MONRO, INC. MNRO
We are a leading nation-wide operator of retail tire and automotive repair stores in the United States. We offer to our customers, referred to as "guests", replacement tires and tire related services, automotive undercar repair services, and a broad range of routine maintenance services, primarily on passenger cars, light trucks, and vans. We also provide other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.
We believe the convenience and value we offer are key factors in serving and growing our base of customers. At March 28, 2026, we operated 1,115 retail tire and automotive repair stores and serviced approximately 3.8 million vehicles in fiscal 2026.
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 | $1.16B | $1.20B | $1.28B | $1.33B | $1.36B | $1.13B | $1.26B | $1.20B | $1.13B | $1.02B |
| Gross profit | $405.3M | $417.6M | $452.1M | $456.2M | $481.8M | $395.2M | $476.7M | $465.2M | $435.6M | $396.9M |
| Operating income | $20.0M | $12.6M | $71.4M | $79.8M | $101.3M | $72.2M | $101.7M | $126.7M | $127.3M | $116.4M |
| Interest expense | $17.2M | $18.9M | $20.0M | $23.2M | $24.6M | $28.2M | $28.2M | $27.0M | $24.3M | $19.8M |
| Pre-tax income | $3.1M | -$5.9M | $51.9M | $57.2M | $77.3M | $44.2M | $74.3M | $100.4M | $103.5M | $97.2M |
| Income tax | $927.0K | $731.0K | $14.3M | $18.1M | $15.7M | $9.9M | $16.2M | $20.6M | $39.5M | $35.7M |
| Net income | $2.2M | -$5.2M | $37.6M | $39.0M | $61.6M | $34.3M | $58.0M | $79.8M | $63.9M | $61.5M |
| EPS, basic | 0.03 | -0.22 | 1.18 | 1.20 | 1.82 | 1.02 | 1.73 | 2.41 | 1.94 | 1.88 |
| EPS, diluted | 0.03 | -0.22 | 1.18 | 1.20 | 1.81 | 1.01 | 1.71 | 2.37 | 1.92 | 1.85 |
| Shares, diluted (wtd. avg.) | $30.0M | $29.9M | $31.9M | $32.7M | $34.0M | $33.9M | $34.0M | $33.7M | $33.3M | $33.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $14.6M | $20.8M | $6.6M | $4.9M | $7.9M | $30.0M | $345.5M | $6.2M | $1.9M | $9.0M |
| Inventory | $155.3M | $181.5M | $154.1M | $147.4M | $166.3M | $162.3M | $187.4M | $171.0M | $152.4M | $142.6M |
| Total current assets | $236.6M | $277.4M | $253.3M | $258.5M | $245.5M | $266.5M | $596.0M | $239.9M | $207.3M | $199.2M |
| Property, plant and equipment | $241.9M | $258.9M | $280.2M | $305.0M | $315.2M | $327.1M | $328.6M | $312.6M | $416.7M | $394.6M |
| Goodwill | $736.4M | $736.4M | $736.4M | $736.5M | $776.7M | $689.5M | $671.8M | $671.8M | $522.9M | $501.7M |
| Other intangibles | $7.7M | $10.4M | $13.3M | $16.6M | $26.7M | $26.1M | $29.8M | $51.1M | $49.1M | $54.3M |
| Total assets | $1.57B | $1.64B | $1.69B | $1.78B | $1.87B | $1.81B | $2.05B | $1.31B | $1.22B | $1.19B |
| Accounts payable | $313.7M | $322.6M | $251.9M | $261.7M | $132.0M | $112.4M | $99.5M | $103.6M | $84.6M | $79.5M |
| Short-term debt | — | — | — | — | — | — | — | $40.0K | $40.0K | $20.0K |
| Total current liabilities | $517.8M | $524.3M | $455.2M | $449.2M | $322.0M | $290.6M | $254.9M | $218.4M | $194.0M | $185.9M |
| Long-term debt | $60.0M | $61.2M | $102.0M | $105.0M | $176.5M | $190.0M | $566.4M | $137.7M | $148.1M | $182.3M |
| Total liabilities | $976.5M | $1.02B | $1.04B | $1.08B | $1.09B | $1.06B | $1.32B | $612.8M | $590.0M | $604.0M |
| Retained earnings | $581.7M | $615.1M | $655.4M | $653.6M | $651.1M | $624.4M | $619.9M | $592.2M | $539.3M | $498.7M |
| Total equity | $591.5M | $620.8M | $656.8M | $694.9M | $782.9M | $749.7M | $734.4M | $699.5M | $628.5M | $581.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $70.4M | $131.9M | $125.2M | $215.0M | $173.8M | $184.9M | $121.3M | $152.9M | $121.2M | $129.9M |
| Depreciation and amortisation | $61.7M | $69.4M | $72.2M | $77.0M | $81.2M | $77.3M | $65.0M | $55.5M | $49.3M | $44.6M |
| Stock-based compensation | $3.9M | $4.7M | $4.3M | $5.7M | $4.3M | $2.4M | $3.8M | $4.0M | $2.9M | $2.5M |
| Capital expenditure | $31.7M | $26.4M | $25.5M | $39.0M | $27.8M | $51.7M | $55.9M | $44.5M | $39.1M | $34.6M |
| Investing cash flow | -$1.2M | -$1.2M | -$2.0M | $26.5M | -$109.8M | -$66.3M | -$158.8M | -$105.9M | -$58.5M | -$175.6M |
| Financing cash flow | -$75.4M | -$116.5M | -$121.6M | -$244.6M | -$86.0M | -$434.2M | $376.7M | -$42.7M | -$69.8M | $46.7M |
| Dividends paid | $35.0M | $34.9M | $35.5M | $36.4M | $34.7M | $29.8M | $29.7M | $26.8M | $24.0M | $22.5M |
| Buybacks | — | — | $44.0M | $96.9M | — | — | — | — | — | — |
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 0001193125-26-293555.
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