Tractor Supply Company
- Industry
- Retail
- Exchange
- US
- Country
- USA
- IPO date
- Feb 17, 1994
- Employees
- 26,000
- Website
- www.tractorsupply.com
Composite valuation range · conservative $27–$30 / fair $35–$43 / optimistic $50–$60. At $31.8, Between the conservative and fair ranges.
At publication $31.53 (May 30, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company provides various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; companion animal products, such as food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise. It offers its products under the 4health, Paws & Claws, American Farmworks, Producer's Pride, Bit & Bridle, Red Shed, Blue Mountain, Redstone, C.E. Schmidt, Retriever, Country Lane, Ridgecut, Countyline, Royal Wing, Country Tuff, Strive, Dumor, Traveller, Farm Table, Treeline, Groundwork, TSC Tractor Supply Co, Huskee, Untamed, JobSmart, and Impeckable brand names. The company operates its retail stores under the Tractor Supply Company, Petsense by Tractor Supply, and Orscheln Farm and Home names; and operates websites under the TractorSupply.com and Petsense.com names. It sells its products to recreational farmers, ranchers, and others. Tractor Supply Company was founded in 1938 and is based in Brentwood, Tennessee.
History
Tractor Supply Company was founded in 1938 and is based in Brentwood, Tennessee, where it operates as a rural lifestyle retailer in the United States. The company went public on February 17, 1994, and by fiscal year 2025 had grown to roughly 52,000 employees. It has expanded through company-relevant acquisitions, adding the Orscheln Farm and Home store banner and, in 2024, acquiring Allivet to strengthen its pet and animal pharmacy business. The company today operates two store systems, Tractor Supply and Petsense by Tractor Supply, alongside the Orscheln Farm and Home banner, and runs the TractorSupply.com and Petsense.com websites; it reports a single segment supporting its "Out Here" rural lifestyle retail business. The store base reached 2,602 locations at the end of fiscal 2025 (2,395 Tractor Supply and 207 Petsense), and by the end of the first quarter of 2026 had 2,435 Tractor Supply stores and 206 Petsense stores. Net sales grew from $8.352 billion in 2019 to $15.524 billion in 2025, up 4.3% year over year, with first-quarter 2026 net sales rising 3.6%. The company completed a 5-for-1 stock split in 2024 and has raised its dividend for 15 consecutive years.
Industry position
Tractor Supply is the largest rural lifestyle retailer in the United States, serving recreational farmers, ranchers, homesteaders, and animal and pet owners largely in rural and suburban-fringe communities. It sells across five merchandise categories, with 2025 revenue contributions of roughly 27% livestock/equine and agriculture, 24% companion animal, 24% seasonal and recreation, 15% truck/tool/hardware, and 10% clothing/gift/décor, and emphasizes consumable, usable, and edible ("C.U.E.") products such as feed, pet food, bird food, lubricants, propane, and fertilizer. In its 2026 proxy statement the company stated its total addressable market had expanded to about $225 billion, and 2025 management materials raised its long-term Tractor Supply store target to 3,200 locations. The company defines its competitors as general merchandise retailers, home improvement retailers, pet retailers, specialty and discount retailers, independent farm and ranch stores, regional farm chains, farm cooperatives, and internet retailers. Its scale-based positioning rests on more than 2,600 stores, ten distribution centers and the Nampa, Idaho logistics center under construction, plus a diversified supplier base of over 1,100 suppliers in 2025 with no single supplier exceeding 10% of purchases and about 425 core suppliers accounting for 90%. Its Neighbor's Club loyalty program had sales penetration near 80% (disclosed 2024), about 37 million members (roughly 75% pet owners), and the company reported customer satisfaction improving for 43 consecutive months. It supports omnichannel fulfillment including buy-online-pickup-in-store, curbside, ship-to-store, and home, farm, and business delivery.