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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	33.5%-13.8pp	47.3%+2.6pp	44.8%+1.6pp	43.2%-2.0pp
Operating margin	12.3%-13.5pp	25.9%+2.9pp	22.9%+1.2pp	21.7%-1.1pp
Net margin	7.6%-12.3pp	19.8%+3.2pp	16.7%+0.9pp	15.8%-0.7pp
EBITDA margin	16.6%-13.3pp	29.9%+3.2pp	26.7%+1.4pp	25.3%-1.0pp
Free cash flow margin	15.6%-1.6pp	17.2%+3.3pp	13.9%-3.5pp	17.4%-0.3pp
Returns
Return on equity	18.9%-31.5pp	50.4%+0.1pp	50.3%-4.0pp	54.3%-4.9pp
Return on assets	6.6%-11.3pp	17.9%+1.6pp	16.3%+0.9pp	15.4%+0.3pp
Return on invested capital	20.9%-34.3pp	55.1%+5.7pp	49.5%-9.1pp	58.6%-5.6pp
Efficiency
Asset turnover	0.9×0.0×	0.9×-0.1×	1×0.0×	1×+0.1×
Inventory turnover	5.8×+1.2×	4.5×-0.4×	4.9×-0.6×	5.5×+0.4×
Liquidity
Current ratio	1.2×+0.2×	1×0.0×	1×+0.2×	0.8×-0.1×
Quick ratio	0.7×+0.1×	0.6×+0.1×	0.5×+0.1×	0.4×-0.1×
Cash ratio	0.3×+0.1×	0.2×+0.1×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	0.1×-0.2×	0.4×+0.1×	0.3×-0.1×	0.3×-0.2×
Debt-to-assets	0×-0.1×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Net debt / EBITDA	-0.2×-0.5×	0.3×+0.1×	0.2×0.0×	0.2×-0.2×
Valuation
Market capitalization	$36.9B+7.7%	$34.27B-10.2%	$38.16B-19.6%	$47.49B+19.2%
Enterprise value	$36.6B+3.8%	$35.26B-9.3%	$38.87B-19.2%	$48.12B+17.7%
Price / earnings	41.8×+26.4×	15.4×-5.1×	20.5×-8.4×	28.9×+1.9×
Price / sales	3.2×+0.1×	3.1×-0.4×	3.4×-1.1×	4.6×+0.1×
Price / book	8×+0.7×	7.3×-2.0×	9.3×-5.1×	14.4×-0.1×
EV / EBITDA	18.8×+8.3×	10.5×-2.5×	13×-5.2×	18.2×+0.9×
EV / sales	3.1×0.0×	3.1×-0.3×	3.5×-1.1×	4.6×+0.1×
Free cash flow yield	4.9%-0.7pp	5.6%+1.6pp	4.1%+0.3pp	3.8%-0.2pp
Earnings yield	2.4%-4.1pp	6.5%+1.6pp	4.9%+1.4pp	3.5%-0.2pp
Dividend yield	2.9%-0.2pp	3.2%+0.8pp	2.3%+0.7pp	1.6%-0.1pp

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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.