AutoZone, Inc.

AZO · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990
Valuation
Market cap	$48,355	$70,236	$54,349	$44,544	$42,152	$31,952	$24,537	$22,733	$20,373	$14,826	$22,025	$22,425	$17,926	$15,094	$14,127	$12,845	$10,408	$8,207	$8,686	$8,517	$6,561	$7,496	$6,405	$8,933	$7,557	$5,360	$3,033	$3,582	$4,102	$4,270	$4,032	$4,011	$3,712	$3,949	$2,135	$1,358	$901
Enterprise value	$60,476	$82,253	$66,417	$55,197	$51,184	$39,010	$31,092	$27,819	$25,213	$19,663	$26,805	$26,915	$22,161	$19,171	$17,822	$16,124	$13,240	$10,858	$10,709	$10,382	$8,327	$9,283	$8,197	$10,387	$8,745	$6,578	$4,276	$4,465	$4,641	$4,464	$4,143	$4,018	$3,660	$3,869	$2,084	$1,357	$974
P/E (TTM) at period end	18.79×	28.11×	20.41×	17.62×	17.35×	14.72×	14.16×	14.06×	15.23×	11.58×	17.75×	19.33×	16.76×	14.85×	15.18×	15.13×	14.10×	12.49×	13.54×	14.30×	11.53×	13.13×	11.31×	17.26×	17.65×	30.53×	11.33×	14.63×	18.00×	21.90×	24.12×	28.90×	31.89×	45.44×	33.72×	30.87×	38.65×
P/S (TTM) at period end	2.38×	3.71×	2.94×	2.55×	2.59×	2.18×	1.94×	1.92×	1.82×	1.36×	2.07×	2.20×	1.89×	1.65×	1.64×	1.59×	1.41×	1.20×	1.33×	1.38×	1.10×	1.31×	1.14×	1.64×	1.42×	1.11×	0.68×	0.87×	1.26×	1.59×	1.80×	2.22×	2.46×	3.25×	2.13×	1.66×	1.34×
P/B at period end	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	37.82×	21.12×	13.97×	19.17×	37.37×	23.90×	10.97×	6.19×	3.06×	2.71×	3.15×	3.97×	4.66×	5.86×	7.03×	9.96×	7.57×	6.51×	10.65×
EV / EBITDA (TTM)	–	19.48×	15.31×	13.90×	13.79×	11.64×	11.04×	10.76×	11.69×	8.18×	11.37×	12.11×	10.65×	9.58×	9.68×	9.54×	8.76×	8.00×	8.28×	8.54×	7.23×	8.34×	7.39×	10.11×	9.83×	12.67×	6.69×	7.95×	9.69×	11.19×	12.46×	14.56×	16.35×	23.87×	17.76×	15.28×	16.92×
EV / Sales (TTM)	2.97×	4.34×	3.59×	3.16×	3.15×	2.67×	2.46×	2.34×	2.25×	1.81×	2.52×	2.64×	2.34×	2.10×	2.07×	2.00×	1.80×	1.59×	1.64×	1.68×	1.40×	1.63×	1.45×	1.90×	1.64×	1.37×	0.95×	1.08×	1.43×	1.66×	1.85×	2.22×	2.43×	3.18×	2.08×	1.66×	1.45×
Returns
Return on equity	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	279.3%	147.7%	121.2%	146.0%	330.4%	138.5%	62.1%	20.3%	27.0%	18.5%	17.5%	18.1%	19.3%	20.3%	22.0%	21.9%	22.4%	21.1%	27.5%
Return on invested capital	30.6%	33.4%	41.3%	44.0%	47.0%	44.2%	33.3%	52.3%	44.6%	40.6%	44.7%	45.1%	45.1%	47.5%	48.6%	47.3%	40.1%	33.7%	31.8%	29.6%	28.5%	29.3%	31.8%	31.2%	25.4%	11.4%	14.1%	12.4%	13.0%	15.8%	17.3%	20.0%	24.1%	27.0%	27.1%	23.4%	18.9%
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	0.90×	0.88×	0.84×	0.80×	0.77×	0.87×	1.08×	0.91×	0.92×	0.97×	0.90×	0.84×	0.79×	0.79×	0.81×	0.81×	0.85×	0.95×	1.03×	0.99×	1.03×	1.07×	1.00×	0.95×	0.95×	1.05×	1.15×	1.22×	1.30×	1.31×	1.00×	1.07×	1.25×	1.32×	1.35×	1.32×	1.17×
Debt / equity	(3.63×)	(2.58×)	(1.90×)	(1.76×)	(1.73×)	(2.93×)	(6.28×)	(3.04×)	(3.29×)	(3.56×)	(2.75×)	(2.72×)	(2.67×)	(2.48×)	(2.43×)	(2.67×)	(3.94×)	(6.30×)	9.87×	4.84×	3.96×	4.76×	10.91×	4.14×	1.73×	1.41×	1.26×	0.67×	0.42×	0.18×	0.13×	0.02×	0.01×	0.01×	0.02×	0.03×	0.88×
Effective tax rate	20.9%	20.3%	20.2%	20.2%	21.1%	21.1%	21.8%	20.4%	18.3%	33.5%	35.1%	35.6%	35.7%	36.0%	36.0%	35.9%	36.4%	36.4%	36.3%	36.4%	36.9%	34.6%	37.5%	37.9%	38.1%	38.8%	38.5%	36.9%	37.4%	37.6%	37.4%	39.2%	39.7%	39.3%	39.4%	39.0%	39.2%
Share count
Diluted shares outstanding	17	17	18	19	21	23	24	25	27	29	30	32	34	37	40	44	49	56	64	70	76	80	86	97	107	114	138	150	154	152	151	149	149	147	147	133	123

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990
Revenue and gross profit
Revenue	$20,339	$20,339	$18,939	$18,490	$17,457	$16,252	$14,630	$12,632	$11,864	$11,221	$10,889	$10,636	$10,187	$9,475	$9,148	$8,604	$8,073	$7,363	$6,817	$6,523	$6,170	$5,948	$5,711	$5,637	$5,457	$5,326	$4,818	$4,483	$4,116	$3,243	$2,691	$2,243	$1,808	$1,508	$1,217	$1,002	$818	$672
Cost of revenue	($9,694)	($9,694)	($8,972)	($8,673)	($8,387)	($7,780)	($6,912)	($5,861)	($5,499)	($5,247)	($5,149)	($5,027)	($4,860)	($4,540)	($4,407)	($4,172)	($3,954)	($3,651)	($3,400)	($3,255)	($3,106)	($3,010)	($2,918)	($2,880)	($2,942)	($2,950)	($2,805)	($2,602)	($2,256)	($1,793)	($1,482)	($1,244)	($1,009)	($853)	($711)	($589)	($482)	($408)
Gross profit	$10,645	$10,645	$9,966	$9,817	$9,070	$8,473	$7,718	$6,771	$6,365	$5,974	$5,740	$5,609	$5,327	$4,935	$4,741	$4,432	$4,119	$3,712	$3,416	$3,268	$3,064	$2,939	$2,793	$2,757	$2,515	$2,375	$2,013	$1,880	$1,860	$1,450	$1,210	$998	$799	$655	$506	$413	$336	$263
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($6,922)	($6,922)	($6,356)	($6,028)	($5,596)	($5,202)	($4,773)	($4,353)	($4,149)	($4,163)	($3,660)	($3,548)	($3,374)	($3,105)	($2,968)	($2,803)	($2,625)	($2,392)	($2,240)	($2,144)	($2,009)	($1,929)	($1,817)	($1,758)	($1,597)	($1,604)	($1,499)	($1,368)	($1,298)	($971)	($811)	($666)	($523)	($431)	($344)	($296)	($247)	($206)
Total operating expenses	($6,922)	($6,922)	($6,356)	($6,028)	($5,596)	($5,202)	($4,773)	($4,353)	($4,149)	($4,163)	($3,660)	($3,548)	($3,374)	($3,105)	($2,968)	($2,803)	($2,625)	($2,392)	($2,240)	($2,144)	($2,009)	($1,929)	($1,817)	($1,758)	($1,597)	($1,604)	($1,626)	($1,368)	($1,427)	($1,067)	($889)	($730)	($572)	($464)	($365)	($309)	($257)	($214)
Total costs and expenses	($16,615)	($16,615)	($15,329)	($14,702)	($13,983)	($12,982)	($11,685)	($10,214)	($9,648)	($9,410)	($8,809)	($8,575)	($8,234)	($7,645)	($7,374)	($6,975)	($6,578)	($6,043)	($5,641)	($5,399)	($5,115)	($4,938)	($4,735)	($4,638)	($4,539)	($4,555)	($4,430)	($3,971)	($3,683)	($2,860)	($2,370)	($1,974)	($1,580)	($1,317)	($1,076)	($899)	($739)	($622)
Operating income	$3,723	$3,723	$3,610	$3,789	$3,474	$3,271	$2,945	$2,418	$2,216	$1,811	$2,080	$2,060	$1,953	$1,830	$1,773	$1,629	$1,495	$1,319	$1,176	$1,124	$1,055	$1,010	$976	$999	$918	$771	$388	$512	$433	$382	$321	$269	$228	$191	$141	$104	$79	$49
Earnings
EBITDA	–	–	$4,223	$4,338	$3,972	$3,713	$3,352	$2,815	$2,586	$2,156	$2,403	$2,358	$2,223	$2,081	$2,000	$1,841	$1,691	$1,511	$1,356	$1,294	$1,216	$1,151	$1,114	$1,110	$1,028	$889	$519	$639	$562	$479	$399	$332	$276	$224	$162	$117	$89	$58
Interest income	–	–	$11	$11	$12	$6	$5	$6	$7	$6	$4	$2	$2	$2	$2	$1	$2	$3	$4	$4	$3	$2	$1	$0	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($473)	($473)	($490)	($465)	($320)	($199)	($202)	($208)	($194)	($182)	($159)	($151)	($153)	($170)	($188)	($179)	($174)	($163)	($148)	($122)	($123)	($111)	($109)	($93)	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$3,251	$3,251	$3,134	$3,337	$3,168	$3,079	$2,749	$2,217	$2,031	$1,636	$1,925	$1,913	$1,803	$1,663	$1,588	$1,453	$1,324	$1,161	$1,034	$1,007	$936	$902	$873	$906	$833	$691	$287	$435	$388	$364	$312	$267	$228	$193	$143	$104	$72	$38
Income tax expense	($678)	($678)	($636)	($675)	($639)	($649)	($579)	($484)	($414)	($299)	($645)	($672)	($642)	($593)	($571)	($523)	($475)	($422)	($377)	($366)	($340)	($333)	($302)	($340)	($315)	($263)	($112)	($168)	($143)	($136)	($118)	($100)	($90)	($77)	($56)	($41)	($28)	($15)
Net income	$2,573	$2,573	$2,498	$2,662	$2,528	$2,430	$2,170	$1,733	$1,617	$1,338	$1,281	$1,241	$1,160	$1,070	$1,016	$930	$849	$738	$657	$642	$596	$569	$571	$566	$518	$428	$176	$268	$245	$228	$195	$167	$139	$116	$87	$63	$44	$23
Per share
Diluted EPS (GAAP)	$152.55	$152.55	$144.87	$149.55	$132.36	$117.19	$95.19	$71.93	$63.43	$48.77	$44.07	$40.70	$36.03	$31.57	$27.79	$23.48	$19.47	$14.97	$11.73	$10.04	$8.53	$7.50	$7.18	$6.56	$5.34	$4.00	$1.54	$2.00	$1.63	$1.48	$1.28	$1.11	$0.93	$0.78	$0.59	$0.43	$0.33	$0.19
Basic EPS (GAAP)	$156.11	$156.11	$148.80	$153.82	$136.60	$120.83	$97.60	$73.62	$64.78	$49.59	$45.05	$41.52	$36.76	$32.16	$28.28	$24.04	$19.91	$15.23	$11.89	$10.14	$8.62	$7.57	$7.27	$7.11	$5.83	$4.10	$1.56	$2.20	$1.64	$1.50	$1.29	$1.13	$0.93	$0.78	$0.59	$0.43	$0.33	$0.19
Basic shares outstanding	16	16	17	17	19	20	22	24	25	27	28	30	32	33	36	39	43	48	55	63	69	75	79	85	97	104	113	138	149	152	151	148	149	149	147	147	133	123
Margins
Gross margin	52.3%	52.3%	52.6%	53.1%	52.0%	52.1%	52.8%	53.6%	53.7%	53.2%	52.7%	52.7%	52.3%	52.1%	51.8%	51.5%	51.0%	50.4%	50.1%	50.1%	49.7%	49.4%	48.9%	48.9%	46.1%	44.6%	41.8%	41.9%	45.2%	44.7%	45.0%	44.5%	44.2%	43.4%	41.6%	41.2%	41.1%	39.2%
Operating margin	18.3%	18.3%	19.1%	20.5%	19.9%	20.1%	20.1%	19.1%	18.7%	16.1%	19.1%	19.4%	19.2%	19.3%	19.4%	18.9%	18.5%	17.9%	17.3%	17.2%	17.1%	17.0%	17.1%	17.7%	16.8%	14.5%	8.0%	11.4%	10.5%	11.8%	11.9%	12.0%	12.6%	12.6%	11.6%	10.3%	9.7%	7.3%
Net margin	12.6%	12.6%	13.2%	14.4%	14.5%	14.9%	14.8%	13.7%	13.6%	11.9%	11.8%	11.7%	11.4%	11.3%	11.1%	10.8%	10.5%	10.0%	9.6%	9.8%	9.7%	9.6%	10.0%	10.0%	9.5%	8.0%	3.6%	6.0%	5.9%	7.0%	7.2%	7.5%	7.7%	7.7%	7.1%	6.3%	5.4%	3.5%

Analyst consensus

Buy45 analysts

Bearish · 0 · Hold · 12 · Bullish · 33

Earnings history

	EPS	Estimate
Q1 2025	$32.52	$33.56	Miss
Q2 2025	$28.29	$29.05	Miss
Q3 2025	$35.36	$37.11	Miss
Q4 2025	$48.71	$50.73	Miss
Q1 2026	$31.04	$32.75	Miss
Q2 2026	$27.63	$27.15	Beat
Q3 2026	$38.07	$36.22	Beat
Q4 2026	$56.05	$54.08	Beat

Peers

Company overview

IPO dateApr 2, 1991

CEOPhilip Daniele

Employees130,000

SectorConsumer Cyclical

IndustrySpecialty Retail

CountryUS

ExchangeNew York Stock Exchange

Websitewww.autozone.com

AutoZone, Inc. operates as a leading retailer and distributor specializing in automotive replacement parts and accessories. The company's comprehensive inventory caters to a diverse range of vehicles, including cars, sport utility vehicles, vans, and light trucks. Their product offerings encompass both new and remanufactured critical hard parts, essential maintenance items, various accessories, and a selection of non-automotive goods. Key automotive components available include A/C compressors, batteries, bearings, belts, hoses, brake calipers, chassis parts, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting systems, mufflers, radiators, starters, alternators, thermostats, water pumps, and tire repair kits. For vehicle upkeep, AutoZone supplies antifreeze, windshield washer fluid, an extensive array of brake components (drums, rotors, shoes, pads), various automotive fluids (brake, power steering, oil, transmission), oil and fuel additives, and filters for oil, cabin air, engine air, fuel, and transmission. Other maintenance products cover oxygen sensors, paints, refrigerants, shock absorbers, struts, spark plugs, wires, and windshield wipers. Beyond functional parts, the company offers a wide assortment of accessories and general merchandise such as air fresheners, mobile phone accessories, snacks, drinks, floor mats, seat covers, interior and exterior styling products, mirrors, performance parts, protectants, cleaners, sealants, adhesives, steering wheel covers, car stereos, radios, various tools, and vehicle wash/wax supplies. Additionally, they provide towing services. AutoZone also extends its reach through several channels: a commercial program providing credit and delivery services for professional clients; sales of automotive diagnostic and repair software under the ALLDATA brand via alldata.com and alldatadiy.com; and online retail of its full product range (hard parts, maintenance, accessories, non-automotive items) through autozone.com. As of November 20, 2021, AutoZone maintained a significant operational footprint, with 6,066 stores in the United States, 666 stores in Mexico, and 53 stores in Brazil. The company was established in 1979 and is headquartered in Memphis, Tennessee.

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