# Tractor Supply Company (TSCO) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Consumer Cyclical / Specialty Retail. Price $34.99, market value $18.2 billion.

## Valuation
- **P/E (trailing): 18.2×** (5-yr avg 23.4×, 3-yr avg 23.6×). Tractor Supply Company trades at 18.2× trailing earnings, well below its own five-year average of 23.4×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 17.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 17.40**. A PEG of 17.40 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 1.2×**. Each dollar of revenue is priced at 1.2×.
- **Price / book: 7.0×**. The shares trade at 7.0× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 1.7%** (5-yr avg 2.4%). Free cash flow equals 1.7% of the market value, below its five-year average of 2.4%, so the shares are pricier on cash than usual.
- **Earnings yield: 5.5%**. The inverse of the P/E: 5.5% of the price is earned each year.

## Profitability
- **Gross margin: 36.5%**. Tractor Supply Company keeps 36.5% of revenue after the direct cost of what it sells.
- **Operating margin: 8.5%**. 8.5% of revenue is left after running the business.
- **Net margin: 7.1%**. 7.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 42.5%**. 42.5% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 25.5%**. Return on all capital, debt included, is 25.5%: comfortably above what that capital costs.
- **Return on assets: 9.3%**. Each dollar of assets produces 9.3% of profit.

## Growth
- **Revenue growth (1 yr): 4.3%** (3-yr 3.0%/yr, 5-yr 7.9%/yr). Revenue grew 4.3% over the last year, against 7.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 1.0%** (3-yr 2.0%/yr, 5-yr 10.1%/yr). Earnings per share rose 1.0%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 8.3%/yr**. Free cash flow has compounded at 8.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.68**. Debt is 0.68 times equity, moderate leverage.
- **Altman Z-score: 3.50**. A Z-score of 3.50 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.74%** ($0.94 per share, trailing). Tractor Supply Company yields 2.74%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 44%**. 44% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 16**. 16 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 25.1%/yr** (1-yr 4.5%). The dividend has compounded at 25.1% a year over five years, doubling roughly every 3 years at that pace.

## Analyst view
- **Analyst consensus: buy** (27 analysts). 27 analysts cover Tractor Supply Company; the consensus is buy, with an average price target of $35.63 (+2% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -41.3%** (YTD -29.2%, 3-mo 17.5%). The shares are down 41.3% over twelve months including dividends.
- **From 52-week high: -42.5%** (23.4% above the low). Trading 43% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 57**. An RSI of 57 is neutral.
- **Beta (1 yr): 0.38** (volatility 32%). Beta of 0.38 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TSCO · Page: https://foliofundamentals.com/stocks/tsco

Not investment advice.