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Hershey HSY Q4 2025 Annual earnings

Reported February 5, 2026 · Before market open

Revenue$3.1BBeat by $110.8MDiluted EPS$1.71Beat by $0.31
Revenue estimate$3.0B
EPS estimate$1.40

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$2.6B
EPS estimate$1.46

Financials

Q4 2025

Income statement

See full
Revenue$3.1B+7.0%
Gross profit$1.1B-26.5%
Operating income$444.9M-52.6%
Net income$320.0M-59.8%
EPS (diluted)$1.57-59.9%

Balance sheet

See full
Cash & equivalents$925.9M+26.7%
Total debt$627.6M-63.6%
Total equity$4.6B-1.7%
Total assets$13.7B+6.1%

Cash flow

See full
Operating cash flow$926.6M-1.6%
CapEx$138.1M+2.6%
Free cash flow$788.5M-2.3%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$36.9B+7.7%
Enterprise value$36.6B+3.8%
P/E41.8×+26.4×
P/S3.2×+0.1×

Profitability

See full
Gross margin33.5%-13.8pp
Operating margin12.3%-13.5pp
Net margin7.6%-12.3pp
FCF margin15.6%-1.6pp

Returns & leverage

See full
Return on equity18.9%-31.5pp
Debt / equity0.1×-0.2×
Current ratio1.2×+0.2×

Segments

By segment

See full
North America Confectionery$2.5B+5.3%
North America Salty Snacks$357.0M+28.0%
International$255.6M+0.4%

Versus estimates

Revenue

Q1 2026$3.1BBeat by $76.2M
Q4 2025$3.1BBeat by $110.8M
Q3 2025$3.2BBeat by $63.6MQ2 2025$2.6BBeat by $91.0MQ1 2025$2.8BBeat by $14.1MQ4 2024$2.9BBeat by $47.2M

Diluted EPS

Q1 2026$2.35Beat by $0.31
Q4 2025$1.71Beat by $0.31
Q3 2025$1.30Beat by $0.23Q2 2025$1.21Beat by $0.22Q1 2025$2.09Beat by $0.15Q4 2024$2.69Beat by $0.29

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Questions, answered.

When did Hershey report Q4 2025 earnings?
Hershey (HSY) reported Q4 2025 earnings on February 5, 2026 before market open.
What were Hershey's Q4 2025 revenue and EPS?
Hershey reported revenue of $3.1B and diluted EPS of $1.71 for Q4 2025.
Did Hershey beat estimates in Q4 2025?
Revenue beat the consensus estimate of $3.0B by $110.8M. EPS beat the consensus estimate of $1.40 by $0.31.
How did Hershey's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.0% from $2.9B a year earlier and diluted EPS declined 36.4% from $2.69.
Where can I find Hershey's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-005604) and the 10-K periodic report (0001628280-26-008586) directly on SEC EDGAR. The filing index links above go to sec.gov.