financial statements

The full income statement, balance sheet, and cash-flow statement for Tractor Supply Company (TSCO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 27 ’25	as ofDec 28 ’24	as ofDec 30 ’23	as ofDec 31 ’22	as ofDec 25 ’21
Revenue	15.5B YoY+4.3%	14.9B YoY+2.2%	14.6B YoY+2.5%	14.2B YoY+11.6%	12.7B YoY+19.9%
	5.65B YoY+4.8%	5.40B YoY+3.2%	5.23B YoY+5.1%	4.97B YoY+11.1%	4.48B YoY+19.0%
Cost of revenue	9.87B YoY+4.0%	9.49B YoY+1.7%	9.33B YoY+1.0%	9.23B YoY+11.9%	8.25B YoY+20.3%
Selling, general & administrative	3.69B YoY+6.1%	3.48B YoY+3.7%	3.36B YoY+5.1%	3.19B YoY+10.1%	2.90B YoY+17.0%
Operating income	1.47B YoY-0.0%	1.47B YoY-0.8%	1.48B YoY+3.1%	1.43B YoY+9.8%	1.31B YoY+31.1%
Interest expense	69.1M YoY+26.7%	54.6M YoY+17.4%	46.5M YoY+51.8%	30.6M YoY+15.1%	26.6M YoY-7.5%
Pre-tax income	1.40B YoY-1.0%	1.41B YoY-1.4%	1.43B YoY+2.0%	1.40B YoY+9.7%	1.28B YoY+32.2%
Income tax	302M YoY-3.1%	312M YoY-4.1%	325M YoY+3.0%	316M YoY+11.5%	283M YoY+29.1%
Net income	1.10B YoY-0.5%	1.10B YoY-0.5%	1.11B YoY+1.7%	1.09B YoY+9.2%	997M YoY+33.1%
	$2.06 YoY+1.0%	$2.04 YoY+1.0%	$2.02 YoY+4.1%	$1.94 YoY-77.5%	$8.61 YoY+35.0%
EPS (basic)	$2.07 YoY+1.0%	$2.05 YoY+1.0%	$2.03 YoY+3.6%	$1.96 YoY-77.4%	$8.69 YoY+34.9%
Weighted-avg shares (basic)	530M YoY-1.3%	537M YoY-1.6%	545M YoY-2.0%	557M YoY+384.9%	115M YoY-1.4%
Weighted-avg shares (diluted)	532M YoY-1.4%	540M YoY-1.7%	549M YoY-2.1%	561M YoY+384.1%	116M YoY-1.4%
Dividends per share	$0.92 YoY+4.5%	$0.88 YoY+7.3%	$0.82 YoY+10.8%	$0.74 YoY-64.4%	$2.08 YoY+38.7%
Balance Sheet	as ofDec 27 ’25	as ofDec 28 ’24	as ofDec 30 ’23	as ofDec 31 ’22	as ofDec 25 ’21
	3.51B YoY+6.0%	3.31B YoY+1.4%	3.26B YoY+3.4%	3.16B YoY-2.9%	3.25B YoY-0.3%
Cash & equivalents	194M YoY-22.8%	251M YoY-36.7%	397M YoY+96.1%	203M YoY-76.9%	878M YoY-34.6%
Short-term investments	15.9M YoY+0.0%	15.9M YoY+0.0%	15.9M YoY+0.0%	15.9M YoY+0.0%	15.9M YoY+0.0%
Inventory	3.08B YoY+8.6%	2.84B YoY+7.3%	2.65B YoY-2.4%	2.71B YoY+23.7%	2.19B YoY+22.9%
Prepaid expenses	203M YoY+3.0%	197M YoY-10.0%	219M YoY-11.0%	246M YoY+49.7%	164M YoY+22.8%
	10.9B YoY+11.5%	9.81B YoY+6.7%	9.19B YoY+8.2%	8.49B YoY+9.3%	7.77B YoY+10.2%
Property, plant & equipment	3.03B YoY+11.0%	2.73B YoY+11.9%	2.44B YoY+17.0%	2.08B YoY+28.8%	1.62B YoY+29.5%
Operating lease right-of-use	3.94B YoY+15.3%	3.42B YoY+8.7%	3.14B YoY+6.4%	2.95B YoY+6.0%	2.79B YoY+14.9%
Goodwill	347M YoY+40.7%	246M YoY+0.0%	246M YoY+7.1%	230M YoY+610.0%	32.4M YoY+216.0%
Intangible assets	52.0M YoY+125.1%	23.1M YoY+0.0%	23.1M YoY+0.0%	23.1M YoY+0.0%	23.1M
Deferred tax assets	0.00	0.00	0.00	0.00	0.00
Other non-current assets	62.2M YoY-25.3%	83.2M YoY+10.1%	75.5M YoY+81.9%	41.5M YoY-25.0%	55.4M YoY+81.8%
	2.61B YoY+12.7%	2.32B YoY+6.5%	2.18B YoY-8.4%	2.38B YoY+15.1%	2.06B YoY+18.4%
Accounts payable	1.39B YoY+12.5%	1.24B YoY+4.8%	1.18B YoY-15.6%	1.40B YoY+21.0%	1.16B YoY+18.4%
Accrued liabilities	653M YoY+12.3%	582M YoY+9.2%	533M YoY+6.9%	499M YoY+5.1%	474M YoY+46.1%
Current lease liability	450M YoY+13.3%	397M YoY+7.4%	369M YoY+6.7%	346M YoY+7.8%	321M YoY+7.6%
	8.35B YoY+10.8%	7.54B YoY+7.1%	7.04B YoY+9.2%	6.45B YoY+11.8%	5.76B YoY+12.5%
Long-term debt	1.76B YoY-3.7%	1.83B YoY+6.0%	1.73B YoY+48.5%	1.16B YoY+18.0%	986M YoY+0.2%
Non-current lease liability	3.69B YoY+16.7%	3.16B YoY+9.0%	2.90B YoY+6.6%	2.72B YoY+5.7%	2.57B YoY+15.9%
Deferred tax liabilities	95.0M YoY+114.4%	44.3M YoY-26.2%	60.0M YoY+95.1%	30.8M	0.00
Other non-current liabilities	155M YoY+5.4%	147M YoY+6.8%	138M YoY+15.1%	120M YoY+13.4%	106M YoY-26.1%
	2.58B YoY+13.7%	2.27B YoY+5.6%	2.15B YoY+5.3%	2.04B YoY+2.0%	2.00B YoY+4.1%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	7.13M YoY+0.2%	7.12M YoY+0.3%	7.09M YoY+401.3%	1.42M YoY+0.3%	1.41M YoY+0.7%
Additional paid-in capital	1.44B YoY+4.7%	1.38B YoY+4.9%	1.31B YoY+4.1%	1.26B YoY+4.2%	1.21B YoY+10.5%
Retained earnings	7.52B YoY+8.8%	6.91B YoY+10.0%	6.28B YoY+11.7%	5.62B YoY+13.7%	4.95B YoY+18.1%
Treasury stock	6.39B YoY+6.0%	6.03B YoY+10.4%	5.46B YoY+12.4%	4.86B YoY+16.8%	4.16B YoY+23.8%
Accumulated other comprehensive income	0.00 YoY-100.0%	1.22M YoY-82.1%	6.79M YoY-39.8%	11.3M YoY+738.3%	1.34M YoY+141.5%
Total liabilities & equity	10.9B YoY+11.5%	9.81B YoY+6.7%	9.19B YoY+8.2%	8.49B YoY+9.3%	7.77B YoY+10.2%
Common shares issued	891M YoY+0.2%	890M YoY+0.3%	887M YoY+401.3%	177M YoY+0.3%	176M YoY+0.7%
Common shares outstanding	527M YoY-1.0%	532M YoY-1.4%	540M YoY+389.7%	110M YoY-2.5%	113M YoY-2.7%
Shares outstanding (cover)	528M YoY+394.6%	107M YoY-1.2%	108M YoY-2.1%	110M YoY-2.9%	114M YoY-2.3%
Cash Flow	as ofDec 27 ’25	as ofDec 28 ’24	as ofDec 30 ’23	as ofDec 31 ’22	as ofDec 25 ’21
	1.64B YoY+15.1%	1.42B YoY+6.5%	1.33B YoY-1.7%	1.36B YoY+19.2%	1.14B YoY-18.3%
Depreciation & amortization	494M YoY+10.5%	447M YoY+13.8%	393M YoY+14.6%	343M YoY+27.0%	270M YoY+24.4%
Share-based compensation	57.1M YoY+18.0%	48.4M YoY-15.2%	57.0M YoY+5.9%	53.8M YoY+13.0%	47.6M YoY+27.8%
Deferred income taxes	61.3M YoY+371.1%	-22.6M YoY-466.2%	6.17M YoY-88.1%	51.7M YoY+77.3%	29.1M YoY+191.8%
Change in inventory	226M YoY+16.1%	194M YoY+575.4%	-40.9M YoY-111.7%	350M YoY-14.3%	408M YoY+126.0%
Change in payables	143M YoY+154.4%	56.4M YoY+125.8%	-219M YoY-234.8%	162M YoY-9.6%	180M YoY-46.1%
	-779M YoY-20.9%	-644M YoY+1.4%	-653M YoY+40.3%	-1.09B YoY-74.3%	-627M YoY-114.7%
Capital expenditure	895M YoY+14.1%	784M YoY+4.0%	754M YoY-2.5%	773M YoY+23.1%	628M YoY+113.8%
Acquisitions	140M	0.00	0.00 YoY-100.0%	391M	0.00
Proceeds from sale of PP&E	256M YoY+82.8%	140M YoY+62.0%	86.5M YoY+8185.8%	1.04M YoY-4.3%	1.09M YoY-39.1%
	-914M YoY+0.9%	-922M YoY-89.7%	-486M YoY+48.2%	-939M YoY+3.7%	-975M YoY-728.2%
Common stock repurchased	361M YoY-35.6%	561M YoY-5.7%	594M YoY-15.1%	700M YoY-12.4%	799M YoY+132.9%
Dividends paid	488M YoY+3.2%	472M YoY+5.1%	450M YoY+9.8%	410M YoY+71.4%	239M YoY+36.8%
Net change in cash	-57.4M YoY+60.6%	-146M YoY-174.8%	195M YoY+128.8%	-676M YoY-45.7%	-464M YoY-136.9%
Interest paid	69.8M YoY+5.9%	65.9M YoY+17.0%	56.3M YoY+111.4%	26.6M YoY+12.9%	23.6M YoY-3.8%
Income taxes paid	—	351M YoY+8.1%	325M YoY+36.0%	239M YoY-18.0%	292M YoY+23.9%
Valuation Ratios	as ofDec 27 ’25	as ofDec 28 ’24	as ofDec 30 ’23	as ofDec 31 ’22	as ofDec 25 ’21
Market cap	27.2B YoY+365.8%	5.83B YoY+25.4%	4.65B YoY-6.5%	4.97B YoY-4.3%	5.20B YoY+51.8%
P/E	24.6× YoY+366.0%	5.3× YoY+27.7%	4.1× YoY-13.9%	4.8× YoY-16.1%	5.7× YoY+26.7%
P/S	1.8× YoY+343.8%	0.4× YoY+26.9%	0.3× YoY-15.0%	0.4× YoY+41.8%	0.3× YoY-24.4%
P/B	10.6× YoY+311.6%	2.6× YoY+16.0%	2.2× YoY-13.9%	2.6× YoY-0.4%	2.6× YoY+41.6%
P/FCF	28.6× YoY+159.7%	11.0× YoY+92.9%	5.7× YoY-77.6%	25.5× YoY+264.3%	7.0× YoY+138.7%
Earnings yield	4.1% YoY-78.5%	18.9% YoY-21.7%	24.2% YoY+16.1%	20.8% YoY+19.1%	17.5% YoY-21.1%
FCF yield	3.5% YoY-61.5%	9.1% YoY-48.1%	17.5% YoY+346.4%	3.9% YoY-72.6%	14.3% YoY-58.1%
Dividend yield	1.8% YoY+11.0%	1.6% YoY-15.4%	1.9% YoY+15.9%	1.6% YoY-63.9%	4.6% YoY-10.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: TSCO's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TSCO filings on SEC EDGAR → Not investment advice.

TSCO▼ financial statements

About this data

financial statements