| Stage | HAS | % of rev | FNKO | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.6B | 100.00% | $208M | 100.00% | HAS ×7.68 |
| Gross profit | $1.2B | 75.88% | $118M | 56.63% | HAS +19.3pp |
| Operating income | $517M | 32.43% | $22M | 10.66% | HAS +21.8pp |
| Pre-tax income | $489M | 30.66% | $16M | 7.92% | HAS +22.7pp |
| Net income | $395M | 24.76% | $15M | 7.44% | HAS +17.3pp |
| Stage | HAS | FNKO | Gap · A − B |
|---|---|---|---|
| Revenue | $1.6B100.00% | $208M100.00% | HAS ×7.68 |
| Gross profit | 75.88%$1.2B | 56.63%$118M | HAS +19.3pp |
| Operating income | 32.43%$517M | 10.66%$22M | HAS +21.8pp |
| Pre-tax income | 30.66%$489M | 7.92%$16M | HAS +22.7pp |
| Net income |
| 24.76%$395M |
| 7.44%$15M |
| HAS +17.3pp |
HAS 10-KFeb 27 '25
“In 2024, 2023, and 2022 the Company's largest customers were Wal-Mart, Inc. and Amazon.com, Inc. with sales to each of these customers amounting to 12 % and 11 % of consolidated net revenues in 2024, respectively.”
FNKO 10-KMar 12 '26
“Our key retail partners in the United States include Amazon, Hot Topic, Walmart, Target and GameStop.”
HAS 10-KFeb 27 '25
“In 2024, 2023, and 2022 the Company's largest customers were Wal-Mart, Inc. and Amazon.com, Inc. with sales to each of these customers amounting to 12 % and 11 % of consolidated net revenues in 2024, respectively.”
FNKO 10-KMar 12 '26
“Our key retail partners in the United States include Amazon, Hot Topic, Walmart, Target and GameStop.”
HAS 10-KFeb 25 '26
“Reinvigorating licensing by expanding into new partnerships across toys, gaming and experiences and by strengthening existing partnerships with key partners, including the extension of our agreement with The Walt Disney Company.”
FNKO 10-KMar 12 '26
“Moreover, while we have separate licensing arrangements with Disney, LucasFilm and Marvel, these parties are all under common ownership by Disney and collectively these licensors accounted for approximately 28%, 32% and 38% of our sales for the years ended December 31, 2025, 2024 and 2023, respectively.”