Hershey (HSY) Invested Capital (2009 - 2026)
Hershey (HSY) recorded Invested Capital of $10.17 billion in Q2 2026, up 0.1% from $10.16 billion a year earlier and up 0.8% from the prior quarter.
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Analysis
Hershey (HSY) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Hershey reported Invested Capital of $10.04 billion, up 2.3% from FY2024.
- Annual Invested Capital has increased for ten straight years, with a five-year compound annual growth rate of 8.0% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $9.82 billion in FY2024 (+10.1%), $8.91 billion in FY2023 (+10.2%), $8.09 billion in FY2022 (+3.9%) and $7.79 billion in FY2021 (+13.8%).
- The Q2 2026 figure is the highest quarterly Invested Capital since Q1 2025.
- On a year-over-year basis, Invested Capital rose in seven of the last eight quarters, with growth averaging 4.9%.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 20.1% in Q2 2022, against a decline of 4.9% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $10.09 billion (Q1 2026), $10.04 billion (Q4 2025) and $9.96 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 129.94 Bn | 105.31 Bn | - | 58.60 Bn |
| 2 | Mondelez International | 73.72 Bn | 67.04 Bn | 3.99 Bn | 48.14 Bn |
| 3 | Hershey | 32.21 Bn | 28.45 Bn | 1.26 Bn | 10.17 Bn |
| 4 | Kraft Heinz | 26.65 Bn | 13.18 Bn | 2.03 Bn | 55.12 Bn |
| 5 | General Mills | 16.93 Bn | 14.59 Bn | 1.49 Bn | 21.08 Bn |
| 6 | J M Smucker | 12.38 Bn | 12.16 Bn | 979.60 Mn | 12.49 Bn |
| 7 | Mccormick | 11.89 Bn | 11.54 Bn | 794.90 Mn | 12.61 Bn |
| 8 | Hormel Foods | 11.00 Bn | 7.68 Bn | 471.52 Mn | 10.71 Bn |
| 9 | Chewy | 7.12 Bn | 4.40 Bn | 1.01 Bn | 962.20 Mn |
| 10 | Conagra Brands | 6.31 Bn | 5.62 Bn | 618.70 Mn | 14.17 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 10.17 Bn |
| Mar 29, 2026 | 10.09 Bn |
| Dec 31, 2025 | 10.04 Bn |
| Sep 28, 2025 | 9.96 Bn |
| Jun 29, 2025 | 10.16 Bn |
| Mar 30, 2025 | 10.61 Bn |
| Dec 31, 2024 | 9.82 Bn |
| Sep 29, 2024 | 9.50 Bn |
| Jun 30, 2024 | 9.43 Bn |
| Mar 31, 2024 | 9.49 Bn |
| Dec 31, 2023 | 8.91 Bn |
| Oct 1, 2023 | 8.88 Bn |
| Jul 2, 2023 | 8.65 Bn |
| Apr 2, 2023 | 8.16 Bn |
| Dec 31, 2022 | 8.09 Bn |
| Oct 2, 2022 | 7.97 Bn |
| Jul 3, 2022 | 7.90 Bn |
| Apr 3, 2022 | 7.88 Bn |
| Dec 31, 2021 | 7.79 Bn |
| Oct 3, 2021 | 7.05 Bn |
API Access
Hershey Invested Capital 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=invested-capital&ticker=HSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=HSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();