Tractor Supply Company (TSCO) Income Statement
TSCO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTSCO revenue and net income
Where TSCO's revenue goes
2025Each bar shows an amount and its share of revenue. TSCO kept 7.1% of revenue as net income.
TSCO profit margins
TSCO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.3% | +3.0% | +7.9% | +9.6% |
| Gross profit | −4.4% | +1.2% | +6.5% | +9.2% |
| Operating income | −0.0% | +0.7% | +8.0% | +8.5% |
| Net income | −0.5% | +0.2% | +7.9% | +10.3% |
| EPS (diluted) | +1.0% | +2.0% | +8.6% | +13.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TSCO quarterly EPS vs estimates
Tractor Supply beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.40).
TSCO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.52B | $14.88B | $14.56B | $14.20B | $12.73B | $10.62B | $8.35B | $7.91B | $7.26B | $6.78B |
| Cost of revenue | $10.36B | $9.49B | $9.33B | $9.23B | $8.25B | $6.86B | $5.48B | $5.21B | $4.76B | $4.45B |
| Gross profit | $5.16B | $5.40B | $5.23B | $4.97B | $4.48B | $3.76B | $2.87B | $2.70B | $2.49B | $2.33B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $3.69B | $3.48B | $3.36B | $3.19B | $2.90B | $2.48B | $1.93B | $1.82B | $1.64B | $1.49B |
| Total operating expenses | $3.69B | $3.93B | $3.75B | $3.54B | $3.17B | $2.76B | $2.13B | $2.00B | $1.81B | $1.63B |
| Operating income | $1.47B | $1.47B | $1.48B | $1.43B | $1.31B | $996.9M | $743.2M | $701.7M | $686.4M | $694.1M |
| Interest income | — | — | — | — | — | — | — | — | — | $5.8M |
| Interest expense | $69.1M | $54.6M | $46.5M | $30.6M | $26.6M | $28.8M | $19.8M | $18.4M | $13.9M | $5.8M |
| Income before taxes | $1.40B | $1.41B | $1.43B | $1.40B | $1.28B | $968.1M | $723.4M | $683.4M | $672.5M | $688.3M |
| Income taxes | $302.2M | $311.7M | $325.2M | $315.6M | $283.0M | $219.2M | $161.0M | $151.0M | $249.9M | $251.2M |
| Net income | $1.10B | $1.10B | $1.11B | $1.09B | $997.1M | $749.0M | $562.4M | $532.4M | $422.6M | $437.1M |
| EBITDA | $1.96B | $1.91B | $1.87B | $1.78B | $1.58B | $1.21B | $939.2M | $879.1M | $852.2M | $837.0M |
| EPS (diluted) | $2.07 | $2.05 | $2.03 | $1.95 | $1.73 | $1.37 | $0.94 | $0.86 | $0.66 | $0.65 |
| Gross margin | 33.2% | 36.3% | 35.9% | 35.0% | 35.2% | 35.4% | 34.4% | 34.2% | 34.3% | 34.3% |
| Operating margin | 9.5% | 9.9% | 10.2% | 10.1% | 10.3% | 9.4% | 8.9% | 8.9% | 9.5% | 10.2% |
| Net margin | 7.1% | 7.4% | 7.6% | 7.7% | 7.8% | 7.1% | 6.7% | 6.7% | 5.8% | 6.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.54B | $3.59B | $3.90B | $3.72B | $4.44B | $3.47B | $3.77B | $3.47B | $4.25B | $3.39B | $3.66B | $3.41B |
| Cost of revenue | $2.99B | $2.42B | $2.90B | $2.33B | $2.92B | $2.21B | $2.44B | $2.18B | $2.69B | $2.17B | $2.37B | $2.16B |
| Gross profit | $1.55B | $1.17B | $998.0M | $1.39B | $1.52B | $1.26B | $1.33B | $1.29B | $1.56B | $1.22B | $1.29B | $1.25B |
| Sales, general & admin | $1.02B | $941.2M | $944.4M | $922.5M | $940.1M | $886.2M | $891.2M | $852.3M | $884.9M | $853.4M | $855.6M | $819.3M |
| Total operating expenses | $1.02B | $941.2M | $700.2M | $1.05B | $940.1M | $1.01B | $1.01B | $965.8M | $994.2M | $957.7M | $958.8M | $909.6M |
| Operating income | $529.9M | $233.4M | $297.7M | $342.7M | $577.8M | $249.1M | $318.3M | $324.6M | $561.5M | $263.1M | $334.2M | $340.9M |
| Interest expense | $17.1M | $19.1M | $16.9M | $14.7M | $18.0M | $19.6M | $17.2M | $13.9M | $11.6M | $11.9M | $11.9M | $9.5M |
| Income before taxes | $450.0M | $214.3M | $280.9M | $328.0M | $559.8M | $229.5M | $301.1M | $310.7M | $549.8M | $251.2M | $322.3M | $331.4M |
| Income taxes | $89.3M | $49.8M | $53.5M | $68.8M | $129.8M | $50.1M | $64.7M | $69.3M | $124.7M | $53.1M | $74.4M | $76.4M |
| Net income | $360.7M | $164.5M | $227.4M | $259.3M | $430.0M | $179.4M | $236.4M | $241.5M | $425.2M | $198.2M | $247.9M | $255.0M |
| EBITDA | $660.7M | $360.0M | $425.5M | $466.8M | $699.9M | $369.2M | $438.4M | $438.1M | $670.7M | $367.4M | $437.5M | $431.2M |
| EPS (diluted) | $0.81 | $0.31 | $0.43 | $0.49 | $0.81 | $0.34 | $0.44 | $0.45 | $0.79 | $0.37 | $0.46 | $0.47 |
| Gross margin | 34.2% | 32.7% | 25.6% | 37.4% | 34.2% | 36.2% | 35.2% | 37.2% | 36.6% | 36.0% | 35.3% | 36.6% |
| Operating margin | 11.7% | 6.5% | 7.6% | 9.2% | 13.0% | 7.2% | 8.4% | 9.4% | 13.2% | 7.8% | 9.1% | 10.0% |
| Net margin | 7.9% | 4.6% | 5.8% | 7.0% | 9.7% | 5.2% | 6.3% | 7.0% | 10.0% | 5.8% | 6.8% | 7.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TSCO's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TSCO financial results
In fiscal year 2025 (ended December 31, 2025), Tractor Supply reported revenue of $15.5 billion, up 4.3% from the year before. It had net income of $1.1 billion (down 0.5%), a net profit margin of 7.1%. Diluted earnings per share came to $2.07. Over five years revenue grew at an average rate of 7.9% a year.
See the TSCO stock overview for the latest quote and news, or the TSCO chart for price history and technical indicators.
TSCO income statement FAQ
What is Tractor Supply's annual revenue?
Tractor Supply reported total revenue of $15.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 4.3% from $14.9 billion the previous year.
Is Tractor Supply profitable?
Yes. Tractor Supply reported net income of $1.1 billion in fiscal 2025, a net profit margin of 7.1%; its operating margin was 9.5%.
What is Tractor Supply's gross margin?
Tractor Supply's gross margin was 33.2% in fiscal 2025: for every $100 of revenue, Tractor Supply kept $33 after the direct cost of its products and services.
How fast is Tractor Supply growing?
Revenue grew 7.9% a year on average over the last five fiscal years, from $10.6 billion to $15.5 billion.
What are Tractor Supply's earnings per share?
Tractor Supply earned $2.07 per diluted share in fiscal 2025, compared with $2.05 a year earlier.
When will Tractor Supply report its next earnings?
Tractor Supply is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does Tractor Supply's fiscal year end?
Tractor Supply's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.