TRACTOR SUPPLY CO /DE/ (TSCO) closed fiscal year 2025 with a gross margin of 36.4 % and a net margin of 7.1 %.
TRACTOR SUPPLY CO /DE/ (TSCO) closed fiscal year 2025 with a gross margin of 36.4 % and a net margin of 7.1 %. The same year shows an EBITDA margin of 12.6 % and an EBIT margin of 9.5 %. The free cash flow margin was 4.8 %. Against the previous year the gross margin moved +0.2 pp and the net margin −0.3 pp. Across the period the gross margin ranges between 31.8 % in 2008 and 36.4 % in 2025. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 31.75 % | 32.49 % | 33.08 % | 33.24 % | 33.58 % | 33.95 % | 34.15 % | 34.42 % | 34.30 % | 34.34 % | 34.16 % | 34.38 % | 35.42 % | 35.17 % | 35.00 % | 35.92 % | 36.26 % | 36.42 % |
| EBITDA margin (%) | 7.95 % | 8.04 % | 9.24 % | 10.23 % | 11.27 % | 11.90 % | 12.33 % | 12.43 % | 12.35 % | 11.74 % | 11.11 % | 11.25 % | 11.43 % | 12.39 % | 12.52 % | 12.86 % | 12.86 % | 12.63 % |
| EBIT margin (%) | 5.93 % | 5.97 % | 7.32 % | 8.33 % | 9.36 % | 9.96 % | 10.32 % | 10.45 % | 10.24 % | 9.46 % | 8.87 % | 8.90 % | 9.39 % | 10.26 % | 10.10 % | 10.16 % | 9.86 % | 9.45 % |
| Net margin (%) | 3.59 % | 3.73 % | 4.62 % | 5.26 % | 5.93 % | 6.36 % | 6.49 % | 6.59 % | 6.45 % | 5.82 % | 6.73 % | 6.73 % | 7.05 % | 7.83 % | 7.66 % | 7.61 % | 7.40 % | 7.06 % |
| FCF margin (%) | 4.19 % | 4.41 % | 3.47 % | 2.08 % | 4.83 % | 2.24 % | 4.35 % | 3.53 % | 6.26 % | 5.25 % | 5.26 % | 7.12 % | 10.36 % | 4.01 % | 4.11 % | 3.99 % | 4.28 % | 4.77 % |
