Stocktoria

TRACTOR SUPPLY CO /DE/ TSCO

Nasdaq · stock · Retail-Building Materials, Hardware, Garden Supply · website · IPO 1994-02-17

TRACTOR SUPPLY CO /DE/ statistics & valuation

Market cap$16.4B
P / E14.9×
P / S1.1×
P / B6.3×
P / FCF22.1×
Dividend yield2.98%
Net margin7.1%
Return on equity42.5%
FCF margin4.8%
Net debt$1.6B
Net debt / EBITDA0.8×
Enterprise value USD$17.9B
EV / EBITDA9.1×
Earnings yield EBIT/EV8.2%
Return on capital17.6%
Graham number -58.8%$14.99

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($14.99); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.80% 6.70% 6.70% 7.10% 7.80% 7.70% 7.60% 7.40% 7.10% 2016201720182019202020212022202320242025
Gross margin (%)
34.30% 34.20% 34.40% 35.40% 35.20% 35.00% 35.90% 36.30% 36.40% 2016201720182019202020212022202320242025
Operating margin (%)
9.50% 8.90% 8.90% 9.40% 10.30% 10.10% 10.20% 9.90% 9.50% 2016201720182019202020212022202320242025
Return on equity (%)
30.10% 29.80% 34.10% 35.90% 38.90% 49.80% 53.30% 51.50% 48.50% 42.50% 2016201720182019202020212022202320242025
Shares outstanding
669.1M 641.0M 617.4M 603.7M 587.2M 579.1M 560.7M 548.7M 539.7M 532.2M 2016201720182019202020212022202320242025
Net debt ($)
$209.9M $291.9M $294.8M $282.2M -$357.4M $108.4M $961.6M $1.33B $1.58B $1.57B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
16.30% 14.70% 17.30% 10.60% 10.60% 12.80% 12.80% 12.10% 11.20% 10.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
5.30% 5.30% 7.10% 10.40% 4.00% 4.10% 4.00% 4.30% 4.80% 2016201720182019202020212022202320242025
Debt / equity (×)
0.18× 0.28× 0.24× 0.23× 0.51× 0.49× 0.57× 0.80× 0.81× 0.68× 2016201720182019202020212022202320242025
EPS ($)
$0.65 $0.66 $0.86 $0.93 $1.28 $1.72 $1.94 $2.02 $2.04 $2.06 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TRACTOR SUPPLY CO /DE/ trades at about 17.7× earnings — below its 10-year norm (10-year range 19.8×–26.6×, median 23.1×).

17.7× 26.6×

Shaded band = 10-year range (19.8×–26.6×); dot = today's 17.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin36.4%36.3%35.9%35.0%35.2%35.4%34.4%34.2%34.3%—
Operating margin9.5%9.9%10.2%10.1%10.3%9.4%8.9%8.9%9.5%—
Net margin7.1%7.4%7.6%7.7%7.8%7.1%6.7%6.7%5.8%—
FCF margin4.8%4.3%4.0%4.1%4.0%10.4%7.1%5.3%5.3%—
Return on assets10.0%11.2%12.1%12.8%12.8%10.6%10.6%17.3%14.7%16.3%
Return on equity42.5%48.5%51.5%53.3%49.8%38.9%35.9%34.1%29.8%30.1%
Debt / equity0.68×0.81×0.80×0.57×0.49×0.51×0.23×0.24×0.28×0.18×
Current ratio1.341.431.501.331.571.871.431.911.951.95

Computed from company filings · US · as of 2025-12-27. Facts plus Stocktoria's own computed scores — not investment advice.