Hershey (HSY) Return on Invested Capital [ROIC] (2009 - 2026)
Hershey's Return on Invested Capital [ROIC] was 19.52% in Q3 2026, up 2.83 percentage points from 16.69% a year earlier and up 2.99 percentage points from the prior quarter.
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Analysis
Hershey (HSY) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Hershey came in at 10.56%, down 17.22 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of -13.11 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 27.79% in FY2024 (+1.97 pp), 25.82% in FY2023 (+1.39 pp), 24.43% in FY2022 (+1.38 pp) and 23.06% in FY2021 (-0.61 pp).
- The Q3 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] since Q1 2025.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in two of the last eight quarters, with an average year-over-year change of -4.56 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q3 2026 (a gain of 2.83 percentage points); the worst was Q4 2025 (a drop of 16.46 percentage points).
- Per Business Quant data, HSY's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 16.53% (Q2 2026), 12.55% (Q1 2026) and 10.49% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 144.12 Bn | 95.58 Bn | - | - |
| 2 | Mondelez International | 84.19 Bn | 77.20 Bn | 3.92 Bn | 8.60% |
| 3 | Hershey | 35.81 Bn | 32.54 Bn | 1.51 Bn | 19.52% |
| 4 | Kraft Heinz | 29.23 Bn | 16.88 Bn | 1.99 Bn | -5.63% |
| 5 | General Mills | 19.05 Bn | 16.70 Bn | 1.49 Bn | -0.98% |
| 6 | J M Smucker | 13.93 Bn | 13.71 Bn | 979.60 Mn | 3.60% |
| 7 | Mccormick | 13.03 Bn | 12.10 Bn | 794.90 Mn | 5.97% |
| 8 | Hormel Foods | 12.08 Bn | 8.75 Bn | 471.52 Mn | 3.50% |
| 9 | Chewy | 9.17 Bn | 6.46 Bn | 1.01 Bn | - |
| 10 | Lamb Weston Holdings | 7.60 Bn | 7.23 Bn | 266.50 Mn | 6.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 19.52% |
| Jun 28, 2026 | 16.53% |
| Mar 29, 2026 | 12.55% |
| Dec 31, 2025 | 10.49% |
| Sep 28, 2025 | 16.69% |
| Jun 29, 2025 | 18.17% |
| Mar 30, 2025 | 19.68% |
| Dec 31, 2024 | 26.95% |
| Sep 29, 2024 | 21.94% |
| Jun 30, 2024 | 22.53% |
| Mar 31, 2024 | 26.46% |
| Dec 31, 2023 | 24.67% |
| Oct 1, 2023 | 25.79% |
| Jul 2, 2023 | 25.58% |
| Apr 2, 2023 | 24.47% |
| Dec 31, 2022 | 24.15% |
| Oct 2, 2022 | 23.15% |
| Jul 3, 2022 | 23.54% |
| Apr 3, 2022 | 23.32% |
| Dec 31, 2021 | 22.74% |
API Access
Hershey Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=HSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=HSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();