Hershey (HSY) Debt to Equity (2009 - 2026)
Hershey (HSY) reported Debt to Equity of $1.03 for Q1 2026, down 16.9% year-over-year from $1.23 in Q1 2025, and down 8.3% quarter-over-quarter from $1.12 in Q4 2025.
Hershey (HSY) Debt to Equity (2009 - 2026) Analysis & Trends
Hershey (HSY) has 18 years of Debt to Equity data on file, last reported at $1.03 in Q1 2026.
- Debt to Equity for Q1 2026 came in at $1.03, down 16.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.03 (down 16.9% YoY), and the FY2025 annual result was $1.12, up 17.22% from the prior year.
- Debt to Equity declined to $1.03 in Q1 2026 per HSY's latest filing, from $1.12 in the prior quarter.
- Over five years, Debt to Equity peaked at $1.47 in Q3 2022 and troughed at $0.95 in Q4 2024.
- A 5-year average of $1.18 and a median of $1.19 in 2023 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2022 and 2025: Debt to Equity plunged 31.87% in 2022, then advanced 23.78% in 2025.
- A 5-year view of Debt to Equity shows it stood at $1.24 in 2022, then decreased by 11.42% to $1.1 in 2023, then slipped by 13.28% to $0.95 in 2024, then grew by 17.22% to $1.12 in 2025, then retreated by 8.3% to $1.03 in 2026.
- Business Quant data shows HSY's Debt to Equity at $1.03 in Q1 2026, $1.12 in Q4 2025, and $1.13 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Mondelez International | 80.71 Bn | 79.24 Bn | 2.80 Bn | 0.70 |
| 2 | Hershey | 9.96 Bn | 9.08 Bn | 1.22 Bn | 1.03 |
| 3 | Tootsie Roll Industries | 2.93 Bn | 2.87 Bn | 51.29 Mn | 0.00 |
| 4 | Sow Good | 40.34 Mn | 38.02 Mn | - | -0.10 |
| 5 | Rocky Mountain Chocolate Factory | 12.93 Mn | 11.72 Mn | -13.21 Mn | - |
| 6 | Tootsie Roll Industries | - | - | 51.29 Mn | 0.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 1.03 |
| Dec 31, 2025 | 1.12 |
| Sep 28, 2025 | 1.13 |
| Jun 29, 2025 | 1.21 |
| Mar 30, 2025 | 1.23 |
| Dec 31, 2024 | 0.95 |
| Sep 29, 2024 | 1.04 |
| Jun 30, 2024 | 1.20 |
| Mar 31, 2024 | 1.00 |
| Dec 31, 2023 | 1.10 |
| Oct 1, 2023 | 1.24 |
| Jul 2, 2023 | 1.11 |
| Apr 2, 2023 | 1.19 |
| Dec 31, 2022 | 1.24 |
| Oct 2, 2022 | 1.33 |
| Jul 3, 2022 | 1.47 |
| Apr 3, 2022 | 1.40 |
| Dec 31, 2021 | 1.82 |
| Oct 3, 2021 | 1.62 |
| Jul 4, 2021 | 1.80 |