What is an income statement waterfall?

An income statement waterfall is a bar chart that walks from total revenue down to net income, with each step showing how much a cost or tax line removes (or adds). Subtotals — gross profit, operating income, pre-tax income — are anchored to zero so the cascade reconciles exactly to the bottom line.

How much of Tootsie Roll Industries (TR) revenue becomes net income?

For TTM through Q1 2026, Tootsie Roll Industries turned $735.61M of revenue into $99.66M of net income — a net margin of 13.5%. The waterfall shows where the rest goes: cost of revenue, operating expenses, non-operating items, and taxes.

What are Tootsie Roll Industries (TR) gross, operating, and net margins?

For TTM through Q1 2026, Tootsie Roll Industries reported a gross margin of 35.4%, an operating margin of 14.1%, and a net margin of 13.5%. Each subtotal in the waterfall corresponds to one of these margins.

Why does Tootsie Roll Industries (TR) have such a high (or low) gross margin?

Gross margin (gross profit ÷ revenue) reflects how much of each revenue dollar remains after direct production costs. Capital-light software and platform businesses often show gross margins above 60–80% because their cost of revenue is mainly hosting and support. Hardware, retail, and commodity businesses show lower gross margins because raw materials and manufacturing costs are significant. The waterfall makes this visible at a glance — the size of the "Cost of Revenue" bar relative to Revenue is the gross margin complement.

What is the difference between gross, operating, and net margin?

Gross margin = (Revenue − Cost of Revenue) ÷ Revenue. It measures production efficiency. Operating margin = Operating Income ÷ Revenue. It adds operating expenses (R&D, S&M, G&A) and measures the profitability of core operations. Net margin = Net Income ÷ Revenue. It also includes interest, other income/expense, and taxes, and represents the shareholder take after everything.

Tootsie Roll Industries (TR) Income Statement Waterfall

Revenue

$735.61M

Gross Margin

+35.4%

Operating Margin

+14.1%

Net Margin

+13.5%

Income statement waterfall for Tootsie Roll Industries (TR) — TTM through Q1 2026

Net income: $99.66M

Margin breakdown for Tootsie Roll Industries (TR) — TTM through Q1 2026

Line item	Amount	Running total
Revenue	$735.61M	$735.61M
Cost of Revenue	−$475.43M	$260.18M
Gross Profit	$260.18M	$260.18M
Operating Expenses	−$156.19M	$103.98M
Operating Income	$103.98M	$103.98M
Other Income / Expense	$33.77M	$137.76M
Pre-tax Income	$137.76M	$137.76M
Income Tax	−$38.19M	$99.57M
Net Income	$99.66M	$99.66M

Revenue$735.61M
Cost of Revenue−$475.43M
Gross Profit$260.18M
Operating Expenses−$156.19M
Operating Income$103.98M
Other Income / Expense$33.77M
Pre-tax Income$137.76M
Income Tax−$38.19M
Net Income$99.66M

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Tootsie Roll Industries (TR) Key Financials

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Income statement waterfall for Tootsie Roll Industries (TR) — TTM through Q1 2026

Margin breakdown for Tootsie Roll Industries (TR) — TTM through Q1 2026

Frequently asked questions

+What is an income statement waterfall?

+How much of Tootsie Roll Industries (TR) revenue becomes net income?

+What are Tootsie Roll Industries (TR) gross, operating, and net margins?

+Why does Tootsie Roll Industries (TR) have such a high (or low) gross margin?

+What is the difference between gross, operating, and net margin?

Data & methodology

+What is this view?

+How to read this waterfall

+How is the data calculated?

+What is the USD toggle?

Tootsie Roll Industries (TR) Key Financials

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