Friday 30 October 2026 Export TSCO’s income statement to Excel — free account

Tractor Supply Company

Tractor Supply Company’s revenue for fiscal 2025 (year ended December 2025) was $15.5 billion, up 4.31% from fiscal 2024. In the quarter to June 2026, revenue grew 2.29%, EPS fell 14.8%, free cash flow fell 38.5% and total debt rose 29.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten; insiders bought in the last twelve months.

33.88 0.23 +0.68%

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Market cap: $17.5B
P/E: 17.5×
Fwd P/E: 17.6×
Dividend yield: 2.83%
F-score: 6/9
Altman Z: 4.83
Beneish M: −2.46
Dividend safety: 87/100

Overview Business Profile Financial Analysis Segments Filings

Impairment Aug 6, 2026

All filings →

Insider Decisions trades per month

Total buys 0.65

Total sells 11.96

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	3	—	—
Sell	—	—	—	6	—	—	—	—	—	—	—	—

Insider Ownership 0.86%

Capital & Financial Ratios $m

Market Cap 17,530.00

Revenue 15,750.73

Net Income 1,011.91

Free Cash Flow 590.10

Net Debt 1,965.17

Current Ratio 1.33

Debt/Equity 0.83

P/E ratio 17.47

Fwd P/E 17.60

P/S ratio 1.12

P/B ratio 6.68

Past 5Y EPS Growth 10.05%

This Y EPS Growth (5.15%)

Next Y EPS Growth 5.67%

Next Y revenue growth 3.40%

Next 5Y EPS Growth 3.36%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 7.13%

10-year low 10-year high

P/S against its own 10 years 9.40%

10-year low 10-year high

P/B against its own 10 years 16.97%

10-year low 10-year high

EV/Sales against its own 10 years 12.64%

10-year low 10-year high

EV/FCF against its own 10 years 55.58%

10-year low 10-year high

Dividends

Payout Ratio 0.49

Annual Dividend Rate 0.95

Annual Dividend Yield 2.83%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.96	0.24 0.24 0.24
2025	0.92	0.23 0.23 0.23 0.23
2024	0.88	0.22 0.22 0.22 0.22
2023	0.82	0.21 0.21 0.21 0.21
2022	0.74	0.18 0.18 0.18 0.18
2021	0.42	0.10 0.10 0.10 0.10
2020	0.30	0.07 0.07 0.08 0.08
2019	0.27	0.06 0.07 0.07 0.07
2018	0.24	0.05 0.06 0.06 0.06
2017	0.21	0.05 0.05 0.05 0.05
2016	0.18	0.04 0.05 0.05 0.05

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	397	251	194	232
Receivables	2	22	27	206
Inventory	2,646	2,840	3,084	3,518
Other	—	—	—	—
	3,264	3,310	3,508	4,255

	2023	2024	2025	Q'26
Payables	1,180	1,236	1,391	1,760
ST’ Debt	—	—	—	—
Other	—	—	—	—
	2,177	2,319	2,614	3,190

Compound Annual Growth %

	10y	5y	3y
Sales	9.57%	7.89%	3.00%
Cash Flow	13.62%	3.24%	6.42%
Earnings	10.32%	7.91%	0.23%
Book Value	6.36%	6.06%	8.12%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.40 Actual 0.43

0.23 0.40 0.57 0.74 0.91

Q4 FY25 Miss −0.03

Q1 FY26 Miss −0.04

Q2 FY26 Miss −0.02

Q3 FY26 Beat +0.03

Q4 FY26 — Feb 4

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q4 FY25	0.46	0.43	Miss by 0.03
Q1 FY26	0.35	0.31	Miss by 0.04
Q2 FY26	0.83	0.81	Miss by 0.02
Q3 FY26	0.40	0.43	Beat by 0.03
Q4 FY26	0.41	—	Reports 4 February 2027

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.31	0.69	—	—	—
’25	0.34	0.81	0.49	0.43	2.06
’24	0.37	0.79	0.45	0.44	2.04
’23	0.33	0.77	0.47	0.46	2.02
’22	0.33	0.71	0.42	0.49	1.94
’21	0.31	0.64	0.39	0.39	1.72
’20	0.14	0.58	0.32	0.23	1.28

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,592	4,541	—	—	—
’25	3,467	4,440	3,719	3,898	15,524
’24	3,395	4,247	3,468	3,774	14,883
’23	3,299	4,185	3,412	3,660	14,556
’22	3,024	3,903	3,271	4,006	14,205
’21	2,792	3,602	3,018	3,319	12,731
’20	1,959	3,176	2,607	2,878	10,620

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	91	562	—	—	—
’25	217	786	308	325	1,635
’24	257	560	86	517	1,421
’23	20	763	156	396	1,334
’22	59	567	1	731	1,357
’21	177	632	63	267	1,139
’20	84	909	12	390	1,395

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(80)	368	—	—	—
’25	96	597	80	223	997
’24	105	381	(43)	333	777
’23	(138)	572	36	198	667
’22	(53)	414	(185)	409	585
’21	77	517	(103)	21	511
’20	55	853	(62)	257	1,102

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	12.30	9.97	11.65	16.06	12.78	27.63	33.30	37.00	42.35	46.85		+16.0%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	19.45	15.65	19.53	22.85	31.41	47.91	48.31	50.23	61.53	63.99		+14.1%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	26,000	28,000	29,000	32,000	41,000	46,000	49,000	50,000	52,000	52,000		+8.0%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	0.26	0.26	0.27	0.26	0.26	0.28	0.29	0.29	0.29	0.30		+1.5%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	6,780	7,256	7,911	8,352	10,620	12,731	14,205	14,556	14,883	15,524		+9.6%	16,052	16,673	17,531	+4.1%
	Gross margin, %	34.30	34.34	34.16	34.38	35.42	35.17	35.00	35.92	36.26	36.42		+2.1 pt	Powerpack Tractor Supply Company’s next three years, line by line Analysts expect revenue to grow 4.1% a year to 2028 — slower than the 9.6% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	688	673	683	723	968	1,280	1,404	1,432	1,413	1,398		+8.2%
	EBT margin, %	10.15	9.27	8.64	8.66	9.12	10.05	9.89	9.84	9.49	9.01		(1.1) pt
	Net income	437	423	532	562	749	997	1,089	1,107	1,101	1,096		+10.8%
	Depreciation	143	166	177	196	217	270	343	393	447	494		+14.8%
Per share, $
Per share, $	Revenue	10.20	11.37	12.90	13.95	18.25	22.18	25.52	26.68	27.72	29.29		+12.4%
	Earnings	0.66	0.66	0.87	0.94	1.29	1.74	1.96	2.03	2.05	2.07		+13.6%
	Cash flow	0.98	0.99	1.13	1.36	2.40	1.98	2.44	2.45	2.65	3.09		+13.6%
	Capex	(0.34)	(0.37)	(0.45)	(0.36)	(0.50)	(1.09)	(1.39)	(1.22)	(1.20)	(1.21)		+15.1%
	Free cash flow	0.64	0.61	0.68	1.00	1.89	0.89	1.05	1.22	1.45	1.88		+12.7%
	Book value	2.19	2.22	2.55	2.62	3.31	3.49	3.67	3.94	4.23	4.87		+9.3%
	Shares, m	665	638	613	599	582	574	557	545	537	530		(2.5%)
Valuation, ×
Valuation, ×	P/E	23.07	22.87	19.18	19.88	21.80	27.49	22.85	21.36	25.91	24.16		22.9
	P/S	1.49	1.33	1.29	1.34	1.54	2.15	1.75	1.62	1.91	1.71		1.6
	P/B	6.94	6.81	6.55	7.14	8.50	13.68	12.17	10.99	12.55	10.27		9.6
	EV/Sales	1.52	1.38	1.34	1.38	1.55	2.19	1.85	1.74	2.05	1.83		1.7
	EV/FCF	24.31	25.51	25.32	19.32	14.89	54.58	44.86	38.05	39.23	28.58		31.5
Cash, $m
Cash, $m	Operating cash flow	651	631	694	812	1,395	1,139	1,357	1,334	1,421	1,635		+10.8%
	Capex	(226)	(239)	(276)	(215)	(292)	(627)	(772)	(667)	(644)	(639)		+12.3%
	Free cash flow	425	392	418	597	1,102	511	585	667	777	997		+9.9%
Balance, $m
Balance, $m	Working capital	741	806	856	540	1,515	1,186	782	1,087	991	893		+2.1%
	Total debt	300	459	437	427	1,017	1,019	1,199	1,760	1,860	1,796		+22.0%
	Net debt	246	350	350	343	(324)	141	996	1,363	1,608	1,602		+23.1%
	Shareholders’ equity	1,453	1,419	1,562	1,567	1,924	2,003	2,042	2,150	2,270	2,581		+6.6%
Returns, %
Returns, %	ROA	17.33	15.25	17.88	13.43	12.14	13.46	13.39	12.53	11.60	10.57		(6.8) pt
	ROIC	25.53	24.26	22.94	24.32	38.95	38.09	29.51	26.31	23.65	21.93		(3.6) pt
	ROE	30.71	29.43	35.72	35.95	42.91	50.79	53.83	52.82	49.83	45.18		+14.5 pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Where the money comes from and where it goes Fiscal 2024

Fiscal 2024: revenue by segment, and margins
Reportable Segment	14,883	100.00%
Gross margin		36.26%
Operating margin		9.86%
Pre-tax margin		9.49%

Revenue by segment since 2023

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WSM Williams-Sonoma, Inc.	$30.6B	26.2×	25.5×	+6.70% (above 0%: growing)	+41.38% (above 0%: growing)	+108.42% (above 0%: growing)	51.64%	22.90%	Compare
ULTA Ulta Beauty Inc.	$27.7B	23.5×	21.6×	+8.87% (above 0%: growing)	+13.28% (above 0%: growing)	+96.46% (above 0%: growing)	39.10%	12.51%	Compare
CASY Casey's General Stores, Inc.	$25.1B	32.4×	32.8×	+24.33% (above 0%: growing)	+27.59% (above 0%: growing)	−30.95% (below 0%: shrinking)	21.82%	6.50%	Compare
BBY Best Buy Co., Inc.	$21.1B	16.6×	14.9×	+3.61% (above 0%: growing)	+69.32% (above 0%: growing)	+28.40% (above 0%: growing)	23.91%	4.31%	Compare
TSCO Tractor Supply Company	$17.5B	17.5×	17.6×	+2.29% (above 0%: growing)	−14.81% (below 0%: shrinking)	−38.48% (below 0%: shrinking)	37.05%	10.29%
FIVE Five Below, Inc.	$13.5B	21.7×	17.9×	+22.85% (above 0%: growing)	+415.38% (above 0%: growing)	+194.67% (above 0%: growing)	48.55%	21.83%	Compare
DKS DICK'S Sporting Goods, Inc.	$12.6B	15.0×	12.2×	+53.21% (above 0%: growing)	−26.35% (below 0%: shrinking)	−55.09% (below 0%: shrinking)	34.78%	7.89%	Compare
GME GameStop Corp.	$12.1B	12.0×	70.5×	−18.72% (below 0%: shrinking)	+76.32% (above 0%: growing)	+115.70% (above 0%: growing)	43.66%	20.27%	Compare
MUSA Murphy USA Inc.	$9.9B	16.1×	15.3×	+35.99% (above 0%: growing)	+52.42% (above 0%: growing)	−10.68% (below 0%: shrinking)	10.97%	4.48%	Compare
Median of peers	$17.3B	19.1×	19.8×	+15.86%	+46.90%	+62.43%	36.94%	10.20%

All 45 Specialty Retail stocks →

Business profile

Updated 26 October 2026

Tractor Supply is a U.S. retailer serving recreational farmers, ranchers, homesteaders, pet and animal owners, and other customers who live or shop for a rural lifestyle. It sells through Tractor Supply stores, Petsense by Tractor Supply stores, websites and a mobile application. Its stores are primarily in rural communities and towns outside major metropolitan markets.

The main Tractor Supply format combines indoor selling space with outside Side Lot or garden-center space. Customers can buy livestock and equine feed and equipment, fencing, poultry supplies, pet food and wellness products, lawn and garden products, power equipment, truck accessories, tools, workwear, footwear, gifts and décor. Petsense is a smaller pet-specialty format selling pet products and services. Allivet is its online pet and animal pharmacy and operates through Allivet.com and TractorSupply.com.

Read the full business profile →

Financial Analysis (summary)

Updated 22 October 2026

Tractor Supply reported revenue of $15.5 billion in FY2025 and $4.5 billion in Q2 FY2026. Net income was $1.1 billion in FY2025 and $360.7 million in Q2 FY2026, while diluted EPS was $2.06 in FY2025 and $0.69 in Q2 FY2026.

Revenue growth continued into the trailing period, with revenue of $15.8 billion in TTM to Q2 FY2026. However, net income, operating cash flow and free cash flow were lower over TTM to Q2 FY2026, while net debt reached $2.0 billion in Q2 FY2026.

Read the full analysis →

Pay and ownership Proxy statement filed 26 March 2026

Ownership

Directors and executive officers, together less than 1%

The Vanguard Group 12.20%

BlackRock, Inc. 9.20%

Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement