Tractor Supply Co
Tractor Supply Co returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 27, 2026 | — | 15.99% | — | 73.43% | 16.55% | — |
| FY 2026 Q1 | Mar 28, 2026 | — | 17.58% | — | 82.06% | 17.69% | — |
| FY 2025 Q4 | Dec 27, 2025 | 48.89% | 18.57% | 1.76% | 45.18% | 10.57% | 41.2 pp |
| FY 2025 Q3 | Sep 27, 2025 | — | 19.2% | — | 45.46% | 10.71% | — |
| FY 2025 Q2 | Jun 28, 2025 | — | 19.55% | — | 45.34% | 10.69% | — |
| FY 2025 Q1 | Mar 29, 2025 | — | 19.61% | — | 49.62% | 10.86% | — |
| FY 2024 Q4 | Dec 28, 2024 | 56.18% | 20.25% | 0.23% | 49.83% | 11.6% | 48.5 pp |
| FY 2024 Q3 | Sep 28, 2024 | — | 20.73% | — | 50.58% | 11.73% | — |
| FY 2024 Q2 | Jun 29, 2024 | — | 21.37% | — | 51.28% | 11.97% | — |
| FY 2024 Q1 | Mar 30, 2024 | — | 22.13% | — | 55.58% | 12.2% | — |
| FY 2023 Q4 | Dec 30, 2023 | 58.74% | 22.54% | — | 52.82% | 12.53% | 51 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | 23.68% | — | 55.78% | 13.21% | — |
| FY 2023 Q2 | Jul 1, 2023 | — | 23.66% | — | 55.45% | 13.13% | — |
| FY 2023 Q1 | Apr 1, 2023 | — | 23.95% | — | 58.55% | 13.12% | — |
| FY 2022 Q4 | Dec 31, 2022 | 68.15% | 24.29% | 13.23% | 53.83% | 13.39% | 60.5 pp |
| FY 2022 Q3 | Sep 24, 2022 | — | 23.77% | — | 52.46% | 13.27% | — |
| FY 2022 Q2 | Jun 25, 2022 | — | 24.21% | — | 52.87% | 13.23% | — |
| FY 2022 Q1 | Mar 26, 2022 | — | 24.29% | — | 55.07% | 13.33% | — |
| FY 2021 Q4 | Dec 25, 2021 | 101.44% | 23.74% | 45.46% | 50.79% | 13.46% | 93.7 pp |
| FY 2021 Q3 | Sep 25, 2021 | — | 22.98% | — | 46.79% | 12.48% | — |
| FY 2021 Q2 | Jun 26, 2021 | — | 22.93% | — | 47.76% | 12.28% | — |
| FY 2021 Q1 | Mar 27, 2021 | — | 22.54% | — | 52.81% | 12.67% | — |
| FY 2020 Q4 | Dec 26, 2020 | 65.22% | 21.33% | — | 42.91% | 12.14% | 57.5 pp |
| FY 2020 Q3 | Sep 26, 2020 | 62.84% | 22.52% | — | 44.97% | 12.32% | 55.1 pp |
| FY 2020 Q2 | Jun 27, 2020 | 63.38% | 21.48% | — | 42.51% | 11.55% | 55.7 pp |
| FY 2020 Q1 | Mar 28, 2020 | 45.41% | 17.43% | — | 40.1% | 9.95% | 37.7 pp |
| FY 2019 Q4 | Dec 28, 2019 | 35.46% | 24.02% | 422.86% | 35.95% | 13.43% | 27.8 pp |
| FY 2019 Q3 | Sep 28, 2019 | 36.39% | 22.83% | — | 37.16% | 12.83% | 28.7 pp |
| FY 2019 Q2 | Jun 29, 2019 | 36.69% | 23.49% | 68.55% | 37.25% | 13.12% | 29 pp |
| FY 2019 Q1 | Mar 30, 2019 | 38.57% | 22.48% | 53.62% | 38.43% | 12.44% | 30.9 pp |
| FY 2018 Q4 | Dec 29, 2018 | 35.44% | 33.68% | 69.49% | 35.72% | 17.88% | 27.7 pp |
| FY 2018 Q3 | Sep 29, 2018 | 34.28% | 32.78% | 61.13% | 35.25% | 16.43% | 26.6 pp |
| FY 2018 Q2 | Jun 30, 2018 | 35.18% | 33.87% | 31.02% | 34.45% | 16.33% | 27.5 pp |
| FY 2018 Q1 | Mar 31, 2018 | 33.65% | 31.46% | 38.6% | 32.21% | 14.03% | 26 pp |
| FY 2017 Q4 | Dec 30, 2017 | 30.17% | 35.04% | -15.78% | 29.43% | 15.25% | 22.5 pp |
| FY 2017 Q3 | Sep 30, 2017 | 31.02% | 35.04% | 36.73% | 30.78% | 15.69% | 23.3 pp |
| FY 2017 Q2 | Jul 1, 2017 | — | 35.77% | — | 30.09% | 16.09% | — |
| FY 2017 Q1 | Apr 1, 2017 | — | 34.89% | — | 31.46% | 15.51% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 38.59% | — | 30.71% | 17.33% | — |
| FY 2016 Q3 | Sep 24, 2016 | — | 37.39% | — | 30.35% | 16.75% | — |
| FY 2016 Q2 | Jun 25, 2016 | — | 39.64% | — | 29.33% | 17.45% | — |
| FY 2016 Q1 | Mar 26, 2016 | — | 40.75% | — | 31.49% | 17.19% | — |
| FY 2015 Q4 | Dec 26, 2015 | — | 41.55% | — | 30.55% | 18.63% | — |
| FY 2015 Q3 | Sep 26, 2015 | — | 41.1% | — | 32% | 17.75% | — |
| FY 2015 Q2 | Jun 27, 2015 | — | 43.65% | — | 30.2% | 18.62% | — |
| FY 2015 Q1 | Mar 28, 2015 | — | 41.23% | — | 30.17% | 17.36% | — |
| FY 2014 Q4 | Dec 27, 2014 | — | 42.06% | — | 29.2% | 18.84% | — |
| FY 2014 Q3 | Sep 27, 2014 | — | 39.06% | — | 29.38% | 17.27% | — |
| FY 2014 Q2 | Jun 28, 2014 | — | 40.44% | — | 28.46% | 17.71% | — |
| FY 2014 Q1 | Mar 29, 2014 | — | 39.39% | — | 29.8% | 16.92% | — |
| FY 2013 Q4 | Dec 28, 2013 | — | 40.88% | — | 28.9% | 18.18% | — |
| FY 2013 Q3 | Sep 28, 2013 | — | 39.03% | — | 27.86% | 17.15% | — |
| FY 2013 Q2 | Jun 29, 2013 | — | 38.17% | — | 26.88% | 16.65% | — |
| FY 2013 Q1 | Mar 30, 2013 | — | 36.16% | — | 26.87% | 15.46% | — |
| FY 2012 Q4 | Dec 29, 2012 | — | 38.31% | — | 27.19% | 16.75% | — |
| FY 2012 Q3 | Sep 29, 2012 | — | 38.17% | — | 26.87% | 16.39% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 37.04% | — | 25.92% | 15.74% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 35.38% | — | 24.88% | 14.74% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 32.49% | — | 22.94% | 14.57% | — |
| FY 2011 Q3 | Sep 24, 2011 | — | 32.14% | — | 22.7% | 13.6% | — |
| FY 2011 Q2 | Jun 25, 2011 | — | 30.89% | — | 21.82% | 13.01% | — |
| FY 2011 Q1 | Mar 26, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 25, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 25, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 26, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 19, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · TSCO, USD. Latest completed close Oct 21, 2026. Price data retrieved Oct 22, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.