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Tractor Supply Company logo

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$16.4B
P/E Ratio8.41
ROE82.06%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
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
Selling, general and administrative$891.2M$886.2M$940.1M$922.5M$944.4M$941.2M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
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
Weighted-average shares, basic536.9M531.7M530.3M529.7M530M526.3M
Weighted-average shares, diluted539.7M534.1M532.2M532.1M532.2M528.1M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on disposal of assets—$17.4M$16M$32.6M—$22.7M
Interest expense$17.2M$19.6M$18M$14.7M$16.9M$19.1M

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$328M$280.9M$214.3M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$64.7M$50.1M$129.8M$68.8M$53.5M$49.8M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$236.4M$179.4M$430M$259.3M$1.1B$164.5M
Preferred stock dividends—$122.4M———$126.4M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation—$14M———$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
Stock options excluded as their inclusion would be anti-dilutive (in shares)—400K1.3M600K—1.9M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect—-$19.8M-$5.9M-$41.2M—$30.2M
Dividends declared (in dollars per share)$0.22$0.23$0.23$0.23$0.23$0.24
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$178.2M$430M$259.3M—$164.5M
Construction in progress additions$7M$84.7M$46.1M——$154.8M
Debt Instrument Basis Spread On Variable Rate1—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$988K$992K$0$717K
Gain Loss On Sale Of Property Plant Equipment$23.7M$17.4M$16M$32.6M$27M$22.7M
State taxes$10.5M$1.7M———-$1.7M
Income Taxes Paid, Net$73.2M$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—-$11M
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——$20M
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—$203M
Number of reportable segments—1.001.001.00—1.00
Unrealized gains (losses) on hedge instruments—-$1.2M$0$0—$0
Other comprehensive income (loss)—-$1.2M$0$0—$0
Payments for Repurchase of Common Stock$154M$95.1M$72.8M$74M$117.3M$118M
Payments of Dividends$117.3M$122.4M$122M$121.9M$121.4M$126.4M
Payment, Tax Withholding, Share-Based Payment Arrangement$323K$14M$522K$1.2M$181K$14.1M
Payments to Acquire Businesses, Net of Cash Acquired$0$140.6M———$0
Payments to Acquire Property, Plant, and Equipment$246M$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$7M$4.3M$7.3M$5M$9.6M
Proceeds From Issuance Of Unsecured Debt$200M$605M$710M$875M$935M$1.5B
Dispositions of property, plant, and equipment$62.2M$20.9M$22.1M$49.3M$163.8M$31.3M
Repayments of Unsecured Debt$200M$355M$1.1B$805M$915M$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 Issued During Period Value Share Based Compensation Gross—$7M———$9.6M
Stock Repurchased During Period Shares—1.7M1.4M1.3M—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

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