MARKETS / NASDAQ / TSCO

NASDAQ · RETAIL-BUILDING MATERIALS, HARDWARE, GARDEN SUPPLY · LARGE CAP

Tractor Supply Co. TSCO

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$15.5B

▲ 4.3% YoY

Net income

$1.1B

▼ 0.5% YoY

Free cash flow

$740.5M

▲ 16.3% YoY

In brief

What this company does

Tractor Supply Company operates retail stores under the Tractor Supply Company and Petsense by Tractor Supply names. Its merchandise is organized into five major categories: livestock, equine and agriculture supplies; companion animal products; seasonal and recreation items; truck, tool and hardware goods; and clothing, gift and décor merchandise. It also offers products through the Tractor Supply mobile application and online at TractorSupply.com, Petsense.com and Allivet.com. At December 27, 2025, it operated 2,602 retail stores in 49 states, comprising 2,395 Tractor Supply stores and 207 Petsense by Tractor Supply stores. As of December 27, 2025, it employed approximately 26,000 full-time and 26,000 part-time team members. On December 30, 2024, it completed the acquisition of Allivet, an online pet pharmacy, acquiring 100% of its equity interest for a purchase price of $135.0 million. Its distribution facilities, located in Arizona, Arkansas, Georgia, Indiana, Kentucky, Maryland, Nebraska, New York, Ohio and Texas, represent a total distribution center capacity of approximately 7.8 million square feet.

Written from the business description in TRACTOR SUPPLY CO /DE/'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

USD 15.5B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 15.5 · Net income 1.1

Compound annual growth

Revenue

+3.0%

+7.9%

+9.6%

+10.2%

Net income

+0.2%

+7.9%

+10.3%

+13.3%

Returned to shareholders

−8.5%

+10.4%

+7.9%

+19.5%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +7.9% a year over five years — but profit grew faster: net income at +7.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 9.5% · Net 7.1%

ROE

FY2025 · ROE 45.2%

Gross margin36.4%

Operating margin9.5%

Net margin7.1%

Return on assets10.6%

EBITDAUSD 2.0B

Each USD of equity produced 45 cents of profit this year.

Cash & shareholders

USD 848.9M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 0.7

Net buybacks $M Dividends $M

FY2025 · Dividends 487.7 · Net buybacks 361.3

Dividends paidUSD 487.7M

Net buybacksUSD 361.3M

Share of profit77.5%

Consecutive raises2 years (since the 2023 share-count change)

USD 487.7M in dividends and USD 361.3M in buybacks — 77% of the year's profit went back to shareholders.

Total assetsUSD 10.9B

EquityUSD 2.6B

CashUSD 194.1M

Gross debtUSD 1.8B

Net debtUSD 1.6B

Current ratio1.34×

Net debt stands at 61% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	15.5	14.9	14.6	14.2	12.7	10.6	8.4	7.9	7.3	6.8	6.2	5.7	5.2	4.7	4.2	3.6	3.2	3.0
Operating income $B	1.5	1.5	1.5	1.4	1.3	1.0	0.7	0.7	0.7	0.7	0.7	0.6	0.5	0.4	0.4	0.3	0.2	0.2
EBITDA $B	2.0	1.9	1.9	1.8	1.6	1.2	·	·	·	·	·	·	·	·	·	·	·	·
Income tax $B	0.3	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.2	0.3	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1
Net income $B	1.1	1.1	1.1	1.1	1.0	0.7	0.6	0.5	0.4	0.4	0.4	0.4	0.3	0.3	0.2	0.2	0.1	0.1
Free cash flow $B	0.7	0.6	0.6	0.6	0.5	1.1	0.6	0.4	0.4	0.4	0.2	0.2	0.1	0.2	0.1	0.1	0.1	0.1
EPS, diluted $	2.06	2.04	2.02	1.94	8.61	6.38	4.66	4.31	3.30	3.27	3.00	2.66	2.32	1.90	1.51	2.25	1.63	1.44
Dividend / sh $	0.92	0.88	0.82	0.74	2.08	1.50	1.36	1.20	1.05	0.92	0.76	0.61	0.49	0.36	0.22	0.28	0.00	0.00
Payout %	44	43	41	38	24	23	29	28	32	28	25	23	21	19	14	12	0	0
ROE %	45.2	49.8	52.8	53.8	50.8	42.9	35.9	35.7	29.4	30.7	30.5	29.2	28.9	27.2	22.9	19.6	16.7	16.6
Shares out B	0.53	0.53	0.54	0.11	0.11	0.12	0.12	0.12	0.13	0.13	0.13	0.14	0.14	0.14	0.07	0.07	0.07	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Tractor Supply Co.vsHome Depot, Inc.Same industry: Retail-Building Materials, Hardware, Garden Supply Tractor Supply Co.vsLowes Companies Inc.Same industry: Retail-Building Materials, Hardware, Garden Supply Tractor Supply Co.vsSherwin Williams Co.Same industry: Retail-Building Materials, Hardware, Garden Supply Tractor Supply Co.vsBuilders FirstSource, Inc.Same industry: Retail-Building Materials, Hardware, Garden Supply Tractor Supply Co.vsFastenal Co.Same industry: Retail-Building Materials, Hardware, Garden Supply Tractor Supply Co.vsFloor & Decor Holdings, Inc.Same industry: Retail-Building Materials, Hardware, Garden Supply Tractor Supply Co.vsGrowGeneration Corp.Same industry: Retail-Building Materials, Hardware, Garden Supply

Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityRetail-Building Materials, Hardware, Garden Supply

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 28

Data on record since2008