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Hershey HSY Return on invested capital

Return on invested capital at other companies

PepsiCo logo
PepsiCoPEP
18.1%+4.0pp
Tootsie Roll Industries logo
Tootsie Roll IndustriesTR
9.1%-0.9pp
Hain Celestial Group logo
Hain Celestial GroupHAIN
-29%-214pp
Mondelez International logo
Mondelez InternationalMDLZ
9.6%-3.5pp
SOW
Sow Good Inc.SOWG
-97.4%-104pp
Utz Brands logo
Utz BrandsUTZ
1.4%-1.4pp

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
Operating margin17.8%-0.9pp
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-K, filed February 17, 2026. Open the filing →

Filed
Feb 17, 2026, 4:20 PM EST
Fiscal year
FY2025
Accession
0001628280-26-008586

FAQ

What is Hershey's return on invested capital?
Hershey (HSY) reported return on invested capital of 14.2% in Q4 2025.
How has Hershey's return on invested capital changed year-over-year?
Hershey's return on invested capital decreased by 74.2% year-over-year, from 55.1% to 14.2%.
What is the long-term trend for Hershey's return on invested capital?
Over 5 years (2020 to 2025), Hershey's return on invested capital has grown at a -34.4% compound annual growth rate (CAGR), from 117.5% to 14.2%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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