Tractor Supply Company (TSCO)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,101,240 | 1,107,230 | 1,088,710 | 997,114 | 748,958 |
| Revenue | US$ in thousands | 14,883,200 | 14,555,700 | 14,204,700 | 12,731,100 | 10,620,400 |
| Net profit margin | 7.40% | 7.61% | 7.66% | 7.83% | 7.05% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,101,240K ÷ $14,883,200K
= 7.40%
Tractor Supply Company's net profit margin has shown relative stability over the past five years, fluctuating within a narrow range. Starting at 7.05% in December 2020, the net profit margin increased to 7.83% by December 2021, indicating improved profitability. However, there was a slight dip to 7.66% by December 2022, followed by a further decrease to 7.61% by December 2023. The net profit margin then dropped to 7.40% by December 2024, reflecting a downward trend in profitability towards the later years. Overall, while the company has maintained a moderate level of profitability, it is essential for Tractor Supply Company to monitor and manage its costs effectively to sustain and potentially improve its net profit margin in the future.
Peer comparison
Dec 31, 2024