Saturday 17 October 2026
Export HSY’s income statement to Excel — free account
Hershey Company (The)
HSY Consumer Defensive Confectioners
Hershey Company (The)’s revenue for fiscal 2025 (year ended December 2025) was $11.7 billion, up 4.38% from fiscal 2024. In the quarter to June 2026, revenue grew 6.60%, EPS grew 869.2%, free cash flow grew 809.1% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for ten; insiders bought in the last twelve months.
170.74
2.06
+1.22%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
30.21 | 29.90 | 18.61 | 26.06 | 24.31 | 26.32 | 27.64 | 19.17 | 14.15 | 40.62 |
Piotroski F-Score |
7 | 8 | 5 | 6 | 7 | 6 | 7 | 8 | 7 | 5 |
P/S ratio |
2.99 | 3.17 | 2.89 | 3.85 | 3.90 | 4.46 | 4.48 | 3.52 | 3.07 | 3.16 |
Altman Z-Score |
6.46 | 6.85 | 5.10 | 4.75 | 4.74 | 4.98 | 5.76 | 5.11 | 4.71 | 4.24 |
Altman Z″-Score (non-manufacturers) |
5.21 | 5.45 | 4.47 | 2.21 | 3.12 | 2.39 | 2.53 | 3.19 | 3.45 | 2.82 |
P/FCF ratio |
29.77 | 23.81 | 17.04 | 21.29 | 25.24 | 25.20 | 25.79 | 25.33 | 17.85 | 21.11 |
Beneish M-Score |
(2.60) | (2.97) | (2.39) | (2.80) | (2.65) | (2.53) | (2.70) | (2.54) | (2.66) | (2.79) |
P/Operating CF |
39.55 | 38.16 | 31.83 | 39.96 | 52.54 | 58.89 | 60.76 | 51.89 | 36.50 | 39.85 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 57 |
P/B ratio |
26.89 | 25.54 | 15.99 | 17.64 | 14.19 | 14.51 | 14.14 | 9.59 | 7.29 | 7.96 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 254.54 | 0.00 |
EV/Sales |
3.35 | 3.50 | 3.39 | 4.33 | 4.32 | 4.98 | 4.89 | 3.92 | 3.46 | 3.54 |
EV/EBITDA |
15.97 | 14.76 | 13.75 | 18.31 | 16.95 | 18.95 | 19.31 | 14.67 | 11.55 | 21.28 |
EV/Operating CF |
24.61 | 21.08 | 16.49 | 19.59 | 20.72 | 21.46 | 21.90 | 18.82 | 15.30 | 18.18 |
EV/FCF |
33.36 | 26.35 | 19.96 | 23.90 | 27.99 | 28.16 | 28.19 | 28.17 | 20.12 | 23.67 |
Quick Ratio |
0.46 | 0.47 | 0.49 | 0.53 | 0.93 | 0.40 | 0.36 | 0.41 | 0.39 | 0.55 |
Current Ratio |
0.95 | 0.96 | 0.93 | 1.05 | 1.57 | 0.90 | 0.80 | 0.97 | 0.96 | 1.19 |
Net Debt/EBITDA |
1.72 | 1.42 | 2.02 | 2.00 | 1.66 | 1.99 | 1.64 | 1.48 | 1.30 | 2.30 |
Debt/Assets |
53.95% | 52.59% | 57.87% | 52.41% | 50.40% | 48.30% | 43.76% | 40.44% | 39.41% | 39.32% |
Debt/Equity |
3.60 | 3.14 | 3.17 | 2.45 | 2.06 | 1.82 | 1.45 | 1.17 | 1.08 | 1.17 |
Asset Turnover |
1.37 | 1.36 | 1.18 | 1.01 | 0.94 | 0.92 | 0.98 | 0.98 | 0.90 | 0.88 |
Operating CF/Net income |
1.41 | 1.60 | 1.36 | 1.53 | 1.33 | 1.41 | 1.42 | 1.25 | 1.14 | 2.58 |
Capex/Depreciation |
(0.87) | (0.53) | (0.94) | (1.09) | (1.50) | (1.57) | (1.37) | (1.84) | (1.33) | (1.05) |
Interest Coverage |
13.92 | 13.36 | 11.69 | 11.07 | 11.93 | 16.04 | 16.44 | 16.87 | 17.50 | 7.58 |
| 76.80% | 89.01% | 100.70% | 72.94% | 64.21% | 59.16% | 54.31% | 50.33% | 50.40% | 18.89% | |
| 13.25% | 14.14% | 17.77% | 14.51% | 14.81% | 15.12% | 15.40% | 16.29% | 17.88% | 6.62% | |
ROIC |
22.34% | 23.64% | 19.23% | 18.08% | 19.56% | 17.13% | 18.53% | 18.81% | 19.94% | 9.89% |
Return on Tangible Assets |
34.54% | 38.53% | 60.36% | 50.84% | 37.93% | 63.17% | 77.11% | 57.94% | 67.54% | 21.51% |
Average Days of Receivables |
28.52 | 28.57 | 27.83 | 25.98 | 27.55 | 27.32 | 24.91 | 26.93 | 26.08 | 22.77 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
25.42% | 25.09% | 24.06% | 23.87% | 23.20% | 22.31% | 21.46% | 21.82% | 21.19% | 21.04% |
Intangible Assets out of Total Assets |
0.24 | 0.21 | 0.40 | 0.41 | 0.36 | 0.45 | 0.42 | 0.38 | 0.35 | 0.40 |
Share Based Compensation of Revenue |
0.74% | 0.68% | 0.63% | 0.65% | 0.71% | 0.74% | 0.63% | 0.73% | 0.40% | 0.56% |
Graham Net Nets |
(0.13) | (0.11) | (0.18) | (0.14) | (0.12) | (0.14) | (0.11) | (0.12) | (0.13) | (0.15) |
Graham Number |
17.30 | 19.24 | 29.47 | 32.51 | 38.91 | 46.96 | 54.46 | 67.17 | 79.09 | 48.00 |
Earnings Yield |
3.31% | 3.34% | 5.37% | 3.84% | 4.11% | 3.80% | 3.62% | 5.22% | 7.07% | 2.46% |
Free Cash Flow Yield |
3.36% | 4.20% | 5.87% | 4.70% | 3.96% | 3.97% | 3.88% | 3.95% | 5.60% | 4.74% |
Revenue per Share |
34.74 | 35.41 | 37.10 | 38.13 | 39.10 | 43.40 | 50.69 | 54.53 | 55.19 | 57.63 |
Operating CF per Share |
4.73 | 5.89 | 7.62 | 8.42 | 8.15 | 10.08 | 11.33 | 11.35 | 12.47 | 11.22 |
Capex per Share |
(1.24) | (1.18) | (1.33) | (1.52) | (2.12) | (2.40) | (2.53) | (3.77) | (2.99) | (2.60) |
Free Cash Flow per Share |
3.49 | 4.71 | 6.29 | 6.90 | 6.04 | 7.68 | 8.80 | 7.58 | 9.49 | 8.62 |
Cash per Share |
1.39 | 1.79 | 2.80 | 2.36 | 5.49 | 1.59 | 2.26 | 1.96 | 3.60 | 4.56 |
Shareholders Equity per Share |
3.87 | 4.39 | 6.70 | 8.33 | 10.74 | 13.34 | 16.05 | 20.02 | 23.23 | 22.85 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
3.87 | 4.39 | 6.70 | 8.33 | 10.74 | 13.34 | 16.05 | 20.02 | 23.23 | 22.85 |
Free Cash Flow |
747.60 | 999.45 | 1,321.15 | 1,445.68 | 1,258.03 | 1,587.01 | 1,808.36 | 1,552.08 | 1,925.65 | 1,749.15 |
Working Capital |
(92.66) | (74.63) | (179.38) | 108.31 | 1,086.16 | (247.11) | (636.75) | (96.25) | (170.04) | 577.00 |
Capital Expenditures |
(265.82) | (250.07) | (278.84) | (318.19) | (441.63) | (495.88) | (519.48) | (771.11) | (605.94) | (528.22) |
Net Current Asset Value |
(2,879.87) | (2,620.25) | (4,056.57) | (4,278.30) | (3,916.06) | (5,408.80) | (5,028.87) | (4,891.75) | (4,472.75) | (5,515.65) |
EV/EBIT |
19.87 | 20.05 | 16.25 | 21.65 | 19.75 | 21.87 | 22.55 | 17.08 | 13.37 | 28.72 |
Capex to Sales |
0.04 | 0.03 | 0.04 | 0.04 | 0.05 | 0.06 | 0.05 | 0.07 | 0.05 | 0.05 |
Price to Operating Income |
17.73 | 18.12 | 13.86 | 19.29 | 17.81 | 19.57 | 20.63 | 15.35 | 11.86 | 25.61 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.14 | 0.22 | 0.14 | 0.14 | 0.13 | 0.12 | 0.14 | 0.13 | 0.13 | 0.14 |
Cash ROIC |
18.21% | 23.62% | 20.47% | 22.23% | 15.76% | 19.56% | 21.14% | 16.66% | 18.26% | 15.95% |
Accounts Receivable Turnover |
12.61 | 12.85 | 13.18 | 13.74 | 13.77 | 13.94 | 15.07 | 14.55 | 13.80 | 15.28 |
Accounts Payable Turnover |
8.57 | 7.76 | 8.22 | 8.29 | 7.87 | 7.74 | 7.12 | 6.00 | 5.26 | 6.44 |
Inventory Turnover |
5.71 | 5.42 | 5.48 | 5.45 | 5.00 | 5.04 | 5.48 | 4.91 | 4.55 | 5.79 |
Average Days of Payables |
44.66 | 47.04 | 43.49 | 46.07 | 47.59 | 51.33 | 59.84 | 64.29 | 71.70 | 58.99 |
Days of Inventory on Hand |
63.73 | 67.68 | 67.96 | 68.19 | 79.11 | 73.29 | 72.32 | 79.37 | 77.57 | 67.14 |
Average Receivables |
590.23 | 584.82 | 591.20 | 581.33 | 591.87 | 643.35 | 691.33 | 767.41 | 812.01 | 764.97 |
Average Payables |
498.40 | 522.88 | 512.77 | 526.57 | 565.44 | 636.20 | 831.45 | 1,028.37 | 1,122.68 | 1,207.44 |
Average Inventory |
748.32 | 749.26 | 768.86 | 800.07 | 889.73 | 976.36 | 1,080.82 | 1,257.06 | 1,297.55 | 1,341.67 |
Average Assets |
5,434.35 | 5,539.03 | 6,628.37 | 7,921.71 | 8,636.12 | 9,772.04 | 10,680.53 | 11,425.88 | 12,424.90 | 13,344.08 |
Average Common Equity |
937.57 | 879.63 | 1,169.42 | 1,576.13 | 1,991.44 | 2,497.56 | 3,028.39 | 3,699.32 | 4,406.87 | 4,675.70 |
Columns are period end dates