Tractor Supply Co. (TSCO) financial statements: income statement, balance sheet and cash flow
Tractor Supply Co.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 27, 2025 · FY), Tractor Supply Co. reported revenue of $15.5B (+4.3% year on year) and net income of $1.1B (-0.5% year on year).
Income statement
Tractor Supply Co. income statement, fiscal years
Line item
Dec 27, 2025 · FY
Dec 28, 2024 · FY
Dec 30, 2023 · FY
Dec 31, 2022 · FY
Net sales
$15.5B
$14.9B
$14.6B
$14.2B
Cost of merchandise sold
$9.9B
$9.5B
$9.3B
$9.2B
Gross profit
$5.7B
$5.4B
$5.2B
$5.0B
Selling, general and administrative expenses
$3.7B
$3.5B
$3.4B
$3.2B
Depreciation and amortization
$494.0M
$447.2M
$393.0M
$343.1M
Operating income
$1.5B
$1.5B
$1.5B
$1.4B
Interest expense, net
$69.1M
$54.6M
$46.5M
$30.6M
Income before income taxes
$1.4B
$1.4B
$1.4B
$1.4B
Income tax expense
$302.2M
$311.7M
$325.2M
$315.6M
Net income
$1.1B
$1.1B
$1.1B
$1.1B
Net Income per share – basic (a)
$2.07
$2.05
$10.15
$9.78
Net Income per share – diluted (a)
$2.06
$2.04
$10.09
$9.71
Basic
530.0M
536.9M
109.1M
111.3M
Diluted
532.2M
539.7M
109.7M
112.1M
Dividends declared per common share outstanding (a)
$0.92
$0.88
$4.12
$3.68
Tractor Supply Co. income statement, quarters
Line item
Jun 27, 2026 · Q2
Mar 28, 2026 · Q1
Sep 27, 2025 · Q3
Jun 28, 2025 · Q2
Net sales
$4.5B
$3.6B
$3.7B
$4.4B
Cost of merchandise sold
$2.9B
$2.3B
$2.3B
$2.8B
Gross profit
$1.7B
$1.3B
$1.4B
$1.6B
Selling, general and administrative expenses
$1.0B
$941.2M
$922.5M
$940.1M
Depreciation and amortization
$130.8M
$126.6M
$124.1M
—
Impairment expense
$62.7M
—
—
—
Operating income
$467.1M
$233.4M
$342.7M
$577.8M
Interest expense, net
$17.1M
$19.1M
$14.7M
$18.0M
Income before income taxes
$450.0M
$214.3M
$328.0M
$559.8M
Income tax expense
$89.3M
$49.8M
$68.8M
$129.8M
Net income
$360.7M
$164.5M
$259.3M
$430.0M
Net income per share – basic
$0.69
$0.31
$0.49
$0.81
Net income per share – diluted
$0.69
$0.31
$0.49
$0.81
Basic
523.7M
526.3M
529.7M
530.3M
Diluted
524.6M
528.1M
532.1M
532.2M
Dividends declared per common share outstanding
$0.24
$0.24
$0.23
$0.23
Balance sheet
Tractor Supply Co. balance sheet, fiscal years
Line item
Dec 27, 2025 · FY
Dec 28, 2024 · FY
Dec 30, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$194.1M
$251.5M
$397.1M
$202.5M
Inventories
$3.1B
$2.8B
$2.6B
$2.7B
Prepaid expenses and other current assets
$202.6M
$196.6M
$218.6M
$245.7M
Income taxes receivable
$27.0M
$21.6M
$2.5M
$0
Total current assets
$3.5B
$3.3B
$3.3B
$3.2B
Property and equipment, net
$3.0B
$2.7B
$2.4B
$2.1B
Operating lease right-of-use assets
$3.9B
$3.4B
$3.1B
$3.0B
Goodwill and other intangible assets
$398.8M
$269.5M
$269.5M
$253.3M
Other assets
$62.2M
$83.2M
$75.5M
$41.5M
Total assets
$10.9B
$9.8B
$9.2B
$8.5B
Accounts payable
$1.4B
$1.2B
$1.2B
$1.4B
Accrued employee compensation
$114.8M
$100.9M
$91.5M
$120.3M
Other accrued expenses
$653.5M
$582.0M
$533.0M
$498.6M
Current portion of finance lease liabilities
$5.4M
$3.3M
$3.3M
$3.2M
Current portion of operating lease liabilities
$449.9M
$396.9M
$369.5M
$346.4M
Total current liabilities
$2.6B
$2.3B
$2.2B
$2.4B
Long-term debt
$1.8B
$1.8B
$1.7B
$1.2B
Finance lease liabilities, less current portion
$30.7M
$28.0M
$31.4M
$34.7M
Operating lease liabilities, less current portion
$3.7B
$3.2B
$2.9B
$2.7B
Deferred income taxes
$95.0M
$44.3M
$60.0M
$30.8M
Other long-term liabilities
$155.3M
$147.4M
$138.1M
$120.0M
Total liabilities
$8.4B
$7.5B
$7.0B
$6.4B
Common stock
$7.1M
$7.1M
$1.4M
$1.4M
Additional paid-in capital
$1.4B
$1.4B
$1.3B
$1.3B
Treasury stock
($6.4B)
($6.0B)
($5.5B)
($4.9B)
Accumulated other comprehensive income
$0
$1.2M
$6.8M
$11.3M
Retained earnings
$7.5B
$6.9B
$6.3B
$5.6B
Total stockholders' equity
$2.6B
$2.3B
$2.1B
$2.0B
Total liabilities and stockholders' equity
$10.9B
$9.8B
$9.2B
$8.5B
Tractor Supply Co. balance sheet, quarters
Line item
Jun 27, 2026
Mar 28, 2026
Sep 27, 2025
Jun 28, 2025
Cash and cash equivalents
$231.6M
$224.3M
$184.6M
$225.8M
Inventories
$3.5B
$3.6B
$3.3B
$3.1B
Prepaid expenses and other current assets
$298.5M
$222.4M
$209.7M
$227.6M
Income taxes receivable
$206.0M
$11.3M
$0
$0
Total current assets
$4.3B
$4.0B
$3.6B
$3.5B
Property and equipment, net
$3.2B
$3.1B
$3.0B
$2.9B
Operating lease right-of-use assets
$4.1B
$4.0B
$3.7B
$3.7B
Goodwill and other intangible assets
$506.2M
$398.2M
$399.3M
$399.6M
Other assets
$66.3M
$58.3M
$68.9M
$75.0M
Total assets
$12.2B
$11.7B
$10.9B
$10.6B
Accounts payable
$1.8B
$1.8B
$1.5B
$1.5B
Accrued employee compensation
$74.9M
$21.0M
$56.4M
$72.3M
Other accrued expenses
$878.9M
$674.0M
$734.4M
$614.2M
Current portion of finance lease liabilities
$10.3M
$7.1M
$4.5M
$3.4M
Current portion of operating lease liabilities
$463.6M
$455.2M
$416.9M
$410.2M
Income taxes payable
$1.6M
$12.0M
$40.9M
$143.3M
Total current liabilities
$3.2B
$2.9B
$2.8B
$2.8B
Long-term debt
$2.2B
$2.1B
$1.7B
$1.7B
Finance lease liabilities, less current portion
$42.9M
$35.2M
$28.9M
$26.3M
Operating lease liabilities, less current portion
$3.9B
$3.8B
$3.5B
$3.4B
Deferred Income Tax Liabilities, Net
$100.1M
$113.4M
$53.3M
$19.8M
Other long-term liabilities
$169.3M
$158.8M
$147.0M
$142.3M
Total liabilities
$9.5B
$9.1B
$8.3B
$8.1B
Common stock
$7.1M
$7.1M
$7.1M
$7.1M
Additional paid-in capital
$1.5B
$1.5B
$1.4B
$1.4B
Treasury stock
($6.6B)
($6.5B)
($6.3B)
($6.2B)
Accumulated other comprehensive income
$0
$0
$0
$0
Retained earnings
$7.8B
$7.6B
$7.4B
$7.3B
Total stockholders’ equity
$2.6B
$2.5B
$2.6B
$2.5B
Total liabilities and stockholders’ equity
$12.2B
$11.7B
$10.9B
$10.6B
Cash flow statement
Tractor Supply Co. cash flow statement, fiscal years
Line item
Dec 27, 2025 · FY
Dec 28, 2024 · FY
Dec 30, 2023 · FY
Dec 31, 2022 · FY
Net income
$1.1B
$1.1B
$1.1B
$1.1B
Depreciation and amortization
$494.0M
$447.2M
$393.0M
$343.1M
Gain on disposition of property and equipment
($93.1M)
($62.5M)
($48.0M)
$2.2M
Share-based compensation expense
$57.1M
$48.4M
$57.0M
$53.8M
Deferred income taxes
$61.3M
($22.6M)
$6.2M
$51.7M
Inventories
($225.7M)
($194.3M)
$40.9M
($349.7M)
Prepaid expenses and other current assets
($1.3M)
$11.5M
$22.4M
($64.1M)
Accounts payable
$143.4M
$56.4M
($218.8M)
$162.3M
Accrued employee compensation
$13.7M
$9.4M
($31.5M)
$6.4M
Other accrued expenses
$25.1M
$20.9M
($13.1M)
($13.1M)
Income taxes
($5.9M)
($19.2M)
($11.9M)
$26.6M
Other
$70.6M
$24.5M
$30.7M
$49.1M
Net cash provided by operating activities
$1.6B
$1.4B
$1.3B
$1.4B
Capital expenditures
($894.8M)
($784.0M)
($753.9M)
($773.4M)
Proceeds from sale of property and equipment
$256.1M
$140.1M
$86.5M
$1.0M
Acquisition of Allivet, net of cash acquired
($139.9M)
$0
$0
($390.8M)
Proceeds from sale of business assets
$0
$0
$14.3M
—
Net cash used in investing activities
($778.6M)
($643.9M)
($653.1M)
($1.1B)
Borrowings under debt facilities
$3.1B
$785.0M
$1.8B
$1.0B
Repayments under debt facilities
($3.2B)
($685.0M)
($1.2B)
($832.0M)
Debt discounts and issuance costs
$0
$0
($9.7M)
$0
Principal payments under finance lease liabilities
($2.8M)
($4.8M)
($4.8M)
($4.1M)
Repurchase of shares to satisfy tax obligations
-15.9M
-23.9M
-24.2M
-28.6M
Repurchase of common stock
($361.3M)
($560.6M)
($594.4M)
($700.1M)
Net proceeds from issuance of common stock
23.6M
39.4M
24.4M
25.5M
Cash dividends paid to stockholders
($487.7M)
($472.5M)
($449.6M)
($409.6M)
Net cash used in financing activities
($914.1M)
($922.5M)
($486.4M)
($938.8M)
Net (decrease) increase in cash and cash equivalents
($57.4M)
($145.6M)
$194.6M
($675.5M)
Cash and cash equivalents at beginning of period
$251.5M
$397.1M
$202.5M
$878.0M
Cash and cash equivalents at end of period
$194.1M
—
—
—
Cash paid for interest, net of amounts capitalized
$69.8M
$65.9M
$56.3M
$26.4M
Cash paid for federal income taxes (a)
$198.9M
—
—
—
Cash paid for state income taxes
$36.0M
—
—
—
Non-cash accruals for property and equipment
$122.7M
$82.3M
$60.1M
$45.7M
Increase in operating lease liabilities resulting from new or modified right-of-use assets
$928.1M
$659.0M
$629.0M
$416.5M
Increase in finance lease liabilities resulting from new or modified right-of-use assets
$7.7M
$0
$450.0K
$5.1M
Tractor Supply Co. cash flow statement, quarters
Line item
Jun 27, 2026 · YTD
Mar 28, 2026 · Q1
Sep 27, 2025 · YTD
Jun 28, 2025 · YTD
Net income
$525.2M
$164.5M
$868.7M
$609.4M
Depreciation and amortization
$257.4M
$126.6M
$366.2M
$242.2M
Impairment expense
$62.7M
—
—
—
Gain on disposition of property and equipment
($41.5M)
($22.7M)
($66.0M)
($33.4M)
Share-based compensation expense
$33.2M
$17.6M
$41.3M
$26.0M
Deferred income taxes
($3.0M)
$23.5M
$16.8M
($24.1M)
Inventories
($429.7M)
($499.5M)
($394.4M)
($231.9M)
Prepaid expenses and other current assets
($91.6M)
($20.0M)
($8.4M)
($26.4M)
Accounts payable
$363.4M
$369.6M
$301.8M
$271.7M
Accrued employee compensation
($39.9M)
($93.9M)
($44.7M)
($28.8M)
Other accrued expenses
$178.7M
($11.0M)
$110.0M
($15.9M)
Income taxes
($177.3M)
$27.8M
$57.8M
$160.3M
Other
$15.4M
$8.6M
$61.4M
$53.5M
Net cash provided by operating activities
$653.1M
$91.1M
$1.3B
$1.0B
Capital expenditures
($435.7M)
($202.6M)
($629.2M)
($351.6M)
Proceeds from sale of property and equipment
$69.9M
$31.3M
$92.2M
$42.9M
Acquisition of Allivet, net of cash acquired
($129.8M)
$0
($139.9M)
($139.9M)
Net cash used in investing activities
($495.6M)
($171.3M)
($676.9M)
($448.7M)
Borrowings under debt facilities
$3.0B
$1.5B
$2.2B
$1.3B
Repayments under debt facilities
($2.6B)
($1.1B)
($2.3B)
($1.5B)
Debt issuance costs
($2.5M)
—
—
—
Principal payments under finance lease liabilities
($1.4M)
($717.0K)
($3.0M)
($2.1M)
Repurchase of shares to satisfy tax obligations
-14.4M
-14.1M
-15.7M
-14.5M
Repurchase of common stock
($253.6M)
($118.0M)
($244.0M)
($170.0M)
Net proceeds from issuance of common stock
13.9M
9.6M
18.6M
11.3M
Cash dividends paid to stockholders
($252.0M)
($126.4M)
($366.2M)
($244.4M)
Net cash used in financing activities
($120.0M)
$110.4M
($700.4M)
($579.6M)
Net increase (decrease) in cash and cash equivalents
$37.5M
$30.2M
($66.9M)
($25.7M)
Cash and cash equivalents at beginning of period
$194.1M
$194.1M
$251.5M
$251.5M
Cash and cash equivalents at end of period
$231.6M
$224.3M
$184.6M
$225.8M
Cash paid for federal income taxes (a)
$35.0M
$4.7M
$41.0M
$38.9M
Cash paid for state income taxes
$178.7M
$8.4M
$55.4M
$42.8M
Cash paid for state income taxes
$2.7M
($1.7M)
—
—
Non-cash accruals for property and equipment
$159.6M
$154.8M
$123.6M
$130.8M
Increase in operating lease liabilities resulting from new or modified right-of-use assets
$402.5M
$203.0M
$629.1M
$439.1M
Increase (decrease) in finance lease liabilities resulting from new or modified right-of-use assets