The Hershey

The Hershey

Food Products
Hershey is a leading US confectionery manufacturer (around a $54 billion market, according to Euromonitor), controlling around 36% of the domestic chocolate aisle. Beyond its namesake label, the firm's portfolio has expanded over the last 85 years and now comprises 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the US, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confectionery business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its portfolio, as well as Pirate Brands and Dot's Pretzels over the past few years.

$32.7B

Market Cap • 10/9/2026

1927

(99 years)

Founded

1947

(79 years ago)

IPO

NYSE

Listing Exchange

Flag of United States

United States

Country

S&P500 Participant

Index Composite • 2026

Valuation

P/B

7,2

P/S

2,7

P/EBITDA

12,1

P/OCF

12,3

P/FCF

14,7

P/E

22,2

BVPS

22,7

EPS

7,3

Market Cap

Market Cap

32,7B

EV

37,5B

EV/Revenue

3,1

EV/EBITDA

13,9

EV/EBIT

17,3

Payout

Dividend Per Share

6,9

Dividend Yield

4,2%

Buyback Yield

1,3%

Total Yield

5,5%

Dividend Yield 5Y

3,8%

Payout

75%

Retained Earnings

5,8B

Profitability

Gross Margin

38,4%

EBITDA Margin

22,1%

EBIT Margin

17,8%

Net Margin

12,2%

D&A/EBITDA

0%

R&D/Revenue

0%

Capex/Revenue

3,5%

Capex/D&A

80,9%

Capex/OCF

16,1%

SBC/OCF

2,6%

% PPE

24,9%

% Goodwill

21,4%

ROE

32,8%

ROIC

15,8%

Growth

CAGR Revenue 5Y

7%

CAGR Op. Income 5Y

1,3%

CAGR Net Income 5Y

0,7%

CAGR EPS 5Y

1,2%

CAGR OCF 5Y

4,8%

Leverage

N.D./EBITDA

1,8

Debt/Equity

0%

Current Ratio

1,2

Quick Ratio

0,5

Interest Coverage

1085,1%

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