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GrowGeneration vs Tractor Supply: revenue, profit, margins and growth compared

GrowGeneration brought in $161.7M of revenue in fiscal 2025, Tractor Supply $15.5B in fiscal 2025. Revenue changed by -14.4% at GrowGeneration and +4.3% at Tractor Supply on the year before, so Tractor Supply grew faster. GrowGeneration kept -14.9% of its revenue as net profit, Tractor Supply 7.1%.

Side by side, latest fiscal year

GRWGTSCO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 27, 2025)
Revenue$161.7M$15.5B
Revenue growth-14.4%+4.3%
Net income-$24M$1.1B
Net margin-14.9%7.1%
Free cash flown/a$740.5M
Free cash flow marginn/a4.8%
Earnings per share (diluted)-$0.40$2.06
Cash$30.4M$194.1M
Debtn/a$150M
Price to earningsn/a15.7
Market value$91.9M$16.8B
Dividend yieldn/a2.85%
Rank by revenue in sector#671 of 778 · Consumer discretionary#80 of 778 · Consumer discretionary

Over the years

Revenue
GRWG FY2018: $29MGRWG FY2019: $79.7MGRWG FY2020: $193.4MGRWG FY2021: $422.5MGRWG FY2022: $278.2MGRWG FY2023: $225.9MGRWG FY2024: $188.9MGRWG FY2025: $161.7MTSCO FY2018: $7.9BTSCO FY2019: $8.4BTSCO FY2020: $10.6BTSCO FY2021: $12.7BTSCO FY2022: $14.2BTSCO FY2023: $14.6BTSCO FY2024: $14.9BTSCO FY2025: $15.5BFY18FY19FY20FY21FY22FY23FY24FY25
GRWG $161.7MTSCO $15.5B
Net income
GRWG FY2018: -$5.1MGRWG FY2019: $1.3MGRWG FY2020: $5.3MGRWG FY2021: $12.8MGRWG FY2022: -$163.7MGRWG FY2023: -$46.5MGRWG FY2024: -$49.5MGRWG FY2025: -$24MTSCO FY2018: $532.4MTSCO FY2019: $562.4MTSCO FY2020: $749MTSCO FY2021: $997.1MTSCO FY2022: $1.1BTSCO FY2023: $1.1BTSCO FY2024: $1.1BTSCO FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
GRWG -$24MTSCO $1.1B
Net margin
GRWG FY2018: -17.5%GRWG FY2019: 1.7%GRWG FY2020: 2.8%GRWG FY2021: 3.0%GRWG FY2022: -58.9%GRWG FY2023: -20.6%GRWG FY2024: -26.2%GRWG FY2025: -14.9%TSCO FY2018: 6.7%TSCO FY2019: 6.7%TSCO FY2020: 7.1%TSCO FY2021: 7.8%TSCO FY2022: 7.7%TSCO FY2023: 7.6%TSCO FY2024: 7.4%TSCO FY2025: 7.1%FY18FY19FY20FY21FY22FY23FY24FY25
GRWG -14.9%TSCO 7.1%
Revenue growth
GRWG FY2019: +174.9%GRWG FY2020: +142.5%GRWG FY2021: +118.5%GRWG FY2022: -34.2%GRWG FY2023: -18.8%GRWG FY2024: -16.4%GRWG FY2025: -14.4%TSCO FY2019: +5.6%TSCO FY2020: +27.2%TSCO FY2021: +19.9%TSCO FY2022: +11.6%TSCO FY2023: +2.5%TSCO FY2024: +2.2%TSCO FY2025: +4.3%FY19FY20FY21FY22FY23FY24FY25
GRWG -14.4%TSCO +4.3%
Free cash flow
GRWG FY2018: -$1.6MTSCO FY2018: $415.9MTSCO FY2019: $594.3MTSCO FY2020: $1.1BTSCO FY2021: $510.3MTSCO FY2022: $583.6MTSCO FY2023: $580.2MTSCO FY2024: $636.8MTSCO FY2025: $740.5MFY18FY19FY20FY21FY22FY23FY24FY25
GRWG -$1.6MTSCO $740.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about GrowGeneration and Tractor Supply

Which is bigger by revenue, GrowGeneration or Tractor Supply?

Tractor Supply is bigger by revenue: $15.5B in fiscal 2025, against $161.7M for GrowGeneration in fiscal 2025.

Which keeps more of its revenue as profit, GrowGeneration or Tractor Supply?

GrowGeneration had a net margin of -14.9% in fiscal 2025; Tractor Supply had 7.1% in fiscal 2025.

Which grew revenue faster, GrowGeneration or Tractor Supply?

In their latest fiscal years revenue changed by -14.4% at GrowGeneration and +4.3% at Tractor Supply.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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