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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Hershey (HSY) Operating Margin (2016 - 2025)

Hershey (HSY) has disclosed Operating Margin for 17 consecutive years, with 14.39% as the latest value for Q4 2025.

  • On a quarterly basis, Operating Margin fell 1813.0% to 14.39% in Q4 2025 year-over-year; TTM through Dec 2025 was 12.33%, a 1354.0% decrease, with the full-year FY2025 number at 12.33%, down 1354.0% from a year prior.
  • Operating Margin was 14.39% for Q4 2025 at Hershey, up from 13.66% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 32.53% in Q1 2024 to a low of 7.37% in Q2 2025.
  • A 5-year average of 20.84% and a median of 20.46% in 2022 define the central range for Operating Margin.
  • Peak YoY movement for Operating Margin: surged 1505bps in 2024, then tumbled -1937bps in 2025.
  • Hershey's Operating Margin stood at 19.74% in 2021, then rose by 1bps to 19.86% in 2022, then fell by -12bps to 17.47% in 2023, then soared by 86bps to 32.52% in 2024, then crashed by -56bps to 14.39% in 2025.
  • Per Business Quant, the three most recent readings for HSY's Operating Margin are 14.39% (Q4 2025), 13.66% (Q3 2025), and 7.37% (Q2 2025).