Hershey Co (HSY)
The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. It operates through three segments: North America Confectionery, North America Salty Snacks, and International. The company offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels. It 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, Sour Strips, Whoppers, York, Ice Breakers, Breath Savers, Bubble Yum, Lily's, SkinnyPop, Pirates Booty, Dot's Homestyle Pretzels, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands. The company 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. It exports its products in approximately 65 countries worldwide. The Hershey Company was founded in 1894 and is based in Hershey, Pennsylvania.
- Symbol
- HSY
- Exchange
- NYSE
- Sector
- Consumer Defensive
- Industry
- Confectioners
- Market cap
- $32.18B
- 52 week range
- 156.16 - 239.48
Valuation
- Share price
- $160.19 (close of 2026-10-02)
- P/E (TTM)
- 21.80x
- Price to book
- 7.05x
- Price to free cash flow
- 14.44x
- Enterprise value
- $37.32B
- Book value per share
- $22.71
Price performance
| Period | Change |
|---|---|
| 1 day | +0.56% |
| 5 days | -3.71% |
| 1 month | -9.72% |
| 3 months | -12.05% |
| 6 months | -22.31% |
| Year to date | -11.97% |
| 1 year | -15.25% |
| 3 years | -19.51% |
| 5 years | -6.20% |
| 10 years | +67.56% |
| All time | +18970.24% |
Members of Congress who disclosed HSY trades
Scott Franklin · Marjorie Taylor Greene · Robert Bresnahan · Dan Newhouse · Julie Johnson · Alan Armstrong · Carol Miller · Sheldon Whitehouse · Tommy Tuberville
Super investors holding HSY
Ken Griffin (Citadel) · Mairs & Power (Mairs & Power Inc) · Hillman Capital (Hillman Capital Management, Inc) · Ray Dalio (Bridgewater Associates) · Lee Ainslie (Maverick Capital LTD)
Profitability and growth
- Return on equity
- 19.05%
- Return on invested capital
- 11.75%
- Return on assets
- 6.43%
- Return on capital employed
- 13.44%
- Gross margin
- 33.55%
- Net margin
- 7.55%
- EBITDA margin
- 16.64%
- Revenue growth
- 4.38%
- Net income growth
- -60.24%
- Free cash flow growth
- -5.34%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 6.92%
- Current ratio
- 1.18x
- Net debt to EBITDA
- 1.92x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $11.69B
- Cost of revenue
- $7.77B
- Gross profit
- $3.92B
- EBITDA
- $1.95B
- Net income
- $883.26M
- Earnings per share
- $4.36
- Research and development
- $61.66M
- Interest expense
- $224.81M
- Shares outstanding
- 202.61M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $11.69B | $3.92B | $883.26M | $4.36 |
| 2024-12-31 | $11.20B | $5.30B | $2.22B | $10.92 |
| 2023-12-31 | $11.16B | $5.00B | $1.86B | $9.10 |
| 2022-12-31 | $10.42B | $4.50B | $1.64B | $8.00 |
| 2021-12-31 | $8.97B | $4.05B | $1.48B | $7.13 |
| 2020-12-31 | $8.15B | $3.70B | $1.28B | $6.13 |
| 2019-12-31 | $7.99B | $3.62B | $1.15B | $5.49 |
| 2018-12-31 | $7.79B | $3.58B | $1.18B | $5.60 |
| 2017-12-31 | $7.52B | $3.46B | $782.98M | $3.70 |
| 2016-12-31 | $7.44B | $3.17B | $720.04M | $3.36 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 33.55% | 7.55% | 19.05% | 11.75% |
| 2024-12-31 | 47.32% | 19.83% | 47.11% | 28.05% |
| 2023-12-31 | 44.76% | 16.68% | 45.42% | 25.51% |
| 2022-12-31 | 43.18% | 15.79% | 49.85% | 25.00% |
| 2021-12-31 | 45.13% | 16.47% | 53.59% | 45.70% |
| 2020-12-31 | 45.42% | 15.69% | 57.14% | 26.40% |
| 2019-12-31 | 45.36% | 14.40% | 65.89% | 23.57% |
| 2018-12-31 | 45.89% | 15.11% | 83.68% | 33.12% |
| 2017-12-31 | 45.98% | 10.42% | 84.05% | 32.94% |
| 2016-12-31 | 42.60% | 9.68% | 86.99% | 30.42% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $925.86M | - |
| 2024-12-31 | $730.75M | - |
| 2023-12-31 | $401.90M | - |
| 2022-12-31 | $463.89M | - |
| 2021-12-31 | $329.27M | - |
| 2020-12-31 | $1.14B | $4.09B |
| 2019-12-31 | $493.26M | $3.53B |
| 2018-12-31 | $588.00M | $3.25B |
| 2017-12-31 | $380.18M | $2.06B |
| 2016-12-31 | $296.97M | $2.35B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $1.82B | $65.46M |
| 2024-12-31 | $1.93B | $44.41M |
| 2023-12-31 | $1.55B | $81.02M |
| 2022-12-31 | $1.81B | $65.99M |
| 2021-12-31 | $1.59B | $66.71M |
| 2020-12-31 | $1.26B | $57.58M |
| 2019-12-31 | $1.45B | $51.90M |
| 2018-12-31 | $1.27B | $49.29M |
| 2017-12-31 | $991.84M | $51.06M |
| 2016-12-31 | $743.95M | $54.78M |
Dividend history
- Most recent payment
- 2026-08-14
- Paid in the last twelve months
- $5.73
| Payment date | Dividend per share |
|---|---|
| 2026-08-14 | $1.45 |
| 2026-05-15 | $1.45 |
| 2026-02-17 | $1.45 |
| 2025-11-17 | $1.37 |
| 2025-08-15 | $1.37 |
| 2025-05-16 | $1.37 |
| 2025-02-14 | $1.37 |
| 2024-11-18 | $1.37 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-29
- Consensus EPS estimate
- $2.11
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-30 | Jun/2026 | $1.45 |
| 2026-04-30 | Mar/2026 | $2.05 |
| 2026-02-05 | Dec/2025 | $1.40 |
| 2025-10-30 | Sep/2025 | $1.09 |
| 2025-07-30 | Jun/2025 | $1.01 |
| 2025-05-01 | Mar/2025 | $1.94 |
| 2025-02-06 | Dec/2024 | $2.38 |
| 2024-11-07 | Sep/2024 | $2.50 |
Filings and sources
- Company website
- thehersheycompany.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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