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The Hershey (HSY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

The Hershey
NYSE•Consumer Defensive•Confectioners
$169.67+4.04(0.02%)Market open

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. It operates through three segments: North America Confectionery, North America Salty Snacks, and International. The company offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels. It provides its products primarily under the Hershey's, Reese's, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Payday, Rolo, Twizzlers, Sour Strips, Whoppers, York, Ice Breakers, Breath Savers, Bubble Yum, Lily's, SkinnyPop, Pirates Booty, Dot's Homestyle Pretzels, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands. The company markets and sells its products to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores. It exports its products in approximately 65 countries worldwide. The Hershey Company was founded in 1894 and is based in Hershey, Pennsylvania.

A

How this company scores

ExcellentMetricSide Score: 85.5/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (16/25).

Profitability25/25
Growth19.5/25
Balance Sheet & Red Flags16/25
Cash & Earnings Quality25/25
Strengths
Rising free cash flowStrong marginsHigh ROERising earnings

No red flags in the last 8 quarters.

Price & Volume

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$12.26B
6Q
Q. Revenue
$3.28B
3%
TTM EBITDA
$3.08B
3Q
TTM Op. Income
$2.55B
3Q
Q. Op. Income
$817.65M
5Q
TTM Net Income
$1.79B
3Q
Q. Net Income
$580.81M
5Q
EPS
N/A
Shares Out.
$0
$12.26B in TTM revenue grew 6.7% YoY, reaching $3.28B last quarter. TTM EBITDA of $3.08B and TTM operating income of $2.55B show growth is flowing through to the bottom line. TTM net income of $1.79B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
46.1%
5Q
EBITDA Margin
29.1%
5Q
Op. Margin
25.0%
5Q
Net Margin
17.7%
5Q
Op. margin of 25.0% is up 11.3% YoY — cost efficiency is improving. Net margin at 17.7% and gross margin of 46.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 5 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
N/A
P/B Ratio
N/A
P/S of 0.0x and P/B of 0.0x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$13.89B
2%
Cash
$676.69M
4Q
Long-Term Debt
$4.49B
4%
Book Value
$4.88B
7%
D/E Ratio
0.9
10%
Debt/EBITDA
4.7
5Q
With $13.89B in assets and $4.49B in long-term debt, D/E is 0.9and book value is $4.88B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 10% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$750.68M
11%
TTM Free Cash Flow
$2.12B
15%
FCF Margin
17.3%
8%
FCF / Net Income
1.2
3Q
TTM FCF of $2.12B on $750.68M in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 15% — a weakening trend.

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