The Hershey Co

NYSE:HSYConsumer DefensiveCBOE:SPESGNASDAQ:NQUSB451020

$167.00−2.24%At closeAt close · Tue 20 Oct · ≈ AED 613.31 · Market cap $33.55B · Next earnings Thu 29 Oct · Extended $168.30 +0.78%

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	45.4%	45.1%	43.2%	44.8%	47.3%	33.3%	—	—
Operating margin	21.9%	22.8%	21.7%	22.9%	25.9%	12.1%	12.1%	+0.0 pts
Net margin	15.7%	16.5%	15.8%	16.7%	19.8%	7.6%	7.6%	+0.0 pts
EBITDA margin	23.8%	25.0%	23.4%	24.7%	27.7%	16.7%	—	—
Return on equity	57.2%	53.6%	49.8%	45.4%	47.1%	19.0%	19.0%	+0.0 pts
Return on assets	14.0%	14.2%	15.0%	15.6%	17.2%	6.4%	6.4%	+0.0 pts
Return on capital employed	24.6%	25.8%	29.4%	28.8%	32.1%	13.2%	—	—
Debt / equity	2.2×	1.9×	1.6×	1.3×	1.2×	1.2×	1.2×	+0.0%
Debt / assets	52.8%	51.6%	46.7%	43.1%	42.1%	39.3%	—	—
Interest coverage	11.6×	15.7×	16.1×	15.9×	16.6×	6.8×	—	—
Current ratio	1.6×	0.9×	0.8×	1.0×	1.0×	1.2×	1.2×	+0.0%
Quick ratio	1.1×	0.5×	0.4×	0.5×	0.6×	0.7×	—	—
Cash ratio	0.6×	0.1×	0.1×	0.1×	0.2×	0.3×	0.3×	+0.0%
Asset turnover	0.9×	0.9×	1.0×	0.9×	0.9×	0.9×	—	—
Inventory turnover	4.6×	5.0×	5.0×	4.6×	4.7×	5.5×	—	—
Receivables turnover	13.2×	13.4×	14.7×	13.6×	14.0×	16.0×	—	—
Dividend payout	50.1%	46.4%	47.1%	47.8%	48.8%	122.9%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.