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Hershey HSY Operating margin

Operating margin at other companies

PepsiCo logo
PepsiCoPEP
14.8%+3.4pp
Tootsie Roll Industries logo
Tootsie Roll IndustriesTR
13.7%-1.9pp
Hain Celestial Group logo
Hain Celestial GroupHAIN
-27.5%
Mondelez International logo
Mondelez InternationalMDLZ
11.2%-1.2pp
SOW
Sow Good Inc.SOWG
129.1%
Utz Brands logo
Utz BrandsUTZ
1.5%-2.4pp

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
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 operating margin?
Hershey (HSY) reported operating margin of 17.8% in Q2 2026.
How has Hershey's operating margin changed year-over-year?
Hershey's operating margin decreased by 5.0% year-over-year, from 18.7% to 17.8%.
What is the long-term trend for Hershey's operating margin?
Over 5 years (2020 to 2025), Hershey's operating margin has grown at a -10.8% compound annual growth rate (CAGR), from 21.9% to 12.3%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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