Hershey (HSY) Gross Margin (2009 - 2026)
Hershey (HSY) reported Gross Margin of 39.39% for Q1 2026, up 573.0% year-over-year from 5.85% in Q1 2025, and up 6.35% quarter-over-quarter from 37.04% in Q4 2025.
Hershey (HSY) Gross Margin (2009 - 2026) Analysis & Trends
Hershey (HSY) has 18 years of Gross Margin data on file, last reported at 39.39% in Q1 2026.
- Gross Margin for Q1 2026 came in at 39.39%, up 573.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 35.03% (down 745.0% YoY), and the FY2025 annual result was 33.55%, down 1377.0% from the prior year.
- Gross Margin climbed to 39.39% in Q1 2026 per HSY's latest filing, from 37.04% in the prior quarter.
- Over five years, Gross Margin peaked at 53.97% in Q4 2024 and troughed at 30.45% in Q2 2025.
- A 5-year average of 41.86% and a median of 42.15% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 1170 bps in 2024, then plunged 1787 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 43.16% in 2022, then decreased by 2 bps to 42.27% in 2023, then climbed by 28 bps to 53.97% in 2024, then tumbled by 31 bps to 37.04% in 2025, then increased by 6 bps to 39.39% in 2026.
- Business Quant data shows HSY's Gross Margin at 39.39% in Q1 2026, 37.04% in Q4 2025, and 32.61% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mondelez International | 80.71 Bn | 79.24 Bn | 2.80 Bn | 27.81% |
| 2 | Hershey | 9.96 Bn | 9.08 Bn | 1.22 Bn | 39.39% |
| 3 | Tootsie Roll Industries | 2.93 Bn | 2.87 Bn | 51.29 Mn | 33.85% |
| 4 | Sow Good | 40.34 Mn | 38.02 Mn | - | - |
| 5 | Rocky Mountain Chocolate Factory | 12.93 Mn | 11.72 Mn | -13.21 Mn | -195.53% |
| 6 | Tootsie Roll Industries | - | - | 51.29 Mn | 33.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 39.39% |
| Dec 31, 2025 | 37.04% |
| Sep 28, 2025 | 32.61% |
| Jun 29, 2025 | 30.45% |
| Mar 30, 2025 | 33.66% |
| Dec 31, 2024 | 53.97% |
| Sep 29, 2024 | 41.26% |
| Jun 30, 2024 | 40.19% |
| Mar 31, 2024 | 51.53% |
| Dec 31, 2023 | 42.27% |
| Oct 1, 2023 | 44.89% |
| Jul 2, 2023 | 45.46% |
| Apr 2, 2023 | 46.27% |
| Dec 31, 2022 | 43.16% |
| Oct 2, 2022 | 40.63% |
| Jul 3, 2022 | 42.15% |
| Apr 3, 2022 | 46.71% |
| Dec 31, 2021 | 43.54% |
| Oct 3, 2021 | 44.97% |
| Jul 4, 2021 | 46.52% |