TSCO (Tractor Supply Co) EBIT: $1,452 Mil (TTM As of Mar. 2026)


TSCO Tractor Supply Co TSCO
79 GF Score
Price $30.06
GF Value $56.57
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Tractor Supply Co EBIT?

Tractor Supply Co TSCO +1.30% 79 EBIT is $1,452 Mil as of Mar. 2026. GuruFocus rates TSCO with a GF Score™ of 79/100 and a GF Value™ of $56.57 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Tractor Supply Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $233 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1,452 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tractor Supply Co's annualized ROC % for the quarter that ended in Mar. 2026 was 8.10%. Tractor Supply Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tractor Supply Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.61%.


Tractor Supply Co  (NAS:TSCO) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Tractor Supply Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=933.724 * ( 1 - 23.24% )/( (8695.255 + 8991.371)/ 2 )
=716.7265424/8843.313
=8.10 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10933.679 - 2044.315 - ( 194.109 - max(0, 2614.449 - 3507.797+194.109))
=8695.255

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=11662.097 - 2446.457 - ( 224.269 - max(0, 2929.721 - 4041.596+224.269))
=8991.371

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Tractor Supply Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=933.724/( ( (6964.971 + max(1127.487, 0)) + (7164.018 + max(1338.607, 0)) )/ 2 )
=933.724/( ( 8092.458 + 8502.625 )/ 2 )
=933.724/8297.5415
=11.25 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 3084.086 + 202.557) - (2044.315 + 0 + 114.841)
=1127.487

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 3583.601 + 222.44) - (2446.457 + 0 + 20.977)
=1338.607

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Tractor Supply Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1451.683/21954.682
=6.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tractor Supply Co EBIT Related Terms


Tractor Supply Co EBIT Historical Data

* Premium members only.

The historical data trend for Tractor Supply Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tractor Supply Co EBIT Chart

Tractor Supply Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,306.70 1,434.94 1,478.91 1,467.53 1,467.39

Tractor Supply Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 249.14 577.81 342.71 297.73 233.43

TSCO vs BBY, DKS, FIVE: EBIT Comparison

For the Specialty Retail subindustry, Tractor Supply Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tractor Supply Co EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tractor Supply Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tractor Supply Co's EV-to-EBIT falls into.


TSCO
79GF Score
Tractor Supply Co TSCO
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Tractor Supply Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,452 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $1,452 Mil mean?
Tractor Supply Co (TSCO) has a EBIT of $1,452 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tractor Supply Co.
Is Tractor Supply Co's EBIT too high?
Tractor Supply Co's current EBIT is $1,452 Mil. Overall, Tractor Supply Co has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tractor Supply Co's EBIT compare to BBY and DKS?
Tractor Supply Co's EBIT of $1,452 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tractor Supply Co. Tractor Supply Co's current EBIT is $1,452 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tractor Supply Co stock overvalued right now?
Based on GuruFocus' analysis, Tractor Supply Co (TSCO) is currently considered Significantly Undervalued. The stock's GF Value™ is $56.57, compared to a current price of $30.06 — trading 46.9% below its estimated fair value. The current EBIT is $1,452 Mil. Tractor Supply Co's overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Tractor Supply Co (TSCO), the current EBIT is $1,452 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tractor Supply Co (TSCO) Overvalued in 2026?

Based on GuruFocus' analysis, Tractor Supply Co stock appears to be undervalued. The current stock price of $30.06 is trading 46.9% below its estimated GF Value™ of $56.57. GuruFocus considers Tractor Supply Co to be Significantly Undervalued.

Key valuation signals for TSCO:

  • EBIT: $1,452 Mil
  • GF Value™: $56.57 vs. price of $30.06 (46.9% below fair value)
  • GF Score™: 79/100 with 4 warning signs

No single metric tells the full story. See the TSCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tractor Supply Co Business Description

Address 5401 Virginia Way, Brentwood, TN, USA, 37027
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. As of March 2026, the company operated 2,435 of its namesake banners in 49 states, along with 206 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities rather than urban and suburban areas. In fiscal 2025, revenue consisted of livestock, equine & agriculture (around 27%); companion animal (24%); seasonal & recreation (around 24%); truck, tool, & hardware (15%); and clothing, gift, and décor (10%).
79GF Score

Get the complete analysis for TSCO

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$30.06
Price
$56.57
GF Value