Last 47 quarters of trend data · Consumer Defensive · Food Confectioners
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 39.36 | 19.81 | 25.09 | 28.98 | 34.58 | 134.67 | 38.60 | 10.80 | 21.97 | 51.64 | 12.50 | 27.42 | 19.85 | 31.53 | 22.32 | 30.15 | 28.41 | 36.11 | 21.28 | 29.86 | 19.95 |
| — | -85.3% | -35.0% | +168.3% | +57.4% | +160.8% | +208.8% | -60.6% | +10.7% | +63.8% | -44.0% | -9.1% | -30.1% | -12.7% | +4.9% | +1.0% | +42.4% | +20.4% | +1.9% | +9.8% | +22.4% | |
| P/S Ratio | 2.96 | 3.28 | 3.52 | 2.99 | 3.01 | 3.24 | 3.07 | 2.98 | 3.29 | 4.50 | 3.06 | 3.60 | 3.39 | 5.15 | 4.38 | 4.50 | 4.17 | 4.81 | 4.25 | 4.31 | 3.75 |
| — | +1.2% | +14.4% | +0.3% | -8.4% | -27.9% | +0.4% | -17.2% | -3.2% | -12.7% | -30.1% | -20.0% | -18.6% | +7.2% | +3.1% | +4.4% | +11.0% | +5.9% | +17.9% | +18.2% | +14.2% | |
| P/B Ratio | 7.49 | 8.02 | 9.22 | 7.98 | 8.39 | 7.52 | 7.37 | 7.31 | 9.34 | 9.31 | 9.70 | 9.34 | 10.36 | 13.89 | 15.14 | 14.48 | 14.75 | 15.78 | 15.55 | 14.56 | 13.96 |
| — | +6.7% | +25.2% | +9.1% | -10.2% | -19.2% | -24.1% | -21.7% | -9.9% | -33.0% | -35.9% | -35.5% | -29.7% | -12.0% | -2.6% | -0.5% | +5.6% | -0.7% | +6.4% | +2.1% | -1.0% | |
| P/FCF | 19.81 | 27.76 | 30.81 | 12.94 | 8.35 | — | 34.35 | 10.67 | 17.30 | 47.73 | 28.00 | 17.89 | 34.53 | 91.65 | 22.60 | 19.64 | 34.73 | 31.91 | 21.99 | 18.91 | 33.27 |
| — | — | -10.3% | +21.2% | -51.7% | — | +22.7% | -40.3% | -49.9% | -47.9% | +23.9% | -8.9% | -0.6% | +187.2% | +2.7% | +3.9% | +4.4% | +4.2% | +31.6% | +7.8% | +71.0% | |
| EV / EBITDA | 20.37 | 13.35 | 15.56 | 17.95 | 19.92 | 30.81 | 20.09 | 9.21 | 15.24 | 26.75 | 9.65 | 18.51 | 13.67 | 21.20 | 15.85 | 20.92 | 19.35 | 23.00 | 15.49 | 20.83 | 15.11 |
| — | -56.7% | -22.6% | +94.8% | +30.7% | +15.2% | +108.1% | -50.2% | +11.5% | +26.2% | -39.1% | -11.5% | -29.4% | -7.8% | +2.3% | +0.4% | +28.1% | +21.9% | +6.5% | +13.0% | +25.2% | |
| EV / EBIT | 27.61 | 16.22 | 18.73 | 27.24 | 25.31 | 47.26 | 26.24 | 12.80 | 19.59 | 36.71 | 10.95 | 29.89 | 16.50 | 29.27 | 17.82 | 32.78 | 24.73 | 28.95 | 17.69 | 30.25 | 17.85 |
| — | -65.7% | -28.6% | +112.7% | +29.2% | +28.7% | +139.6% | -57.2% | +18.7% | +25.4% | -38.5% | -8.8% | -33.3% | +1.1% | +0.7% | +8.3% | +38.5% | +29.6% | +6.3% | +2.8% | +29.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.3% | 45.3% | 39.4% | 37.0% | 31.6% | 30.5% | 33.7% | 54.0% | 41.3% | 40.2% | 51.5% | 42.3% | 44.9% | 45.5% | 46.3% | 43.2% | 40.6% | 42.1% | 46.7% | 43.5% | 45.0% |
| — | +48.8% | +17.0% | -31.4% | -23.5% | -24.2% | -34.7% | +27.7% | -8.1% | -11.6% | +11.4% | -2.1% | +10.5% | +7.9% | -1.0% | -0.9% | -9.7% | -9.4% | +2.2% | -1.1% | -7.6% | |
| Operating Margin | 12.1% | 23.1% | 20.6% | 14.4% | 12.9% | 7.4% | 13.2% | 32.5% | 20.5% | 13.9% | 32.5% | 17.5% | 24.3% | 22.5% | 26.8% | 19.9% | 20.4% | 19.2% | 27.0% | 19.7% | 24.4% |
| — | +212.7% | +56.8% | -55.7% | -37.2% | -46.9% | -59.5% | +86.1% | -15.5% | -38.4% | +21.5% | -12.0% | +19.0% | +17.0% | -1.0% | +0.6% | -16.2% | -16.2% | +12.3% | +6.5% | -11.6% | |
| Net Margin | 7.6% | 16.4% | 14.0% | 10.4% | 8.7% | 2.4% | 8.0% | 27.6% | 14.9% | 8.7% | 24.5% | 13.1% | 17.1% | 16.3% | 19.7% | 14.9% | 14.6% | 13.3% | 20.0% | 14.4% | 18.9% |
| — | +584.5% | +75.4% | -62.5% | -41.9% | -72.5% | -67.4% | +110.0% | -12.7% | -46.6% | +24.7% | -12.1% | +16.9% | +22.9% | -1.8% | +3.6% | -22.3% | -12.2% | +16.1% | +8.2% | -6.4% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.9% | 9.8% | 9.3% | 7.0% | 6.1% | 1.4% | 4.8% | 17.9% | 10.9% | 4.5% | 19.4% | 8.7% | 13.5% | 11.4% | 17.4% | 12.4% | 13.4% | 10.9% | 18.8% | 12.7% | 18.5% |
| — | +622.1% | +94.7% | -61.1% | -44.0% | -69.4% | -75.5% | +106.4% | -19.7% | -60.8% | +11.8% | -30.3% | +1.2% | +4.7% | -7.6% | -2.0% | -27.7% | -18.1% | +7.0% | -6.3% | -20.9% | |
| ROA | 6.6% | 3.3% | 3.2% | 2.3% | 2.0% | 0.5% | 1.7% | 6.2% | 3.6% | 1.5% | 6.6% | 2.9% | 4.4% | 3.6% | 5.3% | 3.6% | 3.7% | 3.0% | 5.1% | 3.4% | 4.9% |
| — | +624.4% | +89.4% | -62.4% | -43.1% | -68.9% | -74.6% | +112.8% | -19.4% | -59.4% | +23.3% | -19.5% | +18.5% | +21.0% | +5.1% | +7.6% | -23.2% | -11.6% | +16.3% | +6.7% | -1.4% | |
| ROIC | 11.5% | 5.2% | 5.2% | 3.7% | 3.3% | 1.5% | 2.9% | 7.5% | 5.0% | 2.3% | 8.8% | 4.0% | 6.4% | 5.1% | 7.5% | 5.0% | 5.3% | 4.3% | 6.9% | 4.8% | 6.7% |
| — | +241.7% | +78.9% | -51.6% | -33.9% | -34.7% | -66.6% | +90.2% | -22.5% | -54.3% | +16.7% | -20.0% | +21.6% | +17.1% | +9.0% | +3.5% | -21.2% | -22.7% | -2.2% | -5.9% | -13.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.17 | 1.23 | 1.13 | 1.17 | 1.26 | 1.33 | 1.34 | 1.16 | 1.34 | 1.44 | 1.39 | 1.25 | 1.32 | 1.43 | 1.45 | 1.55 | 1.69 | 1.85 | 1.82 | 1.95 | 1.85 |
| — | -7.5% | -15.7% | +0.8% | -6.3% | -7.5% | -3.2% | -7.6% | +1.8% | +0.6% | -4.6% | -19.4% | -22.0% | -22.7% | -20.3% | -20.4% | -8.7% | -6.8% | -12.7% | -9.5% | -25.6% | |
| Debt / EBITDA | 2.81 | 7.23 | 6.93 | 9.36 | 10.67 | 18.95 | 12.87 | 5.12 | 7.77 | 14.47 | 4.89 | 8.82 | 6.23 | 7.97 | 5.59 | 8.17 | 8.01 | 9.71 | 6.54 | 9.91 | 7.20 |
| — | -61.8% | -46.2% | +82.6% | +37.4% | +31.0% | +163.4% | -41.9% | +24.6% | +81.5% | -12.7% | +8.0% | -22.2% | -17.9% | -14.5% | -17.6% | +11.3% | +14.7% | -12.7% | -0.8% | -4.0% | |
| Current Ratio | 1.19 | 1.18 | 1.24 | 1.19 | 1.36 | 1.53 | 1.59 | 0.96 | 0.85 | 0.86 | 0.97 | 0.97 | 1.09 | 1.06 | 0.83 | 0.80 | 0.79 | 0.74 | 0.96 | 0.90 | 1.44 |
| — | -22.8% | -22.2% | +24.5% | +60.9% | +78.2% | +64.1% | -1.2% | -22.1% | -18.8% | +16.9% | +20.3% | +36.7% | +43.6% | -13.3% | -10.7% | -44.7% | -47.4% | -40.6% | -42.8% | -0.1% | |
| Quick Ratio | 0.72 | 0.66 | 0.77 | 0.72 | 0.83 | 0.89 | 1.11 | 0.64 | 0.54 | 0.48 | 0.64 | 0.52 | 0.63 | 0.55 | 0.47 | 0.44 | 0.45 | 0.37 | 0.56 | 0.50 | 0.90 |
| — | -26.1% | -30.4% | +12.5% | +55.4% | +84.9% | +71.6% | +22.1% | -14.5% | -12.0% | +36.9% | +17.5% | +41.0% | +48.4% | -15.2% | -11.9% | -50.5% | -49.4% | -49.4% | -52.6% | -10.8% | |
| Interest Coverage | 6.99 | 11.45 | 12.90 | 6.59 | 8.23 | 3.60 | 7.40 | 18.28 | 12.14 | 6.55 | 24.70 | 8.98 | 16.62 | 11.94 | 20.25 | 10.89 | 14.13 | 12.94 | 21.20 | 12.27 | 18.00 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying HSY stock.
The Hershey Company's current P/E is 39.4x. The average P/E over the last 4 quarters is 27.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Hershey Company's current operating margin is 12.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Hershey Company's business trajectory between earnings reports.