Hershey Co (HSY) — Free Cash Flow Generation Index
Hershey Co (HSY) has a Free Cash Flow Generation Index of 0.76x as of March 2026. Free cash flow of $354.21 Million represents 1% of operating cash flow ($468.81 Million). Explore Hershey Co capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Hershey Co Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Hershey Co across 37 annual periods. For the full cash flow conversion analysis, see HSY cash flow conversion.
Annual Free Cash Flow Generation for Hershey Co (1989–2025)
Year-by-year Free Cash Flow Generation Index for Hershey Co. Check HSY cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.77x | $1.75 Billion | $2.28 Billion | $528.22 Million | ▲ +1.0% |
| 2024 | 0.76x | $1.93 Billion | $2.53 Billion | $605.94 Million | ▲ +13.9% |
| 2023 | 0.67x | $1.55 Billion | $2.32 Billion | $771.11 Million | ▼ -14.0% |
| 2022 | 0.78x | $1.81 Billion | $2.33 Billion | $519.48 Million | ▲ +2.0% |
| 2021 | 0.76x | $1.59 Billion | $2.08 Billion | $495.88 Million | ▲ +2.9% |
| 2020 | 0.74x | $1.26 Billion | $1.70 Billion | $441.63 Million | ▼ -9.7% |
| 2019 | 0.82x | $1.45 Billion | $1.76 Billion | $318.19 Million | ▲ +3.1% |
| 2018 | 0.79x | $1.27 Billion | $1.60 Billion | $328.60 Million | ▲ +0.1% |
| 2017 | 0.79x | $991.84 Million | $1.25 Billion | $257.68 Million | ▲ +9.3% |
| 2016 | 0.73x | $714.00 Million | $983.48 Million | $269.48 Million | ▲ +2.8% |
| 2015 | 0.71x | $857.65 Million | $1.21 Billion | $356.81 Million | ▲ +26.6% |
| 2014 | 0.56x | $467.43 Million | $838.22 Million | $370.79 Million | ▼ -20.9% |
| 2013 | 0.70x | $837.49 Million | $1.19 Billion | $350.91 Million | ▼ -5.5% |
| 2012 | 0.75x | $816.86 Million | $1.09 Billion | $277.97 Million | ▲ +85.8% |
| 2011 | 0.40x | $233.30 Million | $580.87 Million | $347.57 Million | ▼ -48.3% |
| 2010 | 0.78x | $699.94 Million | $901.42 Million | $201.49 Million | ▼ -10.1% |
| 2009 | 0.86x | $920.28 Million | $1.07 Billion | $145.47 Million | ▲ +89.6% |
| 2008 | 0.46x | $236.58 Million | $519.56 Million | $282.98 Million | ▼ -38.3% |
| 2007 | 0.74x | $574.94 Million | $778.84 Million | $203.89 Million | ▲ +1.8% |
| 2006 | 0.73x | $524.68 Million | $723.19 Million | $198.51 Million | ▲ +25.3% |
| 2005 | 0.58x | $267.46 Million | $461.76 Million | $194.31 Million | ▼ -23.2% |
| 2004 | 0.75x | $601.56 Million | $797.45 Million | $195.89 Million | ▲ +19.5% |
| 2003 | 0.63x | $374.29 Million | $592.94 Million | $218.65 Million | ▼ -19.9% |
| 2002 | 0.79x | $492.61 Million | $625.34 Million | $132.74 Million | ▲ +1.9% |
| 2001 | 0.77x | $546.30 Million | $706.40 Million | $160.10 Million | ▲ +16.4% |
| 2000 | 0.66x | $273.88 Million | $412.21 Million | $138.33 Million | ▲ +2.6% |
| 1999 | 0.65x | $212.30 Million | $327.70 Million | $115.40 Million | ▲ +10.5% |
| 1998 | 0.59x | $228.40 Million | $389.70 Million | $161.30 Million | ▼ -8.1% |
| 1997 | 0.64x | $304.00 Million | $476.90 Million | $172.90 Million | ▲ +322.4% |
| 1996 | -0.29x | $-132.90 Million | $463.70 Million | $596.60 Million | ▼ -141.5% |
| 1995 | 0.69x | $341.80 Million | $494.90 Million | $153.10 Million | ▲ +17.3% |
| 1994 | 0.59x | $198.60 Million | $337.30 Million | $138.70 Million | ▲ +8823.8% |
| 1993 | 0.01x | $2.50 Million | $378.90 Million | $376.40 Million | ▼ -95.8% |
| 1992 | 0.16x | $46.40 Million | $296.20 Million | $249.80 Million | ▼ -55.1% |
| 1991 | 0.35x | $121.20 Million | $347.30 Million | $226.10 Million | ▲ +128.1% |
| 1990 | 0.15x | $32.40 Million | $211.80 Million | $179.40 Million | ▼ -60.8% |
| 1989 | 0.39x | $103.60 Million | $265.60 Million | $162.00 Million | — |