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NYSE · Consumer Staples

HERSHEY CO (HSY)

As-reported financials and recent SEC filings for HERSHEY CO, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About HERSHEY CO

The Hershey Company produces and sells chocolate, non-chocolate confectionery, gum, mints, protein bars, salty snacks, and pantry items. It operates through three segments: North America Confectionery, North America Salty Snacks, and International, serving consumers primarily in the United States, Canada, and various international markets. Hershey markets its products under more than 85 brand names, including Hershey’s, Reese’s, Kisses, SkinnyPop, and Sour Strips, distributing to wholesale distributors, grocery stores, mass merchandisers, and other retail outlets.

Snapshot

Revenue
$11.69B
Revenue growth (YoY)
4.4%
Net income
$883.3M
Diluted EPS
Gross margin
33.5%
Operating margin
12.3%
Net margin
7.6%
FCF margin
15.6%
ROE
19.0%
P/E (TTM)
33.6×
Market cap
$36.55B
Debt / equity
1.0×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Hershey

  • Revenue grew 4.4% to $11.7B in FY2025, faster than the 0.3% the year before.
  • Operating margin is 12.3% in FY2025, -10.5 pp against 22.8% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $3.1B, up 10.6% from Q1 FY2025.
  • Free cash flow was $1.8B in FY2025, 15.6% of revenue.
  • Net income fell 60.2% to $883M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Hershey’s fundamentals sit among the 113 Consumer Staples companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin33.5%
55th percentile of 97
Operating margin12.3%
79th percentile of 100
Net margin7.6%
71st percentile of 105
FCF margin15.6%
90th percentile of 99
Revenue growth (YoY)+4.4%
61st percentile of 110
ROE19.0%
78th percentile of 98
P/E (TTM)33.6×
69th percentile of 73
Debt / equity1.01×
68th percentile of 72
Short interest4.30d
54th percentile of 111

Hershey’s FCF margin of 15.6% ranks in the 90th percentile of the 99 Consumer Staples companies reporting it.

No open-market insider buys in the last 90 days; 325 insider sales totaling $109.9M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
4
+6 quant / multi-strat
Initiated / added
8
1 new, 7 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$757.0M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ1 2026$410.6M2.0MAdded
Citadel AdvisorsquantQ1 2026$151.7M729.9KReduced
Millennium ManagementquantQ1 2026$112.5M541.3KAdded
AQR Capital ManagementquantQ1 2026$36.6M176.3KReduced
Markel GroupQ1 2026$15.6M75.0KAdded
Gotham Asset ManagementQ1 2026$14.0M67.2KAdded
D. E. ShawquantQ1 2026$7.6M36.5KAdded
Maverick CapitalQ1 2026$4.8M23.3KAdded
Bridgewater AssociatesQ1 2026$3.0M14.4KAdded
Renaissance TechnologiesquantQ1 2026$415,7802.0KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
325
$109.9M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-24
filed 2026-07-27
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% ownerSell8.0K$174.52$1.4M
2026-07-24
filed 2026-07-27
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% ownerSell1.1K$173.56$189K
2026-07-24
filed 2026-07-27
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% ownerSell758$175.25$133K
2026-07-24
filed 2026-07-27
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% ownerSell131$172.67$23K
2026-07-23
filed 2026-07-27
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% ownerSell5.1K$171.56$881K
2026-07-23
filed 2026-07-27
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% ownerSell2.2K$172.14$374K
2026-07-23
filed 2026-07-27
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% ownerSell1.4K$170.47$243K
2026-07-23
filed 2026-07-27
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% ownerSell1.3K$169.77$215K
2026-07-22
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% ownerSell5.8K$172.29$998K
2026-07-22
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% ownerSell4.1K$171.70$701K
2026-07-22
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% ownerSell125$170.87$21K
2026-07-21
filed 2026-07-22
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL10% ownerSell8.4K$170.41$1.4M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
9.1M
settled 2026-07-15
Change vs prior
-8.6%
vs previous settlement
Days to cover
4.30
at avg daily volume
Avg daily volume
2.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-159.1M-8.6%4.30
2026-06-309.9M+20.4%3.65
2026-06-158.2M-2.7%4.23
2026-05-298.5M-19.3%4.53
2026-05-1510.5M+17.5%5.32
2026-04-308.9M-5.4%4.30
2026-04-159.4M+8.8%4.98
2026-03-318.7M+13.7%4.29

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$11.69B$11.20B$11.16B$10.42B$8.97B
Gross profit$3.92B$5.30B$5.00B$4.50B$4.05B
Operating income$1.44B$2.90B$2.56B$2.26B$2.04B
Net income$883.3M$2.22B$1.86B$1.64B$1.48B
Diluted EPS

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.28B$2.53B$2.32B$2.33B$2.08B
Capital expenditure$454.6M$605.9M$771.1M$519.5M$495.9M
Free cash flow$1.82B$1.93B$1.55B$1.81B$1.59B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$3.10B10.6%$435.1M
Q4 FY2025$3.09B7.0%$320.0M
Q3 FY2025$3.18B6.5%$276.3M
Q2 FY2025$2.61B26.0%$62.7M
Q1 FY2025$2.81B-13.8%$224.2M
Q4 FY2024$2.89B8.7%$796.6M
Q3 FY2024$2.99B-1.4%$446.3M
Q2 FY2024$2.07B-16.7%$180.9M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Staples
SIC industrySugar & Confectionery Products
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2021
SEC CIK47111

Recent SEC filings

10-K2026-02-17
View on EDGAR →
10-K2025-02-18
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-07-30
View on EDGAR →
10-Q/A2025-07-03
View on EDGAR →
8-K2026-06-09
View on EDGAR →
8-K2026-05-28
View on EDGAR →

Largest Consumer Staples peers

All Consumer Staples companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.