HD vs TSCO
Home Depot, Inc. and Tractor Supply Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | HD | TSCO |
|---|---|---|
| Revenue | $164.7B | $15.5B |
| Net income | $14.2B | $1.1B |
| Gross margin | 33.3% | 36.4% |
| Net margin | 8.6% | 7.1% |
| Return on equity | 145.5% | 45.2% |
| Diluted EPS | $14.23 | $2.06 |
| Dividend / share | $9.20 | $0.92 |
| Payout ratio | 64.7% | 44.5% |
| Free cash flow | $12.6B | $740.5M |
| Equity | $12.8B | $2.6B |
| Net debt / equity | 3.75× | 0.61× |
| Current ratio | 1.06× | 1.34× |
| Revenue CAGR 5y | 4.5% | 7.9% |
| Profit CAGR 5y | 1.9% | 7.9% |
HD bills 10.6× the revenue of TSCO, and keeps more of each dollar of revenue as profit (8.6% against 7.1%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | HD | TSCO |
|---|---|---|
| FY2025 | $164.7B | $15.5B |
| FY2024 | $159.5B | $14.9B |
| FY2023 | $152.7B | $14.6B |
| FY2022 | $157.4B | $14.2B |
| FY2021 | $151.2B | $12.7B |
| FY2020 | $132.1B | $10.6B |
| FY2019 | $110.2B | $8.4B |
| FY2018 | $108.2B | $7.9B |
| FY2017 | $100.9B | $7.3B |
| FY2016 | $94.6B | $6.8B |
Bottom line
| Fiscal year | HD | TSCO |
|---|---|---|
| FY2025 | $14.2B | $1.1B |
| FY2024 | $14.8B | $1.1B |
| FY2023 | $15.1B | $1.1B |
| FY2022 | $17.1B | $1.1B |
| FY2021 | $16.4B | $997.1M |
| FY2020 | $12.9B | $749.0M |
| FY2019 | $11.2B | $562.4M |
| FY2018 | $11.1B | $532.4M |
| FY2017 | $8.6B | $422.6M |
| FY2016 | $8.0B | $437.1M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$149,158,954,000 | HD |
| FY2024 | +$144,630,769,000 | HD |
| FY2023 | +$138,113,259,000 | HD |
| FY2022 | +$143,198,283,000 | HD |
| FY2021 | +$138,425,895,000 | HD |
| FY2020 | +$121,489,648,000 | HD |
| FY2019 | +$101,873,069,000 | HD |
| FY2018 | +$100,291,954,000 | HD |
| FY2017 | +$93,647,618,000 | HD |
| FY2016 | +$87,815,421,000 | HD |
| FY2015 | +$82,292,493,000 | HD |
| FY2014 | +$77,464,285,000 | HD |
| FY2013 | +$73,647,216,000 | HD |
| FY2012 | +$70,089,880,000 | HD |
| FY2011 | +$66,162,257,000 | HD |
| FY2010 | +$64,358,664,000 | HD |
| FY2009 | +$62,969,063,000 | HD |
| FY2008 | +$68,280,051,000 | HD |
HD has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +1.5 pp | HD |
| FY2024 | +1.9 pp | HD |
| FY2023 | +2.3 pp | HD |
| FY2022 | +3.2 pp | HD |
| FY2021 | +3.0 pp | HD |
| FY2020 | +2.7 pp | HD |
| FY2019 | +3.5 pp | HD |
| FY2018 | +3.5 pp | HD |
| FY2017 | +2.7 pp | HD |
| FY2016 | +2.0 pp | HD |
| FY2015 | +1.3 pp | HD |
| FY2014 | +1.1 pp | HD |
| FY2013 | +0.5 pp | HD |
| FY2012 | +0.1 pp | HD |
| FY2011 | +0.3 pp | HD |
| FY2010 | +0.3 pp | HD |
| FY2009 | +0.3 pp | HD |
| FY2008 | −0.4 pp | TSCO |
The higher net margin has changed hands between HD and TSCO over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HD's net margin has been more volatile than TSCO's over the 18 comparable fiscal years — 2.3 percentage points of standard deviation against 1.2.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between HD and TSCO over these 18 fiscal years — HD led in 17 and TSCO in 1.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HD's return on equity has been more volatile than TSCO's over the 13 comparable fiscal years — 303.5 percentage points of standard deviation against 11.3.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between HD and TSCO over these 13 fiscal years — HD led in 8 and TSCO in 5.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.