Tractor Supply Company — Earnings Quality Grade F
TSCO · Consumer Cyclical
Major red flags
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
Insufficient data
Insufficient data
Revenue 4.3%, CFFO 15.1%. Cash follows revenue
Expense Quality
Inventory 8.6% vs COGS 4.0%. Normal
CapEx growth 14.1% vs revenue 4.3%. Normal
SG&A/Gross Profit = 65.3%. Normal
Gross margin 36.4%, change +0.2pp. Stable
Cash Flow Quality
CFFO/NI = 1.49. Profits backed by cash
FCF $0.7B, FCF/NI = 0.68
Accruals ratio = -4.9%. Low accruals
Cash $0.2B covers only 3% of debt $5.9B
Balance Sheet Health
Goodwill+Intangibles $0.4B = 15% of equity. Manageable
Debt/EBITDA = 3.0x. Healthy
Other assets -25.3% vs revenue 4.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 48% YoY
Manipulation Score
Insufficient data
Portfolio monitoring
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Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25