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Hershey HSY Return on equity

Return on equity at other companies

PepsiCo logo
PepsiCoPEP
43.9%-6.1pp
Mondelez International logo
Mondelez InternationalMDLZ
10.1%-3.1pp
General Mills logo
General MillsGIS
23.8%-3.6pp
Church & Dwight logo
Church & DwightCHD
16.8%+3.4pp
The Kraft Heinz Company logo
The Kraft Heinz CompanyKHC
-9.7%-12.5pp
PFG
Performance Food GroupPFGC
7.3%-1.8pp

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
Net margin9.1%-6.2pp

Returns & leverage

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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 return on equity?
Hershey (HSY) reported return on equity of 18.9% in Q4 2025.
How has Hershey's return on equity changed year-over-year?
Hershey's return on equity decreased by 62.5% year-over-year, from 50.4% to 18.9%.
What does return on equity mean?
How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?
Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?
Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.