Filing Flows › Tractor Supply (TSCO) › Q4 2025
Tractor Supply (TSCO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Tractor Supply (TSCO) reported revenue of $3.9B for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +5% from the quarter before. Operating margin was 7.6%, net earnings $227M (5.8% of revenue).
Tractor Supply, Q4 2025: revenue $3.9B (+3% year over year), operating margin 7.6%, net earnings $227M, operating cash flow $325M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | +5% | +3% |
| Gross profit | $1.4B | -1% | +3% |
| Operating profit | $298M | -13% | -6% |
| Net earnings | $227M | -12% | -4% |
| Operating cash flow | $325M | +6% | -37% |
| Free cash flow | $59.3M | +96% | -78% |
What changed
Revenue was $3.9B in Q4 2025, up 3% year over year and up 5% from the previous quarter.
Gross margin was 35.1%, down 0.1 points from a year earlier. Operating profit was $0.30B, a 7.6% margin (down 0.8 points year over year). Operating profit fell $0.02B even though revenue rose $0.12B versus a year earlier, so costs grew faster than sales. Operating expenses grew 6% against revenue growth of 3%. Net earnings were $0.23B, down 4% year over year. The effective tax rate was 19.0%.
Operating cash flow was $0.32B (down 37% year over year), 143% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.27B left free cash flow of $0.06B.
Questions
What was Tractor Supply's revenue in the fourth quarter 2025?
Tractor Supply (TSCO) reported revenue of $3.9B for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +5% from the quarter before.
Was Tractor Supply profitable in the fourth quarter 2025?
Operating profit was $298M (7.6% of revenue) and net earnings $227M.
Source: Tractor Supply 10-K on SEC EDGAR.