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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Tractor Supply (TSCO) Gross Margin (2016 - 2026)

Tractor Supply filings provide 17 years of Gross Margin readings, the most recent being 8.82% for Q4 2025.

  • On a quarterly basis, Gross Margin fell 2641.0% to 8.82% in Q4 2025 year-over-year; TTM through Dec 2025 was 20.83%, a 1543.0% decrease, with the full-year FY2025 number at 36.42%, up 16.0% from a year prior.
  • Gross Margin hit 8.82% in Q4 2025 for Tractor Supply, down from 37.35% 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.
  • Median Gross Margin over the past 5 years was 35.7% (2021), compared with a mean of 34.44%.
  • Biggest five-year swings in Gross Margin: skyrocketed 148bps in 2021 and later tumbled -2641bps in 2025.
  • Tractor Supply's Gross Margin stood at 33.76% in 2021, then grew by 1bps to 34.04% in 2022, then grew by 4bps to 35.33% in 2023, then fell by 0bps to 35.24% in 2024, then plummeted by -75bps to 8.82% in 2025.
  • The last three reported values for Gross Margin were 8.82% (Q4 2025), 37.35% (Q3 2025), and 36.94% (Q2 2025) per Business Quant data.