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HSY · NYSE · United States · Sugar & Confectionery Products
In shortHERSHEY CO is profitable, generates cash and carries moderate debt, with revenue growing (+4.4% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 12.3% | 58/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 7.6% | 50/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 18.9% | 94/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 10.7% | 71/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.19× | 33/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.12× | 49/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.19× | 52/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 6.41× | 47/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.82 | 44/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 15.6% | 82/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.06× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 6.0% | 89/100 |
| Operating margin volatility | 5.2% | 62/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 3.9% | 38/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 8,971 | 10,419 | 11,165 | 11,202 | 11,693 |
| Cost of revenue | 4,923 | 5,921 | 6,167 | 5,901 | 7,770 |
| Gross profit | 4,049 | 4,499 | 4,998 | 5,301 | 3,923 |
| Research & development | 40 | 47 | 50 | 56 | 62 |
| Selling, general & admin | 2,001 | 2,236 | 2,437 | 2,374 | 2,461 |
| Operating income | 2,044 | 2,261 | 2,561 | 2,898 | 1,442 |
| Interest expense | 130 | 140 | 162 | 174 | 225 |
| Pre-tax income | 1,797 | 1,917 | 2,172 | 2,474 | 1,214 |
| Income tax | 314 | 272 | 310 | 253 | 331 |
| Net income | 1,478 | 1,645 | 1,862 | 2,221 | 883 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of HERSHEY CO are included in the Investor plan. Try free for 7 days →
2.82 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 28, 2026 · Data updated Jul 30, 2026