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Side-by-side financial comparison of Digital Realty (DLR) and Hershey Company (The) (HSY). Click either name above to swap in a different company.

Hershey Company (The) is the larger business by last-quarter revenue ($3.1B vs $1.6B, roughly 1.9× Digital Realty). Hershey Company (The) runs the higher net margin — 10.4% vs 6.0%, a 4.3% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 7.0%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% CAGR vs -2.5%).

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.

The Hershey Company, often called just Hershey or Hershey's, is an American multinational confectionery company headquartered in Hershey, Pennsylvania, which is also home to Hersheypark and Hershey's Chocolate World. The Hershey Company is one of the largest chocolate manufacturers in the world; it also manufactures baked products, such as cookies and cakes, and sells beverages like milkshakes, as well as other products. The Hershey Company was founded by Milton S. Hershey in 1894 as the Hers...

DLR vs HSY — Head-to-Head

Bigger by revenue
HSY
HSY
1.9× larger
HSY
$3.1B
$1.6B
DLR
Growing faster (revenue YoY)
DLR
DLR
+9.1% gap
DLR
16.1%
7.0%
HSY
Higher net margin
HSY
HSY
4.3% more per $
HSY
10.4%
6.0%
DLR
Faster 2-yr revenue CAGR
DLR
DLR
Annualised
DLR
9.8%
-2.5%
HSY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DLR
DLR
HSY
HSY
Revenue
$1.6B
$3.1B
Net Profit
$98.6M
$320.0M
Gross Margin
37.0%
Operating Margin
6.9%
14.4%
Net Margin
6.0%
10.4%
Revenue YoY
16.1%
7.0%
Net Profit YoY
-10.3%
-59.8%
EPS (diluted)
$0.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DLR
DLR
HSY
HSY
Q1 26
$1.6B
Q4 25
$1.6B
$3.1B
Q3 25
$1.6B
$3.2B
Q2 25
$1.5B
$2.6B
Q1 25
$1.4B
$2.8B
Q4 24
$1.4B
$2.9B
Q3 24
$1.4B
$3.0B
Q2 24
$1.4B
$2.1B
Net Profit
DLR
DLR
HSY
HSY
Q1 26
$98.6M
Q4 25
$98.6M
$320.0M
Q3 25
$67.8M
$276.3M
Q2 25
$1.0B
$62.7M
Q1 25
$110.0M
$224.2M
Q4 24
$189.6M
$796.6M
Q3 24
$51.2M
$446.3M
Q2 24
$80.2M
$180.9M
Gross Margin
DLR
DLR
HSY
HSY
Q1 26
Q4 25
37.0%
Q3 25
32.6%
Q2 25
30.5%
Q1 25
33.7%
Q4 24
54.0%
Q3 24
41.3%
Q2 24
40.2%
Operating Margin
DLR
DLR
HSY
HSY
Q1 26
6.9%
Q4 25
6.9%
14.4%
Q3 25
8.8%
13.7%
Q2 25
14.2%
7.4%
Q1 25
13.9%
13.2%
Q4 24
10.1%
32.5%
Q3 24
11.8%
20.5%
Q2 24
0.7%
13.9%
Net Margin
DLR
DLR
HSY
HSY
Q1 26
6.0%
Q4 25
6.0%
10.4%
Q3 25
4.3%
8.7%
Q2 25
69.1%
2.4%
Q1 25
7.8%
8.0%
Q4 24
13.2%
27.6%
Q3 24
3.6%
14.9%
Q2 24
5.9%
8.7%
EPS (diluted)
DLR
DLR
HSY
HSY
Q1 26
$0.22
Q4 25
$0.22
Q3 25
$0.15
Q2 25
$2.94
Q1 25
$0.27
Q4 24
$0.50
Q3 24
$0.09
Q2 24
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DLR
DLR
HSY
HSY
Cash + ST InvestmentsLiquidity on hand
$3.5B
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$22.9B
$4.6B
Total Assets
$49.4B
$13.7B
Debt / EquityLower = less leverage
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLR
DLR
HSY
HSY
Q1 26
$3.5B
Q4 25
$3.5B
Q3 25
$3.3B
Q2 25
$3.6B
Q1 25
$2.3B
Q4 24
$3.9B
Q3 24
$2.2B
Q2 24
$2.3B
Total Debt
DLR
DLR
HSY
HSY
Q1 26
Q4 25
$4.7B
Q3 25
$4.7B
Q2 25
$5.2B
Q1 25
$5.2B
Q4 24
$3.2B
Q3 24
$3.2B
Q2 24
$3.5B
Stockholders' Equity
DLR
DLR
HSY
HSY
Q1 26
$22.9B
Q4 25
$22.9B
$4.6B
Q3 25
$23.0B
$4.6B
Q2 25
$22.9B
$4.5B
Q1 25
$21.3B
$4.7B
Q4 24
$21.3B
$4.7B
Q3 24
$21.2B
$4.2B
Q2 24
$20.5B
$4.0B
Total Assets
DLR
DLR
HSY
HSY
Q1 26
$49.4B
Q4 25
$49.4B
$13.7B
Q3 25
$48.7B
$13.6B
Q2 25
$48.7B
$13.6B
Q1 25
$45.1B
$14.0B
Q4 24
$45.3B
$12.9B
Q3 24
$45.3B
$12.6B
Q2 24
$43.6B
$12.4B
Debt / Equity
DLR
DLR
HSY
HSY
Q1 26
Q4 25
1.01×
Q3 25
1.02×
Q2 25
1.15×
Q1 25
1.11×
Q4 24
0.68×
Q3 24
0.76×
Q2 24
0.87×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DLR
DLR
HSY
HSY
Operating Cash FlowLast quarter
$926.6M
Free Cash FlowOCF − Capex
$788.5M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
2.90×
TTM Free Cash FlowTrailing 4 quarters
$1.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLR
DLR
HSY
HSY
Q1 26
Q4 25
$719.0M
$926.6M
Q3 25
$652.9M
$841.9M
Q2 25
$641.2M
$112.2M
Q1 25
$399.1M
$396.7M
Q4 24
$769.5M
$941.6M
Q3 24
$566.5M
$695.3M
Q2 24
$573.2M
$325.6M
Free Cash Flow
DLR
DLR
HSY
HSY
Q1 26
Q4 25
$788.5M
Q3 25
$756.0M
Q2 25
$27.1M
Q1 25
$251.2M
Q4 24
$807.1M
Q3 24
$567.3M
Q2 24
$195.5M
FCF Margin
DLR
DLR
HSY
HSY
Q1 26
Q4 25
25.5%
Q3 25
23.8%
Q2 25
1.0%
Q1 25
9.0%
Q4 24
28.0%
Q3 24
19.0%
Q2 24
9.4%
Capex Intensity
DLR
DLR
HSY
HSY
Q1 26
Q4 25
4.5%
Q3 25
2.7%
Q2 25
3.3%
Q1 25
5.2%
Q4 24
4.7%
Q3 24
4.3%
Q2 24
6.3%
Cash Conversion
DLR
DLR
HSY
HSY
Q1 26
Q4 25
7.29×
2.90×
Q3 25
9.63×
3.05×
Q2 25
0.62×
1.79×
Q1 25
3.63×
1.77×
Q4 24
4.06×
1.18×
Q3 24
11.07×
1.56×
Q2 24
7.15×
1.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DLR
DLR

Segment breakdown not available.

HSY
HSY

Other$1.8B59%
North America Salty Snacks Segment$1.3B41%

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