Tractor Supply CoBSP:T1SC34 -0.22%80 Pretax Margin % is 5.97% as of Mar. 2026, which is 36% below its 10-year median of 9.38. GuruFocus rates BSP:T1SC34 with a GF Score™ of 80/100 and a GF Value™ of R$16.28 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,124 Retail - Cyclical companies, Tractor Supply Co ranks better than 74.38% on this metric.
The historical rank and industry rank for Tractor Supply Co's Pretax Margin % or its related term are showing as below:
BSP:T1SC34'
s Pretax Margin % Range Over the Past 10 Years
Min: 8.64 Med: 9.38 Max: 10.15
Current: 8.84
BSP:T1SC34's Pretax Margin % is ranked better than 74.38% of 1124
companies
in the Retail - Cyclical industry
Industry Median: 3.17
vs BSP:T1SC34: 8.84
Tractor Supply Co (BSP:T1SC34) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Tractor Supply Co Pretax Margin % Related Terms
Tractor Supply Co Pretax Margin % Historical Data
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The historical data trend for Tractor Supply Co's Pretax 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.
BSP:T1SC34 vs BBY, ULTA, DKS: Pretax Margin % Comparison
For the Specialty Retail subindustry, Tractor Supply Co's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tractor Supply Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Tractor Supply Co's Pretax 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 (BSP:T1SC34) has a Pretax Margin % of 5.97% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Tractor Supply Co and its competitors. This is 36% below median its historical median of 9.38. Over the past decade, Tractor Supply Co's Pretax Margin % has ranged from 8.64 to 10.15. According to the industry distribution chart, Tractor Supply Co ranks #288 out of 1124 companies in the Retail - Cyclical industry, placing it in the top 25.6%.
Is Tractor Supply Co's Pretax Margin % too high?
Tractor Supply Co's current Pretax Margin % of 5.97% is 36% below median its 10-year median of 9.38. Over the past 10 years, this metric has ranged from a low of 8.64 to a high of 10.15. The Retail - Cyclical industry median Pretax Margin % is 3.17. Tractor Supply Co's value of 5.97% is 88.3% above this industry median. Based on the distribution chart, Tractor Supply Co ranks #288 out of 1124 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Tractor Supply Co has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tractor Supply Co's Pretax Margin % compare to BBY and ULTA?
According to the Retail - Cyclical industry distribution chart, Tractor Supply Co ranks #288 out of 1124 companies for Pretax Margin %. This puts Tractor Supply Co in the upper half of its industry. The industry median Pretax Margin % is 3.17. Tractor Supply Co's value of 5.97% is 88.3% above this benchmark. Historically, Tractor Supply Co's own Pretax Margin % has ranged from 8.64 to 10.15 over the past decade. While the company's 10-year median is 9.38 vs. the industry median of 3.17, 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 Pretax Margin % for a Retail - Cyclical company?
The median Pretax Margin % among Retail - Cyclical companies is 3.17, based on 1,124 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tractor Supply Co's current Pretax Margin % of 5.97% is 88.3% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Tractor Supply Co and its competitors. For the Retail - Cyclical industry, the median Pretax Margin % is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tractor Supply Co's current Pretax Margin % is 5.97%, which is 36% below median its own 10-year median of 9.38. 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 (BSP:T1SC34) is currently considered Significantly Undervalued. The stock's GF Value™ is R$16.28, compared to a current price of R$9.09 — trading 44.2% below its estimated fair value. The current Pretax Margin % is 5.97%, which is 36% below median its 10-year median of 9.38 and 88.3% above the Retail - Cyclical industry median of 3.17. Tractor Supply Co's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Tractor Supply Co (BSP:T1SC34), the current Pretax Margin % is 5.97% 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 (BSP:T1SC34) Overvalued in 2026?
Based on GuruFocus' analysis, Tractor Supply Co stock appears to be undervalued.
The current stock price of R$9.09 is trading 44.2% below its estimated GF Value™ of R$16.28.
GuruFocus considers Tractor Supply Co to be Significantly Undervalued.
Key valuation signals for BSP:T1SC34:
Pretax Margin %: 5.97% (36% below median its 10-year median of 9.38)
GF Value™: R$16.28 vs. price of R$9.09 (44.2% below fair value)
Industry Position: 88.3% above the Retail - Cyclical median (#288 of 1124)
No single metric tells the full story. See the BSP:T1SC34 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%).
80GF Score
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