Financials Tractor Supply Company

Equities

TSCO

US8923561067

Other Specialty Retailers

Market Closed - Nasdaq Other stock markets 21:00:00 13/02/2026 GMT			5-day change	1st Jan Change
55.03 ^USD	+1.14%		-1.04%	+10.04%

02-11	Tractor Supply Company raises dividend, expands its board of directors with appointment of Sonia Syngal	RE
02-11	Tractor Supply Company Declares Quarterly Cash Dividend, Payable on March 10, 2026	CI

Projected Income Statement: Tractor Supply Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	10,620	12,731	14,205	14,556	14,883	15,524	16,330	17,332
Change	-	19.87%	11.57%	2.47%	2.25%	4.31%	5.19%	6.14%
EBITDA ¹	1,288	1,577	1,778	1,872	1,915	1,961	2,068	2,237
Change	-	22.42%	12.76%	5.28%	2.28%	2.44%	5.43%	8.18%
EBIT ¹	1,071	1,307	1,435	1,479	1,468	1,467	1,538	1,675
Change	-	22.01%	9.81%	3.06%	-0.77%	-0.01%	4.81%	8.91%
Interest Paid ¹	-28.78	-26.61	-30.63	-46.51	-54.59	-69.14	-67.34	-65.91
Earnings before Tax (EBT) ¹	968.1	1,280	1,404	1,432	1,413	1,398	1,470	1,607
Change	-	32.22%	9.7%	2%	-1.36%	-1.04%	5.16%	9.29%
Net income ¹	749	997.1	1,089	1,107	1,101	1,096	1,148	1,254
Change	-	33.13%	9.19%	1.7%	-0.54%	-0.47%	4.73%	9.2%
Announcement Date	28/01/21	27/01/22	26/01/23	01/02/24	30/01/25	29/01/26	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	2,878	2,792	3,602	3,018	3,319	3,024	3,903	3,271	4,006	3,299	4,185	3,412	3,660	3,395	4,247	3,468	3,774	3,467	4,440	3,719	3,898	3,644	4,684	3,892	4,110	3,855	4,945	4,119
Change	-	-2.99%	28.98%	-16.21%	9.99%	-8.89%	29.08%	-16.21%	22.49%	-17.65%	26.84%	-18.47%	7.26%	-7.24%	25.09%	-18.33%	8.8%	-8.12%	28.06%	-16.23%	4.82%	-6.52%	28.54%	-16.9%	5.58%	-6.19%	28.26%	-16.69%
EBITDA ¹	317	290.6	550.7	367	368.5	321.9	608.4	393.6	454	341.7	661.6	431.2	437.5	367.4	670.7	438.1	438.4	369.2	699.9	466.8	425.5	378.5	736.1	492	457.1	402.8	788.2	531.5
Change	-	-8.33%	89.52%	-33.35%	0.39%	-12.63%	88.98%	-35.3%	15.34%	-24.75%	93.64%	-34.83%	1.47%	-16.02%	82.55%	-34.68%	0.06%	-15.78%	89.57%	-33.31%	-8.84%	-11.03%	94.47%	-33.17%	-7.09%	-11.88%	95.7%	-32.56%
EBIT ¹	258.5	230.5	485.9	297.2	293.1	244.3	525	306.4	359.2	244.4	559.3	340.9	334.2	263.1	561.5	324.6	318.3	249.1	577.8	342.7	297.7	250	604.1	359.1	323.2	272.7	648.7	390.5
Change	-	-10.82%	110.76%	-38.83%	-1.4%	-16.64%	114.93%	-41.64%	17.23%	-31.95%	128.82%	-39.05%	-1.96%	-21.28%	113.38%	-42.19%	-1.93%	-21.74%	131.93%	-40.69%	-13.12%	-16.03%	141.63%	-40.56%	-9.99%	-15.64%	137.92%	-39.81%
Charge d'intérêts ¹	-8.086	-7.221	-6.701	-6.146	-6.542	-7.069	-7.097	-6.226	-10.24	-12.68	-12.34	-9.539	-11.95	-11.9	-11.61	-13.88	-17.2	-19.64	-17.98	-14.67	-16.85	-17.58	-17.14	-16.3	-16.94	-17.82	-17.64	-16.8
Earnings before Tax (EBT) ¹	176.4	223.3	479.2	291.1	286.5	237.2	517.9	300.2	349	231.8	547	331.4	322.3	251.2	549.8	310.7	301.1	229.5	559.8	328	280.9	232.6	586.4	343.5	306.5	255	631.1	373.9
Change	-	26.61%	114.58%	-39.26%	-1.57%	-17.21%	118.34%	-42.04%	16.25%	-33.59%	136.02%	-39.42%	-2.74%	-22.05%	118.87%	-43.49%	-3.08%	-23.79%	143.94%	-41.4%	-14.38%	-17.19%	152.13%	-41.43%	-10.76%	-16.8%	147.46%	-40.75%
Net income ¹	135.9	181.4	370	224.4	221.3	187.2	396.5	234.1	270.9	183.1	421.2	255	247.9	198.2	425.2	241.5	236.4	179.4	430	259.3	227.4	181.2	457.7	268.2	239.9	198.6	491.2	291
Change	-	33.45%	104.03%	-39.35%	-1.36%	-15.41%	111.76%	-40.95%	15.69%	-32.41%	130.07%	-39.46%	-2.78%	-20.06%	114.56%	-43.21%	-2.1%	-24.13%	139.75%	-39.71%	-12.29%	-20.31%	152.54%	-41.4%	-10.55%	-17.23%	147.4%	-40.76%
Announcement Date	28/01/21	22/04/21	19/07/21	21/10/21	27/01/22	21/04/22	21/07/22	20/10/22	26/01/23	27/04/23	27/07/23	26/10/23	01/02/24	25/04/24	25/07/24	24/10/24	30/01/25	24/04/25	24/07/25	23/10/25	29/01/26	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Tractor Supply Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-320	145	999	1,367	1,612	1,607	1,691	1,617
Change	-	145.31%	588.97%	36.84%	17.92%	-0.31%	-4.68%	-4.38%
Announcement Date	28/01/21	27/01/22	26/01/23	01/02/24	30/01/25	29/01/26	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Tractor Supply Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	294	628.4	773.4	753.9	784	894.8	752	768.1
Change	-	113.75%	23.06%	-2.52%	4%	14.12%	-6.35%	2.13%
Free Cash Flow (FCF) ¹	1,101	510.3	583.6	580.2	636.8	1,310	944.6	1,061
Change	-	-53.63%	14.37%	-0.59%	9.76%	105.79%	2.22%	12.32%
Announcement Date	28/01/21	27/01/22	26/01/23	01/02/24	30/01/25	29/01/26	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Tractor Supply Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	12.13%	12.39%	12.52%	12.86%	12.86%	12.63%	12.66%	12.91%
EBIT Margin (%)	10.08%	10.26%	10.1%	10.16%	9.86%	9.45%	9.42%	9.66%
EBT Margin (%)	9.12%	10.05%	9.89%	9.84%	9.49%	9.01%	9%	9.27%
Net margin (%)	7.05%	7.83%	7.66%	7.61%	7.4%	7.06%	7.03%	7.23%
FCF margin (%)	10.36%	4.01%	4.11%	3.99%	4.28%	8.44%	5.78%	6.12%
FCF / Net Income (%)	146.94%	51.18%	53.61%	52.4%	57.82%	119.55%	82.29%	84.64%
Profitability
ROA	13.07%	13.46%	13.39%	12.55%	11.6%	11.18%	10.36%	11.36%
ROE	46.19%	50.79%	53.83%	52.82%	49.83%	45.18%	42.06%	41.39%
Financial Health
Leverage (Debt/EBITDA)	-	0.09x	0.56x	0.73x	0.84x	0.82x	0.82x	0.72x
Debt / Free cash flow	-	0.28x	1.71x	2.36x	2.53x	1.23x	1.79x	1.52x
Capital Intensity
CAPEX / Current Assets (%)	2.77%	4.94%	5.44%	5.18%	5.27%	5.76%	4.61%	4.43%
CAPEX / EBITDA (%)	22.82%	39.85%	43.5%	40.27%	40.95%	45.62%	36.37%	34.33%
CAPEX / FCF (%)	26.71%	123.15%	132.51%	129.95%	123.13%	68.28%	79.61%	72.39%
Items per share
Cash flow per share ¹	2.375	1.966	2.42	2.431	2.633	3.084	3.16	3.504
Change	-	-17.22%	23.09%	0.46%	8.3%	17.13%	3.95%	10.89%
Dividend per Share ¹	0.3	0.416	0.736	0.824	0.88	0.92	0.9806	1.042
Change	-	38.67%	76.92%	11.96%	6.8%	4.55%	6.17%	6.26%
Book Value Per Share ¹	3.31	3.442	3.642	3.918	4.207	4.868	5.464	6.186
Change	-	4%	5.81%	7.56%	7.38%	15.71%	10.27%	13.23%
EPS ¹	1.276	1.722	1.942	2.018	2.04	2.06	2.187	2.413
Change	-	34.95%	12.78%	3.91%	1.09%	0.98%	4.35%	10.34%
Nbr of stocks (in thousands)	582,487	569,075	552,316	540,571	534,195	528,404	528,404	528,404
Announcement Date	28/01/21	27/01/22	26/01/23	01/02/24	30/01/25	29/01/26	-	-