Tractor Supply (TSCO) Return on Invested Capital [ROIC] (2009 - 2026)
Tractor Supply's Return on Invested Capital [ROIC] was 22.62% in Q2 2026, down 4.27 percentage points from 26.88% a year earlier and down 2.64 percentage points from the prior quarter.
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Analysis
Tractor Supply (TSCO) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Tractor Supply came in at 27.23%, down 1.43 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now declined for three consecutive years, with a five-year change of -4.13 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 28.66% in FY2024 (-3.61 pp), 32.27% in FY2023 (-3.56 pp), 35.83% in FY2022 (+1.48 pp) and 34.35% in FY2021 (+2.99 pp).
- The Q2 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q4 2010.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for 14 straight quarters, with an average year-over-year change of -2.21 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2021 (a gain of 8.47 percentage points); the worst was Q4 2023 (a drop of 6.05 percentage points).
- Per Business Quant data, TSCO's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 25.26% (Q1 2026), 26.55% (Q4 2025) and 27.34% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 1,016.23 Bn | 978.93 Bn | 49.13 Bn | 16.14% |
| 2 | Costco Wholesale | 490.35 Bn | 413.63 Bn | 12.19 Bn | 21.69% |
| 3 | Kroger | 41.83 Bn | 27.99 Bn | 7.86 Bn | 6.07% |
| 4 | Sysco | 37.95 Bn | 29.87 Bn | 4.05 Bn | 12.83% |
| 5 | Dollar General | 29.60 Bn | 24.27 Bn | 3.68 Bn | 13.65% |
| 6 | Caseys General Stores | 26.32 Bn | 24.31 Bn | 1.24 Bn | 18.51% |
| 7 | Dollar Tree | 25.91 Bn | 22.54 Bn | 2.10 Bn | 25.93% |
| 8 | US Foods Holding | 23.28 Bn | 23.08 Bn | 1.90 Bn | 10.60% |
| 9 | Tractor Supply | 18.93 Bn | 18.08 Bn | 1.42 Bn | 21.39% |
| 10 | Performance Food | 17.44 Bn | 17.22 Bn | 2.19 Bn | 6.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 21.39% |
| Jun 27, 2026 | 22.62% |
| Mar 28, 2026 | 25.26% |
| Dec 27, 2025 | 26.55% |
| Sep 27, 2025 | 27.39% |
| Jun 28, 2025 | 31.23% |
| Mar 29, 2025 | 25.85% |
| Sep 28, 2024 | 28.35% |
| Jun 29, 2024 | 33.84% |
| Mar 30, 2024 | 28.29% |
| Sep 30, 2023 | 30.44% |
| Jul 1, 2023 | 31.14% |
| Apr 1, 2023 | 33.10% |
| Dec 31, 2022 | 35.67% |
| Sep 24, 2022 | 35.66% |
| Jun 25, 2022 | 36.82% |
| Mar 26, 2022 | 35.34% |
| Dec 25, 2021 | 33.80% |
| Sep 25, 2021 | 31.12% |
| Jun 26, 2021 | 30.89% |
API Access
Tractor Supply Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=TSCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=TSCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();