Tractor Supply Company (TSCO)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,467,531 | 1,483,417 | 1,499,723 | 1,497,597 | 1,478,912 | 1,503,887 | 1,469,394 | 1,435,097 | 1,434,943 | 1,368,787 | 1,359,600 | 1,320,448 | 1,306,698 | 1,198,111 | 1,153,063 | 1,114,926 | 996,928 | 1,002,899 | 912,539 | 752,350 |
| Revenue (ttm) | US$ in thousands | 14,883,220 | 14,769,530 | 14,713,270 | 14,651,350 | 14,555,740 | 14,902,280 | 14,761,100 | 14,479,810 | 14,204,720 | 13,517,620 | 13,264,750 | 12,962,900 | 12,731,110 | 12,290,090 | 11,878,730 | 11,453,500 | 10,620,350 | 9,933,870 | 9,311,440 | 8,488,890 |
| Operating profit margin | 9.86% | 10.04% | 10.19% | 10.22% | 10.16% | 10.09% | 9.95% | 9.91% | 10.10% | 10.13% | 10.25% | 10.19% | 10.26% | 9.75% | 9.71% | 9.73% | 9.39% | 10.10% | 9.80% | 8.86% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,467,531K ÷ $14,883,220K
= 9.86%
Tractor Supply Company's operating profit margin has shown a fluctuating trend over the years from 2020 to 2024. The margin increased from 8.86% in March 2020 to a peak of 10.26% in December 2021, indicating an improvement in efficiency and profitability. However, there were some fluctuations in the following periods, with a slight decline in the margin towards the end of 2024 to 9.86%.
Overall, Tractor Supply Company has maintained a relatively healthy operating profit margin above 9% throughout the period under review. This indicates that the company has been able to effectively manage its operating expenses in relation to its revenue generation. Investors and analysts may view this as a positive sign of the company's operational efficiency and profitability. Monitoring the trend of the operating profit margin can provide insights into the company's performance and help in making informed investment decisions.
Peer comparison
Dec 31, 2024