Tractor Supply Financials
This page shows Tractor Supply (TSCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tractor Supply has an operating margin of 9.4%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 47/100, indicating healthy but not exceptional operating efficiency. This is down from 9.9% the prior year.
Tractor Supply's revenue grew a modest 4.3% year-over-year to $15.5B. This slow but positive growth earns a score of 41/100.
Tractor Supply carries a low D/E ratio of 0.68, meaning only $0.68 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.
Tractor Supply's current ratio of 1.34 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.
Tractor Supply's free cash flow margin of 4.8% results in a low score of 24/100. Capital expenditures of $894.8M absorb a large share of operating cash flow.
Tractor Supply earns a strong 42.5% return on equity (ROE), meaning it generates $42 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 48.5% the prior year.
Tractor Supply scores 4.90, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Tractor Supply passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Tractor Supply generates $1.49 in operating cash flow ($1.6B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Tractor Supply earns $21.2 in operating income for every $1 of interest expense ($1.5B vs $69.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Tractor Supply generated $15.5B in revenue in fiscal year 2025. This represents an increase of 4.3% from the prior year.
Tractor Supply's EBITDA was $2.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.4% from the prior year.
Tractor Supply generated $740.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 16.3% from the prior year.
Tractor Supply reported $1.1B in net income in fiscal year 2025. This represents a decrease of 0.5% from the prior year.
Tractor Supply earned $2.06 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1.0% from the prior year.
Tractor Supply held $194.1M in cash against $1.8B in long-term debt as of fiscal year 2025.
Tractor Supply paid $0.92 per share in dividends in fiscal year 2025. This represents an increase of 4.5% from the prior year.
Tractor Supply had 526M shares outstanding in fiscal year 2025. This represents a decrease of 1.0% from the prior year.
Tractor Supply's gross margin was 36.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
Tractor Supply's operating margin was 9.4% in fiscal year 2025, reflecting core business profitability. This is down 0.4 percentage points from the prior year.
Tractor Supply's net profit margin was 7.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.3 percentage points from the prior year.
Tractor Supply's ROE was 42.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.0 percentage points from the prior year.
Tractor Supply spent $361.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 35.6% from the prior year.
Tractor Supply invested $894.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 14.1% from the prior year.
TSCO Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9B+4.8% | $3.7B-16.2% | $4.4B+28.1% | $3.5B-8.1% | $3.8B+3.1% | $3.7B+7.3% | $3.4B-18.5% | $4.2B |
| Cost of Revenue | $2.5B+8.5% | $2.3B-16.8% | $2.8B+26.6% | $2.2B-9.5% | $2.4B+3.3% | $2.4B+9.5% | $2.2B-19.0% | $2.7B |
| Gross Profit | $1.4B-1.4% | $1.4B-15.3% | $1.6B+30.6% | $1.3B-5.6% | $1.3B+2.8% | $1.3B+3.4% | $1.3B-17.4% | $1.5B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $944.4M+2.4% | $922.5M-1.9% | $940.1M+6.1% | $886.2M-0.6% | $891.2M+4.2% | $855.6M+4.4% | $819.3M-4.0% | $853.2M |
| Operating Income | $297.7M-13.1% | $342.7M-40.7% | $577.8M+131.9% | $249.1M-21.7% | $318.4M-4.8% | $334.2M-2.0% | $340.9M-39.1% | $559.3M |
| Interest Expense | $16.9M+14.9% | $14.7M-18.4% | $18.0M-8.4% | $19.6M+14.2% | $17.2M+44.0% | $11.9M+25.3% | $9.5M-22.7% | $12.3M |
| Income Tax | $53.5M-22.3% | $68.8M-47.0% | $129.8M+158.9% | $50.1M-22.6% | $64.7M-13.0% | $74.4M-2.6% | $76.4M-39.3% | $125.8M |
| Net Income | $1.1B+322.8% | $259.3M-39.7% | $430.0M+139.8% | $179.4M-24.1% | $236.4M-4.6% | $247.9M-2.8% | $255.0M-39.5% | $421.2M |
| EPS (Diluted) | $0.42-14.3% | $0.49-39.5% | $0.81+138.2% | $0.34-20.9% | $0.43 | $-5.79-348.5% | $2.33-39.2% | $3.83 |
TSCO Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.9B+0.5% | $10.9B+3.0% | $10.6B+1.7% | $10.4B+5.9% | $9.8B+6.7% | $9.2B-0.2% | $9.2B+1.9% | $9.0B |
| Current Assets | $3.5B-3.8% | $3.6B+2.9% | $3.5B-3.1% | $3.7B+10.5% | $3.3B+1.4% | $3.3B-7.6% | $3.5B-1.2% | $3.6B |
| Cash & Equivalents | $194.1M+5.1% | $184.6M-18.2% | $225.8M-2.5% | $231.7M-7.9% | $251.5M-36.7% | $397.1M-5.8% | $421.7M-32.0% | $620.0M |
| Inventory | $3.1B-5.2% | $3.3B+5.3% | $3.1B-3.8% | $3.2B+13.2% | $2.8B+7.3% | $2.6B-6.6% | $2.8B+6.5% | $2.7B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $346.7M | N/A | N/A | N/A | $246.4M0.0% | $246.4M | N/A | N/A |
| Total Liabilities | $8.4B+0.6% | $8.3B+2.9% | $8.1B-1.0% | $8.1B+8.1% | $7.5B+7.1% | $7.0B-0.8% | $7.1B+2.1% | $6.9B |
| Current Liabilities | $2.6B-6.7% | $2.8B+1.4% | $2.8B+6.2% | $2.6B+12.1% | $2.3B+6.5% | $2.2B-6.1% | $2.3B+3.6% | $2.2B |
| Long-Term Debt | $1.8B+1.2% | $1.7B+4.2% | $1.7B-19.6% | $2.1B+13.7% | $1.8B+6.0% | $1.7B0.0% | $1.7B0.0% | $1.7B |
| Total Equity | $2.6B+0.3% | $2.6B+3.3% | $2.5B+11.2% | $2.2B-1.4% | $2.3B+5.6% | $2.1B+1.8% | $2.1B+1.1% | $2.1B |
| Retained Earnings | $7.5B+1.4% | $7.4B+1.9% | $7.3B+4.4% | $7.0B+0.8% | $6.9B+10.0% | $6.3B+2.2% | $6.1B+2.4% | $6.0B |
TSCO Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $324.8M+5.5% | $307.9M-60.8% | $785.8M+262.5% | $216.8M-58.1% | $517.2M+30.6% | $396.1M+154.6% | $155.6M-79.6% | $762.8M |
| Capital Expenditures | $265.6M-4.3% | $277.6M+31.9% | $210.4M+48.9% | $141.3M-42.6% | $246.0M+8.3% | $227.2M+28.2% | $177.1M-7.6% | $191.6M |
| Free Cash Flow | $59.3M+95.8% | $30.3M-94.7% | $575.4M+662.2% | $75.5M-72.2% | $271.2M+60.5% | $168.9M+884.6% | -$21.5M-103.8% | $571.1M |
| Investing Cash Flow | -$101.7M+55.4% | -$228.2M-21.6% | -$187.6M+28.1% | -$261.1M-42.0% | -$183.8M+7.4% | -$198.5M-80.3% | -$110.1M+41.1% | -$186.8M |
| Financing Cash Flow | -$213.7M-76.8% | -$120.8M+80.0% | -$604.1M-2565.2% | $24.5M+109.1% | -$268.2M-20.7% | -$222.3M+8.8% | -$243.8M-67.0% | -$146.0M |
| Dividends Paid | $121.4M-0.4% | $121.9M-0.1% | $122.0M-0.3% | $122.4M+4.3% | $117.3M+5.3% | $111.4M-0.5% | $112.0M-0.7% | $112.8M |
| Share Buybacks | $117.3M+58.4% | $74.0M+1.7% | $72.8M-23.4% | $95.1M-38.2% | $154.0M+35.1% | $114.0M-16.7% | $136.8M-13.1% | $157.4M |
TSCO Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.1%-2.2pp | 37.4%+0.4pp | 36.9%+0.7pp | 36.2%+1.0pp | 35.2%-0.1pp | 35.3%-1.3pp | 36.6%+0.5pp | 36.2% |
| Operating Margin | 7.6%-1.6pp | 9.2%-3.8pp | 13.0%+5.8pp | 7.2%-1.2pp | 8.4%-0.7pp | 9.1%-0.9pp | 10.0%-3.4pp | 13.4% |
| Net Margin | 28.1%+21.2pp | 7.0%-2.7pp | 9.7%+4.5pp | 5.2%-1.1pp | 6.3%-0.5pp | 6.8%-0.7pp | 7.5%-2.6pp | 10.1% |
| Return on Equity | 42.5%+32.4pp | 10.1%-7.2pp | 17.3%+9.3pp | 8.0%-2.4pp | 10.4%-1.1pp | 11.5%-0.6pp | 12.1%-8.1pp | 20.2% |
| Return on Assets | 10.0%+7.6pp | 2.4%-1.7pp | 4.1%+2.3pp | 1.7%-0.7pp | 2.4%-0.3pp | 2.7%-0.1pp | 2.8%-1.9pp | 4.7% |
| Current Ratio | 1.34+0.0 | 1.30+0.0 | 1.28-0.1 | 1.41-0.0 | 1.43-0.1 | 1.50-0.0 | 1.52-0.1 | 1.60 |
| Debt-to-Equity | 0.680.0 | 0.680.0 | 0.67-0.3 | 0.93+0.1 | 0.810.0 | 0.80-0.0 | 0.820.0 | 0.83 |
| FCF Margin | 1.5%+0.7pp | 0.8%-12.2pp | 13.0%+10.8pp | 2.2%-5.0pp | 7.2%+2.6pp | 4.6%+5.3pp | -0.6%-14.3pp | 13.7% |
Similar Companies
Frequently Asked Questions
What is Tractor Supply's annual revenue?
Tractor Supply (TSCO) reported $15.5B in total revenue for fiscal year 2025. This represents a 4.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tractor Supply's revenue growing?
Tractor Supply (TSCO) revenue grew by 4.3% year-over-year, from $14.9B to $15.5B in fiscal year 2025.
Is Tractor Supply profitable?
Yes, Tractor Supply (TSCO) reported a net income of $1.1B in fiscal year 2025, with a net profit margin of 7.1%.
What is Tractor Supply's earnings per share (EPS)?
Tractor Supply (TSCO) reported diluted earnings per share of $2.06 for fiscal year 2025. This represents a 1.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Tractor Supply's EBITDA?
Tractor Supply (TSCO) had EBITDA of $2.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tractor Supply have?
As of fiscal year 2025, Tractor Supply (TSCO) had $194.1M in cash and equivalents against $1.8B in long-term debt.
What is Tractor Supply's gross margin?
Tractor Supply (TSCO) had a gross margin of 36.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tractor Supply's operating margin?
Tractor Supply (TSCO) had an operating margin of 9.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Tractor Supply's net profit margin?
Tractor Supply (TSCO) had a net profit margin of 7.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Tractor Supply pay dividends?
Yes, Tractor Supply (TSCO) paid $0.92 per share in dividends during fiscal year 2025.
What is Tractor Supply's return on equity (ROE)?
Tractor Supply (TSCO) has a return on equity of 42.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Tractor Supply's free cash flow?
Tractor Supply (TSCO) generated $740.5M in free cash flow during fiscal year 2025. This represents a 16.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tractor Supply's operating cash flow?
Tractor Supply (TSCO) generated $1.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tractor Supply's total assets?
Tractor Supply (TSCO) had $10.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tractor Supply's capital expenditures?
Tractor Supply (TSCO) invested $894.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Tractor Supply buy back shares?
Yes, Tractor Supply (TSCO) spent $361.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Tractor Supply have outstanding?
Tractor Supply (TSCO) had 526M shares outstanding as of fiscal year 2025.
What is Tractor Supply's current ratio?
Tractor Supply (TSCO) had a current ratio of 1.34 as of fiscal year 2025, which is considered adequate.
What is Tractor Supply's debt-to-equity ratio?
Tractor Supply (TSCO) had a debt-to-equity ratio of 0.68 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tractor Supply's return on assets (ROA)?
Tractor Supply (TSCO) had a return on assets of 10.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tractor Supply's Altman Z-Score?
Tractor Supply (TSCO) has an Altman Z-Score of 4.90, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Tractor Supply's Piotroski F-Score?
Tractor Supply (TSCO) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tractor Supply's earnings high quality?
Tractor Supply (TSCO) has an earnings quality ratio of 1.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tractor Supply cover its interest payments?
Tractor Supply (TSCO) has an interest coverage ratio of 21.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tractor Supply?
Tractor Supply (TSCO) scores 55 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.