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 | — | — | — | — | — | — |
| FY 2019 Q3 | Sep 28, 2019 | — | — | — | — | — | — |
| FY 2019 Q2 | Jun 29, 2019 | — | — | — | — | — | — |
| FY 2019 Q1 | Mar 30, 2019 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 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 Sep 25, 2026. Price data retrieved Sep 28, 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.