Tearsheet

Tootsie Roll Industries (TR)

Market Price (12/4/2025): $37.565 | Market Cap: $2.7 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

Tootsie Roll Industries (TR)

Market Price (12/4/2025): $37.565
Market Cap: $2.7 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%	Weak multi-year price returns 2Y Excs Rtn is -26%, 3Y Excs Rtn is -76%
1	Low stock price volatility Vol 12M is 27%	Meaningful short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 14.21
2	Megatrend and thematic drivers Megatrends include E-commerce & DTC Adoption. Themes include Online Grocery Platforms, Direct-to-Consumer Brands (Staples), and Supply Chain Digitization.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
1	Low stock price volatility Vol 12M is 27%
2	Megatrend and thematic drivers Megatrends include E-commerce & DTC Adoption. Themes include Online Grocery Platforms, Direct-to-Consumer Brands (Staples), and Supply Chain Digitization.
3	Weak multi-year price returns 2Y Excs Rtn is -26%, 3Y Excs Rtn is -76%
4	Meaningful short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 14.21

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$37.56	$31.15	$30.73	$37.83	$30.95
Market Cap CYE ($ Bil)	2.7	2.3	2.3	2.8	2.1
Total Debt ($ Bil)	0.0	0.0	0.0	0.0	0.0
Total Cash ($ Bil)	0.1	0.2	0.2	0.1	0.1
Enterprise Value ($ Bil)	2.6	2.3	2.3	2.8	2.1
Valuation Ratios
P/S TTM	4.2	3.3	3.2	4.7	4.7
P/EBIT TTM	22.9	18.6	20.5	32.6	31.1
P/E TTM	32.6	27.4	26.8	42.1	40.8
Sector Ratios
P/S TTM (Sector)	1.0	1.0	1.0	0.9	1.6
P/EBIT TTM (Sector)	9.2	10.6	10.9	10.9	12.4
P/E TTM (Sector)	13.8	14.9	15.4	14.0	17.0

	12/4/25	2024	2023
Share Price CYE	$37.56	$31.15	$30.73
Market Cap CYE ($ Bil)	2.7	2.3	2.3
Total Debt ($ Bil)	0.0	0.0	0.0
Total Cash ($ Bil)	0.1	0.2	0.2
Enterprise Value ($ Bil)	2.6	2.3	2.3
Valuation Ratios
P/S TTM	4.2	3.3	3.2
P/EBIT TTM	22.9	18.6	20.5
P/E TTM	32.6	27.4	26.8
Sector Ratios
P/S TTM (Sector)	1.0	1.0	1.0
P/EBIT TTM (Sector)	9.2	10.6	10.9
P/E TTM (Sector)	13.8	14.9	15.4

	TR	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	0.7
Rev Chg Q	3.0%	7.1%
Rev Chg LTM	0.3%	6.1%
Rev Chg 3Y Avg	3.4%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	14.6%	18.8%
CFO/Rev LTM	17.3%	20.5%
Net Inc Mgn	12.9%	13.1%
VALUATION	HIGH
P/S	4.2	3.2
P/CFO	24.2	15.8
P/FCF	30.5	20.5
P/E	32.6	23.5
STABILITY	GOOD
Debt/Equity	0.00	0.20
Cash/Assets	0.10	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Daily Production Volume of Tootsie Rolls	64 million	10212024	Link
Number of Employees	2300	2282025	Link
Number of Manufacturing Facilities	4	11082024	Link
Number of Countries Marketed In	Over 75	6052024	Link
Distribution Network (Retail Grocery Stores)	Approximately 85,000	11082023	Link
Percentage of Net Product Sales to Wal-Mart	23.2%	12312024	Link
Percentage of Net Product Sales to Dollar Tree	12.6%	12312024	Link

Upcoming
2/10/2026	Earnings Release	Rev: - EPS: -

TR Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Tootsie Roll Industries (TR) stock has experienced fluctuations, with recent data showing a short-term negative trend. While a precise -6.4% movement within the future period of August 31, 2025, to December 4, 2025, cannot be confirmed, several factors typically influence confectionery stock performance that could lead to such a decline. Here are key points that could contribute to a downward movement in Tootsie Roll Industries' stock: 1. Rising Raw Material Costs: The confectionery market, including companies like Tootsie Roll, is highly susceptible to the volatile prices of key raw materials such as cocoa and sugar. Cocoa prices have seen significant increases due to climate change, diseases, and supply chain disruptions. Elevated raw material costs can squeeze profit margins if companies cannot fully pass these increases on to consumers through higher prices. 2. Economic Pressures and Price Sensitivity: Inflationary pressures can impact consumer spending on discretionary items like confectionery. While some consumers might still buy indulgent treats, affordability concerns can push others towards private-label or smaller-pack options, potentially affecting sales volume for established brands. 3. Shifting Consumer Preferences and Health Trends: There's a growing demand for sugar-free and functional confectionery as consumers increasingly seek healthier options. A failure to adapt product portfolios to these shifting preferences could negatively impact sales and market share for traditional candy makers. 4. Competitive Market Landscape: The confectionery market is competitive, with numerous brands vying for consumer attention. Intense competition and the rise of home-grown brands in certain markets could put pressure on Tootsie Roll's sales and profitability. 5. General Market Sentiment and Technical Indicators: Broader market trends and technical indicators can influence a stock's performance. Recent technical analysis for TR indicates a short-term negative trend, with some moving averages suggesting a "Sell" outlook. If the overall market experiences a downturn, or if technical indicators continue to signal weakness, it could contribute to a stock price decline.

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Stock Movement Drivers

Fundamental Drivers

The -7.5% change in TR stock from 9/3/2025 to 12/3/2025 was primarily driven by a -10.3% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	40.61	37.56	-7.50%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	722.85	729.62	0.94%
Net Income Margin (%)	12.58%	12.85%	2.14%
P/E Multiple	32.54	29.19	-10.28%
Shares Outstanding (Mil)	72.88	72.88	0.00%
Cumulative Contribution			-7.50%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
TR	-7.5%
Market (SPY)	6.2%	-13.2%
Sector (XLP)	-2.2%	24.8%

Fundamental Drivers

The 7.6% change in TR stock from 6/4/2025 to 12/3/2025 was primarily driven by a 3.7% change in the company's Net Income Margin (%).

	6042025	12032025	Change
Stock Price ($)	34.91	37.56	7.58%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	718.50	729.62	1.55%
Net Income Margin (%)	12.39%	12.85%	3.69%
P/E Multiple	28.60	29.19	2.06%
Shares Outstanding (Mil)	72.96	72.88	0.11%
Cumulative Contribution			7.58%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
TR	7.6%
Market (SPY)	15.1%	1.2%
Sector (XLP)	-3.5%	35.4%

Fundamental Drivers

The 17.6% change in TR stock from 12/3/2024 to 12/3/2025 was primarily driven by a 16.6% change in the company's P/E Multiple.

	12032024	12032025	Change
Stock Price ($)	31.93	37.56	17.63%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	727.12	729.62	0.34%
Net Income Margin (%)	12.89%	12.85%	-0.29%
P/E Multiple	25.04	29.19	16.58%
Shares Outstanding (Mil)	73.50	72.88	0.84%
Cumulative Contribution			17.62%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
TR	17.6%
Market (SPY)	14.3%	8.5%
Sector (XLP)	-2.8%	47.3%

Fundamental Drivers

The -8.1% change in TR stock from 12/4/2022 to 12/3/2025 was primarily driven by a -32.9% change in the company's P/E Multiple.

	12042022	12032025	Change
Stock Price ($)	40.85	37.56	-8.05%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	665.17	729.62	9.69%
Net Income Margin (%)	10.62%	12.85%	21.04%
P/E Multiple	43.51	29.19	-32.91%
Shares Outstanding (Mil)	75.23	72.88	3.13%
Cumulative Contribution			-8.14%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
TR	18.7%
Market (SPY)	53.2%	10.4%
Sector (XLP)	16.4%	42.7%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
TR Return	-12%	27%	22%	-19%	1%	20%	35%
Peers Return	-7%	7%	15%	4%	16%	-34%	-8%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
TR Win Rate	33%	50%	50%	42%	42%	60%
Peers Win Rate	42%	46%	52%	62%	56%	25%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
TR Max Drawdown	-14%	-0%	-10%	-29%	-13%	-6%
Peers Max Drawdown	-36%	-14%	-20%	-15%	-17%	-43%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: CALM, SMPL, JJSF, THS, BRBF. See TR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	TR	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-38.1%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	61.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-23.2%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	30.2%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	125 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-31.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	46.1%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	1000 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-40.5%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	68.0%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1562 days	1480 days

Compare to CALM, SMPL, JJSF, THS, BRBF

In The Past

Tootsie Roll Industries's stock fell -38.1% during the 2022 Inflation Shock from a high on 2/6/2023. A -38.1% loss requires a 61.5% gain to breakeven.

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About Tootsie Roll Industries (TR)

Tootsie Roll Industries, Inc., together with its subsidiaries, engages in manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks. The company sells its products directly to wholesale distributors of candy, food and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, mass merchandisers, warehouse and membership club stores, vending machine operators, e-commerce merchants, the United States military, and fund-raising charitable organizations, as well as through food and grocery brokers. Tootsie Roll Industries, Inc. was founded in 1896 and is based in Chicago, Illinois.

AI Generated Analysis | Feedback

Hershey's for classic American candies: Imagine a company like Hershey's, but exclusively focused on a portfolio of iconic, decades-old American sweets like Tootsie Rolls, Junior Mints, and Blow-Pops.
A Coca-Cola for nostalgic candy brands: It's a consumer staple giant in its own right, like Coca-Cola, but its 'beverages' are timeless candies that evoke childhood memories, offering steady demand rather than rapid innovation.

AI Generated Analysis | Feedback

Tootsie Roll: A classic chewy, chocolate-flavored taffy candy.
Tootsie Pop: A hard candy lollipop with a chewy Tootsie Roll center.
Junior Mints: Small, round candies featuring a creamy mint filling enrobed in dark chocolate.
Charleston Chew: A chewy nougat bar available in various flavors, coated in a chocolatey shell.
Sugar Daddy: A traditional rectangular caramel lollipop on a stick.
Dots: Chewy, fruit-flavored gumdrop candies.
Andes Mints: Thin, rectangular chocolate candies with a distinctive mint-flavored green layer.
Charms Blow Pop: A lollipop with a hard candy shell that encases a bubble gum center.

AI Generated Analysis | Feedback

Tootsie Roll Industries (TR) primarily sells its products to other companies, operating on a business-to-business (B2B) model.

According to its filings with the U.S. Securities and Exchange Commission, Tootsie Roll Industries does not disclose specific "major customers" by name because no single customer accounted for 10% or more of its consolidated net sales in recent fiscal years. As such, it is not possible to list specific customer companies with their symbols.

However, Tootsie Roll Industries distributes its products to a diverse range of companies that serve as its direct customers. These include:

Wholesale Distributors: Companies that purchase products in bulk and distribute them to various smaller retailers, independent stores, and other points of sale.
Supermarket Chains: Large grocery store corporations (e.g., Kroger, Albertsons), which then sell products directly to consumers.
Mass Merchandisers: Large retail chains that sell a wide variety of goods, often at discount prices (e.g., Walmart, Target).
Drug Chains: Pharmacy retailers that also carry confectionery products (e.g., CVS, Walgreens).
Variety Stores: Retailers offering a broad assortment of low-cost general merchandise (e.g., Dollar General, Dollar Tree).
Convenience Stores: Small retail outlets that stock a limited range of everyday items (e.g., 7-Eleven, Circle K).
Vending Machine Operators: Companies that purchase products to stock in their vending machines.

AI Generated Analysis | Feedback

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Ellen R. Gordon, Chairman of the Board and Chief Executive Officer

Ellen R. Gordon was appointed Chairman of the Board and Chief Executive Officer of Tootsie Roll Industries in January 2015, following the death of her husband, Melvin Gordon. She has served as a director of the company since 1969. From 1978 to 2015, she held the positions of President and Chief Operating Officer. Ms. Gordon's family, the Rubin family, gained control of the Sweets Company of America (the original maker of Tootsie Rolls) in the 1930s. She joined Tootsie Roll Industries in 1968, initially working in pension planning and product development. Her previous roles at the company include Corporate Secretary (1970), Vice President of Product Development (1974), and Senior Vice President (1976). Under the leadership of Ellen and Melvin Gordon, Tootsie Roll Industries acquired brands such as Charleston Chew, Junior Mints, Sugar Babies, Charms Blow Pops, and Dubble Bubble. She earned her B.A. from Brandeis University in 1965 and completed graduate work at Harvard University.

G. Howard Ember Jr., Vice President, Finance, Principal Financial Officer and Principal Accounting Officer

G. Howard Ember Jr. serves as the Vice President of Finance, Principal Financial Officer, and Principal Accounting Officer at Tootsie Roll Industries.

Henry G. Mills, Vice President and Chief Operating Officer

Henry G. Mills serves as the Vice President and Chief Operating Officer of Tootsie Roll Industries.

Stephen P. Green, Vice President, Manufacturing

Stephen P. Green holds the position of Vice President of Manufacturing at Tootsie Roll Industries.

Kenneth D. Naylor, Vice President, Marketing and Sales

Kenneth D. Naylor is the Vice President of Marketing and Sales for Tootsie Roll Industries.

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

Tootsie Roll Industries (TR) operates within the confectionery market, producing a range of chocolate and non-chocolate candies, as well as chewing gum. The primary addressable market for these products is the United States.

The overall U.S. confectionery market was valued at approximately USD 40.4 billion in 2023 and is projected to grow to USD 61.61 billion by 2032.
The U.S. non-chocolate confection market, which includes many of Tootsie Roll's products such as Tootsie Pops, Charms Blow Pops, Dots, Dubble Bubble, Sugar Daddy, and Sugar Babies, reached an estimated USD 14.4 billion in sales in 2024. This market is projected to reach USD 27.8 billion across all channels by 2030.
The U.S. chocolate confectionery market, which includes products like Tootsie Rolls, Andes Chocolate Mints, Charleston Chew, Junior Mints, and Cella's Chocolate-Covered Cherries, can be estimated by subtracting the non-chocolate segment from the total confectionery market. Based on a U.S. confectionery market of approximately USD 40.4 billion in 2023 and a non-chocolate market of about USD 14.4 billion in 2024, the chocolate confectionery market is approximately USD 26 billion for 2023-2024.

AI Generated Analysis | Feedback

Tootsie Roll Industries (TR) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

Price Increases and Realization: The company has been implementing strategic price increases to offset rising input costs, particularly for cocoa and chocolate, aiming to restore and enhance gross profit margins. This strategy is expected to contribute to earnings per share growth.
Successful Marketing and Sales Programs: Tootsie Roll Industries attributes recent sales growth to successful marketing and sales programs, including pre-Halloween initiatives. Continued effective programs are anticipated to support future revenue.
Investment in Manufacturing Operations and Operational Efficiencies: The company plans significant capital expenditures, mainly in 2026-2027, for plant expansion and investments in manufacturing operations. These investments aim to meet higher demand, improve product quality, expand capacity, and boost operational efficiencies, which are critical for long-term growth and margin improvement.
Incremental Product Innovation: Small amounts of revenue growth are also anticipated from ongoing incremental product innovation, indicating efforts to refresh and expand their product offerings.
Growth in Domestic Sales: Despite some fluctuations in overall sales, the company has observed growth in domestic sales, which is a key contributor to increases in net product sales.

AI Generated Analysis | Feedback

Share Repurchases

In 2024, Tootsie Roll Industries repurchased 448,214 shares of its common stock for an aggregate price of $13.5 million.
Total share repurchases in 2023 amounted to approximately $33.08 million, including quarterly amounts of $5.56 million, $10.99 million, $14.93 million, and $1.60 million.
In 2021, the company repurchased 920,704 shares of common stock for an aggregate price of $30.2 million.


Share Issuance

Tootsie Roll Industries consistently distributes an annual 3% stock dividend to its shareholders.
The 60th consecutive annual 3% stock dividend was distributed in 2024.
Stock dividends were most recently distributed on April 4, 2025, and April 5, 2024.


Capital Expenditures

Capital expenditures totaled $18.4 million in 2024.
The company is undertaking a significant plant expansion project, with plans to invest approximately $100 million over the next seven years, with most expenditures anticipated in 2025 and 2026.
These investments are primarily directed towards acquiring the latest equipment and technology to enhance production efficiency, meet evolving customer demands, improve product quality, and increase operational efficiencies.

Better Bets than Tootsie Roll Industries (TR)

	TR	Better Performance than TR
Metric	Value	INDUSTRY: Packaged Foods & Meats
Rev Chg LTM	0.3%	MDLZ (4.1%), HSY (2.5%), TSN (2.0%), MKC (1.6%), HRL (0.6%)
Rev Chg 3Y Avg	3.4%	LW (17.1%), POST (12.4%), MDLZ (7.5%), CPB (6.2%), HSY (5.2%)
Op Mgn LTM	14.6%	KHC (19.5%), HSY (19.1%), GIS (16.4%), MKC (16.0%), K (14.7%)
CFO/Rev LTM	17.3%	CALM (31.5%), HSY (19.0%), SENEA (18.2%), KHC (17.8%)
FCF/Rev LTM	13.7%	CALM (27.6%), SENEA (15.8%), KHC (14.4%), HSY (14.0%)
Total Yield	3.9%	GIS (15.2%), K (7.5%), MDLZ (7.4%), HSY (6.9%), TSN (6.6%)
P/S	4.2	KHC (1.2), GIS (1.5), MDLZ (2.1), K (2.3), HSY (3.4)
P/Op Inc	28.7	KHC (6.3), GIS (8.9), K (15.3), HSY (17.6), MDLZ (18.6)

	TR	Better Performance than TR
Metric	Value	SECTOR: Consumer Staples
Rev Chg LTM	0.3%	COST (8.2%), PM (7.5%), WMT (4.2%), KO (2.8%), PG (1.2%)
Rev Chg 3Y Avg	3.4%	PM (8.0%), COST (6.6%), WMT (5.7%), KO (4.0%), PEP (3.4%)
Op Mgn LTM	14.6%	MO (59.0%), PM (37.1%), KO (31.3%), BUD (26.1%), PG (24.1%)
CFO/Rev LTM	17.3%	MO (43.8%), PM (28.8%), MNST (27.3%), PG (22.3%), CL (19.6%)
FCF/Rev LTM	13.7%	MO (43.1%), PM (25.3%), MNST (24.4%), PG (17.6%), CL (16.9%)
Total Yield	3.9%	PEP (7.7%), KO (7.5%), PM (6.8%), BUD (5.2%), PG (4.7%)
P/S	4.2	WMT (1.1), COST (1.5), BUD (2.0), PEP (2.1), MDLZ (2.1)
P/Op Inc	28.7	PEP (15.8), PM (17.0), PG (17.5), KO (19.1), WMT (26.9)

	TR	Better Performance than TR
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	0.3%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	3.4%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%)
Op Mgn LTM	14.6%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	17.3%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	13.7%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	3.9%	XOM (10.3%), JNJ (8.4%), JPM (6.7%), BRK-B (6.2%), GOOGL (4.6%)
P/S	4.2	XOM (1.4), HD (2.2), BRK-B (2.7), AMZN (3.5), BAC (3.6)
P/Op Inc	28.7	XOM (12.4), JNJ (18.5), META (22.6), GOOGL (23.7), MSFT (28.3)

		Best Bets In Consumer Staples Sector
	TR
What You Pay
P/E	32.6
P/EBIT	22.9
What You Get
Rev Chg Q	3.0%
Rev Chg LTM	0.3%
Rev Chg 3Y Avg	3.4%
FCF/Rev 3Y Avg	11.8%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 8.7%, alpha of 1.4%, and sharpe of 0.5

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	How Low Can Tootsie Roll Industries Stock Really Go?	Return
2	Tootsie Roll Industries vs Alphabet: Which Is A Better Investment?	Counter-Intuitive Comparisons
3	Tootsie Roll Industries vs Coca-Cola: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	Tootsie Roll Industries vs Mondelez International: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	How Does Tootsie Roll Industries Stock Stack Up Against Its Peers?	Peer Comparison
6	Better Bet Than TR Stock: Pay Less Than Tootsie Roll Industries To Get More From GOOGL, DIS
7	Better Bet Than TR Stock: Pay Less Than Tootsie Roll Industries To Get More From USFD, SFM
8	Better Bet Than TR Stock: Pay Less Than Tootsie Roll Industries To Get More From BRBR, CALM
9	Tootsie Roll Industries Total Shareholder Return (TSR): 2.3% in 2024 and 1.4% 3-yr compounded annual returns (below peer average)
10	Tootsie Roll Industries (TR) Operating Cash Flow Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to TR. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BF-B_11302025_Dip_Buyer_ValueBuy	11302025	BF-B	Brown-Forman	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	3.8%	3.8%	0.0%
CPB_11302025_Dip_Buyer_ValueBuy	11302025	CPB	Campbell's	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-2.1%	-2.1%	-2.1%
ENR_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	ENR	Energizer	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.4%	3.4%	-5.3%
FLO_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FLO	Flowers Foods	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	7.2%	7.2%	-1.6%
CLX_11142025_Dip_Buyer_FCFYield	11142025	CLX	Clorox	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.4%	1.4%	-5.1%
TR_4302023_Quality_Momentum_RoomToRun_10%	04302023	TR	Tootsie Roll Industries	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-25.5%	-24.2%	-28.0%
TR_4302020_Quality_Momentum_RoomToRun_10%	04302020	TR	Tootsie Roll Industries	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-13.7%	-6.4%	-17.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BF-B_11302025_Dip_Buyer_ValueBuy	11302025	BF-B	Brown-Forman	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	3.8%	3.8%	0.0%
CPB_11302025_Dip_Buyer_ValueBuy	11302025	CPB	Campbell's	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-2.1%	-2.1%	-2.1%
ENR_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	ENR	Energizer	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.4%	3.4%	-5.3%
FLO_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FLO	Flowers Foods	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	7.2%	7.2%	-1.6%
CLX_11142025_Dip_Buyer_FCFYield	11142025	CLX	Clorox	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.4%	1.4%	-5.1%
TR_4302023_Quality_Momentum_RoomToRun_10%	04302023	TR	Tootsie Roll Industries	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-25.5%	-24.2%	-28.0%
TR_4302020_Quality_Momentum_RoomToRun_10%	04302020	TR	Tootsie Roll Industries	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-13.7%	-6.4%	-17.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Tootsie Roll Industries

Peers to compare with:

Financials

	TR	CALM	SMPL	JJSF	THS	BRBF	Median
Name	Tootsie .	Cal-Main.	Simply G.	J&J Snac.	Treehous.	BRB Foods
Mkt Price	37.56	82.67	18.99	92.46	23.94	-	37.56
Mkt Cap	2.7	4.0	1.9	1.8	1.2	-	1.9
Rev LTM	730	4,399	1,451	1,600	3,335	0	1,525
Op Inc LTM	106	1,600	219	104	158	-1	132
FCF LTM	100	1,215	156	67	94	-0	97
FCF 3Y Avg	87	727	175	79	-62	-1	83
CFO LTM	126	1,386	178	145	237	-0	162
CFO 3Y Avg	111	882	188	167	66	1	139

Growth & Margins

	TR	CALM	SMPL	JJSF	THS	BRBF	Median
Name	Tootsie .	Cal-Main.	Simply G.	J&J Snac.	Treehous.	BRB Foods
Rev Chg LTM	0.3%	65.8%	9.0%	0.5%	-1.4%	-100.0%	0.4%
Rev Chg 3Y Avg	3.4%	31.8%	7.5%	7.3%	3.6%	-	7.3%
Rev Chg Q	3.0%	17.4%	-1.8%	3.3%	1.2%	-	3.0%
QoQ Delta Rev Chg LTM	0.9%	3.2%	-0.5%	0.9%	0.3%	-	0.9%
Op Mgn LTM	14.6%	36.4%	15.1%	6.5%	4.7%	-	14.6%
Op Mgn 3Y Avg	13.4%	27.4%	16.1%	6.7%	4.0%	-	13.4%
QoQ Delta Op Mgn LTM	-0.5%	0.3%	-0.7%	0.0%	0.3%	-	0.0%
CFO/Rev LTM	17.3%	31.5%	12.3%	9.1%	7.1%	-	12.3%
CFO/Rev 3Y Avg	15.0%	25.4%	14.1%	10.6%	2.0%	-	14.1%
FCF/Rev LTM	13.7%	27.6%	10.7%	4.2%	2.8%	-	10.7%
FCF/Rev 3Y Avg	11.8%	20.6%	13.1%	5.0%	-1.8%	-	11.8%

Valuation

	TR	CALM	SMPL	JJSF	THS	BRBF	Median
Name	Tootsie .	Cal-Main.	Simply G.	J&J Snac.	Treehous.	BRB Foods
Mkt Cap	2.7	4.0	1.9	1.8	1.2	-	1.9
P/S	4.2	1.0	1.7	1.4	0.3	-	1.4
P/EBIT	22.9	2.7	15.7	19.0	10.5	-	15.7
P/E	32.6	3.6	24.1	26.3	47.6	-	26.3
P/CFO	24.2	3.3	14.0	15.2	4.1	-	14.0
Total Yield	3.9%	36.9%	4.2%	5.2%	2.1%	-	4.2%
Dividend Yield	0.8%	9.0%	0.0%	1.4%	0.0%	-	0.8%
FCF Yield 3Y Avg	3.5%	20.6%	5.6%	2.8%	-0.1%	-	3.5%
D/E	0.0	0.0	0.1	0.1	1.7	-	0.1
Net D/E	-0.0	-0.3	0.1	0.0	1.7	-	0.0

Returns

	TR	CALM	SMPL	JJSF	THS	BRBF	Median
Name	Tootsie .	Cal-Main.	Simply G.	J&J Snac.	Treehous.	BRB Foods
1M Rtn	1.6%	-6.5%	-4.2%	8.8%	27.6%	-	1.6%
3M Rtn	-7.5%	-24.1%	-33.7%	-14.4%	31.9%	-	-14.4%
6M Rtn	7.6%	-10.0%	-43.9%	-17.9%	9.0%	-	-10.0%
12M Rtn	17.6%	-8.5%	-52.2%	-45.1%	-30.3%	-	-30.3%
3Y Rtn	-8.1%	72.4%	-52.6%	-39.9%	-52.1%	-	-39.9%
1M Excs Rtn	1.7%	-6.5%	-4.2%	8.8%	27.6%	-	1.7%
3M Excs Rtn	-12.2%	-31.1%	-38.8%	-19.3%	26.5%	-	-19.3%
6M Excs Rtn	-7.1%	-24.7%	-58.7%	-32.7%	-5.7%	-	-24.7%
12M Excs Rtn	4.5%	-21.1%	-65.8%	-59.0%	-43.8%	-	-43.8%
3Y Excs Rtn	-76.1%	6.8%	-123.3%	-112.4%	-123.9%	-	-112.4%

Comparison Analyses

	Title
0	How Does Tootsie Roll Industries Stock Stack Up Against Its Peers?
1	Why JJSF With 26% Upside May Beat TR?
2	Why HAIN With 5.0% Upside May Beat TR?
3	BG Looks Stronger Than TR With 47% Return Potential
4	THS Looks Stronger Than TR With 8.8% Return Potential

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/7/2025	2/28/2025	2/29/2024	3/1/2023	3/1/2022	3/1/2021	2/28/2020
Key Financials
Total Revenue	730	723	769	687	571	471	527
EBITDA	152	146	138	116	103	95	104
Operating Income	106	101	102	111	67	58	69
Net Income	94	87	92	76	65	59	65
EPS	1.29	1.18	1.24	1.01	0.88	0.77	0.84
Growth Rates
Total Revenue Growth	0.3%	-6.0%	12.0%	20.4%	21.2%	-10.6%	1.6%
EBITDA Growth	19.6%	5.1%	19.5%	12.2%	9.2%	-9.4%	13.4%
Operating Income Growth	17.9%	-1.3%	-8.1%	65.0%	15.3%	-15.8%	-1.8%
Net Income Growth	0.1%	-5.5%	21.0%	16.2%	10.7%	-9.1%	14.1%
Margins
EBITDA Margin	20.8%	20.1%	18.0%	16.9%	18.1%	20.1%	19.8%
Operating Income Margin	14.6%	13.9%	13.2%	16.1%	11.8%	12.4%	13.1%
Net Income Margin	12.9%	12.0%	11.9%	11.1%	11.4%	12.5%	12.3%
Cash & Debt
Total Cash	120	195	171	149	146	209	239
Total Debt	14	15	16	13	16	9	10
Net Debt / (Cash)	-106	-180	-156	-136	-130	-200	-230
Cash Flows
Net Cash from Operations	126	139	95	72	85	75	100
Free Cash from Operations	100	121	68	49	54	57	80
Returns to Shareholders
Dividends	26	26	25	25	24	24	23
Share Repurchases	18	14	33	32	30	32	34

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/7/2025	8/8/2025	5/9/2025	2/28/2025	11/8/2024	8/8/2024	5/9/2024	2/29/2024	11/8/2023	8/8/2023	5/10/2023	3/1/2023
Key Financials Quarterly
Total Revenue	233	155	148	193	226	151	153	197	250	160	162	190
Ebitda	37	17	28	70	40	20	16	51	50	19	17	19
Operating Income	32	12	23	39	35	15	11	28	46	15	13	27
Net Income	36	18	18	23	33	16	16	29	34	15	13	25
EPS	0.49	0.24	0.25	0.31	0.45	0.21	0.22	0.40	0.47	0.19	0.18	0.34
Key Financials TTM
Total Revenue TTM	730	723	718	723	727	751	760	769	762	725	708	687
Ebitda TTM	152	154	157	146	127	137	137	138	106	96	108	116
Operating Income TTM	106	109	112	101	90	101	100	102	101	90	103	111
Net Income TTM	94	91	89	87	94	95	94	92	88	80	77	76
Growth Rates Quarterly
Total Revenue Growth	3.0%	2.9%	-3.1%	-2.0%	-9.6%	-5.9%	-5.5%	4.0%	17.2%	11.6%	15.3%	13.0%
EBITDA Growth	-6.4%	-16.4%	76.1%	36.7%	-21.2%	3.4%	-9.8%	166.0%	25.0%	-38.0%	-30.6%	-55.8%
Operating Income Growth	-8.2%	-21.5%	107.6%	36.4%	-23.2%	4.6%	-13.2%	3.7%	29.0%	-45.3%	-38.6%	35.6%
Net Income Growth	8.6%	12.2%	14.0%	-23.4%	-4.5%	6.2%	18.2%	16.0%	29.4%	22.8%	11.4%	26.5%
Margins Quarterly
EBITDA Margin	16.0%	10.8%	18.6%	36.2%	17.6%	13.3%	10.2%	26.0%	20.2%	12.1%	10.7%	10.2%
Operating Income Margin	13.9%	7.8%	15.5%	20.0%	15.6%	10.2%	7.3%	14.4%	18.4%	9.2%	7.9%	14.4%
Net Income Margin	15.3%	11.3%	12.2%	11.6%	14.5%	10.4%	10.3%	14.9%	13.8%	9.2%	8.3%	13.4%
Cash & Debt
Total Cash	120	171	177	195	163	131	159	171	135	109	124	149
Total Debt	14	14	15	15	15	15	16	16	15	15	13	13
Net Debt / (Cash)	-106	-156	-162	-180	-148	-116	-144	-156	-121	-94	-111	-136
Cash Flows Quarterly
FCF from Operations	62	-9	4	69	61	-13	21	55	45	2	-7	41
Cash Flows TTM
FCF from Operations TTM	126	125	121	139	125	109	123	95	81	66	48	72
Returns to Shareholders Quarterly
Dividends	7	0	13	6	6	0	12	6	6	0	12	6
Share Repurchases	-0	-0	6	11	2	-0	-0	6	11	15	2	24
Return on Invested Capital (ROIC) Quarterly
ROIC	12.4%	4.5%	10.2%	12.6%	16.1%	6.7%	5.1%	14.7%	21.8%	6.6%	5.8%	14.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	9.1%	10.2%	10.8%	10.9%	10.3%	11.0%	11.3%	12.9%	12.1%	10.3%	11.8%	14.4%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	769
Net product sales		681	566	467	524
Rental and royalty revenue		6	5	4	3
Total	769	687	571	471	527

Price Behavior

Price Behavior

Market Price	$37.56
Market Cap ($ Bil)	2.7
First Trading Date	12/30/1987
Distance from 52W High	-14.0%
	50 Days	200 Days
DMA Price	$39.81	$36.06
DMA Trend	up	down
Distance from DMA	-5.6%	4.2%
	3M	1YR
Volatility	32.0%	27.3%
Downside Capture	-7.35	9.21
Upside Capture	-41.31	23.86
Correlation (SPY)	-13.2%	8.6%

TR Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.07	-0.46	-0.38	0.02	0.12	0.22
Up Beta	-1.54	-2.53	-2.12	-0.88	0.10	0.17
Down Beta	0.83	0.41	0.45	0.12	0.07	0.14
Up Capture	112%	-53%	-33%	26%	16%	7%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	11	20	36	75	144	387
Down Capture	-10%	-5%	-26%	21%	11%	59%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	22	27	51	105	357

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of TR With Other Asset Classes (Last 1Y)
	TR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	18.5%	-2.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	27.2%	13.9%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	0.60	-0.45	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		47.2%	8.6%	8.1%	0.6%	34.6%	1.4%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of TR With Other Asset Classes (Last 5Y)
	TR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.6%	5.9%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	28.4%	13.0%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.28	0.26	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		38.3%	15.6%	5.4%	2.6%	26.5%	5.3%

Based On 10-Year Data

		Comparison of TR With Other Asset Classes (Last 10Y)
	TR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	4.1%	7.5%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	25.2%	14.7%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.18	0.38	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		42.3%	23.9%	3.1%	4.9%	29.8%	4.6%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	2,383,197
Short Interest: % Change Since 10312025	-1.7%
Average Daily Volume	167,743
Days-to-Cover Short Interest	14.21
Basic Shares Quantity	72,879,000
Short % of Basic Shares	3.3%

Returns Analyses

	Title
0	How Low Can Tootsie Roll Industries Stock Really Go?
1	Tootsie Roll Industries Stock Return Comparison
2	[10/2/2021] Tootsie Roll Industries (TR) Stock Price Forecast: AI Forecasts TR Stock Price To Be Around $30.6 In A Month (Up 0.08%)
3	Tootsie Roll Industries Total Shareholder Return (TSR): 18.5% in 2022 and 9.8% 3-yr returns (above peer average)
4	Tootsie Roll Industries (TR) Stock Return: AI Predicts TR Average and Excess Return After a Fall or Rise

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11072025	10-Q 9/30/2025
6302025	8082025	10-Q 6/30/2025
3312025	5092025	10-Q 3/31/2025
12312024	2282025	10-K 12/31/2024
9302024	11082024	10-Q 9/30/2024
6302024	8082024	10-Q 6/30/2024
3312024	5092024	10-Q 3/31/2024
12312023	2292024	10-K 12/31/2023
9302023	11082023	10-Q 9/30/2023
6302023	8082023	10-Q 6/30/2023
3312023	5102023	10-Q 3/31/2023
12312022	3012023	10-K 12/31/2022
9302022	11082022	10-Q 9/30/2022
6302022	8052022	10-Q 6/30/2022
3312022	5102022	10-Q 3/31/2022
12312021	3012022	10-K 12/31/2021

Industry Resources

Packaged Foods & Meats Resources

USDA Data

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Tootsie Roll Industries (TR)

Market Price (12/4/2025): $37.565 | Market Cap: $2.7 BilSector: Consumer Staples | Industry: Packaged Foods & Meats

Tootsie Roll Industries (TR)

Market Price (12/4/2025): $37.565Market Cap: $2.7 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats

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Market Price (12/4/2025): $37.565 | Market Cap: $2.7 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

Market Price (12/4/2025): $37.565
Market Cap: $2.7 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats