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%+0.1pp	36.4%+0.2pp	36.5%+0.2pp	36.4%+0.3pp	36.3%+0.3pp
Operating margin	9.3%-0.4pp	9.5%-0.4pp	9.7%-0.4pp	9.7%-0.5pp	9.7%-0.5pp
Net margin	12.5%+5.2pp	12.7%+5.3pp	7.2%-0.4pp	7.2%-0.5pp	7.2%-0.4pp
EBITDA margin	12.5%-0.3pp	12.6%-0.2pp	12.8%-0.1pp	12.8%-0.1pp	12.8%-0.1pp
Free cash flow margin	3.5%—	4.8%—	6.2%—	——	——
Returns
Return on equity	82.1%+32.4pp	81%+31.2pp	45.5%-5.1pp	45.3%-5.9pp	49.6%-6.0pp
Return on assets	17.7%+6.8pp	18.9%+7.4pp	10.7%-1.0pp	10.7%-1.3pp	10.9%-1.3pp
Return on invested capital	13.8%-1.6pp	14.6%-1.5pp	14.9%-1.4pp	15.4%-2.0pp	15.4%-1.9pp
Efficiency
Asset turnover	1.4×-0.1×	1.5×-0.1×	1.5×-0.1×	1.5×-0.1×	1.5×-0.1×
Inventory turnover	2.9×-0.1×	3.3×-0.1×	3.1×-0.1×	3.2×-0.2×	3×0.0×
Liquidity
Current ratio	1.4×0.0×	1.3×-0.1×	1.3×-0.2×	1.3×-0.1×	1.4×0.0×
Quick ratio	0.2×0.0×	0.2×0.0×	0.1×0.0×	0.2×-0.1×	0.2×0.0×
Cash ratio	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×-0.1×	0.1×0.0×
Leverage
Debt-to-equity	2.5×0.0×	2.3×-0.1×	2.2×-0.1×	2.2×0.0×	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×+0.3×	2.9×+0.2×	2.8×+0.1×	2.7×+0.3×	2.9×+0.3×
Interest coverage	21.2×-2.2×	21.2×-5.7×	21.4×-8.7×	21.4×-11.9×	23.3×-9.4×
Per Share
Book value per share	$4.76+13.6%	$4.85+15.3%	$4.84+13.7%	$4.68+9.8%	$4.19+7.1%
Valuation
Market capitalization	$23.83B-18.7%	$26.43B-6.8%	$30.14B-3.8%	$28.37B-2.7%	$29.29B+3.7%
Enterprise value	$30.01B-13.8%	$32.18B-4.0%	$35.68B-2.2%	$33.7B-0.5%	$34.82B+5.3%
Price / earnings	12.2×-14.8×	13.4×-12.3×	27.3×-0.9×	26.1×+0.2×	27.1×+1.9×
Price / sales	1.5×-0.4×	1.7×-0.2×	2×-0.2×	1.9×-0.1×	2×0.0×
Price / book	9.5×-3.6×	10.2×-2.2×	11.7×-2.0×	11.4×-1.3×	13.1×-0.2×
EV / EBITDA	15.4×-2.8×	16.4×-1.1×	18.1×-1.0×	17.3×-0.4×	18.2×+0.7×
EV / sales	1.9×-0.4×	2.1×-0.2×	2.3×-0.2×	2.2×-0.1×	2.3×+0.1×
Free cash flow yield	2.3%—	2.8%—	3.2%—	——	——
Earnings yield	8.2%+4.5pp	7.4%+3.5pp	3.7%+0.1pp	3.8%0.0pp	3.7%-0.3pp
Dividend yield	2.1%+0.4pp	1.8%+0.2pp	1.6%+0.1pp	1.7%+0.1pp	1.6%0.0pp
PEG ratio	0.2×—	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.