TTM
34.8%
YoY change
−14.05pp
Trough year (2000)
32.0%
Peak year (2024)
47.3%
Latest annual
33.3%
Gross Margin history chart for Hershey (HSY) from 1985 to 2025
Latest: 33.3%
Gross Margin change chart for Hershey (HSY) from 1985 to 2025
Latest: −14.05pp
Gross Margin history table for Hershey (HSY) from 1985 to 2025
| 2025 | 33.3% | -14.05pp | ||
| 2024 | 47.3% | +2.56pp | ||
| 2023 | 44.8% | +1.59pp | ||
| 2022 | 43.2% | -1.95pp | ||
| 2021 | 45.1% | -0.29pp | ||
| 2020 | 45.4% | +0.06pp | ||
| 2019 | 45.4% | -0.53pp | ||
| 2018 | 45.9% | -0.09pp | ||
| 2017 | 46.0% | +3.38pp | ||
| 2016 | 42.6% | -3.19pp | ||
| 2015 | 45.8% | +0.84pp | ||
| 2014 | 45.0% | -0.96pp | ||
| 2013 | 45.9% | +2.87pp | ||
| 2012 | 43.0% | +1.41pp | ||
| 2011 | 41.6% | -0.95pp | ||
| 2010 | 42.6% | +3.84pp | ||
| 2009 | 38.7% | +4.50pp | ||
| 2008 | 34.2% | +1.26pp | ||
| 2007 | 33.0% | -4.79pp | ||
| 2006 | 37.8% | -0.76pp | ||
| 2005 | 38.5% | -0.84pp | ||
| 2004 | 39.4% | +0.35pp | ||
| 2003 | 39.0% | +1.17pp | ||
| 2002 | 37.8% | +5.62pp | ||
| 2001 | 32.2% | +0.26pp | ||
| 2000 | 32.0% | -12.85pp | ||
| 1999 | 44.8% | +0.43pp | ||
| 1998 | 44.4% | -1.32pp | ||
| 1997 | 45.7% | +0.06pp | ||
| 1996 | 45.6% | -0.38pp | ||
| 1995 | 46.0% | +0.60pp | ||
| 1994 | 45.4% | -0.62pp | ||
| 1993 | 46.0% | -0.04pp | ||
| 1992 | 46.1% | +1.57pp | ||
| 1991 | 44.5% | +0.27pp | ||
| 1990 | 44.2% | +1.64pp | ||
| 1989 | 42.6% | +1.38pp | ||
| 1988 | 41.2% | +4.55pp | ||
| 1987 | 36.7% | +0.94pp | ||
| 1986 | 35.7% | +1.15pp | ||
| 1985 | 34.6% | — |
- 202533.3%-14.05pp
- 202447.3%+2.56pp
- 202344.8%+1.59pp
- 202243.2%-1.95pp
- 202145.1%-0.29pp
- 202045.4%+0.06pp
- 201945.4%-0.53pp
- 201845.9%-0.09pp
- 201746.0%+3.38pp
- 201642.6%-3.19pp
- 201545.8%+0.84pp
- 201445.0%-0.96pp
- 201345.9%+2.87pp
- 201243.0%+1.41pp
- 201141.6%-0.95pp
- 201042.6%+3.84pp
- 200938.7%+4.50pp
- 200834.2%+1.26pp
- 200733.0%-4.79pp
- 200637.8%-0.76pp
- 200538.5%-0.84pp
- 200439.4%+0.35pp
- 200339.0%+1.17pp
- 200237.8%+5.62pp
- 200132.2%+0.26pp
- 200032.0%-12.85pp
- 199944.8%+0.43pp
- 199844.4%-1.32pp
- 199745.7%+0.06pp
- 199645.6%-0.38pp
- 199546.0%+0.60pp
- 199445.4%-0.62pp
- 199346.0%-0.04pp
- 199246.1%+1.57pp
- 199144.5%+0.27pp
- 199044.2%+1.64pp
- 198942.6%+1.38pp
- 198841.2%+4.55pp
- 198736.7%+0.94pp
- 198635.7%+1.15pp
- 198534.6%—
Gross 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 Gross Margin at Hershey (HSY)
According to Hershey's latest reported financial statements, the company's latest reported gross margin is 34.8%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Hershey (HSY) gross margin is 33.27% – contracted 14.1 percentage points year-over-year.
The record annual gross margin stands at 47.32%, reached in 2024; the historical low of 31.97% was recorded in 2000.
Hershey Gross Margin by Year
Hershey Gross Margin 2025: 33.3%
Hershey posted gross margin of 33.27% in 2025, contracted 14.1 percentage points from 2024.
Hershey Gross Margin 2024: 47.3%
In 2024, Hershey reported gross margin of 47.32%, expanded 2.6 percentage points from 2023. This figure represents the highest annual value in the available history.
Hershey Gross Margin 2023: 44.8%
Hershey gross margin in 2023 was 44.76%, expanded 1.6 percentage points from 2022.
Hershey Gross Margin 2022: 43.2%
2022's gross margin for Hershey came in at 43.18%, contracted 2.0 percentage points from 2021.
Hershey Gross Margin 2021: 45.1%
Hershey gross margin in 2021 was 45.13%.
See more financial history for Hershey (HSY).
Sector peers by Gross Margin
Consumer Defensive peers of Hershey (HSY), ranked by their latest gross margin
| 67.8% | |
| 67.3% | |
| 61.7% | |
| 55.5% | |
| 54.1% | |
| 50.3% | |
| 25.0% | |
| 12.9% |
- 67.8%
- 61.7%
- 54.1%
- 25.0%
- 12.9%
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