Financial Performance
5Y price score: (29)
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 195.1%
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28.3
52-week range
58.2
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
1.7 %
Dividend Yield TTM
2.9 %
Market cap $
$ 17,357
Price / Earnings TTM
17.9
Price / Book TTM
6.5
PEG TTM
18.3
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
(37.5) %
(10.8) %
195.1 %
Free cash flow per share growth
(54.3) %
(25.8) %
333.3 %
Earnings per share growth
(12.2) %
61.4 %
243.3 %
Founded: 1,938
Employees: 26,000
Business Summary:
Q&A
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Latest Earnings Call Takeaways
2026 Q3 (Oct 22, 2026)
1) Strategic Focus and Leadership Changes
- Hal Lawton, CEO, emphasized the importance of improving comparable sales and restoring operating margins to above 9%.
- Fahim Sadike was introduced as the new Chief Technology and Digital Officer, expected to enhance digital initiatives.
- The company is committed to deliberate capital investments and strategic priorities to unlock long-term shareholder value.
2) Financial Performance and Segment Results
- Q3 net sales rose 5.1% to $3.91 billion, driven by new store openings and comp sales growth of 0.4%.
- Gross profit increased 2.6% to $1.42 billion, with a gross margin of approximately 36.4%, down 90 basis points YoY due to higher transportation costs and pricing investments.
- Operating income was $307.7 million, resulting in an operating margin of 7.9%.
- Digital sales grew approximately 16%, reflecting strong customer engagement and convenience.
3) Challenges and Headwinds
- Elevated interest rates and reduced housing mobility are impacting larger project spending, while inflation and higher fuel costs are affecting consumer discretionary spending.
- Companion animal category sales remain below expectations, although there has been sequential improvement.
- The company faces ongoing cost pressures, particularly in transportation and commodity prices, which are expected to persist into 2027.
4) Operational Initiatives and Future Plans
- The company is focusing on enhancing customer value through strategic pricing and product assortment, particularly in essential SKUs.
- Actions are being taken to improve operational efficiency, including a comprehensive store productivity program and renegotiated vendor agreements expected to generate $50 million in annualized benefits.
- Capital expenditures are expected to moderate below 4% of sales in 2027, allowing for greater flexibility in cash deployment and share repurchases.
5) Guidance and Outlook
- The company reaffirms its 2026 guidance, anticipating positive comparable sales in Q4 despite a cautious consumer environment.
- Operating margin expectations are set to improve as the company targets a 2% comp sales growth threshold to restore margins.
- The transcript lacks specific forward-looking financial metrics for 2027, which will be provided in future updates.
Bottom line: Tractor Supply is making progress in sales and operational efficiency, but faces significant cost pressures and a cautious consumer environment. The focus on strategic pricing and digital initiatives aims to enhance customer loyalty and drive long-term growth, positioning the company for improved margins and shareholder returns.
Annual Reports, Presentations And IR Contacts
Go to the websiteTractor Supply — Financial Overview, Stock Price, Market Cap
Tractor Supply is a company. Founded in 1938. As of October 23, 2026, the company's market capitalization is $17357357980 with a current stock price of $33.31.