TRACTOR SUPPLY COMPANY (TSCO) Fundamental Analysis & Valuation

NASDAQ:TSCO • US8923561067

50.16 USD
-0.35 (-0.69%)
At close: Mar 6, 2026
50.16 USD
0 (0%)
After Hours: 3/6/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

5

Overall TSCO gets a fundamental rating of 5 out of 10. We evaluated TSCO against 124 industry peers in the Specialty Retail industry. While TSCO belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. TSCO is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. TSCO Profitability Analysis

1.1 Basic Checks

  • In the past year TSCO was profitable.
  • In the past year TSCO had a positive cash flow from operations.
  • In the past 5 years TSCO has always been profitable.
  • Each year in the past 5 years TSCO had a positive operating cash flow.
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

  • TSCO has a better Return On Assets (10.02%) than 85.37% of its industry peers.
  • The Return On Equity of TSCO (42.46%) is better than 93.50% of its industry peers.
  • TSCO has a Return On Invested Capital of 13.79%. This is amongst the best in the industry. TSCO outperforms 84.55% 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 13.62%.
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 84.55% of its industry peers.
  • TSCO's Profit Margin has been stable in the last couple of years.
  • The Operating Margin of TSCO (9.45%) is better than 82.11% of its industry peers.
  • In the last couple of years the Operating Margin of TSCO has remained more or less at the same level.
  • TSCO has a Gross Margin (36.42%) which is comparable to the rest of the 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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TSCO is still 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 4.84 indicates that TSCO is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of TSCO (4.84) 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.
  • TSCO's Debt to FCF ratio of 2.43 is fine compared to the rest of the industry. TSCO outperforms 74.80% of its industry peers.
  • TSCO has a Debt/Equity ratio of 0.70. This is a neutral value indicating 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 48.78% 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 4.84
ROIC/WACC1.44
WACC9.59%
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.
  • 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.
  • TSCO has a Quick ratio of 0.16. This is amonst the worse of the industry: TSCO underperforms 89.43% 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

  • The Earnings Per Share has been growing slightly by 1.47% over the past year.
  • TSCO shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.54% yearly.
  • The Revenue has been growing slightly by 4.31% in the past year.
  • The Revenue has been growing slightly by 7.89% on average over the past years.
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 10.35% yearly.
  • The Revenue is expected to grow by 6.16% on average over the next years.
EPS Next Y8.27%
EPS Next 2Y9.15%
EPS Next 3Y9.85%
EPS Next 5Y10.35%
Revenue Next Year4.5%
Revenue Next 2Y5.31%
Revenue Next 3Y5.93%
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 24.23.
  • Based on the Price/Earnings ratio, TSCO is valued a bit cheaper than the industry average as 68.29% of the companies are valued more expensively.
  • TSCO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.29.
  • With a Price/Forward Earnings ratio of 22.38, TSCO is valued on the expensive side.
  • TSCO's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, TSCO is valued at the same level.
Industry RankSector Rank
PE 24.23
Fwd PE 22.38
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TSCO is on the same level as its industry peers.
  • TSCO's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 35.79
EV/EBITDA 14.43
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 TSCO does not grow enough to justify the current Price/Earnings ratio.
  • TSCO has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.93
PEG (5Y)2.84
EPS Next 2Y9.15%
EPS Next 3Y9.85%

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 1.90%.
  • Compared to an average industry Dividend Yield of 2.23, TSCO pays a bit more dividend than its industry peers.
  • TSCO's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.9%

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 their dividend for at least 10 years, which is a reliable track record.
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 2Y9.15%
EPS Next 3Y9.85%
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 (3/6/2026, 8:00:02 PM)

After market: 50.16 0 (0%)

50.16

-0.35 (-0.69%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners99.45%
Inst Owner Change3.13%
Ins Owners0.3%
Ins Owner Change7.08%
Market Cap26.40B
Revenue(TTM)15.52B
Net Income(TTM)1.10B
Analysts76.84
Price Target58.66 (16.95%)
Short Float %6.65%
Short Ratio4.98
Dividend
Industry RankSector Rank
Dividend Yield 1.9%
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)-8.1%
PT rev (3m)-9.07%
EPS NQ rev (1m)-7.39%
EPS NQ rev (3m)-7.67%
EPS NY rev (1m)-5.61%
EPS NY rev (3m)-5.92%
Revenue NQ rev (1m)-1.72%
Revenue NQ rev (3m)-1.8%
Revenue NY rev (1m)-1.71%
Revenue NY rev (3m)-2.11%
Valuation
Industry RankSector Rank
PE 24.23
Fwd PE 22.38
P/S 1.71
P/FCF 35.79
P/OCF 16.21
P/B 10.27
P/tB 12.14
EV/EBITDA 14.43
EPS(TTM)2.07
EY4.13%
EPS(NY)2.24
Fwd EY4.47%
FCF(TTM)1.4
FCFY2.79%
OCF(TTM)3.09
OCFY6.17%
SpS29.38
BVpS4.89
TBVpS4.13
PEG (NY)2.93
PEG (5Y)2.84
Graham Number15.08
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 4.84
F-Score6
WACC9.59%
ROIC/WACC1.44
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 Y8.27%
EPS Next 2Y9.15%
EPS Next 3Y9.85%
EPS Next 5Y10.35%
Revenue 1Y (TTM)4.31%
Revenue growth 3Y3%
Revenue growth 5Y7.89%
Sales Q2Q%3.31%
Revenue Next Year4.5%
Revenue Next 2Y5.31%
Revenue Next 3Y5.93%
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 1Y16.28%
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 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 8.27% in the next year.