Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 23.06% is 11% above its 5-year average of 20.74%, around the middle of its 5-year range (7.37%–32.53%).
As of the fiscal period ended Sunday, June 28, 2026. 47.13% above its 12-month average of 15.67%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
23.06%
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
+47.13%
CURRENT VS 3Y AVG
+17.43%
CURRENT VS 5Y AVG
+11.15%
CURRENT VS 10Y AVG
+16.48%
CURRENT VS 15Y AVG
+19.90%
CURRENT VS 20Y AVG
+28.70%
SECTOR MEDIAN · CONSUMER DEFENSIVE
11.75%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+96.14%
vs the sector median at left
The Hershey Company
Market Cap
$35.50B
Operating Margin
23.06%
TTM Avg
15.67%
3Y Avg
19.63%
5Y Avg
20.74%
Market Cap
$36.28B
Operating Margin
13.27%
TTM Avg
15.23%
3Y Avg
13.80%
5Y Avg
14.22%
Market Cap
$38.20B
Operating Margin
1.52%
TTM Avg
2.09%
3Y Avg
3.17%
5Y Avg
3.15%
Market Cap
$30.65B
Operating Margin
-19.16%
TTM Avg
-6.10%
3Y Avg
4.67%
5Y Avg
6.39%
Market Cap
$30.34B
Operating Margin
7.56%
TTM Avg
6.46%
3Y Avg
10.07%
5Y Avg
10.11%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Hershey Company (HSY) | $35.50B | 23.06% | 15.67% | 19.63% | 20.74% |
| The Kroger Co. (KR)vs › | $35.37B | 1.33% | 1.95% | 1.99% | 2.25% |
| Kimberly-Clark Corporation (KMB)vs › | $36.28B | 13.27% | 15.23% | 13.80% | 14.22% |
| Kenvue Inc. (KVUE)vs › | $36.94B | 19.62% | 14.89% | 15.99% | 12.76% |
| Archer-Daniels-Midland Company (ADM)vs › | $38.20B | 1.52% | 2.09% | 3.17% | 3.15% |
| The Kraft Heinz Company (KHC)vs › | $30.65B | -19.16% | -6.10% | 4.67% | 6.39% |
| The Estée Lauder Companies Inc. (EL)vs › | $30.34B | 7.56% | 6.46% | 10.07% | 10.11% |
| Sysco Corporation (SYY)vs › | $40.76B | 3.59% | 3.93% | 3.82% | 3.62% |
| Kellanova (K)vs › | $29.03B | 14.61% | 13.08% | 11.88% | 11.77% |
| Keurig Dr Pepper Inc. (KDP)vs › | $42.34B | 21.29% | 21.78% | 21.23% | 21.52% |
Gross Margin
38.1%
Operating Margin
23.1%
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% |
