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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) Operating Margin (2016 - 2025)

Tractor Supply's Operating Margin history spans 17 years, with the latest figure at 1.92% for Q4 2025.

  • For Q4 2025, Operating Margin fell 652.0% year-over-year to 1.92%; the TTM value through Dec 2025 reached 5.4%, down 446.0%, while the annual FY2025 figure was 9.45%, 41.0% down from the prior year.
  • Operating Margin reached 1.92% in Q4 2025 per TSCO's latest filing, down from 9.21% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 13.49% in Q2 2021 to a low of 1.92% in Q4 2025.
  • Average Operating Margin over 5 years is 9.51%, with a median of 9.17% recorded in 2025.
  • Peak YoY movement for Operating Margin: surged 251bps in 2021, then crashed -652bps in 2025.
  • A 5-year view of Operating Margin shows it stood at 8.83% in 2021, then increased by 2bps to 8.97% in 2022, then rose by 2bps to 9.13% in 2023, then fell by -8bps to 8.44% in 2024, then crashed by -77bps to 1.92% in 2025.
  • Per Business Quant, the three most recent readings for TSCO's Operating Margin are 1.92% (Q4 2025), 9.21% (Q3 2025), and 13.01% (Q2 2025).