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

Hershey Company (The) is the larger business by last-quarter revenue ($3.1B vs $2.3B, roughly 1.4× Zoetis). Zoetis runs the higher net margin — 26.6% vs 14.0%, 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 2.9%). Over the past eight quarters, Hershey Company (The)'s revenue compounded faster (22.3% CAGR vs -2.1%).

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...

Zoetis Inc. (/zō-EH-tis/) is an American drug company, the world's largest producer of medicine and vaccinations for pets and livestock. The company was a subsidiary of Pfizer, the world's largest drug maker, but with Pfizer's spinoff of its 83% interest in the firm it is now a completely independent company. The company directly markets its products in approximately 45 countries, and sells them in more than 100 countries. Operations outside the United States accounted for 50% of the total re...

HSY vs ZTS — Head-to-Head

Bigger by revenue
HSY
HSY
1.4× larger
HSY
$3.1B
$2.3B
ZTS
Growing faster (revenue YoY)
HSY
HSY
+7.7% gap
HSY
10.6%
2.9%
ZTS
Higher net margin
ZTS
ZTS
12.6% more per $
ZTS
26.6%
14.0%
HSY
Faster 2-yr revenue CAGR
HSY
HSY
Annualised
HSY
22.3%
-2.1%
ZTS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
HSY
HSY
ZTS
ZTS
Revenue
$3.1B
$2.3B
Net Profit
$435.1M
$601.0M
Gross Margin
39.4%
71.7%
Operating Margin
20.6%
Net Margin
14.0%
26.6%
Revenue YoY
10.6%
2.9%
Net Profit YoY
-0.2%
EPS (diluted)
$1.42

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
ZTS
ZTS
Q1 26
$3.1B
$2.3B
Q4 25
$3.1B
$2.4B
Q3 25
$3.2B
$2.4B
Q2 25
$2.6B
$2.5B
Q1 25
$2.8B
$2.2B
Q4 24
$2.9B
$2.3B
Q3 24
$3.0B
$2.4B
Q2 24
$2.1B
$2.4B
Net Profit
HSY
HSY
ZTS
ZTS
Q1 26
$435.1M
$601.0M
Q4 25
$320.0M
$603.0M
Q3 25
$276.3M
$721.0M
Q2 25
$62.7M
$718.0M
Q1 25
$224.2M
$631.0M
Q4 24
$796.6M
$581.0M
Q3 24
$446.3M
$682.0M
Q2 24
$180.9M
$624.0M
Gross Margin
HSY
HSY
ZTS
ZTS
Q1 26
39.4%
71.7%
Q4 25
37.0%
70.2%
Q3 25
32.6%
71.5%
Q2 25
30.5%
73.6%
Q1 25
33.7%
72.0%
Q4 24
54.0%
69.5%
Q3 24
41.3%
70.6%
Q2 24
40.2%
71.7%
Operating Margin
HSY
HSY
ZTS
ZTS
Q1 26
20.6%
Q4 25
14.4%
31.9%
Q3 25
13.7%
37.0%
Q2 25
7.4%
36.7%
Q1 25
13.2%
36.5%
Q4 24
32.5%
31.6%
Q3 24
20.5%
36.6%
Q2 24
13.9%
33.0%
Net Margin
HSY
HSY
ZTS
ZTS
Q1 26
14.0%
26.6%
Q4 25
10.4%
25.3%
Q3 25
8.7%
30.0%
Q2 25
2.4%
29.2%
Q1 25
8.0%
28.4%
Q4 24
27.6%
25.1%
Q3 24
14.9%
28.6%
Q2 24
8.7%
26.4%
EPS (diluted)
HSY
HSY
ZTS
ZTS
Q1 26
$1.42
Q4 25
$1.37
Q3 25
$1.63
Q2 25
$1.61
Q1 25
$1.41
Q4 24
$1.29
Q3 24
$1.50
Q2 24
$1.37

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSY
HSY
ZTS
ZTS
Q1 26
$877.0M
Q4 25
Q3 25
$2.1B
Q2 25
$1.4B
Q1 25
$1.7B
Q4 24
$2.0B
Q3 24
$1.7B
Q2 24
$1.6B
Total Debt
HSY
HSY
ZTS
ZTS
Q1 26
$4.9B
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
HSY
HSY
ZTS
ZTS
Q1 26
$4.7B
Q4 25
$4.6B
$3.3B
Q3 25
$4.6B
$5.4B
Q2 25
$4.5B
$5.0B
Q1 25
$4.7B
$4.7B
Q4 24
$4.7B
$4.8B
Q3 24
$4.2B
$5.2B
Q2 24
$4.0B
$5.0B
Total Assets
HSY
HSY
ZTS
ZTS
Q1 26
$13.8B
Q4 25
$13.7B
$15.5B
Q3 25
$13.6B
$15.2B
Q2 25
$13.6B
$14.5B
Q1 25
$14.0B
$14.1B
Q4 24
$12.9B
$14.2B
Q3 24
$12.6B
$14.4B
Q2 24
$12.4B
$14.2B
Debt / Equity
HSY
HSY
ZTS
ZTS
Q1 26
1.03×
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×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HSY
HSY

Segment breakdown not available.

ZTS
ZTS

Companion Animal$1.5B67%
Livestock$720.0M32%
Contract Manufacturing & Human Health$23.0M1%

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