TTM
7.5%
YoY change
−0.41pp
Trough year (1997)
4.4%
Peak year (2015)
10.4%
Latest annual
9.5%
Operating Margin history chart for Tractor Supply (TSCO) from 1993 to 2025
Latest: 9.5%
Operating Margin change chart for Tractor Supply (TSCO) from 1993 to 2025
Latest: −0.41pp
Operating Margin history table for Tractor Supply (TSCO) from 1993 to 2025
| 2025 | 9.5% | -0.41pp | ||
| 2024 | 9.9% | -0.30pp | ||
| 2023 | 10.2% | +0.06pp | ||
| 2022 | 10.1% | -0.16pp | ||
| 2021 | 10.3% | +0.88pp | ||
| 2020 | 9.4% | +0.49pp | ||
| 2019 | 8.9% | +0.03pp | ||
| 2018 | 8.9% | -0.59pp | ||
| 2017 | 9.5% | -0.78pp | ||
| 2016 | 10.2% | -0.21pp | ||
| 2015 | 10.4% | +0.13pp | ||
| 2014 | 10.3% | +0.36pp | ||
| 2013 | 10.0% | +0.60pp | ||
| 2012 | 9.4% | +1.03pp | ||
| 2011 | 8.3% | +1.02pp | ||
| 2010 | 7.3% | +1.56pp | ||
| 2009 | 5.8% | +1.25pp | ||
| 2008 | 4.5% | -1.41pp | ||
| 2007 | 5.9% | -0.33pp | ||
| 2006 | 6.2% | -0.35pp | ||
| 2005 | 6.6% | +0.76pp | ||
| 2004 | 5.8% | -0.74pp | ||
| 2003 | 6.6% | +1.17pp | ||
| 2002 | 5.4% | +0.84pp | ||
| 2001 | 4.6% | +0.09pp | ||
| 2000 | 4.5% | -0.51pp | ||
| 1999 | 5.0% | +0.21pp | ||
| 1998 | 4.8% | +0.38pp | ||
| 1997 | 4.4% | -1.03pp | ||
| 1996 | 5.4% | -0.45pp | ||
| 1995 | 5.9% | -0.36pp | ||
| 1994 | 6.2% | +0.80pp | ||
| 1993 | 5.4% | — |
- 20259.5%-0.41pp
- 20249.9%-0.30pp
- 202310.2%+0.06pp
- 202210.1%-0.16pp
- 202110.3%+0.88pp
- 20209.4%+0.49pp
- 20198.9%+0.03pp
- 20188.9%-0.59pp
- 20179.5%-0.78pp
- 201610.2%-0.21pp
- 201510.4%+0.13pp
- 201410.3%+0.36pp
- 201310.0%+0.60pp
- 20129.4%+1.03pp
- 20118.3%+1.02pp
- 20107.3%+1.56pp
- 20095.8%+1.25pp
- 20084.5%-1.41pp
- 20075.9%-0.33pp
- 20066.2%-0.35pp
- 20056.6%+0.76pp
- 20045.8%-0.74pp
- 20036.6%+1.17pp
- 20025.4%+0.84pp
- 20014.6%+0.09pp
- 20004.5%-0.51pp
- 19995.0%+0.21pp
- 19984.8%+0.38pp
- 19974.4%-1.03pp
- 19965.4%-0.45pp
- 19955.9%-0.36pp
- 19946.2%+0.80pp
- 19935.4%—
Operating Margin values are taken from Tractor Supply's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Tractor Supply (TSCO)
According to Tractor Supply's latest reported financial statements, the company's latest reported operating margin is 7.5%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Tractor Supply (TSCO) came in at 9.45% – contracted 0.4 percentage points year-over-year.
10.45% stands as the all-time-high annual operating margin, posted in 2015, against a low of 4.40% during 1997.
Tractor Supply Operating Margin by Year
Tractor Supply Operating Margin 2025: 9.5%
2025's operating margin for Tractor Supply came in at 9.45%, contracted 0.4 percentage points from 2024.
Tractor Supply Operating Margin 2024: 9.9%
Tractor Supply posted operating margin of 9.86% in 2024, contracted 0.3 percentage points from 2023.
Tractor Supply Operating Margin 2023: 10.2%
In 2023, Tractor Supply reported operating margin of 10.16%, expanded 0.1 percentage points from 2022.
Tractor Supply Operating Margin 2022: 10.1%
Tractor Supply operating margin in 2022 was 10.10%, contracted 0.2 percentage points from 2021.
Tractor Supply Operating Margin 2021: 10.3%
Tractor Supply operating margin in 2021 was 10.26%.
See more financial history for Tractor Supply (TSCO).
Sector peers by Operating Margin
Consumer Cyclical peers of Tractor Supply (TSCO), ranked by their latest operating margin
| 46.0% | |
| 34.3% | |
| 22.2% | |
| 12.4% | |
| 12.4% | |
| 11.5% | |
| 5.8% | |
| 5.0% |
- 46.0%
- 22.2%
- 12.4%
- 12.4%
- 11.5%
- 5.8%
- 5.0%
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