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Hershey HSY Gross margin

Gross margin at other companies

PepsiCo logo
PepsiCoPEP
54%-0.5pp
Tootsie Roll Industries logo
Tootsie Roll IndustriesTR
35%-0.6pp
Hain Celestial Group logo
Hain Celestial GroupHAIN
19.8%-2.4pp
Mondelez International logo
Mondelez InternationalMDLZ
31.1%-1.4pp
SOW
Sow Good Inc.SOWG
166.6%+123pp
Utz Brands logo
Utz BrandsUTZ
25.4%-0.3pp

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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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
Debt / equity1.1×+0.8×
Current ratio1.2×-0.3×

Where this comes from

Calculated from Hershey’s reported figures.

Based on trailing twelve months.

The source filing: Hershey’s 10-Q, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 10:32 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050900

FAQ

What is Hershey's gross margin?
Hershey (HSY) reported gross margin of 38.4% in Q2 2026.
How has Hershey's gross margin changed year-over-year?
Hershey's gross margin decreased by 4.3% year-over-year, from 40.1% to 38.4%.
What is the long-term trend for Hershey's gross margin?
Over 5 years (2020 to 2025), Hershey's gross margin has grown at a -5.9% compound annual growth rate (CAGR), from 45.4% to 33.5%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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