Fundamental analysis · SEC EDGAR · TTM through 27/09/2026
HSY · NYSE · Consumer
Fundamental quality
72
out of 100
Hershey Co runs like a cash machine: it converts about 17.3% of revenue into free cash flow and holds a 14.6% net margin, though it grows at a measured pace. On fundamental quality it scores 72 out of 100, profiling it as a company of reasonable quality. Its weakest area is its growth (revenue +7.4%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Hershey is America's chocolate: Reese's, Kisses and the bar bearing its name, plus a growing salty-snacks business. A century-old machine of sweet margins controlled by a charitable trust, facing its worst enemy in decades: the price of cocoa.
EPS growth: 6.1% · Revenue growth: 7.4%
Net margin: 14.6% · ROE: 36.8% · ROIC: 21%
Net debt/EBITDA: 1.46x · FCF: 17.3%
Source: SEC EDGAR · TTM through 27/09/2026
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.
Percentile against the other 98 Consumer companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 8,150 | 1,279 | 1,258 | 3,385 |
| 2021 | 8,971 | 1,478 | 1,587 | 3,760 |
| 2022 | 10,419 | 1,645 | 1,808 | 3,634 |
| 2023 | 11,165 | 1,862 | 1,552 | 3,692 |
| 2024 | 11,202 | 2,221 | 1,926 | 3,064 |
| 2025 | 11,693 | 883 | 1,823 | 4,259 |
Between 2020 and 2025, revenue went from $8,150M to $11,693M (+43%) and net income went from $1,279M to $883M (-31%). Meanwhile, its margins have narrowed (from 16% to 8%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the nine months ended September 27, 2026, versus the nine months ended September 28, 2025 (SEC filings):
Compared with the previous close (June 28, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
122.9% of earnings
Payout
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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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).
Compute the valuation →Is Hershey Co a good company to invest in?
In terms of business quality, Hershey Co scores 72 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Hershey Co a profitable company?
Yes. Hershey Co shows a net margin of 14.6% and an ROE of 36.8%, a sign of a profitable business.
Does Hershey Co have a lot of debt?
Not particularly. Its net debt is 1.46 times its EBITDA, a low level.
Is Hershey Co growing?
Its revenue has grown 7.4% annualized in recent years and its earnings per share 6.1%, and without interruption since 2020.
Does Hershey Co generate cash?
Yes. It converts about 17.3% of its revenue into free cash flow, and has done so positively year after year.
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.
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Who's behind the methodology and model · how the score is computed
Data: see Hershey Co's filings on EDGAR
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