Hershey (HSY) EV to CFO (2009 - 2026)
Hershey's (HSY) EV to CFO stood at 12.78 in Q3 2026, down 20.9% from 16.15 a year earlier and down 4.2% from the prior quarter.
Powered by 
Analysis
Hershey (HSY) EV to CFO (2009 - 2026) Analysis & Trends
On a TTM basis, Hershey's EV to CFO came in at 11.77 as of Sep 27, 2026, down 20.3% year-over-year; for FY2025, it was 15.80, up 19.3% from FY2024.
- Across earlier years, EV to CFO came in at 13.25 in FY2024 (-18.4%), 16.23 in FY2023 (-19.6%), 20.19 in FY2022 (+6.3%) and 18.99 in FY2021 (+5.5%).
- The Q3 2026 figure is the lowest quarterly EV to CFO since Q2 2018.
- On a year-over-year basis, EV to CFO rose in two of the last eight quarters, with an average decline of 4.8%.
- Peak year-over-year performance for EV to CFO in the last five years was growth of 36.2% in Q1 2022, against a decline of 24.2% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 13.33 (Q2 2026), 18.11 (Q1 2026) and 15.80 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Unilever | 144.56 Bn | 96.02 Bn | - |
| 2 | Mondelez International | 83.86 Bn | 76.87 Bn | 3.92 Bn |
| 3 | Hershey | 34.38 Bn | 31.11 Bn | 1.51 Bn |
| 4 | Kraft Heinz | 28.62 Bn | 16.27 Bn | 1.99 Bn |
| 5 | General Mills | 18.33 Bn | 15.98 Bn | 1.49 Bn |
| 6 | J M Smucker | 14.08 Bn | 13.86 Bn | 979.60 Mn |
| 7 | Mccormick | 12.60 Bn | 11.66 Bn | 794.90 Mn |
| 8 | Hormel Foods | 12.11 Bn | 8.77 Bn | 471.52 Mn |
| 9 | Chewy | 9.02 Bn | 6.31 Bn | 1.01 Bn |
| 10 | Lamb Weston Holdings | 7.75 Bn | 7.37 Bn | 266.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 12.78 |
| Jun 28, 2026 | 13.33 |
| Mar 29, 2026 | 18.11 |
| Dec 31, 2025 | 15.80 |
| Sep 28, 2025 | 16.15 |
| Jun 29, 2025 | 15.36 |
| Mar 30, 2025 | 13.95 |
| Dec 31, 2024 | 13.25 |
| Sep 29, 2024 | 16.42 |
| Jun 30, 2024 | 16.95 |
| Mar 31, 2024 | 18.34 |
| Dec 31, 2023 | 16.23 |
| Oct 1, 2023 | 17.35 |
| Jul 2, 2023 | 22.38 |
| Apr 2, 2023 | 21.29 |
| Dec 31, 2022 | 20.19 |
| Oct 2, 2022 | 20.06 |
| Jul 3, 2022 | 20.68 |
| Apr 3, 2022 | 21.01 |
| Dec 31, 2021 | 18.99 |
API Access
Hershey EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=HSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "HSY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=HSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();