Income StatementBalance SheetCash FlowSegments
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Tractor Supply Company Income Statement

Revenue, expenses, and profitability over time

Tractor Supply Company generated $15.6B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $1.9B with a 12.46% net margin. Gross margin stands at 36.43% and operating margin at 9.28%. Diluted EPS is $2.04, which grew 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$15.6BGross Profit (TTM)$5.7BOperating Income (TTM)$1.5BNet Income (TTM)$1.9BEps Diluted (TTM)$2.04
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$16.5B
P/E Ratio8.44
ROE82.06%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Capital Expenditures$246.0M$141.3M$210.4M$277.6M$265.6M$202.6M
Issuance of Common Stock (Employee Equity Plans)—$7.0M———$9.6M
Share-Based Payment Tax Withholding Decrease—$14.0M———$14.1M
Tax Withholding for Share-Based Payments$323.0K$14.0M$522.0K$1.2M$181.0K$14.1M
Common Stock Dividends Per Share$0.2$0.2$0.2$0.2$0.2$0.2
Dividends per share declared$0.2$0.2$0.2$0.2$0.2$0.2
OCI - Cash flow hedge, net of tax—-$1.2M$0.0$0.0—$0.0
Other comprehensive income (loss), net of tax—-$1.2M$0.0$0.0—$0.0
Acquisitions, Net of Cash—$140.6M———$0.0
Change in Income Taxes Payable—$46.5M$113.8M——$27.8M
Change in Inventories—$355.5M—$162.5M—$499.5M
Change in Prepaid Expenses and Other Assets—$11.3M$15.1M——$20.0M
Finance Lease Principal Paid—$1.1M$988.0K$992.0K—$717.0K
Net Change in Cash and Restricted Cash—-$19.8M-$5.9M-$41.2M—$30.2M
Shares Issued for Share-Based Compensation—$7.0M$4.3M$7.3M—$9.6M
Shares Repurchased—1.7M1.4M1.3M—2.3M
OCI Cash Flow Hedge Gain (Loss)—-$1.2M$0.0$0.0—$0.0
Unrealized Gains (Losses) on Hedge Instruments—-$1.2M$0.0$0.0—$0.0
Number of reportable segments—1.001.001.00—1.00
Other comprehensive income (loss), after-tax—-$1.2M$0.0$0.0—$0.0
Dividends per share declared$0.2$0.2$0.2$0.2$0.2$0.2
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Income Taxes Paid, Net$73.2M$0.0$42.8M$12.6M—$8.4M
Interest Paid, Net$29.4M$8.4M$30.5M$2.1M$28.7M$4.7M
OCI - Cash Flow Hedges, Net of Tax—-$1.2M$0.0$0.0—$0.0
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation—$14.0M———$14.1M
Share-based compensation expense related to employee stock plans—$13.2M———$17.6M
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units—$0.0$0.0$0.0—$0.0
Stock options excluded as their inclusion would be anti-dilutive (in shares)—$400.0K$1.3M$600.0K—$1.9M
Dividends declared (in dollars per share)$0.2$0.2$0.2$0.2$0.2$0.2
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$178.2M$430.0M$259.3M—$164.5M
Construction in progress additions$7.0M$84.7M$46.1M——$154.8M
Debt Instrument Basis Spread On Variable Rate1—0.0%0.0%0.0%—0.0%
Debt Instrument, Basis Spread on Variable Rate LIBOR Plus, Maximum—1.3%———1.3%
Debt Instrument, Basis Spread on Variable Rate LIBOR Plus—1.0%———1.0%
Debt Instrument, Basis Spread on Variable Rate, Minimum—0.8%———0.8%
Debt Instrument, Basis Spread on Variable Rate Revolver—0.1%———0.1%
Deferred taxes-$1.4M$1.7M-$25.7M$40.8M$44.5M$23.5M
Dilutive stock options and restricted stock units outstanding , per share—$0.00$0.00$0.00—$0.00
Effective tax rates—$0.2$0.2$0.2—$0.2
Finance Lease Principal Payments$3.5M$1.1M$988.0K$992.0K$0.0$717.0K
Gain Loss On Sale Of Property Plant Equipment$23.7M$17.4M$16.0M$32.6M$27.0M$22.7M
State taxes$10.5M$1.7M———-$1.7M
Income Taxes Paid, Net$73.2M$0.0$42.8M$12.6M—$8.4M
Accounts payable—$311.8M—$30.1M—$369.6M
Increase Decrease In Accrued Income Taxes Payable-$7.3M$46.5M$113.8M-$102.5M-$63.8M$27.8M
Accrued liabilities$21.1M$2.6M-$18.5M$125.9M—-$11.0M
Accrued compensation and employee benefits$47.8M-$83.7M$54.8M-$15.9M$58.4M-$93.9M
Increase (Decrease) in Inventories—$355.5M—$162.5M—$499.5M
Increase (Decrease) in Other Operating Assets and Liabilities, Net—-$9.4M-$44.2M-$7.9M-$9.1M-$8.6M
Increase (Decrease) in Prepaid Expense and Other Assets-$2.4M$11.3M$15.1M——$20.0M
Add - Incremental shares under stock-based compensation plans (in shares)—$2.4M$1.9M$2.4M—$1.8M
Interest Paid, Excluding Capitalized Interest, Operating Activity$29.4M$8.4M$30.5M$2.1M$28.7M$4.7M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$268.2M$24.5M-$604.1M-$120.8M-$213.7M$110.4M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$183.8M-$261.1M-$187.6M-$228.2M-$101.7M-$171.3M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$517.2M$216.8M$785.8M$307.9M$324.8M$91.1M
Net Income (Loss) Attributable to Parent, Diluted—$179.4M———$164.5M
Decrease in finance lease liabilities resulting from new or modified right-of-use assets—-$3.4M—$4.4M—-$6.9M
Increase in operating lease liabilities resulting from new or modified right-of-use assets—$185.6M$253.6M$189.9M—$203.0M
Number of reportable segments—$1.0$1.0$1.0—$1.0
Unrealized gains (losses) on hedge instruments—-$1.2M$0.0$0.0—$0.0
Other comprehensive income (loss)—-$1.2M$0.0$0.0—$0.0
Payments for Repurchase of Common Stock$154.0M$95.1M$72.8M$74.0M$117.3M$118.0M
Payments of Dividends$117.3M$122.4M$122.0M$121.9M$121.4M$126.4M
Payment, Tax Withholding, Share-Based Payment Arrangement$323.0K$14.0M$522.0K$1.2M$181.0K$14.1M
Payments to Acquire Businesses, Net of Cash Acquired$0.0$140.6M———$0.0
Payments to Acquire Property, Plant, and Equipment$246.0M$141.3M$210.4M$277.6M$265.6M$202.6M
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options$6.8M$7.0M$4.3M$7.3M$5.0M$9.6M
Proceeds From Issuance Of Unsecured Debt$200.0M$605.0M$710.0M$875.0M$935.0M$1.5B
Dispositions of property, plant, and equipment$62.2M$20.9M$22.1M$49.3M$163.8M$31.3M
Repayments of Unsecured Debt$200.0M$355.0M$1.1B$805.0M$915.0M$1.1B
Sales Revenue Net Percentage—100.0%———100.0%
Stock-based compensation$13.2M$13.2M$12.7M$15.3M$15.8M$17.6M
Stock Repurchased During Period Shares—$1.7M$1.4M$1.3M—$2.3M
Purchase price—$93.8M$72.8M$75.9M—$118.8M
Average price paid (in dollars per share)—$54.39$51.10$59.32—$50.75
Treasury stock, value, acquired—$93.8M$72.8M$75.9M—$118.8M
Other Comprehensive Income (Loss)—$178.2M$430.0M$259.3M—$164.5M
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Cash Dividends Paid—$122.4M$122.0M$121.9M—$126.4M
Stock Repurchased During Period, Value—$93.8M$72.8M$75.9M—$118.8M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Common Stock Dividends Per Share (Declared)$0.2$0.2$0.2$0.2$0.2$0.2
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Basic earnings per share$0.44$0.34$0.81$0.49$0.43$0.31
Diluted earnings per share$0.44$0.34$0.81$0.49$0.43$0.31
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Common stock dividends per share declared$0.2$0.2$0.2$0.2$0.2$0.2
Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Dividends per share declared$0.2$0.2$0.2$0.2$0.2$0.2
Antidilutive Securities Excluded from EPS—400K1.3M600K—1.9M
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Dividends per share declared$0.2$0.2$0.2$0.2$0.2$0.2
Dividends per share declared$0.2$0.2$0.2$0.2$0.2$0.2
Dividends per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Dividends per share declared$0.22$0.23$0.23$0.23$0.23$0.24
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Common stock dividends per share declared$0.2$0.2$0.2$0.2$0.2$0.2
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.2$0.2$0.2
Common stock dividends per share declared$0.2$0.2$0.2$0.2$0.2$0.2
Weighted-average shares, basic—531.7M530.3M529.7M—526.3M
Weighted-average shares, diluted—534.1M532.2M532.1M—528.1M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$13.2M$13.2M$12.7M$15.3M$15.8M$17.6M
Share-Based Compensation Expense$13.2M$13.2M$12.7M$15.3M$15.8M$17.6M
Compensation and benefits—$13.2M$12.7M$15.3M—$17.6M
Depreciation and amortization$120.1M$120.1M$122.1M$124.1M$127.8M$126.6M
Stock-based compensation expense$13.2M$13.2M$12.7M$15.3M$15.8M$17.6M
Selling, general and administrative$891.2M$886.2M$940.1M$922.5M$944.4M$941.2M
Share-Based Compensation$13.2M$13.2M$12.7M$15.3M$15.8M$17.6M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Effective Tax Rate—$0.2$0.2$0.2—$0.2
Cash Paid for Income Taxes$73.2M$0.0$42.8M$12.6M—$8.4M
Effective Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Effective Income Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Effective Tax Rate—$0.2$0.2$0.2—$0.2
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Income Taxes Paid, Net$73.2M$0.0$42.8M$12.6M—$8.4M
Income tax expense$64.7M$50.1M$129.8M$68.8M$53.5M$49.8M
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Deferred Income Tax Expense (Benefit)—$1.7M-$25.7M$40.8M—$23.5M
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Income Taxes Paid, Net$73.2M$0.0$42.8M$12.6M—$8.4M
Effective Income Tax Rate—$0.2$0.2$0.2—$0.2
Effective Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Income and Other Taxes$73.2M$0.0$42.8M$12.6M—$8.4M
Effective Tax Rate Continuing Operations—$0.2$0.2$0.2—$0.2

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Interest$29.4M$8.4M$30.5M$2.1M$28.7M$4.7M
Gain (loss) on disposal of assets—$17.4M$16.0M$32.6M—$22.7M
Interest expense$17.2M$19.6M$18.0M$14.7M$16.9M$19.1M
Net Change in Cash Flow Hedges—-$1.2M$0.0$0.0—$0.0
Change in Accounts Payable—$311.8M—$30.1M—$369.6M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Dividends Declared (Per Share)$0.2$0.2$0.2$0.2$0.2$0.2
Net income$236.4M$179.4M$430.0M$259.3M$1.1B$164.5M
Preferred stock dividends—$122.4M———$126.4M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$1.3B$1.3B$1.6B$1.4B$1.4B$1.3B
Operating income$318.3M$249.1M$577.8M$342.7M$297.7M$233.4M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$301.1M$229.5M$559.8M$328.0M$280.9M$214.3M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$2.4B$2.2B$2.8B$2.3B$2.5B$2.3B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$3.8B$3.5B$4.4B$3.7B$3.9B$3.6B