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.

Revenue
+2.96%
EPS
+183.1%
Free cash flow
−14.0%
Total debt
−4.97%

Quarter to September 2026, against a year earlier

176.79 2.29 +1.31%
Market cap
$35.7B
P/E
15.2×
Fwd P/E
19.2×
Dividend yield
3.24%
F-score
5/9
Altman Z
4.24
Beneish M
−2.79
Dividend safety
57/100

Hershey Company (The) (HSY) Gross margin

Alert me on Gross margin

Hershey Company (The)'s gross margin over the twelve months to 30 September 2026 was 42.0%, up 8.4 percentage points from fiscal 2025 (33.6%). Over the past ten years it has ranged from 33.6% (fiscal 2025) to 47.3% (fiscal 2024) — the current reading is the lowest in ten years. That is above the Confectioners industry median of 34.3% and above the Consumer Defensive sector median of 34.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 33.6% (13.77)
FY2024 47.3% 2.56
FY2023 44.8% 1.58
FY2022 43.2% (1.95)
FY2021 45.1% (0.29)
FY2020 45.4% 0.06
FY2019 45.4% (0.53)
FY2018 45.9% (0.09)
FY2017 46.0% 3.38
FY2016 42.6% (3.19)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 46.1% 0.81
Jun 2026 45.3% 5.93
Mar 2026 39.4% 2.35
Dec 2025 37.0% 4.43
43 more quarters

Against its own ten years

Low 33.6% High 47.3%
Ten-year median 45.4%
Current reading's percentile 14

Gross margin against peers

Company Gross margin
HSY Hershey Company (The) 42.0%
TR Tootsie Roll Industries, Inc. compare 34.5%
MDLZ Mondelez International, Inc. compare 34.3%
RMCF Rocky Mountain Chocolate Factory, Inc. compare 23.8%
SOWG Sow Good Inc. compare −126.4%
Confectioners industry median 34.3%
Consumer Defensive sector median 34.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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