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Stocks Comparison

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

iPower brought in $66.1M of revenue in fiscal 2025, Tractor Supply $15.5B in fiscal 2025. Revenue changed by -23.2% at iPower and +4.3% at Tractor Supply on the year before, so Tractor Supply grew faster. iPower kept -7.5% of its revenue as net profit, Tractor Supply 7.1%. Free cash flow was -$742.8K at iPower and $740.5M at Tractor Supply.

Side by side, latest fiscal year

IPWTSCO
Fiscal year endedFY2025 (June 30, 2025)FY2025 (December 27, 2025)
Revenue$66.1M$15.5B
Revenue growth-23.2%+4.3%
Net income-$5M$1.1B
Net margin-7.5%7.1%
Free cash flow-$742.8K$740.5M
Free cash flow margin-1.1%4.8%
Earnings per share (diluted)-$0.16$2.06
Cash$1.7M$194.1M
Debtn/a$150M
Price to earningsn/a15.7
Market value$976.3K$16.8B
Dividend yieldn/a2.85%
Rank by revenue in sector#751 of 955 · Consumer discretionary#81 of 955 · Consumer discretionary

Over the years

Revenue
IPW FY2021: $39.9MIPW FY2021: $54.1MIPW FY2022: $79.4MIPW FY2023: $88.9MIPW FY2024: $86.1MIPW FY2025: $66.1MTSCO FY2018: $7.9BTSCO FY2019: $8.4BTSCO FY2020: $10.6BTSCO FY2021: $12.7BTSCO FY2022: $14.2BTSCO FY2023: $14.6BTSCO FY2024: $14.9BTSCO FY2025: $15.5BFY18FY19FY20FY21FY22FY23FY24FY25
IPW $66.1MTSCO $15.5B
Net income
IPW FY2021: $2MIPW FY2021: -$775.7KIPW FY2022: $1.5MIPW FY2023: -$12MIPW FY2024: -$1.5MIPW FY2025: -$5MTSCO FY2018: $532.4MTSCO FY2019: $562.4MTSCO FY2020: $749MTSCO FY2021: $997.1MTSCO FY2022: $1.1BTSCO FY2023: $1.1BTSCO FY2024: $1.1BTSCO FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
IPW -$5MTSCO $1.1B
Net margin
IPW FY2021: 5.0%IPW FY2021: -1.4%IPW FY2022: 1.9%IPW FY2023: -13.5%IPW FY2024: -1.8%IPW FY2025: -7.5%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
IPW -7.5%TSCO 7.1%
Revenue growth
IPW FY2021: +35.4%IPW FY2022: +46.9%IPW FY2023: +11.9%IPW FY2024: -3.2%IPW FY2025: -23.2%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
IPW -23.2%TSCO +4.3%
Free cash flow
IPW FY2021: $1.1MIPW FY2021: -$12.8MIPW FY2022: -$17.1MIPW FY2023: $9.1MIPW FY2024: $6.2MIPW FY2025: -$742.8KTSCO FY2018: $415.9MTSCO FY2019: $594.3MTSCO FY2020: $1.1BTSCO FY2021: $510.3MTSCO FY2022: $583.6MTSCO FY2023: $580.2MTSCO FY2024: $636.8MTSCO FY2025: $740.5MFY18FY19FY20FY21FY22FY23FY24FY25
IPW -$742.8KTSCO $740.5M

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

Questions about iPower and Tractor Supply

Which is bigger by revenue, iPower or Tractor Supply?

Tractor Supply is bigger by revenue: $15.5B in fiscal 2025, against $66.1M for iPower in fiscal 2025.

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

iPower had a net margin of -7.5% in fiscal 2025; Tractor Supply had 7.1% in fiscal 2025.

Which grew revenue faster, iPower or Tractor Supply?

In their latest fiscal years revenue changed by -23.2% at iPower 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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