Tractor Supply (TSCO) FY2024 results: revenue $14.9 billion, up 2.2% on the year
Tractor Supply Co. (TSCO) reported revenue of $14.9 billion for fiscal 2024, the year ended 28 December 2024, up 2.2% on the year before. Net income was $1.1 billion, down 0.5%, and diluted earnings per share $2.04. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$14.9 billion
+2.2% on the year
FY2017FY2024
Operating margin
9.9%
10.2% a year earlier
FY2017FY2024
Net income
$1.1 billion
-0.5% on the year
FY2017FY2024
Diluted EPS
$2.04
+1.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,421
1,334
1,357
+6.5%
Capital expenditure
784
754
773
+4.0%
Free cash flow
637
580
584
+9.8%
Free cash flow margin
4.3%
4.0%
4.1%
Cash from investing
-644
-653
-1,094
Cash from financing
-922
-486
-939
Depreciation and amortisation
447
393
343
+13.8%
Share-based compensation
48.4
57.0
53.8
-15.2%
Buybacks
561
594
700
-5.7%
Dividends paid
472
450
410
+5.1%
Dividend per share
$0.88
$0.82
$0.74
+6.8%
Diluted shares, weighted
540m
549m
561m
-1.7%
Shares outstanding at period end
532m
540m
551m
-1.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,270
2,150
2,042
+5.6%
Debt
1,832
1,729
1,164
+6.0%
Operating lease liabilities
3,164
2,903
2,722
+9.0%
Finance lease liabilities
28.0
31.4
34.7
-10.8%
Other liabilities
2,511
2,375
2,527
+5.7%
Total liabilities and equity
9,805
9,188
8,490
+6.7%
Fixed assets
2,727
2,437
2,084
+11.9%
Goodwill
246
246
230
0.0%
Intangible assets
23.1
23.1
23.1
0.0%
Cash and equivalents
251
397
203
-36.7%
Inventory
2,840
2,646
2,710
+7.3%
Other assets
3,717
3,439
3,241
+8.1%
Total assets
9,805
9,188
8,490
+6.7%
10-K for the year ended 28 December 2024, filed 20 February 2025: the filing.