Tractor Supply Co (TSCO)
Consumer Discretionary · Other Specialty Retail · US stock · S&P 500 component
$33.16
▼ -0.21 (0.63%)
Fair valueUndervalued
$59 +78.5% to fair value
$30fair band $41–$77$89
Day's range
$33.14 – $34.13
52-week range
$28.17 – $56.84
Red flags⚠ Dividend may be at risk
About Tractor Supply Co
Tractor Supply is a retailer built around the rural lifestyle. Its stores stock pet food and supplies, animal feed and farm and ranch equipment, along with tools, fencing, work clothing, and seasonal and home products. Customers are mainly homeowners with land, hobby farmers, ranchers and pet owners, and they shop in its stores, online and through delivery services. The company also owns the Petsense pet-supply store brand.
Revenue comes from merchandise purchased by customers in its stores and online. Sales reached $15.8 billion over the last twelve months, rising 3.0% a year over the last three years. The operating margin is 8.5%, and the business earns a profit of 23% on the capital invested in it. Net debt is 1.0 times EBITDA. It pays a dividend with a yield of 2.9%. On the site's X-Ray Score it receives 50 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $28.17 – $56.84Volume 11,717,000Daily, split-adjusted
Vitals
Market cap$17.4B
52-week range$28.17 – $56.84
Volume (last day)11,717,000
P/E (TTM)9.3
EBIT / EV yield6.9%
Free-cash-flow yield1.8%
Dividend yield2.9%
Revenue (TTM)$15.8B
Net income (TTM)$1.9B
Operating margin8.5%
Return on capital23.4%
Debt incl. leases$2.2B
Cash & securities$232M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$59model spread $56 – $62
Undervalued
+78.5% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $33
Undervalued < $41Fair $41 – $77Overvalued > $77
10-year DCF (market-scaled)
$52
Peer multiples
$40
Earnings power floor (not blended)
$22
Fundamentals-adjusted multiple
$85
Growth the price implies
9.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, but the price is low
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Valuation
Fair
54/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield6.9%
Free-cash-flow yield1.8%
Fair value vs price1.8×
Growth
Weak
46/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)3.0%
EPS growth (3y)2.0%
Growth consistency100%
Profitability
Weak
42/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital23.4%
Operating margin8.5%
Gross profitability47.2%
Financial health
Fair
57/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA1.0×
Interest cover19.8×
Dividends
Fair
50/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.9%
Dividends vs free cash flow162%
Dividend growth6.0%
Quarterly results: last 6 quarters
+2.1%
Mar '25
+4.5%
Jun '25
+7.2%
Sep '25
+3.3%
Dec '25
+3.6%
Mar '26
+2.3%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.5B, diluted EPS $0.69.
Fundamentals checklist
● 4 Good · ● 8 Average · ● 4 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyGood
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginBad
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 44/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $12.7B | $14.2B | $14.6B | $14.9B | $15.5B |
| Operating income | $1.3B | $1.4B | $1.5B | $1.5B | $1.5B |
| Net income | $997M | $1.1B | $1.1B | $1.1B | $1.1B |
| Operating cash flow | $1.1B | $1.4B | $1.3B | $1.4B | $1.6B |
| Operating margin | 10.3% | 10.1% | 10.2% | 9.9% | 9.5% |
| Free cash flow | $510M | $584M | $580M | $637M | $740M |
| Diluted EPS | $8.61 | $1.94 | $2.02 | $2.04 | $2.06 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
8 bullish · 3 neutral · 5 bearish
Weekly
Bearish
3 bullish · 1 neutral · 8 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 32.98 | Bullish |
| EMA 10 | 32.99 | Bullish |
| SMA 20 | 32.43 | Bullish |
| EMA 20 | 32.87 | Bullish |
| SMA 50 | 33.68 | Bearish |
| EMA 50 | 32.97 | Bullish |
| SMA 100 | 32.12 | Bullish |
| EMA 100 | 33.99 | Bearish |
| SMA 200 | 38.53 | Bearish |
| EMA 200 | 37.69 | Bearish |
Oscillators (daily)
| RSI (14) | 52.08 | Neutral |
| MACD (12, 26) | 0.04 | Bullish |
| Momentum (12) | 5.98 | Bullish |
| Stochastic %K (14) | 73.06 | Neutral |
| Williams %R (14) | -26.94 | Neutral |
| CCI (20) | 102.5 | Bearish |
Pivot points (classic, last session)
S3 31.83 | S2 32.49 | S1 32.82 | Pivot 33.48 | R1 33.81 | R2 34.47 | R3 34.80 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.95 USD
Yield on today's price
2.86%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 24 Aug 2026 | 0.2400 |
| 27 May 2026 | 0.2400 |
| 24 Feb 2026 | 0.2400 |
| 24 Nov 2025 | 0.2300 |
| 25 Aug 2025 | 0.2300 |
| 28 May 2025 | 0.2300 |
| 26 Feb 2025 | 0.2300 |
| 25 Nov 2024 | 1.1000 |
| 26 Aug 2024 | 1.1000 |
| 24 May 2024 | 1.1000 |
| 23 Feb 2024 | 1.1000 |
| 24 Nov 2023 | 1.0300 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
TSCO SEC filings
25 Aug 2026
8-KSEC EDGAR
Entered a material agreement
19 Aug 2026
424B5SEC EDGAR
424B5
7 Aug 2026
8-KSEC EDGAR
Director or officer change
6 Aug 2026
10-QSEC EDGAR
Quarterly report
6 Aug 2026
8-KSEC EDGAR
Other events
23 Jul 2026
8-KSEC EDGAR
Results of operations
28 May 2026
8-KSEC EDGAR
Other events
21 May 2026
8-KSEC EDGAR
Entered a material agreement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.