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Side-by-side financial comparison of Hershey Company (The) (HSY) and TOOTSIE ROLL INDUSTRIES INC (TR). Click either name above to swap in a different company.

Hershey Company (The) is the larger business by last-quarter revenue ($3.1B vs $196.3M, roughly 15.7× TOOTSIE ROLL INDUSTRIES INC). TOOTSIE ROLL INDUSTRIES INC runs the higher net margin — 14.7% vs 10.4%, a 4.3% gap on every dollar of revenue. On growth, Hershey Company (The) posted the faster year-over-year revenue change (7.0% vs 1.5%). Hershey Company (The) produced more free cash flow last quarter ($788.5M vs $61.0M). Over the past eight quarters, TOOTSIE ROLL INDUSTRIES INC's revenue compounded faster (13.2% CAGR vs -2.5%).

The Hershey Company, often called just Hershey or Hershey's, is an American multinational confectionery company headquartered in Hershey, Pennsylvania, which is also home to Hersheypark and Hershey's Chocolate World. The Hershey Company is one of the largest chocolate manufacturers in the world; it also manufactures baked products, such as cookies and cakes, and sells beverages like milkshakes, as well as other products. The Hershey Company was founded by Milton S. Hershey in 1894 as the Hers...

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

HSY vs TR — Head-to-Head

Bigger by revenue
HSY
HSY
15.7× larger
HSY
$3.1B
$196.3M
TR
Growing faster (revenue YoY)
HSY
HSY
+5.5% gap
HSY
7.0%
1.5%
TR
Higher net margin
TR
TR
4.3% more per $
TR
14.7%
10.4%
HSY
More free cash flow
HSY
HSY
$727.5M more FCF
HSY
$788.5M
$61.0M
TR
Faster 2-yr revenue CAGR
TR
TR
Annualised
TR
13.2%
-2.5%
HSY

Income Statement — Q4 2025 vs Q4 2025

Metric
HSY
HSY
TR
TR
Revenue
$3.1B
$196.3M
Net Profit
$320.0M
$28.8M
Gross Margin
37.0%
35.7%
Operating Margin
14.4%
17.0%
Net Margin
10.4%
14.7%
Revenue YoY
7.0%
1.5%
Net Profit YoY
-59.8%
27.9%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HSY
HSY
TR
TR
Q4 25
$3.1B
$196.3M
Q3 25
$3.2B
$232.7M
Q2 25
$2.6B
$155.1M
Q1 25
$2.8B
$148.5M
Q4 24
$2.9B
$193.4M
Q3 24
$3.0B
$225.9M
Q2 24
$2.1B
$150.7M
Q1 24
$3.3B
$153.2M
Net Profit
HSY
HSY
TR
TR
Q4 25
$320.0M
$28.8M
Q3 25
$276.3M
$35.7M
Q2 25
$62.7M
$17.5M
Q1 25
$224.2M
$18.1M
Q4 24
$796.6M
$22.5M
Q3 24
$446.3M
$32.8M
Q2 24
$180.9M
$15.6M
Q1 24
$797.5M
$15.8M
Gross Margin
HSY
HSY
TR
TR
Q4 25
37.0%
35.7%
Q3 25
32.6%
34.1%
Q2 25
30.5%
36.4%
Q1 25
33.7%
35.3%
Q4 24
54.0%
39.1%
Q3 24
41.3%
34.1%
Q2 24
40.2%
33.5%
Q1 24
51.5%
32.7%
Operating Margin
HSY
HSY
TR
TR
Q4 25
14.4%
17.0%
Q3 25
13.7%
13.9%
Q2 25
7.4%
7.8%
Q1 25
13.2%
15.5%
Q4 24
32.5%
20.0%
Q3 24
20.5%
15.6%
Q2 24
13.9%
10.2%
Q1 24
32.5%
7.3%
Net Margin
HSY
HSY
TR
TR
Q4 25
10.4%
14.7%
Q3 25
8.7%
15.3%
Q2 25
2.4%
11.3%
Q1 25
8.0%
12.2%
Q4 24
27.6%
11.6%
Q3 24
14.9%
14.5%
Q2 24
8.7%
10.4%
Q1 24
24.5%
10.3%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HSY
HSY
TR
TR
Cash + ST InvestmentsLiquidity on hand
$176.6M
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$4.6B
$941.0M
Total Assets
$13.7B
$1.3B
Debt / EquityLower = less leverage
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSY
HSY
TR
TR
Q4 25
$176.6M
Q3 25
$119.8M
Q2 25
$170.5M
Q1 25
$176.6M
Q4 24
$194.6M
Q3 24
$163.2M
Q2 24
$131.2M
Q1 24
$159.4M
Total Debt
HSY
HSY
TR
TR
Q4 25
$4.7B
Q3 25
$4.7B
Q2 25
$5.2B
Q1 25
$5.2B
Q4 24
$3.2B
Q3 24
$3.2B
Q2 24
$3.5B
Q1 24
$3.8B
Stockholders' Equity
HSY
HSY
TR
TR
Q4 25
$4.6B
$941.0M
Q3 25
$4.6B
$918.9M
Q2 25
$4.5B
$893.1M
Q1 25
$4.7B
$879.4M
Q4 24
$4.7B
$870.7M
Q3 24
$4.2B
$870.2M
Q2 24
$4.0B
$841.4M
Q1 24
$4.1B
$834.4M
Total Assets
HSY
HSY
TR
TR
Q4 25
$13.7B
$1.3B
Q3 25
$13.6B
$1.2B
Q2 25
$13.6B
$1.2B
Q1 25
$14.0B
$1.1B
Q4 24
$12.9B
$1.1B
Q3 24
$12.6B
$1.1B
Q2 24
$12.4B
$1.1B
Q1 24
$12.4B
$1.1B
Debt / Equity
HSY
HSY
TR
TR
Q4 25
1.01×
Q3 25
1.02×
Q2 25
1.15×
Q1 25
1.11×
Q4 24
0.68×
Q3 24
0.76×
Q2 24
0.87×
Q1 24
0.92×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HSY
HSY
TR
TR
Operating Cash FlowLast quarter
$926.6M
$73.3M
Free Cash FlowOCF − Capex
$788.5M
$61.0M
FCF MarginFCF / Revenue
25.5%
31.1%
Capex IntensityCapex / Revenue
4.5%
6.3%
Cash ConversionOCF / Net Profit
2.90×
2.55×
TTM Free Cash FlowTrailing 4 quarters
$1.8B
$96.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSY
HSY
TR
TR
Q4 25
$926.6M
$73.3M
Q3 25
$841.9M
$62.2M
Q2 25
$112.2M
$-8.5M
Q1 25
$396.7M
$3.6M
Q4 24
$941.6M
$68.8M
Q3 24
$695.3M
$61.3M
Q2 24
$325.6M
$-12.6M
Q1 24
$569.1M
$21.4M
Free Cash Flow
HSY
HSY
TR
TR
Q4 25
$788.5M
$61.0M
Q3 25
$756.0M
$50.7M
Q2 25
$27.1M
$-16.0M
Q1 25
$251.2M
$750.0K
Q4 24
$807.1M
$64.7M
Q3 24
$567.3M
$55.8M
Q2 24
$195.5M
$-16.6M
Q1 24
$355.8M
$16.9M
FCF Margin
HSY
HSY
TR
TR
Q4 25
25.5%
31.1%
Q3 25
23.8%
21.8%
Q2 25
1.0%
-10.3%
Q1 25
9.0%
0.5%
Q4 24
28.0%
33.5%
Q3 24
19.0%
24.7%
Q2 24
9.4%
-11.0%
Q1 24
10.9%
11.0%
Capex Intensity
HSY
HSY
TR
TR
Q4 25
4.5%
6.3%
Q3 25
2.7%
5.0%
Q2 25
3.3%
4.8%
Q1 25
5.2%
1.9%
Q4 24
4.7%
2.1%
Q3 24
4.3%
2.4%
Q2 24
6.3%
2.6%
Q1 24
6.6%
2.9%
Cash Conversion
HSY
HSY
TR
TR
Q4 25
2.90×
2.55×
Q3 25
3.05×
1.74×
Q2 25
1.79×
-0.49×
Q1 25
1.77×
0.20×
Q4 24
1.18×
3.06×
Q3 24
1.56×
1.87×
Q2 24
1.80×
-0.81×
Q1 24
0.71×
1.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HSY
HSY

Segment breakdown not available.

TR
TR

Products$194.3M99%
Rental And Royalty$1.9M1%

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