Stocktoria

HERSHEY CO HSY

NYSE · stock · Sugar & Confectionery Products · website · IPO 1927-12-01

HERSHEY CO statistics & valuation

Market cap$36.3B
P / E41.1×
P / S3.1×
P / B7.8×
P / FCF19.9×
Dividend yield2.99%
Net margin7.6%
Return on equity19.0%
FCF margin15.6%
Net debt$5.2B
Net debt / EBITDA2.7×
Enterprise value USD$41.5B
EV / EBITDA21.3×
Earnings yield EBIT/EV3.5%
Return on capital13.4%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
9.70% 10.40% 15.10% 14.40% 15.70% 16.50% 15.80% 16.70% 19.80% 7.60% 2016201720182019202020212022202320242025
Gross margin (%)
42.60% 46.00% 45.90% 45.40% 45.40% 45.10% 43.20% 44.80% 47.30% 33.50% 2016201720182019202020212022202320242025
Operating margin (%)
16.90% 17.50% 20.80% 20.00% 21.90% 22.80% 21.70% 22.90% 25.90% 12.30% 2016201720182019202020212022202320242025
Return on equity (%)
87.00% 84.10% 83.70% 65.90% 57.10% 53.60% 49.80% 45.40% 47.10% 19.00% 2016201720182019202020212022202320242025
Shares outstanding
212.3M 210.9M 209.7M 208.8M 208.2M 206.1M 205.0M 204.4M 202.4M 202.8M 2016201720182019202020212022202320242025
Net debt ($)
$2.05B $1.98B $2.67B $4.23B $4.53B $4.09B $4.10B $4.09B $3.80B $5.18B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
13.00% 14.10% 15.30% 14.10% 14.00% 14.20% 15.00% 15.60% 17.20% 6.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
10.00% 13.20% 16.30% 18.10% 15.40% 17.70% 17.40% 13.90% 17.20% 15.60% 2016201720182019202020212022202320242025
Debt / equity (×)
2.84× 2.53× 2.32× 2.43× 2.02× 1.48× 1.24× 1.00× 0.80× 1.12× 2016201720182019202020212022202320242025
EPS ($)
2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin33.5%47.3%44.8%43.2%45.1%45.4%45.4%45.9%46.0%42.6%
Operating margin12.3%25.9%22.9%21.7%22.8%21.9%20.0%20.8%17.5%16.9%
Net margin7.6%19.8%16.7%15.8%16.5%15.7%14.4%15.1%10.4%9.7%
FCF margin15.6%17.2%13.9%17.4%17.7%15.4%18.1%16.3%13.2%10.0%
Return on assets6.4%17.2%15.6%15.0%14.2%14.0%14.1%15.3%14.1%13.0%
Return on equity19.0%47.1%45.4%49.8%53.6%57.1%65.9%83.7%84.1%87.0%
Debt / equity1.12×0.80×1.00×1.24×1.48×2.02×2.43×2.32×2.53×2.84×
Current ratio1.190.960.970.800.901.571.050.930.960.95

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.