The Hershey Company logo
The Hershey Company (HSY)
Compare

The Hershey Company (HSY) FCF Payout Ratio: 52.96%

Is The Hershey Company’s FCF payout ratio high or low?

The Hershey Company's FCF payout ratio of 52.96% is in line with its 5-year average of 52.11%, around the middle of its 5-year range (42.86%–62.05%).

10.53% below its 12-month average of 59.19%.

HSY FCF Payout Ratio Chart

HSY FCF Payout Ratio
62.05%+10.14% 1Y
Zoom

HSY Average FCF Payout Ratio Chart

HSY Current vs Average FCF Payout Ratio Chart

HSY FCF Payout Ratio Metrics

FCF PAYOUT RATIO

52.96%

FCF PAYOUT RATIO AVG TTM

59.19%

FCF PAYOUT RATIO AVG 3Y

54.63%

FCF PAYOUT RATIO AVG 5Y

52.11%

FCF PAYOUT RATIO AVG 10Y

52.52%

FCF PAYOUT RATIO AVG 15Y

50.39%

FCF PAYOUT RATIO AVG 20Y

50.26%

CURRENT VS TTM AVG

-10.53%

CURRENT VS 3Y AVG

-3.06%

CURRENT VS 5Y AVG

+1.63%

CURRENT VS 10Y AVG

+0.85%

CURRENT VS 15Y AVG

+5.09%

CURRENT VS 20Y AVG

+5.37%

Payout Ratio Comparison

FCF Payout Ratio

53.0%

Earnings Payout Ratio

128.3%

Dividend Yield

3.09%

FCF Yield

5.82%

Annual FCF Payout Ratio History

YearFree Cash FlowDividends PaidFCF Payout Ratio
2025$1.75B$1.09B62.0%
2024$1.93B$1.08B56.3%
2023$1.55B$889.07M57.3%
2022$1.81B$775.03M42.9%
2021$1.59B$685.99M43.2%
2020$1.26B$640.73M50.9%
2019$1.45B$610.31M42.2%
2018$1.27B$562.52M44.2%
2017$991.84M$526.27M53.1%
2016$714.00M$499.48M70.0%
2015$857.65M$476.13M55.5%
2014$467.43M$440.41M94.2%
2013$837.49M$393.80M47.0%
2012$816.86M$341.21M41.8%
2011$233.30M$304.08M130.3%
2010$699.94M$273.24M39.0%
2009$920.28M$256.08M27.8%
2008$236.58M$262.95M111.1%
2007$574.94M$252.26M43.9%
2006$524.68M$235.13M44.8%
2005$267.46M$221.24M82.7%
2004$601.56M$205.75M34.2%
2003$374.29M$184.69M49.3%
2002$492.61M$167.82M34.1%
2001$546.30M$154.75M28.3%
2000$273.88M$144.89M52.9%
1999$212.30M$136.70M64.4%
1998$228.40M$129.00M56.5%
1997$304.00M$121.50M40.0%
1996($132.90M)$114.80MN/A (Loss)

Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100

FCF payout and earnings payout:

  • FCF represents operating cash flow after capital expenditures
  • FCF payout compares dividends paid with free cash flow
  • FCF payout above 100% means dividends paid exceeded free cash flow for the period
  • Earnings payout compares dividends paid with net income

Reading the series: Use the chart and table to compare dividend payments with cash generation over time.

The Hershey Company FCF Payout Ratio Formula & Definition

FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

The Hershey Company FCF Payout Ratio FAQ

What is the FCF payout ratio for The Hershey Company (HSY)?
The FCF payout ratio for HSY stock is 52.96%.
Is The Hershey Company's FCF payout ratio high or low?
The Hershey Company's FCF payout ratio of 52.96% is in line with its 5-year average of 52.11%, around the middle of its 5-year range (42.86%–62.05%).
What is the TTM average FCF payout ratio for The Hershey Company (HSY)?
The TTM average FCF payout ratio for HSY stock is 59.19%.
What is the 3Y average FCF payout ratio for The Hershey Company (HSY)?
The 3Y average FCF payout ratio for HSY stock is 54.63%.
What is the 5Y average FCF payout ratio for The Hershey Company (HSY)?
The 5Y average FCF payout ratio for HSY stock is 52.11%.
What is the 10Y average FCF payout ratio for The Hershey Company (HSY)?
The 10Y average FCF payout ratio for HSY stock is 52.52%.
What is the 15Y average FCF payout ratio for The Hershey Company (HSY)?
The 15Y average FCF payout ratio for HSY stock is 50.39%.
What is the 20Y average FCF payout ratio for The Hershey Company (HSY)?
The 20Y average FCF payout ratio for HSY stock is 50.26%.

The Hershey Company FCF Payout Ratio History

DATEFCF PAYOUT RATIO
2025-12-3162.05%
2024-12-3156.33%
2023-12-3157.28%
2022-12-3142.86%
2021-12-3143.23%
2020-12-3150.93%
2019-12-3142.22%
2018-12-3144.24%
2017-12-3153.06%
2016-12-3169.95%
2015-12-3155.52%
2014-12-3194.22%
2013-12-3147.02%
2012-12-3141.77%
2011-12-31130.34%
2010-12-3139.04%
2009-12-3127.83%
2008-12-31111.14%
2007-12-3143.88%
2006-12-3144.81%
2005-12-3182.72%
2004-12-3134.20%
2003-12-3149.34%
2002-12-3134.07%
2001-12-3128.33%
2000-12-3152.90%
1999-12-3164.39%
1998-12-3156.48%
1997-12-3139.97%

About The Hershey Company

The Hershey Company, operating with its various subsidiaries, serves as a key manufacturer and distributor of both sweet confections and general household pantry items. Its market reach extends across the United States and globally. The enterprise strategically divides its operations into three main business segments: North America Confectionery, North America Salty Snacks, and an International division. Its extensive product catalog features a wide array of offerings. This includes various chocolate and non-chocolate candies, as well as refreshing chewing gums and mints. Beyond traditional treats, Hershey also supplies pantry essentials such as baking ingredients, dessert toppings, a range of beverages, and sundae syrups. Furthermore, their snack collection encompasses diverse items like spreads, meat snacks, various bars and snack bites, popcorn, and protein bars. The company markets its broad product line under numerous iconic brand names. Its extensive brand portfolio includes household names such as Hershey's, Reese's, Kisses, Jolly Rancher, Kit Kat, Twizzlers, York, and Ice Breakers, alongside other popular confectionery brands like Almond Joy, Cadbury, Heath, Payday, Rolo, and Whoppers. The snack segment features well-known names like SkinnyPop, Pirates Booty, Paqui, Dot's Homestyle Pretzels, and ONE Bar, complemented by international offerings such as Pelon Pelo Rico, IO-IO, and Sofit. Hershey distributes its merchandise through a comprehensive network of channels. These include wholesale distributors, major grocery store chains, large-scale retailers, pharmacies, vending machine operators, warehouse clubs, convenience stores, discount stores, concession stands, and department stores. Established in 1894, The Hershey Company maintains its corporate headquarters in Hershey, Pennsylvania.

Hershey, PA
18,540 employees
Consumer Defensive / Food Confectioners
Sector
Consumer Defensive
Industry
Food Confectioners
CEO
Kirk C. Tanner