Hershey annual free cash flow
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2025
Hershey Free Cash Flow (FCF) History (HSY)
Hershey reported $1.82B in free cash flow for fiscal 2025, a decrease of 5.34% from the previous fiscal year, with a free cash flow margin of 15.59%.
View full Hershey company overviewHershey free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.82B | −$102.9M | −5.34% | +15.59% |
| 2024 | 2024-12-31 | $1.93B | $373.6M | +24.07% | +17.19% |
| 2023 | 2023-12-31 | $1.55B | −$256.3M | −14.17% | +13.90% |
| 2022 | 2022-12-31 | $1.81B | $221.3M | +13.95% | +17.36% |
| 2021 | 2021-12-31 | $1.59B | $329.0M | +26.15% | +17.69% |
| 2020 | 2020-12-31 | $1.26B | −$187.7M | −12.98% | +15.44% |
| 2019 | 2019-12-31 | $1.45B | $174.3M | +13.71% | +18.10% |
| 2018 | 2018-12-31 | $1.27B | $279.6M | +28.19% | +16.32% |
| 2017 | 2017-12-31 | $991.8M | $247.9M | +33.32% | +13.20% |
| 2016 | 2016-12-31 | $744.0M | −$155.5M | −17.29% | +10.00% |
| 2015 | 2015-12-31 | $899.5M | $425.9M | +89.93% | +12.18% |
| 2014 | 2014-12-31 | $473.6M | −$394.3M | −45.43% | +6.38% |
| 2013 | 2013-12-31 | $867.8M | $31.7M | +3.80% | +48.21% |
| 2012 | 2012-12-31 | $836.1M | $572.2M | +216.82% | +55.74% |
| 2011 | 2011-12-31 | $263.9M | −$458.0M | −63.44% | +18.85% |
| 2010 | 2010-12-31 | $721.9M | −$217.5M | −23.16% | +12.73% |
| 2009 | 2009-12-31 | $939.4M | $682.5M | +265.65% | +17.73% |
| 2008 | 2008-12-31 | $256.9M | −$332.2M | −56.39% | +5.01% |
| 2007 | 2007-12-31 | $589.1M | — | — | +11.91% |
Hershey quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | $329.5M | $302.4M | +1114.56% | +11.82% |
| Q1 2026 | 2026-03-29 | $354.2M | $103.1M | +41.03% | +11.41% |
| Q4 2025 | 2025-12-31 | $788.5M | −$18.6M | −2.31% | +25.51% |
| Q3 2025 | 2025-09-28 | $756.0M | $188.7M | +33.26% | +23.76% |
| Q2 2025 | 2025-06-29 | $27.1M | −$168.3M | −86.12% | +1.04% |
| Q1 2025 | 2025-03-30 | $251.2M | −$104.7M | −29.42% | +8.95% |
| Q4 2024 | 2024-12-31 | $807.1M | $271.9M | +50.82% | +27.95% |
| Q3 2024 | 2024-09-29 | $567.3M | $269.7M | +90.60% | +18.99% |
| Q2 2024 | 2024-06-30 | $195.5M | $55.5M | +39.61% | +9.42% |
| Q1 2024 | 2024-03-31 | $355.8M | −$223.5M | −38.58% | +10.94% |
| Q4 2023 | 2023-12-31 | $535.1M | −$73.0M | −12.01% | +20.14% |
| Q3 2023 | 2023-10-01 | $297.6M | −$29.8M | −9.09% | +9.82% |
| Q2 2023 | 2023-07-02 | $140.0M | −$217.4M | −60.83% | +5.62% |
| Q1 2023 | 2023-04-02 | $579.3M | $63.9M | +12.40% | +19.39% |
| Q4 2022 | 2022-12-31 | $608.2M | $77.4M | +14.59% | +22.93% |
| Q3 2022 | 2022-10-02 | $327.4M | $61.2M | +22.98% | +12.00% |
| Q2 2022 | 2022-07-03 | $357.4M | $62.5M | +21.21% | +15.06% |
| Q1 2022 | 2022-04-03 | $515.4M | $20.2M | +4.09% | +19.33% |
| Q4 2021 | 2021-12-31 | $530.7M | $75.9M | +16.69% | +22.82% |
| Q3 2021 | 2021-10-03 | $266.2M | −$108.7M | −29.00% | +11.28% |
| Q2 2021 | 2021-07-04 | $294.9M | $13.5M | +4.79% | +14.82% |
| Q1 2021 | 2021-04-04 | $495.2M | $348.3M | +237.13% | +21.57% |
| Q4 2020 | 2020-12-31 | $454.8M | −$234.1M | −33.98% | +20.81% |
| Q3 2020 | 2020-09-27 | $375.0M | $121.2M | +47.78% | +16.89% |
| Q2 2020 | 2020-06-28 | $281.4M | $15.5M | +5.82% | +16.48% |
| Q1 2020 | 2020-03-29 | $146.9M | −$90.3M | −38.07% | +7.21% |
| Q4 2019 | 2019-12-31 | $688.9M | $69.1M | +11.16% | +33.31% |
| Q3 2019 | 2019-09-29 | $253.7M | $69.0M | +37.39% | +11.89% |
| Q2 2019 | 2019-06-30 | $265.9M | $90.9M | +51.92% | +15.05% |
| Q1 2019 | 2019-03-31 | $237.1M | −$54.8M | −18.76% | +11.76% |
| Q4 2018 | 2018-12-31 | $619.7M | $104.9M | +20.37% | +31.18% |
| Q3 2018 | 2018-09-30 | $184.7M | −$41.2M | −18.26% | +8.88% |
| Q2 2018 | 2018-07-01 | $175.0M | $125.2M | +250.91% | +9.99% |
| Q1 2018 | 2018-04-01 | $291.9M | $90.8M | +45.12% | +14.80% |
| Q4 2017 | 2017-12-31 | $514.9M | $53.4M | +11.58% | +26.54% |
| Q3 2017 | 2017-10-01 | $225.9M | $208.0M | +1159.78% | +11.11% |
| Q2 2017 | 2017-07-02 | $49.9M | $13.3M | +36.40% | +3.00% |
| Q1 2017 | 2017-04-02 | $201.2M | −$26.9M | −11.78% | +10.70% |
| Q4 2016 | 2016-12-31 | $461.4M | −$80.9M | −14.92% | +23.42% |
| Q3 2016 | 2016-10-02 | $17.9M | −$5.3M | −22.80% | +0.90% |
| Q2 2016 | 2016-07-03 | $36.6M | −$95.9M | −72.40% | +2.23% |
| Q1 2016 | 2016-04-03 | $228.0M | $26.6M | +13.19% | +12.47% |
| Q4 2015 | 2015-12-31 | $542.3M | $241.9M | +80.52% | +28.40% |
| Q3 2015 | 2015-10-04 | $23.2M | −$114.5M | −83.14% | +1.18% |
| Q2 2015 | 2015-07-05 | $132.5M | $227.3M | — | +8.39% |
| Q1 2015 | 2015-04-05 | $201.5M | $71.2M | +54.68% | +10.40% |
| Q4 2014 | 2014-12-31 | $300.4M | −$159.0M | −34.61% | +14.95% |
| Q3 2014 | 2014-09-28 | $137.8M | −$73.0M | −34.64% | +7.02% |
| Q2 2014 | 2014-06-29 | −$94.8M | −$89.9M | — | −6.01% |
| Q1 2014 | 2014-03-30 | $130.2M | −$72.4M | −35.71% | +6.96% |
| Q4 2013 | 2013-12-31 | $459.4M | $28.2M | +6.54% | — |
| Q3 2013 | 2013-09-29 | $210.7M | −$19.5M | −8.47% | +11.37% |
| Q2 2013 | 2013-06-30 | −$4.9M | $7.8M | — | −0.32% |
| Q1 2013 | 2013-03-31 | $202.6M | $15.3M | +8.15% | +11.09% |
| Q4 2012 | 2012-12-31 | $431.2M | $173.3M | +67.20% | — |
| Q3 2012 | 2012-09-30 | $230.2M | $339.9M | — | +13.18% |
| Q2 2012 | 2012-07-01 | −$12.6M | −$46.4M | — | −0.89% |
| Q1 2012 | 2012-04-01 | $187.3M | $105.4M | +128.73% | +10.81% |
| Q4 2011 | 2011-12-31 | $257.9M | −$184.4M | −41.69% | — |
| Q3 2011 | 2011-10-02 | −$109.6M | −$189.4M | — | −6.75% |
| Q2 2011 | 2011-07-03 | $33.8M | −$15.5M | −31.48% | +2.55% |
| Q1 2011 | 2011-04-03 | $81.9M | −$68.7M | −45.62% | +5.24% |
| Q4 2010 | 2010-12-31 | $442.3M | $43.9M | +11.02% | +29.83% |
| Q3 2010 | 2010-10-03 | $79.8M | −$81.4M | −50.50% | +5.16% |
| Q2 2010 | 2010-07-04 | $49.3M | −$86.4M | −63.70% | +3.99% |
| Q1 2010 | 2010-04-04 | $150.6M | −$93.6M | −38.34% | +10.70% |
| Q4 2009 | 2009-12-31 | $398.3M | $806.6M | — | +28.30% |
| Q3 2009 | 2009-10-04 | $161.2M | — | — | +10.86% |
| Q2 2009 | 2009-07-05 | $135.7M | — | — | +11.59% |
| Q1 2009 | 2009-04-05 | $244.2M | — | — | +19.76% |
| Q3 2008 | 2008-09-28 | −$408.3M | — | — | −27.41% |
Hershey free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $1.26B to $1.82B, a compound annual growth rate of 7.70%. Hershey's latest reported quarter, Q2 2026, generated $329.5M in free cash flow, an increase of 1114.56% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Hershey filings at SEC.gov ↗