Fundamental analysis · SEC EDGAR · TTM through 29/03/2026

Fundamental analysis of Hershey Co

HSY · NYSE · Sugar & Confectionery Products

Fundamental quality

REASONABLE

56

out of 100

Breakdown by area

I.GrowthEPS growth: -11.8% · Revenue growth: 4.4%
21
II.ProfitabilityNet margin: 9.1% · ROE: 23.1%
70
III.Financial healthNet debt/EBITDA: 2.16x · FCF: 16.1%
78

Source: SEC EDGAR · TTM through 29/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • Strong return on equity (ROE of 23.1%).
  • Strong free-cash-flow generation (FCF margin of 16.1%).

Risks and weaknesses

  • Declining earnings per share (-11.8% annualized).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$8,971M$1,478M$1,587M
2022$10,419M$1,645M$1,808M
2023$11,165M$1,862M$1,552M
2024$11,202M$2,221M$1,926M
2025$11,693M$883M$1,823M

Between 2021 and 2025, revenue went from $8,971M to $11,693M (+30%) and net income went from $1,478M to $883M (-40%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Hershey Co a profitable company?

Hershey Co is profitable, with a net margin of 9.1%, though a thin one.

Does Hershey Co have a lot of debt?

A moderate level: its net debt is 2.16 times its EBITDA.

Is Hershey Co growing?

Its revenue has grown 4.4% annualized in recent years.

Does Hershey Co generate cash?

Yes. It converts about 16.1% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Hershey Co cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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