Tractor Supply Co.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.52B | $14.88B | $14.56B | $14.20B | $12.73B | $10.62B | $8.35B | $7.91B |
| Net Sales | — | — | $14.56B | $14.20B | $12.73B | $10.62B | $8.35B | $7.91B |
| Cost of Revenue | $9.87B | $9.49B | $9.33B | $9.23B | $8.25B | $6.86B | $5.48B | $5.21B |
| Gross Profit | $5.65B | $5.40B | $5.23B | $4.97B | $4.48B | $3.76B | $2.87B | $2.70B |
| Gross Margin | 36.4% | 36.3% | 35.9% | 35.0% | 35.2% | 35.4% | 34.4% | 34.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $3.69B | $3.48B | $3.36B | $3.19B | $2.90B | $2.48B | $1.93B | $1.82B |
| Operating Income | $1.47B | $1.47B | $1.48B | $1.43B | $1.31B | $996.9M | $743.2M | $701.7M |
| Operating Margin | 9.5% | 9.9% | 10.2% | 10.1% | 10.3% | 9.4% | 8.9% | 8.9% |
| Interest Expense | $69.1M | $54.6M | $46.5M | $30.6M | $26.6M | $28.8M | $19.8M | $18.4M |
| Pretax Income | $1.40B | $1.41B | $1.43B | $1.40B | $1.28B | $968.1M | $723.4M | $683.4M |
| Income Tax Expense | $302.2M | $311.7M | $325.2M | $315.6M | $283.0M | $219.2M | $161.0M | $151.0M |
| Net Income | $1.10B | $1.10B | $1.11B | $1.09B | $997.1M | $749.0M | $562.4M | $532.4M |
| Net Margin | 7.1% | 7.4% | 7.6% | 7.7% | 7.8% | 7.1% | 6.7% | 6.7% |
| EPS (Basic) | $2.07 | $2.05 | $2.03 | $1.96 | $1.74 | $1.29 | $0.94 | $0.87 |
| EPS (Diluted) | $2.06 | $2.04 | $2.02 | $1.94 | $1.72 | $1.28 | $0.93 | $0.86 |
| Shares Outstanding (Basic) | 530.0M | 536.9M | 545.5M | 556.7M | 574.0M | 581.9M | 598.6M | 613.3M |
| Shares Outstanding (Diluted) | 532.2M | 539.7M | 548.7M | 560.7M | 579.1M | 587.2M | 603.7M | 617.4M |
| Dividends Per Share | $0.92 | $0.88 | $0.82 | $0.74 | $0.42 | $0.30 | $0.27 | $0.24 |