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HSY vs GIS
Revenue, margins, valuation, and 5-year total return — side by side.
Packaged Foods
HSY vs GIS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Food Confectioners | Packaged Foods |
| Market Cap | $37.78B | $18.71B |
| Revenue (TTM) | $11.99B | $18.37B |
| Net Income (TTM) | $1.09B | $2.21B |
| Gross Margin | 34.8% | 33.0% |
| Operating Margin | 14.1% | 19.1% |
| Forward P/E | 22.2x | 10.2x |
| Total Debt | $5.40B | $15.30B |
| Cash & Equiv. | $926M | $364M |
HSY vs GIS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| The Hershey Company (HSY) | 100 | 137.4 | +37.4% |
| General Mills, Inc. (GIS) | 100 | 55.6 | -44.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HSY vs GIS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
HSY carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 4.4%, EPS growth -60.3%, 3Y rev CAGR 3.9%
- 144.3% 10Y total return vs GIS's -9.4%
- Lower volatility, beta -0.03, current ratio 1.19x
GIS is the clearest fit if your priority is income & stability.
- Dividend streak 5 yrs, beta -0.04, yield 6.8%
- Lower P/E (10.2x vs 22.2x)
- 12.1% margin vs HSY's 9.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 4.4% revenue growth vs GIS's -1.9% | |
| Value | Lower P/E (10.2x vs 22.2x) | |
| Quality / Margins | 12.1% margin vs HSY's 9.1% | |
| Stability / Safety | Lower D/E ratio (116.5% vs 166.1%) | |
| Dividends | 2.9% yield, 34-year raise streak, vs GIS's 6.8% | |
| Momentum (1Y) | +12.9% vs GIS's -31.3% | |
| Efficiency (ROA) | 8.0% ROA vs GIS's 6.8%, ROIC 11.5% vs 10.6% |
HSY vs GIS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
HSY vs GIS — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
HSY leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
GIS is the larger business by revenue, generating $18.4B annually — 1.5x HSY's $12.0B. Profitability is closely matched — net margins range from 12.1% (GIS) to 9.1% (HSY). On growth, HSY holds the edge at +10.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $12.0B | $18.4B |
| EBITDAEarnings before interest/tax | $2.0B | $3.9B |
| Net IncomeAfter-tax profit | $1.1B | $2.2B |
| Free Cash FlowCash after capex | $2.2B | $1.7B |
| Gross MarginGross profit ÷ Revenue | +34.8% | +33.0% |
| Operating MarginEBIT ÷ Revenue | +14.1% | +19.1% |
| Net MarginNet income ÷ Revenue | +9.1% | +12.1% |
| FCF MarginFCF ÷ Revenue | +18.1% | +9.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +10.6% | -8.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +93.6% | -50.0% |
Valuation Metrics
GIS leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 8.6x trailing earnings, GIS trades at a 80% valuation discount to HSY's 43.0x P/E. On an enterprise value basis, GIS's 8.8x EV/EBITDA is more attractive than HSY's 29.2x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $37.8B | $18.7B |
| Enterprise ValueMkt cap + debt − cash | $42.3B | $33.6B |
| Trailing P/EPrice ÷ TTM EPS | 42.95x | 8.55x |
| Forward P/EPrice ÷ next-FY EPS est. | 22.17x | 10.24x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.99x |
| EV / EBITDAEnterprise value multiple | 29.17x | 8.75x |
| Price / SalesMarket cap ÷ Revenue | 3.23x | 0.96x |
| Price / BookPrice ÷ Book value/share | 8.17x | 2.12x |
| Price / FCFMarket cap ÷ FCF | 21.60x | 8.16x |
Profitability & Efficiency
HSY leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
HSY delivers a 23.7% return on equity — every $100 of shareholder capital generates $24 in annual profit, vs $24 for GIS. HSY carries lower financial leverage with a 1.17x debt-to-equity ratio, signaling a more conservative balance sheet compared to GIS's 1.66x. On the Piotroski fundamental quality scale (0–9), HSY scores 6/9 vs GIS's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +23.7% | +23.7% |
| ROA (TTM)Return on assets | +8.0% | +6.8% |
| ROICReturn on invested capital | +11.5% | +10.6% |
| ROCEReturn on capital employed | +14.4% | +13.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 1.17x | 1.66x |
| Net DebtTotal debt minus cash | $4.5B | $14.9B |
| Cash & Equiv.Liquid assets | $926M | $364M |
| Total DebtShort + long-term debt | $5.4B | $15.3B |
| Interest CoverageEBIT ÷ Interest expense | 7.99x | 5.01x |
Total Returns (Dividends Reinvested)
HSY leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HSY five years ago would be worth $12,439 today (with dividends reinvested), compared to $7,302 for GIS. Over the past 12 months, HSY leads with a +12.9% total return vs GIS's -31.3%. The 3-year compound annual growth rate (CAGR) favors HSY at -9.7% vs GIS's -22.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +3.0% | -20.6% |
| 1-Year ReturnPast 12 months | +12.9% | -31.3% |
| 3-Year ReturnCumulative with dividends | -26.4% | -53.0% |
| 5-Year ReturnCumulative with dividends | +24.4% | -27.0% |
| 10-Year ReturnCumulative with dividends | +144.3% | -9.4% |
| CAGR (3Y)Annualised 3-year return | -9.7% | -22.2% |
Risk & Volatility
Evenly matched — HSY and GIS each lead in 1 of 2 comparable metrics.
Risk & Volatility
GIS is the less volatile stock with a -0.04 beta — it tends to amplify market swings less than HSY's -0.03 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HSY currently trades 77.8% from its 52-week high vs GIS's 63.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.03x | -0.04x |
| 52-Week HighHighest price in past year | $239.48 | $55.35 |
| 52-Week LowLowest price in past year | $150.04 | $33.58 |
| % of 52W HighCurrent price vs 52-week peak | +77.8% | +63.4% |
| RSI (14)Momentum oscillator 0–100 | 34.3 | 36.4 |
| Avg Volume (50D)Average daily shares traded | 1.7M | 8.6M |
Analyst Outlook
Evenly matched — HSY and GIS each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates HSY as "Hold" and GIS as "Hold". Consensus price targets imply 32.8% upside for GIS (target: $47) vs 21.4% for HSY (target: $226). For income investors, GIS offers the higher dividend yield at 6.85% vs HSY's 2.86%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $226.29 | $46.58 |
| # AnalystsCovering analysts | 35 | 34 |
| Dividend YieldAnnual dividend ÷ price | +2.9% | +6.8% |
| Dividend StreakConsecutive years of raises | 34 | 5 |
| Dividend / ShareAnnual DPS | $5.34 | $2.40 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +6.4% |
HSY leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). GIS leads in 1 (Valuation Metrics). 2 tied.
HSY vs GIS: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HSY or GIS a better buy right now?
For growth investors, The Hershey Company (HSY) is the stronger pick with 4.
4% revenue growth year-over-year, versus -1. 9% for General Mills, Inc. (GIS). General Mills, Inc. (GIS) offers the better valuation at 8. 6x trailing P/E (10. 2x forward), making it the more compelling value choice. Analysts rate The Hershey Company (HSY) a "Hold" — based on 35 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HSY or GIS?
On trailing P/E, General Mills, Inc.
(GIS) is the cheapest at 8. 6x versus The Hershey Company at 43. 0x. On forward P/E, General Mills, Inc. is actually cheaper at 10. 2x.
03Which is the better long-term investment — HSY or GIS?
Over the past 5 years, The Hershey Company (HSY) delivered a total return of +24.
4%, compared to -27. 0% for General Mills, Inc. (GIS). Over 10 years, the gap is even starker: HSY returned +144. 3% versus GIS's -9. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HSY or GIS?
By beta (market sensitivity over 5 years), General Mills, Inc.
(GIS) is the lower-risk stock at -0. 04β versus The Hershey Company's -0. 03β — meaning HSY is approximately -29% more volatile than GIS relative to the S&P 500. On balance sheet safety, The Hershey Company (HSY) carries a lower debt/equity ratio of 117% versus 166% for General Mills, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — HSY or GIS?
By revenue growth (latest reported year), The Hershey Company (HSY) is pulling ahead at 4.
4% versus -1. 9% for General Mills, Inc. (GIS). On earnings-per-share growth, the picture is similar: General Mills, Inc. grew EPS -4. 9% year-over-year, compared to -60. 3% for The Hershey Company. Over a 3-year CAGR, HSY leads at 3. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HSY or GIS?
General Mills, Inc.
(GIS) is the more profitable company, earning 11. 8% net margin versus 7. 6% for The Hershey Company — meaning it keeps 11. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GIS leads at 17. 0% versus 12. 1% for HSY. At the gross margin level — before operating expenses — GIS leads at 34. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HSY or GIS more undervalued right now?
On forward earnings alone, General Mills, Inc.
(GIS) trades at 10. 2x forward P/E versus 22. 2x for The Hershey Company — 11. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GIS: 32. 8% to $46. 58.
08Which pays a better dividend — HSY or GIS?
All stocks in this comparison pay dividends.
General Mills, Inc. (GIS) offers the highest yield at 6. 8%, versus 2. 9% for The Hershey Company (HSY).
09Is HSY or GIS better for a retirement portfolio?
For long-horizon retirement investors, The Hershey Company (HSY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
03), 2. 9% yield, +144. 3% 10Y return). Both have compounded well over 10 years (HSY: +144. 3%, GIS: -9. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HSY and GIS?
Both stocks operate in the Consumer Defensive sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: HSY is a mid-cap quality compounder stock; GIS is a mid-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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