TSCO · Tractor Supply Co /De/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $15.52B | $14.88B | $14.56B | $14.20B | $12.73B | $10.62B |
| Cost of Revenue | $9.87B | $9.49B | $9.33B | $9.23B | $8.25B | $6.86B |
| Gross Profit | $5.65B | $5.40B | $5.23B | $4.97B | $4.48B | $3.76B |
| R&D | - | - | - | - | - | - |
| SG&A | $3.69B | $3.48B | $3.36B | $3.19B | $2.90B | $2.48B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $494.01M | $447.16M | $393.05M | $343.06M | $270.16M | $217.12M |
| Operating Income | $1.47B | $1.47B | $1.48B | $1.43B | $1.31B | $996.93M |
| Interest Expense | $54.59M | $30.63M | $46.51M | $30.63M | $26.61M | $28.78M |
| Income Tax | $302.16M | $311.70M | $325.18M | $315.60M | $282.97M | $219.19M |
| Net Income | $1.10B | $1.10B | $1.11B | $1.09B | $997.11M | $748.96M |
| EPS - Basic | $2.07 | $2.05 | $2.03 | $1.96 | $1.74 | $1.29 |
| EPS - Diluted | $2.06 | $2.04 | $2.02 | $1.94 | $1.72 | $1.28 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $194.11M | $251.49M | $397.07M | $202.50M | $878.03M | $1.34B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | $3.08B | $2.84B | $2.65B | $2.71B | $2.19B | $1.78B |
| Accounts Payable | $1.39B | $1.24B | $1.18B | $1.40B | $1.16B | $976.10M |
| Current Assets | $3.51B | $3.31B | $3.26B | $3.16B | $3.25B | $3.26B |
| Total Assets | $10.93B | $9.81B | $9.19B | $8.49B | $7.77B | $7.05B |
| Current Liabilities | $2.61B | $2.32B | $2.18B | $2.38B | $2.06B | $1.74B |
| Long-term Debt | $1.76B | $1.83B | $1.73B | $1.16B | $986.38M | $984.32M |
| Total Liabilities | $8.35B | $7.54B | $7.04B | $6.45B | $5.76B | $5.13B |
| Stockholders' Equity | $2.58B | $2.27B | $2.15B | $2.04B | $2.00B | $1.92B |
| Retained Earnings | $7.52B | $6.91B | $6.28B | $5.62B | $4.95B | $4.19B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.64B | $1.42B | $1.33B | $1.36B | $1.14B | $1.39B |
| Investing Cash Flow | ($778.58M) | ($643.92M) | ($653.07M) | ($1.09B) | ($627.34M) | ($292.21M) |
| Financing Cash Flow | ($914.06M) | ($922.50M) | ($486.39M) | ($938.78M) | ($975.11M) | $155.21M |
| CapEx | $894.77M | $784.05M | $753.88M | $773.37M | $628.43M | $294.00M |
| Free Cash Flow | $740.49M | $636.79M | $580.15M | $583.61M | $510.29M | $1.10B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 36.4% | 36.3% | 35.9% | 35.0% | 35.2% | 35.4% |
| Operating margin | 9.5% | 9.9% | 10.2% | 10.1% | 10.3% | 9.4% |
| EBITDA margin | 12.6% | 12.9% | 12.9% | 12.5% | 12.4% | 11.4% |
| Net margin | 7.1% | 7.4% | 7.6% | 7.7% | 7.8% | 7.1% |
| Free cash flow margin | 4.8% | 4.3% | 4.0% | 4.1% | 4.0% | 10.4% |
| FCF / Net income | 0.68 | 0.58 | 0.52 | 0.54 | 0.51 | 1.47 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 23.8% | 23.4% | 23.1% | 22.5% | 22.8% | 23.3% |
| Effective tax rate | 21.6% | 22.1% | 22.7% | 22.5% | 22.1% | 22.6% |
| Return on assets | 10.0% | 11.2% | 12.1% | 12.8% | 12.8% | 10.6% |
| Return on equity | 42.5% | 48.5% | 51.5% | 53.3% | 49.8% | 38.9% |
| Return on invested capital | 26.5% | 27.9% | 29.5% | 34.7% | 34.1% | 26.5% |
| Liquidity | ||||||
| Current ratio | 1.34 | 1.43 | 1.50 | 1.33 | 1.57 | 1.87 |
| Quick ratio | 0.16 | 0.20 | 0.28 | 0.19 | 0.51 | 0.85 |
| Cash ratio | 0.07 | 0.11 | 0.18 | 0.09 | 0.43 | 0.77 |
| Leverage | ||||||
| Debt / Equity | 0.68 | 0.81 | 0.80 | 0.57 | 0.49 | 0.51 |
| Debt / Assets | 0.16 | 0.19 | 0.19 | 0.14 | 0.13 | 0.14 |
| Debt / EBITDA | 0.90 | 0.96 | 0.92 | 0.65 | 0.63 | 0.81 |
| Interest coverage | 26.9x | 47.9x | 31.8x | 46.8x | 49.1x | 34.6x |
| Equity multiplier | 4.24 | 4.32 | 4.27 | 4.16 | 3.88 | 3.66 |
| Liabilities / Assets | 0.76 | 0.77 | 0.77 | 0.76 | 0.74 | 0.73 |
| Efficiency | ||||||
| Asset turnover | 1.42 | 1.52 | 1.58 | 1.67 | 1.64 | 1.51 |
| Inventory turnover | 3.20 | 3.34 | 3.53 | 3.41 | 3.77 | 3.85 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 114d | 109d | 104d | 107d | 97d | 95d |
| Days payable outstanding | 51d | 48d | 46d | 55d | 51d | 52d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 24.3x | 26.0x | 21.3x | 23.2x | 27.7x | 23.0x |
| P / B | 10.3x | 12.6x | 2.2x | 2.5x | 2.8x | 1.8x |
| P / S | 1.7x | 1.9x | 0.3x | 0.4x | 0.4x | 0.3x |
| EV / EBITDA | 14.4x | 15.8x | 3.2x | 3.4x | 3.6x | 2.5x |
| Growth | ||||||
| Revenue growth (YoY) | 4.3% | 2.2% | 2.5% | 11.6% | 19.9% | 46.4% |
| Revenue CAGR (3y) | 3.0% | 5.3% | 11.1% | 25.1% | - | - |
| Revenue CAGR (5y) | 7.9% | 15.5% | - | - | - | - |
| Gross profit growth (YoY) | 4.8% | 3.2% | 5.1% | 11.1% | 19.0% | 31.0% |
| Operating income growth (YoY) | -0.0% | -0.8% | 3.1% | 9.8% | 31.1% | 34.1% |
| Net income growth (YoY) | -0.5% | -0.5% | 1.7% | 9.2% | 33.1% | 33.2% |
| EPS growth (YoY) | 1.0% | 1.1% | 3.9% | 12.8% | 35.0% | -72.6% |
| EPS CAGR (3y) | 2.0% | 5.8% | 16.5% | -25.3% | -26.3% | -27.1% |
| EPS CAGR (5y) | 10.1% | -15.2% | -14.1% | -10.1% | -12.0% | -15.7% |
| FCF growth (YoY) | 16.3% | 9.8% | -0.6% | 14.4% | -53.6% | 85.2% |
| FCF CAGR (5y) | -7.6% | 1.4% | 6.9% | 8.9% | 4.3% | 41.7% |
| Book value growth (YoY) | 13.7% | 5.6% | 5.3% | 2.0% | 4.1% | 22.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-27.
Business segments
$15.52B totalReportable Segment$15.52B · 100.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.60
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Retail-Building Materials, Hardware, Garden Supply
Comparing TRACTOR SUPPLY CO /DE/ against the 4 most active filers in the same SIC group.
Dividends
$0.94/share trailing 12 months · +4.4% YoY
| Ex-date | Per share |
|---|---|
| May 27, 2026 | $0.2400 |
| Feb 24, 2026 | $0.2400 |
| Nov 24, 2025 | $0.2300 |
| Aug 25, 2025 | $0.2300 |
| May 28, 2025 | $0.2300 |
| Feb 26, 2025 | $0.2300 |
| Nov 25, 2024 | $0.2200 |
| Aug 26, 2024 | $0.2200 |
| May 24, 2024 | $0.2200 |
| Feb 23, 2024 | $0.2200 |
| Nov 24, 2023 | $0.2060 |
| Aug 25, 2023 | $0.2060 |
| May 26, 2023 | $0.2060 |
| Feb 24, 2023 | $0.2060 |
| Nov 18, 2022 | $0.1840 |
| Aug 19, 2022 | $0.1840 |
| May 24, 2022 | $0.1840 |
| Feb 17, 2022 | $0.1840 |
| Nov 19, 2021 | $0.1040 |
| Aug 20, 2021 | $0.1040 |
| May 21, 2021 | $0.1040 |
| Feb 19, 2021 | $0.1040 |
| Nov 20, 2020 | $0.0800 |
| Aug 21, 2020 | $0.0800 |