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Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company provides various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; companion animal products, such as food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise. It offers its products under the 4health, Paws & Claws, American Farmworks, Producer's Pride, Bit & Bridle, Red Shed, Blue Mountain, Redstone, C.E. Schmidt, Retriever, Country Lane, Ridgecut, Countyline, Royal Wing, Country Tuff, Strive, Dumor, Traveller, Farm Table, Treeline, Groundwork, TSC Tractor Supply Co, Huskee, Untamed, JobSmart, and Impeckable brand names. The company operates its retail stores under the Tractor Supply Company, Petsense by Tractor Supply, and Orscheln Farm and Home names; and operates websites under the TractorSupply.com and Petsense.com names. It sells its products to recreational farmers, ranchers, and others. Tractor Supply Company was founded in 1938 and is based in Brentwood, Tennessee.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $15.5B | $2.0B | $1.1B | $740M | 42.5% | 4.3% | -0.5% |
| 2024 | $14.9B | $1.9B | $1.1B | $637M | 48.5% | 2.2% | -0.5% |
| 2023 | $14.6B | $1.9B | $1.1B | $580M | 51.5% | 2.5% | 1.7% |
| 2022 | $14.2B | $1.8B | $1.1B | $584M | 53.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 14,204.72 | 14,555.74 | 14,883.23 | 15,524.05 |
| Operating Revenue | - | 14,204.72 | 14,555.74 | 14,883.23 | 15,524.05 |
| Cost Of Revenue | - | 9,232.51 | 9,327.52 | 9,486.67 | 9,869.54 |
| Gross Profit | - | 4,972.20 | 5,228.22 | 5,396.56 | 5,654.51 |
| Operating Expense | - | 3,537.26 | 3,749.31 | 3,929.02 | 4,187.12 |
| Selling General And Administration | - | 3,194.20 | 3,356.26 | 3,481.86 | 3,693.11 |
| Total Expenses | - | 12,769.77 | 13,076.83 | 13,415.70 | 14,056.66 |
| Operating Income | - | 1,434.94 | 1,478.91 | 1,467.53 | 1,467.39 |
| Total Operating Income As Reported | - | 1,434.94 | 1,478.91 | 1,467.53 | 1,467.39 |
| EBITDA | - | 1,778 | 1,871.96 | 1,914.69 | 1,961.40 |
| Normalized EBITDA | - | 1,778 | 1,871.96 | 1,914.69 | 1,961.40 |
| EBIT | - | 1,434.94 | 1,478.91 | 1,467.53 | 1,467.39 |
| Interest Expense | - | 30.63 | 46.51 | 54.59 | 69.14 |
| Net Interest Income | - | -30.63 | -46.51 | -54.59 | -69.14 |
| Interest Expense Non Operating | - | 30.63 | 46.51 | 54.59 | 69.14 |
| Net Non Operating Interest Income Expense | - | -30.63 | -46.51 | -54.59 | -69.14 |
| Pretax Income | - | 1,404.31 | 1,432.40 | 1,412.94 | 1,398.24 |
| Tax Provision | - | 315.60 | 325.18 | 311.70 | 302.16 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 1,088.71 | 1,107.23 | 1,101.24 | 1,096.09 |
| Net Income From Continuing And Discontinued Operation | - | 1,088.71 | 1,107.23 | 1,101.24 | 1,096.09 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,088.71 | 1,107.23 | 1,101.24 | 1,096.09 |
| Net Income | - | 1,088.71 | 1,107.23 | 1,101.24 | 1,096.09 |
| Net Income Common Stockholders | - | 1,088.71 | 1,107.23 | 1,101.24 | 1,096.09 |
| Net Income Including Noncontrolling Interests | - | 1,088.71 | 1,107.23 | 1,101.24 | 1,096.09 |
| Normalized Income | - | 1,088.71 | 1,107.23 | 1,101.24 | 1,096.09 |
| Diluted NI Availto Com Stockholders | - | 1,088.71 | 1,107.23 | 1,101.24 | 1,096.09 |
| Basic Average Shares | - | 556.68 | 545.48 | 536.95 | 529.96 |
| Diluted Average Shares | - | 560.74 | 548.73 | 539.65 | 532.18 |
| Reconciled Depreciation | - | 343.06 | 393.05 | 447.16 | 494.01 |
| Reconciled Cost Of Revenue | - | 9,232.51 | 9,327.52 | 9,486.67 | 9,869.54 |
| Total Unusual Items | 0 | 0 | - | - | - |
| Total Unusual Items Excluding Goodwill | 0 | 0 | - | - | - |
| Special Income Charges | 0 | 0 | - | - | - |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Depreciation Amortization Depletion Income Statement | - | 343.06 | 393.05 | 447.16 | 494.01 |
| Depreciation And Amortization In Income Statement | - | 343.06 | 393.05 | 447.16 | 494.01 |
| Average Dilution Earnings | 0 | 0 | 0 | - | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tractor Supply Companythis co. | TSCO | $15.4B | 14.05 | 5.97 | 42.5% | 10.78 |
| Amcor plc | AMCR | $17.4B | 34.06 | 1.48 | 4.4% | 17.86 |
| NVR, Inc. | NVR | $16.7B | 12.45 | 4.31 | 34.7% | 8.71 |
| Aptiv PLC | APTV | $15.4B | 93.52 | 1.68 | 1.8% | 9.54 |
| Deckers Outdoor Corporation | DECK | $15.1B | 14.78 | 6.05 |
| - |
| - |
| - |
| - |
| - |
| - |
| 41.0% |
| 9.68 |
| Best Buy Co., Inc. | BBY | $15.0B | 13.99 | 5.05 | 36.1% | 7.60 |
| lululemon athletica inc. | LULU | $14.9B | 9.46 | 3.01 | 31.8% | 5.51 |
| Ball Corporation | BALL | $14.0B | 15.39 | 2.59 | 16.8% | 9.61 |
| Genuine Parts Company | GPC | $13.7B | 208.08 | 3.10 | 1.5% | 26.24 |
| Peer Median | - | 15.08 | 3.06 | 24.3% | 9.58 | |