The Hershey Company (HSY) reported $12.26B of revenue for the twelve months ended Sep 27, 2026. That is up 6.7% from the year before. Revenue for fiscal 2025 was $11.69B.

Yes. The Hershey Company earned $1.79B in net income for the twelve months ended Sep 27, 2026, a net margin of 14.6%.

How much cash and debt does HSY have?

The Hershey Company reported $676.69M in cash and cash equivalents and $4.69B of debt on its most recent balance sheet in SEC filings.

How fast is HSY revenue growing?

The Hershey Company's revenue changed +4.4% in fiscal 2025, to $11.69B. Its compound annual growth rate was +7.5% over 5 years and +4.7% over 10 years.

What is HSY gross margin?

The Hershey Company's gross profit was $5.14B on $12.26B of revenue for the twelve months ended Sep 27, 2026, a gross margin of 41.9%.

What is HSY free cash flow?

The Hershey Company generated $2.12B of free cash flow for the twelve months ended Sep 27, 2026, which is operating cash flow of $2.57B less capital expenditures.

When did HSY last report financial results?

The latest statements here come from The Hershey Company's 10-Q filed on Oct 29, 2026, covering the period ended Sep 27, 2026.

Where does this HSY financial data come from?

Quantisnow builds these statements from the structured XBRL data The Hershey Company files with the SEC. It is provided for information only and is not investment advice.

Financials · HSY

The Hershey Company (HSY) financials

For the twelve months ended Sep 27, 2026, The Hershey Company reported $12.26B of revenue and $1.79B of net income.

Revenue, TTM: $12.26B
Revenue growth, YoY: +6.7%
Net income, TTM: $1.79B
Net income growth, YoY: +31.9%
Net margin: 14.6%
Free cash flow, TTM: $2.12B
Cash: $676.69M
Total debt: $4.69B
P/E: 19.88
P/S: 2.91
Market cap: $35.66B

Annual revenue$11.69B

FY2016FY2025

Annual net income$883.26M

FY2016FY2025

Annual free cash flow$1.82B

FY2016FY2025

HSY revenue and earnings growth

HSY revenueQ3 2026$3.28B

Quarter YoY: +3.0%
QoQ: +17.5%
FY YoY: +4.4%
5Y CAGR: +7.5%
10Y CAGR: +4.7%

HSY revenue was $3.28B in fiscal Q3 2026 (ended Sep 27, 2026), up 3.0% from a year earlier and up 17.5% from the prior quarter. For the full fiscal 2025 it was $11.69B, up 4.4% from fiscal 2024. Compound annual growth was +7.5% over 5 years and +4.7% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

HSY net incomeQ3 2026$580.81M

Quarter YoY: +110.2%
QoQ: +26.9%
FY YoY: -60.2%
5Y CAGR: -7.1%
10Y CAGR: +5.6%

HSY net income was $580.81M in fiscal Q3 2026 (ended Sep 27, 2026), up 110.2% from a year earlier and up 26.9% from the prior quarter. For the full fiscal 2025 it was $883.26M, down 60.2% from fiscal 2024. Compound annual growth was -7.1% over 5 years and +5.6% over 10 years. It rose in 8 of the last 10 fiscal years.

HSY free cash flowQ3 2026$650.12M

Quarter YoY: -14.0%
QoQ: +97.3%
FY YoY: -5.3%
5Y CAGR: +7.7%
10Y CAGR: +7.3%

HSY free cash flow was $650.12M in fiscal Q3 2026 (ended Sep 27, 2026), down 14.0% from a year earlier and up 97.3% from the prior quarter. For the full fiscal 2025 it was $1.82B, down 5.3% from fiscal 2024. Compound annual growth was +7.7% over 5 years and +7.3% over 10 years. It rose in 6 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$11.69B	$11.20B	$11.16B	$10.42B	$8.97B	$8.15B	$7.99B	$7.79B	$7.52B	$7.44B
Cost of revenue	$7.77B	$5.90B	$6.17B	$5.92B	$4.92B	$4.45B	$4.36B	$4.22B	$4.06B	$4.27B
Gross profit	$3.92B	$5.30B	$5.00B	$4.50B	$4.05B	$3.70B	$3.62B	$3.58B	$3.46B	$3.17B
Research and development	$61.66M	$55.80M	$50.03M	$46.94M	$40.11M	$37.58M	$37.15M	$38.52M	$45.85M	$47.27M
Selling, general and admin	$2.46B	$2.37B	$2.44B	$2.24B	$2.00B	$1.89B	$1.91B	$1.87B	$1.89B	$1.89B
Operating income	$1.44B	$2.90B	$2.56B	$2.26B	$2.04B	$1.78B	$1.60B	$1.62B	$1.31B	$1.26B
Interest expense	$224.81M	$174.32M	$161.51M	$140.09M	$129.85M	$153.47M	$152.12M	$146.86M	$100.07M	$91.95M
Pre-tax income	$1.21B	$2.47B	$2.17B	$1.92B	$1.80B	$1.49B	$1.38B	$1.41B	$1.11B	$1.10B
Income tax	$330.95M	$252.70M	$310.08M	$272.25M	$314.40M	$219.58M	$234.03M	$239.01M	$354.13M	$379.44M
Net income	$883.26M	$2.22B	$1.86B	$1.64B	$1.48B	$1.28B	$1.15B	$1.18B	$782.98M	$720.04M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$925.86M	$730.75M	$401.90M	$463.89M	$329.27M	$1.14B	$493.26M	$588.00M	$380.18M	$296.97M
Receivables	$729.55M	$800.40M	$823.62M	$711.20M	$671.46M	$615.23M	$568.51M	$594.14M	$588.26M	$581.38M
Inventory	$1.43B	$1.25B	$1.34B	$1.17B	$988.51M	$964.21M	$815.25M	$784.88M	$752.84M	$745.68M
Current assets	$3.59B	$3.76B	$2.91B	$2.62B	$2.25B	$2.98B	$2.12B	$2.24B	$2.00B	$1.82B
Goodwill	$3.00B	$2.71B	$2.70B	$2.61B	$2.63B	$1.99B	$1.99B	$1.80B	$821.06M	$812.34M
Total assets	$13.74B	$12.95B	$11.90B	$10.95B	$10.41B	$9.13B	$8.14B	$7.70B	$5.55B	$5.52B
Current liabilities	$3.01B	$3.93B	$3.01B	$3.26B	$2.49B	$1.89B	$2.01B	$2.42B	$2.08B	$1.91B
Short-term debt	$503.33M	$1.31B	$719.84M	$693.79M	$939.42M	$74.04M	$703.39M	$5.39M	$300.10M	$243.0K
Long-term debt	$4.68B	$3.19B	$3.79B	$3.34B	$4.09B	$4.09B	$3.53B	$3.25B	$2.06B	$2.35B
Total debt	$5.18B	$4.50B	$4.51B	$4.04B	$5.03B	$4.16B	$4.23B	$3.26B	$2.36B	$2.35B
Total liabilities	$9.10B	$8.23B	$7.80B	$7.65B	$7.66B	$6.89B	$6.40B	$6.30B	$4.62B	$4.70B
Shareholders' equity	$4.64B	$4.71B	$4.10B	$3.30B	$2.76B	$2.24B	$1.74B	$1.41B	$931.57M	$827.69M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$2.28B	$2.53B	$2.32B	$2.33B	$2.08B	$1.70B	$1.76B	$1.60B	$1.25B	$1.01B
Capital expenditures	$454.62M	$605.94M	$771.11M	$519.48M	$495.88M	$441.63M	$318.19M	$328.60M	$257.68M	$269.48M
Free cash flow	$1.82B	$1.93B	$1.55B	$1.81B	$1.59B	$1.26B	$1.45B	$1.27B	$991.84M	$743.95M
Investing cash flow	-$1.28B	-$960.31M	-$1.20B	-$787.38M	-$2.22B	-$531.28M	-$780.48M	-$1.50B	-$328.66M	-$595.45M
Financing cash flow	-$803.36M	-$1.30B	-$1.15B	-$1.42B	-$681.14M	-$499.23M	-$1.08B	$116.11M	-$843.77M	-$464.40M
Dividends paid	$1.09B	$1.08B	$889.07M	$775.03M	$685.99M	$640.73M	$610.31M	$562.52M	$526.27M	$499.48M
Share repurchases	$0	$494.19M	$264.91M	$388.96M	$457.95M	$211.20M	$527.21M	$247.50M	$300.31M	$592.55M
Stock-based compensation	$65.46M	$44.41M	$81.02M	$65.99M	$66.71M	$57.58M	$51.90M	$49.29M	$51.06M	$54.78M
Depreciation and amortization	$503.70M	$455.25M	$419.81M	$378.96M	$315.00M	$294.91M	$291.54M	$295.14M	$261.85M	$301.84M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	4.4%	0.3%	7.2%	16.1%	10.1%	2.0%	2.5%	3.7%	1.0%	0.7%
Net income growth, YoY	-60.2%	19.3%	13.2%	11.3%	15.5%	11.2%	-2.4%	50.4%	8.7%	40.4%
Gross margin	33.5%	47.3%	44.8%	43.2%	45.1%	45.4%	45.4%	45.9%	46.0%	42.6%
Operating margin	12.3%	25.9%	22.9%	21.7%	22.8%	21.9%	20.0%	20.8%	17.5%	16.9%
Net margin	7.6%	19.8%	16.7%	15.8%	16.5%	15.7%	14.4%	15.1%	10.4%	9.7%
Free cash flow margin	15.6%	17.2%	13.9%	17.4%	17.7%	15.4%	18.1%	16.3%	13.2%	10.0%
Return on equity	19.0%	47.1%	45.4%	49.8%	53.6%	57.1%	65.9%	83.7%	84.1%	87.0%
Return on assets	6.4%	17.2%	15.6%	15.0%	14.2%	14.0%	14.1%	15.3%	14.1%	13.0%
Current ratio	1.19	0.96	0.97	0.80	0.90	1.57	1.05	0.93	0.96	0.95
Debt to equity	1.12	0.95	1.10	1.22	1.82	1.86	2.43	2.32	2.53	2.84

Income statement

Income statement
Line item	Q3 2026 Sep 27, 2026	Q2 2026 Jun 28, 2026	Q1 2026 Mar 29, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 28, 2025	Q2 2025 Jun 29, 2025	Q1 2025 Mar 30, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 29, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$3.28B	$2.79B	$3.10B	$3.09B	$3.18B	$2.61B	$2.81B	$2.89B	$2.99B	$2.07B	$3.25B	$2.66B
Cost of revenue	$1.76B	$1.52B	$1.88B	$1.95B	$2.14B	$1.82B	$1.86B	$1.33B	$1.75B	$1.24B	$1.58B	$1.53B
Gross profit	$1.51B	$1.26B	$1.22B	$1.14B	$1.04B	$796.27M	$944.27M	$1.56B	$1.23B	$833.75M	$1.68B	$1.12B
Selling, general and admin	$692.87M	$620.55M	$576.04M	$698.15M	$600.54M	$603.21M	$558.67M	$622.73M	$591.92M	$540.99M	$617.98M	$658.81M
Operating income	$817.65M	$642.64M	$640.69M	$444.91M	$434.58M	$192.81M	$369.22M	$939.15M	$613.16M	$287.82M	$1.06B	$464.33M
Interest expense	$53.19M	$55.75M	$54.75M	$57.72M	$59.20M	$57.28M	$50.61M	$41.84M	$46.56M	$44.31M	$41.61M	$40.06M
Pre-tax income	$768.00M	$588.28M	$592.70M	$369.53M	$371.91M	$149.11M	$323.65M	$723.06M	$518.75M	$245.87M	$986.26M	$319.68M
Income tax	$187.19M	$130.62M	$157.59M	$49.52M	$95.59M	$86.39M	$99.45M	-$73.53M	$72.45M	$64.98M	$188.81M	-$29.37M
Net income	$580.81M	$457.67M	$435.11M	$320.02M	$276.32M	$62.72M	$224.20M	$796.59M	$446.30M	$180.89M	$797.45M	$349.04M

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 27, 2026	Q2 2026 Jun 28, 2026	Q1 2026 Mar 29, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 28, 2025	Q2 2025 Jun 29, 2025	Q1 2025 Mar 30, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 29, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$676.69M	$791.21M	$876.98M	$925.86M	$1.16B	$912.35M	$1.52B	$730.75M	$614.95M	$467.06M	$520.40M	$401.90M
Receivables	$1.11B	$907.37M	$974.55M	$729.55M	$966.41M	$820.22M	$879.63M	$800.40M	$1.14B	$846.44M	$1.21B	$823.62M
Inventory	$1.61B	$1.74B	$1.43B	$1.43B	$1.71B	$1.84B	$1.47B	$1.25B	$1.30B	$1.46B	$1.14B	$1.34B
Current assets	$3.86B	$3.96B	$3.77B	$3.59B	$4.40B	$4.43B	$4.80B	$3.76B	$3.55B	$3.34B	$3.39B	$2.91B
Goodwill	$2.99B	$2.99B	$2.99B	$3.00B	$2.71B	$2.71B	$2.71B	$2.71B	$2.69B	$2.69B	$2.69B	$2.70B
Total assets	$13.89B	$13.97B	$13.84B	$13.74B	$13.58B	$13.65B	$13.97B	$12.95B	$12.62B	$12.42B	$12.39B	$11.90B
Current liabilities	$3.12B	$3.35B	$3.04B	$3.01B	$3.23B	$2.89B	$3.02B	$3.93B	$4.20B	$3.89B	$3.49B	$3.01B
Short-term debt	$197.84M	$504.17M	$504.08M	$503.33M	$502.33M	$303.02M	$603.62M	$1.31B	$904.82M	$605.18M	$305.43M	$719.84M
Long-term debt	$4.49B	$4.68B	$4.68B	$4.68B	$4.68B	$5.18B	$5.18B	$3.19B	$3.19B	$3.49B	$3.79B	$3.79B
Total debt	$4.69B	$5.19B	$5.19B	$5.18B	$5.18B	$5.48B	$5.78B	$4.50B	$4.09B	$4.09B	$4.10B	$4.51B
Total liabilities	$9.02B	$9.41B	$9.11B	$9.10B	$9.01B	$9.13B	$9.28B	$8.23B	$8.42B	$8.41B	$8.28B	$7.80B
Shareholders' equity	$4.88B	$4.56B	$4.73B	$4.64B	$4.56B	$4.51B	$4.68B	$4.71B	$4.20B	$4.01B	$4.11B	$4.10B

Cash flow

Cash flow
Line item	Q3 2026 Sep 27, 2026	Q2 2026 Jun 28, 2026	Q1 2026 Mar 29, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 28, 2025	Q2 2025 Jun 29, 2025	Q1 2025 Mar 30, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 29, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$750.68M	$419.32M	$468.81M	$926.55M	$841.92M	$112.22M	$396.68M	$941.60M	$695.25M	$325.61M	$569.13M	$757.65M
Capital expenditures	$100.56M	$89.83M	$114.60M	$138.09M	$85.92M	$85.09M	$145.53M	$134.53M	$127.96M	$130.15M	$213.30M	$222.51M
Free cash flow	$650.12M	$329.49M	$354.21M	$788.47M	$755.99M	$27.13M	$251.16M	$807.08M	$567.30M	$195.45M	$355.83M	$535.14M
Investing cash flow	-$94.51M	-$82.44M	-$117.12M	-$896.53M	-$80.40M	-$154.79M	-$146.99M	-$410.99M	-$159.59M	-$162.16M	-$227.57M	-$463.13M
Financing cash flow	-$772.74M	-$425.24M	-$402.84M	-$266.92M	-$513.95M	-$559.57M	$537.08M	-$449.53M	-$394.10M	-$231.22M	-$221.66M	-$363.89M
Dividends paid	$284.83M	$286.39M	$288.00M	$271.34M	$271.13M	$271.23M	$271.59M	$270.49M	$270.38M	$270.52M	$273.40M	$237.81M
Share repurchases	$0	$370.08M	$69.27M	$0	$0	$0	$0	$0	$0	$0	$494.19M	$25.00M
Stock-based compensation	$18.30M	$17.71M	$17.13M	$19.01M	$15.45M	$17.44M	$13.56M	$11.84M	$15.07M	$11.51M	$5.99M	$24.67M
Depreciation and amortization	$136.27M	$136.09M	$133.00M	$132.52M	$127.78M	$123.83M	$119.56M	$123.81M	$113.25M	$110.42M	$107.76M	$116.72M

Key ratios

Key ratios
Line item	Q3 2026 Sep 27, 2026	Q2 2026 Jun 28, 2026	Q1 2026 Mar 29, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 28, 2025	Q2 2025 Jun 29, 2025	Q1 2025 Mar 30, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 29, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	3.0%	6.6%	10.6%	7.0%	6.5%	26.0%	-13.8%	8.7%	-1.4%	-16.7%	8.9%	0.2%
Net income growth, YoY	110.2%	629.7%	94.1%	-59.8%	-38.1%	-65.3%	-71.9%	128.2%	-13.9%	-55.6%	35.8%	-11.9%
Gross margin	46.1%	45.3%	39.4%	37.0%	32.6%	30.5%	33.7%	54.0%	41.3%	40.2%	51.5%	42.3%
Operating margin	25.0%	23.1%	20.6%	14.4%	13.7%	7.4%	13.2%	32.5%	20.5%	13.9%	32.5%	17.5%
Net margin	17.7%	16.4%	14.0%	10.4%	8.7%	2.4%	8.0%	27.6%	14.9%	8.7%	24.5%	13.1%
Free cash flow margin	19.8%	11.8%	11.4%	25.5%	23.8%	1.0%	9.0%	28.0%	19.0%	9.4%	10.9%	20.1%
Current ratio	1.24	1.18	1.24	1.19	1.36	1.53	1.59	0.96	0.85	0.86	0.97	0.97
Debt to equity	0.96	1.14	1.10	1.12	1.13	1.21	1.23	0.95	0.97	1.02	1.00	1.10

Source: XBRL data The Hershey Company files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

HSY peers

Company	Revenue	Growth	Net income	Net margin	Market cap
HSY	$12.26B	+6.7%	$1.79B	14.6%	$35.66B
MICCThe Magnum Ice Cream Company N.V.	€7.91B	-0.5%	€293.00M	3.7%	$12.31B
TRTootsie Roll Industries Inc.	$734.74M	+1.6%	$95.46M	13.0%	$2.93B
JJSFJ & J Snack Foods Corp.	$1.52B	-4.7%	$49.27M	3.2%	$1.70B
JBSSJohn B. Sanfilippo & Son Inc.	$1.17B	+3.1%	$56.38M	4.8%	$637.5M
MAMAMama's Creations Inc.	$208.60M	+53.9%	$7.39M	3.5%	$612.4M
WYHGWing Yip Food Holdings Group Limited	$135.19M	-6.5%	$7.91M	5.9%	$119.9M
BRIDBridgford Foods Corporation	$228.22M	+0.4%	-$14.52M	-6.4%	$47.8M
RMCFRocky Mountain Chocolate Factory Inc.	$27.07M	-9.7%	-$6.02M	-22.3%	$7.5M

HSY FAQ

8 questions

What is HSY revenue?
The Hershey Company (HSY) reported $12.26B of revenue for the twelve months ended Sep 27, 2026. That is up 6.7% from the year before. Revenue for fiscal 2025 was $11.69B.
Is HSY profitable?
Yes. The Hershey Company earned $1.79B in net income for the twelve months ended Sep 27, 2026, a net margin of 14.6%.
How much cash and debt does HSY have?
The Hershey Company reported $676.69M in cash and cash equivalents and $4.69B of debt on its most recent balance sheet in SEC filings.
How fast is HSY revenue growing?
The Hershey Company's revenue changed +4.4% in fiscal 2025, to $11.69B. Its compound annual growth rate was +7.5% over 5 years and +4.7% over 10 years.
What is HSY gross margin?
The Hershey Company's gross profit was $5.14B on $12.26B of revenue for the twelve months ended Sep 27, 2026, a gross margin of 41.9%.
What is HSY free cash flow?
The Hershey Company generated $2.12B of free cash flow for the twelve months ended Sep 27, 2026, which is operating cash flow of $2.57B less capital expenditures.
When did HSY last report financial results?
The latest statements here come from The Hershey Company's 10-Q filed on Oct 29, 2026, covering the period ended Sep 27, 2026.
Where does this HSY financial data come from?
Quantisnow builds these statements from the structured XBRL data The Hershey Company files with the SEC. It is provided for information only and is not investment advice.