Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 17.58% is 15% below its 5-year average of 20.74%, around the middle of its 5-year range (7.37%–32.53%).
12.19% above its 12-month average of 15.67%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-28): 23.06%.
OPERATING MARGIN
17.58%
OPERATING MARGIN AVG TTM
15.67%
OPERATING MARGIN AVG 3Y
19.63%
OPERATING MARGIN AVG 5Y
20.74%
OPERATING MARGIN AVG 10Y
19.79%
OPERATING MARGIN AVG 15Y
19.23%
OPERATING MARGIN AVG 20Y
17.91%
CURRENT VS TTM AVG
+12.19%
CURRENT VS 3Y AVG
-10.46%
CURRENT VS 5Y AVG
-15.25%
CURRENT VS 10Y AVG
-11.18%
CURRENT VS 15Y AVG
-8.58%
CURRENT VS 20Y AVG
-1.87%
SECTOR MEDIAN · CONSUMER DEFENSIVE
11.72%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+49.94%
vs the sector median at left
The Hershey Company
Market Cap
$34.64B
Operating Margin
17.58%
TTM Avg
15.67%
3Y Avg
19.63%
5Y Avg
20.74%
Market Cap
$34.58B
Operating Margin
5.18%
TTM Avg
5.94%
3Y Avg
6.89%
5Y Avg
10.27%
Market Cap
$32.56B
Operating Margin
12.38%
TTM Avg
15.23%
3Y Avg
13.80%
5Y Avg
14.22%
Market Cap
$29.32B
Operating Margin
-13.04%
TTM Avg
-6.10%
3Y Avg
4.67%
5Y Avg
6.39%
Market Cap
$40.97B
Operating Margin
2.46%
TTM Avg
2.09%
3Y Avg
3.17%
5Y Avg
3.15%
Market Cap
$27.14B
Operating Margin
5.59%
TTM Avg
4.69%
3Y Avg
6.12%
5Y Avg
6.78%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Hershey Company (HSY) | $34.64B | 17.58% | 15.67% | 19.63% | 20.74% |
| The Estée Lauder Companies Inc. (EL)vs › | $34.58B | 5.18% | 5.94% | 6.89% | 10.27% |
| Kenvue Inc. (KVUE)vs › | $34.23B | 19.52% | 14.89% | 15.99% | 12.76% |
| Kimberly-Clark Corporation (KMB)vs › | $32.56B | 12.38% | 15.23% | 13.80% | 14.22% |
| The Kroger Co. (KR)vs › | $37.46B | 1.39% | 1.95% | 1.99% | 2.25% |
| Sysco Corporation (SYY)vs › | $37.64B | 3.66% | 3.73% | 3.88% | 3.62% |
| The Kraft Heinz Company (KHC)vs › | $29.32B | -13.04% | -6.10% | 4.67% | 6.39% |
| Archer-Daniels-Midland Company (ADM)vs › | $40.97B | 2.46% | 2.09% | 3.17% | 3.15% |
| Dollar General Corporation (DG)vs › | $27.14B | 5.59% | 4.69% | 6.12% | 6.78% |
| Keurig Dr Pepper Inc. (KDP)vs › | $43.27B | 16.82% | 21.78% | 21.23% | 21.52% |
Gross Margin
38.1%
Operating Margin
17.6%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-28 | 23.06% |
| 2026-03-29 | 20.64% |
| 2025-12-31 | 14.39% |
| 2025-09-28 | 12.89% |
| 2025-06-29 | 7.37% |
| 2025-03-30 | 13.16% |
| 2024-12-31 | 32.52% |
| 2024-09-29 | 20.52% |
| 2024-06-30 | 13.87% |
| 2024-03-31 | 32.53% |
| 2023-12-31 | 17.47% |
| 2023-10-01 | 24.29% |
| 2023-07-02 | 22.51% |
| 2023-04-02 | 26.77% |
| 2022-12-31 | 19.86% |
| 2022-10-02 | 20.40% |
| 2022-07-03 | 19.24% |
| 2022-04-03 | 27.04% |
| 2021-12-31 | 19.74% |
| 2021-10-03 | 24.36% |
| 2021-07-04 | 22.96% |
| 2021-04-04 | 24.09% |
| 2020-12-31 | 18.54% |
| 2020-09-27 | 27.54% |
| 2020-06-28 | 22.45% |
| 2020-03-29 | 18.79% |
| 2019-12-31 | 13.84% |
| 2019-09-29 | 21.59% |
| 2019-06-30 | 23.20% |
| 2019-03-31 | 21.76% |
| 2018-12-31 | 21.19% |
| 2018-09-30 | 19.54% |
| 2018-07-01 | 18.02% |
| 2018-04-01 | 24.37% |
| 2017-12-31 | 16.93% |
| 2017-10-01 | 21.59% |
| 2017-07-02 | 18.96% |
| 2017-04-02 | 10.21% |
| 2016-12-31 | 11.65% |
| 2016-10-02 | 18.67% |
| 2016-07-03 | 16.04% |
| 2016-04-03 | 18.56% |
| 2015-12-31 | 17.97% |
| 2015-10-04 | 15.45% |
| 2015-07-05 | 0.48% |
| 2015-04-05 | 20.47% |
| 2014-12-31 | 18.28% |
| 2014-09-28 | 18.44% |
| 2014-06-29 | 17.66% |
| 2014-03-30 | 21.72% |
| 2013-12-31 | 16.03% |
| 2013-09-29 | 20.15% |
| 2013-06-30 | 18.06% |
| 2013-03-31 | 21.82% |
| 2012-12-31 | 15.38% |
| 2012-09-30 | 17.27% |
| 2012-07-01 | 15.71% |
| 2012-04-01 | 19.31% |
| 2011-12-31 | 14.61% |
| 2011-10-02 | 19.77% |
| 2011-07-03 | 17.23% |
| 2011-04-03 | 17.68% |
| 2010-12-31 | 15.37% |
| 2010-10-03 | 19.37% |
| 2010-07-04 | 10.09% |
| 2010-04-04 | 17.99% |
| 2009-12-31 | 15.09% |
| 2009-10-04 | 18.84% |
| 2009-07-05 | 9.96% |
| 2009-04-05 | 12.37% |
| 2008-12-31 | 11.14% |
| 2008-09-28 | 14.77% |
| 2008-06-29 | 8.51% |
| 2008-03-30 | 10.55% |
| 2007-12-31 | 9.47% |
| 2007-09-30 | 9.20% |
| 2007-07-01 | 3.12% |
| 2007-04-01 | 14.75% |
| 2006-12-31 | 20.81% |
| 2006-10-01 | 22.63% |
| 2006-07-02 | 17.39% |
| 2006-04-02 | 18.52% |
| 2005-12-31 | 19.83% |
| 2005-10-02 | 15.62% |
| 2005-07-03 | 17.51% |
| 2005-04-01 | 18.28% |
| 2004-12-31 | 22.60% |
| 2004-10-03 | 22.43% |
| 2004-07-04 | 16.89% |
| 2004-04-30 | 18.10% |
| 2003-12-31 | 20.75% |
| 2003-09-28 | 21.37% |
| 2003-06-29 | 15.13% |
| 2003-03-31 | 17.70% |
| 2002-12-31 | 19.13% |
| 2002-09-29 | 18.10% |
