Filing Flows › Tractor Supply (TSCO) › Q3 2025
Tractor Supply (TSCO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Tractor Supply (TSCO) reported revenue of $3.7B for the third quarter 2025 (Q3 2025), +7% from a year earlier and -16% from the quarter before. Operating margin was 9.2%, net earnings $259M (7.0% of revenue).
Tractor Supply, Q3 2025: revenue $3.7B (+7% year over year), operating margin 9.2%, net earnings $259M, operating cash flow $308M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | -16% | +7% |
| Gross profit | $1.4B | -15% | +8% |
| Operating profit | $343M | -41% | +6% |
| Net earnings | $259M | -40% | +7% |
| Operating cash flow | $308M | -61% | +257% |
| Free cash flow | $30.3M | -95% | — |
What changed
Revenue was $3.7B in Q3 2025, up 7% year over year and down 16% from the previous quarter.
Gross margin was 37.4%, up 0.1 points from a year earlier. Operating profit was $0.34B, a 9.2% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, below the 9% margin then. Operating expenses grew 8% against revenue growth of 7%. Net earnings were $0.26B, up 7% year over year. The effective tax rate was 21.0%.
Operating cash flow was $0.31B (up 257% year over year), 119% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.28B left free cash flow of $0.03B.
Questions
What was Tractor Supply's revenue in the third quarter 2025?
Tractor Supply (TSCO) reported revenue of $3.7B for the third quarter 2025 (Q3 2025), +7% from a year earlier and -16% from the quarter before.
Was Tractor Supply profitable in the third quarter 2025?
Operating profit was $343M (9.2% of revenue) and net earnings $259M.
Source: Tractor Supply 10-Q on SEC EDGAR.