Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $7.26B | $7.91B | $8.35B | $10.6B | $12.7B | $14.2B | $14.6B | $14.9B | $15.5B |
| Revenue growth | — | — | 9.0% | 5.6% | 27.2% | 19.9% | 11.6% | 2.5% | 2.2% | 4.3% |
| Gross profit | $2.33B | $2.49B | $2.70B | $2.87B | $3.76B | $4.48B | $4.97B | $5.23B | $5.40B | $5.65B |
| Gross margin | — | 34.3% | 34.2% | 34.4% | 35.4% | 35.2% | 35.0% | 35.9% | 36.3% | 36.4% |
| Operating income | $694M | $686M | $702M | $743M | $997M | $1.31B | $1.43B | $1.48B | $1.47B | $1.47B |
| Operating margin | — | 9.5% | 8.9% | 8.9% | 9.4% | 10.3% | 10.1% | 10.2% | 9.9% | 9.5% |
| Net income | $437M | $423M | $532M | $562M | $749M | $997M | $1.09B | $1.11B | $1.10B | $1.10B |
| Net margin | — | 5.8% | 6.7% | 6.7% | 7.1% | 7.8% | 7.7% | 7.6% | 7.4% | 7.1% |
| EPS (diluted) | $3.27 | $3.30 | $4.31 | $4.66 | $6.38 | $8.61 | $1.94 | $2.02 | $2.04 | $2.06 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $651M | $631M | $694M | $812M | $1.39B | $1.14B | $1.36B | $1.33B | $1.42B | $1.64B |
| Capital expenditures | $226M | $250M | $279M | $217M | $294M | $628M | $773M | $754M | $784M | $895M |
| Free cash flow | $425M | $381M | $416M | $594M | $1.10B | $510M | $584M | $580M | $637M | $740M |
| Share buybacks | $332M | $369M | $350M | $533M | $343M | $799M | $700M | $594M | $561M | $361M |
| Dividends paid | $122M | $134M | $147M | $163M | $175M | $239M | $410M | $450M | $472M | $488M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $53.9M | $109M | $86.3M | $84.2M | $1.34B | $878M | $203M | $397M | $251M | $194M |
| Total assets | $2.67B | $2.87B | $3.09B | $5.29B | $7.05B | $7.77B | $8.49B | $9.19B | $9.81B | $10.9B |
| Total liabilities | $1.22B | $1.45B | $1.52B | $3.72B | $5.13B | $5.76B | $6.45B | $7.04B | $7.54B | $8.35B |
| Long-term debt | $264M | $401M | $381M | $366M | $984M | $986M | $1.16B | $1.73B | $1.83B | $1.76B |
| Shareholders' equity | $1.45B | $1.42B | $1.56B | $1.57B | $1.92B | $2.00B | $2.04B | $2.15B | $2.27B | $2.58B |
| Retained earnings | $2.54B | $2.83B | $3.21B | $3.61B | $4.19B | $4.95B | $5.62B | $6.28B | $6.91B | $7.52B |
| Shares (wtd avg diluted) | 134M | 128M | 123M | 121M | 117M | 116M | 561M | 549M | 540M | 532M |
Every figure is extracted from TRACTOR SUPPLY CO /DE/’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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