Latest period
$789.18M
YoY change
-12.8%
5Y CAGR
+3.6%
Peak year (2023)
$771.11M
Cumulative CapEx
$10.96B
CapEx history chart for Hershey (HSY) from 1989 to 2025
Latest: $528.22M
CapEx growth chart for Hershey (HSY) from 1989 to 2025
Latest: -12.8%
CapEx history table for Hershey (HSY) from 1989 to 2025
| 2025 | $528.22M | -12.8% | −$77.72M | ||
| 2024 | $605.94M | -21.4% | −$165.17M | ||
| 2023 | $771.11M | +48.4% | +$251.63M | ||
| 2022 | $519.48M | +4.8% | +$23.60M | ||
| 2021 | $495.88M | +12.3% | +$54.25M | ||
| 2020 | $441.63M | +38.8% | +$123.43M | ||
| 2019 | $318.19M | -3.2% | −$10.41M | ||
| 2018 | $328.60M | +27.5% | +$70.93M | ||
| 2017 | $257.68M | -4.4% | −$11.80M | ||
| 2016 | $269.48M | -24.5% | −$87.33M | ||
| 2015 | $356.81M | -3.8% | −$13.98M | ||
| 2014 | $370.79M | +5.7% | +$19.88M | ||
| 2013 | $350.91M | +26.2% | +$72.94M | ||
| 2012 | $277.97M | -20.0% | −$69.60M | ||
| 2011 | $347.57M | +72.5% | +$146.08M | ||
| 2010 | $201.49M | +38.5% | +$56.02M | ||
| 2009 | $145.47M | -48.6% | −$137.51M | ||
| 2008 | $282.98M | +38.8% | +$79.09M | ||
| 2007 | $203.89M | +2.7% | +$5.38M | ||
| 2006 | $198.51M | +2.2% | +$4.21M | ||
| 2005 | $194.31M | -0.8% | −$1.58M | ||
| 2004 | $195.89M | -10.4% | −$22.76M | ||
| 2003 | $218.65M | +64.7% | +$85.91M | ||
| 2002 | $132.74M | -17.1% | −$27.37M | ||
| 2001 | $160.10M | +15.7% | +$21.77M | ||
| 2000 | $138.33M | +19.9% | +$22.93M | ||
| 1999 | $115.40M | -28.5% | −$45.90M | ||
| 1998 | $161.30M | -6.7% | −$11.60M | ||
| 1997 | $172.90M | -71.0% | −$423.70M | ||
| 1996 | $596.60M | +289.7% | +$443.50M | ||
| 1995 | $153.10M | +10.4% | +$14.40M | ||
| 1994 | $138.70M | -63.2% | −$237.70M | ||
| 1993 | $376.40M | +50.7% | +$126.60M | ||
| 1992 | $249.80M | +10.5% | +$23.70M | ||
| 1991 | $226.10M | +26.0% | +$46.70M | ||
| 1990 | $179.40M | +10.7% | +$17.40M | ||
| 1989 | $162.00M | — | — |
- 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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Hershey (HSY)
According to Hershey's latest reported financial statements, the company's current CapEx (TTM) is $789.18M. 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 .
In 2025, Hershey (HSY) CapEx totalled $528.22M – declined 12.8% year-over-year.
Hershey CapEx compound annual growth for the 2020–2025 (5 years) window is +3.6%, with mixed annual results across the window.
Between 2023 and 2025, Hershey CapEx plunged 31.5%, falling from $771.11M to $528.22M.
The highest annual CapEx of $771.11M was reported in 2023. The lowest in the available history was $115.40M in 1999.
Hershey Capital Expenditures by Year
Hershey Capital Expenditures 2025: $528.22M
Hershey CapEx in 2025 was $528.22M, declined 12.8% below 2024.
Hershey Capital Expenditures 2024: $605.94M
2024's CapEx for Hershey came in at $605.94M, declined 21.4% below 2023.
Hershey Capital Expenditures 2023: $771.11M
Hershey posted CapEx of $771.11M in 2023, surged 48.4% from 2022. This figure represents the highest annual value in the available history.
Hershey Capital Expenditures 2022: $519.48M
In 2022, Hershey reported CapEx of $519.48M, edged up 4.8% from 2021.
Hershey Capital Expenditures 2021: $495.88M
Hershey CapEx in 2021 was $495.88M.
See more financial history for Hershey (HSY).
Sector peers by CapEx
Consumer Defensive peers of Hershey (HSY), ranked by their latest CapEx
| $26.64B | |
| $5.50B | |
| $4.42B | |
| $3.77B | |
| $2.11B | |
| $1.57B | |
| $216.00M | |
| $132.28M |
- $26.64B
- $5.50B
- $4.42B
- $3.77B
- $2.11B
- $216.00M
- $132.28M
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