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