TRACTOR SUPPLY COMPANY (TSCO) Fundamental Analysis & Valuation

NASDAQ:TSCO • US8923561067

Current stock price

45.77 USD
-0.41 (-0.89%)
At close:
46.18 USD
+0.41 (+0.9%)
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

  • In the past year TSCO was profitable.
  • 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

  • The Return On Assets of TSCO (10.02%) is better than 85.60% of its industry peers.
  • TSCO's Return On Equity of 42.46% is amongst the best of the industry. TSCO outperforms 94.40% of its industry peers.
  • TSCO's Return On Invested Capital of 13.79% is amongst the best of the industry. TSCO outperforms 84.80% of its industry peers.
  • TSCO had an Average Return On Invested Capital over the past 3 years of 15.20%. This is in line with the industry average of 13.47%.
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

  • TSCO's Profit Margin of 7.06% is amongst the best of the industry. TSCO outperforms 84.80% of its industry peers.
  • TSCO's Profit Margin has been stable in the last couple of years.
  • TSCO's Operating Margin of 9.45% is amongst the best of the industry. TSCO outperforms 83.20% of its industry peers.
  • TSCO's Operating Margin has been stable in the last couple of years.
  • TSCO has a Gross Margin of 36.42%. This is comparable to the rest of the industry: TSCO outperforms 51.20% of its industry peers.
  • 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) just above the Cost of Capital (WACC), TSCO is creating some value.
  • TSCO has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, TSCO has less shares outstanding
  • 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

  • An Altman-Z score of 4.65 indicates that TSCO is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.65, TSCO belongs to the top of the industry, outperforming 88.00% of the companies in the same industry.
  • TSCO has a debt to FCF ratio of 2.43. This is a good value and a sign of high solvency as TSCO would need 2.43 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.43, TSCO is in the better half of the industry, outperforming 75.20% of the companies in the same industry.
  • A Debt/Equity ratio of 0.70 indicates that TSCO is somewhat dependend on debt financing.
  • TSCO has a Debt to Equity ratio of 0.70. This is comparable to the rest of the industry: TSCO outperforms 48.80% of its industry peers.
  • Although TSCO's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 2.43
Altman-Z 4.65
ROIC/WACC1.6
WACC8.6%
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 has a Current ratio (1.34) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.16 indicates that TSCO may have some problems paying its short term obligations.
  • TSCO has a Quick ratio of 0.16. This is amonst the worse of the industry: TSCO underperforms 88.80% of its industry peers.
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 1.47%.
  • Measured over the past years, TSCO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.54% on average per year.
  • Looking at the last year, TSCO shows a small growth in Revenue. The Revenue has grown by 4.31% in the last year.
  • TSCO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.89% yearly.
EPS 1Y (TTM)1.47%
EPS 3Y2.15%
EPS 5Y8.54%
EPS Q2Q%-2.27%
Revenue 1Y (TTM)4.31%
Revenue growth 3Y3%
Revenue growth 5Y7.89%
Sales Q2Q%3.31%

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 10.30% yearly.
  • The Revenue is expected to grow by 6.16% on average over the next years.
EPS Next Y7.46%
EPS Next 2Y8.87%
EPS Next 3Y9.79%
EPS Next 5Y10.3%
Revenue Next Year4.5%
Revenue Next 2Y5.28%
Revenue Next 3Y5.96%
Revenue Next 5Y6.16%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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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3

4. TSCO Valuation Analysis

4.1 Price/Earnings Ratio

  • TSCO is valuated rather expensively with a Price/Earnings ratio of 22.11.
  • TSCO's Price/Earnings ratio is a bit cheaper when compared to the industry. TSCO is cheaper than 64.80% of the companies in the same industry.
  • TSCO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.23.
  • With a Price/Forward Earnings ratio of 20.58, TSCO is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TSCO is on the same level as its industry peers.
  • TSCO's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.42.
Industry RankSector Rank
PE 22.11
Fwd PE 20.58
TSCO Price Earnings VS Forward Price EarningsTSCO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • TSCO's Enterprise Value to EBITDA ratio is in line with the industry average.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as TSCO.
Industry RankSector Rank
P/FCF 32.53
EV/EBITDA 13.1
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.
  • The decent profitability rating of TSCO may justify a higher PE ratio.
PEG (NY)2.97
PEG (5Y)2.59
EPS Next 2Y8.87%
EPS Next 3Y9.79%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. TSCO Dividend Analysis

5.1 Amount

  • TSCO has a Yearly Dividend Yield of 2.08%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.79, TSCO pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, TSCO has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.08%

5.2 History

  • The dividend of TSCO decreases each year by -9.18%.
  • TSCO has been paying a dividend for at least 10 years, so it has 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 Years14
Div Non Decr Years14
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

  • TSCO pays out 44.49% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP44.49%
EPS Next 2Y8.87%
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

More info and screens

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TSCO Fundamentals: All Metrics, Ratios and Statistics

TRACTOR SUPPLY COMPANY

NASDAQ:TSCO (3/20/2026, 8:25:55 PM)

After market: 46.18 +0.41 (+0.9%)

45.77

-0.41 (-0.89%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners99.45%
Inst Owner Change3.14%
Ins Owners0.3%
Ins Owner Change7.65%
Market Cap24.09B
Revenue(TTM)15.52B
Net Income(TTM)1.10B
Analysts76.84
Price Target58.66 (28.16%)
Short Float %5.85%
Short Ratio4.18
Dividend
Industry RankSector Rank
Dividend Yield 2.08%
Yearly Dividend0.92
Dividend Growth(5Y)-9.18%
DP44.49%
Div Incr Years14
Div Non Decr Years14
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)-0.69%
PT rev (3m)-9.39%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.81%
EPS NY rev (1m)-0.75%
EPS NY rev (3m)-6.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.8%
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)-2.11%
Valuation
Industry RankSector Rank
PE 22.11
Fwd PE 20.58
P/S 1.55
P/FCF 32.53
P/OCF 14.73
P/B 9.33
P/tB 11.04
EV/EBITDA 13.1
EPS(TTM)2.07
EY4.52%
EPS(NY)2.22
Fwd EY4.86%
FCF(TTM)1.41
FCFY3.07%
OCF(TTM)3.11
OCFY6.79%
SpS29.49
BVpS4.9
TBVpS4.15
PEG (NY)2.97
PEG (5Y)2.59
Graham Number15.11
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 4.65
F-Score6
WACC8.6%
ROIC/WACC1.6
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)1.47%
EPS 3Y2.15%
EPS 5Y8.54%
EPS Q2Q%-2.27%
EPS Next Y7.46%
EPS Next 2Y8.87%
EPS Next 3Y9.79%
EPS Next 5Y10.3%
Revenue 1Y (TTM)4.31%
Revenue growth 3Y3%
Revenue growth 5Y7.89%
Sales Q2Q%3.31%
Revenue Next Year4.5%
Revenue Next 2Y5.28%
Revenue Next 3Y5.96%
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 5Y13.45%
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 5 / 10 to TSCO.


Can you provide the valuation status for TRACTOR SUPPLY COMPANY?

ChartMill assigns a valuation rating of 3 / 10 to TRACTOR SUPPLY COMPANY (TSCO). This can be considered as Overvalued.


How profitable is TRACTOR SUPPLY COMPANY (TSCO) stock?

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


Can you provide the financial health for TSCO stock?

The financial health rating of TRACTOR SUPPLY COMPANY (TSCO) is 6 / 10.


What is the expected EPS growth for TRACTOR SUPPLY COMPANY (TSCO) stock?

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