Flagship explainer

How HERSHEY CO makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$11.7B · 100%Cost of revenue$7.8B · 66%Gross profit$3.9B · 34%Operating income$1.4B · 12%Income before tax$1.2B · 10%Income tax$331M · 3%Net income$883M · 8%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$11.7B100%
Cost of revenue$7.8B66%
$3.9B34%
$1.4B12%
Income before tax$1.2B10%
Income tax$331M3%
$883M8%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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