The Hershey financials
$161.41−1.82%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.69B | $11.20B | $11.16B | $10.42B | $8.97B | $8.15B | $7.99B | $7.79B | $7.52B | $7.44B |
| Gross profit | $3.92B | $5.30B | $5.00B | $4.50B | $4.05B | $3.70B | $3.62B | $3.58B | $3.46B | $3.17B |
| Gross margin | 33.5% | 47.3% | 44.8% | 43.2% | 45.1% | 45.4% | 45.4% | 45.9% | 46.0% | 42.6% |
| Operating income | $1.44B | $2.90B | $2.56B | $2.26B | $2.04B | $1.78B | $1.60B | $1.62B | $1.31B | $1.26B |
| Net income | $661.9M | $1.66B | $1.39B | $1.21B | $1.07B | $931.8M | $839.4M | $860.1M | $574.2M | $529.4M |
| Net margin | 5.7% | 14.9% | 12.5% | 11.6% | 12.0% | 11.4% | 10.5% | 11.0% | 7.6% | 7.1% |
| Diluted EPS | $4.34 | $10.92 | $9.06 | $7.96 | $7.11 | $6.11 | $5.46 | $5.58 | $3.66 | $3.34 |
| EBITDA | $1.97B | $3.38B | $2.98B | $2.64B | $2.36B | $2.11B | $2.01B | $2.00B | $1.83B | $1.58B |
| Operating cash flow | $2.28B | $2.53B | $2.32B | $2.33B | $2.08B | $1.70B | $1.76B | $1.60B | $1.25B | $1.01B |
| Free cash flow | $1.82B | $1.93B | $1.55B | $1.81B | $1.59B | $1.26B | $1.45B | $1.27B | $991.8M | $744.0M |
| Diluted shares | 203.4M | 203.5M | 205.5M | 206.6M | 207.8M | 209.4M | 210.7M | 211.0M | 213.7M | 215.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $925.9M | $730.7M | $401.9M | $463.9M | $329.3M | $1.14B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $5.40B | $5.10B | $4.81B | $4.79B | $5.03B | $4.60B |
| Total assets | $13.74B | $12.95B | $11.90B | $10.95B | $10.41B | $9.13B |
| Total liabilities | $9.10B | $8.23B | $7.80B | $7.65B | $7.66B | $6.89B |
| Shareholders' equity | $4.64B | $4.71B | $4.10B | $3.30B | $2.76B | $2.24B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology