At a glance
Tootsie Roll Industries Inc is worth $2.68B, about 27 times its fiscal 2025 earnings. Revenue grew 1.3% to $732.5M in fiscal 2025, with 13.7% kept as profit; over 5 years it has grown 9.2% a year. It pays no dividend; it spent $115.2M buying back its shares over FY2021–FY2025. The stock returned +0.0% over the past year with dividends reinvested and +5.2% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 8.9% in the 2020 crash (S&P 500: 33.7%) and 14.5% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high within a month and 5 months after the lows.
The business in plain English
Tootsie Roll Industries has made and marketed candy for more than 125 years, and confectionery is its only business segment. Its brands include Tootsie Roll, Tootsie Pops, Charms, Blow-Pop, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Andes, Dubble Bubble and Razzles, plus Tutsi Pop in Mexico. The company believes it ranks among the ten largest US candy makers. In fiscal 2025 (ended December 31, 2025), revenue was $732.5 million and net income was $100.1 million.
Tootsie Roll makes money by producing candy in its own plants and shipping it to retailers and wholesalers, either through food brokers or directly. Its customers include supermarkets, dollar stores, drug chains, club stores, vending operators, e-commerce merchants, the US military and charity fund-raisers. A few customers account for much of its sales. Walmart made up about 22.0% of net product sales in 2025, and Dollar Tree (including Family Dollar) made up 13.1%. McLane, a national grocery wholesaler that delivers to both, accounted for 19.7%, so these shares overlap.
Its main markets are the US, Canada and Mexico. Most output from its Canadian plants goes to the US, while its Mexican plant mainly supplies Mexico. Sales peak in the third quarter, ahead of Halloween and back-to-school. When ingredient and other costs rise, the company has historically raised prices or made its products smaller.
Price history
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TR 0.0% over the year to Oct 28, 2026, total return with dividends reinvested.
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $154.2M, down 0.6% from a year earlier, and net income was $13.3M (-23.9%).
- For fiscal 2025, revenue was $732.5M (+1.3% year over year; +9.2% a year from FY2020 to FY2025) with a 13.7% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +9.2% good |
|---|---|
| Operating margin | 13.8% watch |
| Free cash flow margin | 13.2% good |
| Return on equity (FY2025) | 10.6% watch |
| Return on assets (FY2025) | 8% good |
| Cash and investments | $572.9M (no borrowings found in the filings) good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $471.1M | $59.0M | $56.7M |
| FY2021 | $570.8M | $65.3M | $53.9M |
| FY2022 | $687.0M | $75.9M | $48.7M |
| FY2023 | $769.4M | $91.9M | $67.8M |
| FY2024 | $723.2M | $86.8M | $120.9M |
| FY2025 | $732.5M | $100.1M | $96.4M |
Valuation snapshot
| Market value | $2.68B |
|---|---|
| P/E ratio | 26.8 |
| Dividend yield | 1.01% |
Rank among 1514 US companies
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| TR price data to Oct 28, 2026 | -1.8% | 0.0% | +7.8% | +5.2% | +3.1% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -1.8% |
| 2025 | +17.9% |
| 2024 | -1.6% |
| 2023 | -18.8% |
| 2022 | +22.3% |
| 2021 | +27.3% |
| 2020 | -12.0% |
| 2019 | +6.3% |
| 2018 | -7.2% |
| 2017 | -4.8% |
| 2016 | +30.9% |
| 2015 | +4.2% |
| 2014 | -1.9% |
| 2013 | +30.7% |
| 2012 | +16.4% |
| 2011 | -14.8% |
| 2010 | +10.3% |
| 2009 | +8.4% |
| 2008 | -5.2% |
| 2007 | -14.8% |
| 2006 | +18.1% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 27.2% over that stretch · deepest drop along the way 37.3%, back to its old high 21.6 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Gained 4.3% over that stretch · deepest drop along the way 8.9%, back to its old high 0.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Gained 0.3% over that stretch · deepest drop along the way 14.5%, back to its old high 5 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (1 read): 0 open-market purchases and 0 sales ($0.00).
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 4.5% | Jun 30, 2026 |
ETFs with the most weight in TR
| PSCC Invesco S&P SmallCap Consumer Staples ETF | 1.35% |
| SIXS ETC 6 Meridian Small Cap Equity ETF | 1.15% |
| WCEO Hypatia Women CEO ETF | 1.12% |
| CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF | 1.1% |
| XSLV Invesco S&P SmallCap Low Volatility ETF | 1% |
| SIXL ETC 6 Meridian Low Beta Equity ETF | 0.42% |
| FYC First Trust Small Cap Growth AlphaDEX Fund | 0.38% |
| DES WisdomTree U.S. SmallCap Dividend Fund | 0.13% |
What could go wrong
- Heavy reliance on a few big customers. Walmart accounted for about 22.0% of net product sales in 2025 and Dollar Tree for 13.1%. McLane, a wholesaler that serves both, made up 19.7%. Losing any of them could seriously hurt results.
- Synthetic dye bans may force recipe changes. In April 2025 the FDA said it intends to phase out certain synthetic dyes the company uses in some products. States such as West Virginia are restricting them too. Changing recipes could add costs.
- Sales lean heavily on Halloween. Sales jump in the third quarter ahead of Halloween, and the company builds inventory and hires seasonal staff in advance. Bad weather, widespread events or fading interest in Halloween could hurt its biggest season.
- Tariffs on cross-border production. Most output from the company's Canadian plants goes to the US, and its Mexican plant serves Mexico. Tariffs on US imports, or other countries' retaliation, could raise costs or weaken its competitive position.
- Rising costs may be hard to pass on. Sugar, packaging, wages and freight can get pricier. The company hedges some sugar with futures contracts, which lock in prices ahead of time. But shoppers may resist price increases or smaller packs.
- Shelf-space battles and shifting tastes. Well-established rivals compete for limited retail shelf space with promotions and price cuts. Consumer health concerns or changing preferences could also reduce demand for traditional sugary candy.
Recent events
- Quarterly results released
- Investor presentation or announcement
- Quarterly results released
- Shareholder vote results
- Quarterly results released
- Quarterly results released
For income and retirement investors
Tootsie Roll pays a cash dividend, though a modest one: the yield was about 1.01% as of October 28, 2026. Total dividends paid rose every year, from $23.8 million in fiscal 2020 to $26.1 million in fiscal 2025. That payout used about 26% of earnings and 27% of free cash flow (cash left after running and investing in the business), which leaves a wide cushion. Rising totals alone do not show a per-share increase each year. Share buybacks (repurchases of its own stock) totaled $115.2 million over fiscal 2021 to 2025. They shrank from $33.1 million in 2023 to $6.5 million in 2025.
The stock's record in downturns is mixed. It fell 37.3% between September 2008 and March 2009 and took about 22 months to recover. But it gained 4.3% over the 2020 COVID crash and ended roughly flat through the 2022 market slump. As a single company, Tootsie Roll carries more risk than a diversified fund.
Questions investors ask
How does Tootsie Roll make money?
Tootsie Roll makes money by manufacturing candy and shipping it to retailers and wholesalers in the US, Canada and Mexico. Its brands include Tootsie Roll, Tootsie Pops, Charms, Dots, Junior Mints, Andes and Dubble Bubble. Walmart accounted for about 22.0% of net product sales in 2025, and Dollar Tree accounted for 13.1%. Sales rise in the third quarter ahead of Halloween. Fiscal 2025 revenue was $732.5 million and net income was $100.1 million. That is a net margin (profit as a share of revenue) of 13.7%.
Does Tootsie Roll pay a dividend?
Yes. Tootsie Roll pays a cash dividend, but the yield is small: about 1.01% as of October 28, 2026. It paid $26.1 million in dividends in fiscal 2025, roughly 26% of earnings. Total dividend payments have risen every year since fiscal 2020. That alone does not show a per-share increase each year. With such a low yield, the stock provides limited income on its own.
Is Tootsie Roll growing?
Over five years, yes, but sales have stalled since 2023. Revenue grew from $471.1 million in fiscal 2020 to $732.5 million in fiscal 2025, about 9.2% a year. It peaked at $769.4 million in 2023, fell to $723.2 million in 2024 and rose only 1.3% in 2025. Net income climbed 15.2% to $100.1 million in 2025. In the quarter ended June 30, 2026, revenue slipped 0.6% from a year earlier and net income fell 23.9%.
Does Tootsie Roll have any debt?
Tootsie Roll appears to have no borrowings. Its filings as of June 30, 2026 show no reported debt. On that date the company held $572.9 million in cash and investments, with total assets of $1.27 billion and shareholders' equity of $952.3 million. That cash gives it a cushion in hard times. The trade-off is that a large cash balance can hold down return on equity (profit as a share of shareholders' money), which was 10.6% in fiscal 2025.
How has Tootsie Roll stock performed over the long term?
Modestly. As of October 28, 2026, the share price had gained about 3.1% a year over 10 years (35% in total) and 5.2% a year over five years. It was flat over one year. These are price returns, which leave out dividends. The stock traded at 26.8 times fiscal 2025 earnings, its price-to-earnings ratio, for a market value of about $2.68 billion. Its deepest drop in about 21 years of price history was 39.4%.