TOOTSIE ROLL INDUSTRIES INC
TR, TROLB · Sugar & Confectionery Products · 71.9M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $33M (gross $33M)
Grade
C68Conservative, cash-rich confectioner with strong margins and clean balance sheet but persistently weak growth.
Strengths
- Net/operating margins ~14% (78th-79th pct) and ROA 8% (86th pct); pristine balance sheet, current ratio 3.3
- Iconic brands and steady cash generation funding dividends and buybacks
Risks
- Revenue up only 1.3% (32nd pct) and ROE 10.6% below top quartile; cocoa/chocolate cost inflation pressured margins
- Heavy customer concentration (Walmart ~22%, top 3 ~38% of receivables) and Halloween seasonality
Notable findings
- Customer concentration~38% of revenue from one customer/distributor — At December 31, 2025 and 2024, the Company’s three largest customers discussed above accounted for approximately 37
- Strong balance sheetStrong balance sheet — $614M cash & investments
- Revenue declineRevenue -22.8% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
35.3%
Operating margin
13.8%
Net margin
13.7%
Return on equity
10.6%
Return on assets
8.0%
Revenue growth (QoQ)
-22.8%
Net-income growth
15.2%
Current ratio
3.3×
Free cash flow
$96M
EBITDA
$120M
Tangible book value
$868M
Cash & investments
$614M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-08 | GORDON ELLEN R | Gift | 23K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (3)
- Wal-Mart Stores, Inc. 22% of rev
- McLane Company 20% of rev
- Dollar Tree, Inc. 13% of rev
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-11 | 2026-05-11 | 0001104659-26-058415 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001104659-26-057824 ↗ |
| 8-K | 2026-04-23 | 2026-04-22 | 0001104659-26-047445 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001104659-26-021621 ↗ |
| 8-K | 2026-02-12 | 2026-02-11 | 0001104659-26-014044 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001104659-25-108351 ↗ |
| 8-K | 2025-10-23 | 2025-10-22 | 0001104659-25-101733 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001558370-25-010878 ↗ |
| 8-K | 2025-07-24 | 2025-07-23 | 0001558370-25-009510 ↗ |
| 8-K | 2025-06-02 | 2025-06-02 | 0001558370-25-008345 ↗ |
| 10-Q | 2025-05-09 | 2025-03-31 | 0001558370-25-007150 ↗ |
| 8-K | 2025-05-08 | 2025-05-08 | 0001558370-25-006938 ↗ |