Switch theme
Sign up to access all valuation multiples
Hershey is a leading US confectionery manufacturer (around a $54 billion market, according to Euromonitor), controlling around 36% of the domestic chocolate space. Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the US, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.
1927
20.0K+
LTM Revenue $11.3B
LTM EBITDA $2.7B
$37.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Hershey has a last 12-month revenue (LTM) of $11.3B and a last 12-month EBITDA of $2.7B.
In the most recent fiscal year, Hershey achieved revenue of $11.2B and an EBITDA of $3.1B.
Hershey expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Hershey valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $11.3B | XXX | $11.2B | XXX | XXX | XXX |
| Gross Profit | $4.6B | XXX | $5.3B | XXX | XXX | XXX |
| Gross Margin | 40% | XXX | 47% | XXX | XXX | XXX |
| EBITDA | $2.7B | XXX | $3.1B | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 28% | XXX | XXX | XXX |
| EBIT | $2.3B | XXX | $2.9B | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 26% | XXX | XXX | XXX |
| Net Profit | $1.6B | XXX | $2.2B | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 20% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $4.3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Hershey's stock price is $161.
Hershey has current market cap of $32.6B, and EV of $37.3B.
See Hershey trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $37.3B | $32.6B | XXX | XXX | XXX | XXX | $7.98 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of May 30, 2025, Hershey has market cap of $32.6B and EV of $37.3B.
Hershey's trades at 3.3x EV/Revenue multiple, and 12.0x EV/EBITDA.
Equity research analysts estimate Hershey's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hershey has a P/E ratio of 20.1x.
See valuation multiples for Hershey and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $32.6B | XXX | $32.6B | XXX | XXX | XXX |
| EV (current) | $37.3B | XXX | $37.3B | XXX | XXX | XXX |
| EV/Revenue | 3.3x | XXX | 3.3x | XXX | XXX | XXX |
| EV/EBITDA | 13.9x | XXX | 12.0x | XXX | XXX | XXX |
| EV/EBIT | 16.4x | XXX | 12.8x | XXX | XXX | XXX |
| EV/Gross Profit | 8.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 20.1x | XXX | 14.7x | XXX | XXX | XXX |
| EV/FCF | 23.4x | XXX | 19.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialHershey's last 12 month revenue growth is 2%
Hershey's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.1M for the same period.
Hershey's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hershey's rule of X is 30% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Hershey and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Growth | -15% | XXX | -10% | XXX | XXX | XXX |
| Rule of 40 | 27% | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Agthia Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Acomo | XXX | XXX | XXX | XXX | XXX | XXX |
| ForFarmers | XXX | XXX | XXX | XXX | XXX | XXX |
| JDE Peets | XXX | XXX | XXX | XXX | XXX | XXX |
| Sligro Food Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Hershey acquired XXX companies to date.
Last acquisition by Hershey was XXXXXXXX, XXXXX XXXXX XXXXXX . Hershey acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Hershey founded? | Hershey was founded in 1927. |
| Where is Hershey headquartered? | Hershey is headquartered in United States of America. |
| How many employees does Hershey have? | As of today, Hershey has 20.0K+ employees. |
| Who is the CEO of Hershey? | Hershey's CEO is Ms. Michele G. Buck. |
| Is Hershey publicy listed? | Yes, Hershey is a public company listed on NYS. |
| What is the stock symbol of Hershey? | Hershey trades under HSY ticker. |
| When did Hershey go public? | Hershey went public in 1947. |
| Who are competitors of Hershey? | Similar companies to Hershey include e.g. Agthia Group, Acomo, ForFarmers, JDE Peets. |
| What is the current market cap of Hershey? | Hershey's current market cap is $32.6B |
| What is the current revenue of Hershey? | Hershey's last 12 months revenue is $11.3B. |
| What is the current revenue growth of Hershey? | Hershey revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Hershey? | Current revenue multiple of Hershey is 3.3x. |
| Is Hershey profitable? | Yes, Hershey is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hershey? | Hershey's last 12 months EBITDA is $2.7B. |
| What is Hershey's EBITDA margin? | Hershey's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Hershey? | Current EBITDA multiple of Hershey is 13.9x. |
| What is the current FCF of Hershey? | Hershey's last 12 months FCF is $1.6B. |
| What is Hershey's FCF margin? | Hershey's last 12 months FCF margin is 14%. |
| What is the current EV/FCF multiple of Hershey? | Current FCF multiple of Hershey is 23.4x. |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
