Hershey

US · HSY #648 by market cap Listed 1970

160.34 -0.46 -0.29%

Live - 5344 symbols - heartbeat 195s ago · 2026-10-08 08:34

Pre-market 161.45 +0.69%

After-hours 161.10 +0.47%

Market cap: 32.22B
P/E (TTM): 21.90
P/B: 7.06
EPS: 4.34
Div yield: 3.52%
52W pos: 5%

Reader sentiment Are you bullish or bearish on HSY?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Good

Altman Z-Score is 3.94, above the 3.0 "safe zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +4.38% YoY

Margins

Gross margin: 33.55%
Operating margin: 12.50%
Net margin: 7.55%

Key ratios & quality

Enterprise value: 36.67B
Altman Z-Score: 3.94

Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	7.79B	7.99B	8.15B	8.97B	10.42B	11.16B	11.20B	11.69B
Gross profit	3.58B	3.62B	3.70B	4.05B	4.50B	5.00B	5.30B	3.92B
Selling & admin expenses	1.87B	1.91B	1.89B	2.00B	2.24B	2.44B	2.37B	2.46B
Research & development	--	--	--	--	--	--	--	--
Operating profit	1.70B	1.72B	1.81B	2.05B	2.26B	2.56B	2.93B	1.46B
Pretax profit	1.41B	1.38B	1.49B	1.80B	1.92B	2.17B	2.47B	1.21B
Tax	239.01M	234.03M	219.58M	314.41M	272.25M	310.08M	252.70M	330.95M
Net profit	1.17B	1.15B	1.28B	1.48B	1.64B	1.86B	2.22B	883.26M
Basic EPS	6	6	6	7	8	9	11	4
Diluted EPS	5.58	5.46	6.11	7.11	7.96	9.06	10.92	4.34

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	2.81B	2.61B	3.18B	3.09B	3.10B	2.79B
Gross profit	944.27M	796.27M	1.04B	1.14B	1.22B	1.26B
Selling & admin expenses	558.67M	603.21M	600.54M	698.15M	576.04M	620.55M
Research & development	--	--	--	--	--	--
Operating profit	385.60M	193.07M	436.79M	446.67M	646.69M	642.76M
Pretax profit	323.65M	149.11M	371.91M	369.53M	592.70M	588.28M
Tax	99.45M	86.39M	95.59M	49.52M	157.59M	130.62M
Net profit	224.20M	62.72M	276.32M	320.02M	435.11M	457.67M
Basic EPS	1	0	1	2	2	2
Diluted EPS	1.10	0.31	1.36	1.57	2.13	2.26

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	2.24B	2.12B	2.98B	2.25B	2.62B	2.91B	3.76B	3.59B
Cash & ST investments	588.00M	493.26M	1.14B	329.27M	463.89M	401.90M	730.75M	925.86M
Inventory	784.88M	815.25M	964.21M	988.51M	1.17B	1.34B	1.25B	1.43B
Total assets	7.70B	8.14B	9.13B	10.41B	10.95B	11.90B	12.95B	13.74B
Total current liabilities	2.42B	2.01B	1.89B	2.49B	3.26B	3.01B	3.93B	3.01B
Short-term debt	1.20B	764.88M	549.45M	978.56M	1.48B	1.06B	1.95B	771.46M
Long-term debt	3.25B	3.46B	4.01B	4.02B	3.27B	3.72B	3.12B	4.61B
Total liabilities	6,295,754,000.00	6,395,401,000.00	6,893,962,000.00	7,655,002,000.00	7,649,276,000.00	7,803,855,000.00	8,232,207,000.00	9,104,547,000.00
Total equity	1.41B	1.74B	2.24B	2.76B	3.30B	4.10B	4.71B	4.64B
Retained earnings	7.03B	1.29B	1.93B	2.72B	3.59B	4.56B	5.70B	5.50B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	4.80B	4.43B	4.40B	3.59B	3.77B	3.96B
Cash & ST investments	1.52B	912.35M	1.16B	925.86M	876.98M	791.21M
Inventory	1.47B	1.84B	1.71B	1.43B	1.43B	1.74B
Total assets	13.97B	13.65B	13.58B	13.74B	13.84B	13.97B
Total current liabilities	3.02B	2.89B	3.23B	3.01B	3.04B	3.35B
Short-term debt	793.93M	514.53M	763.58M	771.46M	723.21M	976.50M
Long-term debt	5.18B	5.18B	4.68B	4.61B	4.61B	4.61B
Total liabilities	9,282,868,000.00	9,131,119,000.00	9,014,980,000.00	9,104,547,000.00	9,107,445,000.00	9,410,362,000.00
Total equity	4.68B	4.51B	4.56B	4.64B	4.73B	4.56B
Retained earnings	5.65B	5.44B	5.45B	5.50B	5.64B	5.81B

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	1.60B	1.76B	1.70B	2.08B	2.33B	2.32B	2.53B	2.28B
Depreciation & amortization	295.14M	291.54M	294.91M	315.00M	378.96M	419.82M	455.26M	503.70M
Free cash flow	1.27B	1.45B	1.26B	1.59B	1.81B	1.55B	1.93B	1.75B
Dividends paid	-562.52M	-610.31M	-640.73M	-685.99M	-775.03M	-889.07M	-1.08B	-1.09B
Stock buybacks / issuance	-247.50M	-527.21M	-211.20M	-457.95M	-388.96M	-264.91M	-494.19M	0
Ending cash balance	588.00M	493.26M	1.14B	329.27M	463.89M	401.90M	730.75M	925.86M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	396.68M	112.22M	841.92M	926.55M	468.81M	419.32M
Depreciation & amortization	119.56M	123.83M	127.78M	132.52M	133.00M	136.10M
Free cash flow	251.16M	-46.47M	755.99M	788.47M	354.21M	329.49M
Dividends paid	-271.59M	-271.23M	-271.13M	-271.34M	-288.00M	-286.40M
Stock buybacks / issuance	0	0	0	0	-69.27M	-370.08M
Ending cash balance	1.52B	912.35M	1.16B	925.86M	876.98M	791.21M

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	101.77	73.28	64.36	59.20	54.31	50.33	50.40	18.89
ROA %	17.77	14.51	14.81	15.12	15.40	16.29	17.88	6.62
ROIC %	26.68	21.03	21.19	20.84	21.30	22.58	24.45	9.95
5-year avg ROE %	74.35	77.93	82.44	78.13	70.59	60.30	55.72	46.63
EBIT margin %	19.98	19.19	20.23	21.48	19.74	20.90	23.64	12.31
FCF / sales %	16.32	18.10	15.44	17.69	17.36	13.90	17.19	14.96
Current ratio	0.93	1.05	1.57	0.90	0.80	0.97	0.96	1.19
Quick ratio	0.49	0.53	0.93	0.40	0.36	0.41	0.39	0.55
Debt / assets	57.87	55.03	52.79	51.63	46.74	43.06	42.08	41.76
LT debt / equity	232.66	213.60	191.18	159.49	110.28	99.20	74.13	107.13
Interest coverage	10.60	10.08	10.74	14.84	14.68	14.45	15.19	6.40
Revenue CAGR (3Y) %	1.79	2.39	2.74	4.81	9.27	11.06	7.68	3.92
Net income CAGR (3Y) %	31.92	16.88	17.76	7.86	12.68	13.34	14.56	-18.72
FCF CAGR (3Y) %	12.23	24.79	8.25	7.67	7.75	7.25	6.66	-1.10

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	37.48	35.89	31.01	18.89	23.23	32.81
ROA %	12.50	11.74	10.38	6.62	7.87	10.78
ROIC %	17.35	16.62	15.06	9.95	11.58	15.65
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	18.55	16.92	15.46	12.31	14.28	17.67
FCF / sales %	16.93	13.98	15.39	14.96	15.45	18.32
Current ratio	1.59	1.53	1.36	1.19	1.24	1.18
Quick ratio	0.79	0.60	0.66	0.55	0.61	0.51
Debt / assets	45.04	43.98	42.27	41.76	41.04	42.39
LT debt / equity	117.33	121.52	109.03	107.13	104.73	108.42
Interest coverage	10.88	9.74	8.50	6.40	7.48	9.45
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Single-engine

North America Confectionery is the largest reported line at 77.98% of revenue, across 3 reported segments.
The next-largest line, North America Salty Snacks, is a distant second at 13.91% - a sharp slowdown here would have little to offset it.

Revenue breakdown most recent period

Business

North America Confectionery77.98%

North America Salty Snacks13.91%

International8.10%

Quote time 2026-10-08 08:34:14 · For reference only, not investment advice and not tailored to your situation.