Mattel (MAT) concentration risks

The company's disclosed customer concentration is moderate across both the top ten and the three largest individual accounts. The ten largest customers in the aggregate accounted for approximately 49% of worldwide consolidated net sales — a medium disclosed share with a dependency character, indicating meaningful but not extreme reliance on a defined buyer group. Notably the filing identifies Walmart, Target, and Amazon as the three largest customers, which collectively accounted for approximately 42% of worldwide consolidated net sales — also a medium disclosed share. The close proximity of these two figures — the three largest customers at that share versus the ten largest at that share — signals that the concentration is front-loaded toward a very small number of major retail and e-commerce platforms, with the remaining seven in the top ten adding relatively limited incremental weight. This means that terms, promotional investments, shelf placement, and order timing at those three retailers are the variables most directly connected to revenue outcomes. No geographic, product, or supplier concentrations are separately disclosed. On balance, the disclosed customer profile sits in the moderate range but is notably skewed toward the three largest relationships. A change in buying patterns, distribution strategy, or private-label competition at any of those three could have a meaningful near-term impact on consolidated net sales, making them the most relevant counterparty relationships to monitor quarter to quarter.

For the engine’s reasoning on MAT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.