Friday 6 November 2026 Export HSY’s income statement to Excel — free account

Hershey Company (The)

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%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Hershey Company (The) (HSY) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
North America Confectionery	9,480	81.07%
North America Salty Snacks	1,271	10.87%
International	942	8.05%
Gross margin		33.55%
Operating margin		12.33%
Pre-tax margin		10.38%

Revenue by product or service $m

Line	FY2020	FY2019	FY2018
Confectionery and Confectionery-based Portfolio	7,629 93.61%	7,554 94.59%	7,453 95.67%
Snacks Portfolio	521 6.39%	432 5.41%	338 4.33%
Revenue	8,150	7,986	7,791

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
North America Confectionery	9,480 81.07%	9,119 81.40%	9,123 81.71%	8,536 81.93%	7,682 85.63%	7,085 86.93%	6,815 85.34%	—	—	—	—	—	—	—
North America Salty Snacks	1,271 10.87%	1,136 10.14%	1,093 9.79%	1,029 9.88%	555 6.19%	438 5.38%	410 5.13%	—	—	—	—	—	—	—
International	942 8.05%	948 8.46%	949 8.50%	853 8.19%	733 8.18%	627 7.69%	761 9.53%	—	—	—	—	—	—	—
North America	—	—	—	—	—	—	—	6,902 88.58%	6,621 88.10%	6,533 87.81%	6,468 87.57%	6,353 85.60%	6,200 86.76%	5,813 87.48%
International and Other	—	—	—	—	—	—	—	889 11.42%	894 11.90%	907 12.19%	918 12.43%	1,069 14.40%	946 13.24%	832 12.52%
Revenue	11,693	11,202	11,165	10,419	8,971	8,150	7,986	7,791	7,515	7,440	7,387	7,422	7,146	6,644

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
North America Confectionery	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
North America Salty Snacks	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
International	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
North America	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
International and Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
United States	10,252 87.68%	9,771 87.23%	9,752 87.35%	9,121 87.54%	7,808 87.03%	7,043 86.42%	6,723 84.18%	6,536 83.89%	6,264 83.34%	6,197 83.29%	6,116 82.80%	5,997 80.80%	5,832 81.61%	5,450 82.02%
All other countries	1,441 12.32%	1,431 12.77%	1,413 12.65%	1,298 12.46%	1,164 12.97%	1,107 13.58%	1,264 15.82%	1,255 16.11%	1,252 16.66%	1,243 16.71%	1,270 17.20%	1,425 19.20%	1,314 18.39%	1,194 17.98%
Revenue	11,693	11,202	11,165	10,419	8,971	8,150	7,986	7,791	7,515	7,440	7,387	7,422	7,146	6,644

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Dot’s Homestyle Pretzels retail sales	Q4 FY2025	20.0%	20.9%	—
Hershey’s U.S. candy, mint and gum retail takeaway	Q3 FY2026	0.80%	5.40%	—
Hershey’s U.S. salty snack retail takeaway	Q3 FY2026	4.00%	14.2%	—
SkinnyPop ready-to-eat popcorn retail sales	Q4 FY2025	8.00%	4.70%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Dot’s Homestyle Pretzels retail sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Hershey’s U.S. candy, mint and gum retail takeaway	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Hershey’s U.S. salty snack retail takeaway	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
SkinnyPop ready-to-eat popcorn retail sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.