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Hershey HSY Debt-to-equity

Debt-to-equity at other companies

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Other financials

Income statement

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Revenue$2.8B+6.6%
Gross profit$1.3B+58.7%
Operating income$642.6M+233%
Net income$457.7M+630%
EPS (diluted)$2.26+629%

Balance sheet

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Cash & equivalents$791.2M-13.3%
Total debt$5.5B+828%
Total equity$4.6B-1.7%
Total assets$14.0B+2.4%

Cash flow

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Operating cash flow$419.3M+274%
CapEx$89.8M+5.6%
Free cash flow$329.5M+1,115%

Valuation

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Market cap$35.17B-8.9%
Enterprise value$39.88B+4.2%
P/E23.6×-1.6×
P/S2.9×-0.5×

Profitability

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Gross margin38.4%-1.7pp
Operating margin17.8%-0.9pp
Net margin12.2%-1.3pp
FCF margin18.3%+3.7pp

Returns & leverage

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Return on equity18.9%-31.5pp
Current ratio1.2×-0.3×

Where this comes from

Calculated from Hershey’s reported figures.

Based on the most recent quarter.

The source filing: Hershey’s 10-K, filed February 17, 2026. Open the filing →

Filed
Feb 17, 2026, 4:20 PM EST
Fiscal year
FY2025
Accession
0001628280-26-008586

FAQ

What is Hershey's debt-to-equity?
Hershey (HSY) reported debt-to-equity of 1.1× in Q4 2025.
How has Hershey's debt-to-equity changed year-over-year?
Hershey's debt-to-equity increased by 212.7% year-over-year, from 0.4× to 1.1×.
What is the long-term trend for Hershey's debt-to-equity?
Over 5 years (2020 to 2025), Hershey's debt-to-equity has grown at a 47.0% compound annual growth rate (CAGR), from 0.2× to 1.1×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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