Is Hershey Company (HSY) overvalued or fairly valued?

MarketChacha shows Hershey Company's valuation in context — a forward P/E of about 17.6, a price-to-book of about 7.7 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Hershey Company's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.44×) from reported figures — education, not a rating.

What is Hershey Company's revenue?

Hershey Company reported revenue of $11.7B for FY2025, with net profit of $883.3M, per official filings.

What is the share price of Hershey Company (HSY)?

Hershey Company last traded at $173.15 (-1.1% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Hershey Company

HSY · NYSE · Consumer Staples · United States

Snapshot

TickerHSY

ExchangeNYSE

SectorConsumer Staples

IndustryConfectioners

CountryUnited States

Employees17,550

HeadquartersHershey, United States

Websitewww.thehersheycompany.com

Filings tracked20

About Hershey Company

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. It operates through three segments: North America Confectionery, North America Salty Snacks, and International. The company offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels. It provides its products primarily under the Hershey's, Reese's, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Payday, Rolo, Twizzlers, Sour Strips, Whoppers, York, Ice Breakers, Breath Savers, Bubble Yum, Lily's, SkinnyPop, Pirates Booty, Dot's Homestyle Pretzels, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands. The company markets and sells its products to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores. It exports its products in approximately 65 countries worldwide. The Hershey Company was founded in 1894 and is based in Hershey, Pennsylvania.

Who owns it

Insiders0.3%
Institutions91.7%
Public & other8.0%

1,861 institutional holders

Ownership breakdown from public market data.

Top holders

Hershey Trust Company38.24%
Blackrock Inc.8.97%
Vanguard Capital Management LLC6.62%
Vanguard Portfolio Management LLC4.97%
State Street Corporation4.94%
Morgan Stanley3.86%
Charles Schwab Investment Management, Inc.3.25%
Geode Capital Management, LLC2.93%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 9.1 points over the period — profitability is trending down.

Cash conversion1.44×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend16.7% → 7.6%

Margin has compressed by about 9.1 points over the period — profitability is trending down.

Return on equity19.0%

Latest ROE of 19.0% — capital is generating a healthy return.

Growth qualityrev 2% · PAT -31%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $3.2B · EPS 2.14

Est. earnings growth +25.0%

Next fiscal year

Rev $12.6B · EPS 9.87

Est. earnings growth +16.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$11.7B

Net margin

7.6%

ROE

19.0%

Revenue CAGR (2y)

+2.3%

Profit CAGR (2y)

-31.1%

Net profit (FY2025)

$883.3M

Ask MarketChacha about HSY

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Financials

Yearly

Period	Revenue	Net profit	Net margin	ROE
FY2025	$11.7B	$883.3M	7.6%	19.0%
FY2024	$11.2B	$2.2B	19.8%	47.1%
FY2023	$11.2B	$1.9B	16.7%	45.4%

Quarterly

Period	Revenue	Net profit	Net margin
2026Q2	$2.8B	$457.7M	16.4%
2026Q1	$3.1B	$435.1M	14.0%
2025Q3	$3.2B	$276.3M	8.7%
2025Q2	$2.6B	$62.7M	2.4%
2025Q1	$2.8B	$224.2M	8.0%
2024Q3	$3.0B	$446.3M	14.9%
2024Q2	$2.1B	$180.9M	8.7%
2024Q1	$3.3B	$797.5M	24.5%
2023Q4	$3.0B	$518.6M	17.1%
2023Q3	$2.5B	$407.0M	16.3%
2023Q2	$3.0B	$587.2M	19.7%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q — THE HERSHEY COMPANY FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 28, 2026
SEC7/30/2026
8-K — Results of operations, Exhibits
SEC7/30/2026material
8-K — Executive/director change, Exhibits
SEC6/9/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC5/28/2026material
8-K — Shareholder vote results, Exhibits
SEC5/8/2026material
8-K — Results of operations, Exhibits
SEC4/30/2026material
10-Q — THE HERSHEY COMPANY FORM 10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 29, 2026
SEC4/30/2026
8-K — Executive/director change, Exhibits
SEC4/14/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC3/31/2026material
10-K — THE HERSHEY COMPANY FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2025
SEC2/17/2026
8-K — Results of operations, Exhibits
SEC2/5/2026material

2025

8-K — Bylaw/charter change, Exhibits
SEC12/5/2025material
8-K — Results of operations, Exhibits
SEC10/30/2025material
10-Q — THE HERSHEY COMPANY FORM 10-Q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 28, 2025
SEC10/30/2025
8-K — Material agreement, Termination of agreement, Material financial obligation, Exhibits
SEC10/21/2025material
8-K — Executive/director change, Exhibits
SEC8/27/2025material
8-K — Other events, Exhibits
SEC8/18/2025material
8-K — Executive/director change, Exhibits
SEC8/4/2025material
8-K — Results of operations, Exhibits
SEC7/30/2025material
10-Q — THE HERSHEY COMPANY FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 29, 2025
SEC7/30/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.