What are Tractor Supply Company's profit margins?

Tractor Supply Company (TSCO) runs a 36.4% gross margin and a 9.3% operating margin, with a 12.5% net margin.

Where do Tractor Supply Company's ratios come from?

Every ratio is computed from Tractor Supply Company's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Tractor Supply Company TSCO Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	36.4%0.0pp	36.4%0.0pp	36.5%0.0pp	36.4%+0.1pp	36.3%+0.1pp
Operating margin	9.3%-0.2pp	9.5%-0.2pp	9.7%0.0pp	9.7%0.0pp	9.7%-0.1pp
Net margin	12.5%-0.2pp	12.7%+5.5pp	7.2%0.0pp	7.2%-0.1pp	7.2%-0.2pp
EBITDA margin	12.5%-0.2pp	12.6%-0.2pp	12.8%0.0pp	12.8%0.0pp	12.8%-0.1pp
Free cash flow margin	3.5%-1.2pp	4.8%-1.4pp	6.2%—	——	——
Returns
Return on equity	82.1%+1.1pp	81%+35.5pp	45.5%+0.1pp	45.3%-4.3pp	49.6%-0.2pp
Return on assets	17.7%-1.3pp	18.9%+8.2pp	10.7%0.0pp	10.7%-0.2pp	10.9%-0.7pp
Return on invested capital	13.8%-0.8pp	14.6%-0.3pp	14.9%-0.4pp	15.4%0.0pp	15.4%-0.7pp
Efficiency
Asset turnover	1.4×-0.1×	1.5×0.0×	1.5×0.0×	1.5×0.0×	1.5×-0.1×
Inventory turnover	2.9×-0.4×	3.3×+0.2×	3.1×-0.1×	3.2×+0.1×	3×-0.4×
Liquidity
Current ratio	1.4×0.0×	1.3×0.0×	1.3×0.0×	1.3×-0.1×	1.4×0.0×
Quick ratio	0.2×0.0×	0.2×0.0×	0.1×0.0×	0.2×0.0×	0.2×0.0×
Cash ratio	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	2.5×+0.2×	2.3×+0.1×	2.2×0.0×	2.2×-0.3×	2.6×+0.2×
Debt-to-assets	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.6×0.0×
Net debt / EBITDA	3.2×+0.2×	2.9×+0.1×	2.8×+0.1×	2.7×-0.1×	2.9×+0.2×
Interest coverage	21.2×-0.1×	21.2×-0.2×	21.4×0.0×	21.4×-1.9×	23.3×-3.6×
Per Share
Book value per share	$4.76-1.9%	$4.85+0.3%	$4.84+3.3%	$4.68+11.6%	$4.19-0.4%
Valuation
Market capitalization	$23.83B-9.8%	$26.43B-12.3%	$30.14B+6.2%	$28.37B-3.1%	$29.29B+3.3%
Enterprise value	$30.01B-6.7%	$32.18B-9.8%	$35.68B+5.9%	$33.7B-3.2%	$34.82B+3.9%
Price / earnings	12.2×-1.2×	13.4×-13.8×	27.3×+1.2×	26.1×-1.0×	27.1×+1.3×
Price / sales	1.5×-0.2×	1.7×-0.3×	2×+0.1×	1.9×-0.1×	2×+0.1×
Price / book	9.5×-0.8×	10.2×-1.5×	11.7×+0.3×	11.4×-1.7×	13.1×+0.6×
EV / EBITDA	15.4×-1.0×	16.4×-1.7×	18.1×+0.7×	17.3×-0.8×	18.2×+0.7×
EV / sales	1.9×-0.2×	2.1×-0.2×	2.3×+0.1×	2.2×-0.1×	2.3×+0.1×
Free cash flow yield	2.3%-0.5pp	2.8%-0.4pp	3.2%—	——	——
Earnings yield	8.2%+0.7pp	7.4%+3.8pp	3.7%-0.2pp	3.8%+0.1pp	3.7%-0.2pp
Dividend yield	2.1%+0.2pp	1.8%+0.2pp	1.6%-0.1pp	1.7%+0.1pp	1.6%0.0pp
PEG ratio	0.2×0.0×	0.2×—	——	——	——

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Questions, answered.

What are Tractor Supply Company's profit margins?: Tractor Supply Company (TSCO) runs a 36.4% gross margin and a 9.3% operating margin, with a 12.5% net margin.
Where do Tractor Supply Company's ratios come from?: Every ratio is computed from Tractor Supply Company's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.