Tractor Supply (TSCO) Operating Margin (2009 - 2026)
Tractor Supply (TSCO) posted Operating Margin of 10.29% for Q2 2026, down 2.73 percentage points from 13.01% a year earlier but up 3.79 percentage points from the prior quarter.
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Analysis
Tractor Supply (TSCO) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 27, 2026, Operating Margin at Tractor Supply was 8.51%, down 1.19 percentage points year-over-year; for FY2025, it was 9.45%, down 0.41 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +0.07 percentage points (FY2020 to FY2025).
- In prior years, Tractor Supply's Operating Margin was 9.86% in FY2024 (-0.30 pp), 10.16% in FY2023 (+0.06 pp), 10.10% in FY2022 (-0.16 pp) and 10.26% in FY2021 (+0.88 pp).
- Quarterly Operating Margin has run from a low of 6.50% in Q1 2026 to a high of 13.45% in Q2 2022 over five years.
- On a year-over-year basis, Operating Margin has declined in each of the last nine quarters, with an average year-over-year change of -0.81 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2021, with a gain of 2.42 percentage points; the weakest was Q2 2026, with a drop of 2.73 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 6.50% (Q1 2026), 7.64% (Q4 2025) and 9.21% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 936.34 Bn | 892.78 Bn | 49.13 Bn | 4.99% |
| 2 | Costco Wholesale | 443.48 Bn | 366.76 Bn | 12.19 Bn | 3.97% |
| 3 | Sysco | 39.33 Bn | 33.58 Bn | 4.13 Bn | 4.44% |
| 4 | Kroger | 38.87 Bn | 25.03 Bn | 7.86 Bn | 2.80% |
| 5 | Dollar General | 29.16 Bn | 23.84 Bn | 3.68 Bn | 6.81% |
| 6 | Caseys General Stores | 25.71 Bn | 23.71 Bn | 1.24 Bn | 8.54% |
| 7 | Dollar Tree | 23.91 Bn | 20.53 Bn | 2.10 Bn | 14.11% |
| 8 | US Foods Holding | 22.37 Bn | 22.17 Bn | 1.92 Bn | 4.21% |
| 9 | Tractor Supply | 17.05 Bn | 16.22 Bn | 1.68 Bn | 10.29% |
| 10 | Performance Food | 15.11 Bn | 14.90 Bn | 2.17 Bn | 1.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 10.29% |
| Mar 28, 2026 | 6.50% |
| Dec 27, 2025 | 7.64% |
| Sep 27, 2025 | 9.21% |
| Jun 28, 2025 | 13.01% |
| Mar 29, 2025 | 7.19% |
| Dec 28, 2024 | 8.44% |
| Sep 28, 2024 | 9.36% |
| Jun 29, 2024 | 13.22% |
| Mar 30, 2024 | 7.75% |
| Dec 30, 2023 | 9.13% |
| Sep 30, 2023 | 9.99% |
| Jul 1, 2023 | 13.37% |
| Apr 1, 2023 | 7.41% |
| Dec 31, 2022 | 8.97% |
| Sep 24, 2022 | 9.37% |
| Jun 25, 2022 | 13.45% |
| Mar 26, 2022 | 8.08% |
| Dec 25, 2021 | 8.83% |
| Sep 25, 2021 | 9.85% |
API Access
Tractor Supply Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=TSCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "TSCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=TSCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();