AutoZone Inc (AZO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$27.4	$27.6	+0.8%	—	$4.3B	—
Q1 26	$32.6	$31	-4.7%	—	$4.6B	—
Q3 25	$29	$28.3	-2.3%	—	—	—
Q2 25	$33.8	$32.5	-3.7%	—	—	—
Q1 25	$53.5	$48.1	-10.2%	—	—	—
Q4 24	$36.1	$36.7	+1.6%	—	—	—
Q3 24	$31.6	$32.5	+3.0%	—	—	—
Q2 24	$45.2	$46.5	+2.7%	—	—	—
Q1 24	$33.3	$33.4	+0.4%	—	—	—
Q0 24	$31.4	$34.1	+8.6%	—	$4.1B	—
Q2 23	$25.3	$27.4	+8.5%	—	—	—
Q1 23	$38.6	$40.5	+4.9%	—	—	—
Q0 23	$26	$29	+11.8%	—	$3.9B	—
Q2 22	$17.8	$22.3	+25.1%	—	$3.4B	—
Q1 22	$21.1	$25.7	+21.9%	—	$3.7B	—
Q4 21	$29.9	$35.7	+19.5%	—	$4.9B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$148.8	—	—	$18.9B	—
FY24	—	$153.8	—	—	$18.5B	—
FY23	—	$136.6	—	—	$17.5B	—
FY22	—	$120.8	—	—	$16.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$10.6B	$10.9B	$11.2B	$11.9B	$12.6B	$14.6B	$16.3B	$17.5B	$18.5B	$18.9B
YoY change	+4.4%	+2.38%	+3.05%	+5.73%	+6.48%	+15.8%	+11.1%	+7.41%	+5.92%	+2.43%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	10.6B	10.9B	11.2B	11.9B	12.6B	14.6B	16.3B	17.5B	18.5B	18.9B
Cost of revenue	5B	5.1B	5.2B	5.5B	5.9B	6.9B	7.8B	8.4B	8.7B	9B
Gross profit	5.6B	5.7B	6B	6.4B	6.8B	7.7B	8.5B	9.1B	9.8B	10B
Gross margin	52.7%	52.7%	53.2%	53.7%	53.6%	52.8%	52.1%	52%	53.1%	52.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.5B	3.7B	4.2B	4.1B	4.4B	4.8B	5.2B	—	—	6.4B
Operating expenses	7.1B	7.3B	8.3B	8.3B	8.7B	9.5B	10.4B	5.6B	6B	6.4B
Operating income	2.1B	2.1B	1.8B	2.2B	2.4B	2.9B	3.3B	3.5B	3.8B	3.6B
Operating margin	19.4%	19.1%	16.1%	18.7%	19.1%	20.1%	20.1%	19.9%	20.5%	19.1%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	1.9B	1.9B	1.6B	2B	2.2B	2.7B	3.1B	3.2B	3.3B	3.1B
Income tax	671.7M	644.6M	298.8M	414.1M	483.5M	578.9M	649.5M	639.2M	674.7M	636.1M
Net income	1.2B	1.3B	1.3B	1.6B	1.7B	2.2B	2.4B	2.5B	2.7B	2.5B
Net margin	11.7%	11.8%	11.9%	13.6%	13.7%	14.8%	14.9%	14.5%	14.4%	13.2%
EBITDA	2.4B	2.4B	2.2B	2.6B	2.8B	3.4B	3.7B	4B	4.3B	4.2B
EPS	41.5	45	49.6	64.8	73.6	97.6	120.8	136.6	153.8	148.8
Diluted EPS	40.7	44.1	48.8	63.4	71.9	95.2	117.2	132.4	149.6	144.9

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q1 26	Q2 26	Q3 26
Revenue	4.1B	5.7B	4.2B	3.9B	4.2B	6.2B	4.3B	4B	4.5B	4.6B	4.3B	4.8B
Cost of revenue	1.9B	2.7B	2B	1.8B	2B	2.9B	2B	1.8B	2.1B	2.3B	2B	2.3B
Gross profit	2.1B	3B	2.2B	2.1B	2.3B	3.3B	2.3B	2.1B	2.4B	2.4B	2.2B	2.5B
Gross margin	52.5%	52.7%	52.8%	53.9%	53.5%	52.5%	53%	53.9%	52.7%	51%	52.5%	52.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	1.4B	1.4B	1.5B	—	—	—
Operating expenses	1.3B	1.8B	1.4B	1.3B	1.4B	2B	2.9B	2.8B	1.5B	—	—	—
Operating income	858.5M	1.2B	848.6M	743.2M	900.2M	1.3B	841.1M	706.8M	866.2M	784.2M	698.5M	923.8M
Operating margin	21%	21.5%	20.3%	19.3%	21.3%	20.9%	19.7%	17.9%	19.4%	16.9%	16.3%	19.1%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	784.2M	1.1B	757.2M	640.6M	795.8M	1.1B	733.5M	597.9M	754.9M	677.9M	591.3M	813.3M
Income tax	136.4M	248.9M	163.8M	125.6M	144M	241.3M	168.6M	110M	146.4M	147.1M	122.4M	171.8M
Net income	647.7M	864.8M	593.5M	515M	651.7M	902.2M	564.9M	487.9M	608.4M	530.8M	468.9M	641.5M
Net margin	15.8%	15.2%	14.2%	13.3%	15.4%	14.5%	13.2%	12.3%	13.6%	11.5%	11%	13.3%
EBITDA	974.6M	1.4B	968.8M	868.2M	1B	1.5B	974.3M	844.7M	1B	932.4M	854.1M	1.1B
EPS	35.2	47.8	33.5	29.7	37.7	—	33.4	29.1	36.3	31.9	28.3	39
Diluted EPS	34.1	46.5	32.5	28.9	36.7	—	32.5	28.3	35.4	31	27.6	38.1

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	22.2B	15B	20.7B	27.5B	28.2B	34.4B	42.6B	46.9B	55.1B	70.5B	47.1B
Enterprise value	27B	19.9B	25.5B	32.6B	34.7B	41.5B	51.6B	57.5B	67.1B	82.5B	59B
Shares outstanding	29.9M	28.4M	27M	25M	23.5M	22.2M	20.1M	18.5M	17.3M	16.8M	16.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	17.9	11.7	15.5	17	16.3	15.9	17.5	18.5	20.7	28.2	20
P/S	2.08	1.38	1.84	2.32	2.23	2.35	2.62	2.68	2.98	3.72	2.31
P/B	-12.4	-10.5	-13.6	-16	-32.1	-19.2	-12	-10.8	-11.6	-20.6	-17.2
EV/EBITDA	11.4	8.25	11.8	12.6	12.3	12.4	13.9	14.4	15.4	19.5	13.6
EV/Sales	2.53	1.82	2.27	2.75	2.75	2.84	3.18	3.29	3.63	4.36	2.9
Earnings yield	5.6%	8.53%	6.47%	5.88%	6.15%	6.3%	5.7%	5.4%	4.83%	3.54%	5%
FCF yield	5.15%	6.77%	7.53%	5.94%	8.03%	8.41%	5.96%	4.58%	3.51%	2.54%	5.3%
PEG	—	—	—	—	—	—	—	—	—	—	0.59

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	52.7%	52.7%	53.2%	53.7%	53.6%	52.8%	52.1%	52%	53.1%	52.6%	52.2%
Operating margin	19.4%	19.1%	16.1%	18.7%	19.1%	20.1%	20.1%	19.9%	20.5%	19.1%	20%
Net margin	11.7%	11.8%	11.9%	13.6%	13.7%	14.8%	14.9%	14.5%	14.4%	13.2%	12.7%
ROE	-69.4%	-89.7%	-88%	-94.4%	-197.4%	-120.7%	-68.7%	-58.1%	-56.1%	-73.2%	-73.2%
ROA	14.4%	13.8%	14.3%	16.3%	12%	15%	15.9%	15.8%	15.5%	12.9%	11.4%
ROIC	44.7%	40.6%	44.6%	52.3%	33.3%	44.2%	47%	44%	41.3%	33.4%	33.4%
Return on tangible assets	16.1%	15.3%	15.3%	17.4%	12.5%	15.6%	16.6%	16.4%	16.1%	13.3%	13.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.9	0.97	0.92	0.91	1.08	0.87	0.77	0.8	0.84	0.88	0.9
Quick ratio	0.13	0.15	0.14	0.13	0.37	0.24	0.12	0.12	0.13	0.14	0.14
Debt / equity	-2.78	-3.59	-3.33	-3.07	-9.46	-4.58	-2.63	-2.51	-2.6	-3.6	-0.05
Debt / assets	0.58	0.55	0.54	0.53	0.58	0.57	0.61	0.68	0.72	0.63	0.63
Net debt / EBITDA	2.02	2.01	2.24	1.96	2.32	2.1	2.43	2.67	2.77	2.84	3.23
Interest coverage	13.7	13.2	10.1	11.6	11.7	14.7	16.6	10.9	8.21	7.44	7.52
Effective tax rate	35.1%	33.5%	18.3%	20.4%	21.8%	21.1%	21.1%	20.2%	20.2%	20.3%	20.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	355.8	383	416.1	475.2	536.6	657.9	808.3	943.1	1.1K	1.1K	1.2K
EPS (basic)	41.5	45	49.6	64.8	73.6	97.6	120.8	136.6	153.8	148.8	148.8
EPS (diluted)	40.7	44.1	48.8	63.4	71.9	95.2	117.2	132.4	149.6	144.9	145.3
Book value per share	-59.8	-50.2	-56.4	-68.6	-37.3	-80.8	-176	-235	-274.4	-203.4	-170.1
FCF per share	38.2	35.8	57.8	65.4	96.1	130.3	126.3	115.8	111.6	106.6	91.7
Cash per share	6.35	10.3	8.08	7.06	74.4	52.7	13.1	15	17.2	16.2	20.2
Capex per share	0.09	0.1	0.02	0.26	0.5	1.35	2.88	1.46	—	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.02%	0.03%	0%	0.06%	0.09%	0.2%	0.36%	0.15%	—	—	—
Capex / operating cash flow	0.17%	0.19%	0.02%	0.31%	0.45%	0.86%	1.8%	0.95%	—	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q1 26	Q2 26	Q3 26
Revenue	$4.1B	$5.7B	$4.2B	$3.9B	$4.2B	$6.2B	$4.3B	$4B	$4.5B	$4.6B	$4.3B	$4.8B
YoY change	+5.83%	+6.4%	+5.15%	+4.56%	+3.54%	+9.05%	+2.13%	+2.41%	+5.4%	+8.15%	+8.15%	+8.44%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	189.7M	293.3M	217.8M	176.3M	1.8B	1.2B	264.4M	277.1M	298.2M	271.8M
Receivables	287.7M	280.7M	258.1M	309M	364.8M	378.4M	504.9M	520.4M	545.6M	670.1M
Inventory	3.6B	3.9B	3.9B	4.3B	4.5B	4.6B	5.6B	5.8B	6.2B	7B
Total current assets	4.2B	4.6B	4.6B	5B	6.8B	6.4B	6.6B	6.8B	7.3B	8.3B
Property, plant & equipment	2.1B	2.3B	2.4B	2.5B	5.2B	5.7B	6.3B	3.7B	4.1B	4.5B
Goodwill & intangibles	905.7M	888.8M	624.9M	616.5M	606.7M	605.3M	605.3M	605.3M	605.3M	605.3M
Total assets	8.6B	9.3B	9.3B	9.9B	14.4B	14.5B	15.3B	16B	17.2B	19.4B
Accounts payable	4.1B	4.2B	4.4B	4.9B	5.2B	6B	7.3B	7.2B	7.4B	8B
Short-term debt	44.8M	48.1M	52.3M	56.2M	291.3M	326.5M	336.3M	344.2M	382.4M	395.1M
Total current liabilities	4.7B	4.8B	5B	5.5B	6.3B	7.4B	8.6B	8.5B	8.7B	9.5B
Long-term debt	4.9B	5.1B	5B	5.2B	8B	7.9B	9B	10.6B	12B	11.9B
Total liabilities	10.4B	10.7B	10.9B	11.6B	15.3B	16.3B	18.8B	20.3B	21.9B	22.8B
Shareholders' equity	-1.8B	-1.4B	-1.5B	-1.7B	-878M	-1.8B	-3.5B	-4.3B	-4.7B	-3.4B
Total debt	5B	5.1B	5.1B	5.3B	8.3B	8.2B	9.3B	10.9B	12.4B	12.3B
Net debt	4.8B	4.8B	4.8B	5.1B	6.6B	7.1B	9B	10.7B	12.1B	12B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q1 26	Q2 26
Cash & short-term investments	301.3M	274.9M	277.1M	283M	304.1M	275.4M	298.2M	304M	300.9M	268.6M	287.6M	285.5M
Receivables	484.8M	471M	520.4M	511.9M	501.1M	586.8M	545.6M	533.5M	597.4M	588.5M	637.8M	698.4M
Inventory	5.7B	5.7B	5.8B	5.8B	6B	6.2B	6.2B	6.3B	6.6B	6.8B	7.1B	7.5B
Total current assets	6.8B	6.7B	6.8B	7B	7.2B	7.3B	7.3B	7.4B	7.8B	8B	8.4B	8.8B
Property, plant & equipment	8.2B	8.3B	3.7B	8.7B	8.9B	9.1B	4.1B	9.4B	9.6B	9.9B	10.5B	10.9B
Goodwill & intangibles	605.3M	605.3M	605.3M	605.3M	605.3M	605.3M	605.3M	605.3M	605.3M	605.3M	605.3M	605.3M
Total assets	15.5B	15.6B	16B	16.3B	16.7B	17.1B	17.2B	17.5B	18.1B	18.6B	19.7B	20.4B
Accounts payable	7.3B	7.2B	7.2B	7.2B	7.1B	7.4B	7.4B	7.5B	7.8B	7.9B	8.3B	8.3B
Short-term debt	275.3M	282M	344.2M	288.9M	296.5M	803.2M	382.4M	270.1M	306.2M	314.9M	287.2M	329.1M
Total current liabilities	8.6B	8.5B	8.5B	8.8B	8.8B	9.2B	8.7B	8.9B	9.3B	9.5B	9.8B	9.9B
Long-term debt	9.9B	10.2B	10.6B	11.5B	11.5B	11.5B	12B	12B	12.1B	11.9B	11.8B	12.1B
Total liabilities	19.7B	19.9B	20.3B	21.5B	21.6B	21.9B	21.9B	22.1B	22.6B	22.6B	22.9B	23.3B
Shareholders' equity	-4.2B	-4.3B	-4.3B	-5.2B	-4.8B	-4.8B	-4.7B	-4.7B	-4.5B	-4B	-3.2B	-2.9B
Total debt	10.2B	10.5B	10.9B	11.8B	11.8B	12.3B	12.4B	12.3B	12.4B	12.2B	12B	12.4B
Net debt	9.9B	10.2B	10.7B	11.5B	11.5B	12B	12.1B	12B	12.1B	11.9B	11.8B	12.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.2B	1.3B	1.3B	1.6B	1.7B	2.2B	2.4B	2.5B	2.7B	2.5B
Depreciation & amortization	297.4M	323.1M	345.1M	370M	397.5M	407.7M	442.2M	497.6M	549.8M	613.2M
Stock-based compensation	39.8M	38.2M	43.7M	43.3M	44.8M	56.1M	70.6M	93.1M	106.2M	124.7M
Change in working capital	12.4M	-133.4M	164.5M	65.4M	392.9M	876.5M	67.3M	-298.7M	-328.3M	-379.5M
Operating cash flow	1.6B	1.6B	1.9B	2.1B	2.6B	3.5B	3.2B	2.8B	2.7B	3B
Capital expenditure	2.7M	3M	-459K	6.6M	11.8M	30M	58M	27M	—	—
Investing cash flow	-7M	233K	-72K	4.2M	-40.1M	20M	82.3M	-52.5M	-213.8M	-73.2M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-1.5B	-1.1B	-1.6B	-2B	-930.9M	-3.4B	-4.4B	-3.7B	-3.1B	-1.6B
Financing cash flow	-1.1B	-914.3M	-1.6B	-2B	-643.6M	-3.5B	-3.5B	-2.1B	-2.3B	-1.7B
Net change in cash	467.4M	660.2M	261.3M	173.8M	1.9B	8.6M	-166.6M	735.4M	180.6M	1.2B
Free cash flow	1.1B	1B	1.6B	1.6B	2.3B	2.9B	2.5B	2.1B	1.9B	1.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q1 26	Q2 26
Net income	476.5M	647.7M	864.8M	593.5M	515M	651.7M	902.2M	564.9M	487.9M	608.4M	530.8M	468.9M
Depreciation & amortization	113.7M	116.1M	158.5M	120.2M	125M	129.2M	175.3M	133.2M	137.9M	144.7M	148.2M	155.6M
Stock-based compensation	23.4M	20M	30.7M	22.9M	23M	25.4M	34.9M	26.1M	30.4M	29M	30.7M	36.7M
Change in working capital	-134.8M	83M	-86M	58.2M	-172M	-262M	-196.7M	-80.6M	-316.4M	-138.4M	-68.5M	-246.5M
Operating cash flow	472.4M	853.3M	919M	796.5M	485M	525.9M	656.2M	641.8M	304M	615.2M	944.2M	373.4M
Capital expenditure	1.8M	1.2M	14M	8.2M	—	—	—	12M	—	—	-314.2M	-337.8M
Investing cash flow	-11.3M	-36.6M	-31M	-35.1M	-613K	-137.2M	-23.5M	-18.7M	-7.8M	-8M	-325.6M	-350.2M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-900M	-900M	-999.6M	-1.5B	-222.2M	-728.1M	-703.7M	-540.1M	-326.4M	-268.8M	-427.2M	-314.5M
Financing cash flow	-169.1M	-543.6M	-671.8M	-629.1M	-95.9M	-326.1M	-1.3B	-538.1M	-310.4M	-451.3M	-602.7M	-142.6M
Net change in cash	292M	273.2M	216.2M	132.3M	388.4M	62.6M	-661.6M	85M	-14.2M	155.9M	15.8M	-119.3M
Free cash flow	209.6M	553.5M	701.8M	594.8M	178.7M	434.4M	723.5M	564.8M	291M	423.1M	628.9M	36.7M

AutoZone Inc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement