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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. At the end of fiscal 2024, the company operated 2,296 of its namesake banners in 49 states, along with 206 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2023 (most recent data available), revenue consisted primarily of livestock, equine & agriculture (27%), companion animal (25%), and seasonal & recreation (22%).
1982
52K+
LTM Revenue $15.1B
LTM EBITDA $2.0B
$32.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Tractor Supply has a last 12-month revenue of $15.1B and a last 12-month EBITDA of $2.0B.
In the most recent fiscal year, Tractor Supply achieved revenue of $14.9B and an EBITDA of $1.9B.
Tractor Supply expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Tractor Supply valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $14.6B | $14.9B | XXX | XXX | XXX |
| Gross Profit | $5.0B | $5.2B | XXX | XXX | XXX |
| Gross Margin | 34% | 35% | XXX | XXX | XXX |
| EBITDA | $1.9B | $1.9B | XXX | XXX | XXX |
| EBITDA Margin | 13% | 13% | XXX | XXX | XXX |
| Net Profit | $1.1B | $1.1B | XXX | XXX | XXX |
| Net Margin | 7% | 7% | XXX | XXX | XXX |
| Net Debt | $962M | $1.3B | XXX | XXX | XXX |
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As of April 15, 2025, Tractor Supply's stock price is $52.
Tractor Supply has current market cap of $27.7B, and EV of $32.9B.
See Tractor Supply trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $32.9B | $27.7B | XXX | XXX | XXX | XXX | $2.08 |
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Sign UpAs of April 15, 2025, Tractor Supply has market cap of $27.7B and EV of $32.9B.
Tractor Supply's trades at 2.2x LTM EV/Revenue multiple, and 16.8x LTM EBITDA.
Analysts estimate Tractor Supply's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Tractor Supply and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $32.9B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 17.2x | XXX | XXX | XXX |
| P/E | 25.2x | XXX | XXX | XXX |
| P/E/Growth | 3.7x | XXX | XXX | XXX |
| EV/FCF | 51.7x | XXX | XXX | XXX |
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Sign UpTractor Supply's NTM/LTM revenue growth is 6%
Tractor Supply's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Tractor Supply's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Tractor Supply's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Tractor Supply and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 19% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 26% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC | XXX | XXX | XXX | XXX | XXX | XXX |
| Lulu Retail | XXX | XXX | XXX | XXX | XXX | XXX |
| Envela | XXX | XXX | XXX | XXX | XXX | XXX |
| Adairs | XXX | XXX | XXX | XXX | XXX | XXX |
| Eagers Automotive | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Tractor Supply acquired XXX companies to date.
Last acquisition by Tractor Supply was XXXXXXXX, XXXXX XXXXX XXXXXX . Tractor Supply acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Tractor Supply founded? | Tractor Supply was founded in 1982. |
| Where is Tractor Supply headquartered? | Tractor Supply is headquartered in United States of America. |
| How many employees does Tractor Supply have? | As of today, Tractor Supply has 52K+ employees. |
| Who is the CEO of Tractor Supply? | Tractor Supply's CEO is Mr. Harry A. Lawton, III. |
| Is Tractor Supply publicy listed? | Yes, Tractor Supply is a public company listed on NAS. |
| 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? | Similar companies to Tractor Supply include e.g. ADNOC, Lulu Retail, Envela, Adairs. |
| What is the current market cap of Tractor Supply? | Tractor Supply's current market cap is $27.7B |
| What is the current revenue of Tractor Supply? | Tractor Supply's last 12-month revenue is $15.1B. |
| What is the current EBITDA of Tractor Supply? | Tractor Supply's last 12-month EBITDA is $2.0B. |
| What is the current EV/Revenue multiple of Tractor Supply? | Current revenue multiple of Tractor Supply is 2.2x. |
| What is the current EV/EBITDA multiple of Tractor Supply? | Current EBITDA multiple of Tractor Supply is 16.8x. |
| What is the current revenue growth of Tractor Supply? | Tractor Supply revenue growth between 2023 and 2024 was 2%. |
| Is Tractor Supply profitable? | Yes, Tractor Supply is EBITDA-positive (as of the last 12 months). |
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