 −3.6 pp | Jun 2023 — | Sep 2023 −1.8 pp | Dec 2023 −3.3 pp | Mar 2024 −0.5 pp | Jun 2024 −6.2 pp | Sep 2024 −0.4 pp | Dec 2024 +1.4 pp | Mar 2025 −0.8 pp | Jun 2025 +1.7 pp | Sep 2025 +0.5 pp | Dec 2025 −0.5 pp | Mar 2026 +0.1 pp | Jun 2026 —
- TRON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −372.3 pp | Dec 2022 −381.1 pp | Mar 2023 — | Jun 2023 — | Sep 2023 +308.3 pp | Dec 2023 +228.4 pp | Mar 2024 −446.2 pp | Jun 2024 +1,801.5 pp | Sep 2024 +34.7 pp | Dec 2024 +17.6 pp | Mar 2025 +84.7 pp | Jun 2025 +33.5 pp | Sep 2025 +28.8 pp | Dec 2025 +20.0 pp | Mar 2026 +14.9 pp | Jun 2026 —
- JOUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −1.8 pp | Mar 2023 — | Jun 2023 0.0 pp | Sep 2023 −8.3 pp | Dec 2023 −1.0 pp | Mar 2024 −2.0 pp | Jun 2024 −3.1 pp | Sep 2024 −3.7 pp | Dec 2024 −3.6 pp | Mar 2025 +0.9 pp | Jun 2025 +1.4 pp | Sep 2025 — | Dec 2025 +2.0 pp | Mar 2026 −1.5 pp | Jun 2026 +0.7 pp
- XPOF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.9 pp | Dec 2022 +9.8 pp | Mar 2023 +6.1 pp | Jun 2023 −1.7 pp | Sep 2023 +4.8 pp | Dec 2023 −0.4 pp | Mar 2024 +3.7 pp | Jun 2024 −9.6 pp | Sep 2024 −3.4 pp | Dec 2024 −15.1 pp | Mar 2025 +0.8 pp | Jun 2025 +5.1 pp | Sep 2025 +2.7 pp | Dec 2025 +11.3 pp | Mar 2026 +2.4 pp | Jun 2026 —
- FNKO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.7 pp | Dec 2022 −12.1 pp | Mar 2023 −12.2 pp | Jun 2023 −6.2 pp | Sep 2023 −3.3 pp | Dec 2023 +7.6 pp | Mar 2024 +6.5 pp | Jun 2024 +7.3 pp | Sep 2024 +3.6 pp | Dec 2024 +1.9 pp | Mar 2025 −3.2 pp | Jun 2025 −13.0 pp | Sep 2025 −0.7 pp | Dec 2025 +0.1 pp | Mar 2026 +3.5 pp | Jun 2026 —
- ESCA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −2.6 pp | Mar 2023 −4.0 pp | Jun 2023 — | Sep 2023 −1.1 pp | Dec 2023 +0.3 pp | Mar 2024 +1.2 pp | Jun 2024 −0.5 pp | Sep 2024 +1.1 pp | Dec 2024 +0.1 pp | Mar 2025 +0.5 pp | Jun 2025 −0.6 pp | Sep 2025 +0.1 pp | Dec 2025 +0.5 pp | Mar 2026 +1.3 pp | Jun 2026 —
- JAKK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +7.5 pp | Dec 2022 −9.2 pp | Mar 2023 −1.9 pp | Jun 2023 −6.4 pp | Sep 2023 −0.6 pp | Dec 2023 +1.2 pp | Mar 2024 −7.9 pp | Jun 2024 −4.8 pp | Sep 2024 −0.8 pp | Dec 2024 +1.0 pp | Mar 2025 +8.7 pp | Jun 2025 −4.8 pp | Sep 2025 −15.5 pp | Dec 2025 +2.5 pp | Mar 2026 −0.5 pp | Jun 2026 —
- AOUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −1.7 pp | Mar 2023 −2.6 pp | Jun 2023 +23.8 pp | Sep 2023 +0.2 pp | Dec 2023 0.0 pp | Mar 2024 −0.2 pp | Jun 2024 −0.9 pp | Sep 2024 +0.6 pp | Dec 2024 +1.5 pp | Mar 2025 +1.4 pp | Jun 2025 +2.1 pp | Sep 2025 −2.1 pp | Dec 2025 −0.5 pp | Mar 2026 −2.0 pp | Jun 2026 +0.3 pp
- PLBY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −43.9 pp | Dec 2022 +7.6 pp | Mar 2023 −5.5 pp | Jun 2023 −26.1 pp | Sep 2023 +44.9 pp | Dec 2023 −22.3 pp | Mar 2024 +1.9 pp | Jun 2024 +23.6 pp | Sep 2024 −11.0 pp | Dec 2024 +22.3 pp | Mar 2025 −0.1 pp | Jun 2025 +0.7 pp | Sep 2025 +12.0 pp | Dec 2025 +3.0 pp | Mar 2026 +1.9 pp | Jun 2026 —
- CLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.2 pp | Dec 2022 −21.0 pp | Mar 2023 −2.5 pp | Jun 2023 −3.0 pp | Sep 2023 −1.7 pp | Dec 2023 +16.1 pp | Mar 2024 −1.2 pp | Jun 2024 −1.0 pp | Sep 2024 −0.8 pp | Dec 2024 −14.6 pp | Mar 2025 −0.6 pp | Jun 2025 −1.6 pp | Sep 2025 +0.4 pp | Dec 2025 +0.5 pp | Mar 2026 −0.3 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: JAKKS Pacific, Inc. has the lowest comparable PEG at 0.21×, 41.7% below Mattel, Inc.. Only 6 of 22 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: JAKKS Pacific, Inc. · 0.21× | 41.7% versus #2 · Mattel, Inc. | 0/8 recent comparable periods | 6/22 companies · 32 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG
1. JAKKS Pacific, Inc. (JAKK): 0.2
2. Mattel, Inc. (MAT): 0.4
3. Acushnet Holdings Corp. (GOLF): 0.9
4. Planet Fitness, Inc. (PLNT): 0.9
5. Escalade, Incorporated (ESCA): 1.1

### P/E — lowest P/E
1. Mattel, Inc. (MAT): 9.2
2. United Parks & Resorts Inc. (PRKS): 12.3
3. Hasbro, Inc. (HAS): 15.1
4. Escalade, Incorporated (ESCA): 15.3
5. American Outdoor Brands, Inc. (AOUT): 18.1

### 20-quarter PEG history
- LTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 3.5 | Jun 2024 1.1 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- GOLF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.6 | Jun 2023 0.4 | Sep 2023 0.4 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 0.8 | Jun 2025 0.7 | Sep 2025 0.9 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- PLNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 1.2 | Mar 2024 0.9 | Jun 2024 1.7 | Sep 2024 2.8 | Dec 2024 2.1 | Mar 2025 2.1 | Jun 2025 2.1 | Sep 2025 1.3 | Dec 2025 1.4 | Mar 2026 0.9 | Jun 2026 —
- MAT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 0.4 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- YETI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 0.6 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- OSW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.6 | Sep 2025 0.7 | Dec 2025 — | Mar 2026 1.8 | Jun 2026 —
- PRKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 2.2 | Dec 2024 2.2 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- ESCA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.5 | Dec 2024 0.5 | Mar 2025 2.0 | Jun 2025 2.2 | Sep 2025 — | Dec 2025 1.8 | Mar 2026 1.1 | Jun 2026 —
- JAKK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.2 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter P/E history
- AS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 199.7 | Mar 2025 72.2 | Jun 2025 94.5 | Sep 2025 63.2 | Dec 2025 49.1 | Mar 2026 41.2 | Jun 2026 —
- HAS: Sep 2021 28.8 | Dec 2021 32.7 | Mar 2022 31.7 | Jun 2022 22.0 | Sep 2022 23.7 | Dec 2022 41.5 | Mar 2023 — | Jun 2023 61.9 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 20.2 | Mar 2025 19.9 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 15.1
- LTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 49.9 | Jun 2023 48.0 | Sep 2023 46.1 | Dec 2023 40.8 | Mar 2024 43.1 | Jun 2024 34.9 | Sep 2024 35.4 | Dec 2024 29.9 | Mar 2025 31.5 | Jun 2025 29.7 | Sep 2025 21.6 | Dec 2025 16.0 | Mar 2026 15.9 | Jun 2026 22.3
- GOLF: Sep 2021 15.5 | Dec 2021 22.3 | Mar 2022 17.2 | Jun 2022 19.2 | Sep 2022 18.4 | Dec 2022 15.4 | Mar 2023 17.0 | Jun 2023 17.3 | Sep 2023 16.1 | Dec 2023 21.5 | Mar 2024 22.9 | Jun 2024 21.9 | Sep 2024 21.7 | Dec 2024 21.1 | Mar 2025 19.1 | Jun 2025 19.5 | Sep 2025 21.5 | Dec 2025 25.7 | Mar 2026 32.9 | Jun 2026 —
- PLNT: Sep 2021 140.3 | Dec 2021 177.6 | Mar 2022 132.0 | Jun 2022 93.2 | Sep 2022 68.6 | Dec 2022 66.8 | Mar 2023 62.1 | Jun 2023 45.9 | Sep 2023 30.6 | Dec 2023 45.1 | Mar 2024 36.0 | Jun 2024 40.4 | Sep 2024 43.7 | Dec 2024 49.4 | Mar 2025 45.6 | Jun 2025 48.5 | Sep 2025 42.4 | Dec 2025 41.4 | Mar 2026 26.9 | Jun 2026 —
- MAT: Sep 2021 8.2 | Dec 2021 8.5 | Mar 2022 7.6 | Jun 2022 7.2 | Sep 2022 11.3 | Dec 2022 16.2 | Mar 2023 25.6 | Jun 2023 31.5 | Sep 2023 95.8 | Dec 2023 31.5 | Mar 2024 23.9 | Jun 2024 17.7 | Sep 2024 11.9 | Dec 2024 11.2 | Mar 2025 12.5 | Jun 2025 12.7 | Sep 2025 12.6 | Dec 2025 16.0 | Mar 2026 9.2 | Jun 2026 —
- YETI: Sep 2021 — | Dec 2021 37.6 | Mar 2022 34.5 | Jun 2022 26.2 | Sep 2022 19.9 | Dec 2022 13.2 | Mar 2023 — | Jun 2023 47.1 | Sep 2023 51.1 | Dec 2023 26.7 | Mar 2024 18.3 | Jun 2024 16.9 | Sep 2024 17.5 | Dec 2024 19.2 | Mar 2025 15.9 | Jun 2025 14.6 | Sep 2025 17.9 | Dec 2025 — | Mar 2026 22.1 | Jun 2026 18.6
- CALY: Sep 2021 12.9 | Dec 2021 15.1 | Mar 2022 34.4 | Jun 2022 27.6 | Sep 2022 18.7 | Dec 2022 24.1 | Mar 2023 46.0 | Jun 2023 37.5 | Sep 2023 28.2 | Dec 2023 28.7 | Mar 2024 43.7 | Jun 2024 153.0 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 99.1 | Jun 2026 —
- PTON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 85.8 | Jun 2026 —
- OSW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 55.2 | Sep 2022 25.5 | Dec 2022 19.0 | Mar 2023 37.5 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 49.0 | Jun 2024 34.2 | Sep 2024 33.7 | Dec 2024 28.8 | Mar 2025 26.2 | Jun 2025 30.0 | Sep 2025 29.8 | Dec 2025 30.1 | Mar 2026 30.6 | Jun 2026 35.8
- PRKS: Sep 2021 32.2 | Dec 2021 20.1 | Mar 2022 20.3 | Jun 2022 11.9 | Sep 2022 10.3 | Dec 2022 12.9 | Mar 2023 14.9 | Jun 2023 14.6 | Sep 2023 12.3 | Dec 2023 14.6 | Mar 2024 15.1 | Jun 2024 14.2 | Sep 2024 12.7 | Dec 2024 14.8 | Mar 2025 12.1 | Jun 2025 12.6 | Sep 2025 15.8 | Dec 2025 11.9 | Mar 2026 12.3 | Jun 2026 —
- FUN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 16.5 | Mar 2024 29.9 | Jun 2024 21.9 | Sep 2024 112.2 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- LUCK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 37.6 | Dec 2023 15.5 | Mar 2024 25.4 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 25.2 | Dec 2025 68.4 | Mar 2026 49.6 | Jun 2026 —
- JOUT: Sep 2021 — | Dec 2021 13.4 | Mar 2022 — | Jun 2022 14.3 | Sep 2022 15.1 | Dec 2022 17.1 | Mar 2023 14.5 | Jun 2023 13.9 | Sep 2023 28.8 | Dec 2023 31.2 | Mar 2024 98.1 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- FNKO: Sep 2021 17.7 | Dec 2021 17.4 | Mar 2022 15.3 | Jun 2022 20.9 | Sep 2022 20.6 | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- ESCA: Sep 2021 — | Dec 2021 10.7 | Mar 2022 7.7 | Jun 2022 — | Sep 2022 7.6 | Dec 2022 6.7 | Mar 2023 19.0 | Jun 2023 21.9 | Sep 2023 21.9 | Dec 2023 28.3 | Mar 2024 15.1 | Jun 2024 16.2 | Sep 2024 15.0 | Dec 2024 15.4 | Mar 2025 15.6 | Jun 2025 15.4 | Sep 2025 13.8 | Dec 2025 13.6 | Mar 2026 15.3 | Jun 2026 —
- JAKK: Sep 2021 — | Dec 2021 — | Mar 2022 20.3 | Jun 2022 2.2 | Sep 2022 4.1 | Dec 2022 2.0 | Mar 2023 2.0 | Jun 2023 3.0 | Sep 2023 2.3 | Dec 2023 10.2 | Mar 2024 9.1 | Jun 2024 6.9 | Sep 2024 9.4 | Dec 2024 9.0 | Mar 2025 6.1 | Jun 2025 6.1 | Sep 2025 38.2 | Dec 2025 19.6 | Mar 2026 28.5 | Jun 2026 —
- AOUT: Sep 2021 — | Dec 2021 18.7 | Mar 2022 18.1 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- CLAR: Sep 2021 44.2 | Dec 2021 38.0 | Mar 2022 33.5 | Jun 2022 26.8 | Sep 2022 20.7 | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —


## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

## Every company
- Amer Sports, Inc. (AS) — market value ₹21.1K Cr; latest fundamentals Mar 2026
- Hasbro, Inc. (HAS) — market value ₹12.9K Cr; latest fundamentals Jun 2026
- Life Time Group Holdings, Inc. (LTH) — market value ₹10.0K Cr; latest fundamentals Jun 2026
- Acushnet Holdings Corp. (GOLF) — market value ₹6.0K Cr; latest fundamentals Mar 2026
- Planet Fitness, Inc. (PLNT) — market value ₹4.4K Cr; latest fundamentals Mar 2026
- Mattel, Inc. (MAT) — market value ₹4.3K Cr; latest fundamentals Mar 2026
- YETI Holdings, Inc. (YETI) — market value ₹3.9K Cr; latest fundamentals Jun 2026
- Callaway Golf Company (CALY) — market value ₹3.5K Cr; latest fundamentals Mar 2026
- Peloton Interactive, Inc. (PTON) — market value ₹2.9K Cr; latest fundamentals Mar 2026
- OneSpaWorld Holdings Limited (OSW) — market value ₹2.7K Cr; latest fundamentals Jun 2026
- United Parks & Resorts Inc. (PRKS) — market value ₹2.2K Cr; latest fundamentals Mar 2026
- Six Flags Entertainment Corporation (FUN) — market value ₹1.9K Cr; latest fundamentals Mar 2026
- Lucky Strike Entertainment Corporation (LUCK) — market value ₹930 Cr; latest fundamentals Mar 2026
- Tron Inc. (TRON) — market value ₹702 Cr; latest fundamentals Mar 2026
- Johnson Outdoors Inc. (JOUT) — market value ₹498 Cr; latest fundamentals Jun 2026
- Xponential Fitness, Inc. (XPOF) — market value ₹328 Cr; latest fundamentals Mar 2026
- Funko, Inc. (FNKO) — market value ₹322 Cr; latest fundamentals Mar 2026
- Escalade, Incorporated (ESCA) — market value ₹303 Cr; latest fundamentals Mar 2026
- JAKKS Pacific, Inc. (JAKK) — market value ₹298 Cr; latest fundamentals Mar 2026
- American Outdoor Brands, Inc. (AOUT) — market value ₹157 Cr; latest fundamentals Jun 2026
- Playboy, Inc. (PLBY) — market value ₹141 Cr; latest fundamentals Mar 2026
- Clarus Corporation (CLAR) — market value ₹129 Cr; latest fundamentals Mar 2026

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-08-04.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Is the Leisure sector outperforming S&P 500?

Leisure has underperformed S&P 500 by 6.6% over 52 weeks and 0.8% over 13 weeks. 10 of 22 covered companies beat the S&P 500 on Mansfield relative strength, while 10 of 22 beat the sector itself.

### Which Leisure company is largest by revenue?

Amer Sports, Inc. leads with revenue of $7,039 million, based on 17 of 22 comparable companies through Mar 2026.

### Which Leisure company is growing fastest?

Amer Sports, Inc. has the fastest current revenue growth at 28.8%, across 17 of 22 comparable companies.

### Which Leisure company has the strongest 4-Factor Sector Score?

Life Time Group Holdings, Inc. ranks first at 60.8/100 with 57.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Leisure company has the lowest comparable PEG?

JAKKS Pacific, Inc. has the lowest comparable PEG at 0.21, among 6 of 22 companies whose earnings and growth are steady enough for the ratio to mean anything.

### How much history does this Leisure comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

### Which Leisure company is the biggest?

Amer Sports, Inc. is the largest, with trailing-twelve-month revenue of $7,039 million, ahead of Mattel, Inc. at $5,383 million. That covers 17 of 22 companies with comparable reporting through Mar 2026.

### Which Leisure company has the best profit margins?

Planet Fitness, Inc. has the highest operating margin at 29.3%, from 22 of 22 comparable companies. Six Flags Entertainment Corporation shows the biggest recent improvement, at +20.5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Leisure company makes the most profit?

Mattel, Inc. earns the most, at $476 million of trailing-twelve-month net profit, from 17 of 22 comparable companies. Amer Sports, Inc. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Leisure company earns the highest return on capital?

Hasbro, Inc. leads on return on capital employed at 6.1%, across 22 of 22 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Leisure stock is the cheapest?

On PEG — where a LOWER number is cheaper — JAKKS Pacific, Inc. screens cheapest at 0.21×. Only 6 of 22 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Is the Leisure sector beating the market?

Leisure has underperformed S&P 500 by 6.6% over the last 52 weeks and 0.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 10 of 22 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Leisure stock has the strongest price momentum?

Life Time Group Holdings, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Leisure company scores highest for research priority?

Life Time Group Holdings, Inc. scores 60.8 out of 100 with 57.8% evidence confidence, from 18.2 points on growth and earnings, 12.4 on capital efficiency, 10.2 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Leisure companies does this comparison cover, and over what period?

It compares 22 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Leisure sector?

The 22 Leisure companies on this page carry $79,558 million of combined market value. Amer Sports, Inc. is the largest at $21,074 million, about 26% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

### What is the Leisure sector's P/E ratio?

The median price-to-earnings ratio across the 22 Leisure companies on this page is 26.9×, measured on the 19 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.

### How is the Leisure sector performing?

10 of the 22 covered Leisure companies are beating S&P 500 on Mansfield relative strength. The sector itself is 6.6% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

### How many Leisure stocks are listed in the US?

This comparison covers 22 listed Leisure companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.