Company / Gross Margin
Tractor Supply Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
36.4%
FY2025
5-year range
35.0% / 36.4%
FY2021-FY2025
Trend
+0.4%
vs FY2024
Sector context
#56 of 110
Consumer Discretionary
What the data says
At 36.4%, Tractor Supply's gross margin ranks #56 of 110 in the Consumer Discretionary sector. Gross Margin has increased for 3 consecutive years, from 35.0% in FY2022 to 36.4% in FY2025.
Based on SEC 10-K filings.
36.4% in FY2025 with a 5-year CAGR of +1.0%.
Remained stable around 36.4% over the past 2 years.
Consumer Discretionary sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +1.4pp
- 5-Year Change
- +1.0pp
- 10-Year Change
- -
Sector benchmark
In line with sector averageTop 51% of 110This company 36.4% Sector average 36.2%
▼
In line with sector average
Key checks
Key Insights
- Tractor Supply's gross margin has grown for 3 consecutive years.
- In FY2025, gross margin increased 0.4% year-over-year.
- Currently 0.2pp above the Consumer Discretionary sector average.
- Lowest gross margin in the period was in FY2018.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 43.0%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 36.4% | +0.4% |
| FY2024 | 36.3% | +0.9% |
| FY2023 | 35.9% | +2.6% |
| FY2022 | 35.0% | -0.5% |
| FY2021 | 35.2% | -0.7% |
| FY2020 | 35.4% | +3.0% |
| FY2019 | 34.4% | +0.6% |
| FY2018 | 34.2% | -0.5% |
| FY2017 | 34.3% | +0.1% |
| FY2016 | 34.3% | -0.3% |
As of FY2025 · SEC 10-K · Updated Mar 17, 2026