(TSCO) Tractor Supply - Overview
Sector: Consumer Cyclical | Industry: Specialty Retail | Exchange: NASDAQ (USA) | Market Cap: 16.583m USD | Total Return: -39.8% in 12m
Avg Turnover: 392M
EPS Trend: -91.1%
Qual. Beats: 0
Rev. Trend: 86.5%
Qual. Beats: -2
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Tractor Supply Company (TSCO) is the largest rural lifestyle retailer in the United States, catering primarily to recreational farmers, ranchers, and rural homeowners. The company maintains a diverse inventory ranging from livestock feed and agricultural equipment to companion animal supplies, hardware, and seasonal power tools. It operates a multi-brand retail strategy through Tractor Supply Company, Petsense by Tractor Supply, and Orscheln Farm and Home stores, supported by an extensive portfolio of proprietary private-label brands.
The business model relies heavily on the Needs-Based retail sector, where a significant portion of revenue is derived from consumable, usable, and edible (C.U.E.) products that drive consistent foot traffic regardless of economic cycles. Unlike traditional big-box hardware stores, TSCO focuses on a niche demographic that prioritizes land maintenance and animal husbandry. For a deeper look into these fundamental drivers, explore the detailed metrics available on ValueRay.
Founded in 1938 and headquartered in Brentwood, Tennessee, the company utilizes an omni-channel approach to integrate its physical locations with digital platforms like TractorSupply.com. This infrastructure supports a customer base that requires specialized logistics for bulky items such as fencing, trailers, and livestock equipment.
- Livestock and equine feed demand drives recurring revenue through high consumption rates
- Expansion of private label brands increases gross margins and customer brand loyalty
- Rural consumer spending resilience influences comparable store sales growth and earnings
- Strategic store footprint expansion and Petsense integration scale market share and reach
- Agricultural commodity price fluctuations impact customer purchasing power and input costs
| Net Income: 1.08b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.88 > 1.0 |
| NWC/Revenue: 7.11% < 20% (prev 7.06%; Δ 0.05% < -1%) |
| CFO/TA 0.13 > 3% & CFO 1.51b > Net Income 1.08b |
| Net Debt (10.5b) to EBITDA (1.95b): 5.36 < 3 |
| Current Ratio: 1.38 > 1.5 & < 3 |
| Outstanding Shares: last quarter (528.1m) vs 12m ago -1.12% < -2% |
| Gross Margin: 32.46% > 18% (prev 0.36%; Δ 3.21k% > 0.5%) |
| Asset Turnover: 142.0% > 50% (prev 144.0%; Δ -2.05% > 0%) |
| Interest Coverage Ratio: 21.16 > 6 (EBITDA TTM 1.95b / Interest Expense TTM 68.6m) |
| A: 0.10 (Total Current Assets 4.04b - Total Current Liabilities 2.93b) / Total Assets 11.7b |
| B: 0.65 (Retained Earnings 7.56b / Total Assets 11.7b) |
| C: 0.13 (EBIT TTM 1.45b / Avg Total Assets 11.0b) |
| D: 0.83 (Book Value of Equity 7.56b / Total Liabilities 9.15b) |
| Altman-Z'' = 4.49 = AA |
| DSRI: 0.50 (Receivables 11.3m/21.6m, Revenue 15.6b/15.0b) |
| GMI: 1.12 (GM 32.46% / 36.32%) |
| AQI: 0.86 (AQ_t 0.04 / AQ_t-1 0.05) |
| SGI: 1.05 (Revenue 15.6b / 15.0b) |
| TATA: -0.04 (NI 1.08b - CFO 1.51b) / TA 11.7b) |
| Beneish M = -3.42 (Cap -4..+1) = AA |
As of May 27, 2026, the stock is trading at USD 29.80 with a total of 19,046,901 shares traded.
Over the past week, the price has changed by -6.05%,
over one month by -16.46%,
over three months by -41.77% and
over the past year by -39.83%.
Tractor Supply has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy TSCO.
- StrongBuy: 14
- Buy: 2
- Hold: 14
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 46.8 | 57% |
P/E Trailing = 15.5764
P/E Forward = 14.7275
P/S = 1.0597
P/B = 6.6074
P/EG = 1.4029
Revenue TTM = 15.6b USD
EBIT TTM = 1.45b USD
EBITDA TTM = 1.95b USD
Long Term Debt = 2.13b USD (from longTermDebt, last quarter)
Short Term Debt = 462.3m USD (from shortTermDebt, last quarter)
Debt = 10.7b USD (from shortLongTermDebtTotal, last quarter) + Leases 4.28b
Net Debt = 10.5b USD (calculated: Debt 10.7b - CCE 224.3m)
Enterprise Value = 27.1b USD (16.6b + Debt 10.7b - CCE 224.3m)
Interest Coverage Ratio = 21.16 (Ebit TTM 1.45b / Interest Expense TTM 68.6m)
EV/FCF = 46.26x (Enterprise Value 27.1b / FCF TTM 584.8m)
FCF Yield = 2.16% (FCF TTM 584.8m / Enterprise Value 27.1b)
FCF Margin = 3.74% (FCF TTM 584.8m / Revenue TTM 15.6b)
Net Margin = 6.91% (Net Income TTM 1.08b / Revenue TTM 15.6b)
Gross Margin = 32.46% ((Revenue TTM 15.6b - Cost of Revenue TTM 10.6b) / Revenue TTM)
Gross Margin QoQ = 32.70% (prev 25.60%)
Tobins Q-Ratio = 2.32 (Enterprise Value 27.1b / Total Assets 11.7b)
Interest Expense / Debt = 0.64% (Interest Expense 68.6m / Debt 10.7b)
Taxrate = 23.24% (49.8m / 214.3m)
NOPAT = 1.11b (EBIT 1.45b * (1 - 23.24%))
Current Ratio = 1.38 (Total Current Assets 4.04b / Total Current Liabilities 2.93b)
Debt / Equity = 4.25 (Debt 10.7b / totalStockholderEquity, last quarter 2.51b)
Debt / EBITDA = 5.36 (Net Debt 10.5b / EBITDA 1.95b)
Debt / FCF = 17.90 (Net Debt 10.5b / FCF TTM 584.8m)
Total Stockholder Equity = 2.54b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.81% (Net Income 1.08b / Total Assets 11.7b)
RoE = 42.57% (Net Income TTM 1.08b / Total Stockholder Equity 2.54b)
RoCE = 31.12% (EBIT 1.45b / Capital Employed (Equity 2.54b + L.T.Debt 2.13b))
RoIC = 12.15% (NOPAT 1.11b / Invested Capital 9.18b)
WACC = 5.35% (E(16.6b)/V(27.3b) * Re(8.48%) + D(10.7b)/V(27.3b) * Rd(0.64%) * (1-Tc(0.23)))
Discount Rate = 8.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.11 | Cagr: -1.31%
[DCF] Terminal Value 74.82% ; FCFF base≈595.7m ; Y1≈575.8m ; Y5≈565.3m
[DCF] Fair Price = N/A (negative equity: EV 8.87b - Net Debt 10.5b = -1.60b; debt exceeds intrinsic value)
EPS Correlation: -91.12 | EPS CAGR: -52.59% | SUE: -0.82 | # QB: 0
Revenue Correlation: 86.51 | Revenue CAGR: 2.30% | SUE: -1.09 | # QB: -2
EPS current Quarter (2026-06-30): EPS=0.86 | Chg30d=-1.06% | Revisions=-68% | Analysts=21
EPS next Quarter (2026-09-30): EPS=0.50 | Chg30d=-1.52% | Revisions=-38% | Analysts=21
EPS current Year (2026-12-31): EPS=2.13 | Chg30d=-2.15% | Revisions=-84% | GrowthEPS=+3.3% | GrowthRev=+4.5%
EPS next Year (2027-12-31): EPS=2.31 | Chg30d=-3.82% | Revisions=-84% | GrowthEPS=+8.5% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: -84%