Companies / Consumer Staples
HSY
Hershey Company (The)
Packaged Foods & Meats
Packaged Foods & MeatsAnalysis in progress
In progress
We are decoding this company's strategy and relationships
New analyses are published every weekday. Founding members get them first.
Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health64
Growth39
Profitability42
Cash generation81
Balance sheet59
Dilution control100
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-27)3.0%Revenue growth (FY)4.4%Revenue CAGR (3y)3.9%Gross margin33.5%Operating margin12.3%Net margin7.6%Free cash flow margin15.6%R&D / revenue0.5%Stock comp / revenue0.6%Net debt / operating cash flow1.74xCurrent ratio1.19Diluted share count change—
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $9.0B | $10.4B | $11.2B | $11.2B | $11.7B |
| Gross profit | $4.0B | $4.5B | $5.0B | $5.3B | $3.9B |
| Operating income | $2.0B | $2.3B | $2.6B | $2.9B | $1.4B |
| Net income | $1.5B | $1.6B | $1.9B | $2.2B | $883M |
| Operating cash flow | $2.1B | $2.3B | $2.3B | $2.5B | $2.3B |
| Capital expenditure | $496M | $519M | $771M | $606M | $455M |
| Free cash flow | $1.6B | $1.8B | $1.6B | $1.9B | $1.8B |
| R&D | $40M | $47M | $50M | $56M | $62M |
| Stock-based comp | $67M | $66M | $81M | $44M | $65M |
| Buybacks | $458M | $389M | $265M | $494M | $0 |
| Dividends | $686M | $775M | $889M | $1.1B | $1.1B |
| Cash | $329M | $464M | $402M | $731M | $926M |
| Total debt | $5.0B | $4.0B | $4.5B | $4.5B | $4.9B |
| Equity | $2.8B | $3.3B | $4.1B | $4.7B | $4.6B |
StratGraph publishes general, impersonal research about public companies based on public filings. It is not investment advice, not a recommendation to buy, sell or hold any security, and not tailored to any reader's circumstances. Content may contain errors and may be partly generated with AI tools; verify against the original filings, which are linked. Authors may not trade securities discussed within the window set by our trading policy. Full disclaimer.