Tractor Supply (TSCO) stock
Consumer Discretionary · Other Specialty Retail
Tractor Supply (TSCO) is an Other Specialty Retail company in the Consumer Discretionary sector, headquartered in Brentwood, Tennessee. As of October 23, 2026, TSCO closed at $33.42, a market capitalization of $17.41 billion, the 428th largest company in the S&P 500. Over the last twelve months it generated $15.94 billion in revenue (+5% year over year) and $306.98 million in free cash flow. The stock trades at 18.0x trailing earnings and 16.2x forward earnings.
- 1-year total return: -39.3% (dividends reinvested)
- 5-year return: -2.5% a year
- 52-week range: $28.36 – $56.94
- Gross margin 36.2%, operating margin 7.9%
- Dividend yield: 2.87%, 15 straight years of increases
- FI Handbook report card: C+ across 10 metrics
- 37th largest of 47 Consumer Discretionary stocks in the S&P 500
TSCO price chart
1Y price change: -40.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| TSCO | +3.5% | -31.9% | -39.3% | -3.7% | -2.5% | +11.7% | +20.8% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1994.
TSCO key statistics
- Market cap
- $17.4B
- #428 in S&P 500
- P/E (TTM)
- 18.0x
- Forward P/E
- 16.2x
- EPS (TTM)
- $1.86
- Revenue (TTM)
- $15.9B
- +5%
- Free cash flow
- $307.0M
- Gross margin
- 36.2%
- Operating margin
- 7.9%
- Return on equity
- 37.3%
- Dividend yield
- 2.87%
- 52-week range
- $28.36 – $56.94
- Beta
- 0.51
- Price / sales
- 1.1x
- EV / EBITDA
- 12.7x
- Debt / equity
- 2.53x
- Employees
- 54,000
TSCO report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth5.1%C
- Gross margin36.2%C
- Operating margin7.9%D
- FCF margin1.9%D
- Return on equity37.3%A
- Net debt / EBITDA3.5xD
- Forward P/E16.2xB
- PEG ratio1.6xC
- Shareholder yield4.9%B
- Share count change / yr-1.9%B
Tractor Supply financials
Revenue went from $6.8B in fiscal 2016 to $15.5B in fiscal 2025, growing 9.6% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.8B | $7.3B | $7.9B | $8.4B | $10.6B | $12.7B | $14.2B | $14.6B | $14.9B | $15.5B |
| Gross profit | $2.3B | $2.5B | $2.7B | $2.9B | $3.8B | $4.5B | $5.0B | $5.2B | $5.4B | $5.7B |
| Operating income | $694.1M | $686.4M | $701.7M | $743.2M | $996.9M | $1.3B | $1.4B | $1.5B | $1.5B | $1.5B |
| Net income | $437.1M | $422.6M | $532.4M | $562.4M | $749.0M | $997.1M | $1.1B | $1.1B | $1.1B | $1.1B |
| EPS (diluted) | $0.65 | $0.66 | $0.86 | $0.93 | $1.28 | $1.72 | $1.94 | $2.02 | $2.04 | $2.06 |
| Free cash flow | $424.7M | $381.0M | $415.9M | $594.3M | $1.1B | $510.3M | $583.6M | $580.1M | $636.8M | $740.5M |
| Buybacks | $331.7M | $369.4M | $349.8M | $533.3M | $343.0M | $798.9M | $700.1M | $594.4M | $560.6M | $361.3M |
| Dividends paid | $122.3M | $133.8M | $147.1M | $162.7M | $174.7M | $239.0M | $409.6M | $449.6M | $472.5M | $487.7M |
| Diluted shares | 669.1M | 641.0M | 617.4M | 603.7M | 587.2M | 579.1M | 560.7M | 548.7M | 539.7M | 532.2M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into TSCO?
A reverse DCF asks what growth the current price requires. With an enterprise value of $23.9B and $307.0M of trailing free cash flow, Tractor Supply needs to grow free cash flow about 47.0% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -7.6% a year over the last five years.
P/E ratio history
Current 16.2x vs. median 26.5x (10th–90th percentile 17.6x–32.7x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
TSCO dividend
- Dividend yield
- 2.87%
- Annual dividend
- $0.96
- Years of increases
- 15
- 5-yr dividend growth
- 25.1%
- per year
- Payout ratio
- 49%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
TSCO earnings
Next report: January 28, 2027. Tractor Supply has beaten EPS estimates 1 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 22, 2026 | $0.41 | $0.43 | +6.1% |
| Jul 23, 2026 | $0.82 | $0.69 | -15.9% |
| Apr 21, 2026 | $0.34 | $0.31 | -9.4% |
| Jan 29, 2026 | $0.46 | $0.43 | -7.2% |
| Oct 23, 2025 | $0.48 | $0.49 | +1.7% |
| Jul 24, 2025 | $0.80 | $0.81 | +1.0% |
| Apr 24, 2025 | $0.37 | $0.34 | -7.5% |
| Jan 30, 2025 | $0.46 | $0.44 | -3.4% |
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TSCO news
- Is Earnings Beat Altering The Investment Case For Tractor Supply (TSCO)? · Oct 24, 2026
- Tractor Supply (TSCO) Stock Slides As Q3 Results Expose Margin Strain · Oct 23, 2026
- 2 cash-producing stocks for long-term investors and 1 we find risky · Oct 23, 2026
- Tractor Supply's Q3 Beat Plants the Seeds for a Stock Rebound · Oct 23, 2026
- TSCO Q3 deep dive: margin pressures persist despite sales momentum and operational actions · Oct 23, 2026
TSCO stock FAQ
What is TSCO's market cap?
Tractor Supply's market capitalization is $17.41 billion as of October 23, 2026, ranking 428th in the S&P 500.
What is TSCO's P/E ratio?
TSCO trades at a trailing price-to-earnings ratio of 18.0x and a forward P/E of 16.2x. Its median P/E over the period we track is 26.5x.
Does TSCO pay a dividend?
Yes. Tractor Supply pays $0.96 per share a year, a 2.87% yield. It has raised its dividend 15 years in a row. Dividends grew 25.1% a year over the last five years.
How much has TSCO stock returned?
Including reinvested dividends, TSCO returned -39.3% over one year, -2.5% a year over five years, +11.7% a year over ten years through October 23, 2026.
Is TSCO stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Tractor Supply must grow free cash flow about 47% a year for the next decade. Its free cash flow fell 8% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does TSCO report earnings?
Tractor Supply is expected to report earnings on January 28, 2027. It has beaten EPS estimates 1 quarters in a row.
How many employees does Tractor Supply have?
Tractor Supply has about 54,000 full-time employees, or $295,225 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology