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Tractor Supply Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tractor Supply and similar public comparables like Williams Sonoma, Ulta Beauty, Asian Paints, Burlington Stores and more.
Tractor Supply Overview
About Tractor Supply
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. Currently, the company operates 2,395 of its namesake banners in 49 states, along with 207 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities rather than urban and suburban areas. In fiscal 2025, revenue consisted primarily of livestock, equine & agriculture (around 30%), companion animal (25%), and seasonal & recreation (around 25%).
Founded
1982
HQ
Employees
52.0K
Website
Sectors
Financials (LTM)
EV
$29B
Tractor Supply Financials
Tractor Supply reported last 12-month revenue of $16B and EBITDA of $2B.
In the same LTM period, Tractor Supply generated $6B in gross profit, $2B in EBITDA, and $1B in net income.
Revenue (LTM)
Tractor Supply P&L
In the most recent fiscal year, Tractor Supply reported revenue of $16B and EBITDA of $2B.
Tractor Supply expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $16B | XXX | $16B | XXX | XXX | XXX |
| Gross Profit | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 37% | XXX | 36% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tractor Supply Stock Performance
Tractor Supply has current market cap of $24B, and enterprise value of $29B.
Market Cap Evolution
Tractor Supply's stock price is $45.01.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $29B | $24B | 0.0% | XXX | XXX | XXX | $2.08 |
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Start Free TrialTractor Supply Valuation Multiples
Tractor Supply trades at 1.9x EV/Revenue multiple, and 14.7x EV/EBITDA.
EV / Revenue (LTM)
Tractor Supply Financial Valuation Multiples
As of April 19, 2026, Tractor Supply has market cap of $24B and EV of $29B.
Equity research analysts estimate Tractor Supply's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tractor Supply has a P/E ratio of 21.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $24B | XXX | $24B | XXX | XXX | XXX |
| EV (current) | $29B | XXX | $29B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 14.7x | XXX | 14.9x | XXX | XXX | XXX |
| EV/EBIT | 19.8x | XXX | 20.1x | XXX | XXX | XXX |
| EV/Gross Profit | 5.1x | XXX | 5.2x | XXX | XXX | XXX |
| P/E | 21.3x | XXX | 21.6x | XXX | XXX | XXX |
| EV/FCF | 37.7x | XXX | 39.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tractor Supply Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Tractor Supply Margins & Growth Rates
Tractor Supply's revenue in the last 12 month grew by 5%.
Tractor Supply's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Tractor Supply's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tractor Supply's rule of X is 26% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Tractor Supply Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 26% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 24% | XXX | 24% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 27% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tractor Supply Public Comps
See public comps and valuation multiples for other Specialty Stores comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Tractor Supply | XXX | XXX | XXX | XXX | XXX | XXX |
| Williams Sonoma | XXX | XXX | XXX | XXX | XXX | XXX |
| Ulta Beauty | XXX | XXX | XXX | XXX | XXX | XXX |
| Asian Paints | XXX | XXX | XXX | XXX | XXX | XXX |
| Burlington Stores | XXX | XXX | XXX | XXX | XXX | XXX |
| China Tourism Group Duty | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tractor Supply M&A Activity
Tractor Supply acquired XXX companies to date.
Last acquisition by Tractor Supply was on XXXXXXXX, XXXXX. Tractor Supply acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tractor Supply
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTractor Supply Investment Activity
Tractor Supply invested in XXX companies to date.
Tractor Supply made its latest investment on XXXXXXXX, XXXXX. Tractor Supply invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tractor Supply
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Tractor Supply
| When was Tractor Supply founded? | Tractor Supply was founded in 1982. |
| Where is Tractor Supply headquartered? | Tractor Supply is headquartered in United States. |
| How many employees does Tractor Supply have? | As of today, Tractor Supply has over 52K employees. |
| Who is the CEO of Tractor Supply? | Tractor Supply's CEO is Harry A. Lawton. |
| Is Tractor Supply publicly listed? | Yes, Tractor Supply is a public company listed on Nasdaq. |
| What is the stock symbol of Tractor Supply? | Tractor Supply trades under TSCO ticker. |
| When did Tractor Supply go public? | Tractor Supply went public in 1994. |
| Who are competitors of Tractor Supply? | Tractor Supply main competitors are Williams Sonoma, Ulta Beauty, Asian Paints, Burlington Stores. |
| What is the current market cap of Tractor Supply? | Tractor Supply's current market cap is $24B. |
| What is the current revenue of Tractor Supply? | Tractor Supply's last 12 months revenue is $16B. |
| What is the current revenue growth of Tractor Supply? | Tractor Supply revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Tractor Supply? | Current revenue multiple of Tractor Supply is 1.9x. |
| Is Tractor Supply profitable? | Yes, Tractor Supply is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tractor Supply? | Tractor Supply's last 12 months EBITDA is $2B. |
| What is Tractor Supply's EBITDA margin? | Tractor Supply's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Tractor Supply? | Current EBITDA multiple of Tractor Supply is 14.7x. |
| What is the current FCF of Tractor Supply? | Tractor Supply's last 12 months FCF is $780M. |
| What is Tractor Supply's FCF margin? | Tractor Supply's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Tractor Supply? | Current FCF multiple of Tractor Supply is 37.7x. |
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