Tearsheet

Tootsie Roll Industries (TR)

Market Price (12/27/2025): $37.46 | Market Cap: $2.7 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

Tootsie Roll Industries (TR)

Market Price (12/27/2025): $37.46
Market Cap: $2.7 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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 -22%, 3Y Excs Rtn is -84%	Significant 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 22.01
1	Low stock price volatility Vol 12M is 27%		Key risks TR 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.
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 -22%, 3Y Excs Rtn is -84%
4	Significant 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 22.01
5	Key risks TR 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.

Valuation, Metrics & Events

	12/27/25	2024	2023	2022	2021
Share Price CYE	$37.46	$31.08	$30.66	$37.74	$30.87
Market Cap CYE ($ 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	3.7	3.3	3.2	4.7	4.7
P/EBIT TTM	20.5	18.6	20.5	32.6	31.1
P/E TTM	29.1	27.4	26.8	42.1	40.8
P/FCF TTM	27.3	19.6	36.3	65.7	49.5
Sector Ratios
P/S TTM (Sector)	0.8	1.0	1.0	0.9	1.6
P/EBIT TTM (Sector)	8.6	9.8	10.9	10.9	12.7
P/E TTM (Sector)	12.7	14.2	16.0	14.5	16.4
P/FCF TTM (Sector)	11.4	14.5	12.2	12.0	14.0

	12/27/25	2024	2023
Share Price CYE	$37.46	$31.08	$30.66
Market Cap CYE ($ 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	3.7	3.3	3.2
P/EBIT TTM	20.5	18.6	20.5
P/E TTM	29.1	27.4	26.8
P/FCF TTM	27.3	19.6	36.3
Sector Ratios
P/S TTM (Sector)	0.8	1.0	1.0
P/EBIT TTM (Sector)	8.6	9.8	10.9
P/E TTM (Sector)	12.7	14.2	16.0
P/FCF TTM (Sector)	11.4	14.5	12.2

	TR	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	0.7
Rev Chg Q	3.0%	7.3%
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%	20.4%
Net Inc Mgn	12.9%	13.1%
VALUATION	HIGH
P/S	3.7	3.3
P/CFO	21.7	15.8
P/FCF	27.3	20.7
P/E	29.1	23.7
STABILITY	GOOD
Debt/Equity	0.01	0.21
Cash/Assets	0.10	0.07

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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

Recent
12/24/2025	Dividend	Amount: $0.09 Payment On: 1/08/2026
Upcoming
2/11/2026	Earnings Release	Rev: - EPS: -
4/21/2026	Earnings Release	Rev: - EPS: -

TR Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are the key points for why Tootsie Roll Industries (TR) stock moved by -6.4% from August 31, 2025, to December 27, 2025:

1. Rising Input Costs and Expected Margin Pressure

Tootsie Roll Industries continued to face challenges from significantly elevated input costs, particularly for cocoa and chocolate, which were expected to adversely affect gross margins in the second half of 2025 and into 2026. The company had previously noted these persistent input cost inflations as a looming risk in its Q2 2025 earnings commentary.

2. Stock Price Technical Downturn

The stock price for Tootsie Roll Industries passed below its 200-day moving average on December 19, 2025, suggesting a negative technical trend.

3. Cautious Outlook Amidst Q3 Performance

Despite reporting a 3% increase in net sales to $230.6 million and a 9% increase in earnings per share to $0.49 for the third quarter of 2025 (released October 23, 2025), the company’s performance was achieved through strategic price increases and cost reductions. Management remained cautiously optimistic about navigating ongoing challenges, implying continued headwinds despite the positive quarterly numbers.

4. Neutral Analyst Sentiment

Wall Street analysts maintained a consensus "Hold" rating for Tootsie Roll Industries, indicating a lack of strong positive catalysts or recommendations for buying additional shares, which can contribute to a lack of upward momentum in the stock.

5. Broader Confectionery Industry Headwinds

The wider confectionery industry in 2025 was navigating challenges such as inflationary pressures, higher prices, and evolving consumer preferences towards health-conscious options, including low-sugar, high-protein, and plant-based treats. These industry-wide pressures could indirectly impact the sentiment around traditional candy makers like Tootsie Roll.

Stock Movement Drivers

Fundamental Drivers

The -8.5% change in TR stock from 9/26/2025 to 12/26/2025 was primarily driven by a -11.2% change in the company's P/E Multiple.

	9262025	12262025	Change
Stock Price ($)	40.94	37.47	-8.47%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	722.85	729.62	0.94%
Net Income Margin (%)	12.58%	12.85%	2.14%
P/E Multiple	32.80	29.12	-11.21%
Shares Outstanding (Mil)	72.88	72.88	0.00%
Cumulative Contribution			-8.47%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025

	Return	Correlation
TR	-8.5%
Market (SPY)	4.3%	-13.2%
Sector (XLP)	0.3%	25.0%

Fundamental Drivers

The 12.6% change in TR stock from 6/27/2025 to 12/26/2025 was primarily driven by a 6.8% change in the company's P/E Multiple.

	6272025	12262025	Change
Stock Price ($)	33.27	37.47	12.62%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	718.50	729.62	1.55%
Net Income Margin (%)	12.39%	12.85%	3.69%
P/E Multiple	27.26	29.12	6.84%
Shares Outstanding (Mil)	72.96	72.88	0.11%
Cumulative Contribution			12.62%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025

	Return	Correlation
TR	12.6%
Market (SPY)	12.6%	3.6%
Sector (XLP)	-2.2%	37.2%

Fundamental Drivers

The 19.2% change in TR stock from 12/26/2024 to 12/26/2025 was primarily driven by a 18.1% change in the company's P/E Multiple.

	12262024	12262025	Change
Stock Price ($)	31.43	37.47	19.21%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	727.12	729.62	0.34%
Net Income Margin (%)	12.89%	12.85%	-0.29%
P/E Multiple	24.65	29.12	18.14%
Shares Outstanding (Mil)	73.50	72.88	0.84%
Cumulative Contribution			19.20%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025

	Return	Correlation
TR	19.2%
Market (SPY)	15.8%	8.1%
Sector (XLP)	0.0%	47.4%

Fundamental Drivers

The -2.0% change in TR stock from 12/27/2022 to 12/26/2025 was primarily driven by a -28.5% change in the company's P/E Multiple.

	12272022	12262025	Change
Stock Price ($)	38.25	37.47	-2.03%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	665.17	729.62	9.69%
Net Income Margin (%)	10.62%	12.85%	21.04%
P/E Multiple	40.74	29.12	-28.52%
Shares Outstanding (Mil)	75.23	72.88	3.13%
Cumulative Contribution			-2.12%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025

	Return	Correlation
TR	23.7%
Market (SPY)	48.0%	9.9%
Sector (XLP)	14.1%	42.2%

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	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
TR Win Rate	33%	50%	50%	42%	42%	58%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
TR Max Drawdown	-14%	-0%	-10%	-29%	-13%	-6%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. 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 12/26/2025 (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	1,000 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	1,562 days	1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

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)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

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.

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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.

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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.

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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.

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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.

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The key risks to Tootsie Roll Industries (TR) primarily revolve around escalating production costs, consumer sensitivity to pricing, and its reliance on a few major retail partners.

Rising Input Commodity Costs and Tariffs
Tootsie Roll Industries faces significant financial exposure to the volatility of commodity prices, especially for key ingredients like cocoa, sugar, and edible oils. Recent reports indicate astronomical increases in cocoa and chocolate costs, with expectations for these elevated prices to persist and even rise further into 2026. This inflation in raw material expenses directly impacts the company's profitability and gross margins. Additionally, tariffs on internationally sourced commodities, such as cacao, contribute to higher input costs and introduce uncertainty.
Consumer Resistance to Price Increases and Competitive Landscape
The company has encountered consumer resistance to recent price increases implemented to offset rising operational costs, leading to an adverse effect on sales volume. The confectionery industry is highly competitive, with numerous players vying for market share. To maintain its position, Tootsie Roll Industries must continuously innovate and engage in effective marketing strategies, as competitors and changing consumer habits (including a focus on healthier eating) can impact demand for its products.
Dependence on Large Customers
Tootsie Roll Industries is significantly dependent on a concentrated customer base. Its largest customers, including McLane Company, Walmart, and Dollar Tree, collectively accounted for approximately 37% of net product sales in 2024. The potential loss of any of these major customers, or a substantial reduction in their purchasing volumes, could materially and adversely impact the company's sales, results of operations, and overall financial condition.

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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.

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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:

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.

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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)

INDUSTRY: Packaged Foods & Meats

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Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TR: 3.4% | 25.7x)

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Campbell's

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Post

Higher Rev Chg LTM (Value for TR: 0.3%)

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TSN (2.1%)

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MKC (1.6%)

McCormick

HRL (1.6%)

Hormel Foods

Higher Rev Chg 3Y Avg (Value for TR: 3.4%)

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Lamb Weston

POST (11.9%)

Post

MDLZ (7.5%)

Mondelez International

HSY (5.2%)

Hershey

CPB (4.5%)

Campbell's

Higher Op Mgn LTM (Value for TR: 14.6%)

KHC (19.5%)

Kraft Heinz

HSY (19.1%)

Hershey

MKC (16.0%)

McCormick

GIS (15.5%)

General Mills

K (14.7%)

Kellanova

Higher CFO/Rev LTM (Value for TR: 17.3%)

CALM (31.5%)

Cal-Maine Foods

MEHA (22.6%)

Functional Brands

HSY (19.0%)

Hershey

SENEA (18.2%)

Seneca Foods

KHC (17.8%)

Kraft Heinz

Higher FCF/Rev LTM (Value for TR: 13.7%)

CALM (27.6%)

Cal-Maine Foods

MEHA (22.6%)

Functional Brands

SENEA (15.8%)

Seneca Foods

KHC (14.4%)

Kraft Heinz

HSY (14.0%)

Hershey

Higher Total Yield (Value for TR: 4.4%)

GIS (15.3%)

General Mills

MDLZ (8.5%)

Mondelez International

K (7.3%)

Kellanova

HSY (7.0%)

Hershey

MKC (6.8%)

McCormick

SECTOR: Consumer Staples

Higher Rev Chg 3Y Avg | Lower P/S (Values for TR: 3.4% | 3.7x)

WMT (5.4% | 1.3x)

Walmart

COST (6.7% | 1.4x)

Costco Wholesale

PEP (3.4% | 2.1x)

PepsiCo

MDLZ (7.5% | 1.9x)

Mondelez International

CL (4.2% | 3.2x)

Colgate-Palmolive

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TR: 3.4% | 25.7x)

KO (4.0% | 20.2x)

Coca-Cola

PM (8.0% | 16.9x)

Philip Morris International

PEP (3.4% | 16.1x)

PepsiCo

MDLZ (7.5% | 16.3x)

Mondelez International

CL (4.2% | 14.9x)

Colgate-Palmolive

Higher Rev Chg LTM (Value for TR: 0.3%)

COST (8.3%)

Costco Wholesale

PM (7.5%)

Philip Morris International

WMT (4.3%)

Walmart

KO (2.8%)

Coca-Cola

PG (1.2%)

Procter & Gamble

Higher Rev Chg 3Y Avg (Value for TR: 3.4%)

PM (8.0%)

Philip Morris International

COST (6.7%)

Costco Wholesale

WMT (5.4%)

Walmart

KO (4.0%)

Coca-Cola

PEP (3.4%)

PepsiCo

Higher Op Mgn LTM (Value for TR: 14.6%)

MO (59.0%)

Altria

PM (37.1%)

Philip Morris International

KO (31.3%)

Coca-Cola

BUD (26.1%)

Anheuser-Busch InBev SA/NV

PG (24.1%)

Procter & Gamble

Higher CFO/Rev LTM (Value for TR: 17.3%)

MO (43.8%)

Altria

PM (28.8%)

Philip Morris International

MNST (27.3%)

Monster Beverage

PG (22.3%)

Procter & Gamble

CL (19.6%)

Colgate-Palmolive

Higher FCF/Rev LTM (Value for TR: 13.7%)

MO (43.1%)

Altria

PM (25.3%)

Philip Morris International

MNST (24.4%)

Monster Beverage

PG (17.6%)

Procter & Gamble

CL (16.9%)

Colgate-Palmolive

Higher Total Yield (Value for TR: 4.4%)

PEP (7.5%)

PepsiCo

KO (7.2%)

Coca-Cola

PM (6.8%)

Philip Morris International

PG (4.9%)

Procter & Gamble

BUD (4.8%)

Anheuser-Busch InBev SA/NV

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for TR: 3.4% | 3.7x)

AMZN (11.3% | 3.7x)

Amazon.com

BRK-B (19.8% | 2.7x)

Berkshire Hathaway

UNH (11.4% | 0.7x)

UnitedHealth

RTX (9.4% | 2.9x)

RTX

RY (10.9% | 3.6x)

Royal Bank of Canada

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TR: 3.4% | 25.7x)

META (17.3% | 20.4x)

Meta Platforms

JNJ (6.1% | 20.7x)

Johnson & Johnson

V (10.9% | 17.3x)

Visa

MU (28.3% | 23.3x)

Micron Technology

CSCO (3.7% | 23.8x)

Cisco Systems

Higher Rev Chg LTM (Value for TR: 0.3%)

NVDA (65.2%)

NVIDIA

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

AAPL (6.0%)

Apple

Higher Rev Chg 3Y Avg (Value for TR: 3.4%)

NVDA (91.6%)

NVIDIA

META (17.3%)

Meta Platforms

MSFT (13.2%)

Microsoft

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

Higher Op Mgn LTM (Value for TR: 14.6%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

META (43.2%)

Meta Platforms

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

Higher CFO/Rev LTM (Value for TR: 17.3%)

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

AMZN (18.1%)

Amazon.com

Higher FCF/Rev LTM (Value for TR: 13.7%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for TR: 4.4%)

XOM (9.2%)

Exxon Mobil

JNJ (7.5%)

Johnson & Johnson

JPM (6.4%)

JPMorgan Chase

BRK-B (6.3%)

Berkshire Hathaway

V (5.1%)

Visa

		Best Bets In Consumer Staples Sector
	TR	MO	PM	MNST	PG	STZ	CL	HSY	KO	FIZZ	COCO
What You Pay
P/E	29.1	11.0	29.1	43.7	20.2	20.0	22.2	24.4	23.1	16.2	44.0
P/EBIT	20.5	8.3	16.3	33.3	15.5	11.6	15.4	19.6	17.2	12.8	41.4
What You Get
Rev Chg Q	3.0%	0.2%	9.4%	16.8%	3.0%	-15.0%	1.0%	26.0%	5.1%	-1.0%	37.2%
Rev Chg LTM	0.3%	-0.2%	7.5%	7.6%	1.2%	-5.6%	0.1%	2.5%	2.8%	1.0%	23.1%
Rev Chg 3Y Avg	3.4%	-0.9%	8.0%	8.6%	1.8%	0.7%	4.2%	5.2%	4.0%	1.1%	13.3%
FCF/Rev 3Y Avg	11.8%	42.7%	24.9%	22.0%	18.0%	17.0%	15.4%	13.9%	13.9%	13.4%	13.1%

[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	Tootsie Roll Industries Earnings Notes
2	Tootsie Roll Industries Earnings Notes
3	Tootsie Roll Industries Earnings Notes
4	Tootsie Roll Industries Earnings Notes
5	How Low Can Tootsie Roll Industries Stock Really Go?	Return
6	Tootsie Roll Industries vs Alphabet: Which Is A Better Investment?	Counter-Intuitive Comparisons
7	Tootsie Roll Industries vs Coca-Cola: Which Is A Better Investment?	Counter-Intuitive Comparisons
8	Tootsie Roll Industries vs Mondelez International: Which Is A Better Investment?	Counter-Intuitive Comparisons
9	How Does Tootsie Roll Industries Stock Stack Up Against Its Peers?	Peer Comparison
10	Better Bet Than TR Stock: Pay Less Than Tootsie Roll Industries To Get More From GOOGL, DIS

	Title
0	ARTICLES

Trade Ideas

Select 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	-8.9%	-8.9%	-8.9%
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	-7.6%	-7.6%	-9.2%
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	13.1%	13.1%	-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	5.4%	5.4%	-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	-5.0%	-5.0%	-6.0%
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

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Tootsie Roll Industries

Peers to compare with:

Financials

	TR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Tootsie .	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	37.47	23.26	24.49	305.09	78.16	273.40	57.81
Mkt Cap	2.7	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	730	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	106	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	100	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	87	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	126	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	111	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	TR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Tootsie .	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	0.3%	3.2%	13.8%	4.5%	8.9%	6.0%	5.2%
Rev Chg 3Y Avg	3.4%	-3.9%	6.5%	2.6%	3.7%	1.8%	3.0%
Rev Chg Q	3.0%	4.2%	14.4%	9.1%	7.5%	9.6%	8.3%
QoQ Delta Rev Chg LTM	0.9%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	14.6%	6.6%	4.8%	17.7%	22.5%	31.9%	16.1%
Op Mgn 3Y Avg	13.4%	7.4%	7.2%	16.4%	24.2%	30.8%	14.9%
QoQ Delta Op Mgn LTM	-0.5%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	17.3%	6.7%	8.5%	20.6%	23.8%	26.6%	18.9%
CFO/Rev 3Y Avg	15.0%	6.8%	12.7%	21.4%	26.1%	28.4%	18.2%
FCF/Rev LTM	13.7%	5.1%	1.8%	18.1%	22.1%	23.5%	15.9%
FCF/Rev 3Y Avg	11.8%	5.5%	4.6%	18.6%	24.6%	25.6%	15.2%

Valuation

	TR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Tootsie .	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	2.7	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	3.7	0.4	1.0	4.4	5.4	10.0	4.0
P/EBIT	20.5	6.8	19.9	25.1	22.5	31.3	21.5
P/E	29.1	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	21.7	5.9	11.2	21.1	22.5	37.5	21.4
Total Yield	4.4%	14.1%	2.3%	5.0%	5.4%	2.8%	4.7%
Dividend Yield	1.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	3.5%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.0	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	-0.0	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	TR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Tootsie .	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	-3.0%	-1.8%	14.4%	0.6%	2.7%	-1.5%	-0.4%
3M Rtn	-8.5%	-11.9%	2.7%	7.9%	17.0%	7.1%	4.9%
6M Rtn	12.6%	-4.0%	34.5%	6.6%	15.2%	36.3%	13.9%
12M Rtn	19.2%	-27.3%	14.2%	39.2%	33.7%	6.0%	16.7%
3Y Rtn	-2.0%	-3.8%	67.7%	139.0%	79.5%	113.4%	73.6%
1M Excs Rtn	-6.5%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-3.0%
3M Excs Rtn	-12.8%	-16.2%	-1.7%	3.6%	12.7%	2.8%	0.6%
6M Excs Rtn	0.4%	-16.3%	22.3%	-5.7%	3.0%	24.0%	1.7%
12M Excs Rtn	6.7%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	3.0%
3Y Excs Rtn	-83.7%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

Comparison Analyses

	Title
0	How Does Tootsie Roll Industries Stock Stack Up Against Its Peers?
1	Why TR With 7.0% Upside May Beat JJSF?
2	TR Could Deliver 7.0% Returns And Outperform HAIN
3	BG Could Deliver 48% Returns And Outperform TR
4	THS or TR - With 7.3% Return Forecast, TR Probably Deserves Your Money

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

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	$37.47
Market Cap ($ Bil)	2.7
First Trading Date	12/30/1987
Distance from 52W High	-14.0%
	50 Days	200 Days
DMA Price	$38.21	$36.51
DMA Trend	up	down
Distance from DMA	-1.9%	2.6%
	3M	1YR
Volatility	30.3%	27.0%
Downside Capture	13.37	10.04
Upside Capture	-31.80	25.87
Correlation (SPY)	-12.3%	8.2%

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

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	22.5%	0.5%	17.8%	72.1%	8.6%	4.4%	-8.3%
Annualized Volatility	26.9%	13.9%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	0.73	-0.20	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		47.6%	8.4%	8.0%	0.9%	34.8%	2.5%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

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	8.9%	5.7%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	28.4%	13.0%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	0.33	0.23	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		38.3%	15.7%	5.4%	2.9%	26.7%	5.7%

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	4.3%	7.3%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	25.1%	14.7%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.19	0.37	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		42.2%	23.7%	2.9%	5.0%	29.7%	4.6%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	2,503,729
Short Interest: % Change Since 11302025	3.9%
Average Daily Volume	113,774
Days-to-Cover Short Interest	22.01
Basic Shares Quantity	72,879,000
Short % of Basic Shares	3.4%

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

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
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%
2/20/2024	-1.5%	-4.2%	1.9%
10/26/2023	3.3%	5.5%	16.5%
...
SUMMARY STATS
# Positive	11	12	12
# Negative	11	10	10
Median Positive	1.7%	4.1%	4.8%
Median Negative	-0.9%	-3.1%	-4.0%
Max Positive	3.3%	5.9%	17.1%
Max Negative	-6.8%	-16.0%	-12.8%

	Forward Returns
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%
2/20/2024	-1.5%	-4.2%	1.9%
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	-0.7%	2.6%	-3.6%
2/17/2021	2.5%	5.9%	17.1%
11/12/2020	2.3%	2.6%	-1.5%
7/23/2020	-4.5%	-3.3%	-1.4%
4/22/2020	-0.7%	-3.2%	-5.5%
2/12/2020	1.6%	5.5%	3.4%
SUMMARY STATS
# Positive	11	12	12
# Negative	11	10	10
Median Positive	1.7%	4.1%	4.8%
Median Negative	-0.9%	-3.1%	-4.0%
Max Positive	3.3%	5.9%	17.1%
Max Negative	-6.8%	-16.0%	-12.8%

SEC Filings

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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

Insider Activity

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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 (12/27/2025): $37.46 | Market Cap: $2.7 BilSector: Consumer Staples | Industry: Packaged Foods & Meats

Tootsie Roll Industries (TR)

Market Price (12/27/2025): $37.46Market Cap: $2.7 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

TR Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Tootsie Roll Industries (TR)

Share Repurchases

Share Issuance

Capital Expenditures

Interactive Breakdown

Better Bets than Tootsie Roll Industries (TR)

INDUSTRY: Packaged Foods & Meats

Higher Rev Chg 3Y Avg | Lower P/S (Values for TR: 3.4% | 3.7x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TR: 3.4% | 25.7x)

Higher Rev Chg LTM (Value for TR: 0.3%)

Higher Rev Chg 3Y Avg (Value for TR: 3.4%)

Higher Op Mgn LTM (Value for TR: 14.6%)

Higher CFO/Rev LTM (Value for TR: 17.3%)

Higher FCF/Rev LTM (Value for TR: 13.7%)

Higher Total Yield (Value for TR: 4.4%)

SECTOR: Consumer Staples

Higher Rev Chg 3Y Avg | Lower P/S (Values for TR: 3.4% | 3.7x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TR: 3.4% | 25.7x)

Higher Rev Chg LTM (Value for TR: 0.3%)

Higher Rev Chg 3Y Avg (Value for TR: 3.4%)

Higher Op Mgn LTM (Value for TR: 14.6%)

Higher CFO/Rev LTM (Value for TR: 17.3%)

Higher FCF/Rev LTM (Value for TR: 13.7%)

Higher Total Yield (Value for TR: 4.4%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for TR: 3.4% | 3.7x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TR: 3.4% | 25.7x)

Higher Rev Chg LTM (Value for TR: 0.3%)

Higher Rev Chg 3Y Avg (Value for TR: 3.4%)

Higher Op Mgn LTM (Value for TR: 14.6%)

Higher CFO/Rev LTM (Value for TR: 17.3%)

Higher FCF/Rev LTM (Value for TR: 13.7%)

Higher Total Yield (Value for TR: 4.4%)

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Market Price (12/27/2025): $37.46 | Market Cap: $2.7 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

Market Price (12/27/2025): $37.46
Market Cap: $2.7 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats