Tractor Supply (TSCO) Gross Margin (2009 - 2026)
Tractor Supply's (TSCO) quarterly Gross Margin came in at 36.22% in Q1 2026, up 1.0% YoY from 35.87% in Q1 2025, and up 310.51% on a QoQ basis from 8.82% in Q4 2025.
Tractor Supply (TSCO) Gross Margin (2009 - 2026) Analysis & Trends
Tractor Supply (TSCO) has 18 years of Gross Margin data on file, last reported at 36.22% in Q1 2026.
- Quarterly Gross Margin rose 1.0% year-over-year to 36.22% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 20.9% (down 1542.0% YoY) and the FY2025 annual result came in at 36.42%, up 16.0% from the prior year.
- Gross Margin advanced to 36.22% in Q1 2026, from 8.82% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 37.35% in Q3 2025 to a low of 8.82% in Q4 2025.
- A 5-year average of 34.37% and a median of 35.96% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin surged 129 bps — and 2025, when it tumbled 2641 bps.
- Tracing TSCO's Gross Margin over 5 years: stood at 34.04% in 2022, then advanced by 4 bps to 35.33% in 2023, then dropped by 0 bps to 35.24% in 2024, then slumped by 75 bps to 8.82% in 2025, then jumped by 311 bps to 36.22% in 2026.
- The last three Gross Margin figures came in at 36.22% (Q1 2026), 8.82% (Q4 2025), and 37.35% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.70 Bn | 30.18 Bn | 1.08 Bn | 23.63% |
| 2 | Williams Sonoma | 28.62 Bn | 27.60 Bn | 1.10 Bn | 46.87% |
| 3 | Ulta Beauty | 22.58 Bn | 22.36 Bn | 1.27 Bn | 40.07% |
| 4 | Tractor Supply | 18.35 Bn | 18.12 Bn | 1.68 Bn | 37.05% |
| 5 | Best Buy | 18.03 Bn | 16.28 Bn | 2.10 Bn | 23.52% |
| 6 | Dick'S Sporting Goods | 15.93 Bn | 14.93 Bn | 1.68 Bn | 32.59% |
| 7 | Five Below | 13.08 Bn | 11.97 Bn | 478.64 Mn | 37.23% |
| 8 | Murphy USA | 10.51 Bn | 10.33 Bn | 746.50 Mn | 10.97% |
| 9 | Bath & Body Works | 4.08 Bn | 3.13 Bn | 1.24 Bn | 45.67% |
| 10 | MINISO Group Holding | 3.42 Bn | 2.45 Bn | 414.86 Mn | 46.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 37.05% |
| Mar 28, 2026 | 36.22% |
| Dec 27, 2025 | 8.82% |
| Sep 27, 2025 | 37.35% |
| Jun 28, 2025 | 36.94% |
| Mar 29, 2025 | 36.21% |
| Dec 28, 2024 | 35.24% |
| Sep 28, 2024 | 37.21% |
| Jun 29, 2024 | 36.63% |
| Mar 30, 2024 | 35.96% |
| Dec 30, 2023 | 35.33% |
| Sep 30, 2023 | 36.65% |
| Jul 1, 2023 | 36.20% |
| Apr 1, 2023 | 35.46% |
| Dec 31, 2022 | 34.04% |
| Sep 24, 2022 | 35.64% |
| Jun 25, 2022 | 35.51% |
| Mar 26, 2022 | 34.94% |
| Dec 25, 2021 | 33.76% |
| Sep 25, 2021 | 35.96% |