Valuation, from the filing
| Public float | $22.00B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-28 |
|---|---|---|
| Float per share | $41.80 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 20.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 1.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 8.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-28, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-27 — the year that filing covered.
Valuation over time
20.1× earnings today, against a median of 17.2× across 9 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-28 | $22.00B | 20.1× | |
| 2024-06-29 | $23.70B | 21.5× | |
| 2023-07-01 | $19.80B | 17.9× | |
| 2022-06-25 | $18.60B | 17.1× | |
| 2021-06-26 | $17.20B | 17.2× | |
| 2020-06-27 | $12.60B | 16.8× | |
| 2019-06-29 | $10.80B | 19.2× | |
| 2018-06-30 | $8.30B | 15.6× | |
| 2017-07-01 | $6.20B | 14.7× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Retail-Building Materials, Hardware, Garden Supply filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Gross margin | 36.4% | 25th | |
| Revenue YoY growth | 4.3% | 75th | |
| Current ratio | 1.34x | 50th |
TRACTOR SUPPLY CO /DE/ (TSCO) reported revenue of $15.75B and net income of $1.88B for the fiscal year ended 2026-06-27. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from TRACTOR SUPPLY CO /DE/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Retail-Building Materials, Hardware, Garden Supply.
Income
| Metric | 2026-06-27 |
|---|---|
| Revenue | $15.75B |
| Cost of revenue | $10.01B |
| Gross profit | $5.74B |
| Operating income | $1.34B |
| Net income | $1.88B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $1.27B |
| Income tax expense | $261.34M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $3.83B |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-27 |
|---|---|
| Cash & equivalents | $231.59M |
| Total assets | $12.16B |
| Current assets | $4.25B |
| Total liabilities | $9.53B |
| Current liabilities | $3.19B |
| Total equity incl. NCI | $2.63B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $3.52B |
| Accounts receivable | Unavailable |
| Goodwill | $425.42M |
| Long-term debt | $2.15B |
| Accounts payable | $1.76B |
Cash flow
| Metric | 2026-06-27 |
|---|---|
| Operating cash flow | $1.29B |
| Capital expenditures | $978.84M |
| Investing cash flow | -$825.52M |
| Financing cash flow | -$454.52M |
| Net change in cash | Unavailable |
| Stock-based compensation | $64.24M |
| Common dividends paid | $495.31M |
| Common share repurchases | $444.89M |
| Depreciation & amortization | $509.28M |
Derived
| Metric | 2026-06-27 |
|---|---|
| Free cash flow | $306.98M |
| Gross margin | 36.5% |
| Operating margin | 8.5% |
| FCF margin | 1.9% |
| SBC / revenue | 0.4% |
| Current ratio | 1.33x |
| Revenue YoY growth | 4.0% |
| Net margin | 11.9% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 6.2% |
| Long-term debt / equity | 0.82x |
| Effective tax rate | 20.5% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open TSCO in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.