TRACTOR SUPPLY CO /DE/ Earnings Per Share Disclosure
| Fiscal Year | |||||||||||||||||
| 2025 | |||||||||||||||||
Net Income | Shares | Per Share Amount | |||||||||||||||
Basic net income per share: | $ | 1,096,087 | 529,957 | $ | 2.07 | ||||||||||||
| Dilutive effect of share-based awards | — | 2,221 | (0.01) | ||||||||||||||
Diluted net income per share: | $ | 1,096,087 | 532,178 | $ | 2.06 | ||||||||||||
| Fiscal Year | |||||||||||||||||
| 2024 | |||||||||||||||||
Net Income | Shares | Per Share Amount | |||||||||||||||
Basic net income per share: | $ | 1,101,240 | 536,949 | $ | 2.05 | ||||||||||||
| Dilutive effect of share-based awards | — | 2,703 | (0.01) | ||||||||||||||
Diluted net income per share: | $ | 1,101,240 | 539,652 | $ | 2.04 | ||||||||||||
| Fiscal Year | |||||||||||||||||
| 2023 | |||||||||||||||||
Net Income | Shares (a) | Per Share Amount (a) | |||||||||||||||
Basic net income per share: | $ | 1,107,226 | 545,480 | $ | 2.03 | ||||||||||||
| Dilutive effect of share-based awards | — | 3,249 | (0.01) | ||||||||||||||
Diluted net income per share: | $ | 1,107,226 | 548,729 | $ | 2.02 | ||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 17, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.