How Tractor Supply makes money

Period

FY2025

How does Tractor Supply make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Tractor Supply Company · FY2025 · year ended 2025-12-27

Revenue$15.5BGross profit$5.7B · 36%Cost of revenue$9.9B · 64%Operating income$1.5B · 9%Operating expenses$4.2B · 27%SG&A$3.7B · 24%Other opex$494M · 3%Net income$1.1B · 7%Income tax$302M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.

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