Tractor Supply Company (TSCO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,107,230 | 1,088,710 | 997,114 | 748,958 | 562,354 |
| Revenue | US$ in thousands | 14,555,700 | 14,204,700 | 12,731,100 | 10,620,400 | 8,351,930 |
| Net profit margin | 7.61% | 7.66% | 7.83% | 7.05% | 6.73% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,107,230K ÷ $14,555,700K
= 7.61%
Tractor Supply Company's net profit margin has shown a relatively stable trend over the past five years, ranging between 6.73% and 7.83%. The company's ability to convert revenue into profit has been consistently positive, with the highest net profit margin of 7.83% achieved in December 2021. Despite a slight decrease in the most recent year to 7.61%, the margins remain healthy overall. This indicates that Tractor Supply Company is efficiently managing its costs and generating profitability from its operations. The consistency in the net profit margin figures suggests that the company has maintained a balanced approach to revenue generation and cost control over the years.
Peer comparison
Dec 31, 2023