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The Hershey Company (HSY) Operating Margin: 14.08%

Is The Hershey Company’s operating margin high or low?

The Hershey Company's operating margin of 14.08% is 34% below its 5-year average of 21.21%, near the low end of its 5-year range (12.12%–25.87%).

As of Thursday, June 18, 2026. 25.88% below its 12-month average of 19.00%.

HSY Operating Margin Chart

HSY Operating Margin
12.12%-53.15% 1Y
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HSY Average Operating Margin Chart

HSY Current vs Average Operating Margin Chart

HSY Operating Margin Metrics

OPERATING MARGIN

14.08%

OPERATING MARGIN AVG TTM

19.00%

OPERATING MARGIN AVG 3Y

20.66%

OPERATING MARGIN AVG 5Y

21.21%

OPERATING MARGIN AVG 10Y

19.62%

OPERATING MARGIN AVG 15Y

19.06%

OPERATING MARGIN AVG 20Y

18.00%

CURRENT VS TTM AVG

-25.88%

CURRENT VS 3Y AVG

-31.84%

CURRENT VS 5Y AVG

-33.63%

CURRENT VS 10Y AVG

-28.24%

CURRENT VS 15Y AVG

-26.11%

CURRENT VS 20Y AVG

-21.76%

HSY Competitors' Operating Margin

NAMEMARKET CAPOPERATING MARGINTTM3Y5Y
The Hershey Company (HSY)$34.75B14.08%19.00%20.66%21.21%
The Kroger Co. (KR)vs ›$34.90B1.33%1.95%1.99%2.25%
Kimberly-Clark Corporation (KMB)vs ›$34.04B13.27%15.23%13.80%14.22%
Sysco Corporation (SYY)vs ›$37.63B3.59%3.93%3.82%3.62%
Kellanova (K)vs ›$29.03B14.61%13.08%11.88%11.77%
Keurig Dr Pepper Inc. (KDP)vs ›$41.85B21.29%21.78%21.23%21.52%
The Kraft Heinz Company (KHC)vs ›$27.06B-19.16%-6.10%4.67%6.39%
Dollar General Corporation (DG)vs ›$25.04B5.26%4.69%6.12%6.78%
Constellation Brands, Inc. (STZ)vs ›$24.22B31.33%33.39%32.47%32.66%
Church & Dwight Co., Inc. (CHD)vs ›$22.66B17.30%15.30%14.93%16.93%

Operating Efficiency

Gross Margin

34.8%

Operating Margin

14.1%

The Hershey Company Operating Margin Formula & Definition

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

The Hershey Company Operating Margin FAQ

What is the operating margin for The Hershey Company (HSY)?
The operating margin for HSY stock is 14.08%.
Is The Hershey Company's operating margin high or low?
The Hershey Company's operating margin of 14.08% is 34% below its 5-year average of 21.21%, near the low end of its 5-year range (12.12%–25.87%).
What is the TTM average operating margin for The Hershey Company (HSY)?
The TTM average operating margin for HSY stock is 19.00%.
What is the 3Y average operating margin for The Hershey Company (HSY)?
The 3Y average operating margin for HSY stock is 20.66%.
What is the 5Y average operating margin for The Hershey Company (HSY)?
The 5Y average operating margin for HSY stock is 21.21%.
What is the 10Y average operating margin for The Hershey Company (HSY)?
The 10Y average operating margin for HSY stock is 19.62%.
What is the 15Y average operating margin for The Hershey Company (HSY)?
The 15Y average operating margin for HSY stock is 19.06%.
What is the 20Y average operating margin for The Hershey Company (HSY)?
The 20Y average operating margin for HSY stock is 18.00%.

The Hershey Company Operating Margin History

DATEOPERATING MARGIN
2025-12-3112.12%
2024-12-3125.87%
2023-12-3122.94%
2022-12-3121.70%
2021-12-3122.78%
2020-12-3121.87%
2019-12-3119.98%
2018-12-3120.84%
2017-12-3117.48%
2016-12-3116.21%
2015-12-3114.05%
2014-12-3119.34%
2013-12-3119.01%
2012-12-3117.40%
2011-12-3117.35%
2010-12-3115.96%
2009-12-3114.37%
2008-12-3111.49%
2007-12-319.28%
2006-12-3120.08%
2005-12-3117.80%
2004-12-3120.37%
2003-12-3119.09%
2002-12-3116.95%
2001-12-3113.64%
2000-12-3114.75%
1999-12-3114.06%
1998-12-3114.49%
1997-12-3114.65%
1996-12-3114.12%

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