Tractor Supply Company (TSCO) Stock Analysis
Consumer Cyclical · Specialty Retail · NasdaqGS
Tractor Supply Company (TSCO) posted $15.52B in revenue for fiscal 2025 (up 4.3% year over year), at a 7.1% net margin, and has compounded revenue about 7.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Tractor Supply Company
Tractor Supply Company has grown revenue from $0 to $15.52B over the last 10 fiscal years, compounding about 7.9% a year. The most recent year was up 4.3%, so growth has cooled from its longer-run pace.
Net margin sits at 7.1%, down 0.3 points year over year on a 36.4% gross margin. It carries about $150.00M of total debt.
At today's valuation the market is pricing in roughly 8.9% annual free-cash-flow growth — versus the -7.6% it actually delivered over the last five years, so the price already assumes a step-up from the recent record.
Synthesised from Tractor Supply Company's SEC filings — descriptive, not advice. Ask the analyst your own question →
Tractor Supply Company revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $7.26B | $7.91B | $8.35B | $10.62B | $12.73B | $14.20B | $14.56B | $14.88B | $15.52B |
| Gross profit | $2.33B | $2.49B | $2.70B | $2.87B | $3.76B | $4.48B | $4.97B | $5.23B | $5.40B | $5.65B |
| Net income | $437.12M | $422.60M | $532.36M | $562.35M | $748.96M | $997.11M | $1.09B | $1.11B | $1.10B | $1.10B |
| Net margin | — | 5.8% | 6.7% | 6.7% | 7.1% | 7.8% | 7.7% | 7.6% | 7.4% | 7.1% |
Source: Tractor Supply Company SEC filings (10-K). 18 years of history available in the interactive view.
Tractor Supply Company: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into TSCO stock?
At today's market cap of $16.14B, Tractor Supply Company is priced for free-cash-flow growth of about 8.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $740.49M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -7.6%/yr over the last five fiscal years and revenue 7.9%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Tractor Supply Company financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Tractor Supply Company financial history by metric
Compare Tractor Supply Company with peers
About Tractor Supply Company
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company provides various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; companion animal products, such as food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise. It offers its products under the 4health, Paws & Claws, American Farmworks, Producer's Pride, Bit & Bridle, Red Shed, Blue Mountain, Redstone, C.E. Schmidt, Retriever, Country Lane, Ridgecut, Countyline, Royal Wing, Country Tuff, Strive, Dumor, Traveller, Farm Table, Treeline, Groundwork, TSC Tractor Supply Co, Huskee, Untamed, JobSmart, and Impeckable brand names. The company operates its retail stores under the Tractor Supply Company, Petsense by Tractor Supply, and Orscheln Farm and Home names; and operates websites under the TractorSupply.com and Petsense.com names. It sells its products to recreational farmers, ranchers, and others. Tractor Supply Company was founded in 1938 and is based in Brentwood, Tennessee.
Tractor Supply Company — frequently asked questions
What is Tractor Supply Company's revenue?
Tractor Supply Company (TSCO) reported revenue of $15.52B for fiscal year 2025, up 4.3% from the prior year, according to its SEC filings.
Is Tractor Supply Company profitable?
Yes. TSCO earned net income of $1.10B in fiscal 2025, a net margin of 7.1%.
What is TSCO's P/E ratio?
Tractor Supply Company trades at a price-to-earnings ratio of about 16.0 based on the latest data in our nightly-refreshed cache.
How fast is Tractor Supply Company growing?
TSCO's revenue grew at roughly 7.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Tractor Supply Company have?
As of fiscal year 2025, TSCO carried roughly $150.00M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Tractor Supply Company's gross margin?
TSCO's gross margin was 36.4% in fiscal 2025 — gross profit of $5.65B on revenue of $15.52B.
What is Tractor Supply Company's market cap?
Tractor Supply Company (TSCO) has a market capitalization of about $16.14B, based on the latest data in our nightly-refreshed cache.
When does Tractor Supply Company's fiscal year end?
TSCO's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into TSCO stock?
At today's market cap of $16.14B, Tractor Supply Company is priced for free-cash-flow growth of about 8.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $740.49M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -7.6%/yr over the last five fiscal years and revenue 7.9%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Tractor Supply Company's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.