{ "ok": true, "cik": "47111", "ticker": "HSY", "name": "HERSHEY CO", "filings": [ { "form": "8-K", "filed": "2026-09-02", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/47111/000162828026060131/0001628280-26-060131-index.htm" }, { "form": "10-Q", "filed": "2026-07-30", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/47111/000162828026050900/0001628280-26-050900-index.htm" }, { "form": "8-K", "filed": "2026-07-30", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/47111/000162828026050769/0001628280-26-050769-index.htm" }, { "form": "8-K", "filed": "2026-06-09", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/47111/000162828026041894/0001628280-26-041894-index.htm" }, { "form": "8-K", "filed": "2026-05-28", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/47111/000162828026038847/0001628280-26-038847-index.htm" }, { "form": "8-K", "filed": "2026-05-08", "items": [ "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/47111/000162828026032947/0001628280-26-032947-index.htm" } ], "events12m": 12, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000047111.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=47111" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up HERSHEY CO ($HSY). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-09-02. 12 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 11692576000, "revenueGrowth1y": 0.043769102725047526, "revenueGrowthPerYear": 0.06847227546161494, "yearsOfData": 5, "operatingMargin": 0.12328574986384523, "operatingMarginPrior": 0.2587184393010591, "netMargin": 0.07554015471013402, "operatingCashFlow": 2277367000, "capitalSpending": 454622000, "freeCashFlow": 1822745000, "researchAndDevelopment": 61655000, "researchShareOfRevenue": 0.0052730039984345625, "cash": 925859000, "longTermDebt": 5184521000, "longTermDebtChange": 0.3660821964731533, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 8971337000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 10419294000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 11164992000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 11202263000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 11692576000 } ], "totalEquity": 4636750000, "totalAssets": 13741297000, "equityRatio": 0.3374317577154471, "returnOnEquity": 0.19049096888984743, "dividendsPaid": 1085296000, "payoutRatio": 1.2287403807943083, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 9625110493.442974, "high": 13811741297.650583, "baseline": 12177518336.845867, "n": 1471, "band": "b10" }, "ifPaceHeld": { "low": 9625110493.442974, "high": 13811741297.650583 } }, "edgarette": "🔖 Exposure: revenue $11.7B (FY2025), total debt $5.2B. Experience: revenue up 4.4% on the year, up 6.8% a year over 4 years; operating margin 12.3%, down from 25.9%. Soundness: equity 33.7% of assets, return on equity 19.0%, payout 122.9% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $9.6B and $13.8B next year (method v3, set from 1,471 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (47 filers, $50M+ revenue, its industry group): operating margin 12.3% against a 7.4% median; growth 4.4% against 2.7%.", "peers": { "sic": 2060, "sicDescription": "Sugar & Confectionery Products", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "20", "growth": [ 0.0273, 50 ], "opMargin": [ 0.0737, 47 ], "equityRatio": [ 0.4422, 46 ], "returnOnEquity": [ 0.0949, 41 ], "payoutRatio": [ 0.7155, 23 ] }, "summary": "Hershey (HSY) grew revenue 4.4% in FY2025 to $11.7 billion, operating margin 12.3% against a 7.4% median for sugar & confectionery products, equity 33.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
HERSHEY CO against its own record and its peers
Operating marginPeer median 7.4%12.3%Revenue, on the yearPeer median 2.7%4.4%Equity of assetsPeer median 44.2%33.7%Return on equityPeer median 9.5%19.0%Payout of profitPeer median 71.5%122.9%Gold tick: the median of 23–46 peers with $50M+ revenue in sugar & confectionery products
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit120.0% paid outMore was paid out than was earned in the year.Growth its own profit can fund0.0%retained x return on equityRevenue growth it managed4.4%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 15, "hits": 15, "rate": 1, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:18:31.771Z", "hash": "d0466bef57225f19", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Hershey (HSY) grew revenue 4.4% in FY2025 to $11.7 billion, operating margin 12.3% against a 7.4% median for sugar & confectionery products, equity 33.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 11692576000, "totalDebt": 5184521000, "cash": 925859000 }, "experience": { "revenueGrowth1y": 0.043769102725047526, "revenueGrowthPerYear": 0.06847227546161494, "operatingMargin": 0.12328574986384523, "operatingMarginPrior": 0.2587184393010591, "netMargin": 0.07554015471013402, "freeCashFlow": 1822745000 }, "soundness": { "equityRatio": 0.3374317577154471, "returnOnEquity": 0.19049096888984743, "payoutRatio": 1.2287403807943083, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 2060, "sicDescription": "Sugar & Confectionery Products", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "20", "growth": [ 0.0273, 50 ], "opMargin": [ 0.0737, 47 ], "equityRatio": [ 0.4422, 46 ], "returnOnEquity": [ 0.0949, 41 ], "payoutRatio": [ 0.7155, 23 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 9625110493.442974, "high": 13811741297.650583, "baseline": 12177518336.845867, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 1471, "sizeBand": "b10" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 15, "rate": 1, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:18:31.771Z", "hash": "d0466bef57225f19", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000047111.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=47111" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }