Short answer
Tractor Supply (TSCO) filed its fiscal 2025 10-K annual report with the SEC on Feb 19, 2026. It reported revenue of $15.5B (+4.3% year over year) and net income of $1.1B.
- Top risk flagged: No geopolitical or macroeconomic exposures detailed in the provided text
FY2025 key financial metrics · XBRL
- Revenue
- $15.5B
- +4.3% YoY
- Net income
- $1.1B
- −0.5% YoY
- Operating margin
- 9.5%
- −0.4 pp YoY
- Gross margin
- 36.4%
- +0.2 pp YoY
- EPS (diluted)
- $2.06
- +1.0% YoY
- ROE
- 42.5%
- −6.0 pp YoY
- Operating cash flow
- $1.6B
- +15.1% YoY
Source: XBRL data from the Tractor Supply (TSCO) FY2025 10-K on SEC EDGAR. USD.
Tractor Supply FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Largest U.S. rural lifestyle retailer serving recreational farmers, ranchers, pet owners via 2,602 stores and digital platforms
- New acquisition: Completed Allivet online pet pharmacy purchase for $135M, expanding pet medication and auto-ship offerings
- Strategic emphasis: Multi-year remodeling of stores and Side Lot expansions to enhance shopping experience and lawn/garden assortment
- Quantitative metric: Employed ~52,000 team members at year-end 2025 with Neighbor’s Club loyalty driving customer engagement
- Noteworthy fact: Developing new 865,000 sq. ft. Idaho distribution center to start operations Q4 2026, expanding logistics capacity
Management Discussion & Analysis
- Revenue $15.52B, up 4.3% YoY from $14.88B in fiscal 2024; comparable store sales up 1.2% vs 0.2% prior year
- Gross margin 36.4% vs 36.3%, operating margin declined to 9.5% from 9.9%, net income stable at $1.10B
- Tractor Supply segment best performance with 99 stores opened, Petsense by Tractor Supply had 5 stores opened and 4 closed
- Returned $848.5M to shareholders via stock repurchases and dividends; ended FY25 with $194.1M cash and $1.77B long-term debt
- Management focused on growth through new stores, digital capabilities, operational excellence, and selective acquisitions; no impairment losses reported
Risk Factors
- No geopolitical or macroeconomic exposures detailed in the provided text
- Chief Supply Chain Officer joined in 2020, with prior experience at Neiman Marcus and Target, indicating supply chain leadership transition risk
- CEO Harry Lawton on Board of Wayfair Inc. since Nov 2025, competitor in digital commerce space
- CFO Kurt Barton is a Certified Public Accountant with tenure since 1999, no disclosed key-person financial risks
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.