FirmAtlas
Company handbook · AZO · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
AZO · CIK 866787 · LATEST FILING: 10-Q MAY '26 · FILED JUN 12, 2026
AUTOZONE, INC
$3,120.59
+60.97 (+1.99%)
Close, Oct 16, 2026 · 52-week $2,731–4,040
AutoZone runs stores that sell parts, maintenance items and accessories for cars and light trucks in the U.S., Mexico and Brazil. It also sells ALLDATA repair and shop software to repair shops.
Business
- RegionsUS 88% · Outside US 12% (FY25)
- CustomersDo-it-yourself drivers, and repair shops, dealers and fleets through its commercial program (delivery and credit); sold in its stores and online
- Cash useFY24–FY25: buybacks $4.7B · capex $2.4B
Reinvested 39% of operating cash flow · returned 127% of free cash flow
Last fiscal year
AUTOZONE, INC reported revenue of $18.9B for the year ended Aug 30, 2025 (FY25), up 2.4% from FY24. Net income was $2.5B, operating cash flow $3.1B and free cash flow $1.8B. Source: 10-K filed Oct 27, 2025.
Market cap
$53.8B
P/E
21.7
EV/EBITDA
14.8x
P/B
n/m
ROIC
61.8%
Revenue 1Y
2.4%/yr
EPS 1Y
−3.1%/yr
Shares 1Y
−3%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOPhilip B. Daniele
HQMemphis, TN
AuditorErnst & Young LLP
Year endsAugust
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
15.1%
12.4%
6.2%
−22.1%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$7.1B deployed
Capex
$2.4B
33.7%
Buybacks
$4.7B
66.3%
Operating cash flow over the period: $6.1B. Total debt changed by −$229M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Aug 30, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to May '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
18,490
18,939+2.4%
19,986
YoY
+2.4%
Gross profit
9,817
9,966+1.5%
10,344
Gross margin
53.1%
52.6%−0.5 pp
—
Operating income
3,789
3,610−4.7%
3,602
Operating margin
20.5%
19.1%−1.4 pp
—
EBITDA
4,338
4,223−2.7%
—
EBITDA margin
23.5%
22.3%−1.2 pp
—
Interest expense
465
490+5.3%
—
Interest coverage
9.33x
8.62x−0.71x
—
Net income
2,662
2,498−6.2%
2,478
YoY
−6.2%
Net margin
14.4%
13.2%−1.2 pp
—
EPS (diluted, $)
149.55
144.87−3.1%
145.27
YoY
−3.1%
Balance sheet
Total assets
17,177
19,355+12.7%
20,916
Cash & short-term investments
298
272−8.8%
—
Accounts receivable
546
670+22.8%
—
Inventory
6,155
7,026+14.1%
—
Net PP&E
6,184
7,063+14.2%
—
Other assets
3,994
4,325+8.3%
—
Total liabilities
21,926
22,770+3.8%
23,701
Accounts payable
7,356
8,026+9.1%
—
Total debt
9,140
8,911−2.5%
9,016
Other liabilities
5,431
5,833+7.4%
—
Shareholders’ equity
(4,750)
(3,414)n/m
(2,785)
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,004
3,117+3.8%
3,072
Net income
2,662
2,498−6.2%
—
Depreciation & amortization
550
613+11.5%
—
Stock-based compensation
106
125+17.4%
—
Working capital & other
(314)
(119)n/m
—
Cash from investing
(1,287)
(1,400)n/m
—
Capex
(1,073)
(1,327)n/m
—
Investments bought
(39)
(65)n/m
—
Investments sold / matured
41
63+55.0%
—
Other investing
(216)
(72)n/m
—
Cash from financing
(1,684)
(1,747)n/m
—
Debt raised
2,300
500−78.3%
—
Debt repaid
(300)
(900)n/m
—
Buybacks
(3,141)
(1,578)n/m
—
Other financing
(543)
231n/m
—
Net change in cash
21
(26)−224.9%
—
Free cash flow (OCF − capex)
1,931
1,790−7.3%
1,633
Where the cash went
Operating cash flow
3,004
3,117+3.8%
3,072
Reinvested in the business
1,073
1,327+23.7%
—
% of operating cash flow
35.7%
42.6%
Capex
1,073
1,327+23.7%
1,439
Free cash flow
1,931
1,790−7.3%
1,633
YoY
−7.3%
Returned to shareholders
3,141
1,578−49.8%
—
% of free cash flow
162.6%
88.2%
Buybacks
3,141
1,578−49.8%
—
Change in total debt
—
(229)
—
Cash left over
—
(17)
—
FCF conversion (FCF ÷ net income)
72.5%
71.7%−0.9 pp
—
Owner earnings
—
1,459
—
Owner earnings margin
—
7.7%
—
Returns & ratios
ROIC (all capital)
73.9%
61.8%−12.1 pp
—
ROIC (operating)
54.7%
46.9%−7.7 pp
—
Net debt / EBITDA
2.04x
2.05x+0.01x
—
Cash conversion cycle (days)
−40
−28+12 d
—
ROE
−56.1%
−73.2%−17.1 pp
—
ROA
15.5%
12.9%−2.6 pp
—
ROCE
44.8%
36.7%−8.1 pp
—
NOPAT
3,023
2,878−4.8%
—
Invested capital (operating)
5,529
6,733+21.8%
—
Invested capital (all)
4,092
5,225+27.7%
—
Reinvestment rate
—
41.8%
—
Debtor days
11
13+2 d
—
Inventory days
259
286+27 d
—
Days payable
310
326+17 d
—
Income
Aug '25
Nov '25
Feb '26
May '26
Revenue
6,243
4,629
4,274
4,841
vs year-ago quarter
Gross profit
3,216
2,359
2,243
2,525
Gross margin
51.5%
51.0%
52.5%
52.2%
Operating income
1,196
784
698
924
Net income
837
531
469
641
vs year-ago quarter
Net margin
13.4%
11.5%
11.0%
13.3%
EPS (diluted, $)
48.53
31.04
27.63
38.07
vs year-ago quarter
Balance sheet
Aug '25
Nov '25
Feb '26
May '26
Total assets
19,355
19,666
20,439
20,916
Cash & equivalents
272
288
285
254
Total debt
8,911
8,623
8,907
9,016
Shareholders’ equity
(3,414)
(3,229)
(2,909)
(2,785)
Cash flow
Aug '25
Nov '25
Feb '26
May '26
Operating cash flow
953
944
373
802
Capex
442
314
338
346
Free cash flow
511
630
36
456
vs year-ago quarter