Tractor Supply Company (TSCO) Key Metrics
TSCO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $17.28B
- Enterprise value
- $23.14B
- P/E (TTM)
- 17.3 10-yr median 22.9
- Forward P/E
- 14.5
- PEG ratio
- 2.03
- Price / sales
- 1.1 10-yr median 1.6
- Price / book
- 6.4 10-yr median 9.4
- EV / EBITDA
- 12.5 10-yr median 15.2
- Dividend yield
- 2.90% $0.96 a year
- Beta
- 0.51
TSCO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTSCO valuation Price multiples at each fiscal year-end price.
TSCO returns How much profit the business earns on the capital it uses.
TSCO per-share figures Results divided by the shares outstanding at year-end.
TSCO financial health Debt, liquidity and how easily interest is covered.
TSCO efficiency & capital use Working capital cycle and where the cash goes.
TSCO valuation history
TSCO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TSCO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TSCO cash returned to shareholders
TSCO price vs earnings per share
TSCO key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $26.61B | $28.63B | $23.60B | $25.23B | $27.64B | $16.51B | $11.28B | $10.30B | $9.58B | $10.14B |
| Enterprise value | $32.36B | $33.81B | $28.24B | $29.30B | $30.68B | $18.71B | $13.91B | $10.66B | $9.94B | $10.39B |
| P/E ratio | 24.3 | 26.0 | 21.3 | 23.2 | 27.7 | 22.0 | 20.1 | 19.4 | 22.7 | 23.2 |
| Price / sales | 1.7 | 1.9 | 1.6 | 1.8 | 2.2 | 1.6 | 1.4 | 1.3 | 1.3 | 1.5 |
| Price / book | 10.3 | 12.6 | 11.0 | 12.4 | 13.8 | 8.6 | 7.2 | 6.6 | 6.8 | 7.0 |
| Price / free cash flow | 35.9 | 45.0 | 40.7 | 43.2 | 54.2 | 15.0 | 19.0 | 24.8 | 25.1 | 24.6 |
| Price / operating cash flow | 16.3 | 20.2 | 17.7 | 18.6 | 24.3 | 11.8 | 13.9 | 14.8 | 15.2 | 15.6 |
| EV / sales | 2.1 | 2.3 | 1.9 | 2.1 | 2.4 | 1.8 | 1.7 | 1.3 | 1.4 | 1.5 |
| EV / EBITDA | 16.5 | 17.7 | 15.1 | 16.5 | 19.5 | 15.4 | 14.8 | 12.1 | 11.7 | 12.4 |
| EV / free cash flow | 43.7 | 53.1 | 48.7 | 50.2 | 60.1 | 17.0 | 23.4 | 25.6 | 26.1 | 25.2 |
| Earnings yield | 4.1% | 3.8% | 4.7% | 4.3% | 3.6% | 4.5% | 5.0% | 5.2% | 4.4% | 4.3% |
| Free cash flow yield | 2.8% | 2.2% | 2.5% | 2.3% | 1.8% | 6.7% | 5.3% | 4.0% | 4.0% | 4.1% |
| Dividend yield | 1.8% | 1.7% | 1.9% | 1.6% | 0.9% | 1.1% | 1.4% | 1.4% | 1.4% | 1.2% |
| Shareholder yield (dividends + buybacks) | 3.2% | 3.7% | 4.5% | 4.5% | 3.8% | 3.2% | 6.2% | 4.8% | 5.3% | 4.5% |
| Share price at fiscal year-end | $50.01 | $53.06 | $43.01 | $44.99 | $47.72 | $28.12 | $18.69 | $16.69 | $14.95 | $15.16 |
| Per share | ||||||||||
| Revenue per share | $29.17 | $27.58 | $26.53 | $25.33 | $21.98 | $18.09 | $13.83 | $12.81 | $11.32 | $10.13 |
| Earnings per share | $2.06 | $2.04 | $2.02 | $1.94 | $1.72 | $1.28 | $0.93 | $0.86 | $0.66 | $0.65 |
| Operating cash flow per share | $3.07 | $2.63 | $2.43 | $2.42 | $1.97 | $2.37 | $1.34 | $1.12 | $0.99 | $0.97 |
| Free cash flow per share | $1.39 | $1.18 | $1.06 | $1.04 | $0.88 | $1.87 | $0.98 | $0.67 | $0.59 | $0.62 |
| Cash per share | $0.36 | $0.47 | $0.72 | $0.36 | $1.52 | $2.29 | $0.14 | $0.14 | $0.17 | $0.08 |
| Book value per share | $4.85 | $4.21 | $3.92 | $3.64 | $3.46 | $3.28 | $2.60 | $2.53 | $2.21 | $2.17 |
| Tangible book value per share | $4.10 | $3.71 | $3.43 | $3.19 | $3.36 | $3.18 | $2.39 | $2.33 | $2.02 | $1.98 |
| Dividends per share | $0.92 | $0.88 | $0.82 | $0.73 | $0.41 | $0.30 | $0.27 | $0.24 | $0.21 | $0.18 |
| Capex per share | $1.68 | $1.45 | $1.37 | $1.38 | $1.09 | $0.50 | $0.36 | $0.45 | $0.39 | $0.34 |
| Debt per share | $11.17 | $10.05 | $9.18 | $7.62 | $6.77 | $6.03 | $4.49 | $0.71 | $0.72 | $0.45 |
| Shares outstanding | 532.2M | 539.7M | 548.7M | 560.7M | 579.1M | 587.2M | 603.7M | 617.4M | 641.0M | 669.1M |
| Change in shares outstanding | −1.4% | −1.7% | −2.1% | −3.2% | −1.4% | −2.7% | −2.2% | −3.7% | −4.2% | −2.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 45.2% | 49.8% | 52.8% | 53.8% | 50.8% | 42.9% | 35.9% | 35.7% | 29.4% | 30.7% |
| Return on invested capital (ROIC) | 14.6% | 16.1% | 17.7% | 19.9% | 22.2% | 18.5% | 18.9% | 29.6% | 24.8% | 26.3% |
| Return on assets (ROA) | 10.6% | 11.6% | 12.5% | 13.4% | 13.5% | 12.1% | 13.4% | 17.9% | 15.2% | 17.3% |
| Return on tangible assets | 10.4% | 11.5% | 12.4% | 13.2% | 12.9% | 10.7% | 10.9% | 18.0% | 15.4% | 17.1% |
| Free cash flow margin | 4.8% | 4.3% | 4.0% | 4.1% | 4.0% | 10.4% | 7.1% | 5.3% | 5.3% | 6.1% |
| Income quality (OCF / net income) | 1.49 | 1.29 | 1.20 | 1.25 | 1.14 | 1.86 | 1.44 | 1.30 | 1.49 | 1.49 |
| Financial health | ||||||||||
| Total debt | $5.94B | $5.42B | $5.04B | $4.27B | $3.92B | $3.54B | $2.71B | $440.3M | $462.2M | $301.1M |
| Cash & short-term investments | $194.1M | $251.5M | $397.1M | $202.5M | $878.0M | $1.34B | $84.2M | $86.3M | $109.1M | $53.9M |
| Net debt | $5.75B | $5.17B | $4.64B | $4.07B | $3.04B | $2.20B | $2.62B | $354.0M | $353.1M | $247.1M |
| Debt / equity | 2.30 | 2.39 | 2.34 | 2.09 | 1.96 | 1.84 | 1.73 | 0.28 | 0.33 | 0.21 |
| Debt / assets | 0.54 | 0.55 | 0.55 | 0.50 | 0.50 | 0.50 | 0.51 | 0.14 | 0.16 | 0.11 |
| Net debt / EBITDA | 2.93 | 2.70 | 2.48 | 2.29 | 1.93 | 1.81 | 2.79 | 0.40 | 0.41 | 0.30 |
| Current ratio | 1.34 | 1.43 | 1.50 | 1.33 | 1.57 | 1.87 | 1.43 | 1.91 | 1.95 | 1.95 |
| Quick ratio | 0.16 | 0.20 | 0.28 | 0.19 | 0.51 | 0.85 | 0.15 | 0.22 | 0.24 | 0.19 |
| Interest coverage | 21.2 | 26.9 | 31.8 | 46.8 | 49.1 | 34.6 | 37.5 | 38.2 | 49.5 | 119.5 |
| Working capital | $893.3M | $990.7M | $1.09B | $781.6M | $1.19B | $1.51B | $540.3M | $856.3M | $806.2M | $740.6M |
| Invested capital | $8.33B | $7.44B | $6.79B | $6.11B | $5.04B | $4.12B | $4.19B | $1.92B | $1.77B | $1.70B |
| Tangible asset value | $2.18B | $2.00B | $1.88B | $1.79B | $1.95B | $1.87B | $1.44B | $1.44B | $1.29B | $1.33B |
| Net current asset value | −$4.84B | −$4.23B | −$3.77B | −$3.29B | −$2.51B | −$1.87B | −$1.93B | $271.0M | $205.3M | $296.1M |
| Graham number | $14.99 | $13.90 | $13.34 | $12.61 | $11.57 | $9.70 | $7.38 | $7.01 | $5.73 | $5.65 |
| Graham net-net per share | −$12.39 | −$10.84 | −$9.69 | −$8.72 | −$6.52 | −$4.93 | −$4.82 | −$1.04 | −$0.95 | −$0.72 |
| Capital allocation | ||||||||||
| Dividends paid | $487.7M | $472.5M | $449.6M | $409.6M | $239.0M | $174.7M | $162.7M | $147.1M | $133.8M | $122.3M |
| Share buybacks (net) | $361.3M | $584.6M | $618.6M | $728.7M | $813.8M | $350.8M | $537.1M | $351.1M | $370.2M | $332.6M |
| Dividend payout ratio | 44.5% | 42.9% | 40.6% | 37.6% | 24.0% | 23.3% | 28.9% | 27.6% | 31.7% | 28.0% |
| Dividends + buybacks / free cash flow | 114.6% | 166.0% | 184.1% | 195.0% | 206.3% | 47.7% | 117.8% | 119.8% | 132.3% | 110.1% |
| Capex / revenue | 5.8% | 5.3% | 5.2% | 5.4% | 4.9% | 2.8% | 2.6% | 3.5% | 3.5% | 3.3% |
| Capex / operating cash flow | 54.7% | 55.2% | 56.5% | 57.0% | 55.2% | 21.1% | 26.8% | 40.1% | 39.7% | 34.7% |
| Capex / depreciation | 1.81 | 1.75 | 1.92 | 2.25 | 2.33 | 1.35 | 1.11 | 1.57 | 1.51 | 1.58 |
| Stock-based compensation / revenue | 0.4% | 0.3% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.3% |
| SG&A / revenue | 23.8% | 23.4% | 23.1% | 22.5% | 22.8% | 23.3% | 23.1% | 23.0% | 22.6% | 22.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 0.6 | 0.3 | 0.0 | 0.2 | 0.2 | -1.7 | -2.1 | 0.2 | 0.2 | 0.2 |
| Days of inventory on hand | 104.3 | 105.5 | 104.8 | 96.9 | 87.9 | 90.1 | 106.3 | 106.6 | 108.1 | 108.7 |
| Days payables outstanding | 46.3 | 46.5 | 50.4 | 50.5 | 47.1 | 43.1 | 42.1 | 41.9 | 42.0 | 38.8 |
| Cash conversion cycle (days) | 58.6 | 59.4 | 54.4 | 46.6 | 41.0 | 45.3 | 62.1 | 64.9 | 66.4 | 70.1 |
| Receivables turnover | 637.80 | 1,235.33 | 11,829.12 | 1,661.37 | 1,489.02 | — | — | 1,783.57 | 1,719.52 | 1,821.73 |
| Payables turnover | 7.89 | 7.85 | 7.24 | 7.23 | 7.74 | 8.47 | 8.68 | 8.71 | 8.69 | 9.41 |
| Inventory turnover | 3.50 | 3.46 | 3.48 | 3.77 | 4.15 | 4.05 | 3.43 | 3.42 | 3.38 | 3.36 |
| Asset turnover | 1.50 | 1.57 | 1.65 | 1.75 | 1.72 | 1.72 | 1.99 | 2.66 | 2.62 | 2.69 |
| Average receivables | $24.3M | $12.0M | $1.2M | $8.6M | $8.6M | −$50.2M | −$48.1M | $4.4M | $4.2M | $3.7M |
| Average payables | $1.31B | $1.21B | $1.29B | $1.28B | $1.07B | $809.6M | $631.5M | $598.3M | $548.0M | $473.4M |
| Average inventory | $2.96B | $2.74B | $2.68B | $2.45B | $1.99B | $1.69B | $1.60B | $1.52B | $1.41B | $1.33B |
| Intangibles / total assets | 3.6% | 2.7% | 2.9% | 3.0% | 0.7% | 0.8% | 2.4% | 4.0% | 4.3% | 4.7% |
Computed from TSCO's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TSCO valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Tractor Supply traded at 24.3 times earnings, against a 10-year median of 22.9. Based on the latest twelve months, the trailing P/E is 17.3 and the forward P/E is 14.5. Tractor Supply earned a return on equity of 45.2% and a return on invested capital of 14.6% in fiscal 2025. It ended the year with $5.9 billion of debt and $194.1 million in cash and short-term investments, net debt of $5.7 billion. It returned $848.9 million to shareholders: $487.7 million in dividends and $361.3 million in share buybacks, 115% of free cash flow. The share count fell 20.5% from 669.1M to 532.2M over 9 years.
See the TSCO income statement, the TSCO chart for price history, or the TSCO stock overview for the latest quote and news.
TSCO key metrics FAQ
What is Tractor Supply's P/E ratio?
Tractor Supply's trailing P/E ratio is 17.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.5. At the end of fiscal 2025 it was 24.3, compared with a 10-year median of 22.9.
What is Tractor Supply's EV/EBITDA?
Tractor Supply's enterprise value was 16.5 times EBITDA at the end of fiscal 2025 (enterprise value $32.4 billion, EBITDA $2.0 billion); the current EV/EBITDA is 12.5.
What is Tractor Supply's return on equity?
Tractor Supply's return on equity (ROE) was 45.2% in fiscal 2025: net income of $1.1 billion on average shareholders' equity of $2.4 billion.
What is Tractor Supply's ROIC?
Tractor Supply's return on invested capital was 14.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Tractor Supply have?
Tractor Supply had total debt of $5.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.30 and $5.7 billion of net debt (2.93 times EBITDA).
What is Tractor Supply's dividend yield?
Tractor Supply's forward dividend yield is 2.90%. Tractor Supply paid $487.7 million in dividends in fiscal 2025 ($0.92 per share), a payout ratio of 44.5%.
Does Tractor Supply buy back its shares?
Yes. Tractor Supply spent $361.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.4% over the year, to 532.2M..
What is Tractor Supply's free cash flow yield?
Tractor Supply generated $740.5 million of free cash flow in fiscal 2025, a free cash flow yield of 2.8% on its market value at year-end ($26.6 billion).
What is Tractor Supply's current ratio?
Tractor Supply's current ratio was 1.34 at the end of fiscal 2025: current assets were 1.34 times current liabilities.