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Hershey HSY Net margin

Net margin at other companies

PepsiCo logo
PepsiCoPEP
9.1%-1.1pp
Mondelez International logo
Mondelez InternationalMDLZ
6.6%-3.2pp
General Mills logo
General MillsGIS
12.1%-1.0pp
Church & Dwight logo
Church & DwightCHD
11.8%+2.3pp
The Kraft Heinz Company logo
The Kraft Heinz CompanyKHC
-17.4%-22.6pp
PFG
Performance Food GroupPFGC
0.5%-0.1pp

Other financials

Income statement

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Revenue$3.1B+10.7%
Gross profit$1.2B+29.5%
Operating income$640.7M+73.5%
Net income$435.1M+94.1%

Balance sheet

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Cash & equivalents$877.0M-42.1%
Total debt$5.3B-8.8%
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$35.56B+21.6%
Enterprise value$39.94B+19.6%
P/E32.5×+14.8×
P/S+0.2×

Profitability

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Gross margin35%-7.4pp
Operating margin14.3%-6.3pp

Returns & leverage

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Return on equity18.9%-31.5pp
Debt / equity1.1×+0.1×
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 net margin?
Hershey (HSY) reported net margin of 9.1% in Q1 2026.
How has Hershey's net margin changed year-over-year?
Hershey's net margin decreased by 40.5% year-over-year, from 15.3% to 9.1%.
What is the long-term trend for Hershey's net margin?
Over 4 years (2021 to 2025), Hershey's net margin has grown at a -7.5% compound annual growth rate (CAGR), from 65.9% to 48.3%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.