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Hershey HSY Free cash flow margin

Free cash flow margin at other companies

PepsiCo logo
PepsiCoPEP
9.3%+1.3pp
Mondelez International logo
Mondelez InternationalMDLZ
6.6%-2.5pp
General Mills logo
General MillsGIS
9%-3.6pp
Hormel Foods logo
Hormel FoodsHRL
5.7%-0.3pp
McCormick & Company, Incorporated logo
McCormick & Company, IncorporatedMKC
9.6%0.0pp
The Kraft Heinz Company logo
The Kraft Heinz CompanyKHC
15.8%+3.3pp

Other financials

Income statement

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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

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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

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Operating cash flow$468.8M+18.2%
CapEx$114.6M-21.3%
Free cash flow$354.2M+41.0%

Valuation

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Market cap$35.02B+21.6%
Enterprise value$34.71B+24.1%
P/E32×+14.5×
P/S2.9×+0.2×

Profitability

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Gross margin35%-7.4pp
Operating margin14.3%-6.3pp
Net margin9.1%-6.2pp

Returns & leverage

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Return on equity18.9%-31.5pp
Debt / equity0.1×-0.2×
Current ratio1.2×-0.4×

Where this comes from

Calculated from Hershey’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
Hershey (HSY) reported free cash flow margin of 16.1% in Q1 2026.
How has Hershey's free cash flow margin changed year-over-year?
Hershey's free cash flow margin decreased by 5.1% year-over-year, from 16.9% to 16.1%.
What is the long-term trend for Hershey's free cash flow margin?
Over 5 years (2020 to 2025), Hershey's free cash flow margin has grown at a 0.2% compound annual growth rate (CAGR), from 15.4% to 15.6%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.