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Tractor Supply Co /DE/ (TSCO) Fundamental Analysis & AI Grade 2026

TSCO Nasdaq Retail-Building Materials, Hardware, Garden Supply DE CIK: 0000916365
Updated This Month • Analysis: May 8, 2026 • SEC Data: 2026-03-28
Combined AI Grade
C
68% Confidence
N/A
C
68% Conf
Pending
Analysis scheduled

📊 TSCO Key Takeaways

Revenue: $3.6B
Net Margin: 4.6%
Free Cash Flow: $-111.5M
Current Ratio: 1.38x
Debt/Equity: 0.85x
EPS: $0.31
AI Grade: C with 68% confidence
Tractor Supply Co /DE/ (TSCO) receives a C fundamental grade with 68% confidence from our AI analysis based on SEC 10-K filings. With revenue of $3.6B, net profit margin of 4.6%, and return on equity (ROE) of 6.5%, Tractor Supply Co /DE/ demonstrates mixed fundamentals in the Consumer sector. Below is our complete TSCO stock analysis for 2026.

Is Tractor Supply Co /DE/ (TSCO) a Good Investment?

Claude

Tractor Supply faces critical operational challenges with negative free cash flow (-$111.5M) despite 4.3% revenue growth, indicating unsustainable cash burn. Declining net income (-0.5% YoY), extremely poor liquidity (quick ratio 0.16x), and weak capital efficiency (ROE 6.5%, ROA 1.4%) reveal deteriorating financial health and operational distress.

Tractor Supply Co /DE/ Key Strengths (TSCO)

Claude
  • + Revenue growth of 4.3% YoY demonstrates market demand in the retail hardware/garden segment
  • + Gross margin of 36.2% is solid for the retail sector and provides adequate cost structure
  • + Interest coverage ratio of 3.4x indicates sufficient debt servicing capacity

TSCO Stock Risks: Tractor Supply Co /DE/ Investment Risks

Claude
  • ! Negative free cash flow of -$111.5M represents unsustainable cash burn relative to revenue base
  • ! Critical quick ratio of 0.16x signals severe liquidity stress and dangerous inventory dependence for working capital
  • ! Net income declining (-0.5% YoY) while revenue grows reveals margin compression and operational deterioration
  • ! High leverage with $2.1B debt on $2.5B equity (84% debt-to-equity ratio) amplifies financial risk
  • ! Abysmal capital returns (ROE 6.5%, ROA 1.4%) demonstrate fundamental capital allocation failure

Key Metrics to Watch

Claude
  • * Free cash flow trajectory and whether elevated capex ($202.6M) drives future revenue/profit expansion
  • * Quick ratio improvement and inventory turnover - assess liquidity crisis severity
  • * Net margin recovery and gross profit dollar growth sustainability
  • * Debt reduction progress and leverage ratio trends

Tractor Supply Co /DE/ (TSCO) Financial Metrics & Key Ratios

Revenue
$3.6B
Net Income
$164.5M
EPS (Diluted)
$0.31
Free Cash Flow
$-111.5M
Total Assets
$11.7B
Cash Position
$224.3M

💡 AI Analyst Insight

Tractor Supply Co /DE/ presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

TSCO Profit Margin, ROE & Profitability Analysis

Gross Margin 36.2%
Operating Margin 6.5%
Net Margin 4.6%
ROE 6.5%
ROA 1.4%
FCF Margin -3.1%

TSCO vs Consumer Sector: How Tractor Supply Co /DE/ Compares

How Tractor Supply Co /DE/ compares to Consumer sector averages

Net Margin
TSCO 4.6%
vs
Sector Avg 8.0%
TSCO Sector
ROE
TSCO 6.5%
vs
Sector Avg 18.0%
TSCO Sector
Current Ratio
TSCO 1.4x
vs
Sector Avg 1.5x
TSCO Sector
Debt/Equity
TSCO 0.8x
vs
Sector Avg 0.8x
TSCO Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Tractor Supply Co /DE/ Stock Overvalued? TSCO Valuation Analysis 2026

Based on fundamental analysis, Tractor Supply Co /DE/ has mixed fundamental signals relative to the Consumer sector in 2026.

Return on Equity
6.5%
Sector avg: 18%
Net Profit Margin
4.6%
Sector avg: 8%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.85x
Sector avg: 0.8x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Tractor Supply Co /DE/ Balance Sheet: TSCO Debt, Cash & Liquidity

Current Ratio
1.38x
Quick Ratio
0.16x
Debt/Equity
0.85x
Debt/Assets
78.4%
Interest Coverage
3.38x
Long-term Debt
$2.1B

TSCO Revenue & Earnings Growth: 5-Year Financial Trend

TSCO 5-year financial data: Year 2021: Revenue $12.7B, Net Income $562.4M, EPS $4.66. Year 2022: Revenue $14.2B, Net Income $749.0M, EPS $6.38. Year 2023: Revenue $14.6B, Net Income $997.1M, EPS $8.61. Year 2024: Revenue $14.9B, Net Income $1.1B, EPS $1.94. Year 2025: Revenue $15.5B, Net Income $1.1B, EPS $2.02.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Tractor Supply Co /DE/'s revenue has grown significantly by 22% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.02 reflects profitable operations.

TSCO Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-3.1%
Free cash flow / Revenue

TSCO Quarterly Earnings & Performance

Quarterly financial performance data for Tractor Supply Co /DE/ including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $3.5B $164.5M $0.31
Q3 2025 $3.5B $179.4M $0.45
Q2 2025 $4.2B $179.4M $0.79
Q1 2025 $3.4B $179.4M $0.34
Q3 2024 $3.4B $183.1M $2.24
Q2 2024 $4.2B $183.1M $3.83
Q1 2024 $3.3B $183.1M $1.65
Q3 2023 $3.3B $183.1M $2.10

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Tractor Supply Co /DE/ Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$91.1M
Cash generated from operations
Stock Buybacks
$118.0M
Shares repurchased (TTM)
Capital Expenditures
$202.6M
Investment in assets
Dividends Paid
$126.4M
Returned to shareholders

TSCO SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Tractor Supply Co /DE/ (CIK: 0000916365)

📋 Recent SEC Filings

Date Form Document Action
May 28, 2026 8-K tsco-20260528.htm View →
May 21, 2026 8-K tsco-20260519.htm View →
May 18, 2026 4 xslF345X06/wk-form4_1779144694.xml View →
May 18, 2026 4 xslF345X06/wk-form4_1779139435.xml View →
May 18, 2026 4 xslF345X06/wk-form4_1779139268.xml View →

Frequently Asked Questions about TSCO

What is the AI rating for TSCO?

Tractor Supply Co /DE/ (TSCO) has an AI grade of C with 68% confidence, based on fundamental analysis of SEC EDGAR filings.

What are TSCO's key strengths?

Claude: Revenue growth of 4.3% YoY demonstrates market demand in the retail hardware/garden segment. Gross margin of 36.2% is solid for the retail sector and provides adequate cost structure.

What are the risks of investing in TSCO?

Claude: Negative free cash flow of -$111.5M represents unsustainable cash burn relative to revenue base. Critical quick ratio of 0.16x signals severe liquidity stress and dangerous inventory dependence for working capital.

What is TSCO's revenue and growth?

Tractor Supply Co /DE/ reported revenue of $3.6B.

Does TSCO pay dividends?

Tractor Supply Co /DE/ pays dividends, with $126.4M distributed to shareholders in the trailing twelve months.

Where can I find TSCO SEC filings?

Official SEC filings for Tractor Supply Co /DE/ (CIK: 0000916365) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is TSCO's EPS?

Tractor Supply Co /DE/ has a diluted EPS of $0.31.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is TSCO's fundamental grade?

Based on our AI fundamental analysis in June 2026, Tractor Supply Co /DE/ has a C grade with 68% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is TSCO stock overvalued or undervalued?

Valuation metrics for TSCO: ROE of 6.5% (sector avg: 18%), net margin of 4.6% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.

What is TSCO's AI grade for 2026?

Our dual AI analysis gives Tractor Supply Co /DE/ a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is TSCO's free cash flow?

Tractor Supply Co /DE/'s operating cash flow is $91.1M, with capital expenditures of $202.6M. FCF margin is -3.1%.

How does TSCO compare to other Consumer stocks?

Vs Consumer sector averages: Net margin 4.6% (avg: 8%), ROE 6.5% (avg: 18%), current ratio 1.38 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 8, 2026 | Data as of: 2026-03-28 | Powered by Claude AI