Latest revenue
$3.59B
as of 2026-03-28
Latest net income
$164.5M
as of 2026-03-28
Net margin
4.6%
as of 2026-03-28
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $3.68B
- Enterprise value
- $5.25B
- P/E (trailing)
- 3.4×
- Forward P/E
- —
- P/B
- 1.43×
- Dividend yield
- 2.9%
- 52-wk high
- $63.99
- 52-wk low
- $29.42
- Beta
- —
- Shares out
- 116.5M
5-year trend
What this company does
Tractor Supply runs the largest US rural-lifestyle retail chain, selling livestock feed, pet supplies, tools, apparel, and farm equipment through stores in small towns and rural areas outside major metros. Net merchandise sales at its physical stores drive nearly all revenue, supplemented by its Petsense pet specialty chain and the recently acquired Allivet online pet pharmacy. The company is pushing into pet healthcare, with the $140 million Allivet acquisition this year adding goodwill and signaling a pivot toward higher-margin pet and veterinary categories alongside steady mid-single-digit sales growth.
Generated from TSCO's filing dated 2026-02-19
Key risks
- Margin pressure: SG&A grew 8.2% YoY to $922M in Q3 while sales rose only 7.2%, compressing operating margin leverage.
- Inventory bloat: inventories up 5.5% YoY to $3.25B and 14.5% vs year-end, outpacing sales growth and risking markdowns.
- Lease-heavy balance sheet: $3.94B operating lease liabilities vs $2.57B equity; new leases added $629M YTD, amplifying fixed-cost risk in downturn.
Generated from TSCO's filing dated 2026-02-19
Profitability
Gross margin
36.4%
0.5%Operating margin
9.5%
4.1%Net margin
7.1%
4.6%Return on equity
42.5%
17.1%Return on assets
10.0%
10.7%Leverage
Debt / equity
3.24×
9.1%Long-term debt / equity
0.68×
19.8%Debt / assets
76.4%
2.2%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-28 | $3.59B | +3.6% | $164.5M | -8.3% | 4.6% |
Q4 2025 2025-12-27 | $3.90B | +3.3% | $227.4M | -3.8% | 5.8% |
Q3 2025 2025-09-27 | $3.72B | +7.2% | $259.3M | +7.4% | 7.0% |
Q2 2025 2025-06-28 | $4.44B | +4.5% | $430.0M | +1.1% | 9.7% |
Q1 2025 2025-03-29 | $3.47B | +2.1% | $179.4M | -9.5% | 5.2% |
Q4 2024 2024-12-28 | $3.77B | — | $236.4M | — | 6.3% |
Q3 2024 2024-09-28 | $3.47B | +1.6% | $241.5M | -5.3% | 7.0% |
Q2 2024 2024-06-29 | $4.25B | +1.5% | $425.2M | +0.9% | 10.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Retail-Building Materials, Hardware, Garden Supply · SIC 5200
Your notes
Keep private notes on TSCO — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$24.9M
Net activity
−$24.9M
Distinct insiders
9
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns TSCO
Institutional value
$8.70B
Total shares held
197.6M
Distinct holders
784
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 34.3M | $1.55B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 27.9M | $1.26B | — | New |
| 3 | Invesco Ltd. | 20.3M | $917.5M | — | New |
| 4 | STIFEL FINANCIAL CORP | 7.3M | $332.0M | — | New |
| 5 | WELLS FARGO & COMPANY/MN | 5.7M | $258.6M | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 5.3M | $238.6M | — | New |
| 7 | ENVESTNET ASSET MANAGEMENT INC | 4.3M | $195.8M | — | New |
| 8 | Meridiem Investment Management Ltd. | 4.2M | $191.4M | — | New |
| 9 | Legal & General Group Plc | 3.8M | $173.7M | — | New |
| 10 | VANGUARD FIDUCIARY TRUST CO | 3.0M | $138.1M | — | New |
| 11 | Bank of New York Mellon Corp | 2.9M | $129.9M | — | New |
| 12 | UBS Group AG | 2.5M | $111.4M | — | New |
| 13 | PROVIDENT TRUST CO | 2.4M | $106.8M | — | New |
| 14 | KING LUTHER CAPITAL MANAGEMENT CORP | 2.3M | $106.0M | — | New |
| 15 | DEUTSCHE BANK AG\ | 2.2M | $100.0M | — | New |
| 16 | Alecta Tjanstepension Omsesidigt | 2.2M | $99.6M | — | New |
| 17 | Swiss National Bank | 1.6M | $70.2M | — | New |
| 18 | Stephens Investment Management Group LLC | 1.5M | $68.7M | — | New |
| 19 | HSBC HOLDINGS PLC | 1.5M | $66.5M | — | New |
| 20 | JANE STREET GROUP, LLC | 1.5M | $66.4M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
SG&A grew 6.1% YoY in Q3 versus 7.2% sales growth—why did operating margin only expand 30bps despite supposed cost discipline and what's the trajectory into Q4?
- 2
Inventories rose 5.5% YoY to $3.25B against 7.2% sales growth—are you carrying tariff-exposed pull-forward inventory requiring markdowns?
- 3
Justify the $140M Allivet acquisition: what revenue contribution is embedded in 2025 guidance and how does online pet pharmacy compete with Chewy?
Refreshed when TSCO files a new report · last from 2026-02-19