On trailing earnings, K is cheaper: HSY trades at a 32.65 P/E and K at 22.90.

Which has grown faster, HSY or K?

Over the past five years, HSY grew revenue faster — HSY at a 7.65% CAGR versus K at -1.30%.

Does HSY or K pay a bigger dividend?

HSY yields 3.22% and K yields 1.39% based on trailing dividends and the latest price.

Is HSY or K more profitable?

K runs the higher net margin — HSY at 9.12% versus K at 10.08%.

Which has been the better investment, HSY or K?

Over the past 10-year, HSY delivered the higher annualized total return — HSY at 8.66% versus K at 5.79%. Past performance doesn't predict future results.

The Hershey Company (HSY) vs Kellanova (K)

K leads on 10 of 15 compared metrics.

A side-by-side comparison of The Hershey Company and Kellanova across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 17, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

HSY

The Hershey Company

$35.56B

$175.31Consumer Defensive

Kellanova

$29.03B

$83.44Consumer Defensive

Total return — HSY vs K

growth of $100 · last 29y

HSY +916.4%K +154.5%HSY compounded faster

HSY K

HSY vs K: by the numbers

•HSY is the larger company ($35.56B vs $29.03B market cap).
•K trades at the lower earnings multiple (22.90 vs 32.65 P/E).
•K converts more revenue to profit (10.08% vs 9.12% net margin).
•HSY grew revenue faster over the past five years (7.65% vs -1.30% CAGR).
•HSY pays the higher dividend yield (3.22% vs 1.39%).

Which is better, HSY or K?

Metric tally: HSY 5 · K 10

It depends on what you're optimizing for:

ValueK(lower P/E)

GrowthHSY(faster 5Y revenue CAGR)

IncomeHSY(higher dividend yield)

QualityK(higher ROIC)

Metrics side by side

Valuation

Metric	HSY	K
P/E ratio	32.65	22.90●
Forward P/E	17.54●	22.06
P/S ratio	2.99	2.30●
P/B ratio	7.56	6.95●
PEG ratio	—	0.51
EV / EBITDA	18.57	15.66●
FCF yield	6.06%●	2.05%

Profitability

Metric	HSY	K
Gross margin	34.76%	34.81%
Operating margin	14.08%	14.61%●
Net margin	9.12%	10.08%●
ROE	23.11%	30.38%●
ROIC	9.00%	12.91%●

Dividends

Metric	HSY	K
Dividend yield	3.22%●	1.39%
Payout ratio	128.27%	29.59%

Growth (annualized)

Metric	HSY	K
Revenue CAGR (5Y)	7.65%●	-1.30%
EPS CAGR (5Y)	-6.42%	0.30%●
FCF CAGR (5Y)	10.95%●	-15.22%
Total return CAGR (5Y)	2.71%	11.22%●

Frequently asked

Which is better, HSY or K?: It depends on your goal. value: K (lower P/E); growth: HSY (faster 5Y revenue CAGR); income: HSY (higher dividend yield); quality: K (higher ROIC). Across all compared metrics, K leads 10 to 5.
Is HSY or K cheaper?: On trailing earnings, K is cheaper: HSY trades at a 32.65 P/E and K at 22.90.
Which has grown faster, HSY or K?: Over the past five years, HSY grew revenue faster — HSY at a 7.65% CAGR versus K at -1.30%.
Does HSY or K pay a bigger dividend?: HSY yields 3.22% and K yields 1.39% based on trailing dividends and the latest price.
Is HSY or K more profitable?: K runs the higher net margin — HSY at 9.12% versus K at 10.08%.
Which has been the better investment, HSY or K?: Over the past 10-year, HSY delivered the higher annualized total return — HSY at 8.66% versus K at 5.79%. Past performance doesn't predict future results.

Go deeper

Full HSY analysis Full K analysis Interactive comparison tool

Dig into the metrics

Hershey P/E ratio Kellanova P/E ratio Hershey dividend yield Kellanova dividend yield Hershey ROE Kellanova ROE Hershey operating margin Kellanova operating margin Hershey revenue growth Kellanova revenue growth Hershey free cash flow Kellanova free cash flow

Hershey & Kellanova appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 17, 2026.