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How Tractor Supply (TSCO) makes money
Tractor Supply (TSCO) made $3.9B of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Of every dollar of revenue, 36¢ was left as gross profit, 8¢ was left as operating profit, 6¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $3.9B | 100.0% |
| Cost of revenue | $2.5B | 63.6% |
| Gross profit | $1.4B | 36.4% |
| Operating expenses | $1.1B | 28.6% |
| Operating profit | $308M | 7.9% |
| Income tax | $63.7M | 1.6% |
| Net earnings | $225M | 5.7% |
| Operating cash flow | $229M | 5.9% |
| Free cash flow | $13.6M | 0.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $3.9B | +5% |
| Q2 2026 | $4.5B | +2% |
| Q1 2026 | $3.6B | +4% |
| Q4 2025 | $3.9B | +3% |
| Q3 2025 | $3.7B | +7% |
| Q2 2025 | $4.4B | +4% |
| Q1 2025 | $3.5B | +2% |
From Tractor Supply's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Tractor Supply make money?
Tractor Supply (TSCO) made $3.9B of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Of every dollar of revenue, 36¢ was left as gross profit, 8¢ was left as operating profit, 6¢ was left as net earnings.
What is Tractor Supply's profit margin?
Net earnings were $225M, 5.7% of revenue, in the third quarter 2026; the operating margin was 7.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.