Filing Flows › Tractor Supply (TSCO) › Q2 2025
Tractor Supply (TSCO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Tractor Supply (TSCO) reported revenue of $4.4B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +28% from the quarter before. Operating margin was 13.0%, net earnings $430M (9.7% of revenue).
Tractor Supply, Q2 2025: revenue $4.4B (+4% year over year), operating margin 13.0%, net earnings $430M, operating cash flow $786M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4B | +28% | +5% |
| Gross profit | $1.6B | +31% | +5% |
| Operating profit | $578M | +132% | +3% |
| Net earnings | $430M | +140% | +1% |
| Operating cash flow | $786M | +262% | +40% |
| Free cash flow | $575M | +662% | +57% |
What changed
Revenue was $4.4B in Q2 2025, up 5% year over year and up 28% from the previous quarter.
Gross margin was 36.9%, up 0.3 points from a year earlier. Operating profit was $0.58B, a 13.0% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, below the 13% margin then. Operating expenses grew 7% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $0.43B, up 1% year over year. The effective tax rate was 23.2%.
Operating cash flow was $0.79B (up 40% year over year), 183% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.22B. Capital expenditures of $0.21B left free cash flow of $0.58B.
Questions
What was Tractor Supply's revenue in the second quarter 2025?
Tractor Supply (TSCO) reported revenue of $4.4B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +28% from the quarter before.
Was Tractor Supply profitable in the second quarter 2025?
Operating profit was $578M (13.0% of revenue) and net earnings $430M.
Source: Tractor Supply 10-Q on SEC EDGAR.