HERSHEY CO HSY

Consumer staples SIC 2060 - Sugar & Confectionery Products NAICS Manufacturing › Food Manufacturing › Sugar and Confectionery Product Manufacturing derived NYSE

Last close 169.64 2026-10-23
Market cap —
52-week range 156.16 - 239.48

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Other
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 10.3B (87.7%) 88% United States Other, FY2025: 1.4B (12.3%) 12% Other FY2024 United States, FY2024: 9.8B (87.2%) 87% Other, FY2024: 1.4B (12.8%) 13% FY2023 United States, FY2023: 9.8B (87.3%) 87% Other, FY2023: 1.4B (12.7%) 13%
Region FY2025FY2024FY2023
United States $10.25B $9.77B $9.75B
Other $1.44B $1.43B $1.41B

As the company reported it, from the “SEGMENT INFORMATION - SCHEDULE OF SEGMENT INFORMATION BY GEOGRAPHY (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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
R&D $61.7M$55.8M$50.0M$46.9M$40.1M$37.6M$37.1M$38.5M$45.9M$47.3M
SG&A $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 $224.8M$174.3M$161.5M$140.1M$129.8M$153.5M$152.1M$146.9M$100.1M$91.9M
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 $330.9M$252.7M$310.1M$272.3M$314.4M$219.6M$234.0M$239.0M$354.1M$379.4M
Net income $883.3M$2.22B$1.86B$1.64B$1.48B$1.28B$1.15B$1.18B$783.0M$720.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $925.9M$730.7M$401.9M$463.9M$329.3M$1.14B$493.3M$588.0M$380.2M$297.0M
Receivables $729.5M$800.4M$823.6M$711.2M$671.5M$615.2M$568.5M$594.1M$588.3M$581.4M
Inventory $1.43B$1.25B$1.34B$1.17B$988.5M$964.2M$815.3M$784.9M$752.8M$745.7M
Total current assets $3.59B$3.76B$2.91B$2.62B$2.25B$2.98B$2.12B$2.24B$2.00B$1.82B
Property, plant and equipment —————$2.29B$2.15B$2.13B$2.11B$2.18B
Goodwill $3.00B$2.71B$2.70B$2.61B$2.63B$1.99B$1.99B$1.80B$821.1M$812.3M
Other intangibles $2.48B$1.87B$1.88B$1.97B$2.04B$1.30B$1.34B$1.28B$369.2M$492.7M
Total assets $13.74B$12.95B$11.90B$10.95B$10.41B$9.13B$8.14B$7.70B$5.55B$5.52B
Accounts payable $1.26B$1.16B$1.09B$970.6M$692.3M$580.1M$550.8M$502.3M$523.2M$522.5M
Short-term debt $218.5M$1.31B$719.8M$693.8M$939.4M$74.0M$703.4M$5.4M$300.1M$243.0K
Total current liabilities $3.01B$3.93B$3.01B$3.26B$2.49B$1.89B$2.01B$2.42B$2.08B$1.91B
Long-term debt —————$4.09B$3.53B$3.25B$2.06B$2.35B
Total liabilities $9.10B$8.23B$7.80B$7.65B$7.66B$6.89B$6.40B$6.30B$4.62B$4.70B
Retained earnings $5.50B$5.70B$4.56B$3.59B$2.72B$1.93B$1.29B$7.03B$6.37B$6.12B
Total equity $4.64B$4.71B$4.10B$3.30B$2.76B$2.24B$1.74B$1.41B$931.6M$827.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.28B$2.53B$2.32B$2.33B$2.08B$1.70B$1.76B$1.60B$1.25B$1.01B
Depreciation and amortisation $503.7M$455.3M$419.8M$379.0M$315.0M$294.9M$291.5M$295.1M$261.9M$301.8M
Stock-based compensation $65.5M$44.4M$81.0M$66.0M$66.7M$57.6M$51.9M$49.3M$51.1M$54.8M
Capital expenditure $454.6M$605.9M$771.1M$519.5M$495.9M$441.6M$318.2M$328.6M$257.7M$269.5M
Investing cash flow -$1.28B-$960.3M-$1.20B-$787.4M-$2.22B-$531.3M-$780.5M-$1.50B-$328.7M-$595.5M
Financing cash flow -$803.4M-$1.30B-$1.15B-$1.42B-$681.1M-$499.2M-$1.08B$116.1M-$843.8M-$464.4M
Dividends paid $1.09B$1.08B$889.1M$775.0M$686.0M$640.7M$610.3M$562.5M$526.3M$499.5M
Buybacks $0$494.2M$264.9M$389.0M$457.9M$211.2M$527.2M$247.5M$300.3M$592.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-008586.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B Revenue, FY2016: 7.4B Gross profit, FY2016: 3.2B Net income, FY2016: 720M Revenue, FY2017: 7.5B Gross profit, FY2017: 3.5B Net income, FY2017: 783M Revenue, FY2018: 7.8B Gross profit, FY2018: 3.6B Net income, FY2018: 1.2B Revenue, FY2019: 8B Gross profit, FY2019: 3.6B Net income, FY2019: 1.1B Revenue, FY2020: 8.1B Gross profit, FY2020: 3.7B Net income, FY2020: 1.3B Revenue, FY2021: 9B Gross profit, FY2021: 4B Net income, FY2021: 1.5B Revenue, FY2022: 10.4B Gross profit, FY2022: 4.5B Net income, FY2022: 1.6B Revenue, FY2023: 11.2B Gross profit, FY2023: 5B Net income, FY2023: 1.9B Revenue, FY2024: 11.2B Gross profit, FY2024: 5.3B Net income, FY2024: 2.2B Revenue, FY2025: 11.7B Gross profit, FY2025: 3.9B Net income, FY2025: 883.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $7.44B $7.52B $7.79B $7.99B $8.15B $8.97B $10.42B $11.16B $11.20B $11.69B
Gross profit $3.17B $3.46B $3.58B $3.62B $3.70B $4.05B $4.50B $5.00B $5.30B $3.92B
Net income $720.0M $783.0M $1.18B $1.15B $1.28B $1.48B $1.64B $1.86B $2.22B $883.3M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 2060

TickerCompanyMarket capP/ERevenue growth
TR TOOTSIE ROLL INDUSTRIES INC $2.61B — 1.3%
JBSS SANFILIPPO JOHN B & SON INC $784.5M 12.7x 6.2%
RMCF Rocky Mountain Chocolate Factory, Inc. $8.3M — -7.0%