HSY · Hershey Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.10B | - | $3.18B | $2.61B | $2.81B | - | $2.99B | $2.07B | $3.25B | - |
| Cost of Revenue | $1.88B | - | $2.14B | $1.82B | $1.86B | - | $1.75B | $1.24B | $1.58B | - |
| Gross Profit | $1.22B | - | $1.04B | $796.27M | $944.27M | - | $1.23B | $833.75M | $1.68B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $576.04M | - | $600.54M | $603.21M | $558.67M | - | $591.92M | $540.99M | $617.98M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $133.00M | - | $127.78M | $123.83M | $119.56M | - | $113.25M | $110.42M | $107.76M | - |
| Operating Income | $640.69M | - | $434.58M | $192.81M | $369.22M | - | $613.16M | $287.82M | $1.06B | - |
| Interest Expense | $54.75M | - | $59.20M | $57.28M | $50.61M | - | $46.56M | $44.31M | $41.61M | - |
| Income Tax | $157.59M | - | $95.59M | $86.39M | $99.45M | - | $72.45M | $64.98M | $188.81M | - |
| Net Income | $435.11M | - | $276.32M | $62.72M | $224.20M | - | $446.30M | $180.89M | $797.45M | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $876.98M | $925.86M | $1.16B | $912.35M | $1.52B | $730.75M | $614.95M | $467.06M | $520.40M | $401.90M |
| Accounts Receivable | $974.55M | $729.55M | $966.41M | $820.22M | $879.63M | $800.40M | $1.14B | $846.44M | $1.21B | $823.62M |
| Inventory | $1.43B | $1.43B | $1.71B | $1.84B | $1.47B | $1.25B | $1.30B | $1.46B | $1.14B | $1.34B |
| Accounts Payable | $1.30B | $1.26B | $1.46B | $1.45B | $1.42B | $1.16B | $1.21B | $1.14B | $946.00M | $1.09B |
| Current Assets | $3.77B | $3.59B | $4.40B | $4.43B | $4.80B | $3.76B | $3.55B | $3.34B | $3.39B | $2.91B |
| Total Assets | $13.84B | $13.74B | $13.58B | $13.65B | $13.97B | $12.95B | $12.62B | $12.42B | $12.39B | $11.90B |
| Current Liabilities | $3.04B | $3.01B | $3.23B | $2.89B | $3.02B | $3.93B | $4.20B | $3.89B | $3.49B | $3.01B |
| Long-term Debt | $4.68B | - | $4.68B | $5.18B | $5.18B | - | $3.19B | $3.49B | $3.79B | - |
| Total Liabilities | $9.11B | $9.10B | $9.01B | $9.13B | $9.28B | $8.23B | $8.42B | $8.41B | $8.28B | $7.80B |
| Stockholders' Equity | $4.73B | $4.64B | $4.56B | $4.51B | $4.68B | $4.71B | $4.20B | $4.01B | $4.11B | $4.10B |
| Retained Earnings | $5.64B | $5.50B | $5.45B | $5.44B | $5.65B | $5.70B | $5.17B | $5.00B | $5.09B | $4.56B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $468.81M | - | - | - | $396.68M | - | - | - | $569.13M | - |
| Investing Cash Flow | ($117.12M) | - | - | - | ($146.99M) | - | - | - | ($227.57M) | - |
| Financing Cash Flow | ($402.84M) | - | - | - | $537.08M | - | - | - | ($221.66M) | - |
| CapEx | $114.60M | - | - | - | $145.53M | - | - | - | $213.30M | - |
| Free Cash Flow | $354.21M | - | - | - | $251.16M | - | - | - | $355.83M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 39.4% | - | 32.6% | 30.5% | 33.7% | - | 41.3% | 40.2% | 51.5% | - |
| Operating margin | 20.6% | - | 13.7% | 7.4% | 13.2% | - | 20.5% | 13.9% | 32.5% | - |
| EBITDA margin | 24.9% | - | 17.7% | 12.1% | 17.4% | - | 24.3% | 19.2% | 35.8% | - |
| Net margin | 14.0% | - | 8.7% | 2.4% | 8.0% | - | 14.9% | 8.7% | 24.5% | - |
| Free cash flow margin | 11.4% | - | - | - | 9.0% | - | - | - | 10.9% | - |
| FCF / Net income | 0.81 | - | - | - | 1.12 | - | - | - | 0.45 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 18.6% | - | 18.9% | 23.1% | 19.9% | - | 19.8% | 26.1% | 19.0% | - |
| Effective tax rate | 26.6% | - | 25.7% | 57.9% | 30.7% | - | 14.0% | 26.4% | 19.1% | - |
| Return on assets | 3.1% | - | 2.0% | 0.5% | 1.6% | - | 3.5% | 1.5% | 6.4% | - |
| Return on equity | 9.2% | - | 6.1% | 1.4% | 4.8% | - | 10.6% | 4.5% | 19.4% | - |
| Return on invested capital | 5.0% | - | 3.5% | 1.0% | 2.6% | - | 7.1% | 2.8% | 10.8% | - |
| Liquidity | ||||||||||
| Current ratio | 1.24 | 1.19 | 1.36 | 1.53 | 1.59 | 0.96 | 0.85 | 0.86 | 0.97 | 0.97 |
| Quick ratio | 0.77 | 0.72 | 0.83 | 0.89 | 1.11 | 0.64 | 0.54 | 0.48 | 0.64 | 0.52 |
| Cash ratio | 0.29 | 0.31 | 0.36 | 0.32 | 0.50 | 0.19 | 0.15 | 0.12 | 0.15 | 0.13 |
| Leverage | ||||||||||
| Debt / Equity | 0.99 | - | 1.02 | 1.15 | 1.11 | - | 0.76 | 0.87 | 0.92 | - |
| Debt / Assets | 0.34 | - | 0.34 | 0.38 | 0.37 | - | 0.25 | 0.28 | 0.31 | - |
| Debt / EBITDA | 6.05 | - | 8.32 | 16.35 | 10.59 | - | 4.39 | 8.76 | 3.25 | - |
| Interest coverage | 11.7x | - | 7.3x | 3.4x | 7.3x | - | 13.2x | 6.5x | 25.4x | - |
| Equity multiplier | 2.92 | 2.96 | 2.98 | 3.02 | 2.98 | 2.75 | 3.00 | 3.10 | 3.02 | 2.90 |
| Liabilities / Assets | 0.66 | 0.66 | 0.66 | 0.67 | 0.66 | 0.64 | 0.67 | 0.68 | 0.67 | 0.66 |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | - | 0.23 | 0.19 | 0.20 | - | 0.24 | 0.17 | 0.26 | - |
| Inventory turnover | 1.32 | - | 1.26 | 0.99 | 1.27 | - | 1.35 | 0.85 | 1.39 | - |
| Days sales outstanding | 115d | - | 111d | 114d | 114d | - | 140d | 149d | 135d | - |
| Days inventory outstanding | 277d | - | 291d | 370d | 288d | - | 271d | 429d | 263d | - |
| Days payable outstanding | 253d | - | 248d | 291d | 278d | - | 253d | 335d | 219d | - |
| Cash conversion cycle | 139d | - | 153d | 193d | 125d | - | 158d | 243d | 180d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 10.6% | - | 6.5% | 26.0% | -13.8% | - | -1.4% | -16.7% | 8.9% | - |
| Revenue CAGR (3y) | 1.3% | - | 5.3% | 3.3% | 1.7% | - | 8.2% | 1.4% | 12.3% | - |
| Revenue CAGR (5y) | 6.2% | - | 7.5% | 8.2% | 6.8% | - | 7.5% | - | - | - |
| Gross profit growth (YoY) | 29.5% | - | -15.8% | -4.5% | -43.7% | - | -9.4% | -26.4% | 21.3% | - |
| Operating income growth (YoY) | 73.5% | - | -29.1% | -33.0% | -65.1% | - | -16.7% | -48.7% | 32.3% | - |
| Net income growth (YoY) | 94.1% | - | -38.1% | -65.3% | -71.9% | - | -13.9% | -55.6% | 35.8% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 41.0% | - | - | - | -29.4% | - | - | - | -38.6% | - |
| FCF CAGR (5y) | -6.5% | - | - | - | 11.3% | - | - | - | 8.5% | - |
| Book value growth (YoY) | 1.0% | -1.7% | 8.5% | 12.6% | 14.0% | 15.0% | 6.0% | 8.5% | 18.8% | 24.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$11.69B totalNorth America Confectionery Segment$9.48B · 81.1%
North America Salty Snacks Segment$1.27B · 10.9%
International Segment$941.57M · 8.1%
Geographic
$11.69B totalUS$10.25B · 87.7%
Non Us$1.44B · 12.3%
Peer comparison
Same SIC group: Sugar & Confectionery Products
Comparing HERSHEY CO against the 4 most active filers in the same SIC group.
Dividends
$5.64/share trailing 12 months · +3.0% YoY
| Ex-date | Per share |
|---|---|
| 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 |
| May 20, 2021 | $0.8040 |
| Feb 18, 2021 | $0.8040 |
| Nov 19, 2020 | $0.8040 |
| Aug 20, 2020 | $0.8040 |