Hershey Co (HSY) — Capital Reinvestment Ratio
Latest as of March 2026:
0.24x
Hershey Co (HSY) has a Capital Reinvestment Ratio of 0.24x as of March 2026, meaning it reinvests 0% of its operating cash flow ($468.81 Million) in capital expenditures ($114.60 Million). See HSY equity to assets ratio to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
0.24x
Capex / Operating Cash Flow
Operating Cash Flow
$468.81 Million
USD
Capital Expenditures
$114.60 Million
USD
Data as of
Mar 2026
Most recent filing
Hershey Co Capital Reinvestment Ratio (1989–2025)
This chart tracks Hershey Co's Capital Reinvestment Ratio across 37 annual periods. Check Hershey Co (HSY) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Hershey Co (1989–2025)
Year-by-year Capital Reinvestment Ratio for Hershey Co from 1989 to 2025. For live market cap and broader valuation context, see market cap of Hershey Co.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.23x | $2.28 Billion | $528.22 Million | ▼ -3.1% |
| 2024 | 0.24x | $2.53 Billion | $605.94 Million | ▼ -27.9% |
| 2023 | 0.33x | $2.32 Billion | $771.11 Million | ▲ +48.7% |
| 2022 | 0.22x | $2.33 Billion | $519.48 Million | ▼ -6.3% |
| 2021 | 0.24x | $2.08 Billion | $495.88 Million | ▼ -8.4% |
| 2020 | 0.26x | $1.70 Billion | $441.63 Million | ▲ +44.0% |
| 2019 | 0.18x | $1.76 Billion | $318.19 Million | ▼ -12.2% |
| 2018 | 0.21x | $1.60 Billion | $328.60 Million | ▼ -0.4% |
| 2017 | 0.21x | $1.25 Billion | $257.68 Million | ▼ -24.7% |
| 2016 | 0.27x | $983.48 Million | $269.48 Million | ▼ -6.7% |
| 2015 | 0.29x | $1.21 Billion | $356.81 Million | ▼ -33.6% |
| 2014 | 0.44x | $838.22 Million | $370.79 Million | ▲ +49.8% |
| 2013 | 0.30x | $1.19 Billion | $350.91 Million | ▲ +16.3% |
| 2012 | 0.25x | $1.09 Billion | $277.97 Million | ▼ -57.6% |
| 2011 | 0.60x | $580.87 Million | $347.57 Million | ▲ +167.7% |
| 2010 | 0.22x | $901.42 Million | $201.49 Million | ▲ +63.8% |
| 2009 | 0.14x | $1.07 Billion | $145.47 Million | ▼ -74.9% |
| 2008 | 0.54x | $519.56 Million | $282.98 Million | ▲ +108.0% |
| 2007 | 0.26x | $778.84 Million | $203.89 Million | ▼ -4.6% |
| 2006 | 0.27x | $723.19 Million | $198.51 Million | ▼ -34.8% |
| 2005 | 0.42x | $461.76 Million | $194.31 Million | ▲ +71.3% |
| 2004 | 0.25x | $797.45 Million | $195.89 Million | ▼ -33.4% |
| 2003 | 0.37x | $592.94 Million | $218.65 Million | ▲ +73.7% |
| 2002 | 0.21x | $625.34 Million | $132.74 Million | ▼ -6.3% |
| 2001 | 0.23x | $706.40 Million | $160.10 Million | ▼ -32.5% |
| 2000 | 0.34x | $412.21 Million | $138.33 Million | ▼ -4.7% |
| 1999 | 0.35x | $327.70 Million | $115.40 Million | ▼ -14.9% |
| 1998 | 0.41x | $389.70 Million | $161.30 Million | ▲ +14.2% |
| 1997 | 0.36x | $476.90 Million | $172.90 Million | ▼ -71.8% |
| 1996 | 1.29x | $463.70 Million | $596.60 Million | ▲ +315.9% |
| 1995 | 0.31x | $494.90 Million | $153.10 Million | ▼ -24.8% |
| 1994 | 0.41x | $337.30 Million | $138.70 Million | ▼ -58.6% |
| 1993 | 0.99x | $378.90 Million | $376.40 Million | ▲ +17.8% |
| 1992 | 0.84x | $296.20 Million | $249.80 Million | ▲ +29.5% |
| 1991 | 0.65x | $347.30 Million | $226.10 Million | ▼ -23.1% |
| 1990 | 0.85x | $211.80 Million | $179.40 Million | ▲ +38.9% |
| 1989 | 0.61x | $265.60 Million | $162.00 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow