{ "ok": true, "cik": "916365", "ticker": "TSCO", "name": "TRACTOR SUPPLY CO /DE/", "filings": [ { "form": "8-K", "filed": "2026-08-25", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/916365/000091636526000065/0000916365-26-000065-index.htm" }, { "form": "8-K", "filed": "2026-08-07", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/916365/000091636526000063/0000916365-26-000063-index.htm" }, { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/916365/000091636526000059/0000916365-26-000059-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/916365/000091636526000055/0000916365-26-000055-index.htm" }, { "form": "8-K", "filed": "2026-07-23", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/916365/000091636526000052/0000916365-26-000052-index.htm" }, { "form": "8-K", "filed": "2026-05-28", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/916365/000091636526000046/0000916365-26-000046-index.htm" } ], "events12m": 13, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-08-07", "url": "https://www.sec.gov/Archives/edgar/data/916365/000091636526000063/0000916365-26-000063-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000916365.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=916365" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up TRACTOR SUPPLY CO /DE/ ($TSCO). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-08-25. 13 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-27", "revenue": 15524046000, "revenueGrowth1y": 0.04305617510068882, "revenueGrowthPerYear": 0.05076419605339888, "yearsOfData": 5, "operatingMargin": 0.09452361839175173, "operatingMarginPrior": 0.09860305198515026, "netMargin": 0.0706057557417699, "operatingCashFlow": 1635259000, "capitalSpending": 894770000, "freeCashFlow": 740489000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 194109000, "longTermDebt": 1764974000, "longTermDebtChange": -0.03656994195862484, "revenueHistory": [ { "fiscalYearEnd": "2021-12-25", "revenue": 12731105000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 14204717000 }, { "fiscalYearEnd": "2023-12-30", "revenue": 14555741000 }, { "fiscalYearEnd": "2024-12-28", "revenue": 14883231000 }, { "fiscalYearEnd": "2025-12-27", "revenue": 15524046000 } ], "totalEquity": 2581293000, "totalAssets": 10933679000, "equityRatio": 0.23608640787789728, "returnOnEquity": 0.4246271151705754, "dividendsPaid": 487669000, "payoutRatio": 0.44491814974541255, "dividendPerShare": 0.92, "dividendYearsRising": 3, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 2.07, "sharesOutstanding": 532178000, "bookValuePerShare": 4.850431622502246, "revenuePerShare": 29.170777446643793, "range80": { "low": 14438990049.979603, "high": 16781932501.824245, "baseline": 16091481954.908226, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.04094323326672678, "classVolatility": 0.06659579566308972, "volatility": 0.05527815278359798 }, "ifPaceHeld": { "low": 14438990049.979603, "high": 16781932501.824245 } }, "edgarette": "🔖 Exposure: revenue $15.5B (FY2025), total debt $1.8B. Experience: revenue up 4.3% on the year, up 5.1% a year over 4 years; operating margin 9.5%, down from 9.9%. Soundness: equity 23.6% of assets, return on equity 42.5%, payout 44.5% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $14.4B and $16.8B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $13.5B to $17.8B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, its industry group): operating margin 9.5% against a 7.6% median; growth 4.3% against 3.1%.", "peers": { "sic": 5200, "sicDescription": "Retail-Building Materials, Hardware, Garden Supply", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "52", "growth": [ 0.0312, 9 ], "opMargin": [ 0.0761, 8 ], "equityRatio": [ 0.3117, 8 ] }, "summary": "Tractor Supply (TSCO) grew revenue 4.3% in FY2025 to $15.5 billion, operating margin 9.5% against a 7.6% median for retail-building materials, hardware, garden supply, equity 23.6% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
TRACTOR SUPPLY CO /DE/ against its own record and its peers
Operating marginPeer median 7.6%9.5%Revenue, on the yearPeer median 3.1%4.3%Equity of assetsPeer median 31.2%23.6%Return on equity42.5%Payout of profit44.5%Gold tick: the median of 8–8 peers with $50M+ revenue in retail-building materials, hardware, garden supply
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit44.5% paid out55.5% keptHanded back per share$0.92up 3 years runningGrowth its own profit can fund23.6%retained x return on equityRevenue growth it managed4.3%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 5, "hits": 4, "rate": 0.8, "method": "v4", "byYear": { "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:35:42.913Z", "hash": "4d5e82f241f259aa", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Tractor Supply (TSCO) grew revenue 4.3% in FY2025 to $15.5 billion, operating margin 9.5% against a 7.6% median for retail-building materials, hardware, garden supply, equity 23.6% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-27", "revenue": 15524046000, "totalDebt": 1764974000, "cash": 194109000 }, "experience": { "revenueGrowth1y": 0.04305617510068882, "revenueGrowthPerYear": 0.05076419605339888, "operatingMargin": 0.09452361839175173, "operatingMarginPrior": 0.09860305198515026, "netMargin": 0.0706057557417699, "freeCashFlow": 740489000 }, "soundness": { "equityRatio": 0.23608640787789728, "returnOnEquity": 0.4246271151705754, "payoutRatio": 0.44491814974541255, "dividendPerShare": 0.92, "dividendYearsRising": 3, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 5200, "sicDescription": "Retail-Building Materials, Hardware, Garden Supply", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "52", "growth": [ 0.0312, 9 ], "opMargin": [ 0.0761, 8 ], "equityRatio": [ 0.3117, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-08-07", "url": "https://www.sec.gov/Archives/edgar/data/916365/000091636526000063/0000916365-26-000063-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 14438990049.979603, "high": 16781932501.824245, "baseline": 16091481954.908226, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.04094323326672678, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.05527815278359798, "k": 3 }, "stress": { "low": 13516029862.395096, "high": 17824223693.95959, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 5, "hits": 4, "rate": 0.8, "method": "v4", "byYear": { "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:35:42.913Z", "hash": "4d5e82f241f259aa", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000916365.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=916365" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1053, "growth3y": 0.03, "volatility": 0.0409, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.2361, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 10.5% of revenue into operating cash; revenue growing 3.0% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 39th percentile for cash, 40th for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$10B+", "cashPctInClass": 39, "growthPctInClass": 40, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-27", "operating": 1635259000, "investing": -778578000, "financing": -914063000, "capitalSpending": 894770000, "free": 740489000, "trend": [ { "fiscalYearEnd": "2021-12-25", "operating": 1138720000, "free": 510289000 }, { "fiscalYearEnd": "2022-12-31", "operating": 1356979000, "free": 583610000 }, { "fiscalYearEnd": "2023-12-30", "operating": 1334033000, "free": 580150000 }, { "fiscalYearEnd": "2024-12-28", "operating": 1420835000, "free": 636788000 }, { "fiscalYearEnd": "2025-12-27", "operating": 1635259000, "free": 740489000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-27", "cash": 194109000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 10933679000, "ladder": null, "currentRatio": 1.34, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1053, "growth3y": 0.03, "volatility": 0.0409, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.2361, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 10.5% of revenue into operating cash; revenue growing 3.0% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 39th percentile for cash, 40th for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$10B+", "cashPctInClass": 39, "growthPctInClass": 40, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-27", "operating": 1635259000, "investing": -778578000, "financing": -914063000, "capitalSpending": 894770000, "free": 740489000, "trend": [ { "fiscalYearEnd": "2021-12-25", "operating": 1138720000, "free": 510289000 }, { "fiscalYearEnd": "2022-12-31", "operating": 1356979000, "free": 583610000 }, { "fiscalYearEnd": "2023-12-30", "operating": 1334033000, "free": 580150000 }, { "fiscalYearEnd": "2024-12-28", "operating": 1420835000, "free": 636788000 }, { "fiscalYearEnd": "2025-12-27", "operating": 1635259000, "free": 740489000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-27", "cash": 194109000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 10933679000, "ladder": null, "currentRatio": 1.34, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }