Tractor Supply Company (the “Company” or “Tractor Supply” or “we” or “our” or “us”) is the largest rural lifestyle retailer in the United States (“U.S.”). The Company is focused on supplying the needs of recreational farmers, ranchers, and all those who enjoy living the rural lifestyle (which we refer to as the “Out Here” lifestyle). We operate retail stores under the names Tractor Supply Company and Petsense by Tractor Supply. Our stores are located primarily in towns outlying major metropolitan markets and in rural communities. We also offer an expanded assortment of products through the Tractor Supply mobile application and online at TractorSupply.com, Petsense.com, and Allivet.com. On December 30, 2024, the Company completed its acquisition of Allivet, an online pet pharmacy. Pursuant to the agreement governing the transaction, the Company acquired 100% of the equity interest in Allivet for a purchase price of $135.0 million.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 15.5B | 15.5B | 14.9B | 14.6B | 14.2B | 12.7B |
| Net Income | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 997M |
| EPS | $2.06 | $2.06 | $2.04 | $2.02 | $1.94 | $1.72 |
| Free Cash Flow | 740M | 740M | 637M | 580M | 584M | 510M |
| ROIC | 13.9% | 19.6% | 22.3% | 24.9% | 18.9% | 82.3% |
| Gross Margin | 36.4% | 36.4% | 36.3% | 35.9% | 35.0% | 35.2% |
| Debt/Equity | 2.29 | 2.29 | 2.38 | 2.33 | 2.08 | 0.49 |
| Dividends/Share | $0.92 | $0.92 | $0.88 | $0.82 | $0.74 | $0.42 |
| Operating Income | 1.5B | 1.5B | 1.5B | 1.5B | 1.4B | 1.3B |
| Operating Margin | 9.5% | 9.5% | 9.9% | 10.2% | 10.1% | 10.3% |
| ROE | 42.5% | 45.2% | 49.8% | 52.8% | 53.3% | 49.8% |
| Shares Outstanding | 532M | 532M | 540M | 549M | 561M | 579M |
TRACTOR SUPPLY CO /DE/ passes 7 of 9 quality checks, indicating strong fundamentals.
TRACTOR SUPPLY CO /DE/ trades at 22.1x trailing earnings, compared to its 15-year median P/E of 20.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 32.7x vs a median of 29.5x. The company's 5-year average ROIC is 33.6% with a gross margin of 35.8%. Total shareholder yield (dividends + buybacks) is 3.5%. At current prices, the estimated annualized return to fair value is +3.2%.
TRACTOR SUPPLY CO /DE/ (TSCO) has a current P/E ratio of 22.1, compared to its historical median P/E of 20.6. The stock is currently considered Fair based on its historical valuation range.
TRACTOR SUPPLY CO /DE/ (TSCO) has a 5-year average return on invested capital (ROIC) of 33.6%. This indicates strong capital allocation and a potential competitive advantage.
TRACTOR SUPPLY CO /DE/ (TSCO) has a market capitalization of $24.2B. It is classified as a large-cap stock.
Yes, TRACTOR SUPPLY CO /DE/ (TSCO) pays a dividend with a trailing twelve-month yield of 2.02%. The company also returns capital through share buybacks, with a buyback yield of 1.49%.
Based on historical P/E analysis, TRACTOR SUPPLY CO /DE/ (TSCO) appears fair. The current P/E of 22.1 is 7% above its historical median of 20.6. The estimated fair value CAGR (P/E method) is 15.8%.
TRACTOR SUPPLY CO /DE/ (TSCO) operates in the Retail-Building Materials, Hardware, Garden Supply industry, within the Consumer Cyclical sector.
TRACTOR SUPPLY CO /DE/ (TSCO) reported annual revenue of $15.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
TRACTOR SUPPLY CO /DE/ (TSCO) has a net profit margin of 7.1%. This is a modest margin.
TRACTOR SUPPLY CO /DE/ (TSCO) generated $740 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TRACTOR SUPPLY CO /DE/ (TSCO) has a debt-to-equity ratio of 2.29. This indicates higher leverage, which may increase financial risk.
TRACTOR SUPPLY CO /DE/ (TSCO) reported earnings per share (EPS) of $2.06 in its most recent fiscal year.
TRACTOR SUPPLY CO /DE/ (TSCO) has a return on equity (ROE) of 45.2%. This indicates the company generates strong returns for shareholders.
TRACTOR SUPPLY CO /DE/ (TSCO) has a 5-year average gross margin of 35.8%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for TRACTOR SUPPLY CO /DE/ (TSCO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TRACTOR SUPPLY CO /DE/ (TSCO) has a book value per share of $4.85, based on its most recent annual SEC filing.
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