• Tractor Supply average gross margin for 2023 was 35.49%, a 1.28% increase from 2022.
• Tractor Supply average gross margin for 2022 was 35.04%, a 1.1% increase from 2021.
• Tractor Supply average gross margin for 2021 was 35.43%, a 1.2% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.