Tractor Supply (TSCO) Gross Margin (2009 - 2026)
Tractor Supply (TSCO) posted Gross Margin of 36.22% for Q1 2026, up 310.51% quarter-over-quarter from 8.82% in Q4 2025, and up 1.0% year-on-year from 35.87% in Q1 2025.
Tractor Supply (TSCO) Gross Margin (2009 - 2026) Analysis & Trends
Tractor Supply (TSCO) has reported Gross Margin for 18 consecutive years, with 36.22% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 36.22%, up 1.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.9% (down 1542.0% YoY), and the FY2025 annual result was 36.42%, up 16.0% from the prior year.
- Gross Margin was 36.22% for Q1 2026 at Tractor Supply, up from 8.82% in the prior quarter.
- Over five years, Gross Margin peaked at 37.35% in Q3 2025 and troughed at 8.82% in Q4 2025.
- Average Gross Margin over 5 years is 34.37%, with a median of 35.96% recorded in 2024.
- Year-over-year, Gross Margin jumped 129 bps in 2023 and sank 2641 bps in 2025.
- Over 5 years, Gross Margin stood at 34.04% in 2022, then increased by 4 bps to 35.33% in 2023, then retreated by 0 bps to 35.24% in 2024, then sank by 75 bps to 8.82% in 2025, then jumped by 311 bps to 36.22% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 36.22% in Q1 2026, 8.82% in Q4 2025, and 37.35% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | NaaS Technology | 29.20 Bn | 29.20 Bn | - | - |
| 2 | Caseys General Stores | 28.94 Bn | 28.48 Bn | 1.08 Bn | 23.63% |
| 3 | Williams Sonoma | 27.71 Bn | 26.69 Bn | 1.10 Bn | 46.87% |
| 4 | Dick'S Sporting Goods | 19.10 Bn | 17.75 Bn | 1.77 Bn | 28.43% |
| 5 | Tractor Supply | 16.98 Bn | 16.76 Bn | 1.30 Bn | 36.22% |
| 6 | Best Buy | 16.25 Bn | 14.50 Bn | 2.10 Bn | 23.52% |
| 7 | Murphy USA | 10.35 Bn | 10.23 Bn | 3.98 Bn | 82.59% |
| 8 | Five Below | 10.07 Bn | 9.13 Bn | 696.98 Mn | 40.32% |
| 9 | Winmark | 8.93 Bn | 8.93 Bn | 20.23 Mn | 97.03% |
| 10 | Academy Sports & Outdoors | 3.04 Bn | 2.71 Bn | 479.35 Mn | 33.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 26, 2021 | 35.75% |