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Sugar & Confectionery Products: capital spending and supply chain

SIC 2060 · 4 companies with filed cash-flow statements

Capital spending, 12 months$560M
Operating cash flow$2.8B
Capex / cash flow20%
Capex / revenue3.9%
Top 3 share100%

Analysis

4 companies in Sugar & Confectionery Products (SIC 2060) spent $560M on capital projects over their latest twelve months, 20% of the $2.8B their operations generated; the three largest spenders — HSY, JBSS, TR — account for 100%.

Capital spending is 3.9% of the industry's $14.2B of annual revenue.

By the industry's asset mix most of it goes to equipment (49%); about $105M is imported.

The largest supplier of that spending is manufacturing structures ($157M).

Its largest supplying industries, by the input-output tables: imports ($959M), sugar and confectionery product manufacturing ($846M), other crop farming ($738M).

Charts

Sugar & Confectionery Products: capital spending by company, latest twelve monthsSugar & Confectionery Products: capital spending by company, latest twelve monthsHSY$443MJBSS$71.9MTR$44.2MRMCF$589K
Filed cash-flow statements (SEC XBRL).
Sugar & Confectionery Products: what the capital spending buys (US part)Sugar & Confectionery Products: what the capital spending buys (US part)Structures$162MEquipment$221MSoftware$39.5MOther$31.8M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Sugar & Confectionery Products: the industries that build and sell what it buysSugar & Confectionery Products: the industries that build and sell what it buysManufacturing structures$157MOther industrial machinery manufa…$35.3MMaterial handling equipment manuf…$34.3MAir conditioning, refrigeration, …$31.7MOther general purpose machinery m…$24.4MSoftware publishers$21.8MMeasuring, dispensing, and other …$20.0MAir and gas compressor manufactur…$18.7MPlate work and fabricated structu…$9.9MSemiconductor machinery manufactu…$9.5M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Sugar & Confectionery Products: its first-tier supplying industriesSugar & Confectionery Products: its first-tier supplying industriesImports$959MSugar and confectionery product m…$846MOther crop farming$738MGrocery and related product whole…$711MSoybean and other oilseed process…$515MOther nondurable goods merchant w…$356MManagement of companies and enter…$355MFruit and tree nut farming$350MTruck transportation$259MPaperboard container manufacturing$218M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Sugar & Confectionery Products: where the industry's cash came from (+) and went (−)Sugar & Confectionery Products: where the industry's cash came from (+) and went (−)Operating cash flow$2.8BDividends−$1.2BOther investing (out)−$778MCapital spending−$560MCash drawn from the balance s…$510MBuybacks−$457MNet debt repaid−$290MNet borrowing$22.2MShares issued$20.9MTaxes paid on employees' shar…−$19.8MOther financing (out)−$10.9MExchange-rate gains on cash$6.7MOther financing (in)$2.5MOperating cash outflow−$2.2M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
HSY Hershey$443M$2.6B17%TTM to Q3 2026
JBSS Sanfilippo John B & Son$71.9M$102M70%TTM to Q1 FY27
TR Tootsie Roll Industries$44.2M$98.0M45%TTM to Q3 2026
RMCF Rocky Mountain Chocolate Factory$589K−$2.2M—TTM to Q2 FY27

Customers and suppliers named in annual reports

SupplierCustomerShare of supplier revenueEvidenceSource
HSYBRK-B27%Stated in 10-K (sentence)filing
JBSSWMT41%Stated in 10-K (sentence)filing
TRWMT22%Stated in 10-K (XBRL)filing
TRBRK-B20%Stated in 10-K (XBRL)filing
JBSSTGT12%Stated in 10-K (sentence)filing
TRDLTR13%Stated in 10-K (XBRL)filing
JPMRMCF—Stated in 10-K (named, share not stated)filing

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.