Tractor Supply Company
NASDAQ: TSCO · CONSUMER CYCLICAL · SPECIALTY RETAIL
Updated 2026-06-05
Tractor Supply Company (TSCO) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $2.37B | $91.01M | 31.71% | 6.25% | 3.84% |
| 2007 | $2.70B | $96.24M | 31.54% | 5.92% | 3.56% |
| 2008 | $3.01B | $81.93M | 30.33% | 4.51% | 2.72% |
| 2009 | $3.21B | $115.47M | 32.27% | 5.76% | 3.60% |
| 2010 | $3.64B | $167.97M | 33.08% | 7.32% | 4.62% |
| 2011 | $4.23B | $222.74M | 33.24% | 8.33% | 5.26% |
| 2012 | $4.66B | $276.46M | 33.58% | 9.36% | 5.93% |
| 2013 | $5.16B | $328.23M | 33.95% | 9.96% | 6.36% |
| 2014 | $5.71B | $370.88M | 34.15% | 10.32% | 6.49% |
| 2015 | $6.23B | $410.39M | 34.42% | 10.45% | 6.59% |
| 2016 | $6.78B | $437.12M | 34.30% | 10.24% | 6.45% |
| 2017 | $7.26B | $422.60M | 34.34% | 9.46% | 5.82% |
| 2018 | $7.91B | $532.36M | 34.16% | 8.87% | 6.73% |
| 2019 | $8.35B | $562.35M | 34.38% | 8.90% | 6.73% |
| 2020 | $10.62B | $748.96M | 35.42% | 9.39% | 7.05% |
| 2021 | $12.73B | $997.11M | 35.17% | 10.26% | 7.83% |
| 2022 | $14.20B | $1.09B | 35.00% | 10.10% | 7.66% |
| 2023 | $14.56B | $1.11B | 35.92% | 10.16% | 7.61% |
| 2024 | $14.88B | $1.10B | 36.26% | 9.86% | 7.40% |
| 2025 | $15.52B | $1.10B | 33.24% | 9.45% | 7.06% |
Frequently asked questions
What is Tractor Supply Company's revenue?
Tractor Supply Company's trailing twelve-month revenue is $15.65B, and consensus projects about $20.19B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is TSCO?
In its most recent fiscal year, TSCO ran a gross margin of 33.24%, an operating margin of 9.45%, and a net margin of 7.06%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does TSCO generate?
TSCO produced $740.49M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is TSCO's balance sheet healthy?
TSCO holds $194.11M in cash and equivalents against $1.76B in long-term debt, on $2.58B of shareholder equity. That debt is best read against the cash flow the business throws off each year.