Tractor Supply CoTSCO +1.30%79 Net Margin % is 4.58% as of Mar. 2026, which is 35% below its 10-year median of 7.06. 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. Among 1,128 Retail - Cyclical companies, Tractor Supply Co ranks better than 76.06% on this metric.
The historical rank and industry rank for Tractor Supply Co's Net Margin % or its related term are showing as below:
TSCO'
s Net Margin % Range Over the Past 10 Years
Min: 5.82 Med: 7.06 Max: 7.83
Current: 6.91
TSCO's Net Margin % is ranked better than 76.06% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 2.335
vs TSCO: 6.91
Tractor Supply Co (NAS:TSCO) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Tractor Supply Co Net Margin % Related Terms
Tractor Supply Co Net Margin % Historical Data
* Premium members only.
The historical data trend for Tractor Supply Co's Net Margin % 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.
For the Specialty Retail subindustry, Tractor Supply Co's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tractor Supply Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Tractor Supply Co's Net Margin % falls into.
* 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 (TSCO) has a Net Margin % of 4.58% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Tractor Supply Co and its competitors. This is 35% below median its historical median of 7.06. Over the past decade, Tractor Supply Co's Net Margin % has ranged from 5.82 to 7.83. According to the industry distribution chart, Tractor Supply Co ranks #270 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 23.9%.
Is Tractor Supply Co's Net Margin % too high?
Tractor Supply Co's current Net Margin % of 4.58% is 35% below median its 10-year median of 7.06. Over the past 10 years, this metric has ranged from a low of 5.82 to a high of 7.83. The Retail - Cyclical industry median Net Margin % is 2.34. Tractor Supply Co's value of 4.58% is 96.1% above this industry median. Based on the distribution chart, Tractor Supply Co ranks #270 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. 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 Net Margin % compare to BBY and DKS?
According to the Retail - Cyclical industry distribution chart, Tractor Supply Co ranks #270 out of 1128 companies for Net Margin %. This places Tractor Supply Co in the top 24% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.34. Tractor Supply Co's value of 4.58% is 96.1% above this benchmark. Historically, Tractor Supply Co's own Net Margin % has ranged from 5.82 to 7.83 over the past decade. While the company's 10-year median is 7.06 vs. the industry median of 2.34, Tractor Supply Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.34, based on 1,128 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tractor Supply Co's current Net Margin % of 4.58% is 96.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Tractor Supply Co and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tractor Supply Co's current Net Margin % is 4.58%, which is 35% below median its own 10-year median of 7.06. 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 Net Margin % is 4.58%, which is 35% below median its 10-year median of 7.06 and 96.1% above the Retail - Cyclical industry median of 2.34. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Tractor Supply Co (TSCO), the current Net Margin % is 4.58% 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:
Net Margin %: 4.58% (35% below median its 10-year median of 7.06)
GF Value™: $56.57 vs. price of $30.06 (46.9% below fair value)
Industry Position: 96.1% above the Retail - Cyclical median (#270 of 1128)
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 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
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