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
DateValue
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%