What are Hershey's profit margins?

Hershey (HSY) runs a 35.0% gross margin and a 14.3% operating margin, with a 9.1% net margin.

Where do Hershey's ratios come from?

Every ratio is computed from Hershey's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Hershey HSY Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	35%+1.5pp	33.5%-4.2pp	37.7%-2.4pp	40.1%-2.4pp	42.5%-4.8pp
Operating margin	14.3%+2.0pp	12.3%-4.5pp	16.8%-1.9pp	18.7%-1.8pp	20.5%-5.3pp
Net margin	9.1%+1.6pp	7.6%-4.3pp	11.8%-1.7pp	13.5%-1.8pp	15.3%-4.5pp
EBITDA margin	18.6%+2.0pp	16.6%-4.5pp	21.2%-1.8pp	23%-1.9pp	24.9%-5.1pp
Free cash flow margin	16.1%+0.5pp	15.6%-0.4pp	16%+1.4pp	14.6%-2.3pp	16.9%-0.3pp
Returns
Return on assets	7.9%+1.2pp	6.6%-3.8pp	10.4%-1.4pp	11.7%-0.8pp	12.5%-5.4pp
Efficiency
Asset turnover	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.9×+0.1×	0.8×-0.1×
Inventory turnover	5.4×-0.4×	5.8×+1.0×	4.8×+0.7×	4.1×-0.7×	4.7×+0.2×
Liquidity
Current ratio	1.2×0.0×	1.2×-0.2×	1.4×-0.2×	1.5×-0.1×	1.6×+0.6×
Quick ratio	0.8×+0.1×	0.7×-0.1×	0.8×-0.1×	0.9×-0.2×	1.1×+0.5×
Cash ratio	0.3×0.0×	0.3×-0.1×	0.4×0.0×	0.3×-0.2×	0.5×+0.3×
Leverage
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×-0.1×
Net debt / EBITDA	-0.1×0.0×	-0.2×+0.1×	-0.2×-0.1×	-0.1×+0.2×	-0.3×-0.6×
Valuation
Market capitalization	$42.14B+14.2%	$36.9B-2.7%	$37.92B+8.8%	$34.86B+0.6%	$34.64B+1.1%
Enterprise value	$41.83B+14.3%	$36.6B-2.1%	$37.39B+8.2%	$34.54B+2.5%	$33.71B-4.4%
Price / earnings	38.5×-3.3×	41.8×+13.9×	27.9×+5.1×	22.8×+1.8×	21×+5.6×
Price / sales	3.5×+0.4×	3.2×-0.1×	3.3×+0.2×	3.1×-0.1×	3.2×+0.2×
EV / EBITDA	18.8×-0.1×	18.8×+3.4×	15.4×+2.1×	13.3×+0.7×	12.6×+2.1×
EV / sales	3.5×+0.4×	3.1×-0.1×	3.3×+0.2×	3.1×-0.1×	3.1×0.0×
Free cash flow yield	4.6%-0.4pp	4.9%+0.1pp	4.9%+0.1pp	4.7%-0.5pp	5.3%-0.4pp
Earnings yield	2.6%+0.2pp	2.4%-1.2pp	3.6%-0.8pp	4.4%-0.4pp	4.8%-1.7pp
Dividend yield	2.6%-0.3pp	2.9%+0.1pp	2.9%-0.2pp	3.1%0.0pp	3.1%0.0pp

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Questions, answered.

What are Hershey's profit margins?: Hershey (HSY) runs a 35.0% gross margin and a 14.3% operating margin, with a 9.1% net margin.
Where do Hershey's ratios come from?: Every ratio is computed from Hershey's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.