Tractor Supply (TSCO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Tractor Supply

NasdaqGS•Consumer Cyclical•Specialty Retail

$32.82+0.04(<0.01%)After hours

Market Cap

$17.17B

P/E

17.0x

P/S

1.1x

P/B

6.5x

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company provides various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; companion animal products, such as food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise. It offers its products under the 4health, Paws & Claws, American Farmworks, Producer's Pride, Bit & Bridle, Red Shed, Blue Mountain, Redstone, C.E. Schmidt, Retriever, Country Lane, Ridgecut, Countyline, Royal Wing, Country Tuff, Strive, Dumor, Traveller, Farm Table, Treeline, Groundwork, TSC Tractor Supply Co, Huskee, Untamed, JobSmart, and Impeckable brand names. The company operates its retail stores under the Tractor Supply Company, Petsense by Tractor Supply, and Orscheln Farm and Home names; and operates websites under the TractorSupply.com and Petsense.com names. It sells its products to recreational farmers, ranchers, and others. Tractor Supply Company was founded in 1938 and is based in Brentwood, Tennessee.

How this company scores

AverageMetricSide Score: 48/100

Strongest: Profitability (15/25); weakest: Cash & Earnings Quality (8/25).

Profitability15/25

Growth13/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality8/25

Strengths

High ROEConsistent growthImproving marginsNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.0x5y range 17.0x – 27.6x

Currently below its 20-quarter median.

P/S · 1.1x5y range 1.1x – 2.1x

Currently below its 20-quarter median.

P/B · 6.5x5y range 6.5x – 14.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 11.5% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $17.17B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $15.75B
Q. Revenue: $4.54B
TTM EBITDA: $1.85B
TTM Op. Income: $1.34B
Q. Op. Income: $467.12M
TTM Net Income: $1.01B
Q. Net Income: $360.71M
EPS: $0.69
Shares Out.: $523.73M

$15.75B in TTM revenue grew 4.0% YoY, reaching $4.54B last quarter. TTM EBITDA of $1.85B and TTM operating income of $1.34B show growth is flowing through to the bottom line. TTM net income of $1.01B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 37.1%
EBITDA Margin: 13.2%
Op. Margin: 10.3%
Net Margin: 7.9%

Op. margin of 10.3% is down 2.7% YoY — costs are rising relative to revenue. Net margin at 7.9% and gross margin of 37.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 21% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.0x
P/S Ratio: 1.1x
P/B Ratio: 6.5x

At 17.0x P/E, the stock trades within typical market levels. P/S of 1.1x and P/B of 6.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $12.16B
Cash: $231.59M
Long-Term Debt: $2.15B
Book Value: $2.63B
D/E Ratio: 0.8
Debt/EBITDA: 3.6

With $12.16B in assets and $2.15B in long-term debt, D/E is 0.8and book value is $2.63B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 22% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $562.02M
TTM Free Cash Flow: $306.98M
FCF Margin: 1.9%
FCF / Net Income: 0.3

TTM FCF of $306.98M on $562.02M in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 3 consecutive quarters — a weakening trend.