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Screener / SEC EDGAR /CIK 0000047111 /10-K filed Feb 17, 2026, compared with Feb 18, 2025 /Numbers from the XBRL of the 10-Ks
Consumer staples peers:
HRLMNSTSTZSJMHSYEL
NYSE Consumer staples · Confectionery

Hershey HSY

HSY quote by TradingView

The Hershey Company was incorporated under the laws of the State of Delaware on October 24, 1927 as a successor to a business founded in 1894 by Milton S. Hershey. 10-K, Item 1

Headquarters
Hershey, PA
CEO
Kirk Tanner
Next results
around Feb 4, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $11.7B through the costs to a net profit of $883.3M · income statement of the 10-K

12% operating margin
Revenue to Gross profit: $3.9BRevenue to Cost of revenue: $7.8BGross profit to Operating profit: $1.4BGross profit to Operating expenses: $2.5BOperating profit to Net profit: $883.3MOperating profit to Tax & other: $558.3MOperating expenses to R&D: $61.7MOperating expenses to SG&A: $2.4B Revenue: $11.7B REVENUE $11.7B +4% Y/Y Gross profit: $3.9B · 34% margin GROSS PROFIT $3.9B 34% margin · −26% Y/Y Cost of revenue: $7.8B · 66% of revenue COST OF REVENUE $7.8B 66% of revenue Operating profit: $1.4B · 12% margin OPERATING PROFIT $1.4B 12% margin · −50% Y/Y Operating expenses: $2.5B · 21% of revenue OPERATING EXPENSES $2.5B 21% of revenue Net profit: $883.3M · 8% margin NET PROFIT $883.3M 8% margin · −60% Y/Y Tax & other: $558.3M · 5% of revenue TAX & OTHER $558.3M 5% of revenue R&D: $61.7M · 1% of revenue R&D $61.7M 1% of revenue SG&A: $2.4B · 21% of revenue SG&A $2.4B 21% of revenue
Gross profit $3.9B 34% margin · −26% Y/Y
Operating profit $1.4B 12% margin · −50% Y/Y
Net profit $883.3M 8% margin · −60% Y/Y
The full income statement, year by year

HSY among Consumer staples peers

Six ratios from the latest 10-K. Each corner is the share of 32 peers the company is above, not a score.

Compare
Revenue growth: 4.4%, above 66% of 32 peers (their median 2.0%) REVENUE GROWTH 4.4% · above 66% Gross margin: 41.9%, above 53% of 30 peers (their median 38.9%) GROSS MARGIN 41.9% · above 53% Operating margin: 20.8%, above 75% of 28 peers (their median 13.6%) OPERATING MARGIN 20.8% · above 75% Net margin: 14.6%, above 72% of 32 peers (their median 7.6%) NET MARGIN 14.6% · above 72% FCF margin: 17.3%, above 72% of 32 peers (their median 10.4%) FCF MARGIN 17.3% · above 72% Return on capital: 10.5%, above 38% of 24 peers (their median 12.3%) RETURN ON CAPITAL 10.5% · above 38%
HSY Peer median Below the median

What changed

3 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 17, 2026 against Feb 18, 2025.

Risk factors
3 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: Accounting for the Provisional Valuation of Identifiable Intangible Assets in the Acquisition of LesserEvil, LLC (“As described in Note 2 to the consolidated financial statements, the Company completed the acquisition of LesserEvil, LLC (“LesserEvil”) on November 18, 2025 for consideration of $815.2 million. As of December 31, 2025, the purchase price that has been provisionally allocated to acquired intangible ”). Same as last year: Valuation of Accrued Liabilities for Trade Promotion Activities
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Critical audit matters changed
    New this year: Accounting for the Provisional Valuation of Identifiable Intangible Assets in the Acquisition of LesserEvil, LLC (“As described in Note 2 to the consolidated financial statements, the Company completed the acquisition of LesserEvil, LLC (“LesserEvil”) on November 18, 2025 for consideration of $815.2 million. As of December 31, 2025, the purchase price that has been provisionally allocated to acquired intangible ”). Same as last year: Valuation of Accrued Liabilities for Trade Promotion Activities
  • Receivables -8.9% vs revenue +4.4% (-13.2 pts)
9 more checks with nothing to note
  • Cash from operations $2.3B vs net income $883.3M (FY ending Dec 31, 2025)
  • Inventory +14.0% vs revenue +4.4% (+9.6 pts)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

3 paragraphs in Risk Factors that were not in the 10-K filed Feb 18, 2025. Quoted as filed.

All 3 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    Furthermore, artificial intelligence (“AI”) technologies have developed rapidly, and our business may be adversely affected if we cannot successfully integrate AI into our business in a timely, cost-effective, and compliant manner. Our competitors may incorporate AI into their business more successfully than us, which could have an…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    In November 2025, we completed the acquisition of LesserEvil, LLC, previously a privately held company that produces and sells organic popcorn and puffed snack products to retailers and distributors in the United States and
  3. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    Additionally, compliance with new and evolving laws, regulations or industry standards relating to AI may require significant investment and resources, and may limit our ability to use AI, which may result in reputational harm, legal liability or other adverse effects on our operations and overall business.

New risk paragraphs, against peers

Latest 10-K of each, Consumer staples companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$10.4B$11.2B$11.2B$11.7B
Net income$1.6B$1.9B$2.2B$883.3M
Operating cash flow$2.3B$2.3B$2.5B$2.3B
Free cash flow$1.8B$1.6B$1.9B$1.8B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$11.7B ▲ 4.4% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Hershey, Hershey, PA · from the 10-K filed Feb 17, 2026

The Hershey Company was incorporated under the laws of the State of Delaware on October 24, 1927 as a successor to a business founded in 1894 by Milton S. Hershey. In this report, the terms “Hershey,” “Company,” “we,” “us” or “our” mean The Hershey Company and its wholly-owned subsidiaries and entities in which it has a controlling financial interest, unless the context indicates otherwise. Hershey is a global confectionery leader known for making more moments of goodness through chocolate, sweets, mints, and other great tasting snacks.

Headquarters
Hershey, PA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 29, 2026
Incorporated in
DE

Email alerts

Sources

The 10-K filed Feb 17, 2026 (open at SEC), compared with the 10-K filed Feb 18, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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