How does Tractor Supply (TSCO) make money?

Tractor Supply (TSCO) generates revenue primarily from Livestock, Equine & Agriculture, which accounted for 31% of total revenue in TTM through Q1 2026. The company reported $14.80B in revenue and converted 5.5% of it into net profit, equivalent to roughly $815.72M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Tractor Supply (TSCO)?

Tractor Supply (TSCO) reported a gross profit margin of 32% in TTM through Q1 2026, equivalent to $4.74B in gross profit on $14.80B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Tractor Supply (TSCO)?

Tractor Supply (TSCO) reported an operating profit margin of 7.5% in TTM through Q1 2026, equivalent to $1.11B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Tractor Supply (TSCO)?

Tractor Supply (TSCO) reported a net profit margin of 5.5% in TTM through Q1 2026, equivalent to $815.72M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Tractor Supply (TSCO) profitable?

Yes. Tractor Supply (TSCO) reported $815.72M in net income for TTM through Q1 2026, with a net profit margin of 5.5%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Tractor Supply (TSCO) spend on capital expenditures?

Tractor Supply (TSCO) spent $924.83M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 6.2% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Tractor Supply (TSCO) generate?

Tractor Supply (TSCO) generated $584.78M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 4.0%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Tractor Supply (TSCO)?

Tractor Supply (TSCO) had an effective tax rate of 21.4% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Tractor Supply (TSCO)?

Tractor Supply (TSCO) reports revenue across 5 reportable product segments, led by Livestock, Equine & Agriculture at 31% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Tractor Supply Makes Money: 2026 Visual Revenue Map

Tractor Supply (TSCO) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 21, 2026).

Tractor Supply discloses geographic revenue only in annual filings. to view the full breakdown.

Tractor Supply (TSCO) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Tractor Supply (TSCO) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Livestock, Equine & Agriculture	$4.59B	31%
Companion Animal	$3.85B	26%
Seasonal & Recreation	$2.81B	19%
Truck, Tool, & Hardware	$2.22B	15%
Clothing, Gift, & Décor	$1.33B	9%
Total	$14.80B	100%

Livestock, Equine & Agriculture$4.59B
Companion Animal$3.85B
Seasonal & Recreation$2.81B
Truck, Tool, & Hardware$2.22B
Clothing, Gift, & Décor$1.33B
Total$14.80B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Tractor Supply (TSCO) reports revenue across 5 operating segments; the largest segment was Livestock, Equine & Agriculture at 31%, followed by Companion Animal (26%) and Seasonal & Recreation (19%).

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