Tractor Supply Company (TSCO)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,412,940 | 1,432,400 | 1,404,310 | 1,280,090 | 968,147 |
| Revenue | US$ in thousands | 14,883,200 | 14,555,700 | 14,204,700 | 12,731,100 | 10,620,400 |
| Pretax margin | 9.49% | 9.84% | 9.89% | 10.05% | 9.12% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,412,940K ÷ $14,883,200K
= 9.49%
Tractor Supply Company's pretax margin has shown a slight fluctuation over the past five years. It increased from 9.12% as of December 31, 2020, to 10.05% by December 31, 2021, indicating improved profitability. However, in the following years, the pretax margin slightly decreased to 9.89% by December 31, 2022, 9.84% by December 31, 2023, and further to 9.49% by December 31, 2024.
While the pretax margin is still relatively healthy, the downward trend in recent years may suggest potential challenges in controlling costs or optimizing revenue streams. It is essential for the company to evaluate its operational efficiency and cost management strategies to maintain or improve profitability levels in the future.
Peer comparison
Dec 31, 2024