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AutoZone (AZO) Financials

AutoZone logo
$4,104.35 -23.34 (-0.57%)
Closing price 03:59 PM Eastern
Extended Trading
$4,107.94 +3.59 (+0.09%)
As of 04:04 PM Eastern
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Annual Income Statements for AutoZone

Annual Income Statements for AutoZone

This table shows AutoZone's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 8/30/2014 8/29/2015 8/27/2016 8/26/2017 8/25/2018 8/31/2019 8/29/2020 8/28/2021 8/27/2022 8/26/2023 8/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 1,070 1,160 1,241 1,281 1,338 1,617 1,733 2,170 2,430 2,528 2,662
Consolidated Net Income / (Loss)		 1,070 1,160 1,241 1,281 1,338 1,617 1,733 2,170 2,430 2,528 2,662
Net Income / (Loss) Continuing Operations		 1,070 1,160 1,241 1,281 1,338 1,617 1,733 2,170 2,430 2,528 2,662
Total Pre-Tax Income 		1,663 1,803 1,913 1,925 1,636 2,031 2,217 2,749 3,079 3,168 3,337
Total Operating Income		 1,830 1,953 2,060 2,080 1,811 2,216 2,418 2,945 3,271 3,474 3,789
Total Gross Profit		 4,935 5,327 5,609 5,740 5,974 6,365 6,771 7,718 8,473 9,070 9,817
Total Revenue		 9,475 10,187 10,636 10,889 11,221 11,864 12,632 14,630 16,252 17,457 18,490
Operating Revenue		 9,475 10,187 10,636 10,889 11,221 11,864 12,632 14,630 16,252 17,457 18,490
Total Cost of Revenue		 4,540 4,860 5,027 5,149 5,247 5,499 5,861 6,912 7,780 8,387 8,673
Operating Cost of Revenue		 4,540 4,860 5,027 5,149 5,247 5,499 5,861 6,912 7,780 8,387 8,673
Total Operating Expenses		 3,105 3,374 3,548 3,660 4,163 4,149 4,353 4,773 5,202 5,596 6,028
Selling, General & Admin Expense		 3,105 3,374 3,548 3,660 4,163 4,149 4,353 4,773 5,202 5,596 6,028
Total Other Income / (Expense), net		 -168 -150 -148 -155 -175 -185 -201 -195 -192 -306 -452
Interest & Investment Income		 -168 -150 -148 -155 -175 -185 -201 -195 -192 -306 -452
Income Tax Expense		 593 642 672 645 299 414 484 579 649 639 675
Basic Earnings per Share		 $32.16 $36.76 $41.52 $45.05 $49.59 $64.78 $73.62 $97.60 $120.83 $136.60 $153.82
Weighted Average Basic Shares Outstanding		 33.27M 31.56M 29.89M 28.43M 26.97M 24.97M 23.54M 22.24M 20.11M 18.51M 17.31M
Diluted Earnings per Share		 $31.57 $36.03 $40.70 $44.07 $48.77 $63.43 $71.93 $95.19 $117.19 $132.36 $149.55
Weighted Average Diluted Shares Outstanding		 33.88M 32.21M 30.49M 29.07M 27.42M 25.50M 24.09M 22.80M 20.73M 19.10M 17.80M
Weighted Average Basic & Diluted Shares Outstanding		 32.04M 30.49M 29.90M 28.40M 27M 23.83M 23.18M 20.97M 18.98M 17.68M 16.90M

Quarterly Income Statements for AutoZone

This table shows AutoZone's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 11/19/2022 2/11/2023 5/6/2023 8/26/2023 11/18/2023 2/10/2024 5/4/2024 8/31/2024 11/23/2024 2/15/2025 5/10/2025
Net Income / (Loss) Attributable to Common Shareholders		 539 477 648 865 593 515 652 902 565 488 608
Consolidated Net Income / (Loss)		 539 477 648 865 593 515 652 902 565 488 608
Net Income / (Loss) Continuing Operations		 539 477 648 865 593 515 652 902 565 488 608
Total Pre-Tax Income 		665 604 784 1,114 757 641 796 1,144 734 598 755
Total Operating Income		 723 670 858 1,222 849 743 900 1,297 841 707 866
Total Gross Profit		 1,995 1,930 2,146 3,000 2,214 2,080 2,266 3,258 2,268 2,128 2,354
Total Revenue		 3,985 3,691 4,091 5,691 4,190 3,859 4,235 6,205 4,280 3,952 4,464
Operating Revenue		 3,985 3,691 4,091 5,691 4,190 3,859 4,235 6,205 4,280 3,952 4,464
Total Cost of Revenue		 1,990 1,761 1,944 2,691 1,976 1,779 1,970 2,948 2,012 1,824 2,111
Operating Cost of Revenue		 1,990 1,761 1,944 2,691 1,976 1,779 1,970 2,948 2,012 1,824 2,111
Total Operating Expenses		 1,272 1,260 1,288 1,777 1,365 1,336 1,365 1,961 1,427 1,422 1,487
Selling, General & Admin Expense		 1,272 1,260 1,288 1,777 1,365 1,336 1,365 1,961 1,427 1,422 1,487
Total Other Income / (Expense), net		 -58 -66 -74 -109 -91 -103 -104 -153 -108 -109 -111
Interest & Investment Income		 -58 -66 -74 -109 -91 -103 -104 -153 -108 -109 -111
Income Tax Expense		 126 128 136 249 164 126 144 241 169 110 146
Basic Earnings per Share		 $28.37 $25.48 $35.22 $47.53 $33.51 $29.74 $37.73 $52.84 $33.40 $29.06 $36.33
Weighted Average Basic Shares Outstanding		 19.01M 18.71M 18.39M 18.51M 17.71M 17.32M 17.27M 17.31M 16.91M 16.79M 16.75M
Diluted Earnings per Share		 $27.45 $24.64 $34.12 $46.15 $32.55 $28.89 $36.69 $51.42 $32.52 $28.29 $35.36
Weighted Average Diluted Shares Outstanding		 19.65M 19.34M 18.98M 19.10M 18.23M 17.83M 17.76M 17.80M 17.37M 17.25M 17.21M
Weighted Average Basic & Diluted Shares Outstanding		 18.77M 18.40M 18.16M 17.68M 17.29M 17.30M 17.08M 16.90M 16.78M 16.73M 16.73M

Annual Cash Flow Statements for AutoZone

This table details how cash moves in and out of AutoZone's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 8/30/2014 8/29/2015 8/27/2016 8/26/2017 8/25/2018 8/31/2019 8/29/2020 8/28/2021 8/27/2022 8/26/2023 8/31/2024
Net Change in Cash & Equivalents		 -18 51 14 104 -75 -42 1,575 -579 -907 13 21
Net Cash From Operating Activities		 1,341 1,573 1,641 1,571 2,080 2,129 2,720 3,519 3,211 2,941 3,004
Net Cash From Continuing Operating Activities		 1,341 1,573 1,641 1,571 2,080 2,129 2,720 3,519 3,211 2,941 3,004
Net Income / (Loss) Continuing Operations		 1,070 1,160 1,241 1,281 1,338 1,617 1,733 2,170 2,430 2,528 2,662
Consolidated Net Income / (Loss)		 1,070 1,160 1,241 1,281 1,338 1,617 1,733 2,170 2,430 2,528 2,662
Depreciation Expense		 251 270 297 323 345 370 397 408 442 498 550
Amortization Expense		 6.86 6.23 7.98 8.37 8.39 8.16 11 13 11 9.26 12
Non-Cash Adjustments To Reconcile Net Income		 16 41 40 38 367 43 45 56 86 137 66
Changes in Operating Assets and Liabilities, net		 -2.25 96 55 -80 22 90 534 872 242 -232 -286
Net Cash From Investing Activities		 -448 -568 -506 -554 -522 -492 -498 -602 -648 -876 -1,287
Net Cash From Continuing Investing Activities		 -448 -568 -506 -554 -522 -492 -498 -602 -648 -876 -1,287
Purchase of Property, Plant & Equipment		 -438 -481 -489 -554 -522 -496 -458 -622 -672 -797 -1,073
Purchase of Investments		 -50 -50 -130 -86 -105 -56 -136 -105 -88 -165 -266
Sale and/or Maturity of Investments		 47 46 120 83 70 53 84 95 54 58 41
Other Investing Activities, net		 - 1.74 2.65 2.95 -0.46 6.60 12 30 58 27 12
Net Cash From Financing Activities		 -912 -945 -1,117 -914 -1,632 -1,674 -644 -3,500 -3,470 -2,060 -1,684
Net Cash From Continuing Financing Activities		 -912 -945 -1,117 -914 -1,632 -1,674 -644 -3,500 -3,470 -2,060 -1,684
Repayment of Debt		 -535 -390 -394 -497 -251 -555 -1,631 -310 -578 -899 -1,019
Repurchase of Common Equity		 -1,099 -1,271 -1,452 -1,072 -1,592 -2,005 -931 -3,378 -4,360 -3,700 -3,141
Issuance of Debt		 657 650 650 600 170 750 1,850 0.00 1,353 2,356 2,300
Issuance of Common Equity		 42 67 80 55 90 189 68 188 114 182 176
Effect of Exchange Rate Changes		 0.59 -9.69 -4.27 0.85 -1.72 -4.10 -4.08 4.17 0.51 8.15 -13
Cash Interest Paid		 166 138 137 135 164 153 162 188 179 261 354
Cash Income Taxes Paid		 557 539 582 580 427 384 339 575 461 570 438

Quarterly Cash Flow Statements for AutoZone

This table details how cash moves in and out of AutoZone's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 11/19/2022 2/11/2023 5/6/2023 8/26/2023 11/18/2023 2/10/2024 5/4/2024 8/31/2024 11/23/2024 2/15/2025 5/10/2025
Net Change in Cash & Equivalents		 5.41 31 -26 2.14 5.93 21 -29 23 5.85 -3.11 -32
Net Cash From Operating Activities		 794 354 725 1,068 830 434 669 1,070 812 584 769
Net Cash From Continuing Operating Activities		 794 354 725 1,068 830 434 669 1,070 812 584 769
Net Income / (Loss) Continuing Operations		 539 477 648 865 593 515 652 902 565 488 608
Consolidated Net Income / (Loss)		 539 477 648 865 593 515 652 902 565 488 608
Depreciation Expense		 109 114 116 158 120 125 129 175 133 138 145
Amortization Expense		 1.91 2.02 2.14 3.20 2.81 2.74 2.60 3.83 3.02 3.04 3.02
Non-Cash Adjustments To Reconcile Net Income		 100 33 3.01 0.70 21 9.05 1.35 35 26 30 13
Changes in Operating Assets and Liabilities, net		 43 -271 -44 41 93 -218 -115 -46 85 -76 -0.15
Net Cash From Investing Activities		 -114 -156 -209 -397 -271 -273 -372 -370 -266 -298 -354
Net Cash From Continuing Investing Activities		 -114 -156 -209 -397 -271 -273 -372 -370 -266 -298 -354
Purchase of Property, Plant & Equipment		 -114 -145 -171 -366 -235 -255 -235 -347 -247 -293 -346
Purchase of Investments		 -14 -12 -73 -66 -45 -11 -154 -55 -43 -25 -36
Sale and/or Maturity of Investments		 4.89 -1.44 34 21 1.94 11 8.62 20 13 17 25
Other Investing Activities, net		 10 1.77 1.21 14 8.24 -17 8.54 12 12 2.86 3.35
Net Cash From Financing Activities		 -676 -169 -544 -672 -552 -141 -326 -665 -538 -288 -451
Net Cash From Continuing Financing Activities		 -676 -169 -544 -672 -552 -141 -326 -665 -538 -288 -451
Repayment of Debt		 184 -301 -250 -532 -107 25 -285 -652 -34 9.74 -955
Repurchase of Common Equity		 -900 -900 -900 -1,000 -1,487 -222 -728 -704 -540 -326 -269
Issuance of Debt		 0.00 1,000 524 832 1,000 - 631 669 0.00 - 726
Issuance of Common Equity		 41 32 82 28 41 57 56 22 36 28 47
Effect of Exchange Rate Changes		 1.36 2.21 1.47 3.10 -1.59 1.09 0.17 -12 -2.11 -0.84 3.86

Annual Balance Sheets for AutoZone

This table presents AutoZone's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 8/30/2014 8/29/2015 8/27/2016 8/26/2017 8/25/2018 8/31/2019 8/29/2020 8/28/2021 8/27/2022 8/26/2023 8/31/2024
Total Assets		 7,497 8,102 8,600 9,260 9,347 9,896 14,424 14,516 15,275 15,986 17,177
Total Current Assets		 3,581 3,970 4,240 4,611 4,636 5,029 6,812 6,415 6,628 6,779 7,307
Cash & Equivalents		 124 175 190 293 218 176 1,751 1,171 264 277 298
Accounts Receivable		 201 248 288 281 258 309 365 378 505 520 546
Inventories, net		 3,140 3,422 3,632 3,882 3,944 4,319 4,473 4,640 5,638 5,764 6,155
Other Current Assets		 110 122 130 155 216 224 223 226 221 218 308
Plant, Property, & Equipment, net		 2,792 2,993 3,122 4,031 4,218 4,399 4,509 4,857 5,170 5,597 6,184
Plant, Property & Equipment, gross		 4,982 5,379 5,719 6,873 14,583 7,713 16,273 8,807 9,453 10,338 11,305
Accumulated Depreciation		 2,190 2,386 2,597 2,842 3,073 3,314 3,627 3,950 4,283 4,741 5,122
Total Noncurrent Assets		 606 626 627 618 493 468 3,103 3,244 3,477 3,610 3,686
Goodwill		 368 392 392 392 303 303 303 303 303 303 303
Noncurrent Deferred & Refundable Income Taxes		 45 43 37 35 35 27 28 41 52 86 84
Other Noncurrent Operating Assets		 193 192 198 190 155 139 2,772 2,900 3,122 3,221 3,300
Total Liabilities & Shareholders' Equity		 7,497 8,102 8,600 9,260 9,347 9,896 14,424 14,516 15,275 15,986 17,177
Total Liabilities		 9,119 9,804 10,387 10,688 10,867 11,610 15,302 16,314 18,814 20,336 21,926
Total Current Liabilities		 4,541 4,713 4,690 4,766 5,029 5,512 6,283 7,370 8,588 8,512 8,714
Accounts Payable		 3,609 3,864 4,096 4,169 4,409 4,865 5,156 6,014 7,301 7,201 7,356
Accrued Expenses		 482 532 552 563 607 622 828 1,040 1,009 1,001 1,061
Current Deferred & Payable Income Tax Liabilities		 269 317 43 34 12 25 75 79 35 52 31
Other Current Liabilities		 - - - - - 0.00 224 237 243 257 267
Total Noncurrent Liabilities		 4,578 5,091 5,697 5,922 5,839 6,098 9,019 8,944 10,226 11,824 13,212
Long-Term Debt		 4,142 4,625 4,924 5,081 5,006 5,206 5,513 5,270 6,122 7,669 9,024
Noncurrent Deferred & Payable Income Tax Liabilities		 - 0.00 285 371 285 312 354 337 534 536 447
Other Noncurrent Operating Liabilities		 436 466 488 470 548 579 3,151 3,337 3,570 3,619 3,740
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -1,622 -1,701 -1,788 -1,428 -1,520 -1,714 -878 -1,798 -3,539 -4,350 -4,750
Total Preferred & Common Equity		 -1,622 -1,701 -1,788 -1,428 -1,520 -1,714 -878 -1,798 -3,539 -4,350 -4,750
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -1,622 -1,701 -1,788 -1,428 -1,520 -1,714 -878 -1,798 -3,539 -4,350 -4,750
Common Stock		 844 939 1,055 1,087 1,156 1,265 1,284 1,466 1,354 1,485 1,622
Retained Earnings		 -1,529 -1,419 -1,602 -1,642 -1,209 -1,305 -1,451 -420 -1,330 -2,959 -4,425
Treasury Stock		 -808 -972 -933 -618 -1,231 -1,404 -356 -2,536 -3,263 -2,685 -1,585
Accumulated Other Comprehensive Income / (Loss)		 -129 -250 -308 -255 -236 -269 -354 -308 -301 -191 -362

Quarterly Balance Sheets for AutoZone

This table presents AutoZone's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 11/19/2022 2/11/2023 5/6/2023 8/26/2023 11/18/2023 2/10/2024 5/4/2024 8/31/2024 11/23/2024 2/15/2025 5/10/2025
Total Assets		 15,316 15,545 15,598 15,986 16,293 16,718 17,108 17,177 17,466 18,116 18,622
Total Current Assets		 6,633 6,795 6,709 6,779 6,957 7,157 7,289 7,307 7,421 7,803 7,986
Cash & Equivalents		 270 301 275 277 283 304 275 298 304 301 269
Accounts Receivable		 502 485 471 520 512 501 587 546 533 597 589
Inventories, net		 5,608 5,731 5,704 5,764 5,774 5,970 6,155 6,155 6,274 6,589 6,823
Other Current Assets		 254 277 259 218 387 382 272 308 309 316 306
Plant, Property, & Equipment, net		 5,195 5,236 5,334 5,597 5,713 5,907 6,049 6,184 6,281 6,449 6,727
Plant, Property & Equipment, gross		 9,571 9,724 9,937 10,338 10,550 10,848 11,076 11,305 11,489 11,760 12,128
Accumulated Depreciation		 4,377 4,488 4,603 4,741 4,837 4,940 5,027 5,122 5,208 5,311 5,401
Total Noncurrent Assets		 3,488 3,514 3,555 3,610 3,623 3,653 3,770 3,686 3,764 3,865 3,909
Goodwill		 303 303 303 303 303 303 303 303 303 303 303
Noncurrent Deferred & Refundable Income Taxes		 53 60 62 86 84 85 85 84 79 97 101
Other Noncurrent Operating Assets		 3,132 3,152 3,190 3,221 3,236 3,266 3,382 3,300 3,382 3,465 3,505
Total Liabilities & Shareholders' Equity		 15,316 15,545 15,598 15,986 16,293 16,718 17,108 17,177 17,466 18,116 18,622
Total Liabilities		 19,154 19,729 19,899 20,336 21,506 21,555 21,947 21,926 22,139 22,574 22,596
Total Current Liabilities		 8,709 8,615 8,465 8,512 8,786 8,773 9,193 8,714 8,889 9,267 9,466
Accounts Payable		 7,346 7,322 7,216 7,201 7,183 7,150 7,370 7,356 7,499 7,785 7,887
Accrued Expenses		 983 934 906 1,001 1,203 1,215 989 1,061 1,034 1,024 1,096
Current Deferred & Payable Income Tax Liabilities		 109 84 61 52 111 111 30 31 85 153 167
Other Current Liabilities		 272 275 282 257 289 297 303 267 270 306 315
Total Noncurrent Liabilities		 10,445 11,115 11,435 11,824 12,721 12,782 12,754 13,212 13,250 13,307 13,131
Long-Term Debt		 6,328 7,042 7,340 7,669 8,584 8,631 8,496 9,024 9,013 9,052 8,853
Capital Lease Obligations		 2,838 - 2,862 - 2,911 2,902 2,963 - 2,983 3,007 3,021
Noncurrent Deferred & Payable Income Tax Liabilities		 549 536 538 536 534 540 543 447 496 475 412
Other Noncurrent Operating Liabilities		 729 3,536 694 3,619 692 710 752 3,740 759 772 845
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -3,838 -4,184 -4,302 -4,350 -5,214 -4,837 -4,838 -4,750 -4,673 -4,458 -3,974
Total Preferred & Common Equity		 -3,838 -4,184 -4,302 -4,350 -5,214 -4,837 -4,838 -4,750 -4,673 -4,458 -3,974
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -3,838 -4,184 -4,302 -4,350 -5,214 -4,837 -4,838 -4,750 -4,673 -4,458 -3,974
Common Stock		 1,413 1,324 1,426 1,485 1,549 1,486 1,566 1,622 1,684 1,671 1,746
Retained Earnings		 -791 -4,472 -3,824 -2,959 -2,366 -5,979 -5,327 -4,425 -3,860 -5,421 -4,813
Treasury Stock		 -4,163 -767 -1,676 -2,685 -4,186 -139 -874 -1,585 -2,090 -300 -551
Accumulated Other Comprehensive Income / (Loss)		 -297 -269 -227 -191 -210 -205 -203 -362 -407 -408 -357

Annual Metrics And Ratios for AutoZone

This table displays calculated financial ratios and metrics derived from AutoZone's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 8/30/2014 8/29/2015 8/27/2016 8/26/2017 8/25/2018 8/31/2019 8/29/2020 8/28/2021 8/27/2022 8/26/2023 8/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.58% 7.51% 4.40% 2.38% 3.05% 5.73% 6.48% 15.81% 11.09% 7.41% 5.92%
EBITDA Growth		 3.97% 6.74% 6.13% 1.93% -10.25% 19.86% 8.93% 19.08% 10.67% 6.89% 9.29%
EBIT Growth		 3.22% 6.71% 5.50% 0.95% -12.94% 22.38% 9.09% 21.79% 11.08% 6.21% 9.06%
NOPAT Growth		 3.73% 6.76% 6.34% 3.51% 6.97% 19.20% 7.14% 22.97% 11.03% 7.45% 9.01%
Net Income Growth		 5.24% 8.46% 6.96% 3.21% 4.42% 20.91% 7.16% 25.24% 11.95% 4.07% 5.30%
EPS Growth		 13.60% 14.13% 12.96% 8.28% 10.66% 30.06% 13.40% 32.34% 23.11% 12.94% 12.99%
Operating Cash Flow Growth		 -5.21% 17.28% 4.33% -4.29% 32.45% 2.32% 27.79% 29.35% -8.74% -8.42% 2.15%
Free Cash Flow Firm Growth		 -148.47% 617.83% 240.85% -67.76% 61.91% 9.15% 35.31% 25.25% -11.87% -20.01% 1.83%
Invested Capital Growth		 46.48% 8.79% -36.24% 14.01% -2.73% 1.48% -13.02% -20.23% 0.78% 31.17% 30.74%
Revenue Q/Q Growth		 -0.48% 2.42% 1.03% 1.06% 0.41% 3.76% 4.62% 2.58% 2.75% 2.00% 2.86%
EBITDA Q/Q Growth		 0.06% 2.14% 1.80% 0.56% -4.90% 8.38% 9.50% 0.89% 1.94% 3.54% 2.15%
EBIT Q/Q Growth		 -0.33% 2.04% 1.68% 0.21% -6.04% 9.35% 10.88% 0.89% 1.86% 3.54% 2.00%
NOPAT Q/Q Growth		 -0.42% 2.11% 1.91% 0.84% -1.66% 10.82% 10.40% 1.79% 1.09% 3.36% 2.53%
Net Income Q/Q Growth		 0.23% 2.42% 2.11% 0.56% -2.45% 11.36% 11.25% 2.13% 1.01% 2.22% 1.42%
EPS Q/Q Growth		 2.80% 4.31% 3.91% 2.27% -0.45% 13.43% 13.17% 4.75% 4.46% 4.73% 3.65%
Operating Cash Flow Q/Q Growth		 -10.00% 14.88% -1.68% 1.00% 14.44% 0.85% 26.81% -3.53% -1.84% -5.16% 0.07%
Free Cash Flow Firm Q/Q Growth		 -115.62% -3.86% 157.07% -6.44% 17.15% 8.71% 453.34% -0.34% -1.79% -3.45% 20.77%
Invested Capital Q/Q Growth		 75.20% 68.88% 2.43% 4.61% -3.17% -2.13% -49.90% -55.09% -54.23% -45.94% -41.91%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 52.08% 52.29% 52.74% 52.71% 53.24% 53.65% 53.60% 52.75% 52.13% 51.96% 53.09%
EBITDA Margin		 22.04% 21.88% 22.24% 22.15% 19.29% 21.87% 22.37% 23.00% 22.92% 22.80% 23.53%
Operating Margin		 19.32% 19.17% 19.37% 19.10% 16.14% 18.68% 19.14% 20.13% 20.12% 19.90% 20.49%
EBIT Margin		 19.32% 19.17% 19.37% 19.10% 16.14% 18.68% 19.14% 20.13% 20.12% 19.90% 20.49%
Profit (Net Income) Margin		 11.29% 11.39% 11.67% 11.76% 11.92% 13.63% 13.72% 14.84% 14.95% 14.48% 14.40%
Tax Burden Percent		 64.34% 64.36% 64.88% 66.52% 81.74% 79.61% 78.18% 78.94% 78.91% 79.82% 79.78%
Interest Burden Percent		 90.85% 92.30% 92.83% 92.57% 90.36% 91.66% 91.68% 93.37% 94.14% 91.18% 88.08%
Effective Tax Rate		 35.66% 35.64% 35.12% 33.48% 18.26% 20.39% 21.82% 21.06% 21.09% 20.18% 20.22%
Return on Invested Capital (ROIC)		 32.94% 28.34% 35.33% 43.88% 44.67% 53.60% 60.97% 89.65% 111.73% 103.46% 86.14%
ROIC Less NNEP Spread (ROIC-NNEP)		 30.88% 26.76% 33.59% 41.72% 41.69% 50.60% 57.39% 85.73% 108.69% 99.77% 81.67%
Return on Net Nonoperating Assets (RNNOA)		 -97.60% -98.17% -106.47% -123.54% -135.39% -153.60% -194.69% -251.89% -202.79% -167.56% -144.66%
Return on Equity (ROE)		 -64.65% -69.83% -71.14% -79.66% -90.72% -100.01% -133.73% -162.24% -91.06% -64.10% -58.52%
Cash Return on Invested Capital (CROIC)		 -4.77% 19.92% 79.59% 30.79% 47.44% 52.12% 74.89% 112.16% 110.96% 76.49% 59.49%
Operating Return on Assets (OROA)		 25.44% 25.04% 24.67% 23.29% 19.46% 23.03% 19.88% 20.35% 21.96% 22.23% 22.85%
Return on Assets (ROA)		 14.87% 14.88% 14.86% 14.34% 14.38% 16.81% 14.25% 15.00% 16.31% 16.18% 16.06%
Return on Common Equity (ROCE)		 -64.65% -69.83% -71.14% -79.66% -90.72% -100.01% -133.73% -162.24% -91.06% -64.10% -58.52%
Return on Equity Simple (ROE_SIMPLE)		 -65.96% -68.19% -69.43% -89.67% -87.98% -94.36% -197.38% -120.74% -68.65% -58.13% -56.06%
Net Operating Profit after Tax (NOPAT)		 1,178 1,257 1,337 1,384 1,480 1,764 1,890 2,325 2,581 2,773 3,023
NOPAT Margin		 12.43% 12.34% 12.57% 12.71% 13.19% 14.87% 14.96% 15.89% 15.88% 15.88% 16.35%
Net Nonoperating Expense Percent (NNEP)		 2.06% 1.59% 1.73% 2.16% 2.98% 3.00% 3.58% 3.92% 3.04% 3.69% 4.47%
Cost of Revenue to Revenue		 47.92% 47.71% 47.26% 47.29% 46.76% 46.35% 46.40% 47.25% 47.87% 48.04% 46.91%
SG&A Expenses to Revenue		 32.77% 33.12% 33.36% 33.61% 37.10% 34.97% 34.46% 32.63% 32.01% 32.06% 32.60%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 32.77% 33.12% 33.36% 33.61% 37.10% 34.97% 34.46% 32.63% 32.01% 32.06% 32.60%
Earnings before Interest and Taxes (EBIT)		 1,830 1,953 2,060 2,080 1,811 2,216 2,418 2,945 3,271 3,474 3,789
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,088 2,229 2,366 2,411 2,164 2,594 2,826 3,365 3,724 3,981 4,350
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.85 2.20 2.07 1.36 1.82 2.28 2.20 2.28 2.59 2.55 2.94
Price to Earnings (P/E)		 16.42 19.33 17.75 11.58 15.23 16.71 16.03 15.37 17.35 17.62 20.41
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 6.09% 5.17% 5.63% 8.64% 6.57% 5.98% 6.24% 6.51% 5.76% 5.68% 4.90%
Enterprise Value to Invested Capital (EV/IC)		 5.12 5.81 9.08 5.84 7.70 9.67 10.93 16.28 20.70 17.08 15.86
Enterprise Value to Revenue (EV/Rev)		 2.30 2.64 2.52 1.80 2.24 2.70 2.50 2.56 2.95 2.98 3.41
Enterprise Value to EBITDA (EV/EBITDA)		 10.42 12.06 11.31 8.13 11.62 12.36 11.16 11.13 12.89 13.05 14.50
Enterprise Value to EBIT (EV/EBIT)		 11.89 13.76 12.99 9.43 13.89 14.46 13.05 12.72 14.68 14.95 16.65
Enterprise Value to NOPAT (EV/NOPAT)		 18.48 21.38 20.02 14.18 17.00 18.17 16.69 16.12 18.60 18.73 20.87
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.23 17.09 16.31 12.49 12.09 15.06 11.60 10.65 14.95 17.66 21.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 30.41 8.89 20.20 16.00 18.68 13.58 12.88 18.73 25.33 30.21
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -2.67 -2.72 -2.75 -3.56 -3.29 -3.04 -6.28 -2.93 -1.73 -1.76 -1.90
Long-Term Debt to Equity		 -2.55 -2.72 -2.75 -3.56 -3.29 -3.04 -6.28 -2.93 -1.73 -1.76 -1.90
Financial Leverage		 -3.16 -3.67 -3.17 -2.96 -3.25 -3.04 -3.39 -2.94 -1.87 -1.68 -1.77
Leverage Ratio		 -4.35 -4.69 -4.79 -5.55 -6.31 -5.95 -9.38 -10.82 -5.58 -3.96 -3.64
Compound Leverage Factor		 -3.95 -4.33 -4.44 -5.14 -5.70 -5.45 -8.60 -10.10 -5.26 -3.61 -3.21
Debt to Total Capital		 160.04% 158.20% 156.99% 139.10% 143.62% 149.07% 118.94% 151.77% 237.00% 231.07% 211.11%
Short-Term Debt to Total Capital		 6.70% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 153.34% 158.20% 156.99% 139.10% 143.62% 149.07% 118.94% 151.77% 237.00% 231.07% 211.11%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -60.04% -58.20% -56.99% -39.10% -43.62% -49.07% -18.94% -51.77% -137.00% -131.07% -111.11%
Debt to EBITDA		 2.07 2.07 2.08 2.11 2.31 2.01 1.95 1.57 1.64 1.93 2.07
Net Debt to EBITDA		 2.01 2.00 2.00 1.99 2.21 1.94 1.33 1.22 1.57 1.86 2.01
Long-Term Debt to EBITDA		 1.98 2.07 2.08 2.11 2.31 2.01 1.95 1.57 1.64 1.93 2.07
Debt to NOPAT		 3.67 3.68 3.68 3.67 3.38 2.95 2.92 2.27 2.37 2.77 2.99
Net Debt to NOPAT		 3.57 3.54 3.54 3.46 3.23 2.85 1.99 1.76 2.27 2.67 2.89
Long-Term Debt to NOPAT		 3.52 3.68 3.68 3.67 3.38 2.95 2.92 2.27 2.37 2.77 2.99
Altman Z-Score		 2.79 3.07 2.98 2.48 2.73 3.09 2.42 2.78 2.84 2.73 2.83
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.79 0.84 0.90 0.97 0.92 0.91 1.08 0.87 0.77 0.80 0.84
Quick Ratio		 0.07 0.09 0.10 0.12 0.09 0.09 0.34 0.21 0.09 0.09 0.10
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -171 884 3,012 971 1,572 1,716 2,322 2,908 2,563 2,050 2,088
Operating Cash Flow to CapEx		 306.14% 327.32% 335.74% 283.59% 398.69% 429.09% 594.25% 565.89% 477.57% 369.14% 280.05%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.32 1.31 1.27 1.22 1.21 1.23 1.04 1.01 1.09 1.12 1.12
Accounts Receivable Turnover		 50.87 45.40 39.72 38.31 41.65 41.84 37.50 39.37 36.80 34.05 34.69
Inventory Turnover		 1.51 1.48 1.43 1.37 1.34 1.33 1.33 1.52 1.51 1.47 1.46
Fixed Asset Turnover		 2.35 1.97 2.33 2.80 2.72 2.75 2.84 3.12 3.24 3.24 3.14
Accounts Payable Turnover		 1.31 1.30 1.26 1.25 1.22 1.19 1.17 1.24 1.17 1.16 1.19
Days Sales Outstanding (DSO)		 7.18 8.04 9.19 9.53 8.76 8.72 9.73 9.27 9.92 10.72 10.52
Days Inventory Outstanding (DIO)		 241.21 246.39 256.07 266.32 272.18 274.24 273.77 240.62 241.11 248.12 250.80
Days Payable Outstanding (DPO)		 278.02 280.62 288.98 292.93 298.35 307.81 312.03 294.94 312.36 315.58 306.31
Cash Conversion Cycle (CCC)		 -29.63 -26.19 -23.72 -17.08 -17.41 -24.85 -28.53 -45.05 -61.34 -56.75 -44.98
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 4,248 4,622 2,947 3,360 3,268 3,316 2,885 2,301 2,319 3,042 3,977
Invested Capital Turnover		 2.65 2.30 2.81 3.45 3.39 3.60 4.07 5.64 7.04 6.51 5.27
Increase / (Decrease) in Invested Capital		 1,348 373 -1,675 413 -92 48 -432 -584 18 723 935
Enterprise Value (EV)		 21,765 26,875 26,760 19,615 25,158 32,053 31,540 37,460 48,010 51,935 63,075
Market Capitalization		 17,566 22,425 22,025 14,827 20,370 27,023 27,777 33,362 42,152 44,544 54,349
Book Value per Share		 ($49.75) ($55.11) ($61.15) ($50.96) ($57.51) ($69.87) ($37.59) ($83.43) ($181.60) ($239.58) ($278.03)
Tangible Book Value per Share		 ($61.03) ($67.80) ($74.56) ($64.94) ($68.96) ($82.21) ($50.54) ($97.48) ($197.13) ($256.25) ($295.75)
Total Capital		 2,701 2,923 3,137 3,653 3,486 3,492 4,635 3,472 2,583 3,319 4,275
Total Debt		 4,323 4,625 4,924 5,081 5,006 5,206 5,513 5,270 6,122 7,669 9,024
Total Long-Term Debt		 4,142 4,625 4,924 5,081 5,006 5,206 5,513 5,270 6,122 7,669 9,024
Net Debt		 4,199 4,450 4,734 4,788 4,788 5,030 3,763 4,098 5,858 7,391 8,726
Capital Expenditures (CapEx)		 438 481 489 554 522 496 458 622 672 797 1,073
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -904 -918 -640 -448 -611 -660 -1,222 -2,126 -2,225 -2,009 -1,706
Debt-free Net Working Capital (DFNWC)		 -780 -743 -451 -155 -393 -483 529 -954 -1,960 -1,732 -1,407
Net Working Capital (NWC)		 -960 -743 -451 -155 -393 -483 529 -954 -1,960 -1,732 -1,407
Net Nonoperating Expense (NNE)		 108 97 96 103 143 147 157 154 151 245 360
Net Nonoperating Obligations (NNO)		 5,870 6,323 4,734 4,788 4,788 5,030 3,763 4,098 5,858 7,391 8,726
Total Depreciation and Amortization (D&A)		 258 276 305 331 353 378 408 421 453 507 562
Debt-free, Cash-free Net Working Capital to Revenue		 -9.54% -9.01% -6.02% -4.12% -5.44% -5.56% -9.67% -14.53% -13.69% -11.51% -9.22%
Debt-free Net Working Capital to Revenue		 -8.23% -7.29% -4.24% -1.42% -3.50% -4.08% 4.19% -6.52% -12.06% -9.92% -7.61%
Net Working Capital to Revenue		 -10.14% -7.29% -4.24% -1.42% -3.50% -4.08% 4.19% -6.52% -12.06% -9.92% -7.61%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $64.78 $73.62 $97.60 $120.83 $136.60 $153.82
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 24.97M 23.54M 22.24M 20.11M 18.51M 17.31M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $63.43 $71.93 $95.19 $117.19 $132.36 $149.55
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 25.50M 24.09M 22.80M 20.73M 19.10M 17.80M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 23.83M 23.18M 20.97M 18.98M 17.68M 16.90M
Normalized Net Operating Profit after Tax (NOPAT)		 1,178 1,257 1,337 1,384 1,480 1,764 1,890 2,325 2,581 2,773 3,023
Normalized NOPAT Margin		 12.43% 12.34% 12.57% 12.71% 13.19% 14.87% 14.96% 15.89% 15.88% 15.88% 16.35%
Pre Tax Income Margin		 17.55% 17.69% 17.98% 17.68% 14.58% 17.12% 17.55% 18.79% 18.95% 18.15% 18.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 102.75% 109.58% 117.04% 83.67% 119.03% 123.97% 53.72% 155.66% 179.45% 146.32% 117.97%

Quarterly Metrics And Ratios for AutoZone

This table displays calculated financial ratios and metrics derived from AutoZone's official financial filings.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 11/19/2022 2/11/2023 5/6/2023 8/26/2023 11/18/2023 2/10/2024 5/4/2024 8/31/2024 11/23/2024 2/15/2025 5/10/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.62% 9.53% 5.83% 6.40% 5.15% 4.56% 3.54% 9.05% 2.13% 2.41% 5.40%
EBITDA Growth		 -2.63% 7.75% 9.72% 10.90% 16.48% 10.85% 5.66% 6.62% 0.59% -2.67% -1.76%
EBIT Growth		 -4.17% 6.90% 9.27% 10.75% 17.37% 10.94% 4.86% 6.07% -0.88% -4.91% -3.78%
NOPAT Growth		 -0.50% 4.39% 13.29% 10.39% 13.47% 13.11% 3.97% 7.77% -2.60% -3.48% -5.31%
Net Income Growth		 -2.87% 1.02% 9.31% 6.76% 10.04% 8.08% 0.62% 4.32% -4.81% -5.26% -6.64%
EPS Growth		 6.85% 10.49% 17.53% 14.89% 18.58% 17.25% 7.53% 11.42% -0.09% -2.08% -3.63%
Operating Cash Flow Growth		 2.01% -2.03% -14.07% -13.03% 4.62% 22.47% -7.62% 0.21% -2.22% 34.47% 14.87%
Free Cash Flow Firm Growth		 -160.98% 229.39% -78.07% -73.11% 88.05% -205.18% -422.27% -61.12% -36.46% 89.70% 81.99%
Invested Capital Growth		 131.49% -49.92% 11.04% 31.17% 18.55% 149.95% 21.68% 30.74% 17.02% 14.24% 11.47%
Revenue Q/Q Growth		 -25.49% -7.38% 10.83% 39.12% -26.37% -7.90% 9.75% 46.51% -31.03% -7.66% 12.96%
EBITDA Q/Q Growth		 -33.16% -5.81% 24.31% 41.71% -29.80% -10.36% 18.49% 43.01% -33.78% -13.26% 19.60%
EBIT Q/Q Growth		 -34.50% -7.34% 28.14% 42.40% -30.58% -12.42% 21.12% 44.05% -35.13% -15.98% 22.55%
NOPAT Q/Q Growth		 -31.84% -9.87% 34.23% 33.87% -29.94% -10.16% 23.38% 38.76% -36.68% -10.98% 21.05%
Net Income Q/Q Growth		 -33.42% -11.64% 35.92% 33.52% -31.38% -13.22% 26.54% 38.43% -37.38% -13.63% 24.70%
EPS Q/Q Growth		 -31.67% -10.24% 38.47% 35.26% -29.47% -11.24% 27.00% 40.15% -36.76% -13.01% 24.99%
Operating Cash Flow Q/Q Growth		 -35.38% -55.33% 104.45% 47.37% -22.26% -47.71% 54.21% 59.86% -24.15% -28.09% 31.74%
Free Cash Flow Firm Q/Q Growth		 -371.67% 234.51% -95.14% 51.31% -220.75% -1,083.54% 85.10% 118.25% -523.81% 10.66% 73.94%
Invested Capital Q/Q Growth		 118.18% -49.46% 120.04% -45.94% 97.19% 6.56% 7.12% -41.91% 76.50% 4.02% 4.52%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 50.05% 52.29% 52.47% 52.71% 52.84% 53.89% 53.49% 52.50% 53.00% 53.86% 52.72%
EBITDA Margin		 20.93% 21.29% 23.88% 24.32% 23.19% 22.57% 24.37% 23.78% 22.84% 21.45% 22.71%
Operating Margin		 18.14% 18.15% 20.99% 21.48% 20.25% 19.26% 21.25% 20.90% 19.65% 17.88% 19.40%
EBIT Margin		 18.14% 18.15% 20.99% 21.48% 20.25% 19.26% 21.25% 20.90% 19.65% 17.88% 19.40%
Profit (Net Income) Margin		 13.53% 12.91% 15.83% 15.20% 14.16% 13.35% 15.39% 14.54% 13.20% 12.35% 13.63%
Tax Burden Percent		 81.06% 78.85% 82.60% 77.65% 78.37% 80.40% 81.90% 78.90% 77.02% 81.60% 80.60%
Interest Burden Percent		 92.02% 90.21% 91.34% 91.11% 89.23% 86.19% 88.40% 88.19% 87.20% 84.60% 87.15%
Effective Tax Rate		 18.94% 21.15% 17.40% 22.35% 21.63% 19.60% 18.10% 21.10% 22.98% 18.40% 19.40%
Return on Invested Capital (ROIC)		 67.27% 63.10% 55.49% 108.65% 50.71% 61.71% 50.18% 86.87% 43.22% 39.80% 40.84%
ROIC Less NNEP Spread (ROIC-NNEP)		 66.57% 62.41% 54.83% 107.38% 50.00% 60.79% 49.38% 85.37% 42.49% 39.03% 40.07%
Return on Net Nonoperating Assets (RNNOA)		 -147.44% -127.72% -131.07% -180.34% -111.07% -121.09% -116.77% -151.22% -98.43% -96.52% -105.88%
Return on Equity (ROE)		 -80.17% -64.62% -75.58% -71.69% -60.36% -59.38% -66.60% -64.35% -55.22% -56.72% -65.05%
Cash Return on Invested Capital (CROIC)		 -8.17% 134.39% 39.72% 76.49% 34.61% -20.41% 27.72% 59.49% 30.50% 30.30% 29.84%
Operating Return on Assets (OROA)		 20.19% 20.70% 23.85% 23.99% 22.63% 21.29% 23.36% 23.30% 21.63% 19.17% 20.53%
Return on Assets (ROA)		 15.06% 14.72% 18.00% 16.97% 15.83% 14.75% 16.91% 16.21% 14.53% 13.24% 14.42%
Return on Common Equity (ROCE)		 -80.17% -64.62% -75.58% -71.69% -60.36% -59.38% -66.60% -64.35% -55.22% -56.72% -65.05%
Return on Equity Simple (ROE_SIMPLE)		 -62.89% -57.80% -57.51% 0.00% -49.53% -54.18% -54.26% 0.00% -56.37% -58.48% -64.50%
Net Operating Profit after Tax (NOPAT)		 586 528 709 949 665 598 737 1,023 648 577 698
NOPAT Margin		 14.71% 14.31% 17.34% 16.68% 15.87% 15.48% 17.41% 16.49% 15.14% 14.59% 15.64%
Net Nonoperating Expense Percent (NNEP)		 0.71% 0.69% 0.67% 1.27% 0.71% 0.92% 0.79% 1.50% 0.72% 0.77% 0.77%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - 10.59% 8.93% - - 8.85% 7.59% 8.84%
Cost of Revenue to Revenue		 49.95% 47.71% 47.53% 47.29% 47.16% 46.11% 46.51% 47.50% 47.00% 46.14% 47.28%
SG&A Expenses to Revenue		 31.91% 34.14% 31.48% 31.23% 32.59% 34.63% 32.24% 31.60% 33.34% 35.97% 33.32%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 31.91% 34.14% 31.48% 31.23% 32.59% 34.63% 32.24% 31.60% 33.34% 35.97% 33.32%
Earnings before Interest and Taxes (EBIT)		 723 670 858 1,222 849 743 900 1,297 841 707 866
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 834 786 977 1,384 972 871 1,032 1,476 977 848 1,014
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 2.82 2.79 2.89 2.55 2.63 2.60 2.84 2.94 2.82 3.11 3.24
Price to Earnings (P/E)		 19.35 19.50 20.02 17.62 17.99 17.68 19.46 20.41 19.89 22.27 23.91
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 5.17% 5.13% 5.00% 5.68% 5.56% 5.66% 5.14% 4.90% 5.03% 4.49% 4.18%
Enterprise Value to Invested Capital (EV/IC)		 10.99 21.09 10.57 17.08 9.61 9.01 9.17 15.86 9.13 9.56 9.55
Enterprise Value to Revenue (EV/Rev)		 3.36 3.19 3.47 2.98 3.26 3.23 3.49 3.41 3.45 3.74 3.86
Enterprise Value to EBITDA (EV/EBITDA)		 15.02 14.35 15.46 13.05 14.00 13.70 14.74 14.50 14.71 16.11 16.89
Enterprise Value to EBIT (EV/EBIT)		 17.17 16.42 17.72 14.95 16.02 15.67 16.90 16.65 16.95 18.64 19.64
Enterprise Value to NOPAT (EV/NOPAT)		 21.57 20.74 22.16 18.73 20.22 19.71 21.29 20.87 21.32 23.39 24.75
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.23 16.75 19.17 17.66 19.37 18.83 20.91 21.00 21.46 22.26 22.53
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 10.47 28.00 25.33 30.14 0.00 36.31 30.21 32.29 33.65 33.75
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -2.39 -1.68 -2.37 -1.76 -2.20 -2.38 -2.47 -1.90 -2.57 -2.71 -2.99
Long-Term Debt to Equity		 -2.39 -1.68 -2.37 -1.76 -2.20 -2.38 -2.37 -1.90 -2.57 -2.71 -2.99
Financial Leverage		 -2.22 -2.05 -2.39 -1.68 -2.22 -1.99 -2.36 -1.77 -2.32 -2.47 -2.64
Leverage Ratio		 -4.99 -4.05 -3.92 -3.96 -3.49 -3.58 -3.58 -3.64 -3.41 -3.75 -4.05
Compound Leverage Factor		 -4.60 -3.65 -3.58 -3.61 -3.12 -3.08 -3.16 -3.21 -2.98 -3.17 -3.53
Debt to Total Capital		 172.02% 246.40% 172.90% 231.07% 183.01% 172.25% 167.94% 211.11% 163.82% 158.64% 150.31%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.02% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 172.02% 246.40% 172.90% 231.07% 183.01% 172.25% 160.92% 211.11% 163.82% 158.64% 150.31%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -72.02% -146.40% -72.90% -131.07% -83.01% -72.25% -67.94% -111.11% -63.82% -58.64% -50.31%
Debt to EBITDA		 2.48 1.87 2.65 1.93 2.79 2.74 2.81 2.07 2.75 2.78 2.75
Net Debt to EBITDA		 2.40 1.79 2.58 1.86 2.72 2.67 2.74 2.01 2.68 2.71 2.69
Long-Term Debt to EBITDA		 2.48 1.87 2.65 1.93 2.79 2.74 2.69 2.07 2.75 2.78 2.75
Debt to NOPAT		 3.56 2.71 3.80 2.77 4.03 3.95 4.06 2.99 3.99 4.04 4.03
Net Debt to NOPAT		 3.45 2.59 3.70 2.67 3.93 3.84 3.96 2.89 3.89 3.94 3.94
Long-Term Debt to NOPAT		 3.56 2.71 3.80 2.77 4.03 3.95 3.89 2.99 3.99 4.04 4.03
Altman Z-Score		 2.47 2.12 2.29 2.27 2.21 1.89 2.05 2.35 2.23 2.19 2.34
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.76 0.79 0.79 0.80 0.79 0.82 0.79 0.84 0.83 0.84 0.84
Quick Ratio		 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.10 0.09 0.10 0.09
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,288 3,077 150 226 -273 -3,236 -482 88 -373 -333 -87
Operating Cash Flow to CapEx		 693.71% 244.74% 423.30% 291.63% 352.66% 169.99% 284.76% 308.62% 328.62% 199.43% 222.34%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.11 1.14 1.14 1.12 1.12 1.11 1.10 1.12 1.10 1.07 1.06
Accounts Receivable Turnover		 37.61 37.94 37.58 34.05 34.85 36.17 33.99 34.69 35.55 34.00 32.16
Inventory Turnover		 1.55 1.52 1.50 1.47 1.47 1.43 1.42 1.46 1.45 1.39 1.37
Fixed Asset Turnover		 3.30 3.34 3.32 3.24 3.24 3.20 3.16 3.14 3.10 3.02 2.96
Accounts Payable Turnover		 1.19 1.20 1.18 1.16 1.15 1.16 1.15 1.19 1.19 1.17 1.17
Days Sales Outstanding (DSO)		 9.71 9.62 9.71 10.72 10.47 10.09 10.74 10.52 10.27 10.74 11.35
Days Inventory Outstanding (DIO)		 235.93 239.45 242.58 248.12 248.10 254.50 257.14 250.80 252.49 261.86 266.32
Days Payable Outstanding (DPO)		 307.35 304.81 308.46 315.58 316.69 314.74 316.26 306.31 307.68 311.40 313.08
Cash Conversion Cycle (CCC)		 -61.72 -55.74 -56.17 -56.75 -58.12 -50.15 -48.37 -44.98 -44.91 -38.80 -35.42
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,059 2,557 5,626 3,042 5,998 6,391 6,846 3,977 7,019 7,301 7,631
Invested Capital Turnover		 4.57 4.41 3.20 6.51 3.19 3.99 2.88 5.27 2.85 2.73 2.61
Increase / (Decrease) in Invested Capital		 2,874 -2,549 559 723 939 3,834 1,220 935 1,021 910 785
Enterprise Value (EV)		 55,607 53,912 59,447 51,935 57,666 57,570 62,766 63,075 64,084 69,801 72,894
Market Capitalization		 46,710 47,171 49,519 44,544 46,455 46,342 51,082 54,349 52,393 58,042 61,289
Book Value per Share		 ($202.19) ($222.97) ($233.81) ($239.58) ($294.83) ($279.74) ($279.62) ($278.03) ($276.43) ($265.63) ($237.58)
Tangible Book Value per Share		 ($218.14) ($239.10) ($250.26) ($256.25) ($311.95) ($297.25) ($297.11) ($295.75) ($294.34) ($283.66) ($255.67)
Total Capital		 5,329 2,858 5,901 3,319 6,281 6,695 7,121 4,275 7,323 7,602 7,899
Total Debt		 9,167 7,042 10,203 7,669 11,494 11,532 11,959 9,024 11,996 12,060 11,874
Total Long-Term Debt		 9,167 7,042 10,203 7,669 11,494 11,532 11,459 9,024 11,996 12,060 11,874
Net Debt		 8,897 6,741 9,928 7,391 11,211 11,228 11,684 8,726 11,691 11,759 11,605
Capital Expenditures (CapEx)		 114 145 171 366 235 255 235 347 247 293 346
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2,346 -2,121 -2,031 -2,009 -2,112 -1,920 -1,678 -1,706 -1,772 -1,766 -1,748
Debt-free Net Working Capital (DFNWC)		 -2,076 -1,820 -1,756 -1,732 -1,829 -1,616 -1,403 -1,407 -1,468 -1,465 -1,480
Net Working Capital (NWC)		 -2,076 -1,820 -1,756 -1,732 -1,829 -1,616 -1,903 -1,407 -1,468 -1,465 -1,480
Net Nonoperating Expense (NNE)		 47 52 61 84 72 83 86 121 83 89 90
Net Nonoperating Obligations (NNO)		 8,897 6,741 9,928 7,391 11,211 11,228 11,684 8,726 11,691 11,759 11,605
Total Depreciation and Amortization (D&A)		 111 116 118 162 123 128 132 179 136 141 148
Debt-free, Cash-free Net Working Capital to Revenue		 -14.16% -12.56% -11.87% -11.51% -11.96% -10.77% -9.34% -9.22% -9.54% -9.46% -9.25%
Debt-free Net Working Capital to Revenue		 -12.53% -10.77% -10.26% -9.92% -10.35% -9.06% -7.81% -7.61% -7.90% -7.84% -7.83%
Net Working Capital to Revenue		 -12.53% -10.77% -10.26% -9.92% -10.35% -9.06% -10.59% -7.61% -7.90% -7.84% -7.83%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $28.37 $25.48 $35.22 $47.53 $33.51 $29.74 $37.73 $52.84 $33.40 $29.06 $36.33
Adjusted Weighted Average Basic Shares Outstanding		 19.01M 18.71M 18.39M 18.51M 17.71M 17.32M 17.27M 17.31M 16.91M 16.79M 16.75M
Adjusted Diluted Earnings per Share		 $27.45 $24.64 $34.12 $46.15 $32.55 $28.89 $36.69 $51.42 $32.52 $28.29 $35.36
Adjusted Weighted Average Diluted Shares Outstanding		 19.65M 19.34M 18.98M 19.10M 18.23M 17.83M 17.76M 17.80M 17.37M 17.25M 17.21M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 18.77M 18.40M 18.16M 17.68M 17.29M 17.30M 17.08M 16.90M 16.78M 16.73M 16.73M
Normalized Net Operating Profit after Tax (NOPAT)		 586 528 709 949 665 598 737 1,023 648 577 698
Normalized NOPAT Margin		 14.71% 14.31% 17.34% 16.68% 15.87% 15.48% 17.41% 16.49% 15.14% 14.59% 15.64%
Pre Tax Income Margin		 16.70% 16.37% 19.17% 19.57% 18.07% 16.60% 18.79% 18.43% 17.14% 15.13% 16.91%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 180.64% 152.99% 149.58% 146.32% 165.98% 137.68% 130.92% 117.97% 83.30% 88.17% 71.74%

Key Financial Trends

AutoZone (NYSE:AZO) has demonstrated strong financial performance over the past four years with consistent revenue growth and solid profitability. Here are the key financial highlights and trends based on the recent quarterly financial statements:

  • Revenue Growth: AutoZone's quarterly operating revenue grew from approximately $3.9 billion in Q2 2023 to $4.5 billion in Q3 2025, indicating steady top-line growth driven by demand in auto parts and related services.
  • Strong Profitability: Net income has shown an increasing trend from around $476 million in Q2 2023 up to $608 million in Q3 2025, reflecting effective cost management and solid operational performance.
  • Robust Operating Cash Flow: Net cash from operating activities increased from about $434 million in Q2 2025 to $769 million in Q3 2025, supporting the company’s investment and financing activities.
  • Consistent Gross Margins: Gross profit margins remain healthy, with total gross profit increasing from approximately $1.94 billion in early 2023 to over $2.35 billion in Q3 2025, suggesting efficient supply chain and pricing strategies.
  • Controlled Selling, General & Administrative Expenses: SG&A expenses remained relatively stable as a percentage of revenue, supporting strong operating margins.
  • Capital Expenditures: AutoZone has continued investing in property, plant, and equipment (PPE), with quarterly investments around $235 million to $346 million, signaling growth and maintenance of physical assets.
  • Inventory Increase: Inventory levels have risen from approximately $5.6 billion in Q1 2023 to $6.8 billion in Q3 2025, which may reflect expansion but also warrants monitoring for inventory efficiency.
  • Debt Levels: Long-term debt increased from around $6.3 billion in Q1 2023 to $8.9 billion in Q3 2025. While manageable, investors should watch leverage metrics as the company balances financing activities.
  • Share Repurchases: The company has consistently repurchased common equity with large cash outflows exceeding $200 million quarterly, impacting overall cash reserves and equity negatively but potentially supporting share prices.
  • Declining Total Equity: Total common equity has been negative in recent periods (e.g., approximately -$3.9 billion in Q3 2025), suggesting heavy share buybacks and liabilities exceeding assets, which investors should carefully consider.

Summary: AutoZone’s financials reflect healthy revenue and earnings growth with strong cash flows to support investments and financing activities. The company’s strategic investments and operational efficiencies have driven solid profitability. However, increasing debt and negative equity driven largely by aggressive share repurchases are aspects that investors should monitor. Overall, AutoZone appears well-positioned in its market with robust financial metrics, but capital structure dynamics warrant caution.

08/22/25 01:42 PMAI Generated. May Contain Errors.

Frequently Asked Questions About AutoZone's Financials

When does AutoZone's fiscal year end?

According to the most recent income statement we have on file, AutoZone's financial year ends in August. Their financial year 2024 ended on August 31, 2024.

How has AutoZone's net income changed over the last 10 years?

AutoZone's net income appears to be on an upward trend, with a most recent value of $2.66 billion in 2024, rising from $1.07 billion in 2014. The previous period was $2.53 billion in 2023. See AutoZone's forecast for analyst expectations on what’s next for the company.

What is AutoZone's operating income?
AutoZone's total operating income in 2024 was $3.79 billion, based on the following breakdown:
  • Total Gross Profit: $9.82 billion
  • Total Operating Expenses: $6.03 billion
How has AutoZone's revenue changed over the last 10 years?

Over the last 10 years, AutoZone's total revenue changed from $9.48 billion in 2014 to $18.49 billion in 2024, a change of 95.1%.

How much debt does AutoZone have?

AutoZone's total liabilities were at $21.93 billion at the end of 2024, a 7.8% increase from 2023, and a 140.4% increase since 2014.

How much cash does AutoZone have?

In the past 10 years, AutoZone's cash and equivalents has ranged from $124.49 million in 2014 to $1.75 billion in 2020, and is currently $298.17 million as of their latest financial filing in 2024.

How has AutoZone's book value per share changed over the last 10 years?

Over the last 10 years, AutoZone's book value per share changed from -49.75 in 2014 to -278.03 in 2024, a change of 458.9%.


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This page (NYSE:AZO) was last updated on 8/22/2025 by MarketBeat.com Staff
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