HSY

Hershey Company (The)
D

HSY

Arincen69/100B

If you had invested in Hershey Company (The) ago, it would be worth $2,270 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

69/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation7.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Hershey Company (The) key facts

Style
Dividend stock · 7.0/10Growth 5.7 · Value 6.6 · Dividend 7.0
Day range
174.440 – 176.060
52-week range
156.160 – 239.480
Market capitalization
35.24B USD
P/E
19.68
PEG ratio
1.00
EPS
8.91
Div Yield
3.31%
EPS growth forecast (FY2026)
+37.6%
Volume
2,428
Beta
0.09
ESG score
69.5/100Environment 71 · Social 64 · Governance 73
Sector
Consumer Defensive
Industry
Food Confectioners
CEO
Kirk C. Tanner
Employees
19K
IPO date
17 Mar 1980

Hershey Company (The) earnings

Next earnings · Q4 FY2026
EPS estimate
1.81 USD
Revenue estimate
3.13B USD
Last quarter · Q3 FY2026
EPS2.64Beat +25.1%Revenue3.28BBeat +0.8%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20272.65——+0.41%3.36B——+2.53%
Q2 FY20272.08——+9.58%2.85B——+2.08%
Q1 FY20272.74——+16.73%3.25B——+4.70%
Q4 FY20261.81——+5.85%3.13B——+1.14%
Q3 FY20262.112.64+25.12%+103.08%3.25B3.28B+0.79%+2.96%
Q2 FY20261.431.90+32.87%+57.02%2.63B2.79B+5.84%+6.60%
Q1 FY20262.042.35+15.20%+12.44%3.03B3.10B+2.52%+10.65%
Q4 FY20251.401.71+22.14%-36.43%2.98B3.09B+3.72%+7.05%
Q3 FY20251.071.30+21.50%-44.44%3.12B3.18B+2.04%+6.49%
Q2 FY20250.991.21+21.85%-4.72%2.52B2.61B+3.60%+26.04%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Hershey Company (The) analyst forecast

12-month price target
188.17 USD
+7.32%

Analysts' 1-year price targets range from 170.00 to 225.00, with an average of 188.17.

Past year
1-year forecast
Strong sellStrong buy
Hold
16 ratings
Buy
4
Hold
12
Sell
0

12-month price target

Highest target225.00
Average target188.17
Lowest target170.00
Current price175.34

Hershey Company (The) valuation

Price to earnings ratio (TTM)
19.68
Forward P/E (FY2026)
20.19
Price to sales (TTM)
2.87
Price to book
7.23
EV / EBITDA (TTM)
13.14

Capital structure

Market capitalization
35.24B USD
+
Total debt
5.13B USD
−
Cash and short-term investments
676.69M USD
=
Enterprise value
39.69B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)17.35————
FY2027 (est.)18.5617.35———
FY2026 (est.)20.1918.56———
Now (TTM)19.6818.762.877.2313.14
FY202541.9320.953.167.9821.24
FY202415.4428.223.077.2912.59
FY202320.5124.373.429.3115.58
FY202228.9524.374.5714.4221.45
FY202127.0621.484.4614.5120.09

Hershey Company (The) against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Kimberly-Clark, Sysco, Archer-Daniels-Midland, The Estée Lauder Companies, The Kroger, and Dollar General, the US Consumer Defensive companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median19.7
    14.654.3
  • Gross marginLowest in 5 years33.3%
    33.3%47.3%
    Against its peers: 3 of 7Peers' median 27.0%
  • Operating marginLowest in 5 years12.3%
    12.3%25.9%
    Against its peers: 2 of 7Peers' median 4.4%
  • Net marginLowest in 5 years7.6%
    7.6%19.8%
    Against its peers: 2 of 7Peers' median 1.7%
  • Return on equityLowest in 5 years19.0%
    19.0%53.6%
    Against its peers: 3 of 7Peers' median 17.5%
  • Free cash flow marginBelow its median15.0%
    13.9%17.7%
    Against its peers: 1 of 7Peers' median 5.4%
  • Revenue growthBelow its median4.4%
    0.3%16.1%
    Against its peers: 3 of 7Peers' median 2.1%
  • EPS growthLowest in 5 years-60.3%
    -60.3%20.8%
    Against its peers: 6 of 6Peers' median -19.6%
  • Debt to EBITDAHighest in 5 years2.77×
    1.76×2.77×
    Against its peers: 2 of 7Peers' median 3.96×
  • Current ratioHighest in 5 years1.19
    0.801.19
    Against its peers: 4 of 7Peers' median 1.18

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Hershey Company (The) growth and profitability

Revenue (TTM)
12.26B USD
Net income (TTM)
1.79B USD
Gross margin
41.95%
Operating margin
20.77%
Net margin
14.63%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202511.69B+4.38%883.26M-60.24%33.27%12.33%7.55%1.95B-37.08%
FY202411.20B+0.33%2.22B+19.31%47.32%25.87%19.83%3.10B+12.72%
FY202311.16B+7.16%1.86B+13.19%44.76%22.94%16.68%2.75B+13.02%
FY202210.42B+16.14%1.64B+11.32%43.18%21.70%15.79%2.44B+8.66%
FY20218.97B+10.08%1.48B+15.55%45.13%22.78%16.47%2.24B+15.37%

Hershey Company (The) revenue breakdown

By product

FY2025
North America Confectionery: 88.2%North America Salty Snacks: 11.8%88.2%North America Confectionery11.8%North America Salty Snacks
SegmentRevenueShare of revenueChange on the year
North America Confectionery9.48B88.2%+4.0%
North America Salty Snacks1.27B11.8%+11.9%

By region

FY2025
North America: 87.7%International and Other: 12.3%87.7%North America12.3%International and Other
RegionRevenueShare of revenueChange on the year
North America10.25B87.7%+4.9%
International and Other1.44B12.3%+0.7%

How Hershey Company (The) makes its money

Revenue11.69B 100.0%
Cost of revenue7.80B 66.7%
Gross profit3.89B 33.3%
Selling and administration2.45B 21.0%
Operating income1.44B 12.3%
Tax330.95M 2.8%
Other expense227.32M 1.9%
Net income883.26M 7.6%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Hershey Company (The) dividends

Annual dividend
5.81 USD
Dividend yield (indicated)
3.31%
Payout ratio
80.56%
Years of dividend growth
1
Frequency
Quarterly
Next payment
1.45 USD
Next ex-dividend date
16 Nov 2026
Next payment date
15 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share5.485.484.463.873.413.152.992.762.552.40

Hershey Company (The) financial health

Cash and short-term investments
676.69M USD
Total debt
5.13B USD
Net cash
-4.45B USD
Free cash flow (TTM)
2.12B USD
Current ratio
1.24
Debt to equity
1.05
Piotroski score
8 / 9
Altman Z-score
4.51

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025925.86M5.40B1.75B
FY2024730.75M5.45B1.93B
FY2023401.90M5.13B1.55B
FY2022463.89M5.12B1.81B
FY2021329.27M5.38B1.59B

Hershey Company (The) ownership

Institutions
67.97%
Institutional holders
1,457 (-71)
Free float
98.13%

Who owns the shares

Institutions 68.0% Others 32.0%
As of 30 Jun 2026

Shares free to trade

Free float 197.22M shares ·98.1% Closely held 3.76M shares ·1.9%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202601253.11K270.44K
Q3 2026028819.20K651.92K
Q2 202603312.47K624.63K
Q1 202608082.33K141.33K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025203.27M203.27M-0.11%
FY2024202.96M203.49M-1.00%
FY2023204.74M205.55M-0.50%
FY2022205.54M206.58M-0.57%
FY2021206.73M207.76M-0.79%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments

Title: Hershey Company (The)

Sector: Consumer Defensive
Industry: Food Confectioners
Hershey is a leading US confectionery manufacturer (in a $55 billion market, according to Euromonitor), controlling more than 35% of the domestic chocolate aisle. Beyond its namesake label, the firm's portfolio has expanded over the last 85 years and now comprises 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, though only a high-single-digit percentage of sales comes from markets outside the US, includingthe UK, Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confectionery business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its portfolio, as well as Pirate Brands, Dot's Pretzels, and LesserEvil over the past few years.

Common questions about Hershey Company (The) stock