ADVANCE AUTO PARTS INC AAP
Advance Auto Parts, Inc. and its subsidiaries is a leading automotive aftermarket parts provider in North America, serving both professional installers ("professional") and "do-it-yourself" ("DIY") customers, as well as independently-owned operators. The Company's stores offer a broad selection of brand names, original equipment manufacturer ("OEM") and owned brand automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy-duty trucks. As of January 3, 2026, the Company operated 4,305 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. In addition, as of January 3, 2026, we served 809 independently owned Carquest branded stores across the same geographic locations served by our stores in addition to Mexico and various Caribbean islands. Our stores operate primarily under the trade names "Advance Auto Parts" and "Carquest".
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.60B | $9.09B | $9.21B | $9.15B | $11.00B | $10.11B | $9.71B | $9.58B | $9.37B | $9.57B |
| Cost of revenue | $4.87B | $5.68B | $5.35B | $4.92B | $6.07B | $5.62B | $5.45B | $5.36B | $5.29B | $5.31B |
| Gross profit | $3.73B | $3.41B | $3.86B | $4.23B | $4.92B | $4.48B | $4.25B | $4.22B | $4.09B | $4.26B |
| SG&A | $3.57B | $3.81B | $3.81B | $3.71B | $4.10B | $3.73B | $3.58B | $3.62B | $3.51B | $3.47B |
| Operating income | -$43.0M | -$713.0M | $39.0M | $524.6M | $822.4M | $749.9M | $677.2M | $604.3M | $570.2M | $787.6M |
| Pre-tax income | -$91.0M | -$768.0M | -$47.0M | $460.2M | $782.5M | $651.0M | $637.7M | $555.3M | $520.3M | $738.8M |
| Income tax | $159.0M | $181.0M | $17.0M | $99.7M | $185.9M | $158.0M | $150.8M | $131.4M | $44.8M | $279.2M |
| Net income | $44.0M | -$336.0M | $30.0M | $464.4M | $596.6M | $493.0M | $486.9M | $423.8M | $475.5M | $459.6M |
| EPS, basic | 0.73 | -5.63 | 0.50 | 7.70 | 9.32 | 7.17 | 6.87 | 5.75 | 6.44 | 6.22 |
| EPS, diluted | 0.73 | -5.61 | 0.50 | 7.65 | 9.25 | 7.14 | 6.84 | 5.73 | 6.42 | 6.20 |
| Shares, diluted (wtd. avg.) | $60.6M | $59.9M | $59.6M | $60.7M | $64.5M | $69.0M | $71.2M | $74.0M | $74.1M | $73.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.12B | $1.87B | $488.0M | $220.1M | $588.0M | $827.0M | $418.7M | $896.5M | $546.9M | $135.2M |
| Receivables | $380.0M | $544.0M | $609.5M | $684.0M | $754.1M | $750.0M | $689.5M | $625.0M | $606.4M | $641.3M |
| Inventory | $3.65B | $3.61B | $3.89B | $4.90B | $4.68B | $4.54B | $4.43B | $4.36B | $4.17B | $4.33B |
| Total current assets | $7.29B | $6.14B | $6.38B | $6.01B | $6.26B | $6.27B | $5.70B | $6.08B | $5.43B | $5.17B |
| Property, plant and equipment | $1.27B | $1.33B | $1.56B | $1.69B | $1.53B | $1.46B | $1.43B | $1.37B | $1.39B | $1.45B |
| Goodwill | $600.0M | $598.0M | $601.2M | $990.5M | $993.7M | $993.6M | $992.2M | $990.2M | $994.3M | $990.9M |
| Other intangibles | $400.0M | $406.0M | $419.2M | $620.9M | $651.2M | $681.1M | $709.8M | $550.6M | $597.7M | $640.9M |
| Total assets | $11.83B | $10.80B | $12.28B | $11.99B | $12.18B | $11.84B | $11.25B | $9.04B | $8.48B | $8.32B |
| Accounts payable | $2.98B | $3.41B | $3.53B | $4.18B | $3.97B | $3.64B | $3.42B | $3.17B | $2.89B | $3.09B |
| Short-term debt | $0 | $0 | $0 | $185.0M | $0 | — | $0 | $210.0K | $350.0K | $306.0K |
| Total current liabilities | $4.18B | $4.67B | $5.31B | $5.42B | $5.22B | $4.74B | $4.48B | $3.89B | $3.48B | $3.68B |
| Long-term debt | $3.41B | $1.79B | $1.79B | $1.19B | $1.03B | $1.03B | $747.3M | $1.05B | $1.04B | $1.04B |
| Total liabilities | $9.63B | $8.63B | $9.76B | $9.39B | $9.09B | $8.28B | — | — | — | — |
| Retained earnings | $4.15B | $4.16B | $4.56B | $4.67B | $4.61B | $4.20B | $3.77B | $3.33B | $2.92B | $2.46B |
| Total equity | $2.20B | $2.17B | $2.52B | $2.60B | $3.08B | $3.54B | $3.55B | $3.55B | $3.42B | $2.92B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$46.0M | $85.0M | $287.0M | $736.6M | $1.11B | $969.7M | $866.9M | $811.0M | $600.8M | $523.3M |
| Depreciation and amortisation | $272.0M | $292.0M | $269.0M | $248.3M | $259.9M | $250.1M | $238.4M | $238.2M | $249.3M | $258.4M |
| Stock-based compensation | $36.0M | $42.0M | $41.0M | $46.5M | $63.1M | $45.3M | $37.4M | $27.8M | $35.3M | $20.5M |
| Capital expenditure | $252.0M | $181.0M | $226.0M | $398.8M | $289.6M | $267.6M | $270.1M | $193.7M | $189.8M | $259.6M |
| Investing cash flow | -$239.0M | $1.35B | -$235.0M | -$424.4M | -$287.3M | -$266.9M | -$462.9M | -$191.8M | -$178.6M | -$262.0M |
| Financing cash flow | $1.54B | -$75.0M | $189.0M | -$620.7M | -$1.06B | -$286.0M | -$882.2M | -$263.9M | -$14.9M | -$217.1M |
| Dividends paid | $60.0M | $60.0M | $209.0M | $336.2M | $160.9M | $56.3M | $17.2M | $17.8M | $17.9M | $17.7M |
| Buybacks | $4.0M | $7.0M | $14.0M | $618.5M | $906.2M | $469.7M | $498.4M | $281.4M | $6.5M | $18.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-051305.
Others in SIC 5531
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| ORLY | O REILLY AUTOMOTIVE INC | $71.10B | 29.6x | 6.4% |
| AZO | AUTOZONE INC | $48.70B | 20.6x | 2.4% |
| HZO | MARINEMAX INC | $1.15B | — | -5.0% |
| PRTS | CarParts.com, Inc. | $75.0M | — | -7.0% |
| ONEW | OneWater Marine Inc. | — | — | 5.6% |