Hershey Co (HSY) — Cash Flow Quality Index
Latest as of March 2026:
1.08x
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 cash flow to debt ratio of Hershey Co to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.08x
Operating CF / Net Income
Operating Cash Flow
$468.81 Million
USD
Net Income
$435.11 Million
USD
Data as of
Mar 2026
Most recent filing
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. For the full cash flow conversion analysis, see cash flow conversion of Hershey Co.
Annual Cash Flow Quality Index for Hershey Co (1989–2025)
Year-by-year earnings quality comparison for Hershey Co.
| 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 | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.