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Screener / SEC EDGAR /CIK 0000916365 /10-K filed Feb 19, 2026, compared with Feb 20, 2025 /Numbers from the XBRL of the 10-Ks
Consumer discretionary peers:
DASHEXPEABNBPHMTSCOMGM
Nasdaq Consumer discretionary · Home Improvement Retail

Tractor Supply TSCO

TSCO quote by TradingView

Tractor Supply Company (the “Company” or “Tractor Supply” or “we” or “our” or “us”) is the largest rural lifestyle retailer in the United States (“U.S.”). 10-K, Item 1

Headquarters
Brentwood, TN
CEO
III Harry A. Lawton
Next results
around Jan 28, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $15.5B through the costs to a net profit of $1.1B · income statement of the 10-K

9% operating margin
Revenue to Gross profit: $5.7BRevenue to Cost of revenue: $9.9BGross profit to Operating profit: $1.5BGross profit to Operating expenses: $4.2BOperating profit to Net profit: $1.1BOperating profit to Tax & other: $371.3M Revenue: $15.5B REVENUE $15.5B +4% Y/Y Gross profit: $5.7B · 36% margin GROSS PROFIT $5.7B 36% margin · +5% Y/Y Cost of revenue: $9.9B · 64% of revenue COST OF REVENUE $9.9B 64% of revenue Operating profit: $1.5B · 9% margin OPERATING PROFIT $1.5B 9% margin · +0% Y/Y Operating expenses: $4.2B · 27% of revenue OPERATING EXPENSES $4.2B 27% of revenue Net profit: $1.1B · 7% margin NET PROFIT $1.1B 7% margin · +0% Y/Y Tax & other: $371.3M · 2% of revenue TAX & OTHER $371.3M 2% of revenue
Gross profit $5.7B 36% margin · +5% Y/Y
Operating profit $1.5B 9% margin · +0% Y/Y
Net profit $1.1B 7% margin · +0% Y/Y
The full income statement, year by year

TSCO among Consumer discretionary peers

Six ratios from the latest 10-K. Each corner is the share of 46 peers the company is above, not a score.

Compare
Revenue growth: 4.3%, above 41% of 46 peers (their median 5.9%) REVENUE GROWTH 4.3% · above 41% Gross margin: 36.2%, above 37% of 30 peers (their median 42.2%) GROSS MARGIN 36.2% · above 37% Operating margin: 8.2%, above 18% of 39 peers (their median 16.0%) OPERATING MARGIN 8.2% · above 18% Net margin: 6.1%, above 22% of 46 peers (their median 11.0%) NET MARGIN 6.1% · above 22% FCF margin: 1.8%, above 5% of 44 peers (their median 9.5%) FCF MARGIN 1.8% · above 5% Return on capital: 23.5%, above 58% of 24 peers (their median 22.1%) RETURN ON CAPITAL 23.5% · above 58%
TSCO Peer median Below the median

What changed

3 new risk paragraphs. 10-K filed Feb 19, 2026 against Feb 20, 2025.

Risk factors
3 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
10 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 10 checks found nothing to note

  • Cash from operations $1.6B vs net income $1.1B (FY ending Dec 27, 2025)
  • Inventory +8.6% vs revenue +4.3% (+4.3 pts)
  • Same auditor in both 10-Ks: Ernst & Young LLP
7 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Workers’ Compensation and General Liability Self-Insurance Reserves
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

3 paragraphs in Risk Factors that were not in the 10-K filed Feb 20, 2025. Quoted as filed.

All 3 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    Our increasing use of and investment in artificial intelligence and other emerging technologies could adversely affect our business, financial condition, and reputation. We use internally developed and third-party artificial intelligence and machine learning technology systems to operate our retail business more efficiently and to…

New risk paragraphs, against peers

Latest 10-K of each, Consumer discretionary companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$14.2B$14.6B$14.9B$15.5B
Net income$1.1B$1.1B$1.1B$1.1B
Operating cash flow$1.4B$1.3B$1.4B$1.6B
Free cash flow$583.6M$580.1M$636.8M$740.5M

Revenue, FY2017 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$15.5B ▲ 4.3% in FY2025

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

Tractor Supply, Brentwood, TN · from the 10-K filed Feb 19, 2026

Tractor Supply Company (the “Company” or “Tractor Supply” or “we” or “our” or “us”) is the largest rural lifestyle retailer in the United States (“U.S.”). The Company is focused on supplying the needs of recreational farmers, ranchers, and all those who enjoy living the rural lifestyle (which we refer to as the “Out Here” lifestyle). We operate retail stores under the names Tractor Supply Company and Petsense by Tractor Supply. Our stores are located primarily in towns outlying major metropolitan markets and in rural communities. We also offer an expanded assortment of products through the Tractor Supply mobile application and online at TractorSupply.com, Petsense.com, and Allivet.com.

Headquarters
Brentwood, TN
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 28
Last results
Oct 22, 2026
Incorporated in
DE

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Sources

The 10-K filed Feb 19, 2026 (open at SEC), compared with the 10-K filed Feb 20, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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