Buyback yield (TTM)
0.16%
Shareholder yield (TTM)
2.76%
5Y share count change
-2.9%
Buyback spend (TTM)
$69.27M
Cumulative buybacks
$10.40B
Key takeaways
- Hershey (HSY) repurchased about $69.27M of stock over the trailing twelve months.
- Diluted share count is down 2.9% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 1.00× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -100.0% per year over the latest 5-year window.
- TTM repurchases used about 6% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Hershey (HSY)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Hershey (HSY)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Hershey (HSY)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Hershey (HSY)
Latest: $0.00
Overview
2025's annual buyback spend for Hershey (HSY) came in at $0.00 – plunged 100.0% year-over-year.
Through 2020–2025 (5 years), Hershey buyback spend delivered a -100.0% annualised rate; with a net decline across the window.
Hershey buyback spend plunged from $698.91M in 2004 to $0.00 in 2025, a 100.0% drawdown.
2004 marks the peak buyback spend at $698.91M, with the historical low of $0.00 recorded in 1989.
Hershey Buyback Spend 2025: $0.00
In 2025, Hershey reported buyback spend of $0.00, plunged 100.0% below 2024.
Hershey Buyback Spend 2024: $494.19M
Hershey buyback spend in 2024 was $494.19M, surged 86.5% from 2023.
Hershey Buyback Spend 2023: $264.91M
2023's buyback spend for Hershey came in at $264.91M, plunged 31.9% below 2022.
Hershey Buyback Spend 2022: $388.96M
Hershey posted buyback spend of $388.96M in 2022, declined 15.1% below 2021.
Hershey Buyback Spend 2021: $457.95M
Hershey buyback spend in 2021 was $457.95M.
See more financial history for Hershey (HSY).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $0.00 | $65.46M | −$65.46M | — | 0.20B | -0.1% | |
| 2024 | $494.19M | $44.41M | $449.78M | 1.44% | 0.20B | -1.0% | |
| 2023 | $264.91M | $81.02M | $183.89M | 0.69% | 0.21B | -0.5% | |
| 2022 | $388.96M | $65.99M | $322.97M | 0.82% | 0.21B | -0.6% | |
| 2021 | $457.95M | $66.71M | $391.24M | 1.15% | 0.21B | -0.8% | |
| 2020 | $211.20M | $57.58M | $153.61M | 0.67% | 0.21B | -0.6% | |
| 2019 | $527.21M | $51.90M | $475.31M | 1.72% | 0.21B | -0.1% | |
| 2018 | $247.50M | $49.29M | $198.21M | 1.10% | 0.21B | -1.3% | |
| 2017 | $300.31M | $51.06M | $249.25M | 1.25% | 0.21B | -0.7% | |
| 2016 | $592.55M | $54.78M | $537.76M | 2.69% | 0.22B | -2.4% | |
| 2015 | $582.62M | $51.53M | $531.09M | 3.00% | 0.22B | -1.9% | |
| 2014 | $576.75M | $54.07M | $522.69M | 2.51% | 0.22B | -1.0% | |
| 2013 | $305.56M | $53.97M | $251.60M | 1.40% | 0.23B | -0.5% | |
| 2012 | $510.63M | $50.48M | $460.15M | 3.16% | 0.23B | -0.7% | |
| 2011 | $384.51M | $28.34M | $356.17M | 2.76% | 0.23B | -0.2% | |
| 2010 | $169.10M | $32.05M | $137.04M | 1.57% | 0.23B | +0.6% | |
| 2009 | $9.31M | $34.93M | −$25.61M | 0.11% | 0.23B | +0.1% | |
| 2008 | $60.36M | $23.58M | $36.78M | 0.76% | 0.23B | -1.2% | |
| 2007 | $256.29M | $0.00 | $256.29M | 2.86% | 0.23B | -3.1% | |
| 2006 | $621.65M | $0.00 | $621.65M | 5.41% | 0.24B | -3.8% | |
| 2005 | $537.00M | $0.00 | $537.00M | 5.29% | 0.25B | -3.4% | |
| 2004 | $698.91M | $0.00 | $698.91M | 6.67% | 0.26B | -2.9% | |
| 2003 | $329.43M | $0.00 | $329.43M | 3.27% | 0.26B | -4.0% | |
| 2002 | $84.19M | $0.00 | $84.19M | 0.93% | 0.28B | +0.0% | |
| 2001 | $40.32M | $0.00 | $40.32M | 0.44% | 0.28B | -2.9% | |
| 2000 | $99.93M | $0.00 | $99.93M | — | 0.28B | +0.4% | |
| 1999 | $318.00M | $0.00 | $318.00M | — | 0.28B | -3.1% | |
| 1998 | $16.20M | $0.00 | $16.20M | — | 0.29B | -3.4% | |
| 1997 | $507.70M | $0.00 | $507.70M | — | 0.30B | -3.4% | |
| 1996 | $66.10M | $0.00 | $66.10M | — | 0.31B | — | |
| 1995 | $526.10M | $0.00 | $526.10M | — | — | — | |
| 1994 | $39.70M | $0.00 | $39.70M | — | — | — | |
| 1993 | $131.80M | $0.00 | $131.80M | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $47.90M | $0.00 | $47.90M | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$0.00
- 2024$494.19M
- 2023$264.91M
- 2022$388.96M
- 2021$457.95M
- 2020$211.20M
- 2019$527.21M
- 2018$247.50M
- 2017$300.31M
- 2016$592.55M
- 2015$582.62M
- 2014$576.75M
- 2013$305.56M
- 2012$510.63M
- 2011$384.51M
- 2010$169.10M
- 2009$9.31M
- 2008$60.36M
- 2007$256.29M
- 2006$621.65M
- 2005$537.00M
- 2004$698.91M
- 2003$329.43M
- 2002$84.19M
- 2001$40.32M
- 2000$99.93M
- 1999$318.00M
- 1998$16.20M
- 1997$507.70M
- 1996$66.10M
- 1995$526.10M
- 1994$39.70M
- 1993$131.80M
- 1992$0.00
- 1991$47.90M
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for Hershey (HSY)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 1.00×.
Buybacks vs dividends (share of cash returned) for Hershey (HSY)
How Hershey splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Hershey, ranked by their latest buyback spend.
| $8.09B | |
| $6.50B | |
| $1.00B | |
| $1.00B | |
| $903.00M | |
| $746.00M | |
| $103.65M | |
| $0.00 |
- $8.09B
- $6.50B
- $1.00B
- $1.00B
- $903.00M
- $746.00M
- $103.65M
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.07B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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