Hershey (HSY) Return on Capital Employed (2009 - 2026)
Hershey (HSY) posted quarterly Return on Capital Employed of 20.49% for Q2 2026, up 112.0% year-over-year from 9.67% in Q2 2025, and up 28.61% quarter-over-quarter from 15.93% in Q1 2026.
Hershey (HSY) Return on Capital Employed (2009 - 2026) Analysis & Trends
Hershey (HSY) has reported Return on Capital Employed for 18 consecutive years, with 20.49% the latest figure, recorded in Q2 2026.
- In Q2 2026, Return on Capital Employed rose 112.0% year-over-year to 20.49%; the TTM figure through Jun 2026 stood at 20.49% (up 112.0% YoY), while the FY2025 annual figure was 13.95%, down 2016.0% from the prior year.
- Return on Capital Employed advanced to 20.49% in Q2 2026 per HSY's latest filing, from 15.93% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 111.81% in Q4 2022 and bottomed at 13.54% in Q4 2025.
- Historically, Return on Capital Employed has averaged 34.44% across 5 years, with a median of 28.93% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed jumped 8438 bps — and 2023, when it plunged 8198 bps.
- Hershey's Return on Capital Employed stood at 99.46% in 2022, then tumbled by 71 bps to 28.74% in 2023, then rose by 14 bps to 32.73% in 2024, then plunged by 59 bps to 13.54% in 2025, then soared by 51 bps to 20.49% in 2026.
- Business Quant data shows HSY's Return on Capital Employed at 20.49% in Q2 2026, 15.93% in Q1 2026, and 13.54% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Mondelez International | 80.42 Bn | 78.71 Bn | 3.99 Bn | 8.97% |
| 2 | Hershey | 27.07 Bn | 26.28 Bn | 1.26 Bn | 20.49% |
| 3 | Tootsie Roll Industries | 3.06 Bn | 2.92 Bn | 52.63 Mn | 7.64% |
| 4 | Sow Good | 64.08 Mn | 61.76 Mn | - | - |
| 5 | Rocky Mountain Chocolate Factory | 12.49 Mn | 11.88 Mn | 1.41 Mn | -34.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 20.49% |
| Mar 29, 2026 | 15.93% |
| Dec 31, 2025 | 13.54% |
| Sep 28, 2025 | 18.64% |
| Jun 29, 2025 | 19.37% |
| Mar 30, 2025 | 21.16% |
| Dec 31, 2024 | 32.73% |
| Sep 29, 2024 | 29.12% |
| Jun 30, 2024 | 29.90% |
| Mar 31, 2024 | 32.56% |
| Dec 31, 2023 | 28.74% |
| Oct 1, 2023 | 29.83% |
| Jul 2, 2023 | 28.44% |
| Apr 2, 2023 | 30.19% |
| Dec 31, 2022 | 99.46% |
| Oct 2, 2022 | 111.81% |
| Jul 3, 2022 | 30.23% |
| Apr 3, 2022 | 27.77% |
| Dec 31, 2021 | 27.50% |
| Oct 3, 2021 | 27.42% |