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Side-by-side financial comparison of Hershey Company (The) (HSY) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.

Stanley Black & Decker is the larger business by last-quarter revenue ($3.8B vs $3.1B, roughly 1.2× Hershey Company (The)). Hershey Company (The) runs the higher net margin — 14.0% vs 1.4%, a 12.6% gap on every dollar of revenue. On growth, Hershey Company (The) posted the faster year-over-year revenue change (10.6% vs 0.1%). Over the past eight quarters, Hershey Company (The)'s revenue compounded faster (22.3% CAGR vs 0.3%).

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...

Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.

HSY vs SWK — Head-to-Head

Bigger by revenue
SWK
SWK
1.2× larger
SWK
$3.8B
$3.1B
HSY
Growing faster (revenue YoY)
HSY
HSY
+10.5% gap
HSY
10.6%
0.1%
SWK
Higher net margin
HSY
HSY
12.6% more per $
HSY
14.0%
1.4%
SWK
Faster 2-yr revenue CAGR
HSY
HSY
Annualised
HSY
22.3%
0.3%
SWK

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
HSY
HSY
SWK
SWK
Revenue
$3.1B
$3.8B
Net Profit
$435.1M
$51.4M
Gross Margin
39.4%
31.4%
Operating Margin
20.6%
Net Margin
14.0%
1.4%
Revenue YoY
10.6%
0.1%
Net Profit YoY
-43.6%
EPS (diluted)
$0.34

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
HSY
HSY
SWK
SWK
Q1 26
$3.1B
Q4 25
$3.1B
Q3 25
$3.2B
$3.8B
Q2 25
$2.6B
$3.9B
Q1 25
$2.8B
$3.7B
Q4 24
$2.9B
$3.7B
Q3 24
$3.0B
$3.8B
Q2 24
$2.1B
$4.0B
Net Profit
HSY
HSY
SWK
SWK
Q1 26
$435.1M
Q4 25
$320.0M
Q3 25
$276.3M
$51.4M
Q2 25
$62.7M
$101.9M
Q1 25
$224.2M
$90.4M
Q4 24
$796.6M
$194.9M
Q3 24
$446.3M
$91.1M
Q2 24
$180.9M
$-11.2M
Gross Margin
HSY
HSY
SWK
SWK
Q1 26
39.4%
Q4 25
37.0%
Q3 25
32.6%
31.4%
Q2 25
30.5%
27.0%
Q1 25
33.7%
29.9%
Q4 24
54.0%
30.8%
Q3 24
41.3%
29.9%
Q2 24
40.2%
28.4%
Operating Margin
HSY
HSY
SWK
SWK
Q1 26
20.6%
Q4 25
14.4%
Q3 25
13.7%
Q2 25
7.4%
Q1 25
13.2%
Q4 24
32.5%
3.4%
Q3 24
20.5%
10.6%
Q2 24
13.9%
9.5%
Net Margin
HSY
HSY
SWK
SWK
Q1 26
14.0%
Q4 25
10.4%
Q3 25
8.7%
1.4%
Q2 25
2.4%
2.6%
Q1 25
8.0%
2.4%
Q4 24
27.6%
5.2%
Q3 24
14.9%
2.4%
Q2 24
8.7%
-0.3%
EPS (diluted)
HSY
HSY
SWK
SWK
Q1 26
Q4 25
Q3 25
$0.34
Q2 25
$0.67
Q1 25
$0.60
Q4 24
$1.29
Q3 24
$0.60
Q2 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
HSY
HSY
SWK
SWK
Cash + ST InvestmentsLiquidity on hand
$877.0M
$268.3M
Total DebtLower is stronger
$4.9B
$5.3B
Stockholders' EquityBook value
$4.7B
$9.0B
Total Assets
$13.8B
$21.8B
Debt / EquityLower = less leverage
1.03×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSY
HSY
SWK
SWK
Q1 26
$877.0M
Q4 25
Q3 25
$268.3M
Q2 25
$311.8M
Q1 25
$344.8M
Q4 24
$290.5M
Q3 24
$298.7M
Q2 24
$318.5M
Total Debt
HSY
HSY
SWK
SWK
Q1 26
$4.9B
Q4 25
$4.7B
Q3 25
$4.7B
$5.3B
Q2 25
$5.2B
$5.6B
Q1 25
$5.2B
$5.6B
Q4 24
$3.2B
$6.1B
Q3 24
$3.2B
$6.1B
Q2 24
$3.5B
$6.1B
Stockholders' Equity
HSY
HSY
SWK
SWK
Q1 26
$4.7B
Q4 25
$4.6B
Q3 25
$4.6B
$9.0B
Q2 25
$4.5B
$9.1B
Q1 25
$4.7B
$8.8B
Q4 24
$4.7B
$8.7B
Q3 24
$4.2B
$8.9B
Q2 24
$4.0B
$8.7B
Total Assets
HSY
HSY
SWK
SWK
Q1 26
$13.8B
Q4 25
$13.7B
Q3 25
$13.6B
$21.8B
Q2 25
$13.6B
$22.5B
Q1 25
$14.0B
$22.5B
Q4 24
$12.9B
$21.8B
Q3 24
$12.6B
$22.5B
Q2 24
$12.4B
$22.5B
Debt / Equity
HSY
HSY
SWK
SWK
Q1 26
1.03×
Q4 25
1.01×
Q3 25
1.02×
0.59×
Q2 25
1.15×
0.62×
Q1 25
1.11×
0.63×
Q4 24
0.68×
0.70×
Q3 24
0.76×
0.69×
Q2 24
0.87×
0.70×

Cash Flow & Capital Efficiency

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

Metric
HSY
HSY
SWK
SWK
Operating Cash FlowLast quarter
$221.2M
Free Cash FlowOCF − Capex
$155.3M
FCF MarginFCF / Revenue
4.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
4.30×
TTM Free Cash FlowTrailing 4 quarters
$369.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSY
HSY
SWK
SWK
Q1 26
Q4 25
$926.6M
Q3 25
$841.9M
$221.2M
Q2 25
$112.2M
$214.3M
Q1 25
$396.7M
$-420.0M
Q4 24
$941.6M
$679.1M
Q3 24
$695.3M
$285.8M
Q2 24
$325.6M
$573.0M
Free Cash Flow
HSY
HSY
SWK
SWK
Q1 26
Q4 25
$788.5M
Q3 25
$756.0M
$155.3M
Q2 25
$27.1M
$134.7M
Q1 25
$251.2M
$-485.0M
Q4 24
$807.1M
$564.6M
Q3 24
$567.3M
$199.3M
Q2 24
$195.5M
$485.8M
FCF Margin
HSY
HSY
SWK
SWK
Q1 26
Q4 25
25.5%
Q3 25
23.8%
4.1%
Q2 25
1.0%
3.4%
Q1 25
9.0%
-13.0%
Q4 24
28.0%
15.2%
Q3 24
19.0%
5.3%
Q2 24
9.4%
12.1%
Capex Intensity
HSY
HSY
SWK
SWK
Q1 26
Q4 25
4.5%
Q3 25
2.7%
1.8%
Q2 25
3.3%
2.0%
Q1 25
5.2%
1.7%
Q4 24
4.7%
3.1%
Q3 24
4.3%
2.3%
Q2 24
6.3%
2.2%
Cash Conversion
HSY
HSY
SWK
SWK
Q1 26
Q4 25
2.90×
Q3 25
3.05×
4.30×
Q2 25
1.79×
2.10×
Q1 25
1.77×
-4.65×
Q4 24
1.18×
3.48×
Q3 24
1.56×
3.14×
Q2 24
1.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HSY
HSY

Segment breakdown not available.

SWK
SWK

Tools And Outdoor Segment$3.3B87%
Engineered Fastening Segment$500.5M13%

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