Hershey (HSY) EV to EBITDA (2014 - 2026)
Hershey's (HSY) EV to EBITDA stood at 10.63 in Q3 2026, down 30.2% from 15.23 a year earlier and down 19.2% from the prior quarter.
Powered by 
Analysis
Hershey (HSY) EV to EBITDA (2014 - 2026) Analysis & Trends
On a TTM basis, Hershey's EV to EBITDA came in at 9.79 as of Sep 27, 2026, down 29.7% year-over-year; for FY2025, it came in at 18.50, up 85.0% from FY2024.
- Across earlier years, EV to EBITDA came in at 10.00 in FY2024 (-20.9%), 12.65 in FY2023 (-29.0%), 17.80 in FY2022 (+6.2%) and 16.77 in FY2021 (+13.9%).
- The Q3 2026 figure is the lowest quarterly EV to EBITDA since Q4 2024.
- On a year-over-year basis, EV to EBITDA rose in six of the last eight quarters, with growth averaging 13.9%.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 85.0% in Q4 2025, against a decline of 36.3% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 13.16 (Q2 2026), 19.08 (Q1 2026) and 18.50 (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 | 10.63 |
| Jun 28, 2026 | 13.16 |
| Mar 29, 2026 | 19.08 |
| Dec 31, 2025 | 18.50 |
| Sep 28, 2025 | 15.23 |
| Jun 29, 2025 | 12.70 |
| Mar 30, 2025 | 12.30 |
| Dec 31, 2024 | 10.00 |
| Sep 29, 2024 | 13.42 |
| Jun 30, 2024 | 12.32 |
| Mar 31, 2024 | 12.07 |
| Dec 31, 2023 | 12.65 |
| Oct 1, 2023 | 13.38 |
| Jul 2, 2023 | 17.85 |
| Apr 2, 2023 | 18.95 |
| Dec 31, 2022 | 17.80 |
| Oct 2, 2022 | 17.58 |
| Jul 3, 2022 | 17.62 |
| Apr 3, 2022 | 17.62 |
| Dec 31, 2021 | 16.77 |
API Access
Hershey EV to EBITDA 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-ebitda&ticker=HSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=HSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();