The Hershey (HSY) 10-K Summary — Year Ended Dec 31, 2025
The Hershey Company filed its annual report for the most recent fiscal year. The filing describes the company's business, financial results, risk factors, and liquidity position.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
The Hershey Company filed its annual report for the most recent fiscal year. The filing describes the company's business, financial results, risk factors, and liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$11.7B
Revenue reported for the fiscal year.
Operating income
$1.4B
Income from operations reported for the year.
Net income
$883.3M
Net income reported for the year.
Operating cash flow
$2.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $10.4B | +16.1% |
| Dec 31, 2023 | $11.2B | +7.2% |
| Dec 31, 2024 | $11.2B | +0.3% |
| Dec 31, 2025 | $11.7B | +4.4% |
Business overview
The Hershey Company operates as a confectionery and snack food company. Its business overview is described in Item 1 of the filing, covering its product portfolio and market presence.
Financial performance
Revenue increased compared to the prior year, while operating income and net income were reported at lower levels. Operating cash flow remained substantial relative to revenue.
Material risks
The filing identifies risk factors in Item 1A, including potential impacts from commodity price volatility, supply chain disruptions, and changing consumer preferences. These risks could affect the company's operations and financial condition.
Liquidity and capital
The filing discusses liquidity and capital resources, indicating that the company maintains access to credit markets and generates cash from operations to support its capital allocation activities.
What to watch
Readers should monitor any changes in revenue growth trajectory or margin trends in the next filing.