Compare Stocks › GS vs TSCO

The Goldman Sachs Group, Inc. (GS) vs Tractor Supply Company (TSCO): Which Is the Better Buy in 2026?

As of 2026-09-17, GS is undervalued at $955, with a DCF intrinsic value of $1956 and a margin of safety of 51%. TSCO is overvalued at $33, with an intrinsic value of $29 and a margin of safety of -15%. Of the two, GS has the wider margin of safety.

The Goldman Sachs Group, Inc.

$954.87

TSCO

Tractor Supply Company

$33.05

Rewards

★Gross margin of 82.1% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
★Share count has been reduced by 11% over the past 4 years through buybacks, increasing each share's claim on earnings.
★Each dollar of retained earnings has created $2.58 of earning power — management is an exceptional capital allocator.

TSCO

★Tractor Supply Company has maintained ROIC above 10% for 4 consecutive years, suggesting solid business economics.
★Tractor Supply Company scores 86/100 on the Economic Moat Score (Wide Moat), with revenue predictability as the strongest competitive dimension.
★Return on equity has consistently exceeded 20% over 4 years, indicating efficient use of shareholder capital.

Risks

⚠Altman Z-Score of 0.25 places the company in the distress zone — financial patterns resemble those of companies that experienced bankruptcy.
⚠16 insider sales with no purchases over the past 12 months — a persistent pattern of insider selling.

TSCO

⚠Each dollar of retained earnings has produced only $0.04 of earning power — shareholders may have been better served by dividends.
⚠High leverage (2.40x net debt/equity) combined with thin interest coverage (-1.0x) poses financial risk.

Key Valuation Metrics

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TSCO

Valuation

N/A

Free Cash Flow

$740.49M

N/A

FCF Yield

4.30%

14.75

Trailing P/E

17.22

12.90

Forward P/E

16.14

Quality & Moat

2.20%

ROIC

16.37%

16.90%

ROE

39.51%

82.08%

Gross Margin

36.50%

1.16

PEG Ratio

1.55

Balance Sheet Safety

Net cash

Net Debt / Equity

2.40

N/A

Interest Coverage

N/A

Net Debt / EBITDA

3.27

2.13%

Dividend Yield

2.93%

GS: 5Ties: 1TSCO: 3

GSTSCO

Historical Fundamentals

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Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

TSCO

$1 Retained Earnings Test

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$5.60

created per $1 retained over 3 years

Exceptional Value Creator

Σ Retained

$26.00B

Δ Market Cap

+$145.60B

Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

TSCO

$0.82

created per $1 retained over 3 years

Mediocre Allocator

Σ Retained

$1.89B

Δ Market Cap

+$1.55B

Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

Discounted Cash Flow (DCF) Analysis

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51.2% Margin of Safety

Price is 51.2% below estimated fair value

Current Price: $954.87

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Fair Value: $1956.24

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

TSCO

15.3% Overvalued

Price is 15.3% above estimated fair value

Current Price: $33.05

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Fair Value: $28.67

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Reverse DCF — Market-Implied Growth

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Requires positive FCF to compute implied growth rate.

TSCO

What growth rate is the market pricing in at $33?

+8.7%

Market-Implied Owner Earnings Growth

Standard FCF implies +14.0%

The market implies +8.7% Owner Earnings growth, above historical trends.

Standard FCF implies a demanding +14.0%, reflecting heavy growth investment.

Economic Moat Score

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65/100

Narrow Moat

70+ Wide · 40-69 Narrow · <40 None

Narrow moat with reinvestment efficiency as the key competitive advantage. Improving margin stability would strengthen the moat.

Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.

TSCO

86/100

Wide Moat

70+ Wide · 40-69 Narrow · <40 None

Wide moat with strength across all dimensions. Revenue Predictability is the standout factor.

Forensic Accounting

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-2.00

Possible Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

TSCO

-2.60

Unlikely Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Ownership Breakdown

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Insiders 0.6%Institutions 75.8%Retail & Other 23.6%

No. of Institutional Holders3,994

High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

TSCO

Insiders 0.3%Institutions 96.8%Retail & Other 2.9%

No. of Institutional Holders1,482

High insider ownership aligns management incentives with shareholders. Institutional concentration can indicate smart-money conviction but also crowding risk.

Insider Buying Activity

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Buys (3M)

Buys (12M)

HESS JOHN B JR.

Director

$2.00M

@ $511.68 · 2025-04-15

JOHNSON KEVIN RONALD

Director

$1.49M

@ $619.02 · 2025-01-17

FLAHERTY MARK A

Director

$29,545

@ $360.30 · 2024-09-27

Open market purchases · includes direct & indirect ownership · excludes option exercises

TSCO

Buys (3M)

Buys (12M)

Total value (12M): $658,321

HAM MARGARET M

Director

$2,975

@ $35.42 · 2026-09-04

MORRIS EDNA K

Director

$50,606

@ $32.44 · 2026-08-04

LAWTON HARRY A III

Chief Executive Officer

$501,524

@ $32.15 · 2026-08-04

HAWAUX ANDRE J

Director

$100,264

@ $31.83 · 2026-08-03

HAM MARGARET M

Director

$2,952

@ $30.43 · 2026-06-08

Open market purchases · includes direct & indirect ownership · excludes option exercises

Open market purchases · includes direct & indirect ownership · excludes option exercises.

Insider Selling Activity

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Sells (3M)

Sells (12M)

Total value (12M): $65.54M

LESLIE ERICKA T

Officer

$620,280

@ $1033.80 · 2026-08-28

LESLIE ERICKA T

Officer

$184,445

@ $1053.97 · 2026-08-04

LESLIE ERICKA T

Officer

$287,951

@ $1151.80 · 2026-07-15

COLEMAN DENIS P.

Chief Financial Officer

$6.68M

@ $973.55 · 2026-05-14

RUEMMLER KATHRYN H

General Counsel

$13.42M

@ $939.07 · 2026-05-06

FREDMAN SHEARA J.

Officer

$9.57M

@ $929.17 · 2026-05-01

RUEMMLER KATHRYN H

General Counsel

$634,927

@ $929.61 · 2026-05-01

SOLOMON DAVID M

Chief Executive Officer

$3.23M

@ $930.70 · 2026-05-01

GOLTEN ALEXANDER SIMON

Officer

$1.04M

@ $936.18 · 2026-04-23

GOLTEN ALEXANDER SIMON

Officer

$1.02M

@ $919.19 · 2026-04-17

COLEMAN DENIS P.

Chief Financial Officer

$10.94M

@ $941.57 · 2026-02-09

SOLOMON DAVID M

Chief Executive Officer

$255,387

@ $938.92 · 2026-01-29

HALIO CAREY

Officer

$2.64M

@ $927.17 · 2026-01-27

FREDMAN SHEARA J.

Officer

$4.49M

@ $923.75 · 2026-01-23

RUEMMLER KATHRYN H

General Counsel

$8.89M

@ $927.51 · 2026-01-23

HALIO CAREY

Officer

$1.62M

@ $920.62 · 2026-01-23

WALDRON JOHN E.

President

$13.69M

@ $750.30 · 2025-08-28

COLEMAN DENIS P.

Chief Financial Officer

$5.41M

@ $724.40 · 2025-07-25

SOLOMON DAVID M

Chief Executive Officer

$4.71M

@ $712.31 · 2025-07-23

ROGERS JOHN F W

Officer

$4.31M

@ $717.39 · 2025-07-23

SOLOMON DAVID M

Chief Executive Officer

$3.04M

@ $607.17 · 2025-05-14

SOLOMON DAVID M

Chief Executive Officer

$1.50M

@ $622.15 · 2025-02-26

GOLTEN ALEXANDER SIMON

Officer

$3.31M

@ $636.25 · 2025-01-28

HALIO CAREY

Officer and Treasurer

$2.32M

@ $636.74 · 2025-01-24

FREDMAN SHEARA J.

Officer

$1.28M

@ $627.01 · 2025-01-21

RUEMMLER KATHRYN H

General Counsel

$4.76M

@ $634.69 · 2025-01-21

HALIO CAREY

Officer

$965,120

@ $624.67 · 2025-01-21

VINIAR DAVID A

Director

$3.06M

@ $612.08 · 2024-11-29

SOLOMON DAVID M

Chief Executive Officer

$4.00M

@ $610.91 · 2024-11-29

FREDMAN SHEARA J.

Officer

$1.77M

@ $594.51 · 2024-11-06

COLEMAN DENIS P.

Chief Financial Officer

$7.67M

@ $593.03 · 2024-11-06

ROGERS JOHN F W

Officer

$3.83M

@ $596.36 · 2024-11-06

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

TSCO

Sells (3M)

Sells (12M)

Total value (12M): $11.96M

YANKEE COLIN

Officer

$618,263

@ $55.35 · 2026-02-13

ESTEP JONATHAN S

Officer

$3.23M

@ $54.03 · 2026-02-11

MILLS ROBERT D.

Chief Technology Officer

$3.41M

@ $54.12 · 2026-02-11

BARTON KURT D.

Chief Financial Officer

$101,378

@ $53.81 · 2026-02-10

BARTON KURT D.

Chief Financial Officer

$104,050

@ $53.94 · 2026-02-06

LAWTON HARRY A III

Chief Executive Officer

$4.50M

@ $53.16 · 2026-02-03

KERSEY MELISSA

Officer

$377,426

@ $59.79 · 2025-08-13

WEIKEL MARK J

Director

$479,360

@ $59.92 · 2025-08-07

YANKEE COLIN

Officer

$390,121

@ $58.40 · 2025-07-28

BARTON KURT D.

Chief Financial Officer

$5.76M

@ $63.96 · 2025-07-24

ELLISON-SOUTHALL NONI L

General Counsel

$332,592

@ $63.96 · 2025-07-24

JACKSON DENISE L

Director

$68,152

@ $58.50 · 2025-07-22

JACKSON DENISE L

Director

$115,500

@ $57.75 · 2025-07-10

JACKSON DENISE L

Director

$57,000

@ $57.00 · 2025-07-09

ESTEP JONATHAN S

Officer

$2.01M

@ $56.00 · 2025-07-07

JACKSON DENISE L

Director

$258,965

@ $55.93 · 2025-07-07

JACKSON DENISE L

Director

$85,250

@ $55.00 · 2025-07-02

ESTEP JONATHAN S

Officer

$3.00M

@ $53.00 · 2025-06-23

RUBIN MATTHEW LAWRENCE

President

$145,446

@ $51.76 · 2025-05-14

RUBIN MATTHEW LAWRENCE

Officer

$222,091

@ $57.69 · 2025-02-20

BARTON KURT D.

Chief Financial Officer

$680,176

@ $56.00 · 2025-02-13

YANKEE COLIN

Officer

$1.33M

@ $54.15 · 2025-02-11

KERSEY MELISSA

Officer

$494,472

@ $53.17 · 2025-02-06

LAWTON HARRY A III

Chief Executive Officer

$4.81M

@ $54.59 · 2025-02-03

BARTON KURT D.

Chief Financial Officer

$6.96M

@ $295.64 · 2024-10-01

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives.

🎭 Mr. Market's Mood

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😐Neutral(46/100)

"Market is pricing this stock without strong emotion in either direction"

Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

TSCO

😨Fear(31/100)

"Market is pessimistic — investigate whether fears are temporary or structural"

Composite sentiment score based on market signals. Inspired by Buffett’s "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

⚖️ Buffett Signal

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⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Neutral (46)

TSCO

⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Fear (31)

View GS Full Analysis View TSCO Full Analysis

Frequently Asked Questions: GS vs TSCO

Is The Goldman Sachs Group, Inc. or Tractor Supply Company more undervalued in 2026?▼

Based on our discounted cash flow model, GS trades at a 51.2% margin of safety (intrinsic value $1956 vs. price $955), compared to TSCO's -15.3% margin of safety (intrinsic $29 vs. $33).

Which stock has a wider economic moat, The Goldman Sachs Group, Inc. or Tractor Supply Company?▼

TSCO scores 86/100 (Wide moat), while GS scores 65/100 (Narrow moat). The moat score measures competitive advantage durability across ROIC consistency, margin stability, revenue predictability, and reinvestment efficiency.

Is The Goldman Sachs Group, Inc. in financial distress?▼

GS's Altman Z-Score of 0.3 places it in the Distress zone, signaling elevated bankruptcy risk. TSCO scores 4.8 (Safe zone). The Altman Z-Score is a five-factor model that predicts insolvency within two years; scores below 1.81 indicate significant distress.

Which stock has higher return on invested capital, The Goldman Sachs Group, Inc. or Tractor Supply Company?▼

TSCO earns 16.4% ROIC versus GS's 2.2%. A higher ROIC means the company generates more profit per dollar of capital employed, a hallmark of durable competitive advantage in Buffett-style analysis.

Which dividend is safer, The Goldman Sachs Group, Inc.'s or Tractor Supply Company's?▼

TSCO's dividend earns a safety score of 79/100 (Safe), compared to GS's 79/100 (Safe). TSCO has raised its dividend for 3 consecutive years.