• Tractor Supply average operating margin for 2023 was 10.02%, a 1.38% increase from 2022.
• Tractor Supply average operating margin for 2022 was 10.16%, a 2.94% decline from 2021.
• Tractor Supply average operating margin for 2021 was 9.87%, a 3.46% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.