Hershey (HSY) Net Margin (2009 - 2026)
Hershey's Net Margin came in at 17.73% for Q3 2026, up 9.05 percentage points from 8.69% a year earlier and up 1.31 percentage points from the prior quarter.
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Analysis
Hershey (HSY) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 27, 2026, Hershey reported Net Margin of 14.63%, up 2.80 percentage points year-over-year; for FY2025, it was 7.55%, down 12.27 percentage points from FY2024.
- Net Margin carries a five-year change of -8.14 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 19.83% in FY2024 (+3.15 pp), 16.68% in FY2023 (+0.89 pp), 15.79% in FY2022 (-0.68 pp) and 16.47% in FY2021 (+0.78 pp).
- The Q3 2026 figure represents the highest quarterly Net Margin since Q4 2024.
- Year-over-year, Net Margin has increased for three consecutive quarters, with an average year-over-year change of -0.35 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q4 2024 (a gain of 14.45 percentage points), and the weakest in Q4 2025 (a drop of 17.23 percentage points).
- Business Quant data shows HSY's Net Margin at 16.42% (Q2 2026), 14.02% (Q1 2026) and 10.35% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 144.56 Bn | 96.02 Bn | - | - |
| 2 | Mondelez International | 83.86 Bn | 76.87 Bn | 3.92 Bn | 13.09% |
| 3 | Hershey | 34.38 Bn | 31.11 Bn | 1.51 Bn | 17.73% |
| 4 | Kraft Heinz | 28.62 Bn | 16.27 Bn | 1.99 Bn | 8.90% |
| 5 | General Mills | 18.33 Bn | 15.98 Bn | 1.49 Bn | 9.04% |
| 6 | J M Smucker | 14.08 Bn | 13.86 Bn | 979.60 Mn | 14.61% |
| 7 | Mccormick | 12.60 Bn | 11.66 Bn | 794.90 Mn | 4.82% |
| 8 | Hormel Foods | 12.11 Bn | 8.77 Bn | 471.52 Mn | 2.01% |
| 9 | Chewy | 9.02 Bn | 6.31 Bn | 1.01 Bn | 2.42% |
| 10 | Lamb Weston Holdings | 7.75 Bn | 7.37 Bn | 266.50 Mn | 1.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 17.73% |
| Jun 28, 2026 | 16.42% |
| Mar 29, 2026 | 14.02% |
| Dec 31, 2025 | 10.35% |
| Sep 28, 2025 | 8.69% |
| Jun 29, 2025 | 2.40% |
| Mar 30, 2025 | 7.99% |
| Dec 31, 2024 | 27.59% |
| Sep 29, 2024 | 14.94% |
| Jun 30, 2024 | 8.72% |
| Mar 31, 2024 | 24.52% |
| Dec 31, 2023 | 13.14% |
| Oct 1, 2023 | 17.11% |
| Jul 2, 2023 | 16.34% |
| Apr 2, 2023 | 19.65% |
| Dec 31, 2022 | 14.94% |
| Oct 2, 2022 | 14.64% |
| Jul 3, 2022 | 13.30% |
| Apr 3, 2022 | 20.01% |
| Dec 31, 2021 | 14.43% |
API Access
Hershey Net Margin 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=net-margin&ticker=HSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=HSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();