Hershey Co (HSY) — Cash Flow Reinvestment Rate
Latest as of March 2026:
0.24x
Hershey Co (HSY) has a Cash Flow Reinvestment Rate of 0.24x as of March 2026, reinvesting $114.60 Million (capex $114.60 Million ) from operating cash flow of $468.81 Million. See Hershey Co (HSY) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
0.24x
(Capex + Investments) / Operating CF
Total Reinvested
$114.60 Million
Capex + Investments
Operating Cash Flow
$468.81 Million
USD
Capital Expenditures
$114.60 Million
USD
Hershey Co Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Hershey Co across 37 annual periods. For the full cash flow conversion analysis, see Hershey Co cash flow conversion.
Annual Cash Flow Reinvestment Rate for Hershey Co (1989–2025)
Year-by-year capital reinvestment analysis for Hershey Co. See Hershey Co (HSY) financial flexibility to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.23x | $528.22 Million | $2.28 Billion | $528.22 Million | ▼ -62.5% |
| 2024 | 0.62x | $1.57 Billion | $2.53 Billion | $605.94 Million | ▼ -19.4% |
| 2023 | 0.77x | $1.78 Billion | $2.32 Billion | $771.11 Million | ▲ +124.9% |
| 2022 | 0.34x | $795.01 Million | $2.33 Billion | $519.48 Million | ▲ +13.9% |
| 2021 | 0.30x | $624.29 Million | $2.08 Billion | $495.88 Million | ▼ -3.7% |
| 2020 | 0.31x | $528.84 Million | $1.70 Billion | $441.63 Million | ▲ +37.7% |
| 2019 | 0.23x | $398.42 Million | $1.76 Billion | $318.19 Million | ▼ -5.2% |
| 2018 | 0.24x | $381.24 Million | $1.60 Billion | $328.60 Million | ▼ -11.5% |
| 2017 | 0.27x | $336.27 Million | $1.25 Billion | $257.68 Million | ▼ -15.6% |
| 2016 | 0.32x | $313.73 Million | $983.48 Million | $269.48 Million | ▼ -8.1% |
| 2015 | 0.35x | $421.41 Million | $1.21 Billion | $356.81 Million | ▼ -37.8% |
| 2014 | 0.56x | $467.92 Million | $838.22 Million | $370.79 Million | ▲ +80.8% |
| 2013 | 0.31x | $366.91 Million | $1.19 Billion | $350.91 Million | ▲ +12.3% |
| 2012 | 0.27x | $300.97 Million | $1.09 Billion | $277.97 Million | ▼ -54.1% |
| 2011 | 0.60x | $347.57 Million | $580.87 Million | $347.57 Million | ▲ +167.7% |
| 2010 | 0.22x | $201.49 Million | $901.42 Million | $201.49 Million | ▲ +63.8% |
| 2009 | 0.14x | $145.47 Million | $1.07 Billion | $145.47 Million | ▼ -74.9% |
| 2008 | 0.54x | $282.98 Million | $519.56 Million | $282.98 Million | ▲ +108.0% |
| 2007 | 0.26x | $203.89 Million | $778.84 Million | $203.89 Million | ▼ -4.6% |
| 2006 | 0.27x | $198.51 Million | $723.19 Million | $198.51 Million | ▼ -34.8% |
| 2005 | 0.42x | $194.31 Million | $461.76 Million | $194.31 Million | ▲ +71.3% |
| 2004 | 0.25x | $195.89 Million | $797.45 Million | $195.89 Million | ▼ -33.4% |
| 2003 | 0.37x | $218.65 Million | $592.94 Million | $218.65 Million | ▲ +73.7% |
| 2002 | 0.21x | $132.74 Million | $625.34 Million | $132.74 Million | ▼ -6.3% |
| 2001 | 0.23x | $160.10 Million | $706.40 Million | $160.10 Million | ▼ -32.5% |
| 2000 | 0.34x | $138.33 Million | $412.21 Million | $138.33 Million | ▼ -4.7% |
| 1999 | 0.35x | $115.40 Million | $327.70 Million | $115.40 Million | ▼ -14.9% |
| 1998 | 0.41x | $161.30 Million | $389.70 Million | $161.30 Million | ▲ +14.2% |
| 1997 | 0.36x | $172.90 Million | $476.90 Million | $172.90 Million | ▼ -71.8% |
| 1996 | 1.29x | $596.60 Million | $463.70 Million | $596.60 Million | ▲ +315.9% |
| 1995 | 0.31x | $153.10 Million | $494.90 Million | $153.10 Million | ▼ -24.8% |
| 1994 | 0.41x | $138.70 Million | $337.30 Million | $138.70 Million | ▼ -58.6% |
| 1993 | 0.99x | $376.40 Million | $378.90 Million | $376.40 Million | ▲ +17.8% |
| 1992 | 0.84x | $249.80 Million | $296.20 Million | $249.80 Million | ▲ +29.5% |
| 1991 | 0.65x | $226.10 Million | $347.30 Million | $226.10 Million | ▼ -23.1% |
| 1990 | 0.85x | $179.40 Million | $211.80 Million | $179.40 Million | ▲ +38.9% |
| 1989 | 0.61x | $162.00 Million | $265.60 Million | $162.00 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow