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Tractor Supply Company TSCO SPX

Consumer Cyclical · Specialty Retail · United States
https://www.tractorsupply.com

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.

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$31.53
-33.50% 1Y

Market & Price

Market Cap
$16.54B
Current Price
$31.53
High / Low (52W)
$61.60 / $29.56
Beta
0.50

Valuation

Stock P/E
15.53
Industry PE
22.37
Forward P/E
13.62
PEG Ratio
1.39
Book Value
$4.90
Price to Book
6.44
P/S
1.06
EV/EBITDA
11.64
Dividend Yield
3.04%

Profitability & Returns

ROCE
17.64%
ROE
45.50%
ROA
8.23%
Profit Margin
6.91%
Op Margin
6.50%
EPS (Latest Qtr)
$0.31
EPS (TTM)
$2.03

Balance Sheet & Liquidity

Debt/Equity
2.55
Quick Ratio
0.08
Current Ratio
1.38
Debt
$6.41B
Total Assets
$10.93B
Current Assets
$3.51B
Working Capital
$893.35M

Ownership

Promoter Holding
0.25%
Chg in Prom Hold
-
FII / Inst Holding
95.99%
Chg in FII Hold
0.03%

Financial Snapshot

Enterprise Value
$22.72B
Total Revenue (TTM)
$15.65B
EBITDA
$1.95B
Free Cash Flow
$350.73M
Operating Cash Flow
$1.51B
Shares Outstanding
524.45M
Gross Margin
36.43%
Payout Ratio
45.81%

Growth (CAGR)

Revenue 5Y
3.00%
Profit 5Y
0.23%
Revenue (YoY)
3.60%
Earnings (YoY)
-8.10%

PROS

  • Strong return on equity of 45.5%.
  • Attractive dividend yield of 3.04%.
  • Generates positive free cash flow.

CONS

  • Trading 48.8% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 TSCO Tractor Supply Company SPX 31.53 15.53 $16.54B 3.04% 17.64% 45.50% 3.00% 0.23%
2 AMZN Amazon.com, Inc. NDXSPXAI 270.64 31.65 $2.91T - 16.60% 24.29% 11.73% 984.47%
3 TSLA Tesla, Inc. NDXSPXAI 435.79 399.81 $1.64T - 5.29% 4.90% 5.19% -32.94%
4 HD The Home Depot, Inc. SPX 317.14 22.52 $316.23B 2.94% 28.92% 128.38% 1.52% -6.11%
5 MCD McDonald's Corporation SPX 279.20 23.04 $198.37B 2.66% 22.63% - 5.06% 11.50%
6 TJX The TJX Companies, Inc. SPX 154.75 30.11 $171.12B 1.24% 32.91% 61.25% 6.53% 16.24%
7 BKNG Booking Holdings Inc. NDXSPX 167.43 22.09 $129.74B 0.96% 67.24% - 16.35% 20.90%
8 LOW Lowe's Companies, Inc. SPX 214.36 18.12 $120.26B 2.24% 29.62% - -3.85% 1.11%
9 PDD PDD Holdings Inc. NDX 84.44 8.87 $120.19B - 28.69% 25.40% 49.00% 45.85%
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Quarterly Results

Figures in USD.

Metric Sep 2013Mar 2014Jun 2014Sep 2014Mar 2015Jun 2015Sep 2015Mar 2016Jun 2016Sep 2016Apr 2017Jul 2017Sep 2017Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Apr 2023Jul 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -------------1.68B2.21B1.88B1.82B2.35B1.98B1.96B3.18B2.61B10.62B2.79B3.60B3.02B3.02B3.90B3.27B3.30B4.18B3.41B3.39B4.25B3.47B3.47B4.44B3.72B3.90B3.59B
Cost of Revenue -----------------------------------2.21B2.80B2.33B2.53B2.29B
Gross Profit 415.67M396.22M550.53M464.07M444.61M625.32M512.25M494.44M649.22M535.27M518.20M704.71M600.46M563.65M769.41M653.13M614.98M820.75M694.24M661.25M1.16B947.96M-983.78M1.29B1.09B1.06B1.39B1.17B1.17B1.51B1.25B1.22B1.56B1.29B1.26B1.64B1.39B1.37B1.30B
Operating Expenses -----------------------------------1.01B1.06B1.05B1.07B1.07B
Operating Income 101.67M78.73M211.03M122.01M92.85M245.16M139.21M108.19M249.25M142.02M96.36M257.93M148.25M94.75M273.46M153.15M103.41M287.56M161.82M112.54M447.75M252.18M-230.54M485.88M297.23M244.29M525.03M306.41M244.44M559.33M340.90M263.12M561.46M324.60M249.14M577.81M342.71M297.73M233.43M
EBITDA -----------------------------------369.22M699.91M466.78M425.49M360.03M
Interest Expense -----------------------------------19.64M17.98M14.67M16.85M19.11M
Pretax Income -----------------------------------229.50M559.83M328.04M280.88M214.32M
Tax Provision -----------------------------------50.13M129.79M68.77M53.47M49.80M
Net Income 64.77M48.81M133.41M76.60M58.04M153.33M87.31M67.67M156.43M89.44M60.31M160.65M91.90M71.43M207.29M116.78M76.83M219.21M122.13M83.78M338.68M190.61M-181.35M370.02M224.40M187.23M396.48M234.14M183.09M421.23M255.00M198.17M425.20M241.47M179.37M430.04M259.27M227.41M164.52M
Diluted EPS 0.460.350.950.550.421.120.640.501.160.670.461.250.720.571.690.950.631.801.020.712.901.62-1.553.191.951.653.532.101.653.832.330.370.790.450.340.810.490.430.31

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---------7.26B7.91B8.35B10.62B-14.20B14.56B14.88B15.52B
Cost of Revenue --------------9.23B9.33B9.49B9.87B
Gross Profit 955.05M1.04B1.20B1.41B1.57B1.75B1.95B2.14B2.33B2.49B2.70B2.87B3.76B-4.97B5.23B5.40B5.65B
Operating Expenses --------------3.54B3.75B3.93B4.19B
Operating Income 178.36M191.56M266.22M352.70M436.79M514.65M589.47M650.51M694.08M686.38M701.74M743.22M996.93M-1.43B1.48B1.47B1.47B
EBITDA --------------1.78B1.87B1.91B1.96B
Interest Expense --------------30.63M46.51M54.59M69.14M
Pretax Income --------------1.40B1.43B1.41B1.40B
Tax Provision --------------315.60M325.18M311.70M302.16M
Net Income 107.99M119.75M167.97M222.74M276.46M328.23M370.88M410.39M437.12M422.60M532.36M562.35M748.96M-1.09B1.11B1.10B1.10B
Diluted EPS 1.441.632.251.511.902.322.663.003.273.304.314.666.38-1.942.022.042.06

Compounded Sales Growth

5 Years:3.00%
1 Year:3.60%

Compounded Profit Growth

5 Years:0.23%
1 Year:-8.10%

Stock Price Performance

1 Year:-33.50%
6 Months:-41.33%
3 Months:-38.68%
1 Month:-8.58%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --1.28B1.46B1.59B1.71B1.90B2.03B2.37B2.67B2.87B3.09B5.29B7.05B-8.49B9.19B9.81B10.93B
Current Assets ---------------3.16B3.26B3.31B3.51B
Cash & Equivalents 13.18M36.99M172.85M257.34M176.97M138.63M142.74M51.13M63.81M53.92M109.15M86.30M84.24M1.34B-202.50M397.07M251.49M194.11M
Inventory ---------------2.71B2.65B2.84B3.08B
Receivables ---------------02.46M21.64M27.05M
Total Liabilities --497.43M530.23M586.54M681.83M656.50M741.01M977.53M1.22B1.45B1.52B3.72B5.13B-6.45B7.04B7.54B8.35B
Current Liabilities --404.22M426.56M460.62M560.50M532.14M603.09M671.28M777.19M849.21M938.11M1.25B1.74B-2.38B2.18B2.32B2.61B
Long Term Debt --------150.00M263.85M401.07M381.10M366.48M984.32M-1.16B1.73B1.83B1.76B
Total Debt ---------------4.27B5.04B5.42B5.94B
Total Equity 565.34M651.80M779.15M933.24M1.01B1.02B1.25B1.29B1.39B1.45B1.42B1.56B1.57B1.92B-2.04B2.15B2.27B2.58B
Shares Outstanding ---------------884.38M886.66M889.55M890.99M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 217.73M215.32M222.61M254.14M378.30M333.68M409.18M456.21M650.71M631.45M694.39M811.72M1.39B-1.36B1.33B1.42B1.64B
Investing Cash Flow -88.44M-73.88M-112.11M-171.36M-139.07M-209.32M-160.28M-235.91M-369.26M-237.96M-276.31M-214.96M-292.21M--1.09B-653.07M-643.92M-778.58M
Financing Cash Flow -105.48M-5.58M-26.01M-163.16M-277.56M-120.25M-340.50M-207.62M-291.34M-338.26M-440.93M-598.81M155.21M--938.78M-486.39M-922.50M-914.06M
Capital Expenditure -91.76M-73.97M-96.51M-166.16M-152.92M-218.20M-160.61M-236.50M-226.02M-250.40M-278.53M-217.45M-294.00M--773.37M-753.88M-784.05M-894.77M
Free Cash Flow 125.97M141.34M126.10M87.99M225.38M115.48M248.56M219.72M424.69M381.05M415.86M594.27M1.10B-583.61M580.15M636.79M740.49M
Net Change in Cash ---------------675.53M194.57M-145.58M-57.38M
Share Buybacks 53.87M15.29M38.17M180.00M271.80M129.42M298.50M292.70M331.71M369.40M349.78M533.32M342.96M798.89M700.06M594.39M560.63M361.26M
Dividends Paid 0020.36M30.85M51.32M68.48M84.06M103.10M122.27M133.83M147.09M162.70M174.66M239.01M409.60M449.62M472.49M487.67M

Ratios (Annual)

Figures in %.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------34.3%34.2%34.4%35.4%-35.0%35.9%36.3%36.4%
Operating Margin % ---------9.5%8.9%8.9%9.4%-10.1%10.2%9.9%9.5%
Net Margin % ---------5.8%6.7%6.7%7.1%-7.7%7.6%7.4%7.1%
ROE % 16.6%15.4%18.0%22.1%27.0%26.3%28.7%29.5%30.1%29.8%34.1%35.9%38.9%-53.3%51.5%48.5%42.5%
ROCE % -22.0%25.7%31.1%38.1%37.5%41.2%38.3%36.6%34.0%32.7%18.4%18.8%-23.5%21.1%19.6%17.6%

Shareholding Pattern

Insiders
0.25%
Institutions
95.99%
Public Float
96.23%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 8.65% 45.34M $1.43B
2 Vanguard Capital Management LLC 6.54% 34.29M $1.08B
3 Vanguard Portfolio Management LLC 5.32% 27.89M $879.25M
4 State Street Corporation 4.35% 22.84M $719.99M
5 Price (T.Rowe) Associates Inc 4.16% 21.80M $687.22M
6 Invesco Ltd. 3.86% 20.25M $638.63M
7 Geode Capital Management, LLC 3.12% 16.36M $515.93M
8 Capital World Investors 2.97% 15.57M $490.79M
9 Select Equity Group LP 2.54% 13.30M $419.24M
10 Capital International Investors 2.34% 12.25M $386.38M

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