TSCO · NasdaqGS
Specialty Retail · United States
Snapshot 2026-11-11 · Latest financial period 2026-09-26 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2027-01-28 (provider estimate; issuer confirmation unavailable here).
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company provides various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; companion animal products, such as food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise. It offers its products under the 4health, Paws & Claws, American Farmworks, Producer's Pride, Bit & Bridle, Red Shed, Blue Mountain, Redstone, C.E. Schmidt, Retriever, Country Lane, Ridgecut, Countyline, Royal Wing, Country Tuff, Strive, Dumor, Traveller, Farm Table, Treeline, Groundwork, TSC Tractor Supply Co, Huskee, Untamed, JobSmart, and Impeckable brand names. The company operates its retail stores under the Tractor Supply Company, Petsense by Tractor Supply, and Orscheln Farm and Home names; and operates websites under the TractorSupply.com and Petsense.com names. It sells its products to recreational farmers, ranchers, and others. Tractor Supply Company was founded in 1938 and is based in Brentwood, Tennessee.
Company websiteQ3 2026
Published 2026-10-24
Q3 2026 REPORT HIGHLIGHTS
HOLD · 3/5. Tractor Supply sales improved, but nine-month cash after gross investment fell short of dividends and buybacks; our $32 anchor is near the $33.42 quote.
Revenue rose 5.1%, but operating income fell to $307.7M and EPS to $0.43.
Ticket rose 0.7% while transactions fell 0.3%; total comps were +0.4%.
Nine-month conventional FCF was $231.0M against $719.7M of returns.
Property proceeds were $160.1M and net borrowing $470M; neither is recurring merchandise cash.
Adjusted EPS $1.90–$2.00 differs from GAAP $1.78–$1.88 because of Q2 charges.
Comparable businesses
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.
| Metric | TSCOTractor Supply CompanySnapshot 2026-11-11Financial period: 2026-09-26 |
|---|---|
| Market capMarket value, converted to USD | US$19.05B |
| Forward P/EProvider forward earnings estimate | 17.82x |
| EV / EBITDAEnterprise value / trailing EBITDA | 13.63x |
| Revenue growthLatest quarter vs prior-year quarter | 5.1% |
| Operating marginLatest reported quarter | 8.7% |
| Free cash flow yieldTrailing cash flow / market cap | 0.7% |
| Net debt / EBITDANet debt / trailing EBITDA | 3.42x |
| Debt / equityTotal debt / positive book equity | 2.53x |
| Trailing P/ETrailing twelve-month earnings | 19.75x |
| Price / bookPrice / positive book equity per share | 7.17x |
| EV / salesEnterprise value / trailing revenue | 1.63x |
| Earnings growthLatest quarter vs prior-year quarter | -12.1% |
| Gross marginTrailing twelve months | 36.3% |
| Net marginTrailing twelve months | 6.1% |
| Return on equityProvider trailing return; positive equity only | 37.3% |
| Free cash flow marginTrailing free cash flow / revenue | 0.8% |
| Dividend yieldIndicated annual dividend / price | 2.6% |
| Earnings payoutProvider trailing dividend payout | 51.1% |
| Current ratioCurrent assets / current liabilities | 1.38x |
| BetaProvider historical market sensitivity | 0.48 |
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Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
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Market context
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Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-11-11. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
FREE RESEARCH PACKET · Q3 2026
HOLD · 3/5. Tractor Supply sales improved, but nine-month cash after gross investment fell short of dividends and buybacks; our $32 anchor is near the $33.42 quote.
Research published October 23, 2026 · Download original report
Read Research PacketPresentation · 2026-10-24 · YouTube
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