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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
~$38B
P/E ratio
~22× (fwd)
Div yield
~3.0%
EPS (2025)
$4.34
Profit margin
~8%
Rev. growth
+4%
Revenue
$11.7B
Free cash flow
~$1.9B
In plain English
America's biggest chocolate maker — Hershey's, Reese's, Kisses and the US rights to Kit Kat — that has spent the last decade buying its way into salty snacks (SkinnyPop, Dot's Pretzels, Pirate's Booty) to become a broader snacking company. Its margins live and die by the global cocoa price, and it sits under the unusual control of a charitable trust that funds a school for children in need.
In simple terms
What The Hershey Company really sells
America's biggest chocolate maker — Hershey's, Reese's, Kisses and the US rights to Kit Kat — that has spent the last decade buying its way into salty snacks (SkinnyPop, Dot's Pretzels, Pirate's Booty) to become a broader snacking company. Its margins live and die by the global cocoa price, and it sits under the unusual control of a charitable trust that funds a school for children in need.
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