Hershey Co (HSY) Financial Statements
Industry: Sugar & Confectionery Products
In fiscal 2025, Hershey reported revenue of $11.69B, up 4.4% from $11.20B the year before. Net income was $883.3M (a 7.6% net margin), or $4.34 per diluted share. Gross margin was 33.5% and operating margin was 12.3%. Operating activities generated $2.28B of cash, leaving $1.82B of free cash flow. At fiscal year end, Hershey held $13.74B in total assets against $9.10B in total liabilities.
Open the full interactive Hershey financials → Quarterly statements, key ratios, valuation history and price charts.
Hershey Key Stats
| Share Price | $163.05 |
|---|---|
| Market Cap | $33.06B |
| P/E Ratio | 37.6 |
| Revenue YoY Growth | +4.4% |
| 52-Week Range | $157.56 – $232.65 |
| Shares Outstanding | 147.6 million (basic, 2026 Q2) |
Hershey Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $8.15B | $8.97B | $10.42B | $11.16B | $11.20B | $11.69B |
| Cost of Goods Sold | $4.45B | $4.92B | $5.92B | $6.17B | $5.90B | $7.77B |
| Gross Profit | $3.70B | $4.05B | $4.50B | $5.00B | $5.30B | $3.92B |
| Operating Income | $1.78B | $2.04B | $2.26B | $2.56B | $2.90B | $1.44B |
| Pre-Tax Income | $1.49B | $1.80B | $1.92B | $2.17B | $2.47B | $1.21B |
| Income Tax | $219.6M | $314.4M | $272.3M | $310.1M | $252.7M | $330.9M |
| Net Income | $1.28B | $1.48B | $1.64B | $1.86B | $2.22B | $883.3M |
| Diluted EPS | $6.11 | $7.11 | $7.96 | $9.06 | $10.92 | $4.34 |
Hershey Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $3.18B | $3.09B | $3.10B | $2.79B |
| Net Income | $276.3M | $320.0M | $435.1M | $457.7M |
| Diluted EPS | $1.36 | $1.57 | $2.13 | $2.26 |
Hershey Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $2.98B | $2.25B | $2.62B | $2.91B | $3.76B | $3.59B |
| Total Assets | $9.13B | $10.41B | $10.95B | $11.90B | $12.95B | $13.74B |
| Current Liabilities | $1.89B | $2.49B | $3.26B | $3.01B | $3.93B | $3.01B |
| Total Long-Term Debt | $4.53B | $4.09B | $4.10B | $4.09B | $3.80B | $5.18B |
| Total Liabilities | $6.89B | $7.66B | $7.65B | $7.80B | $8.23B | $9.10B |
| Shareholders' Equity | $2.23B | $2.76B | $3.30B | $4.10B | $4.71B | $4.64B |
Hershey Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.70B | $2.08B | $2.33B | $2.32B | $2.53B | $2.28B |
| Cash From Investing | -$531.3M | -$2.22B | -$787.4M | -$1.20B | -$960.3M | -$1.28B |
| Cash From Financing | -$499.2M | -$681.1M | -$1.42B | -$1.15B | -$1.30B | -$803.4M |
| Free Cash Flow | $1.26B | $1.59B | $1.81B | $1.55B | $1.93B | $1.82B |
Figures from Hershey's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Hershey financials page for every line item.
Hershey Company Profile
| Ticker | HSY |
|---|---|
| Exchange | NYSE |
| Industry | Sugar & Confectionery Products |
| Headquarters | Hershey, Pennsylvania |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000047111 |
Frequently Asked Questions
What was Hershey's revenue in fiscal 2025?
Hershey (HSY) reported revenue of $11.69B for fiscal 2025.
What is Hershey's annual revenue history?
Hershey's annual revenue by fiscal year: 2020: $8.15B; 2021: $8.97B; 2022: $10.42B; 2023: $11.16B; 2024: $11.20B; 2025: $11.69B.
What was Hershey's net income in fiscal 2025?
Hershey reported net income of $883.3M for fiscal 2025.
What was Hershey's earnings per share (EPS) in fiscal 2025?
Hershey's diluted EPS was $4.34 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Hershey generate in fiscal 2025?
Hershey generated $1.82B of free cash flow in fiscal 2025.
What was Hershey's revenue last quarter?
In its most recent reported quarter (2026 Q2), Hershey reported revenue of $2.79B.
How much debt does Hershey have?
Hershey reported $5.18B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Hershey are outstanding?
Hershey reported a weighted average of 147.6 million basic shares outstanding in 2026 Q2.
What is Hershey's market cap?
Based on its latest closing price, Hershey (HSY) has a market capitalization of about $33.06B.
When does Hershey's fiscal year end?
Hershey's fiscal year end, as registered with the SEC, is December 31.
Where is Hershey headquartered?
Hershey lists its business address in Hershey, Pennsylvania in its SEC filings.