HSY Hershey Co
NYSE, CIK 0000047111, fiscal year ends 12/31. Last price 169.64 on 2026-10-23, market value 34.4 billion dollars.
Machine-readable: HSY.json, HSY.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.
| Philosophy | Score | Status | Current inputs as of | History used | Price | Verification | Rules |
|---|---|---|---|---|---|---|---|
| Graham Defensive | 38 partial, missing 5, 6 |
partial: 5, 6 | 2025-12-31 stale: Revenue, Shares outstanding |
2016–2025 | 2026-10-23 | 0 verified, 16 unverified | method |
| Magic Formula | 71 | ok | 2025-12-31 stale: operating_income_q, shares_out |
— | 2026-10-23 | — | method |
| Momentum | 42 | ok | 2026-10-23 | — | 2026-10-23 | — | method |
| Insider | 0 | no open-market transactions in window | 2026-10-23 | — | — | — | method |
| Buffett Quality | 92 | ok | 2025-12-31 stale: Shares outstanding |
2016–2025 | 2026-10-23 | 0 verified, 48 unverified | method |
| Lynch GARP | 7 partial, missing 1, 2, 3, 5 |
partial: 1, 2, 3, 5 | 2026-06-28 | — | 2026-10-23 | 0 verified, 4 unverified | method |
| Graham Enterprising | 30 partial, missing 5 |
partial: 5 | 2025-12-31 stale: Shares outstanding |
2021–2025 | 2026-10-23 | 0 verified, 10 unverified | method |
| Piotroski F-Score | 56 | ok | — | 2024–2025 | — | 0 verified, 27 unverified | method |
Market value, source trail
| Input | Value | Unit | Period / date | Source |
|---|---|---|---|---|
| Traded price | 169.64 | USD per traded unit (share or ADS) | 2026-10-23 | Yahoo Finance |
| SEC shares outstanding | 202,839,656 | underlying shares | 2025-12-31 | SEC XBRL CommonStockSharesOutstanding 0001628280-26-008586 |
| Depositary ratio | 1.0 | underlying shares per traded unit | domestic 10-K filer; SEC shares are the traded units | |
| Market value price date × latest reported shares | 34,409,719,244 | USD | 2026-10-23 shares at 2025-12-31 | 169.64 (price 2026-10-23) / 1 x 202,839,656 (shares at 2025-12-31) = 34,409,719,244 share count is 296 days older than the price; buybacks or issuance since 2025-12-31 are not reflected |
Graham Defensive
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 Adequate size | 11.69 revenue $B | >= 1 | 5.0 / 5 |
| 2a Current ratio | 1.18 | >= 2.0 | 2.7 / 15 |
| 2b Long-term debt vs working capital | 7.76 LTD / WC | <= 1.0 | 0.0 / 15 |
| 3 Positive earnings each of 10 years | 10 of 10 | 10 of 10 | 15.0 / 15 |
| 4 Dividends every year for 20 years | 20 of 20 XBRL check: 0 years agree, 20 unverified | 20 of 20 | 15.0 / 15 |
| 5 EPS growth, 3-yr avg now vs 10 yrs ago | — missing 2023, 2024, 2025, 2014, 2015, 2016 | >= +33% | None / 10 |
| 6 P/E on 3-year average EPS needs the last three fiscal years of EPS | — | <= 15 | None / 15 |
| 7 P/B <= 1.5, or P/E x P/B <= 22.5 | P/B 7.54 | <= 1.5 or <= 22.5 | 0.0 / 10 |
Inputs, 18 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Price (close, per traded unit) | 169.64 | 2026-10-23 | Alpaca Market Data (consolidated SIP daily bar) | not cross-checked |
| Revenue | 11692576000.0 | 2025-12-31 stale | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-008586 | unverified |
| current_assets | 3956241000.0 | 2026-06-28 | SEC XBRL AssetsCurrent 0001628280-26-050900 | unverified |
| current_liabilities | 3352471000.0 | 2026-06-28 | SEC XBRL LiabilitiesCurrent 0001628280-26-050900 | unverified |
| lt_debt | 4684968000.0 | 2026-06-28 | SEC XBRL LongTermDebtNoncurrent 0001628280-26-050900 | unverified |
| equity | 4562690000.0 | 2026-06-28 | SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001628280-26-050900 | unverified |
| Net income FY2016 | 720044000.0 | 2016-12-31 history | SEC XBRL NetIncomeLoss 0000047111-19-000010 | unverified |
| Net income FY2017 | 782981000.0 | 2017-12-31 history | SEC XBRL NetIncomeLoss 0000047111-20-000007 | unverified |
| Net income FY2018 | 1177562000.0 | 2018-12-31 history | SEC XBRL NetIncomeLoss 0000047111-21-000007 | unverified |
| Net income FY2019 | 1149692000.0 | 2019-12-31 history | SEC XBRL NetIncomeLoss 0000047111-22-000017 | unverified |
| Net income FY2020 | 1278708000.0 | 2020-12-31 history | SEC XBRL NetIncomeLoss 0000047111-23-000012 | unverified |
| Net income FY2021 | 1477512000.0 | 2021-12-31 history | SEC XBRL NetIncomeLoss 0000047111-24-000009 | unverified |
| Net income FY2022 | 1644817000.0 | 2022-12-31 history | SEC XBRL NetIncomeLoss 0000047111-25-000014 | unverified |
| Net income FY2023 | 1861787000.0 | 2023-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| Net income FY2024 | 2221239000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| Net income FY2025 | 883259000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| Dividend years (Yahoo) | [2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] | history | Yahoo Finance dividend history | unverified |
| Shares outstanding | 202839656.0 | 2025-12-31 stale | SEC XBRL CommonStockSharesOutstanding 0001628280-26-008586 | not cross-checked |
Magic Formula
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| Earnings yield (EBIT/EV) EBIT trailing twelve months; EV = market cap + debt (5,610,680,000) - cash | 5.51 % (rank 61) | ||
| Return on capital (EBIT/(NWC+PPE)) net working capital 603,770,000 used as reported | 53.02 % (rank 81) | ||
| Combined rank | 142 |
Inputs, 14 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| operating_income | 1441528000.0 | 2025-12-31 history | SEC XBRL OperatingIncomeLoss 0001628280-26-008586 | not cross-checked |
| operating_income_q | 640693000.0 | 2026-03-29 stale | SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) 0001628280-26-028682 | not cross-checked |
| operating_income_q | 369221000.0 | 2025-03-30 history | SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) 0001628280-26-028682 | not cross-checked |
| operating_income_q | 642641000.0 | 2026-06-28 | SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) 0001628280-26-050900 | not cross-checked |
| operating_income_q | 192811000.0 | 2025-06-29 history | SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) 0001628280-26-050900 | not cross-checked |
| current_assets | 3956241000.0 | 2026-06-28 | SEC XBRL AssetsCurrent 0001628280-26-050900 | not cross-checked |
| current_liabilities | 3352471000.0 | 2026-06-28 | SEC XBRL LiabilitiesCurrent 0001628280-26-050900 | not cross-checked |
| cash | 791213000.0 | 2026-06-28 | SEC XBRL CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 0001628280-26-050900 | not cross-checked |
| ppe_net | 3475714000.0 | 2026-06-28 | SEC XBRL PropertyPlantAndEquipmentNet 0001628280-26-050900 | not cross-checked |
| debt_incl_current | 5189135000.0 | 2026-06-28 | SEC XBRL LongTermDebt 0001628280-26-050900 | not cross-checked |
| debt_short | 421545000.0 | 2026-06-28 | SEC XBRL ShortTermBorrowings 0001628280-26-050900 | not cross-checked |
| shares_out | 202839656.0 | 2025-12-31 stale | SEC XBRL CommonStockSharesOutstanding 0001628280-26-008586 | not cross-checked |
| Price (close) | 169.64 | 2026-10-23 | Yahoo Finance / Alpaca Market Data | not cross-checked |
| note | debt = LongTermDebt (incl. current maturities) + short-term borrowings | not cross-checked |
Momentum
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 12-1 month return | -4.4 % (percentile 32.3) | 16.1 / 50 | |
| 6 month return | -10.3 % (percentile 21.0) | 4.2 / 20 | |
| Price / 52-week high | 0.729 | 10.9 / 15 | |
| Volatility penalty (60d annualised) | 22.7 % | 10.9 / 15 |
Inputs, 1 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Adjusted close series (14 months) | 169.64 | 2026-10-23 | Yahoo Finance / Alpaca Market Data daily history | not cross-checked |
Insider
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| Open-market buy value / market cap (percentile among buyers) | 0.0 bp | 0.0 / 35 | |
| Distinct buyers | 0 | 0.0 / 25 | |
| Buyer seniority | 0.0 | 0.0 / 20 | |
| Recency (half-life 30d) | 0.0 | 0.0 / 10 | |
| Sales penalty (excludes 10b5-1 plan sales) | 0.0 bp | -0.0 / 0 |
Inputs, 30 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| excluded 2026-10-21 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-21 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-21 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-20 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-20 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-19 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-19 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-19 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-19 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-16 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-16 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-16 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-16 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-15 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-15 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-15 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-15 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-14 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-14 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-14 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-14 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-14 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-13 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-13 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-13 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-13 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-12 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-12 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-12 S | 10b5-1 plan | rule | not cross-checked | |
| excluded 2026-10-12 S | 10b5-1 plan | rule | not cross-checked |
Buffett Quality
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 Average return on equity (net income / year-end equity) | 52.8% over 8 yrs | >= 15% | 25.0 / 25 |
| 2 Profitable every year | 10 of 10 | all years | 15.0 / 15 |
| 3 Net income growth, 3-yr average now vs start of window | +9.2% a year | >= +10% | 9.2 / 10 |
| 4 Borrowings / 3-yr average earnings (years to repay) LongTermDebt (incl. current maturities) + short-term borrowings | 3.4 years | <= 4 | 15.0 / 15 |
| 5 Operating margin, 5-yr average | 21.1% | >= 20% | 10.0 / 10 |
| 6 Free cash flow / net income, 5-yr (operating cash flow minus capex) | 1.08 | >= 1.0 | 10.0 / 10 |
| 7 Owner-earnings yield (3-yr avg free cash flow / market cap) | 5.1% | >= 7% | 8.0 / 15 |
Inputs, 50 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Price (close, per traded unit) | 169.64 | 2026-10-23 | Alpaca Market Data (consolidated SIP daily bar) | not cross-checked |
| Net income FY2018 | 1177562000.0 | 2018-12-31 history | SEC XBRL NetIncomeLoss 0000047111-21-000007 | unverified |
| Equity at FY2018 end | 1398721000.0 | 2018-12-31 history | SEC XBRL StockholdersEquity 0000047111-20-000007 | unverified |
| Net income FY2019 | 1149692000.0 | 2019-12-31 history | SEC XBRL NetIncomeLoss 0000047111-22-000017 | unverified |
| Equity at FY2019 end | 1739222000.0 | 2019-12-31 history | SEC XBRL StockholdersEquity 0000047111-21-000007 | unverified |
| Net income FY2020 | 1278708000.0 | 2020-12-31 history | SEC XBRL NetIncomeLoss 0000047111-23-000012 | unverified |
| Equity at FY2020 end | 2234352000.0 | 2020-12-31 history | SEC XBRL StockholdersEquity 0000047111-22-000017 | unverified |
| Net income FY2021 | 1477512000.0 | 2021-12-31 history | SEC XBRL NetIncomeLoss 0000047111-24-000009 | unverified |
| Equity at FY2021 end | 2757229000.0 | 2021-12-31 history | SEC XBRL StockholdersEquity 0000047111-25-000014 | unverified |
| Net income FY2022 | 1644817000.0 | 2022-12-31 history | SEC XBRL NetIncomeLoss 0000047111-25-000014 | unverified |
| Equity at FY2022 end | 3299544000.0 | 2022-12-31 history | SEC XBRL StockholdersEquity 0001628280-26-008586 | unverified |
| Net income FY2023 | 1861787000.0 | 2023-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| Equity at FY2023 end | 4099086000.0 | 2023-12-31 history | SEC XBRL StockholdersEquity 0001628280-26-008586 | unverified |
| Net income FY2024 | 2221239000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| Equity at FY2024 end | 4714654000.0 | 2024-12-31 history | SEC XBRL StockholdersEquity 0001628280-26-008586 | unverified |
| Net income FY2025 | 883259000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| Equity at FY2025 end | 4636750000.0 | 2025-12-31 history | SEC XBRL StockholdersEquity 0001628280-26-008586 | unverified |
| Net income FY2016 | 720044000.0 | 2016-12-31 history | SEC XBRL NetIncomeLoss 0000047111-19-000010 | unverified |
| Net income FY2017 | 782981000.0 | 2017-12-31 history | SEC XBRL NetIncomeLoss 0000047111-20-000007 | unverified |
| Net income FY2018 | 1177562000.0 | 2018-12-31 history | SEC XBRL NetIncomeLoss 0000047111-21-000007 | unverified |
| Net income FY2019 | 1149692000.0 | 2019-12-31 history | SEC XBRL NetIncomeLoss 0000047111-22-000017 | unverified |
| Net income FY2020 | 1278708000.0 | 2020-12-31 history | SEC XBRL NetIncomeLoss 0000047111-23-000012 | unverified |
| Net income FY2021 | 1477512000.0 | 2021-12-31 history | SEC XBRL NetIncomeLoss 0000047111-24-000009 | unverified |
| Net income FY2022 | 1644817000.0 | 2022-12-31 history | SEC XBRL NetIncomeLoss 0000047111-25-000014 | unverified |
| Net income FY2023 | 1861787000.0 | 2023-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| Net income FY2024 | 2221239000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| Net income FY2025 | 883259000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| debt_incl_current | 5189135000.0 | 2026-06-28 | SEC XBRL LongTermDebt 0001628280-26-050900 | unverified |
| debt_short | 421545000.0 | 2026-06-28 | SEC XBRL ShortTermBorrowings 0001628280-26-050900 | unverified |
| Operating income FY2021 | 2043722000.0 | 2021-12-31 history | SEC XBRL OperatingIncomeLoss 0000047111-24-000009 | unverified |
| Revenue FY2021 | 8971337000.0 | 2021-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000047111-24-000009 | unverified |
| Operating income FY2022 | 2260787000.0 | 2022-12-31 history | SEC XBRL OperatingIncomeLoss 0000047111-25-000014 | unverified |
| Revenue FY2022 | 10419294000.0 | 2022-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000047111-25-000014 | unverified |
| Operating income FY2023 | 2560867000.0 | 2023-12-31 history | SEC XBRL OperatingIncomeLoss 0001628280-26-008586 | unverified |
| Revenue FY2023 | 11164992000.0 | 2023-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-008586 | unverified |
| Operating income FY2024 | 2898232000.0 | 2024-12-31 history | SEC XBRL OperatingIncomeLoss 0001628280-26-008586 | unverified |
| Revenue FY2024 | 11202263000.0 | 2024-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-008586 | unverified |
| Operating income FY2025 | 1441528000.0 | 2025-12-31 history | SEC XBRL OperatingIncomeLoss 0001628280-26-008586 | unverified |
| Revenue FY2025 | 11692576000.0 | 2025-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-008586 | unverified |
| Operating cash flow FY2021 | 2082884000.0 | 2021-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000047111-24-000009 | unverified |
| Capital expenditure FY2021 | 495877000.0 | 2021-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000047111-24-000009 | unverified |
| Operating cash flow FY2022 | 2327837000.0 | 2022-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000047111-25-000014 | unverified |
| Capital expenditure FY2022 | 519481000.0 | 2022-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000047111-25-000014 | unverified |
| Operating cash flow FY2023 | 2323190000.0 | 2023-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-008586 | unverified |
| Capital expenditure FY2023 | 771109000.0 | 2023-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001628280-26-008586 | unverified |
| Operating cash flow FY2024 | 2531596000.0 | 2024-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-008586 | unverified |
| Capital expenditure FY2024 | 605942000.0 | 2024-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001628280-26-008586 | unverified |
| Operating cash flow FY2025 | 2277367000.0 | 2025-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-008586 | unverified |
| Capital expenditure FY2025 | 454622000.0 | 2025-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001628280-26-008586 | unverified |
| Shares outstanding | 202839656.0 | 2025-12-31 stale | SEC XBRL CommonStockSharesOutstanding 0001628280-26-008586 | not cross-checked |
Lynch GARP
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 PEG: P/E divided by 5-yr EPS growth (in % points) needs diluted EPS for the last fiscal year and five years earlier | — | <= 1.0 | None / 30 |
| 2 EPS growth, 5-yr compound rate needs diluted EPS for the last fiscal year and five years earlier | — | 12% to 35% a year | None / 20 |
| 3 P/E on latest annual EPS no usable diluted EPS for the latest fiscal year | — | <= 25 | None / 10 |
| 4 Borrowings / equity LongTermDebt (incl. current maturities) + short-term borrowings | 1.23 | <= 0.5 | 4.1 / 15 |
| 5 Years of the last 5 in which EPS rose needs six consecutive fiscal years of diluted EPS | — | 5 of 5 | None / 15 |
| 6 Net cash (cash minus borrowings) / market cap | -14.0% | >= +10% | 3.1 / 10 |
Inputs, 5 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Price (close, per traded unit) | 169.64 | 2026-10-23 | Alpaca Market Data (consolidated SIP daily bar) | not cross-checked |
| debt_incl_current | 5189135000.0 | 2026-06-28 | SEC XBRL LongTermDebt 0001628280-26-050900 | unverified |
| debt_short | 421545000.0 | 2026-06-28 | SEC XBRL ShortTermBorrowings 0001628280-26-050900 | unverified |
| equity | 4562690000.0 | 2026-06-28 | SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001628280-26-050900 | unverified |
| cash | 791213000.0 | 2026-06-28 | SEC XBRL CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 0001628280-26-050900 | unverified |
Graham Enterprising
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 Current ratio | 1.18 | >= 1.5 | 5.4 / 15 |
| 2 Borrowings vs working capital LongTermDebt (incl. current maturities) + short-term borrowings | 9.29 x | <= 1.1x | 0.0 / 15 |
| 3 No earnings deficit in the last 5 years | 5 of 5 profitable | 5 of 5 | 15.0 / 15 |
| 4 Pays a current dividend | yes | yes | 10.0 / 10 |
| 5 EPS higher than five years earlier needs diluted EPS for the last fiscal year and five years earlier | — | higher | None / 10 |
| 6 Price / book value per share book value used because intangibles are not separated in the dataset (Graham uses net tangible assets) | 7.54 | <= 1.2 | 0.0 / 20 |
| 7 Price / net current asset value per share (current assets minus all liabilities) net current asset value not positive | — | <= 0.67 | 0.0 / 15 |
Inputs, 13 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Price (close, per traded unit) | 169.64 | 2026-10-23 | Alpaca Market Data (consolidated SIP daily bar) | not cross-checked |
| current_assets | 3956241000.0 | 2026-06-28 | SEC XBRL AssetsCurrent 0001628280-26-050900 | unverified |
| current_liabilities | 3352471000.0 | 2026-06-28 | SEC XBRL LiabilitiesCurrent 0001628280-26-050900 | unverified |
| debt_incl_current | 5189135000.0 | 2026-06-28 | SEC XBRL LongTermDebt 0001628280-26-050900 | unverified |
| debt_short | 421545000.0 | 2026-06-28 | SEC XBRL ShortTermBorrowings 0001628280-26-050900 | unverified |
| Net income FY2021 | 1477512000.0 | 2021-12-31 history | SEC XBRL NetIncomeLoss 0000047111-24-000009 | unverified |
| Net income FY2022 | 1644817000.0 | 2022-12-31 history | SEC XBRL NetIncomeLoss 0000047111-25-000014 | unverified |
| Net income FY2023 | 1861787000.0 | 2023-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| Net income FY2024 | 2221239000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| Net income FY2025 | 883259000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| Dividend years (Yahoo) | [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] | history | Yahoo Finance dividend history | not cross-checked |
| equity | 4562690000.0 | 2026-06-28 | SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001628280-26-050900 | unverified |
| Shares outstanding | 202839656.0 | 2025-12-31 stale | SEC XBRL CommonStockSharesOutstanding 0001628280-26-008586 | not cross-checked |
Piotroski F-Score
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 Return on assets is positive | 6.4% | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 2 Operating cash flow is positive | 2,277M | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 3 Return on assets improved on the prior year | 17.2% -> 6.4% | pass = 1 | 0.0 / 11.11111111111111 |
| 4 Operating cash flow exceeds net income (accruals) | 2,277M vs 883M | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 5 Long-term debt / assets fell | 24.6% -> 34.1% | pass = 1 | 0.0 / 11.11111111111111 |
| 6 Current ratio improved | 0.96 -> 1.19 | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 7 No new shares issued (share count did not rise) | 202M -> 203M | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry) | 25.9% -> 12.3% | pass = 1 | 0.0 / 11.11111111111111 |
| 9 Asset turnover (revenue / assets) improved | 0.87 -> 0.85 | pass = 1 | 0.0 / 11.11111111111111 |
Inputs, 27 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| net_income 2025-12-31 | 883259000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| total_assets 2025-12-31 | 13741297000.0 | 2025-12-31 history | SEC XBRL Assets 0001628280-26-050900 | unverified |
| cfo 2025-12-31 | 2277367000.0 | 2025-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-008586 | unverified |
| net_income 2025-12-31 | 883259000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| net_income 2024-12-31 | 2221239000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| total_assets 2025-12-31 | 13741297000.0 | 2025-12-31 history | SEC XBRL Assets 0001628280-26-050900 | unverified |
| total_assets 2024-12-31 | 12946861000.0 | 2024-12-31 history | SEC XBRL Assets 0001628280-26-008586 | unverified |
| cfo 2025-12-31 | 2277367000.0 | 2025-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-008586 | unverified |
| net_income 2025-12-31 | 883259000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss 0001628280-26-008586 | unverified |
| lt_debt 2025-12-31 | 4681194000.0 | 2025-12-31 history | SEC XBRL LongTermDebtNoncurrent 0001628280-26-050900 | unverified |
| lt_debt 2024-12-31 | 3190210000.0 | 2024-12-31 history | SEC XBRL LongTermDebtNoncurrent 0001628280-25-047471 | unverified |
| total_assets 2025-12-31 | 13741297000.0 | 2025-12-31 history | SEC XBRL Assets 0001628280-26-050900 | unverified |
| total_assets 2024-12-31 | 12946861000.0 | 2024-12-31 history | SEC XBRL Assets 0001628280-26-008586 | unverified |
| current_assets 2025-12-31 | 3588899000.0 | 2025-12-31 history | SEC XBRL AssetsCurrent 0001628280-26-050900 | unverified |
| current_assets 2024-12-31 | 3759457000.0 | 2024-12-31 history | SEC XBRL AssetsCurrent 0001628280-26-008586 | unverified |
| current_liabilities 2025-12-31 | 3011896000.0 | 2025-12-31 history | SEC XBRL LiabilitiesCurrent 0001628280-26-050900 | unverified |
| current_liabilities 2024-12-31 | 3929495000.0 | 2024-12-31 history | SEC XBRL LiabilitiesCurrent 0001628280-26-008586 | unverified |
| shares_out 2025-12-31 | 202839656.0 | 2025-12-31 history | SEC XBRL CommonStockSharesOutstanding 0001628280-26-008586 | unverified |
| shares_out 2024-12-31 | 202383069.0 | 2024-12-31 history | SEC XBRL CommonStockSharesOutstanding 0001628280-26-008586 | unverified |
| operating_income 2025-12-31 | 1441528000.0 | 2025-12-31 history | SEC XBRL OperatingIncomeLoss 0001628280-26-008586 | unverified |
| operating_income 2024-12-31 | 2898232000.0 | 2024-12-31 history | SEC XBRL OperatingIncomeLoss 0001628280-26-008586 | unverified |
| revenue 2025-12-31 | 11692576000.0 | 2025-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-008586 | unverified |
| revenue 2024-12-31 | 11202263000.0 | 2024-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-008586 | unverified |
| revenue 2025-12-31 | 11692576000.0 | 2025-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-008586 | unverified |
| revenue 2024-12-31 | 11202263000.0 | 2024-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-008586 | unverified |
| total_assets 2025-12-31 | 13741297000.0 | 2025-12-31 history | SEC XBRL Assets 0001628280-26-050900 | unverified |
| total_assets 2024-12-31 | 12946861000.0 | 2024-12-31 history | SEC XBRL Assets 0001628280-26-008586 | unverified |
Earnings record
| FY | Ended | Revenue, $M | Net income, $M | EPS diluted | Dividend | Filing |
|---|---|---|---|---|---|---|
| 2013 | 2013-12-31 | 1,800 | 820 | paid | 0000047111-16-000095 | |
| 2014 | 2014-12-31 | 7,422 | 847 | paid | 0000047111-17-000005 | |
| 2015 | 2015-12-31 | 7,387 | 513 | paid | 0000047111-18-000029 | |
| 2016 | 2016-12-31 | 7,440 | 720 | paid | 0000047111-19-000010 | |
| 2017 | 2017-12-31 | 7,515 | 783 | paid | 0000047111-20-000007 | |
| 2018 | 2018-12-31 | 7,791 | 1,178 | paid | 0000047111-21-000007 | |
| 2019 | 2019-12-31 | 7,986 | 1,150 | paid | 0000047111-22-000017 | |
| 2020 | 2020-12-31 | 8,150 | 1,279 | paid | 0000047111-23-000012 | |
| 2021 | 2021-12-31 | 8,971 | 1,478 | paid | 0000047111-24-000009 | |
| 2022 | 2022-12-31 | 10,419 | 1,645 | paid | 0000047111-25-000014 | |
| 2023 | 2023-12-31 | 11,165 | 1,862 | paid | 0001628280-26-008586 | |
| 2024 | 2024-12-31 | 11,202 | 2,221 | paid | 0001628280-26-008586 | |
| 2025 | 2025-12-31 | 11,693 | 883 | paid | 0001628280-26-008586 |
Insider transactions
Filings and links
- SEC: filing index, 8-K, Form 4, XBRL companyfacts
- Prices: Yahoo Finance, Stooq
- Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news