Hershey HSY
- Market cap
- $34.1B
- PE
- 23.2×
- 10y median 26.0×
- Forward PE
- 18.4×
- 10y median 23.7×
- Price to sales
- 2.8×
- EV/EBIT
- 17.7×
- Revenue, 12 months
- $12.2B
- +8% on a year ago
- Net margin
- 12.2%
- Free cash flow yield
- 6.5%
Hershey trades at 23.2× trailing earnings, cheaper than 71% of the last ten years. Revenue was $12.2B over the last twelve months, up 8% on a year earlier with a 12% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $3B+11% | $2.7B+0% | $3.3B+9% | $2.1B−17% | $3B−1% | $2.9B+9% | $2.8B−14% | $2.6B+26% | $3.2B+7% | $3.1B+7% | $3.1B+11% | $2.8B+7% | |
| Cost of revenue | $1.7B+3% | $1.5B+2% | $1.6B−2% | $1.2B−9% | $1.8B+5% | $1.3B−13% | $1.9B+18% | $1.8B+47% | $2.1B+22% | $1.9B+46% | $1.9B+1% | $1.5B−16% |
| Gross profit | $1.4B+23% | $1.1B−2% | $1.7B+21% | $833.7M−26% | $1.2B−9% | $1.6B+39% | $944.3M−44% | $796.3M−5% | $1B−16% | $1.1B−27% | $1.2B+30% | $1.3B+59% |
| SG&A | $624.3M+13% | $658.8M+7% | $618M+6% | $541M−5% | $591.9M−5% | $622.7M−6% | $558.7M−10% | $603.2M+12% | $600.5M+2% | $698.1M+12% | $576M+3% | $620.6M+3% |
| $735.9M+32% | $464.3M−12% | $1.1B+32% | $287.8M−49% | $613.2M−17% | $939.1M+102% | $369.2M−65% | $192.8M−33% | $434.6M−29% | $444.9M−53% | $640.7M+74% | $642.6M+233% | |
| Interest expense | $41.8M+16% | $40.1M+9% | $41.6M+6% | $44.3M+10% | $46.6M+11% | $41.8M+4% | $50.6M+22% | $57.3M+29% | $59.2M+27% | $57.7M+38% | $54.8M+8% | $55.8M−3% |
| Pre-tax income | $653.4M+38% | $319.7M−12% | $986.3M+30% | $245.9M−44% | $518.7M−21% | $723.1M+126% | $323.7M−67% | $149.1M−39% | $371.9M−28% | $369.5M−49% | $592.7M+83% | $588.3M+295% |
| $134.8M+83% | −$29.4M−12% | $188.8M+10% | $65M+100% | $72.4M−46% | −$73.5M+150% | $99.5M−47% | $86.4M+33% | $95.6M+32% | $49.5M | $157.6M+59% | $130.6M+51% | |
| Net income | $518.6M+30% | $349M−12% | $797.5M+36% | $180.9M−56% | $446.3M−14% | $796.6M+128% | $224.2M−72% | $62.7M−65% | $276.3M−38% | $320M−60% | $435.1M+94% | $457.7M+630% |
| $2.52+30% | $1.70−12% | $3.89+37% | $0.89−55% | $2.20−13% | $3.92+131% | $1.10−72% | $0.31−65% | $1.36−38% | $1.57−60% | $2.13+94% | $2.26+629% | |
| 205.5M−0% | n/a | 204.9M−1% | 203M−1% | 203M−1% | n/a | 203.1M−1% | 203.2M+0% | 203.5M+0% | n/a | 203.9M+0% | 202.7M−0% |
Gross profit: 31 periods, Q3 FY08 to Q3 FY16: not printed by the filing, worked out from its own lines.
Operating income: 24 periods, Q3 FY08 to Q4 FY14: not printed by the filing, worked out from its own lines.
EPS, diluted: 7 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. Q3 FY15: quarter's net income to common over its shares, to the cent.
Diluted shares: Q4 FY10: not printed by the filing, worked out from its own lines. 3 periods, Q4 FY11 to Q4 FY13: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $3.3B | $3.2B to $3.3B | $2.12 | $2.04 to $2.22 | 12 |
| Q4 FY26 | $3.2B | $3.1B to $3.2B | $2.13 | $2.09 to $2.15 | 11 |
| Q1 FY27 | $3.2B | $3.1B to $3.2B | $2.82 | $2.79 to $2.85 | 4 |
| Q2 FY27 | $2.8B | $2.8B to $2.9B | $2.14 | $2.12 to $2.17 | 4 |
| Q3 FY27 | $3.3B | $3.3B to $3.4B | $2.55 | $2.52 to $2.58 | 5 |
| Q4 FY27 | $3.2B | $3.2B to $3.3B | $2.42 | $2.39 to $2.45 | 8 |
| Q1 FY28 | $3.3B | $3.2B to $3.3B | $2.78 | $2.75 to $2.81 | 5 |
| Q2 FY28 | $2.9B | $2.9B to $2.9B | $2.19 | $2.17 to $2.22 | 5 |
Peers
Companies in Consumer Defensive nearest Hershey's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| HSYHershey | $34.1B | 23.2× | 26.0× | 18.4× | 2.8× | +8% | 12.2% |
| KMBKimberly-Clark | $36.6B | 18.7× | 21.4× | 15.8× | 2.2× | +1% | 11.8% |
| KVUEKenvue | $37.6B | 22.5× | 24.1× | 16.2× | 2.4× | +2% | 10.8% |
| ADMArcher-Daniels-Midland | $38.6B | 22.0× | 15.4× | 13.5× | 0.5× | −1% | 2.2% |
| SYYSysco | $39B | 22.2× | 24.3× | 16.0× | 0.5× | +4% | 2.1% |
| ELEstée Lauder Companies | $39.3B | 222× | 44.6× | 32.8× | 2.6× | +5% | 1.2% |
| KRKroger | $39.4B | 36.1× | 15.7× | 12.5× | 0.3× | +2% | 0.7% |
| KHCKraft Heinz | $29.4B | n/m | 20.0× | 12.5× | 1.2× | −2% | −13.6% |
| DGDollar General | $29.3B | 17.3× | 19.3× | 16.5× | 0.7× | +5% | 3.9% |
| CHDChurch & Dwight | $25B | 33.8× | 29.4× | 26.9× | 4.0× | +3% | 12.0% |
| KDPKeurig Dr Pepper | $47.2B | 35.0× | 25.9× | 14.2× | 2.3× | +27% | 7.1% |
| Peer median | $38.1B | 22.5× | 22.8× | 15.9× | 1.7× | +2% | 3.0% |
Investors who own it
Investors we follow who held Hershey at the end of Jun 30, 2026, from their 13F filings.
- Tom GaynerMarkel Group0.1% of portfolio
- Lee AinslieMaverick Capital0.0% of portfoliotrimmed
More on Hershey
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #3of 16Consumer staples stocks with the lowest PEG ratio
- #7of 24Consumer staples stocks with the highest dividend yields
Its groups
About
- Industry
- Food Confectioners
- Sector
- Consumer Defensive
Valuation data, not investment advice. Prices as of .