The Hershey Company (HSY) Financial Statements
Hershey financial statements at a glance
Hershey reported revenue of $11.69 billion for fiscal year 2025 (ended December 31, 2025), up 4.4% from fiscal year 2024. Net income was $883.26 million, a net margin of 7.6%, and diluted earnings per share were $4.34.
At the end of fiscal year 2025 it had total assets of $13.74 billion, total liabilities of $9.10 billion and shareholders' equity of $4.64 billion, with cash of $925.86 million and total debt of $5.74 billion.
Its operations brought in $2.28 billion of cash; capital spending was $528.22 million, leaving free cash flow of $1.75 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
The Hershey Company
Income Statement
Annual • USD
Hershey key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $11.7B | $11.2B | $11.2B | $10.4B | $9.0B |
| Gross profit | $3.9B | $5.3B | $5.0B | $4.5B | $4.0B |
| Operating income | $1.5B | $2.7B | $2.4B | $2.1B | $2.0B |
| Net income | $883.3M | $2.2B | $1.9B | $1.6B | $1.5B |
| Diluted EPS | $4.34 | – | – | – | $7.11 |
| Total assets | $13.7B | $12.9B | $11.9B | $10.9B | $10.4B |
| Total liabilities | $9.1B | $8.2B | $7.8B | $7.6B | $7.7B |
| Shareholders' equity | $4.6B | $4.7B | $4.1B | $3.3B | $2.8B |
| Cash | $925.9M | – | – | – | $329.3M |
| Total debt | $5.7B | $5.1B | $4.8B | $4.8B | $5.4B |
| Operating cash flow | $2.3B | $2.5B | $2.3B | $2.3B | $2.1B |
| Capital spending | $528.2M | – | – | – | $495.9M |
| Free cash flow | $1.7B | – | – | – | $1.6B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Hershey's revenue in fiscal year 2025?
$11.69 billion, up 4.4% from $11.20 billion in fiscal year 2024.
How much profit does Hershey make?
Hershey reported net income of $883.26 million for fiscal year 2025 (7.6% of revenue); operating income was $1.46 billion.
How much cash and debt does Hershey have?
At the end of fiscal year 2025: cash of $925.86 million and total debt of $5.74 billion.
What is Hershey's free cash flow?
$1.75 billion in fiscal year 2025 (operating cash flow of $2.28 billion minus capital spending of $528.22 million).
