Is Tractor Supply (TSCO) overvalued or fairly valued?

MarketChacha shows Tractor Supply's valuation in context — a trailing P/E of about 15.2, a forward P/E of about 17.2, a price-to-book of about 7.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Tractor Supply's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.33×) from reported figures — education, not a rating.

What is Tractor Supply's revenue?

Tractor Supply reported revenue of $15.5B for FY2025, with net profit of $1.1B, per official filings.

What is the share price of Tractor Supply (TSCO)?

Tractor Supply last traded at $34.99 (+1.1% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Tractor Supply

TSCO · NYSE · Consumer Discretionary · United States

Snapshot

TickerTSCO

ExchangeNYSE

SectorConsumer Discretionary

IndustrySpecialty Retail

CountryUnited States

Employees54,000

HeadquartersBrentwood, United States

Websitewww.tractorsupply.com

Filings tracked19

About Tractor Supply

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.

Who owns it

Insiders0.3%
Institutions96.7%
Public & other2.9%

1,476 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.9.05%
Invesco Ltd.6.59%
Vanguard Capital Management LLC6.53%
Capital Research Global Investors5.72%
Vanguard Portfolio Management LLC5.09%
Capital International Investors4.93%
Price (T.Rowe) Associates Inc4.49%
State Street Corporation4.48%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.33×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend7.6% → 7.1%

Margin has held broadly steady over the period — stable profitability.

Return on equity42.5%

Latest ROE of 42.5% — capital is generating a healthy return.

Growth qualityrev 3% · PAT -1%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $4.0B · EPS 0.40

Est. earnings growth -5.0%

Next fiscal year

Rev $16.6B · EPS 2.05

Est. earnings growth +6.2%

Analyst consensus estimates — not the company's own guidance.

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$15.5B

Net margin

7.1%

ROE

42.5%

Revenue CAGR (2y)

+3.3%

Profit CAGR (2y)

-0.5%

EPS (FY2025)

2.06

Net profit (FY2025)

$1.1B

Ask MarketChacha about TSCO

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$15.5B	$1.1B	2.06	7.1%	42.5%
FY2024	$14.9B	$1.1B	2.04	7.4%	48.5%
FY2023	$14.6B	$1.1B	2.02	7.6%	51.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$4.5B	$360.7M	0.69	7.9%
2026Q1	$3.6B	$164.5M	0.31	4.6%
2025Q4	—	$1.1B	—	—
2025Q3	$3.7B	$259.3M	0.49	7.0%
2025Q2	$4.4B	$430.0M	0.81	9.7%
2025Q1	$3.5B	$179.4M	0.34	5.2%
2024Q3	$3.5B	$241.5M	0.45	7.0%
2024Q2	$4.2B	$425.2M	0.79	10.0%
2024Q1	$3.4B	$198.2M	0.37	5.8%
2023Q3	$3.4B	$421.2M	2.33	12.3%
2023Q2	$3.3B	$183.1M	1.65	5.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change
SEC8/7/2026material
8-K — Other events, Exhibits
SEC8/6/2026material
10-Q — 10-Q TRACTOR SUPPLY COMPANY
SEC8/6/2026
8-K — Results of operations, Exhibits
SEC7/23/2026material
8-K — Other events, Exhibits
SEC5/28/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC5/21/2026material
8-K — Shareholder vote results, Other events
SEC5/15/2026material
8-K/A — Executive/director change
SEC5/15/2026
8-K — Other events, Exhibits
SEC5/14/2026material
10-Q — 10-Q TRACTOR SUPPLY COMPANY
SEC5/7/2026
8-K — Results of operations, Exhibits
SEC4/21/2026material
10-K filing
SEC2/19/2026
8-K — Executive/director change, Other events, Exhibits
SEC2/11/2026material
8-K — Results of operations, Exhibits
SEC1/29/2026material

2025

10-Q — 10-Q TRACTOR SUPPLY COMPANY
SEC11/6/2025
8-K — Executive/director change, Other events, Exhibits
SEC11/5/2025material
8-K — Results of operations, Exhibits
SEC10/23/2025material
8-K — Other events, Exhibits
SEC8/7/2025material
10-Q — 10-Q TRACTOR SUPPLY COMPANY
SEC8/7/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.