What is Hershey's D&A?

Hershey (HSY) reported D&A of $133M in Q1 2026.

How has Hershey's D&A changed year-over-year?

Hershey's D&A increased by 11.2% year-over-year, from $119.56M to $133M.

What is the long-term trend for Hershey's D&A?

Over 4 years (2021 to 2025), Hershey's D&A has grown at a 12.5% compound annual growth rate (CAGR), from $315M to $503.7M.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Hershey HSY D&A

D&A at other companies

PepsiCoPEP

$742M+8.5%

Tootsie Roll IndustriesTR

$4.94M+8.0%

Mondelez InternationalMDLZ

$343M+5.9%

Utz BrandsUTZ

$22.5M+20.3%

Campbell SoupCPB

$105M-3.7%

Hormel FoodsHRL

$68.83M+7.6%

Segments

By segment

See full

North America Confectionery$77.52M+11.1%

North America Salty Snacks$26.06M+19.3%

Corporate$22.03M+1.3%

International$7.4M+19.6%

Other financials

Income statement

See full

Revenue$3.1B+10.6%

Gross profit$1.2B+29.5%

Operating income$640.7M+73.5%

Net income$435.1M+94.1%

EPS (diluted)$2.13+93.6%

Balance sheet

See full

Cash & equivalents$877.0M-42.1%

Total debt$568.8M-2.3%

Total equity$4.6B-1.7%

Total assets$13.8B-0.9%

Cash flow

See full

Operating cash flow$468.8M+18.2%

CapEx$114.6M-21.3%

Free cash flow$354.2M+41.0%

Valuation

See full

Market cap$36.33B+4.2%

Enterprise value$36.02B+4.3%

P/E33.2×+10.4×

P/S3×-0.1×

Profitability

See full

Gross margin35%-7.4pp

Operating margin14.3%-6.3pp

Net margin9.1%-6.2pp

FCF margin16.1%-0.9pp

Returns & leverage

See full

Return on equity18.9%-31.5pp

Debt / equity0.1×-0.2×

Current ratio1.2×-0.4×

Where this comes from

Reported directly by Hershey in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The official record: Hershey’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hershey's D&A?: Hershey (HSY) reported D&A of $133M in Q1 2026.
How has Hershey's D&A changed year-over-year?: Hershey's D&A increased by 11.2% year-over-year, from $119.56M to $133M.
What is the long-term trend for Hershey's D&A?: Over 4 years (2021 to 2025), Hershey's D&A has grown at a 12.5% compound annual growth rate (CAGR), from $315M to $503.7M.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.