Tractor Supply profit margin TSCO
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 6.4%
- Operating margin, 12 months
- 8.5%
- Net margin on a year earlier
- −0.8 pts
- Peer median
- 6.7%
Over the twelve months to Jun 27, 2026, Tractor Supply kept 6.4% of its revenue as net profit, with an operating margin of 8.5% and a gross margin of 36.5%.
Five years earlier its net margin was 7.4%.
The median for 10 specialty retail stocks of a similar size is 6.7%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 7.1% | 9.5% | 36.4% |
| FY2024 | 7.4% | 9.9% | 36.3% |
| FY2023 | 7.6% | 10.2% | 35.9% |
| FY2022 | 7.7% | 10.1% | 35.0% |
| FY2021 | 7.8% | 10.3% | 35.2% |
| FY2020 | 7.1% | 9.4% | 35.4% |
| FY2019 | 6.7% | 8.9% | 34.4% |
| FY2018 | 6.7% | 8.9% | 34.2% |
| FY2017 | 5.8% | 9.5% | 34.3% |
| FY2016 | 6.4% | 10.2% | 34.3% |
| FY2015 | 6.6% | 10.4% | 34.4% |
| FY2014 | 6.5% | 10.3% | 34.1% |
| FY2013 | 6.4% | 10.0% | 34.0% |
| FY2012 | 5.9% | 9.4% | 33.6% |
| FY2011 | 5.3% | 8.3% | 33.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 6.4% | −0.8 pts | 8.5% | |
| Q1 FY26 | 6.9% | −0.3 pts | 9.3% | |
| Q4 FY25 | 7.1% | −0.3 pts | 9.5% | |
| Q3 FY25 | 7.2% | −0.4 pts | 9.7% | |
| Q2 FY25 | 7.2% | −0.5 pts | 9.7% | |
| Q1 FY25 | 7.2% | −0.4 pts | 9.7% | |
| Q4 FY24 | 7.4% | −0.2 pts | 9.9% | |
| Q3 FY24 | 7.5% | −0.1 pts | 10.0% | |
| Q2 FY24 | 7.7% | +0.1 pts | 10.2% | |
| Q1 FY24 | 7.7% | +0.2 pts | 10.2% | |
| Q4 FY23 | 7.6% | −0.1 pts | 10.2% | |
| Q3 FY23 | 7.6% | −0.1 pts | 10.1% |
Against its peers
Companies in Specialty Retail nearest Tractor Supply's size, closest first, today.
| Company | Profit margin |
|---|---|
| TSCOTractor Supply | 6.4% |
| BBYBest Buy | 3.0% |
| DKSDick's Sporting Goods | 4.0% |
| GMEGameStop | 25.2% |
| CPNGCoupang | −2.2% |
| CASYCasey's General Stores | 4.1% |
| ULTAUlta Beauty | 9.3% |
| WSMWilliams-Sonoma | 14.7% |
| CHWYChewy | 2.1% |
| FCFSFirstCash | 9.4% |
| AZOAutoZone | 12.4% |
| Peer median | 6.7% |
Where Tractor Supply ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Tractor Supply
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.