Flagship explainer

How TRACTOR SUPPLY CO /DE/ makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$15.5B · 100%Cost of revenue$9.9B · 64%Gross profit$5.7B · 36%Operating income$1.5B · 9%Income before tax$1.4B · 9%Income tax$302M · 2%Net income$1.1B · 7%As of 2025-12-27 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$15.5B100%
Cost of revenue$9.9B64%
$5.7B36%
$1.5B9%
Income before tax$1.4B9%
Income tax$302M2%
$1.1B7%
Source: · event Dec 27, 2025 · retrieved Oct 15, 2026 · annual-row source set
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