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Tractor Supply Company TSCO Net debt / EBITDA

Net debt / EBITDA at other companies

Lowe's Companies logo
Lowe's CompaniesLOW
3.3×+0.7×
Walmart
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Walmart WMT
1.4×+0.1×
Home Depot logo
Home DepotHD
2.5×0.0×
Amazon logo
AmazonAMZN
0.9×+0.2×
Dollar General logo
Dollar GeneralDG
4.3×-1.6×
Dollar Tree logo
Dollar TreeDLTR
2.8×+0.1×

Other financials

Income statement

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Revenue$3.6B+3.6%
Gross profit$1.3B+3.7%
Operating income$233.4M-6.3%
Net income$164.5M-8.3%
EPS (diluted)$0.31-8.8%

Balance sheet

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Cash & equivalents$224.3M-3.2%
Total debt$6.4B+11.2%
Total equity$2.5B+12.3%
Total assets$11.7B+12.3%

Cash flow

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Operating cash flow$91.1M-58.0%
CapEx$202.6M+43.4%
Free cash flow-$111.5M-248%

Valuation

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Market cap$15.6B-18.7%
Enterprise value$21.79B-13.8%
P/E-9.7×
P/S-0.3×

Profitability

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Gross margin36.4%+0.1pp
Operating margin9.3%-0.4pp
Net margin12.5%+5.2pp

Returns & leverage

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Return on equity82.1%+32.4pp
Debt / equity2.5×0.0×
Current ratio1.4×0.0×

Where this comes from

Calculated from Tractor Supply Company’s reported figures.

Based on the most recent quarter.

The official record: Tractor Supply Company’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tractor Supply Company's net debt / EBITDA?
Tractor Supply Company (TSCO) reported net debt / EBITDA of 3.2× in Q1 2026.
How has Tractor Supply Company's net debt / EBITDA changed year-over-year?
Tractor Supply Company's net debt / EBITDA increased by 9.8% year-over-year, from 2.9× to 3.2×.
What is the long-term trend for Tractor Supply Company's net debt / EBITDA?
Over 4 years (2021 to 2025), Tractor Supply Company's net debt / EBITDA has grown at a 11.1% compound annual growth rate (CAGR), from 7.5× to 11.4×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.