TSCOTractor Supply
$36.34-32% 1Y
$36.34
$29.1452 weeks$55.24
The business
How TSCO's business earns
Tractor Supply earns 22% on the capital it employs against an estimated 9.0% cost of capital.
22%
Return on invested capital · cost of capital 9.0% · 13 points above the estimated cost of capital
- Operating margin
- 8.2%
Operating margin · Specialty Retail median 8.2% · 12 months to Sep 26, 2026
- Cash conversion
- 1.17×
Cash conversion · 1.58× a year ago · operating cash flow divided by operating profit after tax
- Share count, year on year
- −2.0%
Share count, year on year · fewer shares than a year ago
Operating margin by fiscal year
| Year | Operating margin |
|---|---|
| FY2020 | 9.4% |
| FY2021 | 10% |
| FY2022 | 10% |
| FY2023 | 10% |
| FY2024 | 9.9% |
| FY2025 | 9.4% |
Details›
- Gross margin12 months to Sep 26, 2026
- 36%
- Operating margin12 months to Sep 26, 2026
- 8.2%
- Net margin12 months to Sep 26, 2026
- 6.1%
- Free cash flow margin
- 1.8%
- Revenue, trailing twelve months
- $15.9B
- Free cash flow, trailing twelve months
- $290M
- Net income, trailing twelve months
- $977M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 22%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
On our screensPrice implies 20 percent a year growth
Specialty Retail
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