Tractor Supply Company (TSCO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,478,910 | 1,434,940 | 1,306,700 | 996,928 | 743,220 |
| Revenue | US$ in thousands | 14,555,700 | 14,204,700 | 12,731,100 | 10,620,400 | 8,351,930 |
| Operating profit margin | 10.16% | 10.10% | 10.26% | 9.39% | 8.90% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,478,910K ÷ $14,555,700K
= 10.16%
Tractor Supply Company's operating profit margin has shown a generally positive trend over the past five years, with slight fluctuations. The operating profit margin increased from 8.90% in 2019 to 10.16% in 2023. This indicates that the company has been effective in managing its operating costs and generating profits from its core business activities. Despite some variability, the operating profit margin has remained relatively stable around the 10% mark in recent years, reflecting consistent operational efficiency and profitability. Overall, the trend suggests that Tractor Supply Company has been successful in maintaining healthy margins and maximizing profitability from its operations.
Peer comparison
Dec 31, 2023