US · USD

HSY

Hershey Co

$160.19+0.56% ($0.89)Updated 10/2/26, 5:12 PM

Day's range: $158.78 – $161.00
Day's volume: $189.8M
52-week range: $157.56 – $232.65

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HSY in numbers

Market cap: $35.9B

P/E: 24.08

Dividend yield (12m): 3.57%

Net debt/EBITDA: 2.08

The 12-month dividend yield of HSY is 3.57%, above its 5-year average of 2.41%.

HSY price history

10/06/202510/02/2026

Compare with

HSY risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-12.93%	-7.36%	+1.86%
Volatility (annualized)	33.62%	26.72%	23.70%
Largest drawdown	-32.25%	-32.25%	-42.87%
Positive months	5/12	14/36	26/60

How much did investing in HSY return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $1,018.56 today.

Value today in HSY: $1,018.56

Return over the period: +1.86%

Return per year: +0.37%

In the S&P 500: $1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

HSY fundamentals

Valuation

P/E
24.08
P/B
—
EV/EBITDA
15.40
EV/EBIT
19.17
EV/Revenue
3.41
P/EBIT
16.58
P/S
2.95
P/OCF
13.50
P/FCF
16.09
Earnings yield
5.22%
PEG ratio
—
Earnings per share
$6.65
Book value per share
—

Debt

Net debt
$5.6B
Net debt/EBITDA
2.08
Net debt/Equity
—
Debt/Equity
—
Current ratio
1.18
Quick ratio
0.66
Cash ratio
—

Efficiency

Gross margin
38.38%
EBITDA margin
22.13%
Operating margin
17.78%
Net margin
12.24%
Asset turnover
0.87

Profitability

ROE
—
ROA
10.66%
ROIC
—
Payout
86.06%

What is HSY's fair price?

Two classic value formulas, with today's numbers. The current price is $160.19.

Graham's fair price: —; HSY's earnings per share and book value per share are not available, so the formula cannot be computed.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $75.67; 52.76% below the price

$4.54 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

HSY's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
Dividend yield	3.01%	3.24%	2.39%	1.67%	1.76%	2.07%	2.03%	2.57%
ROE	19.05%	47.11%	45.42%	49.85%	53.59%	57.23%	66.10%	84.19%
ROIC	10.44%	26.51%	24.63%	23.97%	21.66%	22.24%	22.07%	25.60%
Gross margin	33.55%	47.32%	44.76%	43.18%	45.13%	45.42%	45.36%	45.89%
EBITDA margin	16.64%	29.94%	26.70%	25.34%	26.29%	25.49%	23.63%	24.63%
Net margin	7.55%	19.83%	16.68%	15.79%	16.47%	15.69%	14.40%	15.11%
Net debt/EBITDA	2.78	1.52	1.62	1.82	2.13	2.22	2.26	2.02

HSY's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$11.7B	$11.2B	$11.2B	$10.4B	$9B	$8.1B
Cost of revenue	-$7.8B	-$5.9B	-$6.2B	-$5.9B	-$4.9B	-$4.4B
Gross profit	$3.9B	$5.3B	$5B	$4.5B	$4B	$3.7B
EBITDA	$1.9B	$3.4B	$3B	$2.6B	$2.4B	$2.1B
EBIT	$1.4B	$2.9B	$2.6B	$2.3B	$2B	$1.8B
Financial result	—	—	—	—	—	—
Income before tax	$1.2B	$2.5B	$2.2B	$1.9B	$1.8B	$1.5B
Income tax	-$330.9M	-$252.7M	-$310.1M	-$272.3M	-$314.4M	-$219.6M
Net income	$883.3M	$2.2B	$1.9B	$1.6B	$1.5B	$1.3B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does HSY pay dividends?

Dividend yield per year

2.24%2017
2.57%2018
2.03%2019
2.07%2020
1.76%2021
1.67%2022
2.39%2023
3.24%2024
3.01%2025
2.72%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/13/2026	09/15/2026	$1.45
Dividend	05/14/2026	06/15/2026	$1.45
Dividend	02/16/2026	03/16/2026	$1.45
Dividend	11/14/2025	12/15/2025	$1.37
Dividend	08/14/2025	09/15/2025	$1.37
Dividend	05/15/2025	06/16/2025	$1.37
Dividend	02/13/2025	03/14/2025	$1.37
Dividend	11/15/2024	12/16/2024	$1.37
Dividend	08/15/2024	09/16/2024	$1.37
Dividend	05/15/2024	06/14/2024	$1.37
Dividend	02/15/2024	03/15/2024	$1.37
Dividend	11/15/2023	12/15/2023	$1.19

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/16/2023	09/15/2023	$1.19
Dividend	05/17/2023	06/15/2023	$1.04
Dividend	02/15/2023	03/15/2023	$1.04
Dividend	11/16/2022	12/15/2022	$1.04
Dividend	08/17/2022	09/15/2022	$1.04
Dividend	05/18/2022	06/15/2022	$0.90
Dividend	02/16/2022	03/15/2022	$0.90
Dividend	11/17/2021	12/15/2021	$0.90
Dividend	08/18/2021	09/15/2021	$0.90
Dividend	05/19/2021	06/15/2021	$0.80
Dividend	02/17/2021	03/15/2021	$0.80
Dividend	11/18/2020	12/15/2020	$0.80
Dividend	08/19/2020	09/15/2020	$0.80
Dividend	05/20/2020	06/15/2020	$0.77
Dividend	02/19/2020	03/16/2020	$0.77
Dividend	11/20/2019	12/16/2019	$0.77
Dividend	08/21/2019	09/16/2019	$0.77
Dividend	05/22/2019	06/14/2019	$0.72
Dividend	02/20/2019	03/15/2019	$0.72
Dividend	11/19/2018	12/14/2018	$0.72
Dividend	08/22/2018	09/14/2018	$0.72
Dividend	05/23/2018	06/15/2018	$0.66
Dividend	02/21/2018	03/15/2018	$0.66
Dividend	11/20/2017	12/15/2017	$0.66
Dividend	08/22/2017	09/15/2017	$0.66
Dividend	05/22/2017	06/15/2017	$0.62
Dividend	02/21/2017	03/15/2017	$0.62
Dividend	11/18/2016	12/15/2016	$0.62

About Hershey

Sector: Manufacturing

Questions about HSY

How much is HSY today?

HSY is at $160.19 (0.56% on the day), last traded on 10/02/2026.

How much did HSY pay in dividends in 2025?

HSY paid $5.48 per share in 2025, a dividend yield of 3.01%.

How much did HSY return in 12 months?

HSY returned -12.93% in 12 months, with annualized volatility of 33.62% and a largest drawdown of -32.25%.