Tractor Supply Company (TSCO)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,467,530 | 1,478,910 | 1,434,940 | 1,306,700 | 996,928 |
| Revenue | US$ in thousands | 14,883,200 | 14,555,700 | 14,204,700 | 12,731,100 | 10,620,400 |
| Operating profit margin | 9.86% | 10.16% | 10.10% | 10.26% | 9.39% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,467,530K ÷ $14,883,200K
= 9.86%
Tractor Supply Company's operating profit margin has shown a positive trend over the period from December 31, 2020, to December 31, 2024. The company's operating profit margin increased from 9.39% in 2020 to a peak of 10.26% in 2021, indicating improved efficiency in generating operating profits relative to sales. Despite a slight decline to 10.10% in 2022 and a further decrease to 9.86% in 2024, the operating profit margin remained above the initial level, suggesting that Tractor Supply Company has been able to maintain relatively strong profitability levels. Overall, the company has demonstrated an ability to efficiently manage its operating costs and generate profits from its core business operations during the period under review.
Peer comparison
Dec 31, 2024