Hershey Co (HSY) — Tangible Net Worth Ratio
Hershey Co (HSY) has a Tangible Net Worth Ratio of 48.2% as of March 2026. This metric is calculated by deducting intangible assets ($2.45 Billion) from net assets ($4.73 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore HSY shareholders equity momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Hershey Co Tangible Net Worth Ratio (1985–2025)
This chart shows how Hershey Co's Tangible Net Worth Ratio has changed across 41 annual periods from 1985 to 2025. As of March 2026, the ratio stands at 48.2%, reflecting net assets of $4.73 Billion with intangible assets of $2.45 Billion USD. For live market cap and overall valuation, see Hershey Co market capitalisation.
Annual Tangible Net Worth Ratio for Hershey Co (1985–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Hershey Co from 1985 to 2025, covering 41 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore Hershey Co (HSY) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 46.6% | $4.64 Billion | $2.48 Billion | $13.74 Billion | ▼ -5.9 pp |
| 2024 | 52.5% | $4.71 Billion | $2.24 Billion | $12.95 Billion | ▲ +7.1 pp |
| 2023 | 45.4% | $4.10 Billion | $2.24 Billion | $11.90 Billion | ▲ +5.0 pp |
| 2022 | 40.4% | $3.30 Billion | $1.97 Billion | $10.95 Billion | ▲ +14.3 pp |
| 2021 | 26.1% | $2.76 Billion | $2.04 Billion | $10.41 Billion | ▼ -16.0 pp |
| 2020 | 42.1% | $2.24 Billion | $1.30 Billion | $9.13 Billion | ▲ +19.0 pp |
| 2019 | 23.1% | $1.74 Billion | $1.34 Billion | $8.14 Billion | ▲ +14.0 pp |
| 2018 | 9.2% | $1.41 Billion | $1.28 Billion | $7.70 Billion | ▼ -39.9 pp |
| 2017 | 49.1% | $931.57 Million | $474.04 Million | $5.55 Billion | ▲ +8.6 pp |
| 2016 | 40.5% | $827.69 Million | $492.74 Million | $5.52 Billion | ▼ -23.3 pp |
| 2015 | 63.8% | $1.05 Billion | $379.31 Million | $5.34 Billion | ▼ -16.9 pp |
| 2014 | 80.7% | $1.53 Billion | $294.84 Million | $5.63 Billion | ▼ -7.2 pp |
| 2013 | 87.9% | $1.62 Billion | $195.24 Million | $5.36 Billion | ▲ +8.4 pp |
| 2012 | 79.5% | $1.05 Billion | $214.71 Million | $4.75 Billion | ▼ -7.7 pp |
| 2011 | 87.2% | $872.65 Million | $111.91 Million | $4.41 Billion | ▲ +0.3 pp |
| 2010 | 86.9% | $937.60 Million | $123.08 Million | $4.27 Billion | ▲ +3.4 pp |
| 2009 | 83.5% | $760.34 Million | $125.52 Million | $3.68 Billion | ▲ +15.1 pp |
| 2008 | 68.3% | $349.94 Million | $110.77 Million | $3.63 Billion | ▼ -6.7 pp |
| 2007 | 75.0% | $623.52 Million | $155.86 Million | $4.25 Billion | ▼ -4.5 pp |
| 2006 | 79.5% | $683.42 Million | $140.31 Million | $4.16 Billion | ▼ -6.6 pp |
| 2005 | 86.0% | $1.02 Billion | $142.63 Million | $4.30 Billion | ▼ -2.5 pp |
| 2004 | 88.5% | $1.09 Billion | $125.23 Million | $3.80 Billion | ▲ +21.9 pp |
| 2003 | 66.6% | $1.28 Billion | $427.47 Million | $3.58 Billion | ▼ -2.9 pp |
| 2002 | 69.5% | $1.37 Billion | $418.35 Million | $3.48 Billion | ▲ +6.9 pp |
| 2001 | 62.6% | $1.15 Billion | $429.13 Million | $3.25 Billion | ▲ +3.0 pp |
| 2000 | 59.6% | $1.18 Billion | $474.45 Million | $3.45 Billion | ▲ +0.6 pp |
| 1999 | 59.0% | $1.10 Billion | $450.20 Million | $3.35 Billion | ▲ +9.9 pp |
| 1998 | 49.1% | $1.04 Billion | $530.50 Million | $3.40 Billion | ▲ +13.8 pp |
| 1997 | 35.3% | $852.80 Million | $551.80 Million | $3.29 Billion | ▼ -16.0 pp |
| 1996 | 51.2% | $1.16 Billion | $566.00 Million | $3.18 Billion | ▼ -9.2 pp |
| 1995 | 60.4% | $1.08 Billion | $428.70 Million | $2.83 Billion | ▼ -8.1 pp |
| 1994 | 68.5% | $1.44 Billion | $453.60 Million | $2.89 Billion | ▲ +2.0 pp |
| 1993 | 66.5% | $1.41 Billion | $473.40 Million | $2.86 Billion | ▼ -6.2 pp |
| 1992 | 72.7% | $1.47 Billion | $399.80 Million | $2.67 Billion | ▲ +4.3 pp |
| 1991 | 68.4% | $1.34 Billion | $421.70 Million | $2.34 Billion | ▲ +2.0 pp |
| 1990 | 66.4% | $1.24 Billion | $417.60 Million | $2.08 Billion | ▼ -0.2 pp |
| 1989 | 66.6% | $1.12 Billion | $373.40 Million | $1.81 Billion | ▲ +3.5 pp |
| 1988 | 63.1% | $1.01 Billion | $371.30 Million | $1.76 Billion | ▼ -5.5 pp |
| 1987 | 68.6% | $832.40 Million | $261.60 Million | $1.65 Billion | ▼ -11.0 pp |
| 1986 | 79.5% | $727.90 Million | $149.00 Million | $1.36 Billion | ▼ -11.4 pp |
| 1985 | 90.9% | $727.90 Million | $66.20 Million | $1.20 Billion | — |