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Hershey vs Tootsie Roll Industries: HSY and TR compared
Hershey is the larger company: $3.3B of revenue in its latest quarter (Q3 2026) against $229M for Tootsie Roll Industries (Q3 2026). Hershey is growing faster (+3% against -2% a year earlier). Hershey is more profitable, with an operating margin of 25.0% against 10.8%.
Where the money goes: HSY and TR
Hershey (HSY) · Q3 2026
Hershey, Q3 2026: revenue $3.3B (+3% year over year), operating margin 25.0%, net earnings $581M, operating cash flow $751M. The chart follows the revenue to costs, profit and cash.
Tootsie Roll Industries (TR) · Q3 2026
Tootsie Roll Industries, Q3 2026: revenue $229M (-2% year over year), operating margin 10.8%, net earnings $23.2M, operating cash flow $35.6M. The chart follows the revenue to costs, profit and cash.
| Hershey (HSY) | Tootsie Roll Industries (TR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.3B | $229M |
| Revenue growth, Y/Y | +3% | -2% |
| Gross margin | 46.1% | 32.0% |
| Operating margin | 25.0% | 10.8% |
| Net earnings | $581M | $23.2M |
| Net margin | 17.7% | 10.1% |
| Operating cash flow | $751M | $35.6M |
| Free cash flow | $650M | $24.3M |
| Market value | $35.9B | $2.8B |
| P/E | 20.0× | 29.5× |
| Analysts’ mean target | $180.91 | — |
Where the revenue comes from
Tootsie Roll Industries
- Product: $227M (99%)
- Rental and Royalty: $1.9M (1%)
Questions
Which is bigger, Hershey or Tootsie Roll Industries?
Hershey is the larger company: $3.3B of revenue in its latest quarter (Q3 2026) against $229M for Tootsie Roll Industries (Q3 2026).
Is Hershey or Tootsie Roll Industries growing faster?
Hershey is growing faster (+3% against -2% a year earlier).
Which is more profitable, Hershey or Tootsie Roll Industries?
Hershey is more profitable, with an operating margin of 25.0% against 10.8%.
More: Hershey earnings · how Hershey makes money · Tootsie Roll Industries earnings · how Tootsie Roll Industries makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.