Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Tractor Supply

TSCO stock analysis · Consumer Discretionary · Other Specialty Retail

FY 2025-12-27ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$31.61HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$16.5B

Price × SEC outstanding shares. Shares measured 2026-06-27. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$21.55

Equity cash-flow scenario · SEC outstanding shares at 2026-06-27 · -31.8% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

14.4%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

65.1%

43 sector peers · median 24.8×

How this is calculated ↗
Valuation

Historical multiples

24.9×

7 annual observations · snapshot P/E 15.0× · -39.5% versus history

How this is calculated ↗
Valuation

Free cash flow yield

4.5%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

49.3%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

61/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

11.5%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-5.2%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

1.6%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1.6B2020-12-26: cfo $1,394,515,000.002020-12-26: capex $294,002,000.0020202021-12-25: cfo $1,138,720,000.002021-12-25: capex $628,431,000.0020212022-12-31: cfo $1,356,979,000.002022-12-31: capex $773,369,000.0020222023-12-30: cfo $1,334,033,000.002023-12-30: capex $753,883,000.0020232024-12-28: cfo $1,420,835,000.002024-12-28: capex $784,047,000.0020242025-12-27: cfo $1,635,259,000.002025-12-27: capex $894,770,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$27.03$29.50$32.14
10.0%$19.81$21.55$23.42
12.0%$15.63$16.96$18.38

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-2715.5B1.1B1.6B894.8M10.9B
2024-12-2814.9B1.1B1.4B784M9.8B
2023-12-3014.6B1.1B1.3B753.9M9.2B
2022-12-3114.2B1.1B1.4B773.4M8.5B
2021-12-2512.7B997.1M1.1B628.4M7.8B
2020-12-2610.6B749M1.4B294M7B
2019-12-288.4B562.4M811.7M217.5M5.3B
2018-12-297.9B532.4M694.4M278.5M3.1B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue15.5BRevenues2026-02-19
netIncome1.1BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-19
Parent/common earnings proxy1.1BNetIncomeLoss2026-02-19
cfo1.6BNetCashProvidedByUsedInOperatingActivities2026-02-19
capex894.8MPaymentsToAcquirePropertyPlantAndEquipment2026-02-19
operatingIncome1.5BOperatingIncomeLoss2026-02-19
assets10.9BAssets2026-02-19
equity2.6BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-19
Parent book equity proxy2.6BStockholdersEquity2026-02-19
debt150MLongTermDebt2026-02-19
shortDebtNot reported under a supported tag
cash194.1MCashAndCashEquivalentsAtCarryingValue2026-02-19
shares532.2MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-19
dividends487.7MPaymentsOfDividends2026-02-19
buybacks361.3MPaymentsForRepurchaseOfCommonStock2026-02-19
issuanceNot reported under a supported tag