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The Hershey Company HSY SPX

Consumer Defensive · Confectioners · United States
https://www.thehersheycompany.com

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.

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$194.03
+24.36% 1Y

Market & Price

Market Cap
$39.36B
Current Price
$194.03
High / Low (52W)
$234.48 / $156.02
Beta
0.07

Valuation

Stock P/E
36.13
Industry PE
18.88
Forward P/E
19.56
PEG Ratio
1.12
Book Value
$23.34
Price to Book
8.31
P/S
3.28
EV/EBITDA
19.53
Dividend Yield
2.99%

Profitability & Returns

ROCE
13.41%
ROE
23.23%
ROA
7.84%
Profit Margin
9.12%
Op Margin
21.34%
EPS (Latest Qtr)
$2.13
EPS (TTM)
$5.37

Balance Sheet & Liquidity

Debt/Equity
1.20
Quick Ratio
0.61
Current Ratio
1.24
Debt
$5.68B
Total Assets
$13.74B
Current Assets
$3.76B
Working Capital
$747.56M

Ownership

Promoter Holding
0.30%
Chg in Prom Hold
-
FII / Inst Holding
87.98%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$44.16B
Total Revenue (TTM)
$11.99B
EBITDA
$2.26B
Free Cash Flow
$1.53B
Operating Cash Flow
$2.35B
Shares Outstanding
148.23M
Gross Margin
35.03%
Payout Ratio
103.58%

Growth (CAGR)

Revenue 5Y
3.92%
Profit 5Y
-18.72%
Revenue (YoY)
10.60%
Earnings (YoY)
93.60%

PROS

  • Strong return on equity of 23.2%.
  • Attractive dividend yield of 2.99%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Earnings shrank at -18.7% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Defensive).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HSY The Hershey Company SPX 194.03 36.13 $39.36B 2.99% 13.41% 23.23% 3.92% -18.72%
2 WMT Walmart Inc. SPX 115.75 40.76 $922.64B 0.86% 18.21% 24.13% 5.27% 23.30%
3 COST Costco Wholesale Corporation NDXSPX 956.32 49.76 $424.27B 0.61% 27.44% 29.65% 6.64% 11.49%
4 KO The Coca-Cola Company SPX 79.01 24.85 $339.94B 2.68% 21.13% 43.37% 3.69% 11.16%
5 PG The Procter & Gamble Company SPX 143.56 21.02 $334.29B 2.97% 23.63% 31.11% 1.67% 2.71%
6 PM Philip Morris International Inc. SPX 177.38 24.98 $276.46B 3.31% 35.35% - 8.57% 7.84%
7 PEP PepsiCo, Inc. NDXSPX 144.19 22.64 $197.10B 4.11% 15.23% 43.88% 2.83% -2.57%
8 MO Altria Group, Inc. SPX 69.58 14.53 $116.19B 6.09% 40.85% - -0.89% 6.42%
9 MNST Monster Beverage Corporation NDXSPX 88.08 42.55 $86.14B - 28.33% 26.65% 9.54% 16.94%
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Quarterly Results

Figures in USD.

Metric Oct 2015Dec 2015Apr 2016Jul 2016Oct 2016Dec 2016Apr 2017Jul 2017Oct 2017Dec 2017Apr 2018Jul 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Apr 2021Jul 2021Oct 2021Apr 2022Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ------------2.08B-2.02B1.77B2.13B-2.04B1.71B2.22B-2.30B1.99B2.36B2.67B2.37B2.73B2.99B2.49B3.03B3.25B2.07B2.99B-2.81B2.61B3.18B3.09B3.10B
Cost of Revenue -----------------------------------1.86B1.82B2.14B1.95B1.88B
Gross Profit 868.71M877.72M817.38M747.40M850.85M742.27M909.35M765.85M942.94M837.24M974.06M793.42M863.49M944.35M892.50M874.74M943.32M911.91M866.62M792.55M1.08B962.07M1.05B925.45M1.06B1.25B1,000.00M1.11B1.38B1.13B1.36B1.68B833.75M1.23B-944.27M796.27M1.04B1.14B1.22B
Operating Expenses -----------------------------------558.67M603.21M600.54M698.15M576.04M
Operating Income 303.01M-339.51M262.76M374.02M-197.24M320.49M461.46M-480.51M315.72M406.26M-438.87M410.07M460.81M-382.80M383.37M611.41M-553.04M456.68M574.83M720.99M456.53M556.62M799.92M560.66M735.95M1.06B287.82M613.16M-385.60M193.07M436.79M446.67M646.69M
EBITDA -----------------------------------493.82M330.22M558.89M559.77M780.45M
Interest Expense -----------------------------------50.61M57.28M59.20M57.72M54.75M
Pretax Income -----------------------------------323.65M149.11M371.91M369.53M592.70M
Tax Provision -----------------------------------99.45M86.39M95.59M49.52M157.59M
Net Income 140.27M227.89M229.83M145.96M227.40M116.85M125.04M203.50M273.30M181.13M350.20M226.85M263.71M336.79M304.36M312.84M325.31M207.19M271.14M268.90M447.28M291.39M395.80M301.23M444.93M533.48M315.56M399.49M587.18M406.98M518.58M797.45M180.89M446.30M-224.20M62.72M276.32M320.02M435.11M
Diluted EPS -----------------------------------1.100.311.361.572.13

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ----------7.52B7.79B7.99B8.15B-10.42B11.16B11.20B11.69B
Cost of Revenue ---------------5.92B6.17B5.90B7.77B
Gross Profit -------3.34B3.38B3.17B3.46B3.58B3.62B3.70B-4.50B5.00B5.30B3.92B
Operating Expenses ---------------2.24B2.44B2.37B2.46B
Operating Income -----1.71B1.34B1.39B1.04B1.26B1.31B1.62B1.60B1.78B-2.26B2.56B2.93B1.46B
EBITDA ---------------2.44B2.75B3.10B1.94B
Interest Expense ---------------140.09M161.51M174.32M224.81M
Pretax Income ---------------1.92B2.17B2.47B1.21B
Tax Provision ---------------272.25M310.08M252.70M330.95M
Net Income 214.15M311.40M435.99M509.80M628.96M660.93M820.47M846.91M512.95M720.04M782.98M1.18B1.15B1.28B-1.64B1.86B2.22B883.26M
Diluted EPS ---------------7.969.0610.924.34
R&D Expense -28.10M28.10M31.10M33.20M38.96M47.64M47.55M49.28M47.27M45.85M38.52M37.15M37.58M40.11M46.94M50.03M55.80M61.66M

Compounded Sales Growth

5 Years:3.92%
1 Year:10.60%

Compounded Profit Growth

5 Years:-18.72%
1 Year:93.60%

Stock Price Performance

1 Year:+24.36%
6 Months:+5.38%
3 Months:-17.25%
1 Month:+3.36%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2006Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --3.63B3.68B4.27B4.41B4.75B5.36B5.62B5.34B5.52B5.55B7.70B8.14B9.13B-10.95B11.90B12.95B13.74B
Current Assets ---------------2.25B2.62B2.91B3.76B-
Cash & Equivalents 97.14M129.20M37.10M253.60M884.64M693.69M728.27M1.12B374.85M346.53M296.97M380.18M588.00M---463.89M401.90M730.75M925.86M
Inventory ----------------1.17B1.34B1.25B1.43B
Receivables ----------------711.20M823.62M800.40M729.55M
Total Liabilities --3.28B2.91B3.34B3.53B3.71B3.74B4.10B4.30B4.70B4.62B6.30B6.40B6.89B-7.65B7.80B8.23B9.10B
Current Liabilities --1.27B910.63M1.30B1.17B1.47B1.41B1.94B2.22B1.91B2.08B2.42B2.01B1.89B-3.26B3.01B3.93B3.01B
Long Term Debt -----1.75B1.53B1.80B1.54B1.56B2.35B2.06B3.25B3.53B4.09B-3.27B3.72B3.12B4.61B
Total Debt ----------------5.12B5.13B5.45B5.74B
Total Equity --318.20M720.46M902.32M857.32M1.04B1.60B1.46B998.00M785.86M915.34M1.40B1.74B2.23B-3.30B4.10B4.71B4.64B
Shares Outstanding ----------------221.55M221.55M221.55M221.55M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 778.84M519.56M1.07B901.42M587.87M1.09B1.19B844.38M1.26B1.01B1.25B1.60B1.76B1.70B-2.33B2.32B2.53B2.28B
Investing Cash Flow -304.35M-198.20M-150.33M-199.29M-340.00M-473.37M-351.58M-862.57M-477.25M-595.45M-328.66M-1.50B-780.48M-531.28M--787.38M-1.20B-960.31M-1.28B
Financing Cash Flow ----71.10M-438.82M-586.87M-446.59M-719.30M-797.02M-464.40M-843.77M116.11M-1.08B-499.23M--1.42B-1.15B-1.30B-803.36M
Capital Expenditure -189.70M-262.64M-126.32M-179.54M-323.96M-258.73M-323.55M-370.79M-356.81M-269.48M-257.68M-328.60M-318.19M-441.63M--519.48M-771.11M-605.94M-528.22M
Free Cash Flow 589.14M256.92M939.42M721.88M263.91M836.10M867.85M473.59M899.50M743.95M991.84M1.27B1.45B1.26B-1.81B1.55B1.93B1.75B
Net Change in Cash ---------------124.74M-23.74M274.78M195.29M
Share Buybacks 256.29M60.36M9.31M169.10M384.51M510.63M305.56M576.75M582.62M592.55M300.31M247.50M527.21M211.20M457.95M388.96M264.91M494.19M0

Ratios (Annual)

Figures in %.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ----------46.0%45.9%45.4%45.4%-43.2%44.8%47.3%33.5%
Operating Margin % ----------17.5%20.8%20.0%21.9%-21.7%22.9%26.1%12.5%
Net Margin % ----------10.4%15.1%14.4%15.7%-15.8%16.7%19.8%7.6%
ROE % -97.9%60.5%56.5%73.4%63.8%51.1%58.2%51.4%91.6%85.5%84.2%66.1%57.2%-49.8%45.4%47.1%19.0%
ROCE % -----52.0%33.9%37.8%33.2%34.7%37.8%30.7%26.0%24.6%-29.4%28.8%32.5%13.6%

Shareholding Pattern

Insiders
0.30%
Institutions
87.98%
Public Float
88.25%

Top Institutional Holders

#Holder% HeldSharesValue
1 Hershey Trust Company 38.16% 56.56M $10.97B
2 Blackrock Inc. 8.62% 12.78M $2.48B
3 Vanguard Capital Management LLC 6.49% 9.63M $1.87B
4 State Street Corporation 4.94% 7.32M $1.42B
5 Vanguard Portfolio Management LLC 4.86% 7.20M $1.40B
6 Charles Schwab Investment Management, Inc. 2.90% 4.30M $834.09M
7 Geode Capital Management, LLC 2.83% 4.20M $814.06M
8 Morgan Stanley 2.66% 3.94M $765.03M
9 Royal Bank of Canada 2.05% 3.04M $589.16M
10 FMR, LLC 2.02% 2.99M $580.23M

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