Hershey Co (HSY) — Cash Flow Quality Index
Hershey Co (HSY) has a Cash Flow Quality Index of 1.08x as of March 2026. Operating cash flow of $468.81 Million exceeds net income of $435.11 Million, indicating high earnings quality where cash backs reported profits. Explore Hershey Co operating cash flow efficiency to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Hershey Co Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for Hershey Co across 37 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check HSY capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Hershey Co (1989–2025)
Year-by-year earnings quality comparison for Hershey Co. For live market cap and the full company financial profile, see HSY stock market capitalisation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.58x | $2.28 Billion | $883.26 Million | ▲ +126.2% |
| 2024 | 1.14x | $2.53 Billion | $2.22 Billion | ▼ -8.7% |
| 2023 | 1.25x | $2.32 Billion | $1.86 Billion | ▼ -11.8% |
| 2022 | 1.42x | $2.33 Billion | $1.64 Billion | ▲ +0.8% |
| 2021 | 1.40x | $2.08 Billion | $1.48 Billion | ▲ +5.4% |
| 2020 | 1.33x | $1.70 Billion | $1.28 Billion | ▼ -13.4% |
| 2019 | 1.54x | $1.76 Billion | $1.15 Billion | ▲ +12.6% |
| 2018 | 1.37x | $1.60 Billion | $1.17 Billion | ▼ -17.3% |
| 2017 | 1.65x | $1.25 Billion | $756.54 Million | ▲ +20.9% |
| 2016 | 1.37x | $983.48 Million | $720.04 Million | ▼ -42.3% |
| 2015 | 2.37x | $1.21 Billion | $512.95 Million | ▲ +139.2% |
| 2014 | 0.99x | $838.22 Million | $846.91 Million | ▼ -31.7% |
| 2013 | 1.45x | $1.19 Billion | $820.47 Million | ▼ -12.6% |
| 2012 | 1.66x | $1.09 Billion | $660.93 Million | ▲ +79.4% |
| 2011 | 0.92x | $580.87 Million | $628.96 Million | ▼ -47.8% |
| 2010 | 1.77x | $901.42 Million | $509.80 Million | ▼ -27.7% |
| 2009 | 2.44x | $1.07 Billion | $435.99 Million | ▲ +46.5% |
| 2008 | 1.67x | $519.56 Million | $311.40 Million | ▼ -54.1% |
| 2007 | 3.64x | $778.84 Million | $214.15 Million | ▲ +181.1% |
| 2006 | 1.29x | $723.19 Million | $559.06 Million | ▲ +38.2% |
| 2005 | 0.94x | $461.76 Million | $493.24 Million | ▼ -30.6% |
| 2004 | 1.35x | $797.45 Million | $590.88 Million | ▲ +4.2% |
| 2003 | 1.30x | $592.94 Million | $457.58 Million | ▼ -16.4% |
| 2002 | 1.55x | $625.34 Million | $403.58 Million | ▼ -54.6% |
| 2001 | 3.41x | $706.40 Million | $207.16 Million | ▲ +176.8% |
| 2000 | 1.23x | $412.21 Million | $334.54 Million | ▲ +73.1% |
| 1999 | 0.71x | $327.70 Million | $460.30 Million | ▼ -37.7% |
| 1998 | 1.14x | $389.70 Million | $340.90 Million | ▼ -19.4% |
| 1997 | 1.42x | $476.90 Million | $336.30 Million | ▼ -16.5% |
| 1996 | 1.70x | $463.70 Million | $273.20 Million | ▼ -3.3% |
| 1995 | 1.76x | $494.90 Million | $281.90 Million | ▼ -4.1% |
| 1994 | 1.83x | $337.30 Million | $184.20 Million | ▲ +43.6% |
| 1993 | 1.27x | $378.90 Million | $297.20 Million | ▲ +4.4% |
| 1992 | 1.22x | $296.20 Million | $242.60 Million | ▼ -22.8% |
| 1991 | 1.58x | $347.30 Million | $219.50 Million | ▲ +61.3% |
| 1990 | 0.98x | $211.80 Million | $215.90 Million | ▼ -36.8% |
| 1989 | 1.55x | $265.60 Million | $171.10 Million | — |