HERSHEY CO

HSYCIK 000004711119 fiscal years

RevenueFY2025

$11.69B4.4%

Net incomeFY2025

$883.3M60.2%

Free cash flowFY2025

$1.82B5.3%

Trends

FY2007–FY2025 · hover a year for its filing

Revenue & net incomeRevenueNet income

revenue 2.4× since FY2007 · net margin 4.3% → 7.6%

MarginsNet marginFCF margin

FY2025: net 7.6% · free cash flow 15.6% of revenue

Cash flowOperating cash flowFree cash flow

FY2025: $2.28B operating cash − $454.6M capex = $1.82B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 98% (FY2008) → 19% (FY2025) · on assets 6.4%

Balance sheetLiabilitiesEquity

FY2025: $13.74B assets · $9.10B liabilities · $4.64B equity

Financial statements

Annual Quarterly

USD millions, except per-share values; share counts in millions. Hover a value for its XBRL tag and filing accession.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	11,693	11,202	11,165	10,419	8,971	8,150	7,986	7,791	7,515	7,440	7,387	7,422
Net income	883	2,221	1,862	1,645	1,478	1,279	1,150	1,178	783	720	513	847
Diluted shares	—	—	—	—	—	—	—	—	—	—	—	225
Operating cash flow	2,277	2,532	2,323	2,328	2,083	1,700	1,764	1,600	1,250	1,013	1,256	844
Capital expenditures	455	606	771	519	496	442	318	329	258	269	357	371
Free cash flow	1,823	1,926	1,552	1,808	1,587	1,258	1,446	1,271	992	744	900	474
Cash & equivalents	926	731	402	464	329	1,144	493	588	380	297	347	375
Total assets	13,741	12,947	11,903	10,949	10,412	9,132	8,140	7,703	5,554	5,524	5,344	5,623
Total liabilities	9,105	8,232	7,804	7,649	7,655	6,894	6,395	6,296	4,622	4,697	4,297	4,103
Shareholders' equity	4,637	4,715	4,099	3,300	2,757	2,234	1,739	1,399	915	786	998	1,455

As reported in SEC filings; a missing tag shows “—”, never zero. Free cash flow is operating cash flow − capex. Methodology