AUTOZONE INC AZO
AutoZone, Inc. ("AutoZone," the "Company," "we," "our" or "us") is a leading retailer and distributor of automotive replacement parts and accessories in the Americas. We began operations in 1979 and at August 30, 2025, operated 6,627 stores in the United States ("U.S."), 883 stores in Mexico and 147 stores in Brazil. Each store carries an extensive product line for cars, sport utility vehicles, vans and light duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. At August 30, 2025, in 6,098 of our domestic stores as well as the vast majority of our stores in Mexico and Brazil, we had a commercial sales program that provides prompt delivery of parts and other products and commercial credit to local, regional and national repair garages, dealers, service stations, fleet owners and other accounts. We also sell automotive hard parts, maintenance items, accessories and non-automotive products through www.autozone.com, and our commercial customers can make purchases through www.autozonepro.com. Additionally, we sell the ALLDATA brand of automotive diagnostic, repair, collision and shop management software through www.alldata.com. We also provide product information on our Duralast branded products through www.duralastparts.com. We do not derive revenue from automotive repair or installation services. Our websites and the information contained therein or linked thereto are not intended to be incorporated into this report.
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 | $18.94B | $18.49B | $17.46B | $16.25B | $14.63B | $12.63B | $11.86B | $11.22B | $10.89B | $10.64B |
| Cost of revenue | $8.97B | $8.67B | $8.39B | $7.78B | $6.91B | $5.86B | $5.50B | $5.25B | $5.15B | $5.03B |
| Gross profit | $9.97B | $9.82B | $9.07B | $8.47B | $7.72B | $6.77B | $6.37B | $5.97B | $5.74B | $5.61B |
| SG&A | $6.36B | $6.03B | $5.60B | $5.20B | $4.77B | $4.35B | $4.15B | $4.16B | $3.66B | $3.55B |
| Operating income | $3.61B | $3.79B | $3.47B | $3.27B | $2.94B | $2.42B | $2.22B | $1.81B | $2.08B | $2.06B |
| Interest expense | $490.0M | $465.2M | $320.1M | $198.9M | $202.3M | $208.0M | $193.7M | $181.7M | $159.3M | $151.0M |
| Pre-tax income | $3.13B | $3.34B | $3.17B | $3.08B | $2.75B | $2.22B | $2.03B | $1.64B | $1.93B | $1.91B |
| Income tax | $636.1M | $674.7M | $639.2M | $649.5M | $578.9M | $483.5M | $414.1M | $298.8M | $644.6M | $671.7M |
| Net income | $2.50B | $2.66B | $2.53B | $2.43B | $2.17B | $1.73B | $1.62B | $1.34B | $1.28B | $1.24B |
| EPS, basic | 148.80 | 153.82 | 136.60 | 120.83 | 97.60 | 73.62 | 64.78 | 49.59 | 45.05 | 41.52 |
| EPS, diluted | 144.87 | 149.55 | 132.36 | 117.19 | 95.19 | 71.93 | 63.43 | 48.77 | 44.07 | 40.70 |
| Shares, diluted (wtd. avg.) | $17.2M | $17.8M | $19.1M | $20.7M | $22.8M | $24.1M | $25.5M | $27.4M | $29.1M | $30.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $271.8M | $298.2M | $277.1M | $264.4M | $1.17B | $1.75B | $176.3M | $217.8M | $293.3M | $189.7M |
| Receivables | $670.1M | $545.6M | $520.4M | $504.9M | $378.4M | $364.8M | $309.0M | $258.1M | $280.7M | $287.7M |
| Total current assets | $8.34B | $7.31B | $6.78B | $6.63B | $6.42B | $6.81B | $5.03B | $4.64B | $4.61B | $4.24B |
| Property, plant and equipment | $7.06B | $6.18B | $5.60B | $5.17B | $4.86B | $4.51B | $4.40B | $4.22B | $4.03B | $3.73B |
| Goodwill | $302.6M | $302.6M | $302.6M | $302.6M | $302.6M | $302.6M | $302.6M | $302.6M | $391.9M | $391.9M |
| Other intangibles | — | — | — | — | — | $1.4M | $5.6M | $9.8M | $52.5M | $61.0M |
| Total assets | $19.36B | $17.18B | $15.99B | $15.28B | $14.52B | $14.42B | $9.90B | $9.35B | $9.26B | $8.60B |
| Accounts payable | $8.03B | $7.36B | $7.20B | $7.30B | $6.01B | $5.16B | $4.86B | $4.41B | $4.17B | $4.10B |
| Total current liabilities | $9.52B | $8.71B | $8.51B | $8.59B | $7.37B | $6.28B | $5.51B | $5.03B | $4.77B | $4.69B |
| Long-term debt | $8.80B | $9.02B | $7.67B | $6.12B | $5.27B | $5.51B | $5.21B | $5.01B | $5.08B | $4.92B |
| Retained earnings | -$3.98B | -$4.42B | -$2.96B | -$1.33B | -$419.8M | -$1.45B | -$1.31B | -$1.21B | -$1.64B | -$1.60B |
| Total equity | -$3.41B | -$4.75B | -$4.35B | -$3.54B | -$1.80B | -$878.0M | -$1.71B | -$1.52B | -$1.43B | -$1.79B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.12B | $3.00B | $2.94B | $3.21B | $3.52B | $2.72B | $2.13B | $2.08B | $1.57B | $1.64B |
| Depreciation and amortisation | $613.2M | $549.8M | $497.6M | $442.2M | $407.7M | $397.5M | $370.0M | $345.1M | $323.1M | $297.4M |
| Capital expenditure | $1.33B | $1.07B | $796.7M | $672.4M | $621.8M | $457.7M | $496.1M | $521.8M | $553.8M | $488.8M |
| Investing cash flow | -$1.40B | -$1.29B | -$876.2M | -$648.1M | -$601.8M | -$497.9M | -$491.8M | -$521.9M | -$553.6M | -$505.8M |
| Financing cash flow | -$1.75B | -$1.68B | -$2.06B | -$3.47B | -$3.50B | -$643.6M | -$1.67B | -$1.63B | -$914.3M | -$1.12B |
| Buybacks | $1.58B | $3.14B | $3.70B | $4.36B | $3.38B | $930.9M | $2.00B | $1.59B | $1.07B | $1.45B |
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 0001104659-25-102611.
Others in SIC 5531
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| ORLY | O REILLY AUTOMOTIVE INC | $71.10B | 29.6x | 6.4% |
| AAP | ADVANCE AUTO PARTS INC | $2.67B | 60.5x | -5.4% |
| HZO | MARINEMAX INC | $1.15B | — | -5.0% |
| PRTS | CarParts.com, Inc. | $75.0M | — | -7.0% |
| ONEW | OneWater Marine Inc. | — | — | 5.6% |