Tractor Supply Company (TSCO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,412,939 | 1,434,080 | 1,454,722 | 1,451,865 | 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 |
| 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 |
| Pretax margin | 9.49% | 9.71% | 9.89% | 9.91% | 9.84% | 9.79% | 9.67% | 9.66% | 9.89% | 9.93% | 10.05% | 9.98% | 10.05% | 9.52% | 9.46% | 9.46% | 9.12% | 9.84% | 9.55% | 8.63% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,412,939K ÷ $14,883,220K
= 9.49%
The pretax margin of Tractor Supply Company has shown variations over the period from March 31, 2020, to December 31, 2024. The company's pretax margin started at 8.63% in March 2020 and increased gradually, reaching a peak of 10.05% in December 2021. This upward trend suggests an improvement in the company's ability to generate profits before accounting for taxes.
However, the pretax margin saw a slight decline in the following quarters, fluctuating between 9.46% to 9.93% up to September 2022. The margin remained relatively stable around the 9.7% range from September 2023 to December 2024. These fluctuations indicate some level of volatility in the company's profitability performance.
Overall, Tractor Supply Company has maintained an average pretax margin of approximately 9.5% to 9.9% during the analyzed period, showcasing its ability to efficiently manage costs and generate profits before tax expenses. It is important for the company to continue monitoring and managing its pretax margin to ensure sustained profitability and financial health.
Peer comparison
Dec 31, 2024