Tractor Supply Company (TSCO)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,432,402 | 1,459,084 | 1,427,904 | 1,398,853 | 1,404,310 | 1,341,853 | 1,332,746 | 1,293,990 | 1,280,088 | 1,169,957 | 1,123,847 | 1,083,973 | 968,147 | 977,367 | 889,315 | 732,388 | 723,377 | 713,712 | 705,483 | 691,582 |
| Revenue (ttm) | US$ in thousands | 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 | 20,032,230 | 19,620,870 | 19,195,640 | 18,362,490 | 9,933,870 | 9,311,440 | 8,488,890 | 8,351,920 | 8,293,410 | 8,190,890 | 8,050,360 |
| Pretax margin | 9.84% | 9.79% | 9.67% | 9.66% | 9.89% | 9.93% | 10.05% | 9.98% | 10.05% | 5.84% | 5.73% | 5.65% | 5.27% | 9.84% | 9.55% | 8.63% | 8.66% | 8.61% | 8.61% | 8.59% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,432,402K ÷ $14,555,740K
= 9.84%
Tractor Supply Company's pretax margin has shown some fluctuations over the past few quarters, ranging from a low of 5.27% in March 2021 to a high of 10.05% in both June 2022 and December 2021. The company's pretax margin for the most recent quarter, December 2023, stands at 9.84%.
Overall, the pretax margin for Tractor Supply Company has generally been above 8%, indicating a consistent ability to generate profits before taxes relative to its total revenue. The slight fluctuations in the pretax margin could be influenced by factors such as changes in operating expenses, marketing strategies, or economic conditions impacting sales.
It is worth noting that the company has managed to maintain a relatively stable pretax margin above 9% in recent quarters, reflecting its efficiency in managing costs and generating profits. However, investors should continue to monitor the trend in the pretax margin to assess the company's operational performance and profitability sustainability over time.
Peer comparison
Dec 31, 2023