TRACTOR SUPPLY CO /DE/ TSCO

Consumer discretionary SIC 5200 - Retail-Building Materials, Hardware, Garden Supply NAICS Retail Trade › Building Material and Garden Equipment and Supplies Dealers derived Nasdaq

Tractor Supply Company (the "Company" or "Tractor Supply" or "we" or "our" or "us") is the largest rural lifestyle retailer in the United States ("U.S."). The Company is focused on supplying the needs of recreational farmers, ranchers, and all those who enjoy living the rural lifestyle (which we refer to as the "Out Here" lifestyle). We operate retail stores under the names Tractor Supply Company and Petsense by Tractor Supply. Our stores are located primarily in towns outlying major metropolitan markets and in rural communities. We also offer an expanded assortment of products through the Tractor Supply mobile application and online at TractorSupply.com, Petsense.com, and Allivet.com.

On December 30, 2024, the Company completed its acquisition of Allivet, an online pet pharmacy. Pursuant to the agreement governing the transaction, the Company acquired 100% of the equity interest in Allivet for a purchase price of $135.0 million. The acquisition was financed with cash on hand from the balance sheet.

Last close 33.42 2026-10-23
Market cap $17.41B 2026-06-27 share count
52-week range 28.36 - 56.94

Valuation FY2025 figures against the last close

P/S1.1x
P/E16.2x
P/FCF23.5x
EV/EBITDA9.7x
Dividend yield2.8%
Diluted EPS2.06

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $15.52B$14.88B$14.56B$14.20B$12.73B$10.62B$8.35B$7.91B$7.26B$6.78B
Cost of revenue $9.87B$9.49B$9.33B$9.23B$8.25B$6.86B$5.48B$5.21B$4.76B$4.45B
Gross profit $5.65B$5.40B$5.23B$4.97B$4.48B$3.76B$2.87B$2.70B$2.49B$2.33B
SG&A $3.69B$3.48B$3.36B$3.19B$2.90B$2.48B$1.93B$1.82B$1.64B$1.49B
Operating income $1.47B$1.47B$1.48B$1.43B$1.31B$996.9M$743.2M$701.7M$686.4M$694.1M
Interest expense $69.1M$54.6M$46.5M$30.6M$26.6M$28.8M$19.8M$18.4M$13.9M$5.8M
Pre-tax income $1.40B$1.41B$1.43B$1.40B$1.28B$968.1M$723.4M$683.4M$672.5M$688.3M
Income tax $302.2M$311.7M$325.2M$315.6M$283.0M$219.2M$161.0M$151.0M$249.9M$251.2M
Net income $1.10B$1.10B$1.11B$1.09B$997.1M$749.0M$562.4M$532.4M$422.6M$437.1M
EPS, basic 2.072.052.031.968.696.444.704.343.313.29
EPS, diluted 2.062.042.021.948.616.384.664.313.303.27
Shares, diluted (wtd. avg.) 532.2M539.7M548.7M560.7M115.8M117.4M120.7M123.5M128.2M133.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $194.1M$251.5M$397.1M$202.5M$878.0M$1.34B$84.2M$86.3M$109.1M$53.9M
Inventory $3.08B$2.84B$2.65B$2.71B$2.19B$1.78B$1.60B$1.59B$1.45B$1.37B
Total current assets $3.51B$3.31B$3.26B$3.16B$3.25B$3.26B$1.79B$1.79B$1.66B$1.52B
Property, plant and equipment $3.03B$2.73B$2.44B$2.08B$1.62B$1.25B$1.16B$1.13B$1.04B$962.3M
Goodwill $346.7M$246.4M$246.4M$230.2M$32.4M$10.3M$10.3M$10.3M$93.2M$94.4M
Other intangibles $52.0M$23.1M$23.1M$23.1M$23.1M—————
Total assets $10.93B$9.81B$9.19B$8.49B$7.77B$7.05B$5.29B$3.09B$2.87B$2.67B
Accounts payable $1.39B$1.24B$1.18B$1.40B$1.16B$976.1M$643.0M$620.0M$576.6M$519.5M
Total current liabilities $2.61B$2.32B$2.18B$2.38B$2.06B$1.74B$1.25B$938.1M$849.2M$777.2M
Long-term debt $1.76B$1.83B$1.73B$1.16B$986.4M$984.3M$366.5M$381.1M$401.1M$263.9M
Total liabilities $8.35B$7.54B$7.04B$6.45B$5.76B$5.13B$3.72B$1.52B$1.45B$1.22B
Retained earnings $7.52B$6.91B$6.28B$5.62B$4.95B$4.19B$3.61B$3.21B$2.83B$2.54B
Total equity $2.58B$2.27B$2.15B$2.04B$2.00B$1.92B$1.57B$1.56B$1.42B$1.45B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.64B$1.42B$1.33B$1.36B$1.14B$1.39B$811.7M$694.4M$631.5M$650.7M
Depreciation and amortisation $494.0M$447.2M$393.0M$343.1M$270.2M$217.1M————
Stock-based compensation $57.1M$48.4M$57.0M$53.8M$47.6M$37.3M$31.1M$28.9M$29.2M$23.6M
Capital expenditure $894.8M$784.0M$753.9M$773.4M$628.4M$294.0M$217.4M$278.5M$250.4M$226.0M
Investing cash flow -$778.6M-$643.9M-$653.1M-$1.09B-$627.3M-$292.2M-$215.0M-$276.3M-$238.0M-$369.3M
Financing cash flow -$914.1M-$922.5M-$486.4M-$938.8M-$975.1M$155.2M-$598.8M-$440.9M-$338.3M-$291.3M
Dividends paid $487.7M$472.5M$449.6M$409.6M$239.0M$174.7M$162.7M$147.1M$133.8M$122.3M
Buybacks $361.3M$560.6M$594.4M$700.1M$798.9M$343.0M$533.3M$349.8M$369.4M$331.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000916365-26-000014.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B 20B Revenue, FY2016: 6.8B Gross profit, FY2016: 2.3B Net income, FY2016: 437.1M Revenue, FY2017: 7.3B Gross profit, FY2017: 2.5B Net income, FY2017: 422.6M Revenue, FY2018: 7.9B Gross profit, FY2018: 2.7B Net income, FY2018: 532.4M Revenue, FY2019: 8.4B Gross profit, FY2019: 2.9B Net income, FY2019: 562.4M Revenue, FY2020: 10.6B Gross profit, FY2020: 3.8B Net income, FY2020: 749M Revenue, FY2021: 12.7B Gross profit, FY2021: 4.5B Net income, FY2021: 997.1M Revenue, FY2022: 14.2B Gross profit, FY2022: 5B Net income, FY2022: 1.1B Revenue, FY2023: 14.6B Gross profit, FY2023: 5.2B Net income, FY2023: 1.1B Revenue, FY2024: 14.9B Gross profit, FY2024: 5.4B Net income, FY2024: 1.1B Revenue, FY2025: 15.5B Gross profit, FY2025: 5.7B Net income, FY2025: 1.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $6.78B $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 $437.1M $422.6M $532.4M $562.4M $749.0M $997.1M $1.09B $1.11B $1.10B $1.10B

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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