Capital Expenditures for Hershey (HSY)
According to Hershey's latest reported financial statements, the company's current capital expenditures (TTM) is $820.11M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
HSY
Currently viewingCapital ExpendituresSwitch metric
Latest period
$820.11M
YoY change
-12.8%
5Y CAGR
+3.6%
Peak year (2023)
$771.11M
Cumulative capital expenditures
$10.84B
CapEx history chart for Hershey (HSY) from 1989 to 2025
CapEx history table for Hershey (HSY) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $528.22M | -12.8% | ||
| 2024 | $605.94M | -21.4% | ||
| 2023 | $771.11M | +48.4% | ||
| 2022 | $519.48M | +4.8% | ||
| 2021 | $495.88M | +12.3% | ||
| 2020 | $441.63M | +38.8% | ||
| 2019 | $318.19M | -3.2% | ||
| 2018 | $328.60M | +27.5% | ||
| 2017 | $257.68M | -4.4% | ||
| 2016 | $269.48M | -24.5% | ||
| 2015 | $356.81M | -3.8% | ||
| 2014 | $370.79M | +5.7% | ||
| 2013 | $350.91M | +26.2% | ||
| 2012 | $277.97M | -20.0% | ||
| 2011 | $347.57M | +72.5% | ||
| 2010 | $201.49M | +38.5% | ||
| 2009 | $145.47M | -48.6% | ||
| 2008 | $282.98M | +38.8% | ||
| 2007 | $203.89M | +2.7% | ||
| 2006 | $198.51M | +2.2% | ||
| 2005 | $194.31M | -0.8% | ||
| 2004 | $195.89M | -10.4% | ||
| 2003 | $218.65M | +64.7% | ||
| 2002 | $132.74M | -17.1% | ||
| 2001 | $160.10M | +15.7% | ||
| 2000 | $138.33M | +19.9% | ||
| 1999 | $115.40M | -28.5% | ||
| 1998 | $161.30M | -6.7% | ||
| 1997 | $172.90M | -71.0% | ||
| 1996 | $596.60M | +289.7% | ||
| 1995 | $153.10M | +10.4% | ||
| 1994 | $138.70M | -63.2% | ||
| 1993 | $376.40M | +50.7% | ||
| 1992 | $249.80M | +10.5% | ||
| 1991 | $226.10M | +26.0% | ||
| 1990 | $179.40M | +10.7% | ||
| 1989 | $162.00M | — |
CapEx values are taken from Hershey's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Hershey (HSY) capital expenditures totalled $528.22M – declined 12.8% year-over-year.
Hershey capital expenditures compound annual growth for the 2020–2025 (5 years) window is +3.6%, with the latest reading among the more recent periods of the dataset.
Between 2023 and 2025, Hershey capital expenditures plunged 31.5%, falling from $771.11M to $528.22M.
The highest annual capital expenditures of $771.11M was reported in 2023. The lowest in the available history was $115.40M in 1999.
Among 8 Consumer Defensive peers, Hershey (HSY) ranks 7th; the peer median for capital expenditures is $2.94B.
Hershey Capital Expenditures by Year
Hershey Capital Expenditures 2025: $528.22M
Hershey capital expenditures in 2025 was $528.22M, declined 12.8% below 2024.
Hershey Capital Expenditures 2024: $605.94M
Hershey capital expenditures in 2024 was $605.94M, declined 21.4% below 2023.
Hershey Capital Expenditures 2023: $771.11M
Hershey capital expenditures in 2023 was $771.11M, surged 48.4% from 2022. This figure represents the highest annual value in the available history.
Hershey Capital Expenditures 2022: $519.48M
Hershey capital expenditures in 2022 was $519.48M, edged up 4.8% from 2021.
Hershey Capital Expenditures 2021: $495.88M
Hershey capital expenditures in 2021 was $495.88M.
See more financial history for Hershey (HSY).
Sector peers — CapEx
Companies in the same sector as Hershey, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $26.64B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $5.50B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $4.42B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $3.77B | Consumer Defensive |
| The Coca-Cola Company (KO) | $2.11B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $1.57B | Consumer Defensive |
| Altria Group, Inc. (MO) | $216.00M | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $132.28M | Consumer Defensive |
Frequently asked questions
What is Hershey's capital expenditures?
- Latest reported capital expenditures for Hershey (HSY) is $820.11M (period ending December 31, 2025).
How has Hershey capital expenditures changed year-over-year?
- Hershey (HSY) capital expenditures changed -12.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Hershey capital expenditures?
- Hershey (HSY) capital expenditures compound annual growth rate is +3.6% over the most recent 5 years available.
When did Hershey capital expenditures hit its highest annual value?
- Hershey capital expenditures reached its highest annual value of $771.11M in 2023.
What was Hershey capital expenditures in 2024?
- Hershey (HSY) capital expenditures in 2024 was $605.94M.
What was Hershey capital expenditures in 2025?
- Hershey (HSY) capital expenditures in 2025 was $528.22M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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