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The Moat Index

TOOTSIE ROLL INDUSTRIES INC

TR · Consumer Staples · FY2025 filings · Shallow moat ·

Doesn't clear the bar

55/ 100
Shallow moat

The four filters

Pricing power61

Median gross margin 35.7% over 10y, very stable.

Returns on capital39

Median ROIC 9.2%, above the 9% hurdle in 60% of years.

Balance-sheet safety73

Net debt/EBITDA n/ax, interest coverage 226x.

Capital discipline51

Owner earnings +3.9%/yr, share count n/a.

Margin of safety

Above valueOn sale
No price data
Owner earnings (normalized)
$87.0M
Est. intrinsic value / share
—
Recent price
$39.08
Discount to value
No price data

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

19 years of fundamentals

The business, in plain English

TOOTSIE ROLL INDUSTRIES INC booked $732.5M of revenue in FY2025 in the Consumer Staples sector and kept 35.3% of it as gross profit — a solid-margin business by that measure. After every other cost, 13.7% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $496.0M (FY2008) to $732.5M (FY2025) — about 2.3% a year compounded over 17 years.

It earned 9.0% on invested capital in FY2025, with a median of 9.0% across 17 filed years. The Returns on Capital filter above scores it 39/100.

TR's filings don't disclose total debt in a form the methodology can use, so leverage is treated as unmeasured — never assumed to be zero.

Put together: Balance-Sheet Safety is the strongest of the four filters (73/100) and Returns on Capital the weakest (39/100), which is how TR lands at 55/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2007–FY2025 · 19 fiscal years, normalized from TR’s SEC filings

RevenueSales, as filed$732.5M FY2025
$0$500M2007201320192025
Gross marginRevenue kept after cost of goods35.3% FY2025
0%20%40%2007201320192025
Return on invested capitalOperating profit on the capital employed9.0% FY2025
0%5%10%2007201320192025
Owner earningsCash an owner could take out$100.1M FY2025
$0$50M$100M2007201320192025

Gaps in a line mean that item isn’t in TR’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

3 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale54.8 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — TR has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Staples context

#22 of 66 scored Consumer Staples companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #20MAMA Mama's Creations, Inc.62.2Narrow moat
  2. #21GIS GENERAL MILLS, INC.56.5Shallow moat
  3. #23LWAY LIFEWAY FOODS, INC.52.1Shallow moat
  4. #24JJSF J&J SNACK FOODS CORP.52.0Shallow moat

Compare TR with its nearest peers →All Consumer Staples companies on the Index →

Common questions about TR

Does TOOTSIE ROLL INDUSTRIES INC have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores TOOTSIE ROLL INDUSTRIES INC (TR) 54.8 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 61, returns on capital 39, balance-sheet safety 73, capital discipline 51.
How has TR's Moat Score changed over time?
The record logs 3 readings since Jul 17, 2026; the latest reads 54.8 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.
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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell TR. See the disclaimer.

TOOTSIE ROLL INDUSTRIES INC (TR) Moat Score — The Moat Index · Buy Like Buffett