Tootsie Roll Industries, Inc. TROLB

Consumer StaplesFood & TobaccoUnited States of America

Last close 39.00 USD on Nov 1, 2026, +14.8% year to date

Quant rating

Quant rating D Rank 113 of 124 in Consumer Staples

Growth D 100 of 124
Valuation D 112 of 124
Quality D 91 of 124
Revisions D 104 of 124
Momentum C 63 of 124

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 2.8B
Enterprise value: 2.7B
52-week range: 33.98 – 42.50
3-year range: 25.92 – 48.54
Dividend yield: 0.92%
Beta (5 years): –
Shares outstanding: 75.1M
Next earnings: –

About the company

Tootsie Roll Industries, Inc., is engaged in the manufacturing and sale of confectionery products. The Company's products are marketed in a variety of packages designed to be suitable for display and sale in different types of retail outlets. They are sold through food and grocery brokers or directly by the Company itself to customers throughout the United States, Canada and Mexico. Its customers include 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, and e-commerce merchants. Its products are sold under the registered trademarks, which include TOOTSIE ROLL, TOOTSIE FRUIT ROLLS, TOOTSIE POPS, TOOTSIE MINI POPS, CHILD’S PLAY, CARAMEL APPLE POPS, CHARMS, BLOW-POP, CHARMS MINI POPS, SUGAR DADDY, CELLA’S, DOTS, SUGAR BABIES, ANDES, FLUFFY STUFF, DUBBLE BUBBLE, RAZZLES, CRY BABY, and TUTSI POP (Mexico).

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	733	723	769	687	571	–
Revenue growth	1.3%	−6.0%	12.0%	20.4%	21.2%	9.2%
EPS (basic, normalized)	–	–	–	–	–	–
EPS growth	–	–	–	–	–	–
Gross margin	35.3%	35.0%	33.4%	33.9%	34.9%	34.5%
Net margin	13.7%	12.0%	11.9%	11.1%	11.4%	12.0%
ROE	11.0%	10.3%	11.4%	9.8%	8.5%	10.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	141
Current ratio	2.89x
Long-term debt (mil)	0
Net debt (mil)	−133
Total equity (mil)	952
Net debt / equity	−0.14x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	733	+1.3%	3.7x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	–	–	–	–	–	–	–	–
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Food & Tobacco

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
TROLB Tootsie Roll Industries, Inc.	2.8B	–	13.7%	2.90x	–	–	–	–
BKFKY P/F Bakkafrost	2.9B	2.77x	7.6%	1.78x	5.5x	3.4x	9.8x	7.5x
CFEIY China Feihe Ltd	2.9B	–	10.7%	0.79x	97.8x	100.9x	1.7x	1.7x
TR Tootsie Roll Industries, Inc.	2.8B	–	13.7%	2.90x	–	–	–	–
GARPY Golden Agri-Resources Ltd	2.8B	–	3.1%	0.51x	509.2x	509.2x	4.0x	3.8x
LYSFY Leroy Seafood Group ASA	2.8B	2.53x	1.1%	1.47x	28.3x	21.8x	7.7x	6.1x
Mean		2.65x	8.3%	1.73x	160.2x	158.8x	5.8x	4.8x
Median		2.65x	9.1%	1.62x	63.0x	61.4x	5.8x	5.0x

Technical analysis

1M0.0%
3M−1.3%
1Y−19.7%
3Y+42.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Tootsie Roll Industries, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	733	723	769	687	571	471
Cost of revenue	474	470	513	454	372	301
Gross profit	258	253	257	233	199	170
Selling, general & administrative expenses	158	153	155	122	132	112
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	–	–	–	–
Other operating expenses	0	0	0	0	0	0
Operating income	101	101	102	111	67.1	58.2
Net interest income (expense)	34.4	25.9	17.6	−13.4	17.6	16.9
Gain (loss) on sale of assets	0.1	0.2	−0.2	0.1	−0.3	0
Other non-operating income (expense)	1.8	0.3	0.7	0.7	1.3	1.1
Net income before taxes	137	127	120	98.1	85.7	76.3
Provision for taxes	37.3	40.1	28.0	22.2	20.4	17.3
Minority interest	0.1	0	0	0	0	0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	100	86.8	91.9	75.9	65.3	59.0
Extraordinary items	–	–	–	–	–	–
Net income	100	86.8	91.9	75.9	65.3	59.0
EBIT, normalized	101	101	102	111	67.1	58.2
EBITDA, normalized	120	119	120	128	84.7	76.4
Basic EPS, normalized	–	–	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Tootsie Roll Industries, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	177	195	171	149	146	209
Receivables	54.2	50.6	64.7	62.9	58.8	45.1
Total inventory	75.2	77.6	94.9	84.3	55.5	59.6
Prepaid expenses	15.1	10.4	9.2	12.1	7.8	6.8
Other current assets	0.4	0.4	0.4	0.4	0.4	0.4
Total current assets	321	334	341	309	268	321
Property, plant & equipment	238	220	223	212	209	187
Goodwill	73.2	73.2	73.2	73.2	73.2	73.2
Intangibles	175	175	175	175	175	175
Long-term investments	437	332	256	248	291	220
Note receivable	–	–	–	–	–	–
Other long-term assets	9.4	13.2	16.9	1.9	2.0	8.1
Total assets	1,254	1,147	1,084	1,019	1,019	985
Liabilities
Accounts payable	15.9	13.4	15.8	25.2	15.0	13.0
Payable/accrued	–	–	–	–	–	–
Accrued expenses	69.1	65.9	63.6	55.9	55.6	46.4
Short-term debt	1.0	0.9	1.1	1.1	0.9	0.8
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	12.5	7.0	14.3	7.9	8.5	9.7
Total current liabilities	98.5	87.3	94.9	90.1	80.0	70.0
Long-term debt	7.5	7.5	7.5	7.5	7.5	7.5
Minority interest	−0.4	−0.3	−0.3	−0.3	−0.2	−0.2
Other liabilities	207	182	159	138	162	144
Total liabilities	313	276	261	236	250	221
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	50.7	49.4	48.2	47.5	46.6	45.9
Additional paid-in capital	847	789	737	720	710	707
Retained earnings (accumulated deficit)	65.5	57.9	62.9	48.3	39.5	32.3
Treasury stock	−2.0	−2.0	−2.0	−2.0	−2.0	−2.0
Other equity	−20.5	−23.4	−23.2	−30.2	−25.0	−19.8
Total equity	941	871	823	783	769	763
Total liabilities & shareholders' equity	1,254	1,147	1,084	1,019	1,019	985

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Tootsie Roll Industries, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	100.0	86.8	91.9	75.9	65.3	59.0
Depreciation, depletion & amortization	19.1	18.2	18.2	17.7	17.6	18.2
Deferred taxes	11.6	7.8	−0.9	1.5	−1.3	−0.3
Non-cash items	−5.4	1.8	3.9	5.5	3.8	1.4
Changes in working capital	5.3	24.3	−18.6	−28.6	−0.2	−3.6
Cash from operations	131	139	94.6	72.1	85.3	74.7
Investing activities
Capital expenditures	−34.3	−18.0	−26.8	−23.4	−31.4	−18.0
Other investing cash flows	−76.3	−17.8	12.6	−45.2	−60.5	27.5
Cash from investing	−111	−35.8	−14.2	−68.6	−91.9	9.5
Financing activities
Financing cash flow items	–	–	–	–	–	–
Cash dividends paid	−26.1	−25.5	−25.1	−24.6	−24.1	−23.8
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−6.5	−13.6	−33.1	−31.8	−30.0	−32.0
Cash from financing	−32.5	−39.1	−58.2	−56.4	−54.1	−55.8
Foreign exchange effects	0.9	−1.0	0.4	0.3	−0.3	−0.4
Net change in cash	−11.6	62.9	22.7	−52.6	−61.0	27.9
Free cash flow	96.4	121	67.8	48.7	53.9	56.7

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.