TSCO FY 2025 Earnings Report — Tractor Supply Company Revenue & Financial Results | Market Cap Arena

Tractor Supply CompanyTSCO

FY 2025 Earnings

Reported February 19, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$15.5B	—	$14.9B	—	4.3%
Op. Income	$1.5B	—	$1.5B	—	-0.0%
Gross Margin	33.2%	—	36.3%	—	-3.0pp
Net Margin	7.1%	—	7.4%	—	-0.3pp
EPS (Diluted)	$2.06	—	$2.04	—	1.0%
Free Cash Flow	$740M	—	$637M	—	16.3%

Revenue Flow

Item	Amount
REVENUE	$15.5B
Cost of Revenue	$10.4B
GROSS PROFIT	$5.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.7B
Other Expenses	$0
Operating Expenses	$3.7B
Cost & Expenses	$14.1B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$69M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$302M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$494M
EBIT	$1.5B
EBITDA	$2.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$15.5B
Cost of Revenue	$10.4B
GROSS PROFIT	$5.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.7B
Other Expenses	$0
Operating Expenses	$3.7B
Cost & Expenses	$14.1B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$69M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$302M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$494M
EBIT	$1.5B
EBITDA	$2.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$494M
Stock-Based Compensation	$57M
Deferred Income Tax	$61M
Other Non-Cash Items	-$93M
Change in Working Capital	$20M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$895M
Acquisitions (Net)	-$140M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$256M
NET CASH FROM INVESTING	-$779M
Net Debt Issuance	-$73M
Common Stock Repurchased	-$361M
Common Dividends Paid	-$488M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	-$914M
FREE CASH FLOW	$740M
Net Change in Cash	-$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$194M
Short-Term Investments	$0
Net Receivables	$27M
Inventory	$3.1B
Other Current Assets	$203M
TOTAL CURRENT ASSETS	$3.5B
PP&E (Net)	$7.0B
Goodwill	$347M
Intangible Assets	$52M
Long-Term Investments	$27M
Tax Assets	$0
Other Non-Current Assets	$35M
TOTAL NON-CURRENT ASSETS	$7.4B
TOTAL ASSETS	$10.9B
Account Payables	$1.4B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$653M
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$95M
Other Non-Current Liabilities	$155M
TOTAL NON-CURRENT LIABILITIES	$5.7B
TOTAL LIABILITIES	$8.4B
Common Stock	$7M
Additional Paid-In Capital	$1.4B
Retained Earnings	$7.5B
Treasury Stock	-$6.4B
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$10.9B
Total Debt	$5.9B
Net Debt	$5.7B