TSCO Financials Tractor Supply

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 7.9% per year over the past 5 years.
Net income has grown in line with revenue (7.9% vs 7.9% per year).
Operating margin has been roughly flat, at 9.5% in the latest year.
Free cash flow has declined 7.6% per year over the past 5 years.

Financial health

The company holds more cash ($194M) than total debt ($150M).
Total debt has grown slower than revenue (0.0% vs 7.9% per year).
Operating income covered interest expense 21× in the latest year, down from 35× 5 years ago.
Total debt is 0.1× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 44.5% of earnings and 65.9% of free cash flow.
The dividend has grown 22.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$15.5B	$1.1B	36.4%	9.5%	$740M	$150M	$194M
2024	$14.9B	$1.1B	36.3%	9.9%	$637M	$150M	$251M
2023	$14.6B	$1.1B	35.9%	10.2%	$580M	$150M	$397M
2022	$14.2B	$1.1B	35.0%	10.1%	$584M	$150M	$203M
2021	$12.7B	$997M	35.2%	10.3%	$510M	$150M	$878M
2020	$10.6B	$749M	35.4%	9.4%	$1.1B	$150M	$1.3B
2019	$8.4B	$562M	34.4%	8.9%	$594M	$150M	$84M
2018	$7.9B	$532M	34.2%	8.9%	$416M	$150M	$86M
2017	$7.3B	$423M	34.3%	9.5%	$381M	$150M	$109M
2016	—	$437M	—	—	$425M	$0	$54M
2015	—	$410M	—	—	$220M	$150M	$64M
2014	—	$371M	—	—	$249M	—	$51M
2013	—	$328M	—	—	$115M	—	$143M
2012	—	$276M	—	—	$225M	—	$139M
2011	—	$223M	—	—	$88M	—	$177M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$3.6B	$165M	36.2%	6.5%	-$111M	$2.1B	$224M
Dec '25	$3.9B	$1.1B	35.1%	7.6%	$59M	$150M	$194M
Sep '25	$3.7B	$259M	37.4%	9.2%	$30M	$1.7B	$185M
Jun '25	$4.4B	$430M	36.9%	13.0%	$575M	$1.7B	$226M
Mar '25	$3.5B	$179M	36.2%	7.2%	$75M	$2.1B	$232M
Dec '24	$3.8B	$236M	35.2%	8.4%	$271M	$150M	$251M
Sep '24	$3.5B	$241M	37.2%	9.4%	-$102M	$1.8B	$186M
Jun '24	$4.2B	$425M	36.6%	13.2%	$367M	$1.7B	$395M
Mar '24	$3.4B	$198M	36.0%	7.8%	$100M	$1.7B	$264M
Dec '23	$3.7B	$248M	35.3%	9.1%	$169M	$150M	$397M
Sep '23	$3.4B	$255M	36.6%	10.0%	-$22M	$1.7B	$422M
Jul '23	$4.2B	$421M	36.2%	13.4%	$571M	$1.7B	$620M
Apr '23	$3.3B	$183M	35.5%	7.4%	-$138M	$1.6B	$190M
Dec '22	$4.0B	$271M	34.0%	9.0%	$408M	$150M	$203M
Sep '22	$3.3B	$234M	35.6%	9.4%	-$185M	$1.1B	$211M
Jun '22	$3.9B	$396M	35.5%	13.5%	$414M	$987M	$531M
Mar '22	$3.0B	$187M	34.9%	8.1%	-$53M	$987M	$405M
Dec '21	$3.3B	$221M	33.8%	8.8%	$21M	$150M	$878M
Sep '21	$3.0B	$224M	36.0%	9.8%	-$103M	$986M	$1.1B
Jun '21	$3.6B	$370M	35.7%	13.5%	$517M	$985M	$1.4B

Valuation over time

How the market has priced TSCO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 22.4× (Mar '23) to 14.7× (Jun '26).
The price-to-sales ratio has fallen from 1.7× (Mar '23) to 1.0× (Jun '26).
The dividend yield has risen from 1.7% (Mar '23) to 3.0% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is TSCO growing its revenue and profit?

Over the past 5 years, Tractor Supply's revenue has grown 7.9% per year, and net income grown 7.9% per year. These are computed facts, not advice.

How much debt does TSCO have?

As of FY2025, Tractor Supply reported $150M of total debt against $194M of cash; operating income covered interest expense 21×.

What is TSCO's profit margin?

In FY2025, gross margin was 36.4%, operating margin 9.5%, and net margin 7.1%.

What is TSCO's P/E ratio?

As of Jun '26, Tractor Supply traded at a price-to-earnings ratio of about 14.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.