Tootsie Roll Industries (TR)
Market Price (11/11/2026): $38.98 | Market Cap: $2.9 BilSector: Consumer Staples | Industry: Packaged Foods & Meats
Tootsie Roll Industries (TR)
Market Price (11/11/2026): $38.98Market Cap: $2.9 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption. Themes include Online Grocery Platforms, Direct-to-Consumer Brands (Staples), and Supply Chain Digitization. | Weak multi-year price returns3Y Excs Rtn is -30% Meaningful short interestShort 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 11.26 | Expensive valuation multiplesP/SPrice/Sales ratio is 4.0x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 30x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3%, Rev Chg QQuarterly Revenue Change % is -1.6% Key risksTR key risks include [1] consumer resistance to its price increases adversely affecting sales volume and [2] a significant dependence on a concentrated base of large retail customers. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption. Themes include Online Grocery Platforms, Direct-to-Consumer Brands (Staples), and Supply Chain Digitization. |
| Weak multi-year price returns3Y Excs Rtn is -30% |
| Meaningful short interestShort 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 11.26 |
| Expensive valuation multiplesP/SPrice/Sales ratio is 4.0x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 30x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3%, Rev Chg QQuarterly Revenue Change % is -1.6% |
| Key risksTR key risks include [1] consumer resistance to its price increases adversely affecting sales volume and [2] a significant dependence on a concentrated base of large retail customers. |
Qualitative Assessment
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Oct 23: down 6.5% the day after its Oct 22 earnings report (S&P 500 down 0.5%)
The stock fell after its Q3 2026 earnings report showed declines in revenue, net income, and diluted EPS compared to a year earlier.
Up 13.3% from its Oct 26 low to Nov 9 (S&P 500 down 1.7%)
The stock gained without specific company news driving the overall run, moving against a declining market. The largest rises occurred on Nov 2 and Oct 28, both without company news.
Oct 23: down 6.5% the day after its Oct 22 earnings report (S&P 500 down 0.5%)
The stock fell after its Q3 2026 earnings report showed declines in revenue, net income, and diluted EPS compared to a year earlier.
Up 13.3% from its Oct 26 low to Nov 9 (S&P 500 down 1.7%)
The stock gained without specific company news driving the overall run, moving against a declining market. The largest rises occurred on Nov 2 and Oct 28, both without company news.
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Stock Movement Drivers
Fundamental Drivers
The 0.1% change in TR stock from 7/31/2026 to 11/10/2026 was primarily driven by a 19.7% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11102026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.93 | 38.96 | 0.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 736 | 731 | -0.6% |
| Net Income Margin (%) | 13.5% | 11.4% | -16.2% |
| P/E Multiple | 29.3 | 35.1 | 19.7% |
| Shares Outstanding (Mil) | 75 | 75 | 0.3% |
| Cumulative Contribution | 0.1% |
Market Drivers
7/31/2026 to 11/10/2026| Return | Correlation | |
|---|---|---|
| TR | 0.1% | |
| Market (SPY) | 0.4% | -3.1% |
| Sector (XLP) | 7.0% | 55.1% |
Fundamental Drivers
The -7.3% change in TR stock from 4/30/2026 to 11/10/2026 was primarily driven by a -16.9% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 11102026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.02 | 38.96 | -7.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 733 | 731 | -0.2% |
| Net Income Margin (%) | 13.7% | 11.4% | -16.9% |
| P/E Multiple | 31.5 | 35.1 | 11.3% |
| Shares Outstanding (Mil) | 75 | 75 | 0.4% |
| Cumulative Contribution | -7.3% |
Market Drivers
4/30/2026 to 11/10/2026| Return | Correlation | |
|---|---|---|
| TR | -7.3% | |
| Market (SPY) | 4.6% | -13.8% |
| Sector (XLP) | 8.7% | 56.1% |
Fundamental Drivers
The 14.8% change in TR stock from 10/31/2025 to 11/10/2026 was primarily driven by a 25.3% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 11102026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.94 | 38.96 | 14.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 723 | 731 | 1.1% |
| Net Income Margin (%) | 12.6% | 11.4% | -9.8% |
| P/E Multiple | 28.0 | 35.1 | 25.3% |
| Shares Outstanding (Mil) | 75 | 75 | 0.3% |
| Cumulative Contribution | 14.8% |
Market Drivers
10/31/2025 to 11/10/2026| Return | Correlation | |
|---|---|---|
| TR | 14.8% | |
| Market (SPY) | 10.9% | -9.0% |
| Sector (XLP) | 21.8% | 52.9% |
Fundamental Drivers
The 41.2% change in TR stock from 10/31/2023 to 11/10/2026 was primarily driven by a 33.0% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11102026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.59 | 38.96 | 41.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 725 | 731 | 0.8% |
| Net Income Margin (%) | 11.0% | 11.4% | 2.9% |
| P/E Multiple | 26.4 | 35.1 | 33.0% |
| Shares Outstanding (Mil) | 77 | 75 | 2.3% |
| Cumulative Contribution | 41.2% |
Market Drivers
10/31/2023 to 11/10/2026| Return | Correlation | |
|---|---|---|
| TR | 41.2% | |
| Market (SPY) | 85.5% | 5.2% |
| Sector (XLP) | 44.6% | 46.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TR Return | 27% | 22% | -19% | 1% | 18% | 10% | 66% |
| Peers Return | 23% | -1% | -2% | -15% | -18% | 2% | -15% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| TR Win Rate | 50% | 50% | 42% | 42% | 58% | 55% | |
| Peers Win Rate | 52% | 42% | 50% | 43% | 40% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| TR Max Drawdown | -30% | -15% | -36% | -18% | -20% | -23% | |
| Peers Max Drawdown | -26% | -24% | -29% | -31% | -38% | -38% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HSY, MDLZ, UTZ, JJSF, RMCF. 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] 2026 data is for the year up to 11/10/2026 (YTD)
How Low Can It Go
| Event | TR | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.5% | -9.5% |
| % Gain to Breakeven | 15.6% | 10.5% |
| Time to Breakeven | 28 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -24.5% | -6.7% |
| % Gain to Breakeven | 32.5% | 7.1% |
| Time to Breakeven | 779 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -10.4% | -24.5% |
| % Gain to Breakeven | 11.6% | 32.4% |
| Time to Breakeven | 39 days | 427 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -20.7% | -17.9% |
| % Gain to Breakeven | 26.1% | 21.8% |
| Time to Breakeven | 522 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -14.7% | -15.4% |
| % Gain to Breakeven | 17.3% | 18.2% |
| Time to Breakeven | 160 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -25.4% | -53.4% |
| % Gain to Breakeven | 34.1% | 114.4% |
| Time to Breakeven | 259 days | 1085 days |
In The Past
Tootsie Roll Industries's stock fell -1.9% during the 2025 US Tariff Shock. Such a loss loss requires a 2.0% gain to breakeven.
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Asset Allocation
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| Event | TR | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -24.5% | -6.7% |
| % Gain to Breakeven | 32.5% | 7.1% |
| Time to Breakeven | 779 days | 31 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -20.7% | -17.9% |
| % Gain to Breakeven | 26.1% | 21.8% |
| Time to Breakeven | 522 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -25.4% | -53.4% |
| % Gain to Breakeven | 34.1% | 114.4% |
| Time to Breakeven | 259 days | 1085 days |
In The Past
Tootsie Roll Industries's stock fell -1.9% during the 2025 US Tariff Shock. Such a loss loss requires a 2.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Tootsie Roll Industries (TR)
Tootsie Roll Industries, Inc. (TR) is a well-established confectionery company with a long history, founded in 1896. The company specializes in the manufacturing and sale of a wide range of candy and sweet products, operating across the United States, Canada, Mexico, and various international markets.
The company boasts an extensive portfolio of popular and recognizable brands, making it a prominent player in the candy industry. Its key products include classic items like Tootsie Roll, Tootsie Pops, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes Mints, and Dubble Bubble gum. Other notable brands include Charms Blow Pops, Caramel Apple Pops, Cella's, Dots, Razzles, and Cry Baby, covering a diverse array of chewy candies, lollipops, mints, and gums.
Tootsie Roll Industries serves a broad customer base through multiple distribution channels. Its products are sold directly to wholesale distributors of candy, food, and groceries, as well as major retailers such as supermarkets, variety stores, dollar stores, drug chains, and mass merchandisers. The company also supplies warehouse and membership clubs, vending machine operators, e-commerce merchants, the United States military, and fund-raising organizations, often utilizing food and grocery brokers to reach these diverse markets effectively.
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- The General Mills of classic American candy.
- A Hershey's for lollipops and chewy confections.
- Like a niche Mondelez International, focused purely on iconic American candies and sweets.
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- Tootsie Roll: A classic chewy candy.
- Tootsie Pops: Lollipops with a chewy Tootsie Roll center.
- Child's Play: An assortment of miniature Tootsie Roll candies.
- Caramel Apple Pops: Lollipops flavored like caramel apples.
- Charms: Hard candies, often fruit-flavored.
- Blow-Pop: Lollipops with a bubble gum center.
- Charms Mini Pops: Smaller versions of Charms lollipops.
- Cella's: Chocolate-covered cherries.
- Dots: Gumdrop-style candies.
- Junior Mints: Small, round peppermint patties covered in dark chocolate.
- Charleston Chew: A nougat bar covered in chocolate.
- Sugar Daddy: A caramel lollipop.
- Sugar Babies: Small, chewy caramel candies.
- Andes: Thin mint chocolate candies.
- Fluffy Stuff: Cotton candy.
- Dubble Bubble: Classic bubble gum.
- Razzles: Candies that turn into gum as you chew them.
- Cry Baby: Sour candies.
- NIK-L-NIP: Wax bottles filled with sweet flavored syrup.
- Tutsi Pop: (Likely a regional or alternative spelling of Tootsie Pop) Lollipops with a chewy Tootsie Roll center.
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Tootsie Roll Industries (symbol: TR) sells primarily to other companies and organizations, which then distribute or sell the confectionery products to end-consumers.
Based on the provided information, its major customers are categorized as:
- 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
- Fund-raising charitable organizations
- Food and grocery brokers (who act as intermediaries)
The provided background description does not list the specific names of these customer companies or their corresponding public symbols.
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Ellen R. Gordon, Chairman of the Board and Chief Executive Officer
Ellen R. Gordon has served as a director of Tootsie Roll Industries, Inc. since 1969, served as President and Chief Operating Officer since 1978, and became Chairman and CEO in January 2015. She is also a Director and Vice-President of HDI Investment Corp. She has served on the boards of several nationally recognized graduate business and medical schools, and previously served on the board of a large public company where she chaired its audit committee.
G. Howard Ember Jr., Chief Financial Officer and Vice President of Finance, Principal Financial Officer and Principal Accounting Officer
G. Howard Ember Jr. serves as the Chief Financial Officer and Vice President of Finance, Principal Financial Officer and Principal Accounting Officer for Tootsie Roll Industries.
Thomas E. Corr, Vice President of Marketing & Sales
Thomas E. Corr serves as the Vice President of Marketing & Sales at Tootsie Roll Industries, Inc.
Stephen P. Green, Vice President of Manufacturing
Stephen P. Green serves as the Vice President of Manufacturing of Tootsie Roll Industries.
Barry P. Bowen, Treasurer and Assistant Secretary
Barry P. Bowen serves as the Treasurer and Assistant Secretary for Tootsie Roll Industries Inc.
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The key risks to Tootsie Roll Industries (TR) include volatility in ingredient and raw material prices, significant customer concentration, and intense market competition coupled with changing consumer preferences.
- Input Cost Volatility and Inflation: Tootsie Roll Industries faces risks from fluctuating prices of principal ingredients such as edible oils, sugar, cocoa, and chocolate, as well as packaging materials, operating supplies, services, wages, and benefits. The company may not be able to offset these price increases, which could negatively impact its results of operations and financial condition.
- Customer Concentration Risk: The company's financial performance is significantly influenced by a few major customers. Specifically, Walmart, Dollar Tree (including Family Dollar), and McLane Company collectively account for a substantial portion of Tootsie Roll's net product sales. The loss of any of these key customers could have a material adverse effect on the business.
- Intense Market Competition and Changing Consumer Preferences: The domestic confectionery business is highly competitive, requiring Tootsie Roll Industries to continuously innovate and effectively market its products to maintain its competitive position. The company must contend with other established manufacturers that leverage strong brand recognition and extensive retail presence. Changing consumer preferences also pose a challenge, as the company needs to adapt its offerings to meet evolving demands.
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The accelerating global consumer shift towards low-sugar, "better-for-you" snacks and alternative indulgences poses an emerging threat to traditional confectionery companies like Tootsie Roll Industries. This trend is driven by increasing health consciousness, public health campaigns against high sugar intake, and a growing market for innovative products that offer perceived healthier alternatives to satisfy cravings. As consumers increasingly opt for these newer categories of treats, the market for conventional sugary candies could face significant erosion, similar to how digital streaming services disrupted the physical media rental market.
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Tootsie Roll Industries, Inc. operates within the global confectionery market, manufacturing and selling a diverse range of chocolate and non-chocolate candy products. The addressable markets for their main products span the United States, Canada, Mexico, and international regions.
Global Market
The global confectionery market was valued at approximately USD 314.22 billion in 2024 and is projected to reach USD 443.38 billion by 2033. Another estimate places the global confectionery market size at USD 204.1 billion in 2025, with a projection to reach USD 267.4 billion by 2034.
United States Market
In the United States, the confectionery market was valued at approximately USD 42.34 billion in 2024 and is poised to grow to USD 64.57 billion by 2033. More specifically:
- Chocolate sales in the U.S. are expected to rise to USD 38 billion by 2029.
- Non-chocolate candy sales in the U.S. are projected to reach USD 27 billion by 2029. The standalone U.S. non-chocolate candy market was valued at USD 35.24 billion in 2025 and is expected to increase to USD 46.38 billion by 2032.
Canada Market
The Canadian confectionery market recorded revenues of approximately USD 4.35 billion in 2024. Another source indicates the market size reached USD 3.96 billion in 2024 and is projected to reach USD 5.39 billion by 2033. The confectionery market in Canada was valued at CAD 5.2 billion (approximately USD 3.8 billion) in 2023, with an anticipated annual growth rate of 3.7%.
Mexico Market
The Mexican confectionery market generated revenues of approximately USD 6.34 billion in 2024. Another report states the Mexico confectionery market size was USD 3.95 billion in 2025, with a projection to reach USD 5.68 billion by 2035. The Mexico candy market was valued at USD 1.81 billion in 2025 and is projected to reach USD 2.66 billion by 2034.
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Tootsie Roll Industries (TR) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Strategic Price Increases: The company has been implementing strategic price increases to offset rising input costs, particularly for ingredients like cocoa, and aims to enhance gross profit margins. This strategy is anticipated to contribute to overall revenue growth, although consumer resistance to higher prices has been noted as a challenge.
- Effective Marketing and Sales Programs: Tootsie Roll Industries attributes recent sales growth to successful marketing and sales programs, including specific initiatives such as pre-Halloween campaigns. Continued investment in and execution of these programs are expected to drive higher sales volumes.
- Expansion of International Sales: A key growth strategy involves expanding international sales beyond their current contribution to revenue. The company aims to capitalize on the projected growth of the global confectionery market outside North America.
- Investments in Manufacturing Capacity and Operational Efficiency: Ongoing investments are being made to expand manufacturing capacity and improve operational efficiencies. These improvements are intended to meet demand, enhance product quality, and streamline production, thereby supporting higher sales volumes and overall revenue generation.
- Product Innovation and Diversification: Tootsie Roll Industries is focused on product innovation to align with evolving consumer preferences and is exploring new distribution channels and product diversification. While specific new product launches are not extensively detailed, this commitment to innovation can attract new customers and increase sales of existing and new offerings.
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Share Repurchases
- Tootsie Roll Industries repurchased and retired $13.5 million of its outstanding shares in 2024.
- Share repurchases amounted to $33.11 million in 2023.
- The company repurchased $31.91 million in shares in 2022.
Share Issuance
- A 3% stock dividend was distributed in 2024, marking the 60th consecutive annual stock dividend.
Capital Expenditures
- Capital expenditures were $18.4 million in 2024, $26.8 million in 2023, and $23.36 million in 2022.
- The company is investing in plant expansions to meet higher demand for certain products, with plans to invest approximately $100 million over the next seven years.
- These capital expenditures are focused on new machinery, equipment, and infrastructure improvements to increase operational efficiencies and product quality, as well as to meet evolving customer and consumer demands.
Peer Outperformance in Packaged Foods & Meats
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Consumer Staples Merchandise Retail | 12 | 23.6% | 61.6% | 62.4% | WMT 170% · PSMT 131% · COST 123% |
| Food Retail | 6 | 19.5% | 67.1% | 37.0% | CASY 259% · SFM 103% · KR 80% |
| Food Distributors | 8 | 7.6% | 29.5% | 33.9% | USFD 208% · CHEF 206% · PFGC 129% |
| Tobacco | 6 | -29.9% | -8.9% | 32.9% | PM 159% · MO 150% |
| Soft Drinks & Non-alcoholic Beverages | 13 | 25.2% | -4.1% | 19.5% | COCO 377% · COKE 368% · CCHGY 107% |
| Brewers | 3 | 9.4% | -24.5% | 2.5% | BUD 54% · TAP 2% · SAM -53% |
| Personal Care Products | 4 | 25.2% | 12.5% | -14.0% | ELF 285% · PG 31% · COTY -59% |
| Household Products | 19 | 30.9% | 3.7% | -14.3% | IPAR 66% · CL 41% · CHD 31% |
| Agricultural Products & Services | 11 | -17.2% | -9.6% | -34.0% | BG 23% · ADM 22% · INGR 5% |
| Packaged Foods & Meats ← | 47 | -24.3% | -30.8% | -36.0% | CALM 138% · TR 47% · SJM 24% |
| Distillers & Vintners | 5 | -26.1% | -55.5% | -72.4% | STZ -28% · BF-B -52% |
| Drug Retail | 3 | -68.0% | -83.1% | -95.4% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 52.75 |
| Mkt Cap | 2.3 |
| Rev LTM | 1,485 |
| Op Inc LTM | 87 |
| FCF LTM | 73 |
| FCF 3Y Avg | 87 |
| CFO LTM | 132 |
| CFO 3Y Avg | 142 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.3% |
| Rev Chg 3Y Avg | 0.2% |
| Rev Chg Q | -1.9% |
| QoQ Delta Rev Chg LTM | -0.5% |
| Op Inc Chg LTM | -16.7% |
| Op Inc Chg 3Y Avg | -1.3% |
| Op Mgn LTM | 8.6% |
| Op Mgn 3Y Avg | 9.7% |
| QoQ Delta Op Mgn LTM | -0.6% |
| CFO/Rev LTM | 11.7% |
| CFO/Rev 3Y Avg | 11.3% |
| FCF/Rev LTM | 6.7% |
| FCF/Rev 3Y Avg | 7.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.3 |
| P/S | 1.6 |
| P/Op Inc | 14.3 |
| P/EBIT | 14.1 |
| P/E | 20.2 |
| P/CFO | 15.3 |
| Total Yield | 5.2% |
| Dividend Yield | 2.4% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Price Behavior
| Market Price | $38.96 | |
| Market Cap ($ Bil) | 2.9 | |
| First Trading Date | 12/30/1987 | |
| Distance from 52W High | -12.6% | |
| 50 Days | 200 Days | |
| DMA Price | $37.73 | $39.44 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 3.3% | -1.2% |
| 3M | 1YR | |
| Volatility | 24.9% | 24.9% |
| Downside Capture | -11.01 | -21.15 |
| Upside Capture | -29.84 | -9.32 |
| Correlation (S&P 500) | -7.3% | -9.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.52 | -0.38 | -0.25 | -0.43 | -0.22 | 0.08 |
| Up Beta | -2.29 | -1.22 | -0.47 | -0.45 | -0.28 | 0.08 |
| Down Beta | -0.84 | -0.70 | -0.52 | -0.05 | -0.20 | 0.11 |
| Up Capture | -45% | -49% | -22% | -49% | -8% | 3% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 10 | 17 | 28 | 58 | 123 | 396 |
| Down Capture | -17% | 32% | 7% | -52% | -44% | 5% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 11 | 25 | 35 | 67 | 125 | 351 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TR | |
|---|---|---|---|---|
| TR | 7.6% | 24.9% | 0.24 | - |
| Sector ETF (XLP) | 21.2% | 15.7% | 1.01 | 54.5% |
| Equity (SPY) | 12.7% | 13.7% | 0.62 | -9.6% |
| Gold (GLD) | 0.3% | 28.9% | 0.00 | -3.3% |
| Commodities (DBC) | 34.5% | 21.3% | 1.28 | -20.2% |
| Real Estate (VNQ) | 11.7% | 14.2% | 0.53 | 28.4% |
| Bitcoin (BTCUSD) | -27.7% | 43.5% | -0.63 | -11.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TR | |
|---|---|---|---|---|
| TR | 8.0% | 25.3% | 0.28 | - |
| Sector ETF (XLP) | 7.5% | 14.0% | 0.31 | 48.3% |
| Equity (SPY) | 11.6% | 17.3% | 0.50 | 17.9% |
| Gold (GLD) | 17.2% | 19.1% | 0.72 | 2.7% |
| Commodities (DBC) | 7.4% | 19.6% | 0.26 | -2.7% |
| Real Estate (VNQ) | 1.4% | 18.9% | -0.04 | 32.7% |
| Bitcoin (BTCUSD) | 3.4% | 51.5% | 0.25 | 5.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TR | |
|---|---|---|---|---|
| TR | 3.8% | 25.6% | 0.16 | - |
| Sector ETF (XLP) | 8.4% | 15.0% | 0.42 | 42.6% |
| Equity (SPY) | 15.2% | 18.0% | 0.71 | 20.3% |
| Gold (GLD) | 11.7% | 16.6% | 0.58 | 2.0% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 1.9% |
| Real Estate (VNQ) | 5.9% | 20.7% | 0.24 | 28.9% |
| Bitcoin (BTCUSD) | 59.5% | 66.3% | 0.99 | 2.9% |
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Returns Analyses
Earnings Returns History
Updated 11/1/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/22/2026 | 2.2% | -1.9% | |
| 7/23/2026 | -3.8% | 0.4% | 5.7% |
| 4/23/2026 | 1.8% | 1.0% | -3.1% |
| 2/12/2026 | 2.0% | 0.8% | 6.3% |
| 10/23/2025 | -6.8% | -16.0% | -7.7% |
| 7/24/2025 | 1.8% | -0.9% | 0.3% |
| 4/24/2025 | -2.1% | -1.6% | 3.4% |
| 2/13/2025 | -0.9% | 3.9% | 4.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 14 | 13 |
| # Negative | 11 | 11 | 11 |
| Median Positive | 1.9% | 3.3% | 5.7% |
| Median Negative | -0.9% | -1.9% | -3.4% |
| Max Positive | 3.3% | 5.9% | 17.1% |
| Max Negative | -6.8% | -16.0% | -12.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/22/2026 | 2.2% | -1.9% | |
| 7/23/2026 | -3.8% | 0.4% | 5.7% |
| 4/23/2026 | 1.8% | 1.0% | -3.1% |
| 2/12/2026 | 2.0% | 0.8% | 6.3% |
| 10/23/2025 | -6.8% | -16.0% | -7.7% |
| 7/24/2025 | 1.8% | -0.9% | 0.3% |
| 4/24/2025 | -2.1% | -1.6% | 3.4% |
| 2/13/2025 | -0.9% | 3.9% | 4.9% |
| 10/24/2024 | 0.8% | -0.1% | 10.7% |
| 7/25/2024 | 3.2% | 4.3% | -3.4% |
| 4/25/2024 | -0.4% | -1.9% | -0.1% |
| 2/20/2024 | -0.5% | -1.5% | 3.7% |
| 10/26/2023 | 3.3% | 5.5% | 16.5% |
| 7/26/2023 | 1.4% | 2.5% | -4.3% |
| 4/26/2023 | -5.0% | -12.7% | -12.8% |
| 2/15/2023 | -0.7% | 0.8% | 4.4% |
| 10/27/2022 | -0.7% | -0.7% | 11.2% |
| 7/27/2022 | 1.7% | 4.9% | 5.8% |
| 4/27/2022 | 0.6% | -3.0% | -5.5% |
| 2/15/2022 | 0.6% | 1.7% | 4.6% |
| 10/28/2021 | -0.7% | 4.3% | -0.6% |
| 7/22/2021 | 2.5% | 4.3% | -4.7% |
| 4/22/2021 | -1.1% | -3.9% | -2.8% |
| 2/17/2021 | 2.5% | 5.9% | 17.1% |
| 11/12/2020 | 2.3% | 2.6% | -1.5% |
| SUMMARY STATS | |||
| # Positive | 14 | 14 | 13 |
| # Negative | 11 | 11 | 11 |
| Median Positive | 1.9% | 3.3% | 5.7% |
| Median Negative | -0.9% | -1.9% | -3.4% |
| Max Positive | 3.3% | 5.9% | 17.1% |
| Max Negative | -6.8% | -16.0% | -12.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/06/2026 | 10-Q |
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/06/2026 | 10-Q |
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 03/01/2021 | 10-K |
| 09/30/2020 | 11/13/2020 | 10-Q |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
Investor Activity (13F)
Updated Nov 11, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Consumer Staples Resources |
| FoodNavigator |
| Consumer Goods Technology (CGT) |
| Beverage Digest |
| Packaged Foods & Meats Resources |
| USDA Data |
| Food Processing |
| Meat+Poultry |
| Just Food |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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