HSY The Hershey Company Common Stock

NYSE · Food Products · View on SEC EDGAR ↗

$193.31

Price · May 22, 2026

Fundamentals as of Apr 30, 2026

HSY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$193.31

Market Cap

$36.91B

P/E (TTM)

91.4

EPS (TTM)

—

Revenue (TTM)

$11.69B

Div Yield

2.9%

ROE

19.3%

Debt/Equity

0.0

52W Range

$154 – $239

HSY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $11.69B

2016-12-31 → 2025-12-31

EPS —

Free Cash Flow $1.82B

2016-12-31 → 2025-12-31

Margins 7.5%

2016-12-31 → 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

HSY

Peer Median

P/E (TTM)

91.4

14.9

P/S (TTM)

3.2

1.1

P/B

8.0

2.5

Price / FCF

20.3

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

HSY

Peer Median

Gross Margin

33.6%

32.1%

Operating Margin

12.3%

—

Net Profit Margin

7.5%

6.2%

ROA

6.6%

5.7%

ROE

19.3%

13.7%

ROIC

21.6%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

HSY

Peer Median

Debt / Equity

0.0

66.3

Current Ratio

1.2

Quick Ratio

0.2

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

HSY

Peer Median

Revenue YoY

4.4%

—

Revenue CAGR 3Y

3.9%

—

Revenue CAGR 5Y

7.5%

—

Net Income YoY

-60.2%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

HSY

Peer Median

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

HSY

Peer Median

Payout Ratio

122.9%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

2.9%

Payout Ratio

122.9%

5Y Div CAGR

—

Ex-date	Amount
May 15, 2026	$1.4520
Feb. 17, 2026	$1.4520
Nov. 17, 2025	$1.3700
Aug. 15, 2025	$1.3700
May 16, 2025	$1.3700
Feb. 14, 2025	$1.3700
Nov. 18, 2024	$1.3700
Aug. 16, 2024	$1.3700
May 16, 2024	$1.3700
Feb. 16, 2024	$1.3700
Nov. 16, 2023	$1.1920
Aug. 17, 2023	$1.1920
May 18, 2023	$1.0360
Feb. 16, 2023	$1.0360
Nov. 17, 2022	$1.0360
Aug. 18, 2022	$1.0360
May 19, 2022	$0.9010
Feb. 17, 2022	$0.9010
Nov. 18, 2021	$0.9010
Aug. 19, 2021	$0.9010

HSY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

HOLD 30 analysts

Strong Buy 2 6.7%
Buy 8 26.7%
Hold 19 63.3%
Sell 1 3.3%
Strong Sell 0 0.0%

12-Month Price Target

23 analysts · 2026-05-23

Median $215.00

Now $193.31

Low $166.00

High $255.00

Median target $215.00 +11.2%

Mean target $216.96 +12.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.23%

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$2.35	$2.07	0.28%
Dec. 31, 2025	$1.71	$1.42	0.29%
Sept. 30, 2025	$1.30	$1.08	0.22%
June 30, 2025	$1.21	$1.00	0.21%
March 31, 2025	$2.09	$1.97	0.12%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
HSY	$36.91B	91.4	4.4%	7.5%	19.3%	33.6%
MDLZ	$68.99B	28.5	5.8%	6.4%	9.3%	28.4%
KHC	$28.57B	-4.9	-3.5%	-23.4%	-12.9%	33.3%
TSN	—	40.7	2.1%	0.87%	2.6%	6.5%
GIS	—	13.0	-1.9%	11.8%	24.7%	—
MKC	$1.01B	23.0	1.7%	11.5%	14.3%	37.9%
HRL	—	27.4	1.6%	4.0%	6.0%	15.6%
SJM	$12.37B	-10.0	6.7%	-14.1%	-18.9%	38.8%
SFD	$8.82B	8.9	9.8%	6.4%	15.6%	13.5%
PPC	$9.46B	8.8	3.5%	5.9%	27.3%	12.8%
CAG	$13.09B	9.3	-3.6%	9.9%	13.0%	25.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16

Annual Income Statement data for HSY
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$11.69B	$11.20B	$11.16B	$10.42B	$8.97B	$8.15B	$7.99B	$7.79B	$7.52B	$7.44B	$7.39B	$7.42B
Cost of Revenue	$7.77B	$5.90B	$6.17B	$5.92B	$4.92B	$4.45B	$4.36B	$4.22B	$4.06B	$4.27B	$4.00B	$4.09B
Gross Profit	$3.92B	$5.30B	$5.00B	$4.50B	$4.05B	$3.70B	$3.62B	$3.58B	$3.46B	$3.17B	$3.38B	$3.34B
R&D Expense	$62M	$56M	$50M	$47M	$40M	$38M	$37M	$39M	$46M	$47M	$49M	$48M
SG&A Expense	$2.46B	$2.37B	$2.44B	$2.24B	$2.00B	$1.89B	$1.91B	$1.87B	$1.89B	$1.89B	$1.97B	$1.90B
Operating Expenses	·	·	·	·	·	·	·	·	·	·	$6.35B	$6.03B
Operating Income	$1.44B	$2.90B	$2.56B	$2.26B	$2.04B	$1.78B	$1.60B	$1.62B	$1.31B	$1.26B	$1.04B	$1.39B
Interest Expense	$225M	$174M	$162M	$140M	$130M	$153M	$152M	$147M	$100M	$92M	$109M	$88M
Interest Income	$35M	$9M	$10M	$3M	$2M	$4M	$8M	$8M	$2M	$2M	$4M	$4M
Other Non-op	$-37M	$-259M	$-237M	$-206M	$-119M	$-138M	$-71M	$-75M	$-104M	$-66M	$-30M	$-3M
Pretax Income	$1.21B	$2.47B	$2.17B	$1.92B	$1.80B	$1.49B	$1.38B	$1.41B	$1.11B	$1.10B	$902M	$1.31B
Income Tax	$331M	$253M	$310M	$272M	$314M	$220M	$234M	$239M	$354M	$379M	$389M	$459M
Net Income	$883M	$2.22B	$1.86B	$1.64B	$1.48B	$1.28B	$1.15B	$1.18B	$783M	$720M	$513M	$847M
Shares (Basic)	·	·	·	·	·	·	·	·	·	·	·	222,555,000
Shares (Diluted)	·	·	·	·	·	·	·	·	·	·	·	224,837,000
EBITDA	$1.95B	$3.35B	$2.98B	$2.64B	$2.36B	$2.08B	$1.89B	$1.92B	$1.54B	$1.51B	$1.28B	$2.17B

Balance Sheet 32

Annual Balance Sheet data for HSY
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	·	·	·	·	·	·	·	$588M	$380M	$297M	$347M	$375M
Short-term Investments	·	·	·	·	·	·	·	·	·	·	$0	$97M
Receivables	$730M	$800M	$824M	$711M	$671M	$615M	$569M	$594M	$588M	$581M	$599M	$597M
Inventory	$1.43B	$1.25B	$1.34B	$1.17B	$989M	$964M	$815M	$785M	$753M	$746M	$751M	$801M
Prepaid Expense	$504M	$974M	$346M	$272M	$257M	$254M	$240M	$272M	$281M	$193M	$152M	$277M
Other Current Assets	$303M	$704M	$118M	$128M	$128M	$159M	$156M	$180M	$131M	·	·	·
Current Assets	$3.59B	$3.76B	$2.91B	$2.62B	$2.25B	$2.98B	$2.12B	$2.24B	$2.00B	$1.82B	$1.85B	$2.25B
PP&E (Net)	$3.53B	$3.46B	$3.31B	$2.77B	$2.59B	$2.29B	$2.15B	$2.13B	$2.11B	$2.18B	$2.24B	$2.15B
PP&E (Gross)	$7.14B	$6.81B	$6.45B	$5.71B	$5.40B	$4.96B	$4.73B	$4.58B	$4.46B	$4.58B	$4.52B	$4.33B
Accum. Depreciation	$3.61B	$3.35B	$3.14B	$2.94B	$2.81B	$2.68B	$2.58B	$2.45B	$2.35B	$2.40B	$2.28B	$2.18B
Goodwill	$3.00B	$2.71B	$2.70B	$2.61B	$2.63B	$1.99B	$1.99B	$1.80B	$821M	$812M	$684M	$793M
Intangibles	$2.48B	$1.87B	$1.88B	$1.97B	$2.04B	$1.30B	$1.34B	$1.28B	$369M	$493M	$379M	$295M
Other Non-current Assets	$1.12B	$1.11B	$1.06B	$945M	$868M	$556M	$512M	$253M	$252M	$168M	$155M	$136M
Total Assets	$13.74B	$12.95B	$11.90B	$10.95B	$10.41B	$9.13B	$8.14B	$7.70B	$5.55B	$5.52B	$5.34B	$5.62B
Accounts Payable	$1.26B	$1.16B	$1.09B	$971M	$692M	$580M	$551M	$502M	$523M	$523M	$474M	$482M
Accrued Liabilities	$971M	$807M	$868M	$833M	$856M	$782M	$702M	$679M	$676M	$751M	$857M	$814M
Short-term Debt	$219M	$1.31B	$720M	$694M	$939M	$74M	$32M	$1.20B	$559M	$632M	$364M	$385M
Current Liabilities	$3.01B	$3.93B	$3.01B	$3.26B	$2.49B	$1.89B	$2.01B	$2.42B	$2.08B	$1.91B	$2.22B	$1.94B
Capital Leases	$286M	$305M	$277M	$295M	$311M	$182M	$184M	$0	·	·	·	·
Deferred Tax	$680M	$424M	$346M	$328M	$288M	$229M	$200M	$177M	$46M	$40M	$53M	$99M
Other Non-current Liabilities	$732M	$688M	$661M	$720M	$787M	$683M	$656M	$446M	$439M	$400M	$469M	$526M
Total Liabilities	$9.10B	$8.23B	$7.80B	$7.65B	$7.66B	$6.89B	$6.40B	$6.30B	$4.62B	$4.70B	$4.30B	$4.10B
Long-term Debt	$5.18B	$3.80B	$4.09B	$4.10B	$4.09B	$4.53B	$4.23B	$3.26B	$2.36B	$2.35B	$2.06B	$1.79B
Total Debt	$219M	$1.31B	$720M	$694M	$939M	$4.60B	$4.27B	$4.46B	$2.92B	$2.98B	$2.42B	$2.18B
Common Stock	$167M	$167M	$167M	$163M	$161M	$161M	$161M	$299M	·	·	·	$299M
Paid-in Capital	$1.43B	$1.38B	$1.35B	$1.30B	$1.26B	$1.19B	$1.14B	$982M	$925M	$870M	$784M	$754M
Retained Earnings	$5.50B	$5.70B	$4.56B	$3.59B	$2.72B	$1.93B	$1.29B	$7.03B	$6.37B	$6.12B	$5.90B	$5.86B
Treasury Stock	$2.26B	$2.28B	$1.80B	$1.56B	$1.20B	$769M	$591M	$6.62B	$6.43B	$6.18B	$5.67B	$5.16B
AOCI	$-247M	$-304M	$-230M	$-252M	$-249M	$-338M	$-324M	$-357M	$-314M	$-376M	$-371M	$-359M
Stockholders' Equity	$4.64B	$4.71B	$4.10B	$3.30B	$2.76B	$2.24B	$1.74B	$1.40B	$915M	$786M	$998M	$1.46B
Liabilities + Equity	$13.74B	$12.95B	$11.90B	$10.95B	$10.41B	$9.13B	$8.14B	$7.70B	$5.55B	$5.52B	$5.34B	$5.62B
Shares Outstanding	202,839,656	202,383,069	204,392,926	204,964,717	206,109,014	208,227,127	208,829,433	209,728,904	210,860,817	212,259,735	216,777,360	221,044,958

Cash Flow 19

Annual Cash Flow data for HSY
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$504M	$455M	$420M	$379M	$315M	$295M	$292M	$295M	$262M	$302M	$245M	$212M
Stock-based Comp	$65M	$44M	$81M	$66M	$67M	$58M	$52M	$49M	$51M	$55M	$52M	$54M
Deferred Tax	$122M	$73M	$16M	$37M	$13M	$27M	$-15M	$36M	$19M	$-38M	$-39M	$19M
Amort. of Intangibles	$85M	$85M	$89M	$80M	$52M	$46M	$47M	$39M	$23M	$27M	$22M	$11M
Restructuring	$59M	$118M	$3M	$4M	$17M	$32M	$9M	$52M	$69M	$94M	$121M	$34M
Other Non-cash	$703M	$-263M	$-56M	$201M	$210M	$42M	$286M	$42M	$135M	$-55M	$444M	$-293M
Operating Cash Flow	$2.28B	$2.53B	$2.32B	$2.33B	$2.08B	$1.70B	$1.76B	$1.60B	$1.25B	$1.01B	$1.26B	$844M
CapEx	$455M	$606M	$771M	$519M	$496M	$442M	$318M	$329M	$258M	$269M	$357M	$371M
Investing Cash Flow	$-1.28B	$-960M	$-1.20B	$-787M	$-2.22B	$-531M	$-780M	$-1.50B	$-329M	$-595M	$-477M	$-863M
Debt Issued	$1.98B	$0	$744M	$0	$0	$990M	$990M	$1.20B	$954.0K	$793M	$599M	$3M
Net Debt Issued	$1.38B	$-306M	$-11M	$-5M	$-439M	$285M	$983M	$289M	$954.0K	$293M	$244M	$3M
Stock Repurchased	$0	$494M	$265M	$389M	$458M	$211M	$527M	$248M	$300M	$593M	$583M	$577M
Net Stock Activity	$0	$-494M	$-265M	$-389M	$-458M	$-211M	$-527M	$-248M	$-300M	$-593M	$-583M	$-577M
Dividends Paid	$1.09B	$1.08B	$889M	$775M	$686M	$641M	$610M	$563M	$526M	$499M	$476M	$440M
Financing Cash Flow	$-803M	$-1.30B	$-1.15B	$-1.42B	$-681M	$-499M	$-1.08B	$116M	$-844M	$-464M	$-797M	$-719M
Net Change in Cash	$195M	$329M	$-62M	$135M	$-815M	$651M	$-95M	$208M	$83M	$-50M	$-28M	$-744M
Taxes Paid	$141M	$202M	$304M	$221M	$275M	$215M	$238M	$119M	$352M	$426M	$369M	$384M
Free Cash Flow	$1.82B	$1.93B	$1.55B	$1.81B	$1.59B	$1.26B	$1.45B	$1.27B	$992M	$714M	$885M	$492M
Levered FCF	$1.66B	$1.77B	$1.41B	$1.69B	$1.48B	$1.13B	$1.32B	$1.15B	$924M	$654M	$823M	$435M

Profitability 8

Annual Profitability data for HSY
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Gross Margin	33.6%	47.3%	44.8%	43.2%	45.1%	45.4%	45.4%	45.9%	45.8%	42.4%	·	·
Operating Margin	12.3%	25.9%	22.9%	21.7%	22.8%	21.9%	20.0%	20.8%	17.0%	16.2%	14.1%	26.4%
Net Margin	7.5%	19.8%	16.7%	15.8%	16.5%	15.7%	14.4%	15.1%	10.4%	9.7%	6.9%	11.4%
Pretax Margin	10.4%	22.1%	19.4%	18.4%	20.0%	18.3%	17.3%	18.1%	14.8%	14.8%	12.2%	17.6%
EBITDA Margin	16.6%	29.9%	26.7%	25.3%	26.3%	25.5%	23.6%	24.6%	20.4%	20.3%	17.4%	29.2%
ROA	6.6%	17.9%	16.3%	15.4%	15.1%	14.8%	14.5%	17.8%	14.1%	13.2%	9.3%	15.4%
ROE	19.3%	49.8%	46.2%	51.5%	55.8%	64.3%	73.3%	101.8%	92.0%	80.7%	41.8%	55.4%
ROIC	21.6%	43.2%	45.6%	48.6%	45.6%	22.2%	22.1%	23.0%	22.6%	21.0%	17.3%	34.8%

Liquidity & Solvency 5

Annual Liquidity & Solvency data for HSY
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.2	1.0	1.0	0.8	0.9	1.6	1.1	0.9	1.0	1.0	0.8	1.2
Quick Ratio	0.2	0.2	0.3	0.2	0.3	0.3	0.3	0.5	0.5	0.5	0.4	0.6
Debt / Equity	0.0	0.3	0.2	0.2	0.3	2.1	2.5	3.2	3.2	3.8	2.4	1.5
LT Debt / Equity	·	·	·	·	·	1.8	2.0	2.3	2.3	3.0	1.6	1.1
Interest Coverage	6.4	16.6	15.9	16.1	15.7	11.6	10.5	11.1	12.7	13.1	9.5	22.3

Efficiency 3

Annual Efficiency data for HSY
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	0.9	0.9	1.0	1.0	0.9	0.9	1.0	1.2	1.4	1.4	1.3	1.4
Inventory Turnover	5.8	4.5	4.9	5.5	5.0	5.0	5.5	5.5	5.4	5.7	5.2	5.6
Receivables Turnover	15.3	13.8	14.5	15.1	13.9	13.8	13.7	13.2	12.9	12.6	12.4	13.8

Per Share 6

Annual Per Share data for HSY
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$22.86	$23.30	$20.05	$16.10	$13.38	$10.73	$8.33	$6.67	$4.34	$3.70	$4.60	$6.58
Revenue / Share	·	·	·	·	·	·	·	·	·	·	·	$33.01
Cash Flow / Share	·	·	·	·	·	·	·	·	·	·	·	$3.73
Cash / Share	·	·	·	·	·	·	·	$2.80	$1.80	$1.40	$1.60	$1.70
Dividend Paid / Share	$5	$5	$4	$4	$3	$3	$3	$3	$3	·	·	$2
EPS (TTM)	$1.99	$1.99	$1.99	$1.99	$1.99	$1.99	$1.99	$1.99	$1.99	$1.99	$1.99	$1.99

Growth Rates 7

Annual Growth Rates data for HSY
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	4.4%	0.33%	7.2%	16.1%	10.1%	·	·	·	·	·	·	·
Revenue CAGR 3Y	3.9%	7.7%	11.1%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	7.5%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	-60.2%	19.3%	13.2%	11.3%	15.6%	·	·	·	·	·	·	·
Net Income CAGR 3Y	-18.7%	14.6%	13.3%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	-7.1%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	11.1%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 17

Annual Valuation (TTM) data for HSY
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$11.69B	$11.20B	$11.16B	$10.42B	$8.97B	$8.15B	$7.99B	$7.79B	$7.52B	$7.44B	$7.39B	$7.42B
Net Income TTM	$883M	$2.22B	$1.86B	$1.64B	$1.48B	$1.28B	$1.15B	$1.18B	$783M	$720M	$513M	$847M
Market Cap	$36.91B	$34.27B	$38.11B	$47.46B	$39.88B	$31.72B	$30.69B	$22.48B	$23.93B	$21.95B	$19.35B	$22.97B
Enterprise Value	·	·	·	·	·	·	·	$26.35B	$26.48B	$24.64B	$21.43B	$24.69B
P/E	91.4	85.1	93.7	116.4	97.2	76.5	73.9	53.9	57.0	52.0	44.9	52.2
P/S	3.2	3.1	3.4	4.6	4.4	3.9	3.8	2.9	3.2	3.0	2.6	3.1
P/B	8.0	7.3	9.3	14.4	14.5	14.2	17.6	16.1	26.1	27.9	19.4	15.8
P / Tangible Book	·	253.8	·	·	·	·	·	·	·	·	·	·
P / Cash Flow	16.2	13.5	16.4	20.4	19.1	18.7	17.4	14.0	19.2	22.3	15.9	27.4
P / FCF	20.3	17.8	24.6	26.2	25.1	25.2	21.2	17.7	24.1	30.7	21.9	46.7
EV / EBITDA	·	·	·	·	·	·	·	13.7	17.2	16.3	16.7	11.4
EV / FCF	·	·	·	·	·	·	·	20.7	26.7	34.5	24.2	50.1
EV / Revenue	·	·	·	·	·	·	·	3.4	3.5	3.3	2.9	3.3
Dividend Yield	2.9%	3.2%	2.3%	1.6%	1.7%	2.0%	2.0%	2.5%	2.2%	2.3%	2.5%	1.9%
Earnings Yield	1.1%	1.2%	1.1%	0.86%	1.0%	1.3%	1.4%	1.9%	1.8%	1.9%	2.2%	1.9%
Payout Ratio	122.9%	48.8%	47.8%	47.1%	46.4%	50.1%	53.1%	47.8%	67.2%	69.4%	92.8%	52.0%
Annual Payout	$1.09B	$1.08B	$889M	$775M	$686M	$641M	$610M	$563M	$526M	$499M	$476M	$440M

Income Statement 12

Quarterly Income Statement data for HSY
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q4 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Revenue	$3.10B	$3.09B	$3.18B	$2.61B	$2.81B	$2.89B	$2.99B	$2.07B	$3.25B	$2.66B	$3.03B	$2.49B	$2.99B	$2.65B	$2.73B	$2.37B
Cost of Revenue	$1.88B	$1.95B	$2.14B	$1.82B	$1.86B	$1.33B	$1.75B	$1.24B	$1.58B	$1.53B	$1.67B	$1.36B	$1.61B	$1.51B	$1.62B	$1.37B
Gross Profit	$1.22B	$1.14B	$1.04B	$796M	$944M	$1.56B	$1.23B	$834M	$1.68B	$1.12B	$1.36B	$1.13B	$1.38B	$1.14B	$1.11B	$1000M
SG&A Expense	$576M	$698M	$601M	$603M	$559M	$623M	$592M	$541M	$618M	$659M	$624M	$572M	$582M	$616M	$552M	$543M
Operating Income	$641M	$445M	$435M	$193M	$369M	$939M	$613M	$288M	$1.06B	$464M	$736M	$561M	$800M	$527M	$557M	$457M
Interest Expense	$55M	$58M	$59M	$57M	$51M	$42M	$47M	$44M	$42M	$40M	$42M	$40M	$39M	$37M	$36M	$34M
Interest Income	$5M	$10M	$8M	$11M	$6M	$2M	$2M	$3M	$2M	$2M	$2M	$4M	$2M	$1M	$655.0K	$389.0K
Other Non-op	$2M	$-27M	$-11M	$2M	$-945.0K	$-176M	$-50M	$-574.0K	$-32M	$-107M	$-43M	$-84M	$-3M	$-128M	$-48M	$-20M
Pretax Income	$593M	$370M	$372M	$149M	$324M	$723M	$519M	$246M	$986M	$320M	$653M	$440M	$759M	$363M	$473M	$403M
Income Tax	$158M	$50M	$96M	$86M	$99M	$-74M	$72M	$65M	$189M	$-29M	$135M	$33M	$172M	$-33M	$74M	$88M
Net Income	$435M	$320M	$276M	$63M	$224M	$797M	$446M	$181M	$797M	$349M	$519M	$407M	$587M	$396M	$399M	$316M
EBITDA	$774M	·	$562M	$317M	·	·	$726M	$398M	$1.17B	·	$839M	$662M	$898M	·	$651M	$550M

Balance Sheet 30

Quarterly Balance Sheet data for HSY
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q4 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Receivables	$975M	$730M	$966M	$820M	$880M	$800M	$1.14B	$846M	$1.21B	·	$1.13B	$764M	$857M	·	$929M	$654M
Inventory	$1.43B	$1.43B	$1.71B	$1.84B	$1.47B	$1.25B	$1.30B	$1.46B	$1.14B	·	$1.35B	$1.39B	$1.18B	·	$1.18B	$1.21B
Prepaid Expense	$488M	$504M	$561M	$851M	$942M	$974M	$492M	$563M	$523M	·	$244M	$285M	$229M	·	$251M	$226M
Other Current Assets	$324M	$303M	$427M	$714M	$777M	$704M	$377M	$397M	$394M	·	$110M	$115M	$116M	·	$156M	$130M
Current Assets	$3.77B	$3.59B	$4.40B	$4.43B	$4.80B	$3.76B	$3.55B	$3.34B	$3.39B	·	$3.19B	$2.88B	$2.73B	·	$2.69B	$2.43B
PP&E (Net)	$3.49B	·	$3.43B	$3.44B	$3.44B	·	$3.39B	$3.37B	$3.33B	·	$3.16B	$3.01B	$2.82B	·	$2.62B	$2.59B
PP&E (Gross)	$7.18B	$7.14B	$6.98B	$6.93B	$6.86B	$6.81B	$6.69B	$6.61B	$6.53B	·	$6.23B	$6.03B	$5.82B	·	$5.54B	$5.47B
Accum. Depreciation	$3.69B	·	$3.55B	$3.49B	$3.42B	·	$3.30B	$3.24B	$3.20B	·	$3.08B	$3.02B	$3.00B	·	$2.92B	$2.88B
Goodwill	$2.99B	$3.00B	$2.71B	$2.71B	$2.71B	$2.71B	$2.69B	$2.69B	$2.69B	$2.70B	$2.69B	$2.70B	$2.61B	$2.61B	$2.60B	$2.62B
Intangibles	$2.45B	$2.48B	$1.89B	$1.91B	$1.85B	$1.87B	$1.82B	$1.84B	$1.86B	·	$1.91B	$1.93B	$1.95B	·	$1.99B	$2.01B
Other Non-current Assets	$1.11B	$1.12B	$1.11B	$1.11B	$1.13B	$1.11B	$1.13B	$1.14B	$1.07B	·	$950M	$962M	$965M	·	$888M	$905M
Total Assets	$13.84B	$13.74B	$13.58B	$13.65B	$13.97B	$12.95B	$12.62B	$12.42B	$12.39B	·	$11.94B	$11.53B	$11.11B	·	$10.83B	$10.59B
Accounts Payable	$1.30B	$1.26B	$1.46B	$1.45B	$1.42B	$1.16B	$1.21B	$1.14B	$946M	·	$1.09B	$1.01B	$1.00B	·	$915M	$876M
Accrued Liabilities	$926M	$971M	$952M	$876M	$827M	$807M	$807M	$784M	$872M	·	$969M	$828M	$780M	·	$845M	$737M
Short-term Debt	$169M	$219M	$215M	$165M	$145M	$1.31B	$1.20B	$1.32B	$1.29B	·	$820M	$860M	$603M	·	$794M	$915M
Current Liabilities	$3.04B	$3.01B	$3.23B	$2.89B	$3.02B	$3.93B	$4.20B	$3.89B	$3.49B	·	$2.94B	$2.73B	$3.28B	·	$3.39B	$3.30B
Capital Leases	$274M	$286M	$300M	$310M	$320M	$305M	$314M	$308M	$276M	·	$284M	$291M	$289M	·	$296M	$303M
Deferred Tax	$706M	$680M	$471M	$409M	$413M	$424M	$323M	$331M	$339M	·	$304M	$304M	$318M	·	$270M	$292M
Other Non-current Liabilities	$677M	$732M	$639M	$652M	$676M	$688M	$709M	$700M	$664M	·	$642M	$715M	$712M	·	$751M	$764M
Total Liabilities	$9.11B	$9.10B	$9.01B	$9.13B	$9.28B	$8.23B	$8.42B	$8.41B	$8.28B	·	$7.97B	$7.83B	$7.65B	·	$7.75B	$7.70B
Long-term Debt	$5.19B	·	$5.18B	$5.48B	$5.78B	·	$4.09B	$4.09B	$4.10B	·	$4.09B	$4.09B	$4.10B	·	$4.09B	$4.09B
Total Debt	$5.36B	·	$5.39B	$5.64B	·	·	$5.29B	$5.42B	$5.39B	·	·	·	·	·	·	·
Common Stock	$167M	$167M	$167M	$167M	$167M	$167M	$167M	$167M	$167M	·	$167M	$167M	$164M	·	$163M	$163M
Paid-in Capital	$1.44B	$1.43B	$1.41B	$1.39B	$1.37B	$1.38B	$1.34B	$1.33B	$1.32B	·	$1.32B	$1.30B	$1.29B	·	$1.28B	$1.26B
Retained Earnings	$5.64B	$5.50B	$5.45B	$5.44B	$5.65B	$5.70B	$5.17B	$5.00B	$5.09B	·	$4.45B	$4.17B	$3.97B	·	$3.40B	$3.21B
Treasury Stock	$2.32B	$2.26B	$2.26B	$2.27B	$2.27B	$2.28B	$2.28B	$2.28B	$2.29B	·	$1.78B	$1.78B	$1.78B	·	$1.52B	$1.53B
AOCI	$-250M	$-247M	$-250M	$-270M	$-291M	$-304M	$-252M	$-252M	$-231M	·	$-251M	$-221M	$-238M	·	$-296M	$-268M
Stockholders' Equity	$4.73B	$4.64B	$4.56B	$4.51B	$4.68B	$4.71B	$4.20B	$4.01B	$4.11B	$4.10B	$3.97B	$3.69B	$3.46B	$3.30B	$3.08B	$2.89B
Liabilities + Equity	$13.84B	$13.74B	$13.58B	$13.65B	$13.97B	$12.95B	$12.62B	$12.42B	$12.39B	·	$11.94B	$11.53B	$11.11B	·	$10.83B	$10.59B
Shares Outstanding	·	202,839,656	·	·	·	202,383,069	·	·	·	204,392,926	·	·	·	204,964,717	·	·

Cash Flow 18

Quarterly Cash Flow data for HSY
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q4 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
D&A	$133M	$133M	$128M	$124M	$120M	$124M	$113M	$110M	$108M	$117M	$103M	$102M	$98M	$100M	$94M	$94M
Stock-based Comp	$17M	$19M	$15M	$17M	$14M	$12M	$15M	$12M	$6M	$25M	$21M	·	$19M	$15M	$18M	·
Amort. of Intangibles	$25M	$22M	$21M	$21M	$21M	$26M	$20M	$20M	$20M	$29M	$20M	$21M	$19M	$20M	$20M	$20M
Restructuring	$13M	$8M	$11M	$15M	$26M	$13M	$49M	$39M	$17M	$0	$-426.0K	$2M	$2M	$2M	$393.0K	$699.0K
Other Non-cash	$-116M	·	·	·	·	·	·	·	$-342M	·	·	·	$51M	·	·	·
Operating Cash Flow	$469M	$927M	$842M	$112M	$397M	$942M	$695M	$326M	$569M	$758M	$516M	·	$755M	$768M	$446M	·
CapEx	$115M	$138M	$86M	$85M	$146M	$135M	$128M	$130M	$213M	$223M	$218M	·	$176M	$159M	$119M	·
Investing Cash Flow	$-117M	$-897M	$-80M	$-155M	$-147M	$-411M	$-160M	$-162M	$-228M	$-463M	$-220M	·	$-188M	$-277M	$-159M	·
Debt Issued	$0	$0	$0	$-1M	$1.99B	$0	$0	$0	$0	$0	$0	·	·	$0	$0	·
Net Debt Issued	$-2M	·	·	·	·	·	·	·	$-2M	·	·	·	$-1M	·	·	·
Stock Repurchased	$69M	$0	$0	$0	$0	$0	$0	$0	$494M	$25M	$0	·	$240M	$34M	$0	·
Net Stock Activity	$-69M	·	·	·	·	·	·	·	$-494M	·	·	·	$-240M	·	·	·
Dividends Paid	$288M	$271M	$271M	$271M	$272M	$270M	$270M	$271M	$273M	$238M	$238M	·	$207M	$207M	$207M	·
Financing Cash Flow	$-403M	$-267M	$-514M	$-560M	$537M	$-450M	$-394M	$-231M	$-222M	$-364M	$-278M	·	$-552M	$-340M	$-321M	·
Net Change in Cash	$-49M	$-237M	$251M	$-603M	$785M	$116M	$148M	$-53M	$119M	$-69M	$25M	·	$-4M	$136M	$-12M	·
Taxes Paid	$24M	$30M	$45M	$27M	$39M	$21M	$15M	$134M	$31M	$39M	$35M	·	$12M	$31M	$18M	·
Free Cash Flow	$354M	·	·	·	·	·	·	·	$356M	·	·	·	$579M	·	·	·
Levered FCF	$314M	·	·	·	·	·	·	·	$322M	·	·	·	$549M	·	·	·

Profitability 8

Quarterly Profitability data for HSY
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q4 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Gross Margin	39.4%	·	32.6%	30.4%	·	·	41.3%	40.2%	51.5%	·	44.9%	45.5%	46.3%	·	40.6%	42.1%
Operating Margin	20.6%	·	13.7%	7.4%	·	·	20.5%	13.9%	32.5%	·	24.3%	22.5%	26.8%	·	20.4%	19.2%
Net Margin	14.0%	·	8.7%	2.4%	·	·	14.9%	8.7%	24.5%	·	17.1%	16.3%	19.7%	·	14.6%	13.3%
Pretax Margin	19.1%	·	11.7%	5.7%	·	·	17.4%	11.8%	30.3%	·	21.6%	17.6%	25.4%	·	17.3%	17.0%
EBITDA Margin	24.9%	·	17.7%	12.1%	·	·	24.3%	19.2%	35.8%	·	27.7%	26.6%	30.1%	·	23.9%	23.2%
ROA	3.1%	·	2.1%	0.48%	·	·	3.6%	1.5%	6.8%	·	·	·	·	·	·	·
ROE	9.2%	·	6.3%	1.5%	·	·	10.9%	4.7%	21.1%	·	·	·	·	·	·	·
ROIC	4.7%	·	3.2%	0.80%	·	·	5.6%	2.2%	9.0%	·	·	·	·	·	·	·

Liquidity & Solvency 5

Quarterly Liquidity & Solvency data for HSY
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q4 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Current Ratio	1.2	·	1.4	1.5	·	·	0.8	0.9	1.0	·	·	·	·	·	·	·
Quick Ratio	0.3	·	0.3	0.3	·	·	0.3	0.2	0.3	·	·	·	·	·	·	·
Debt / Equity	1.1	·	1.2	1.3	·	·	1.3	1.4	1.3	·	·	·	·	·	·	·
LT Debt / Equity	1.0	·	1.0	1.1	·	·	0.8	0.9	0.9	·	·	·	·	·	·	·
Interest Coverage	11.7	·	7.3	3.4	·	·	13.2	6.5	25.4	·	17.6	14.0	20.3	·	15.4	13.5

Efficiency 3

Quarterly Efficiency data for HSY
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q4 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Asset Turnover	0.2	·	0.2	0.2	·	·	0.2	0.2	0.3	·	·	·	·	·	·	·
Inventory Turnover	1.3	·	1.4	1.1	·	·	1.3	0.9	1.4	·	·	·	·	·	·	·
Receivables Turnover	3.3	·	3.0	3.1	·	·	2.6	2.6	3.2	·	·	·	·	·	·	·

Per Share 2

Quarterly Per Share data for HSY
Metric	Trend	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q4 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Dividend Paid / Share		$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1
EPS (TTM)		$1.99	·	$1.99	$1.99	$1.99	·	$1.99	$1.99	$1.99	·	$1.99	$1.99	$1.99	·	$1.99	$1.99

Valuation (TTM) 5

Quarterly Valuation (TTM) data for HSY
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q4 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Revenue TTM	$11.71B	·	$11.59B	$10.48B	$11.12B	·	$11.34B	$10.85B	$11.76B	·	$11.24B	$10.58B	$10.75B	·	$10.13B	$9.39B
Net Income TTM	$998M	·	$1.01B	$914M	$1.65B	·	$1.94B	$1.90B	$2.31B	·	$1.91B	$1.71B	$1.84B	·	$1.69B	$1.60B
P/E	107.4	·	94.5	83.9	85.4	·	97.2	92.4	97.7	·	100.5	125.5	127.8	·	110.8	111.1
Earnings Yield	0.93%	·	1.1%	1.2%	1.2%	·	1.0%	1.1%	1.0%	·	0.99%	0.80%	0.78%	·	0.90%	0.90%
Payout Ratio	66.2%	·	·	·	·	·	·	·	34.3%	·	·	·	35.3%	·	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$11.69B	$11.20B	$11.16B	$10.42B	$8.97B
Gross Margin %	33.6%	47.3%	44.8%	43.2%	45.1%
Operating Margin %	12.3%	25.9%	22.9%	21.7%	22.8%
Net Income	$883M	$2.22B	$1.86B	$1.64B	$1.48B

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.0	0.3	0.2	0.2	0.3
Current Ratio	1.2	1.0	1.0	0.8	0.9
Quick Ratio	0.2	0.2	0.3	0.2	0.3

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$1.82B	$1.93B	$1.55B	$1.81B	$1.59B

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HSY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

HSY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

Moving averages & overlays

Volume

Oscillators

Momentum & trend

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Dividends Yield, payout ratio, dividend history, 5Y CAGR

HSY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Peer Comparison Key metrics vs sector peers

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Latest News Recent headlines mentioning this company

My Metrics Your personal watchlist — selected rows from Full Fundamentals