HSYNEUTRAL

HSY Gross Margin Analysis

45.3%

Updated 81h ago·SEC filings & market data

Key Takeaway

Gross margin is the percentage of revenue left after covering direct production costs, so at 45.3%, HSY keeps $0.453 of each sales dollar.

Sector Performance

47th percentile

HSY

45.3%

Sector Median

46.6%

Sector Avg

47.6%

Prior Period

39.4%(Jul 2026)

↑ Improving

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Deep Analysis

Gross margin is the percentage of revenue left after covering direct production costs, so at 45.3%, HSY keeps $0.453 of each sales dollar.

That level is just under the sector median of 46.4%, placing the company at the 48th percentile among sector peers. The year-over-year change is not available, the quarter-over-quarter change is +15.0%, and the trend for the last eight quarters is also not available. A near-median margin combined with a large quarterly gain points to recent improvement in pricing or input costs, but without a longer history, it is unclear if this will persist. The risk is therefore moderate: no obvious margin weakness, but also no clear advantage over peers. This metric aligns with the overall NEUTRAL verdict, as it neither strengthens nor weakens the case for a more bullish or bearish stance.

Frequently Asked Questions

What does the Gross Margin tell investors about HSY?

Gross margin reveals pricing power and cost structure. Software companies often sustain 70–80%; manufacturers typically 30–50%. Expansion is a bullish signal.

How is the Gross Margin calculated?

Gross Margin is calculated as: Gross Profit / Revenue.

Who are HSY's closest peers by Gross Margin?

The closest peers by Gross Margin include: LVS (46.9%), ORLY (51.4%), MPWR (55.2%), NEM (56.0%), REI (56.0%).

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Learn More About Gross Margin

Gross Margin vs Net Margin: Why the Gap Between Them Tells You Everything

Gross margin vs net margin: learn what the spread between them reveals about operating leverage, cost structure, and early warning signs in any stock.

The Formula

Gross Profit / Revenue

Why It Matters

Gross margin reveals pricing power and cost structure. Software companies often sustain 70–80%; manufacturers typically 30–50%. Expansion is a bullish signal.