Tootsie Roll Industries Inc (TR)

Gross profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Gross profit US$ in thousands 253,180 256,840 227,201 194,508 170,361
Revenue US$ in thousands 723,217 769,365 681,440 566,043 471,063
Gross profit margin 35.01% 33.38% 33.34% 34.36% 36.17%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $253,180K ÷ $723,217K
= 35.01%

Tootsie Roll Industries Inc has shown a fluctuating trend in its gross profit margin over the past five years. Starting at 36.17% in December 2020, the gross profit margin decreased to 34.36% by December 2021. Subsequently, there was a further decline to 33.34% in December 2022. However, in December 2023, there was a slight increase to 33.38%, followed by a more significant improvement to 35.01% by December 2024.

The declining trend from 2020 to 2022 may indicate challenges in managing production costs or pricing strategies. The improvement in 2023 and 2024 suggests that the company may have implemented cost-saving measures or increased efficiencies in its operations. It is important for Tootsie Roll Industries Inc to continue monitoring and managing its gross profit margin effectively to ensure sustainable profitability and financial health.


Peer comparison

Dec 31, 2024

Company name
Symbol
Gross profit margin
Tootsie Roll Industries Inc
TR
35.01%
Hershey Co
HSY
47.32%
John B Sanfilippo & Son Inc
JBSS
20.07%