Tractor Supply Company

TSCO Consumer Cyclical Specialty Retail

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.

33.16 0.21 −0.63%
Market cap
$17.4B
P/E
17.3×
Fwd P/E
14.0×
Dividend yield
2.86%
F-score
6/9
Altman Z
4.83
Beneish M
−2.46
Dividend safety
87/100

Tractor Supply Company (TSCO) Return on invested capital

Alert me on Return on invested capital

Tractor Supply Company's return on invested capital over the twelve months to 30 June 2026 was 18.2%, down 3.7 percentage points from fiscal 2025 (21.9%). Over the past ten years it has ranged from 21.9% (fiscal 2025) to 39.0% (fiscal 2020) — the current reading is the lowest in ten years. That is above the Specialty Retail industry median of 0.00% and above the Consumer Cyclical sector median of 2.95%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 21.9% (1.72)
FY2024 23.7% (2.66)
FY2023 26.3% (3.20)
FY2022 29.5% (8.58)
FY2021 38.1% (0.86)
FY2020 39.0% 14.63
FY2019 24.3% 1.38
FY2018 22.9% (1.32)
FY2017 24.3% (1.27)
FY2016 25.5% (1.64)

Against its own ten years

Low 21.9% High 39.0%
Ten-year median 25.5%
Current reading's percentile 9

Return on invested capital against peers

Company Return on invested capital
WSM Williams-Sonoma, Inc. compare 86.4%
BBY Best Buy Co., Inc. compare 51.0%
FIVE Five Below, Inc. compare 38.0%
ULTA Ulta Beauty Inc. compare 36.4%
MUSA Murphy USA Inc. compare 20.6%
TSCO Tractor Supply Company 18.2%
CASY Casey's General Stores, Inc. compare 11.4%
DKS DICK'S Sporting Goods, Inc. compare 10.9%
GME GameStop Corp. compare 5.72%
Specialty Retail industry median 0.00%
Consumer Cyclical sector median 2.95%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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