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Hershey vs Tootsie Roll Industries: revenue, profit, margins and growth compared

Hershey brought in $11.7B of revenue in fiscal 2025, Tootsie Roll Industries $732.5M in fiscal 2025. Revenue changed by +4.4% at Hershey and +1.3% at Tootsie Roll Industries on the year before, so Hershey grew faster. Hershey kept 7.6% of its revenue as net profit, Tootsie Roll Industries 13.7%. Free cash flow was $1.8B at Hershey and $96.4M at Tootsie Roll Industries.

Side by side, latest fiscal year

HSYTR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$11.7B$732.5M
Revenue growth+4.4%+1.3%
Net income$883.3M$100.1M
Net margin7.6%13.7%
Free cash flow$1.8B$96.4M
Free cash flow margin15.6%13.2%
Earnings per share (diluted)n/a$1.37
Cash$925.9M$127.2M
Debt$5.2Bn/a
Price to earningsn/a27.6
Market value$33B$2.8B
Dividend yieldn/an/a
Rank by revenue in sector#22 of 154 · Consumer staples#72 of 154 · Consumer staples

Over the years

Revenue
HSY FY2018: $7.8BHSY FY2019: $8BHSY FY2020: $8.1BHSY FY2021: $9BHSY FY2022: $10.4BHSY FY2023: $11.2BHSY FY2024: $11.2BHSY FY2025: $11.7BTR FY2018: $518.9MTR FY2019: $527.1MTR FY2020: $471.1MTR FY2021: $570.8MTR FY2022: $687MTR FY2023: $769.4MTR FY2024: $723.2MTR FY2025: $732.5MFY18FY19FY20FY21FY22FY23FY24FY25
HSY $11.7BTR $732.5M
Net income
HSY FY2018: $1.2BHSY FY2019: $1.1BHSY FY2020: $1.3BHSY FY2021: $1.5BHSY FY2022: $1.6BHSY FY2023: $1.9BHSY FY2024: $2.2BHSY FY2025: $883.3MTR FY2018: $56.9MTR FY2019: $64.9MTR FY2020: $59MTR FY2021: $65.3MTR FY2022: $75.9MTR FY2023: $91.9MTR FY2024: $86.8MTR FY2025: $100.1MFY18FY19FY20FY21FY22FY23FY24FY25
HSY $883.3MTR $100.1M
Net margin
HSY FY2018: 15.1%HSY FY2019: 14.4%HSY FY2020: 15.7%HSY FY2021: 16.5%HSY FY2022: 15.8%HSY FY2023: 16.7%HSY FY2024: 19.8%HSY FY2025: 7.6%TR FY2018: 11.0%TR FY2019: 12.3%TR FY2020: 12.5%TR FY2021: 11.4%TR FY2022: 11.1%TR FY2023: 11.9%TR FY2024: 12.0%TR FY2025: 13.7%FY18FY19FY20FY21FY22FY23FY24FY25
HSY 7.6%TR 13.7%
Revenue growth
HSY FY2019: +2.5%HSY FY2020: +2.0%HSY FY2021: +10.1%HSY FY2022: +16.1%HSY FY2023: +7.2%HSY FY2024: +0.3%HSY FY2025: +4.4%TR FY2019: +1.6%TR FY2020: -10.6%TR FY2021: +21.2%TR FY2022: +20.4%TR FY2023: +12.0%TR FY2024: -6.0%TR FY2025: +1.3%FY19FY20FY21FY22FY23FY24FY25
HSY +4.4%TR +1.3%
Free cash flow
HSY FY2018: $1.3BHSY FY2019: $1.4BHSY FY2020: $1.3BHSY FY2021: $1.6BHSY FY2022: $1.8BHSY FY2023: $1.6BHSY FY2024: $1.9BHSY FY2025: $1.8BTR FY2018: $73.3MTR FY2019: $80MTR FY2020: $56.7MTR FY2021: $53.9MTR FY2022: $48.7MTR FY2023: $67.8MTR FY2024: $120.9MTR FY2025: $96.4MFY18FY19FY20FY21FY22FY23FY24FY25
HSY $1.8BTR $96.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Hershey and Tootsie Roll Industries

Which is bigger by revenue, Hershey or Tootsie Roll Industries?

Hershey is bigger by revenue: $11.7B in fiscal 2025, against $732.5M for Tootsie Roll Industries in fiscal 2025.

Which keeps more of its revenue as profit, Hershey or Tootsie Roll Industries?

Hershey had a net margin of 7.6% in fiscal 2025; Tootsie Roll Industries had 13.7% in fiscal 2025.

Which grew revenue faster, Hershey or Tootsie Roll Industries?

In their latest fiscal years revenue changed by +4.4% at Hershey and +1.3% at Tootsie Roll Industries.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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