TRACTOR SUPPLY COMPANY (TSCO) Fundamental Analysis & Valuation

NASDAQ:TSCO • US8923561067

Current stock price

38.17 USD
-0.79 (-2.03%)
At close:
38.28 USD
+0.11 (+0.29%)
After Hours:

This TSCO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. TSCO Profitability Analysis

1.1 Basic Checks

  • TSCO had positive earnings in the past year.
  • TSCO had a positive operating cash flow in the past year.
  • Each year in the past 5 years TSCO has been profitable.
  • TSCO had a positive operating cash flow in each of the past 5 years.
TSCO Yearly Net Income VS EBIT VS OCF VS FCFTSCO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 10.02%, TSCO belongs to the top of the industry, outperforming 84.55% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 42.46%, TSCO belongs to the top of the industry, outperforming 93.50% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 13.79%, TSCO belongs to the top of the industry, outperforming 83.74% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for TSCO is in line with the industry average of 13.58%.
Industry RankSector Rank
ROA 10.02%
ROE 42.46%
ROIC 13.79%
ROA(3y)11.1%
ROA(5y)11.79%
ROE(3y)47.49%
ROE(5y)49.11%
ROIC(3y)15.2%
ROIC(5y)16.37%
TSCO Yearly ROA, ROE, ROICTSCO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

1.3 Margins

  • The Profit Margin of TSCO (7.06%) is better than 84.55% of its industry peers.
  • In the last couple of years the Profit Margin of TSCO has remained more or less at the same level.
  • TSCO's Operating Margin of 9.45% is amongst the best of the industry. TSCO outperforms 82.93% of its industry peers.
  • In the last couple of years the Operating Margin of TSCO has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 36.42%, TSCO is in line with its industry, outperforming 50.41% of the companies in the same industry.
  • TSCO's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 9.45%
PM (TTM) 7.06%
GM 36.42%
OM growth 3Y-2.19%
OM growth 5Y-1.19%
PM growth 3Y-2.7%
PM growth 5Y0.02%
GM growth 3Y1.33%
GM growth 5Y0.56%
TSCO Yearly Profit, Operating, Gross MarginsTSCO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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6

2. TSCO Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TSCO is creating value.
  • Compared to 1 year ago, TSCO has less shares outstanding
  • The number of shares outstanding for TSCO has been reduced compared to 5 years ago.
  • Compared to 1 year ago, TSCO has an improved debt to assets ratio.
TSCO Yearly Shares OutstandingTSCO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
TSCO Yearly Total Debt VS Total AssetsTSCO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • TSCO has an Altman-Z score of 4.40. This indicates that TSCO is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of TSCO (4.40) is better than 85.37% of its industry peers.
  • The Debt to FCF ratio of TSCO is 2.43, which is a good value as it means it would take TSCO, 2.43 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of TSCO (2.43) is better than 74.80% of its industry peers.
  • A Debt/Equity ratio of 0.70 indicates that TSCO is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.70, TSCO perfoms like the industry average, outperforming 47.15% of the companies in the same industry.
  • Even though the debt/equity ratio score it not favorable for TSCO, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 2.43
Altman-Z 4.4
ROIC/WACC1.63
WACC8.44%
TSCO Yearly LT Debt VS Equity VS FCFTSCO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • A Current Ratio of 1.34 indicates that TSCO should not have too much problems paying its short term obligations.
  • TSCO's Current ratio of 1.34 is in line compared to the rest of the industry. TSCO outperforms 53.66% of its industry peers.
  • TSCO has a Quick Ratio of 1.34. This is a bad value and indicates that TSCO is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.16, TSCO is doing worse than 90.24% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.34
Quick Ratio 0.16
TSCO Yearly Current Assets VS Current LiabilitesTSCO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. TSCO Growth Analysis

3.1 Past

  • TSCO shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.29%.
  • TSCO shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.54% yearly.
  • Looking at the last year, TSCO shows a small growth in Revenue. The Revenue has grown by 4.31% in the last year.
  • The Revenue has been growing slightly by 7.89% on average over the past years.
EPS 1Y (TTM)1.29%
EPS 3Y2.15%
EPS 5Y8.54%
EPS Q2Q%-8.82%
Revenue 1Y (TTM)4.31%
Revenue growth 3Y3%
Revenue growth 5Y7.89%
Sales Q2Q%3.61%

3.2 Future

  • TSCO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.17% yearly.
  • TSCO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.16% yearly.
EPS Next Y7.46%
EPS Next 2Y8.85%
EPS Next 3Y9.79%
EPS Next 5Y10.17%
Revenue Next Year4.52%
Revenue Next 2Y5.26%
Revenue Next 3Y5.97%
Revenue Next 5Y6.16%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TSCO Yearly Revenue VS EstimatesTSCO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B 25B
TSCO Yearly EPS VS EstimatesTSCO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3 4

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4

4. TSCO Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 18.71 indicates a rather expensive valuation of TSCO.
  • Based on the Price/Earnings ratio, TSCO is valued a bit cheaper than the industry average as 72.36% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.47. TSCO is valued slightly cheaper when compared to this.
  • TSCO is valuated correctly with a Price/Forward Earnings ratio of 15.56.
  • TSCO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TSCO is cheaper than 70.73% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of TSCO to the average of the S&P500 Index (22.62), we can say TSCO is valued slightly cheaper.
Industry RankSector Rank
PE 18.71
Fwd PE 15.56
TSCO Price Earnings VS Forward Price EarningsTSCO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • TSCO's Enterprise Value to EBITDA is on the same level as the industry average.
  • TSCO's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 27.11
EV/EBITDA 11.27
TSCO Per share dataTSCO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • TSCO has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.51
PEG (5Y)2.19
EPS Next 2Y8.85%
EPS Next 3Y9.79%

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5

5. TSCO Dividend Analysis

5.1 Amount

  • TSCO has a Yearly Dividend Yield of 2.43%.
  • The stock price of TSCO dropped by -30.21% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • Compared to an average industry Dividend Yield of 3.35, TSCO pays a bit more dividend than its industry peers.
  • TSCO's Dividend Yield is a higher than the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 2.43%

5.2 History

  • The dividend of TSCO decreases each year by -9.18%.
  • TSCO has paid a dividend for at least 10 years, which is a reliable track record.
  • TSCO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-9.18%
Div Incr Years15
Div Non Decr Years15
TSCO Yearly Dividends per shareTSCO Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 44.49% of the earnings are spent on dividend by TSCO. This is a bit on the high side, but may be sustainable.
DP44.49%
EPS Next 2Y8.85%
EPS Next 3Y9.79%
TSCO Yearly Income VS Free CF VS DividendTSCO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
TSCO Dividend Payout.TSCO Dividend Payout, showing the Payout Ratio.TSCO Dividend Payout.PayoutRetained Earnings

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TSCO Fundamentals: All Metrics, Ratios and Statistics

TRACTOR SUPPLY COMPANY

NASDAQ:TSCO (4/23/2026, 8:00:01 PM)

After market: 38.28 +0.11 (+0.29%)

38.17

-0.79 (-2.03%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)04-21
Earnings (Next)07-22
Inst Owners99.5%
Inst Owner Change0.04%
Ins Owners0.27%
Ins Owner Change7.64%
Market Cap20.08B
Revenue(TTM)15.52B
Net Income(TTM)1.10B
Analysts77.3
Price Target57.72 (51.22%)
Short Float %5.45%
Short Ratio4.64
Dividend
Industry RankSector Rank
Dividend Yield 2.43%
Yearly Dividend0.92
Dividend Growth(5Y)-9.18%
DP44.49%
Div Incr Years15
Div Non Decr Years15
Ex-Date02-24
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.62%
Min EPS beat(2)-8.89%
Max EPS beat(2)-0.36%
EPS beat(4)0
Avg EPS beat(4)-4.91%
Min EPS beat(4)-9.37%
Max EPS beat(4)-0.36%
EPS beat(8)1
Avg EPS beat(8)-3%
EPS beat(12)2
Avg EPS beat(12)-2.78%
EPS beat(16)4
Avg EPS beat(16)-1.22%
Revenue beat(2)0
Avg Revenue beat(2)-3.17%
Min Revenue beat(2)-4.38%
Max Revenue beat(2)-1.95%
Revenue beat(4)0
Avg Revenue beat(4)-2.79%
Min Revenue beat(4)-4.38%
Max Revenue beat(4)-0.97%
Revenue beat(8)0
Avg Revenue beat(8)-2.58%
Revenue beat(12)0
Avg Revenue beat(12)-2.71%
Revenue beat(16)2
Avg Revenue beat(16)-2.1%
PT rev (1m)-1.6%
PT rev (3m)-9.57%
EPS NQ rev (1m)-0.35%
EPS NQ rev (3m)-7.84%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.52%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)-1.77%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)-2.04%
Valuation
Industry RankSector Rank
PE 18.71
Fwd PE 15.56
P/S 1.29
P/FCF 27.11
P/OCF 12.28
P/B 7.78
P/tB 9.2
EV/EBITDA 11.27
EPS(TTM)2.04
EY5.34%
EPS(NY)2.45
Fwd EY6.43%
FCF(TTM)1.41
FCFY3.69%
OCF(TTM)3.11
OCFY8.14%
SpS29.51
BVpS4.91
TBVpS4.15
PEG (NY)2.51
PEG (5Y)2.19
Graham Number15.0082 (-60.68%)
Profitability
Industry RankSector Rank
ROA 10.02%
ROE 42.46%
ROCE 17.64%
ROIC 13.79%
ROICexc 14.12%
ROICexgc 14.85%
OM 9.45%
PM (TTM) 7.06%
GM 36.42%
FCFM 4.77%
ROA(3y)11.1%
ROA(5y)11.79%
ROE(3y)47.49%
ROE(5y)49.11%
ROIC(3y)15.2%
ROIC(5y)16.37%
ROICexc(3y)15.82%
ROICexc(5y)17.52%
ROICexgc(3y)16.51%
ROICexgc(5y)18.15%
ROCE(3y)19.45%
ROCE(5y)20.94%
ROICexgc growth 3Y-9.19%
ROICexgc growth 5Y-6.98%
ROICexc growth 3Y-9.39%
ROICexc growth 5Y-7.65%
OM growth 3Y-2.19%
OM growth 5Y-1.19%
PM growth 3Y-2.7%
PM growth 5Y0.02%
GM growth 3Y1.33%
GM growth 5Y0.56%
F-Score6
Asset Turnover1.42
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 2.43
Debt/EBITDA 0.92
Cap/Depr 181.12%
Cap/Sales 5.76%
Interest Coverage 21.04
Cash Conversion 83.37%
Profit Quality 67.56%
Current Ratio 1.34
Quick Ratio 0.16
Altman-Z 4.4
F-Score6
WACC8.44%
ROIC/WACC1.63
Cap/Depr(3y)182.76%
Cap/Depr(5y)201.25%
Cap/Sales(3y)5.4%
Cap/Sales(5y)5.32%
Profit Quality(3y)59.26%
Profit Quality(5y)56.51%
High Growth Momentum
Growth
EPS 1Y (TTM)1.29%
EPS 3Y2.15%
EPS 5Y8.54%
EPS Q2Q%-8.82%
EPS Next Y7.46%
EPS Next 2Y8.85%
EPS Next 3Y9.79%
EPS Next 5Y10.17%
Revenue 1Y (TTM)4.31%
Revenue growth 3Y3%
Revenue growth 5Y7.89%
Sales Q2Q%3.61%
Revenue Next Year4.52%
Revenue Next 2Y5.26%
Revenue Next 3Y5.97%
Revenue Next 5Y6.16%
EBIT growth 1Y-0.01%
EBIT growth 3Y0.75%
EBIT growth 5Y6.6%
EBIT Next Year38.53%
EBIT Next 3Y17.26%
EBIT Next 5Y13.39%
FCF growth 1Y16.29%
FCF growth 3Y8.26%
FCF growth 5Y-7.62%
OCF growth 1Y15.09%
OCF growth 3Y6.41%
OCF growth 5Y3.24%

TRACTOR SUPPLY COMPANY / TSCO Fundamental Analysis FAQ

What is the fundamental rating for TSCO stock?

ChartMill assigns a fundamental rating of 6 / 10 to TSCO.


Can you provide the valuation status for TRACTOR SUPPLY COMPANY?

ChartMill assigns a valuation rating of 4 / 10 to TRACTOR SUPPLY COMPANY (TSCO). This can be considered as Fairly Valued.


Can you provide the profitability details for TRACTOR SUPPLY COMPANY?

TRACTOR SUPPLY COMPANY (TSCO) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for TSCO stock?

The Price/Earnings (PE) ratio for TRACTOR SUPPLY COMPANY (TSCO) is 18.71 and the Price/Book (PB) ratio is 7.78.


What is the earnings growth outlook for TRACTOR SUPPLY COMPANY?

The Earnings per Share (EPS) of TRACTOR SUPPLY COMPANY (TSCO) is expected to grow by 7.46% in the next year.