Hershey (HSY) Return on Capital Employed [ROCE] (2009 - 2026)
Hershey (HSY) reported Return on Capital Employed [ROCE] of 20.49% for Q2 2026, up 1.12 percentage points from 19.37% a year earlier and up 4.56 percentage points from the prior quarter.
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Analysis
Hershey (HSY) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Hershey posted Return on Capital Employed [ROCE] of 13.95%, down 20.16 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of -12.48 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 34.12% in FY2024 (+3.69 pp), 30.42% in FY2023 (-0.03 pp), 30.45% in FY2022 (+2.38 pp) and 28.08% in FY2021 (+1.65 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Capital Employed [ROCE] since Q1 2025.
- Year over year, Return on Capital Employed [ROCE] gained in two of the last eight quarters, with an average year-over-year change of -6.55 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q4 2024 (a gain of 3.99 percentage points); the low point was Q4 2025 (a drop of 19.19 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 15.93% (Q1 2026), 13.54% (Q4 2025) and 18.64% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 130.23 Bn | 105.59 Bn | - | - |
| 2 | Mondelez International | 74.27 Bn | 67.59 Bn | 3.99 Bn | 8.97% |
| 3 | Hershey | 32.39 Bn | 28.63 Bn | 1.26 Bn | 20.49% |
| 4 | Kraft Heinz | 26.34 Bn | 12.87 Bn | 2.03 Bn | -4.62% |
| 5 | General Mills | 17.12 Bn | 14.77 Bn | 1.49 Bn | -0.89% |
| 6 | J M Smucker | 12.52 Bn | 12.30 Bn | 979.60 Mn | 5.93% |
| 7 | Mccormick | 12.03 Bn | 11.67 Bn | 794.90 Mn | 8.50% |
| 8 | Hormel Foods | 11.14 Bn | 7.83 Bn | 471.52 Mn | 5.01% |
| 9 | Chewy | 7.29 Bn | 4.58 Bn | 1.01 Bn | 24.87% |
| 10 | Conagra Brands | 6.38 Bn | 5.69 Bn | 618.70 Mn | -11.84% |
Historic Data
Download Data
Historic 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 | 29.62% |
| Oct 2, 2022 | 29.95% |
| Jul 3, 2022 | 30.23% |
| Apr 3, 2022 | 27.77% |
| Dec 31, 2021 | 27.50% |
| Oct 3, 2021 | 27.42% |
API Access
Hershey Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=HSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=HSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();