The Hershey Company HSY SPX
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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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
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
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
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).
| # | Name | CMP $ | P/E | Mkt Cap | Div 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% |
Quarterly Results
Figures in USD.
| Metric | Oct 2015 | Dec 2015 | Apr 2016 | Jul 2016 | Oct 2016 | Dec 2016 | Apr 2017 | Jul 2017 | Oct 2017 | Dec 2017 | Apr 2018 | Jul 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Apr 2021 | Jul 2021 | Oct 2021 | Apr 2022 | Jul 2022 | Oct 2022 | Apr 2023 | Jul 2023 | Oct 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 2.08B | - | 2.02B | 1.77B | 2.13B | - | 2.04B | 1.71B | 2.22B | - | 2.30B | 1.99B | 2.36B | 2.67B | 2.37B | 2.73B | 2.99B | 2.49B | 3.03B | 3.25B | 2.07B | 2.99B | - | 2.81B | 2.61B | 3.18B | 3.09B | 3.10B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.86B | 1.82B | 2.14B | 1.95B | 1.88B |
| Gross Profit | 868.71M | 877.72M | 817.38M | 747.40M | 850.85M | 742.27M | 909.35M | 765.85M | 942.94M | 837.24M | 974.06M | 793.42M | 863.49M | 944.35M | 892.50M | 874.74M | 943.32M | 911.91M | 866.62M | 792.55M | 1.08B | 962.07M | 1.05B | 925.45M | 1.06B | 1.25B | 1,000.00M | 1.11B | 1.38B | 1.13B | 1.36B | 1.68B | 833.75M | 1.23B | - | 944.27M | 796.27M | 1.04B | 1.14B | 1.22B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 558.67M | 603.21M | 600.54M | 698.15M | 576.04M |
| Operating Income | 303.01M | - | 339.51M | 262.76M | 374.02M | - | 197.24M | 320.49M | 461.46M | - | 480.51M | 315.72M | 406.26M | - | 438.87M | 410.07M | 460.81M | - | 382.80M | 383.37M | 611.41M | - | 553.04M | 456.68M | 574.83M | 720.99M | 456.53M | 556.62M | 799.92M | 560.66M | 735.95M | 1.06B | 287.82M | 613.16M | - | 385.60M | 193.07M | 436.79M | 446.67M | 646.69M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 493.82M | 330.22M | 558.89M | 559.77M | 780.45M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50.61M | 57.28M | 59.20M | 57.72M | 54.75M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 323.65M | 149.11M | 371.91M | 369.53M | 592.70M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 99.45M | 86.39M | 95.59M | 49.52M | 157.59M |
| Net Income | 140.27M | 227.89M | 229.83M | 145.96M | 227.40M | 116.85M | 125.04M | 203.50M | 273.30M | 181.13M | 350.20M | 226.85M | 263.71M | 336.79M | 304.36M | 312.84M | 325.31M | 207.19M | 271.14M | 268.90M | 447.28M | 291.39M | 395.80M | 301.23M | 444.93M | 533.48M | 315.56M | 399.49M | 587.18M | 406.98M | 518.58M | 797.45M | 180.89M | 446.30M | - | 224.20M | 62.72M | 276.32M | 320.02M | 435.11M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10 | 0.31 | 1.36 | 1.57 | 2.13 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | 7.52B | 7.79B | 7.99B | 8.15B | - | 10.42B | 11.16B | 11.20B | 11.69B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.92B | 6.17B | 5.90B | 7.77B |
| Gross Profit | - | - | - | - | - | - | - | 3.34B | 3.38B | 3.17B | 3.46B | 3.58B | 3.62B | 3.70B | - | 4.50B | 5.00B | 5.30B | 3.92B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.24B | 2.44B | 2.37B | 2.46B |
| Operating Income | - | - | - | - | - | 1.71B | 1.34B | 1.39B | 1.04B | 1.26B | 1.31B | 1.62B | 1.60B | 1.78B | - | 2.26B | 2.56B | 2.93B | 1.46B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.44B | 2.75B | 3.10B | 1.94B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 140.09M | 161.51M | 174.32M | 224.81M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.92B | 2.17B | 2.47B | 1.21B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 272.25M | 310.08M | 252.70M | 330.95M |
| Net Income | 214.15M | 311.40M | 435.99M | 509.80M | 628.96M | 660.93M | 820.47M | 846.91M | 512.95M | 720.04M | 782.98M | 1.18B | 1.15B | 1.28B | - | 1.64B | 1.86B | 2.22B | 883.26M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.96 | 9.06 | 10.92 | 4.34 |
| R&D Expense | - | 28.10M | 28.10M | 31.10M | 33.20M | 38.96M | 47.64M | 47.55M | 49.28M | 47.27M | 45.85M | 38.52M | 37.15M | 37.58M | 40.11M | 46.94M | 50.03M | 55.80M | 61.66M |
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 2006 | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 3.63B | 3.68B | 4.27B | 4.41B | 4.75B | 5.36B | 5.62B | 5.34B | 5.52B | 5.55B | 7.70B | 8.14B | 9.13B | - | 10.95B | 11.90B | 12.95B | 13.74B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.25B | 2.62B | 2.91B | 3.76B | - |
| Cash & Equivalents | 97.14M | 129.20M | 37.10M | 253.60M | 884.64M | 693.69M | 728.27M | 1.12B | 374.85M | 346.53M | 296.97M | 380.18M | 588.00M | - | - | - | 463.89M | 401.90M | 730.75M | 925.86M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.17B | 1.34B | 1.25B | 1.43B |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 711.20M | 823.62M | 800.40M | 729.55M |
| Total Liabilities | - | - | 3.28B | 2.91B | 3.34B | 3.53B | 3.71B | 3.74B | 4.10B | 4.30B | 4.70B | 4.62B | 6.30B | 6.40B | 6.89B | - | 7.65B | 7.80B | 8.23B | 9.10B |
| Current Liabilities | - | - | 1.27B | 910.63M | 1.30B | 1.17B | 1.47B | 1.41B | 1.94B | 2.22B | 1.91B | 2.08B | 2.42B | 2.01B | 1.89B | - | 3.26B | 3.01B | 3.93B | 3.01B |
| Long Term Debt | - | - | - | - | - | 1.75B | 1.53B | 1.80B | 1.54B | 1.56B | 2.35B | 2.06B | 3.25B | 3.53B | 4.09B | - | 3.27B | 3.72B | 3.12B | 4.61B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.12B | 5.13B | 5.45B | 5.74B |
| Total Equity | - | - | 318.20M | 720.46M | 902.32M | 857.32M | 1.04B | 1.60B | 1.46B | 998.00M | 785.86M | 915.34M | 1.40B | 1.74B | 2.23B | - | 3.30B | 4.10B | 4.71B | 4.64B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 221.55M | 221.55M | 221.55M | 221.55M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 778.84M | 519.56M | 1.07B | 901.42M | 587.87M | 1.09B | 1.19B | 844.38M | 1.26B | 1.01B | 1.25B | 1.60B | 1.76B | 1.70B | - | 2.33B | 2.32B | 2.53B | 2.28B |
| 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 | -843.77M | 116.11M | -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 | 589.14M | 256.92M | 939.42M | 721.88M | 263.91M | 836.10M | 867.85M | 473.59M | 899.50M | 743.95M | 991.84M | 1.27B | 1.45B | 1.26B | - | 1.81B | 1.55B | 1.93B | 1.75B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 124.74M | -23.74M | 274.78M | 195.29M |
| Share Buybacks | 256.29M | 60.36M | 9.31M | 169.10M | 384.51M | 510.63M | 305.56M | 576.75M | 582.62M | 592.55M | 300.31M | 247.50M | 527.21M | 211.20M | 457.95M | 388.96M | 264.91M | 494.19M | 0 |
Ratios (Annual)
Figures in %.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 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 |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for HSY