TTM
18.1%
YoY change
−2.23pp
Trough year (1996)
-3.3%
Peak year (2019)
18.1%
Latest annual
15.0%
FCF Margin history chart for Hershey (HSY) from 1989 to 2025
Latest: 15.0%
FCF Margin change chart for Hershey (HSY) from 1989 to 2025
Latest: −2.23pp
FCF Margin history table for Hershey (HSY) from 1989 to 2025
| 2025 | 15.0% | -2.23pp | ||
| 2024 | 17.2% | +3.29pp | ||
| 2023 | 13.9% | -3.45pp | ||
| 2022 | 17.4% | -0.33pp | ||
| 2021 | 17.7% | +2.25pp | ||
| 2020 | 15.4% | -2.67pp | ||
| 2019 | 18.1% | +1.78pp | ||
| 2018 | 16.3% | +3.12pp | ||
| 2017 | 13.2% | +3.60pp | ||
| 2016 | 9.6% | -2.01pp | ||
| 2015 | 11.6% | +5.31pp | ||
| 2014 | 6.3% | -5.42pp | ||
| 2013 | 11.7% | -0.57pp | ||
| 2012 | 12.3% | +8.46pp | ||
| 2011 | 3.8% | -8.51pp | ||
| 2010 | 12.3% | -5.03pp | ||
| 2009 | 17.4% | +12.76pp | ||
| 2008 | 4.6% | -7.01pp | ||
| 2007 | 11.6% | +1.01pp | ||
| 2006 | 10.6% | +5.08pp | ||
| 2005 | 5.5% | -8.05pp | ||
| 2004 | 13.6% | +4.61pp | ||
| 2003 | 9.0% | -2.99pp | ||
| 2002 | 12.0% | -0.03pp | ||
| 2001 | 12.0% | +5.50pp | ||
| 2000 | 6.5% | +1.14pp | ||
| 1999 | 5.3% | +0.20pp | ||
| 1998 | 5.1% | -1.92pp | ||
| 1997 | 7.1% | +10.40pp | ||
| 1996 | -3.3% | -12.59pp | ||
| 1995 | 9.3% | +3.75pp | ||
| 1994 | 5.5% | +5.44pp | ||
| 1993 | 0.1% | -1.37pp | ||
| 1992 | 1.4% | -2.74pp | ||
| 1991 | 4.2% | +2.99pp | ||
| 1990 | 1.2% | -3.09pp | ||
| 1989 | 4.3% | — |
- 202515.0%-2.23pp
- 202417.2%+3.29pp
- 202313.9%-3.45pp
- 202217.4%-0.33pp
- 202117.7%+2.25pp
- 202015.4%-2.67pp
- 201918.1%+1.78pp
- 201816.3%+3.12pp
- 201713.2%+3.60pp
- 20169.6%-2.01pp
- 201511.6%+5.31pp
- 20146.3%-5.42pp
- 201311.7%-0.57pp
- 201212.3%+8.46pp
- 20113.8%-8.51pp
- 201012.3%-5.03pp
- 200917.4%+12.76pp
- 20084.6%-7.01pp
- 200711.6%+1.01pp
- 200610.6%+5.08pp
- 20055.5%-8.05pp
- 200413.6%+4.61pp
- 20039.0%-2.99pp
- 200212.0%-0.03pp
- 200112.0%+5.50pp
- 20006.5%+1.14pp
- 19995.3%+0.20pp
- 19985.1%-1.92pp
- 19977.1%+10.40pp
- 1996-3.3%-12.59pp
- 19959.3%+3.75pp
- 19945.5%+5.44pp
- 19930.1%-1.37pp
- 19921.4%-2.74pp
- 19914.2%+2.99pp
- 19901.2%-3.09pp
- 19894.3%—
FCF Margin values are taken from Hershey's reported income 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 FCF Margin at Hershey (HSY)
According to Hershey's latest reported financial statements, the company's latest reported free cash flow margin is 18.1%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Hershey (HSY) free cash flow margin totalled 14.96% – contracted 2.2 percentage points year-over-year.
Across the available history, free cash flow margin reached its high of 18.10% in 2019 and its low of -3.33% in 1996.
Hershey FCF Margin by Year
Hershey FCF Margin 2025: 15.0%
In 2025, Hershey reported free cash flow margin of 14.96%, contracted 2.2 percentage points from 2024.
Hershey FCF Margin 2024: 17.2%
Hershey free cash flow margin in 2024 was 17.19%, expanded 3.3 percentage points from 2023.
Hershey FCF Margin 2023: 13.9%
2023's free cash flow margin for Hershey came in at 13.90%, contracted 3.5 percentage points from 2022.
Hershey FCF Margin 2022: 17.4%
Hershey posted free cash flow margin of 17.36% in 2022, contracted 0.3 percentage points from 2021.
Hershey FCF Margin 2021: 17.7%
Hershey free cash flow margin in 2021 was 17.69%.
See more financial history for Hershey (HSY).
Sector peers by FCF Margin
Consumer Defensive peers of Hershey (HSY), ranked by their latest free cash flow margin
| 39.5% | |
| 25.7% | |
| 25.5% | |
| 23.6% | |
| 17.3% | |
| 9.3% | |
| 3.0% | |
| 1.7% |
- 39.5%
- 25.5%
- 9.3%
- 3.0%
- 1.7%
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