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Apr 30, 2026·SEC
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The Hershey Company(HSY)Earnings, Financials & Key Ratios
HSY•NYSE
39.8× P/E·Price updated Jun 19, 2026
AboutThe Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, meat snacks, bars and snack bites, mixes, popcorn, and protein bars. The company provides its products primarily under the Hershey's, Reese's, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Payday, Rolo, Twizzlers, Whoppers, York, Ice Breakers, Breath Savers, Bubble Yum, Lily's, SkinnyPop, Pirates Booty, Paqui, Dot's Homestyle Pretzels, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands. It markets and sells its products to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores. The company was founded in 1894 and is headquartered in Hershey, Pennsylvania.Show more
- Revenue$11.69B+4.4%
- EBITDA$1.45B-56.8%
- Net Income$883M-60.2%
- EPS (Diluted)4.34-60.3%
- Gross Margin33.27%-29.7%
- EBITDA Margin12.39%-58.6%
- Operating Margin12.12%-53.2%
- Net Margin7.55%-61.9%
- ROE18.89%-62.5%
HSY Key Insights
The Hershey Company (HSY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 39.9%
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 3.1%
- ✓Healthy 5Y average net margin of 15.3%
✗Weaknesses
- ✗Dividend payout exceeds 100% of earnings
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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HSY Price & Volume
The Hershey Company (HSY) stock price & volume — 10-year historical chart
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HSY Growth Metrics
The Hershey Company (HSY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.7%
5 Years7.49%
3 Years3.92%
TTM11.5%
Profit CAGR
10 Years5.58%
5 Years-7.13%
3 Years-18.72%
TTM-33.61%
EPS CAGR
10 Years6.46%
5 Years-6.61%
3 Years-18.31%
TTM-33.79%
Return on Capital
10 Years29.8%
5 Years26.7%
3 Years25.86%
Last Year14.35%
HSY Recent Earnings
The Hershey Company (HSY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$2.35+15.2%
$2.04
Rev
$3.1B+2.5%
$3.0B
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$1.71+22.1%
$1.40
Rev
$3.1B+3.7%
$3.0B
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$1.30+21.5%
$1.07
Rev
$3.2B+2.0%
$3.1B
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$1.21+21.9%
$0.99
Rev
$2.6B+3.6%
$2.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $2.35vs $2.04+15.2% | $3.1Bvs $3.0B+2.5% |
| Q1 2026 | Feb 5, 2026 | $1.71vs $1.40+22.1% | $3.1Bvs $3.0B+3.7% |
| Q4 2025 | Oct 30, 2025 | $1.30vs $1.07+21.5% | $3.2Bvs $3.1B+2.0% |
| Q3 2025 | Jul 30, 2025 | $1.21vs $0.99+21.9% | $2.6Bvs $2.5B+3.6% |
Based on last 12 quarters of dataView full earnings history →
HSY Peer Comparison
The Hershey Company (HSY) competitors in Branded snacks and confectionery makers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MDLZ | 77.17B | 60.12 | 31.81 | 5.75% | 6.65% | 10.03% | 0.87 | |
 TR | 2.72B | 36.24 | 26.45 | 1.29% | 13.66% | 11.02% | 0.01 | |
 RMCF | 11.7M | 1.51 | -2.70 | -7.04% | -16.58% | -75.71% | 1.51 | |
 MKC | 11.82B | 46.64 | 15.92 | 1.73% | 11.54% | 13.69% | 0.69 | |
 GIS | 17.83B | 33.42 | 8.15 | -1.87% | 12.05% | 23.67% | 1.66 | |
 CPB | 6.31B | 21.15 | 10.52 | 6.4% | 6.12% | 15.3% | 1.85 | |
 SJM | 11.82B | 110.86 | -85.28 | 3.72% | -1.53% | -2.44% | 1.28 | |
 K | 29.03B | 83.44 | 21.51 | -2.84% | 10.56% | 31.71% | 1.63 |
Compare HSY vs Peers
The Hershey Company (HSY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HSY Income Statement
The Hershey Company (HSY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 7.52B | 7.79B | 7.99B | 8.15B | 8.97B | 10.42B | 11.16B | 11.2B | 11.69B | 11.99B |
Revenue Growth % | 1.01% | 3.67% | 2.51% | 2.05% | 10.08% | 16.14% | 7.16% | 0.33% | 4.38% | 11.5% |
Cost of Goods Sold | 4.06B | 4.22B | 4.36B | 4.45B | 4.92B | 5.92B | 6.17B | 5.9B | 7.8B | 7.82B |
COGS % of Revenue | 54.02% | 54.11% | 54.64% | 54.58% | 54.87% | 56.82% | 55.24% | 52.68% | 66.73% | - |
Gross Profit | 3.46B▲ 0% | 3.58B▲ 3.5% | 3.62B▲ 1.3% | 3.7B▲ 2.2% | 4.05B▲ 9.4% | 4.5B▲ 11.1% | 5B▲ 11.1% | 5.3B▲ 6.1% | 3.89B▼ 26.6% | 4.17B▲ 0% |
Gross Margin % | 45.98% | 45.89% | 45.36% | 45.42% | 45.13% | 43.18% | 44.76% | 47.32% | 33.27% | 34.76% |
Gross Profit Growth % | 9.02% | 3.47% | 1.32% | 2.18% | 9.38% | 11.12% | 11.09% | 6.06% | -26.62% | - |
Operating Expenses | 2.14B | 1.95B | 2.03B | 1.92B | 2B | 2.24B | 2.44B | 2.4B | 2.47B | 2.48B |
OpEx % of Revenue | 28.5% | 25.05% | 25.38% | 23.54% | 22.35% | 21.48% | 21.83% | 21.45% | 21.15% | - |
Selling, General & Admin | 1.89B | 1.87B | 1.91B | 1.89B | 2B | 2.24B | 2.44B | 2.26B | 2.45B | 2.47B |
SG&A % of Revenue | 25.09% | 24.06% | 23.87% | 23.2% | 22.31% | 21.46% | 21.82% | 20.2% | 20.99% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 256.48M | 76.83M | 120.6M | 27.65M | 3.52M | 1.99M | 441K | 139.87M | 18.38M | 3.25M |
Operating Income | 1.31B▲ 0% | 1.62B▲ 23.6% | 1.6B▼ 1.7% | 1.78B▲ 11.7% | 2.04B▲ 14.6% | 2.26B▲ 10.6% | 2.56B▲ 13.3% | 2.9B▲ 13.2% | 1.42B▼ 51.1% | 1.69B▲ 0% |
Operating Margin % | 17.48% | 20.84% | 19.98% | 21.87% | 22.78% | 21.7% | 22.94% | 25.87% | 12.12% | 14.08% |
Operating Income Growth % | 8.93% | 23.62% | -1.71% | 11.7% | 14.64% | 10.62% | 13.27% | 13.17% | -51.11% | - |
EBITDA | 1.58B | 1.92B | 1.89B | 2.08B | 2.36B | 2.64B | 2.98B | 3.35B | 1.45B | 2.01B |
EBITDA Margin % | 20.96% | 24.63% | 23.63% | 25.49% | 26.29% | 25.34% | 26.7% | 29.94% | 12.39% | 16.75% |
EBITDA Growth % | 4.49% | 21.81% | -1.63% | 10.07% | 13.53% | 11.91% | 12.92% | 12.51% | -56.79% | -24.95% |
D&A (Non-Cash Add-back) | 261.85M | 295.14M | 291.54M | 294.91M | 315M | 378.96M | 419.81M | 455.25M | 0 | 384.62M |
EBIT | 1.21B | 1.56B | 1.53B | 1.65B | 1.93B | 2.06B | 2.33B | 2.65B | 1.45B | 1.65B |
Net Interest Income | -98.28M | -138.84M | -144.13M | -149.37M | -127.42M | -137.56M | -151.78M | -165.66M | -179.01M | -184.2M |
Interest Income | 1.78M | 8.02M | 8M | 4.1M | 2.43M | 2.54M | 9.73M | 8.66M | 28.43M | 22.44M |
Interest Expense | 100.07M | 146.86M | 152.12M | 153.47M | 129.85M | 140.09M | 161.51M | 174.32M | 207.44M | 206.65M |
Other Income/Expense | -202.74M | -213.6M | -215.17M | -287.7M | -246.5M | -343.72M | -389M | -424.3M | -202.75M | -205.18M |
Pretax Income | 1.11B▲ 0% | 1.41B▲ 27.0% | 1.38B▼ 2.1% | 1.49B▲ 8.3% | 1.8B▲ 20.2% | 1.92B▲ 6.7% | 2.17B▲ 13.3% | 2.47B▲ 13.9% | 1.21B▼ 50.9% | 1.48B▲ 0% |
Pretax Margin % | 14.78% | 18.1% | 17.29% | 18.34% | 20.03% | 18.4% | 19.45% | 22.08% | 10.38% | 12.37% |
Income Tax | 354.13M | 239.01M | 234.03M | 219.58M | 314.4M | 272.25M | 310.08M | 252.7M | 330.95M | 389.09M |
Effective Tax Rate % | 31.88% | 16.95% | 16.95% | 14.69% | 17.49% | 14.2% | 14.28% | 10.21% | 27.26% | 26.23% |
Net Income | 782.98M▲ 0% | 1.18B▲ 50.4% | 1.15B▼ 2.4% | 1.28B▲ 11.2% | 1.48B▲ 15.5% | 1.64B▲ 11.3% | 1.86B▲ 13.2% | 2.22B▲ 19.3% | 883.26M▼ 60.2% | 1.09B▲ 0% |
Net Margin % | 10.42% | 15.11% | 14.4% | 15.69% | 16.47% | 15.79% | 16.68% | 19.83% | 7.55% | 9.12% |
Net Income Growth % | 8.74% | 50.39% | -2.37% | 11.22% | 15.55% | 11.32% | 13.19% | 19.31% | -60.24% | -33.61% |
Net Income (Continuing) | 756.54M | 1.17B | 1.15B | 1.28B | 1.48B | 1.64B | 1.86B | 2.22B | 883.26M | 1.09B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 16.23M | 8.54M | 5.77M | 3.53M | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 3.66▲ 0% | 5.58▲ 52.5% | 5.46▼ 2.2% | 6.11▲ 11.9% | 7.11▲ 16.4% | 7.96▲ 12.0% | 9.06▲ 13.8% | 10.94▲ 20.8% | 4.34▼ 60.3% | 5.36▲ 0% |
EPS Growth % | 9.58% | 52.46% | -2.15% | 11.9% | 16.37% | 11.96% | 13.82% | 20.75% | -60.33% | -33.79% |
EPS (Basic) | 3.79 | 5.61 | 5.49 | 6.13 | 7.15 | 8.00 | 9.09 | 10.97 | 4.40 | - |
Diluted Shares Outstanding | 213.74M | 210.99M | 210.7M | 209.41M | 207.76M | 206.57M | 205.55M | 203.49M | 203.27M | 204.27M |
Basic Shares Outstanding | 212.25M | 209.99M | 209.46M | 208.45M | 206.73M | 205.53M | 204.74M | 202.96M | 203.49M | 198.68M |
Dividend Payout Ratio | 67.21% | 47.77% | 53.08% | 50.11% | 46.43% | 47.12% | 47.75% | 48.84% | 122.87% | - |
HSY Balance Sheet
The Hershey Company (HSY) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 2B | 2.24B | 2.12B | 2.98B | 2.25B | 2.62B | 2.91B | 3.76B | 3.59B | 3.77B |
Cash & Short-Term Investments | 380.18M | 588M | 493.26M | 1.14B | 329.27M | 463.89M | 401.9M | 730.75M | 925.86M | 876.98M |
Cash Only | 380.18M | 588M | 493.26M | 1.14B | 329.27M | 463.89M | 401.9M | 730.75M | 925.86M | 876.98M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 588.26M | 594.14M | 568.51M | 615.23M | 671.46M | 711.2M | 823.62M | 800.4M | 729.55M | 974.55M |
Days Sales Outstanding | 28.57 | 27.83 | 25.98 | 27.55 | 27.32 | 24.91 | 26.93 | 26.08 | 22.77 | 26.56 |
Inventory | 752.84M | 784.88M | 815.25M | 964.21M | 988.51M | 1.17B | 1.34B | 1.25B | 1.43B | 1.43B |
Days Inventory Outstanding | 67.68 | 67.95 | 68.19 | 79.11 | 73.29 | 72.32 | 79.37 | 77.57 | 66.86 | 74.75 |
Other Current Assets | 151.9M | 203.67M | 156.02M | 158.81M | 127.68M | 128.31M | 118.02M | 704.42M | 0 | 487.86M |
Total Non-Current Assets | 3.55B | 5.46B | 6.02B | 6.15B | 8.17B | 8.33B | 8.99B | 9.19B | 10.15B | 10.07B |
Property, Plant & Equipment | 2.11B | 2.13B | 2.15B | 2.29B | 2.59B | 2.77B | 3.62B | 3.8B | 3.53B | 3.49B |
Fixed Asset Turnover | 3.57x | 3.66x | 3.71x | 3.57x | 3.47x | 3.76x | 3.09x | 2.95x | 3.31x | 3.45x |
Goodwill | 821.06M | 1.8B | 1.99B | 1.99B | 2.63B | 2.61B | 2.7B | 2.71B | 3B | 2.99B |
Intangible Assets | 474.04M | 1.28B | 1.34B | 1.3B | 2.04B | 1.97B | 2.24B | 2.24B | 2.48B | 2.45B |
Long-Term Investments | 0 | 0 | 0 | 52.35M | 93.09M | 133.03M | 207.18M | 212.93M | 0 | 403.72M |
Other Non-Current Assets | 147M | 252.98M | 512M | 503.54M | 775.11M | 811.96M | 186.07M | 194.11M | 1.12B | 1.11B |
Total Assets | 5.55B▲ 0% | 7.7B▲ 38.7% | 8.14B▲ 5.7% | 9.13B▲ 12.2% | 10.41B▲ 14.0% | 10.95B▲ 5.2% | 11.9B▲ 8.7% | 12.95B▲ 8.8% | 13.74B▲ 6.1% | 13.84B▲ 0% |
Asset Turnover | 1.35x | 1.01x | 0.98x | 0.89x | 0.86x | 0.95x | 0.94x | 0.87x | 0.85x | 0.88x |
Asset Growth % | 0.53% | 38.7% | 5.68% | 12.18% | 14.02% | 5.15% | 8.71% | 8.77% | 6.14% | 22.73% |
Total Current Liabilities | 2.08B | 2.42B | 2.01B | 1.89B | 2.49B | 3.26B | 3.01B | 3.93B | 3.01B | 3.04B |
Accounts Payable | 523.23M | 502.31M | 550.83M | 580.06M | 692.34M | 970.56M | 630.54M | 807.92M | 1.26B | 1.3B |
Days Payables Outstanding | 47.04 | 43.49 | 46.07 | 47.59 | 51.33 | 59.84 | 37.32 | 49.97 | 58.74 | 55.47 |
Short-Term Debt | 859.46M | 1.2B | 731.59M | 512.87M | 942.27M | 1.44B | 1.02B | 1.91B | 721.87M | 673.54M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 0 | 596K | 0 | 0 | 0 | 0 | 0 | 0 | 970.6M | 926.17M |
Current Ratio | 0.96x | 0.93x | 1.05x | 1.57x | 0.90x | 0.80x | 0.97x | 0.96x | 1.19x | 1.24x |
Quick Ratio | 0.60x | 0.60x | 0.65x | 1.06x | 0.50x | 0.44x | 0.52x | 0.64x | 0.72x | 0.77x |
Cash Conversion Cycle | 49.21 | 52.3 | 48.1 | 59.07 | 49.28 | 37.4 | 68.97 | 53.68 | 30.89 | 45.84 |
Total Non-Current Liabilities | 2.55B | 3.88B | 4.39B | 5B | 5.16B | 4.39B | 4.8B | 4.3B | 6.09B | 6.07B |
Long-Term Debt | 2.06B | 3.25B | 3.46B | 4.01B | 4.02B | 3.27B | 3.72B | 3.12B | 4.68B | 4.68B |
Capital Lease Obligations | 0 | 0 | 259.73M | 257.76M | 376.48M | 364.04M | 347.57M | 372.9M | 0 | 675.83M |
Deferred Tax Liabilities | 45.66M | 176.86M | 200.02M | 229.03M | 288M | 328.4M | 345.7M | 424.24M | 679.54M | 2.27B |
Other Non-Current Liabilities | 438.94M | 446.05M | 471.61M | 501.56M | 476.16M | 424.89M | 383.58M | 383.49M | 731.92M | 676.85M |
Total Liabilities | 4.62B | 6.3B | 6.4B | 6.89B | 7.66B | 7.65B | 7.8B | 8.23B | 9.1B | 9.11B |
Total Debt | 2.92B | 4.46B | 4.48B | 4.82B | 5.38B | 5.12B | 5.13B | 5.45B | 5.4B | 5.36B |
Net Debt | 2.54B | 3.87B | 3.99B | 3.68B | 5.05B | 4.65B | 4.72B | 4.72B | 4.48B | 4.48B |
Debt / Equity | 3.14x | 3.17x | 2.57x | 2.15x | 1.95x | 1.55x | 1.25x | 1.16x | 1.17x | 1.13x |
Debt / EBITDA | 1.85x | 2.32x | 2.37x | 2.32x | 2.28x | 1.94x | 1.72x | 1.62x | 3.73x | 2.67x |
Net Debt / EBITDA | 1.61x | 2.02x | 2.11x | 1.77x | 2.14x | 1.76x | 1.58x | 1.41x | 3.09x | 2.23x |
Interest Coverage | 12.10x | 10.60x | 10.08x | 10.74x | 14.84x | 14.68x | 14.45x | 15.19x | 6.99x | 7.99x |
Total Equity | 931.57M▲ 0% | 1.41B▲ 51.1% | 1.74B▲ 24.0% | 2.24B▲ 28.2% | 2.76B▲ 23.2% | 3.3B▲ 19.7% | 4.1B▲ 24.2% | 4.71B▲ 15.0% | 4.64B▼ 1.7% | 4.73B▲ 0% |
Equity Growth % | 12.55% | 51.06% | 24% | 28.25% | 23.21% | 19.67% | 24.23% | 15.02% | -1.65% | 20.53% |
Book Value per Share | 4.36 | 6.67 | 8.28 | 10.69 | 13.27 | 15.97 | 19.94 | 23.17 | 22.81 | 23.17 |
Total Shareholders' Equity | 915.34M | 1.4B | 1.74B | 2.23B | 2.76B | 3.3B | 4.1B | 4.71B | 4.64B | 4.73B |
Common Stock | 359.9M | 359.9M | 221.55M | 221.55M | 221.55M | 221.55M | 221.55M | 221.55M | 0 | 0 |
Retained Earnings | 6.37B | 7.03B | 1.29B | 1.93B | 2.72B | 3.59B | 4.56B | 5.7B | 0 | 0 |
Treasury Stock | -6.43B | -6.62B | -591.04M | -768.99M | -1.2B | -1.56B | -1.8B | -2.28B | 0 | 0 |
Accumulated OCI | -313.75M | -356.78M | -323.97M | -338.08M | -249.22M | -252.33M | -230.08M | -303.89M | 0 | 0 |
Minority Interest | 16.23M | 8.54M | 5.77M | 3.53M | 0 | 0 | 0 | 0 | 0 | 0 |
HSY Cash Flow Statement
The Hershey Company (HSY) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.25B | 1.6B | 1.76B | 1.7B | 2.08B | 2.33B | 2.32B | 2.53B | 2.28B | 2.35B |
Operating CF Margin % | 16.63% | 20.54% | 22.09% | 20.86% | 23.22% | 22.34% | 20.81% | 22.6% | 19.48% | - |
Operating CF Growth % | 27.05% | 28.05% | 10.24% | -3.64% | 22.55% | 11.76% | -0.2% | 8.97% | -10.04% | -27.86% |
Net Income | 756.54M | 1.17B | 1.15B | 1.28B | 1.48B | 1.64B | 1.86B | 2.22B | 883.26M | 1.09B |
Depreciation & Amortization | 261.85M | 295.14M | 291.54M | 294.91M | 315M | 378.96M | 419.81M | 455.25M | 503.7M | 517.14M |
Stock-Based Compensation | 51.06M | 49.29M | 51.9M | 57.58M | 66.71M | 65.99M | 81.02M | 44.41M | 65.46M | 50.03M |
Deferred Taxes | 18.58M | 36.26M | -15.07M | 26.88M | 13.37M | 36.89M | 16.23M | 73.23M | 122.29M | 160.66M |
Other Non-Cash Items | 295.78M | 119.47M | 200.23M | 236.52M | 158.67M | 230.56M | 286.19M | -209.48M | 662.56M | 530.16M |
Working Capital Changes | -134.3M | -71.22M | 88.52M | -191.65M | 46.31M | -29.38M | -341.86M | -53.06M | 40.1M | -2.66M |
Change in Receivables | -6.88M | 8.59M | 40.25M | -55.54M | -14.64M | -38.16M | -102.08M | 4.46M | 98.97M | -75.55M |
Change in Inventory | -71.4M | -12.75M | -21.19M | -151.92M | 21.46M | -186.96M | -157.15M | 68.83M | -133.32M | 69.68M |
Change in Payables | -52.96M | -100.25M | 41.1M | 41.47M | 39.73M | 216.48M | 50.23M | 28.9M | 163.5M | -150.93M |
Cash from Investing | -328.66M | -1.5B | -780.48M | -531.28M | -2.22B | -787.38M | -1.2B | -960.31M | -1.28B | -1.25B |
Capital Expenditures | -257.68M | -328.6M | -318.19M | -441.63M | -495.88M | -519.48M | -771.11M | -605.94M | 0 | -180.75M |
CapEx % of Revenue | 3.43% | 4.22% | 3.98% | 5.42% | 5.53% | 4.99% | 6.91% | 5.41% | 4.52% | 1.51% |
Acquisitions | -78.6M | -1.22B | -482.39M | -87.21M | -1.73B | -275.53M | -165.82M | -361M | -756.13M | -759.69M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 7.61M | 49.76M | 20.1M | -2.44M | 2.54M | 7.64M | -261.75M | 6.63M | -522.58M | -306.03M |
Cash from Financing | -843.77M | 116.11M | -1.08B | -499.23M | -681.14M | -1.42B | -1.15B | -1.3B | -803.36M | -1.74B |
Debt Issued (Net) | -80.47M | 934.81M | -184.74M | 327.17M | 429.59M | -250.37M | 14.73M | 300.65M | 279.42M | -588.69M |
Equity Issued (Net) | -300.31M | -247.5M | -527.21M | -232.04M | -457.95M | -354.81M | -264.91M | -494.19M | 21.3M | -35.71M |
Dividends Paid | -526.27M | -562.52M | -610.31M | -640.73M | -685.99M | -775.03M | -889.07M | -1.08B | -1.09B | -1.1B |
Share Repurchases | -300.31M | -247.5M | -527.21M | -211.2M | -457.95M | -388.96M | -264.91M | -494.19M | 0 | -69.27M |
Other Financing | 63.29M | -8.68M | 240.81M | 46.37M | 33.21M | -35.52M | -8.99M | -18.16M | -18.78M | -17.17M |
Net Change in Cash | 83.21M▲ 0% | 207.82M▲ 149.7% | -94.74M▼ 145.6% | 650.73M▲ 786.9% | -814.72M▼ 225.2% | 134.62M▲ 116.5% | -61.99M▼ 146.0% | 328.84M▲ 630.5% | 195.11M▼ 40.7% | -638.28M▲ 0% |
Free Cash Flow | 991.84M▲ 0% | 1.27B▲ 28.2% | 1.45B▲ 13.7% | 1.26B▼ 13.0% | 1.59B▲ 26.2% | 1.81B▲ 13.9% | 1.55B▼ 14.2% | 1.93B▲ 24.1% | 1.75B▼ 9.2% | 2.17B▲ 0% |
FCF Margin % | 13.2% | 16.32% | 18.1% | 15.44% | 17.69% | 17.36% | 13.9% | 17.19% | 14.96% | 18.09% |
FCF Growth % | 38.91% | 28.19% | 13.71% | -12.98% | 26.15% | 13.95% | -14.17% | 24.07% | -9.17% | 19.1% |
FCF per Share | 4.64 | 6.03 | 6.86 | 6.01 | 7.64 | 8.75 | 7.55 | 9.46 | 8.61 | 10.62 |
FCF Conversion (FCF/Net Income) | 1.60x | 1.36x | 1.53x | 1.33x | 1.41x | 1.42x | 1.25x | 1.14x | 2.58x | 1.98x |
Interest Paid | 101.87M | 132.49M | 139.5M | 150.93M | 127.73M | 131.76M | 160.73M | 179.78M | 0 | 188.07M |
Taxes Paid | 351.83M | 118.84M | 238.07M | 215.49M | 275.17M | 221.32M | 303.94M | 201.8M | 0 | 96.03M |
HSY Key Ratios
The Hershey Company (HSY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 89.01% | 100.7% | 72.94% | 64.21% | 59.16% | 54.31% | 50.33% | 50.4% | 18.89% | 23.72% |
Return on Invested Capital (ROIC) | 28.21% | 27.84% | 21.75% | 22.96% | 22.35% | 21.52% | 22.9% | 23.82% | 11.46% | 13.66% |
Gross Margin | 45.98% | 45.89% | 45.36% | 45.42% | 45.13% | 43.18% | 44.76% | 47.32% | 33.27% | 34.76% |
Net Margin | 10.42% | 15.11% | 14.4% | 15.69% | 16.47% | 15.79% | 16.68% | 19.83% | 7.55% | 9.12% |
Debt / Equity | 3.14x | 3.17x | 2.57x | 2.15x | 1.95x | 1.55x | 1.25x | 1.16x | 1.17x | 1.13x |
Interest Coverage | 12.10x | 10.60x | 10.08x | 10.74x | 14.84x | 14.68x | 14.45x | 15.19x | 6.99x | 7.99x |
FCF Conversion | 1.60x | 1.36x | 1.53x | 1.33x | 1.41x | 1.42x | 1.25x | 1.14x | 2.58x | 1.98x |
Revenue Growth | 1.01% | 3.67% | 2.51% | 2.05% | 10.08% | 16.14% | 7.16% | 0.33% | 4.38% | 11.5% |
Related:HSY Dividend History·HSY Revenue History·HSY Price History·HSY P/E History·HSY Financial Ratios·HSY Institutional Holders
HSY SEC Filings & Documents
The Hershey Company (HSY) SEC filings — annual & quarterly reports (10-K, 10-Q)
HSY Frequently Asked Questions
The Hershey Company (HSY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
The Hershey Company (HSY) reported $11.99B in revenue for fiscal year 2025. This represents a 201% increase from $3.99B in 1996.
The Hershey Company (HSY) grew revenue by 4.4% over the past year. Growth has been modest.
Yes, The Hershey Company (HSY) is profitable, generating $1.09B in net income for fiscal year 2025 (7.6% net margin).
Dividend & Returns
Yes, The Hershey Company (HSY) pays a dividend with a yield of 3.09%. This makes it attractive for income-focused investors.
The Hershey Company (HSY) has a return on equity (ROE) of 18.9%. This is reasonable for most industries.
The Hershey Company (HSY) generated $2.17B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.