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Hershey Company (The) (HSY)

NYSE Consumer Staples Packaged Foods & Meats S&P 500
$178.08
+0.65 (+0.37%)
Close of Nov 06, 2026 · end-of-day data
Source: Hershey Company (The)'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$7.44B$7.52B$7.79B$7.99B$8.15B$8.97B$10.42B$11.16B$11.20B$11.69B
Cost of revenue$4.27B$4.06B$4.22B$4.36B$4.45B$4.92B$5.92B$6.17B$5.90B$7.77B
Gross profit$3.17B$3.46B$3.58B$3.62B$3.70B$4.05B$4.50B$5.00B$5.30B$3.92B
Research & development$47.27M$45.85M$38.52M$37.15M$37.58M$40.11M$46.94M$50.03M$55.80M$61.66M
Selling, general & admin$1.89B$1.89B$1.87B$1.91B$1.89B$2.00B$2.24B$2.44B$2.37B$2.46B
Operating income$1.26B$1.31B$1.62B$1.60B$1.78B$2.04B$2.26B$2.56B$2.90B$1.44B
Interest expense$91.95M$100.07M$146.86M$152.12M$153.47M$129.85M$140.09M$161.51M$174.32M$224.81M
Pre-tax income$1.10B$1.11B$1.41B$1.38B$1.49B$1.80B$1.92B$2.17B$2.47B$1.21B
Income tax$379.44M$354.13M$239.01M$234.03M$219.58M$314.40M$272.25M$310.08M$252.70M$330.95M
Net income$720.04M$782.98M$1.18B$1.15B$1.28B$1.48B$1.64B$1.86B$2.22B$883.26M
EBITDA$1.56B$1.58B$1.92B$1.89B$2.08B$2.36B$2.64B$2.98B$3.35B$1.95B
Gross margin42.6%46.0%45.9%45.4%45.4%45.1%43.2%44.8%47.3%33.5%
Operating margin16.9%17.5%20.8%20.0%21.9%22.8%21.7%22.9%25.9%12.3%
Net margin9.7%10.4%15.1%14.4%15.7%16.5%15.8%16.7%19.8%7.6%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$296.97M$380.18M$588.00M$493.26M$1.14B$329.27M$463.89M$401.90M$730.75M$925.86M
Receivables$581.38M$588.26M$594.14M$568.51M$615.23M$671.46M$711.20M$823.62M$800.40M$729.55M
Inventory$745.68M$752.84M$784.88M$815.25M$964.21M$988.51M$1.17B$1.34B$1.25B$1.43B
Total current assets$1.82B$2.00B$2.24B$2.12B$2.98B$2.25B$2.62B$2.91B$3.76B$3.59B
Goodwill$812.34M$821.06M$1.80B$1.99B$1.99B$2.63B$2.61B$2.70B$2.71B$3.00B
Total assets$5.52B$5.55B$7.70B$8.14B$9.13B$10.41B$10.95B$11.90B$12.95B$13.74B
Total current liabilities$1.91B$2.08B$2.42B$2.01B$1.89B$2.49B$3.26B$3.01B$3.93B$3.01B
Short-term debt$243.00K$300.10M$5.39M$703.39M$438.83M$2.84M$753.58M$305.06M$604.97M$503.33M
Long-term debt$2.35B$2.06B$3.25B$3.53B$4.09B$4.09B$3.34B$3.79B$3.19B$4.68B
Total debt$2.35B$2.36B$3.26B$4.23B$4.53B$4.09B$4.10B$4.09B$3.80B$5.18B
Total liabilities$4.70B$4.62B$6.30B$6.40B$6.89B$7.66B$7.65B$7.80B$8.23B$9.10B
Shareholders' equity$785.86M$915.34M$1.40B$1.74B$2.23B$2.76B$3.30B$4.10B$4.71B$4.64B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$1.01B$1.25B$1.60B$1.76B$1.70B$2.08B$2.33B$2.32B$2.53B$2.28B
Capital expenditures$269.48M$257.68M$328.60M$318.19M$441.63M$495.88M$519.48M$771.11M$605.94M$454.62M
Free cash flow$743.95M$991.84M$1.27B$1.45B$1.26B$1.59B$1.81B$1.55B$1.93B$1.82B
Investing cash flow-$595.45M-$328.66M-$1.50B-$780.48M-$531.28M-$2.22B-$787.38M-$1.20B-$960.31M-$1.28B
Financing cash flow-$464.40M-$843.77M$116.11M-$1.08B-$499.23M-$681.14M-$1.42B-$1.15B-$1.30B-$803.36M
Dividends paid$499.48M$526.27M$562.52M$610.31M$640.73M$685.99M$775.03M$889.07M$1.08B$1.09B
Share buybacks$592.55M$300.31M$247.50M$527.21M$211.20M$457.95M$388.96M$264.91M$494.19M$0
Stock-based compensation$54.78M$51.06M$49.29M$51.90M$57.58M$66.71M$65.99M$81.02M$44.41M$65.46M
Depreciation & amortization$301.84M$261.85M$295.14M$291.54M$294.91M$315.00M$378.96M$419.81M$455.25M$503.70M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.