NYSE : AZO
AutoZone, Inc. — Financial statements
Consumer Discretionary · Auto Parts · United States
Last price 3169.82 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 51.02B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
AutoZone, Inc. (AZO) reported revenue of 20.34B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 20.34B | 20.34B | 18.94B | 18.49B | 17.46B | 16.25B |
| Cost of Revenue | 9.82B | 9.82B | 8.97B | 8.67B | 8.39B | 7.78B |
| Gross Profit | 10.52B | 10.52B | 9.97B | 9.82B | 9.07B | 8.47B |
| Selling, General & Admin | 6.92B | 6.92B | 6.36B | 6.03B | 5.60B | 5.20B |
| Operating Expenses | 6.92B | 6.92B | 6.36B | 6.03B | 5.60B | 5.20B |
| Operating Income | 3.60B | 3.60B | 3.61B | 3.79B | 3.47B | 3.27B |
| Interest Expense | -485.29M | -485.29M | -486.80M | -462.89M | -318.43M | -197.69M |
| Interest & Investment Income | 12.68M | 12.68M | 10.97M | 11.31M | 12.05M | 6.05M |
| EBT Excluding Unusual Items | 3.12B | 3.12B | 3.13B | 3.34B | 3.17B | 3.08B |
| Other Unusual Items | 127.60M | 127.60M | ||||
| Pretax Income | 3.25B | 3.25B | 3.13B | 3.34B | 3.17B | 3.08B |
| Income Tax Expense | 677.92M | 677.92M | 636.09M | 674.70M | 639.19M | 649.49M |
| Net Income | 2.57B | 2.57B | 2.50B | 2.66B | 2.53B | 2.43B |
| Net Income to Common | 2.57B | 2.57B | 2.50B | 2.66B | 2.53B | 2.43B |
| Shares Outstanding (Basic) | 16.48M | 16.48M | 16.79M | 17.31M | 18.51M | 20.11M |
| Shares Outstanding (Diluted) | 16.86M | 16.86M | 17.25M | 17.80M | 19.10M | 20.73M |
| EPS (Basic) | 156.11 | 156.11 | 148.80 | 153.82 | 136.60 | 120.83 |
| EPS (Diluted) | 152.55 | 152.55 | 144.87 | 149.55 | 132.36 | 117.19 |
| Free Cash Flow | 1.82B | 1.82B | 1.79B | 1.93B | 2.14B | 2.54B |
| Free Cash Flow Per Share | 107.65 | 107.65 | 103.80 | 108.49 | 112.24 | 122.45 |
| Gross Margin | 51.71% | 51.71% | 52.62% | 53.09% | 51.96% | 52.13% |
| Operating Margin | 17.68% | 17.68% | 19.06% | 20.49% | 19.90% | 20.12% |
| Profit Margin | 12.65% | 12.65% | 13.19% | 14.40% | 14.48% | 14.95% |
| Free Cash Flow Margin | 8.93% | 8.93% | 9.45% | 10.45% | 12.28% | 15.62% |
| EBITDA | 4.28B | 4.28B | 4.22B | 4.34B | 3.97B | 3.71B |
| EBITDA Margin | 21.04% | 21.04% | 22.30% | 23.46% | 22.75% | 22.85% |
| D&A For EBITDA | 684.26M | 684.26M | 613.20M | 549.75M | 497.58M | 442.22M |
| EBIT | 3.60B | 3.60B | 3.61B | 3.79B | 3.47B | 3.27B |
| EBIT Margin | 17.68% | 17.68% | 19.06% | 20.49% | 19.90% | 20.12% |
| Effective Tax Rate | 20.86% | 20.86% | 20.29% | 20.22% | 20.18% | 21.09% |
| Advertising Expenses | 101.22M | 101.22M | 109.53M | 102.66M | 99.51M | 97.10M |
Balance sheet
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 326.12M | 326.12M | 271.80M | 298.17M | 277.05M | 264.38M |
| Short-Term Investments | 13.97M | 13.97M | 18.66M | 38.43M | 39.64M | 49.77M |
| Cash & Short-Term Investments | 340.08M | 340.08M | 290.46M | 336.60M | 316.69M | 314.15M |
| Receivables | 755.03M | 755.03M | 670.14M | 545.58M | 520.38M | 504.89M |
| Inventory | 7.74B | 7.74B | 7.03B | 6.16B | 5.76B | 5.64B |
| Other Current Assets | 275.46M | 275.46M | 355.09M | 269.36M | 178.21M | 170.95M |
| Total Current Assets | 9.11B | 9.11B | 8.34B | 7.31B | 6.78B | 6.63B |
| Property, Plant & Equipment | 11.53B | 11.53B | 10.26B | 9.24B | 8.59B | 8.09B |
| Long-Term Investments | 172.91M | 172.91M | 166.28M | 137.63M | 81.87M | 62.78M |
| Goodwill | 302.64M | 302.64M | 302.64M | 302.64M | 302.64M | 302.64M |
| Long-Term Deferred Tax Assets | 180.25M | 180.25M | 118.43M | 83.69M | 86.00M | 52.05M |
| Long-Term Deferred Charges | 48.00M | 48.00M | 29.60M | |||
| Other Long-Term Assets | 294.08M | 294.08M | 139.81M | 104.50M | 141.29M | 140.35M |
| Total Assets | 21.63B | 21.63B | 19.36B | 17.18B | 15.99B | 15.28B |
| Accounts Payable | 8.60B | 8.60B | 8.03B | 7.36B | 7.20B | 7.30B |
| Accrued Expenses | 789.98M | 789.98M | 726.62M | 678.51M | 691.23M | 734.09M |
| Current Portion of Leases | 414.98M | 414.98M | 395.08M | 382.41M | 344.17M | 336.28M |
| Current Income Taxes Payable | 54.37M | 54.37M | 58.71M | 30.94M | 52.48M | 34.94M |
| Current Unearned Revenue | 62.15M | 62.15M | 60.45M | 58.53M | 59.25M | 52.24M |
| Other Current Liabilities | 188.48M | 188.48M | 252.94M | 208.15M | 163.44M | 129.49M |
| Total Current Liabilities | 10.11B | 10.11B | 9.52B | 8.71B | 8.51B | 8.59B |
| Long-Term Debt | 9.08B | 9.08B | 8.80B | 9.02B | 7.67B | 6.12B |
| Long-Term Leases | 3.67B | 3.67B | 3.38B | 3.24B | 3.12B | 3.06B |
| Long-Term Deferred Tax Liabilities | 727.04M | 727.04M | 520.51M | 447.07M | 536.28M | 533.88M |
| Other Long-Term Liabilities | 549.52M | 549.52M | 547.60M | 496.40M | 501.34M | 514.19M |
| Total Liabilities | 24.13B | 24.13B | 22.77B | 21.93B | 20.34B | 18.81B |
| Common Stock | 166.00K | 166.00K | 169.00K | 175.00K | 189.00K | 207.00K |
| Additional Paid-In Capital | 2.04B | 2.04B | 1.84B | 1.62B | 1.48B | 1.35B |
| Retained Earnings | -2.82B | -2.82B | -3.98B | -4.42B | -2.96B | -1.33B |
| Treasury Stock | -1.56B | -1.56B | -997.40M | -1.58B | -2.68B | -3.26B |
| Comprehensive Income & Other | -158.97M | -158.97M | -285.01M | -361.62M | -190.84M | -300.54M |
| Shareholders' Equity | -2.50B | -2.50B | -3.41B | -4.75B | -4.35B | -3.54B |
| Total Liabilities & Equity | 21.63B | 21.63B | 19.36B | 17.18B | 15.99B | 15.28B |
| Total Debt | 13.16B | 13.16B | 12.58B | 12.65B | 11.13B | 9.51B |
| Net Cash (Debt) | -12.70B | -12.70B | -12.18B | -12.23B | -10.73B | -9.14B |
| Net Cash Per Share | -753.33 | -753.33 | -706.37 | -686.99 | -561.79 | -440.69 |
| Filing Date Shares Outstanding | 16.09M | 16.09M | 16.63M | 16.90M | 17.68M | 18.98M |
| Total Common Shares Outstanding | 16.17M | 16.17M | 16.66M | 16.93M | 17.86M | 19.13M |
| Working Capital | -1.00B | -1.00B | -1.18B | -1.41B | -1.73B | -1.96B |
| Book Value Per Share | -154.73 | -154.73 | -204.88 | -280.61 | -243.60 | -185.03 |
| Tangible Book Value | -2.81B | -2.81B | -3.72B | -5.05B | -4.65B | -3.84B |
| Tangible Book Value Per Share | -173.44 | -173.44 | -223.04 | -298.49 | -260.54 | -200.86 |
| Land | 1.71B | 1.71B | 1.47B | 1.39B | 1.37B | 1.30B |
| Buildings | 6.68B | 6.68B | 5.79B | 5.12B | 4.86B | 4.49B |
| Machinery | 4.07B | 4.07B | 3.56B | 3.31B | 2.97B | 2.65B |
| Construction In Progress | 466.86M | 466.86M | 643.70M | 558.53M | 305.90M | 291.59M |
| Leasehold Improvements | 1.25B | 1.25B | 1.08B | 922.47M | 831.51M | 724.10M |
Cash flow statement
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 2.57B | 2.57B | 2.50B | 2.66B | 2.53B | 2.43B |
| Depreciation & Amortization | 684.26M | 684.26M | 613.20M | 549.75M | 497.58M | 442.22M |
| Other Amortization | 12.55M | 12.55M | 12.84M | 11.99M | 9.26M | 11.28M |
| Stock-Based Compensation | 136.80M | 136.80M | 124.72M | 106.25M | 93.09M | 70.61M |
| Other Operating Activities | 4.16M | 4.16M | 179.39M | -294.39M | 18.29M | 200.59M |
| Change in Accounts Receivable | -75.04M | -75.04M | -118.61M | -38.28M | -6.67M | -125.73M |
| Change in Inventory | -832.80M | -832.80M | -893.91M | -453.10M | -89.18M | -1.01B |
| Change in Accounts Payable | 458.55M | 458.55M | 657.41M | 244.13M | -183.68M | 1.22B |
| Change in Income Taxes | 261.71M | 261.71M | 68.45M | 296.40M | 92.83M | -10.52M |
| Change in Other Net Operating Assets | 26.14M | 26.14M | -24.40M | -81.06M | -19.16M | -25.93M |
| Operating Cash Flow | 3.25B | 3.25B | 3.12B | 3.00B | 2.94B | 3.21B |
| Capital Expenditures | -1.43B | -1.43B | -1.33B | -1.07B | -796.66M | -672.39M |
| Investment in Securities | -36.60M | -36.60M | -112.99M | -225.40M | -106.56M | -33.70M |
| Other Investing Activities | 25.82M | 25.82M | 39.82M | 11.59M | 27.04M | 57.99M |
| Investing Cash Flow | -1.44B | -1.44B | -1.40B | -1.29B | -876.18M | -648.10M |
| Short-Term Debt Issued | 276.40M | 276.40M | 168.60M | 606.20M | 603.40M | |
| Long-Term Debt Issued | 850.00M | 850.00M | 500.00M | 2.30B | 1.75B | 750.00M |
| Total Debt Issued | 1.13B | 1.13B | 668.60M | 2.30B | 2.36B | 1.35B |
| Short-Term Debt Repaid | -629.60M | |||||
| Long-Term Debt Repaid | -959.01M | -959.01M | -996.15M | -385.26M | -881.05M | -567.18M |
| Total Debt Repaid | -959.01M | -959.01M | -996.15M | -1.01B | -881.05M | -567.18M |
| Net Debt Issued (Repaid) | 167.39M | 167.39M | -327.55M | 1.29B | 1.48B | 786.22M |
| Issuance of Common Stock | 95.87M | 95.87M | 172.30M | 176.24M | 182.49M | 113.93M |
| Repurchase of Common Stock | -2.01B | -2.01B | -1.58B | -3.14B | -3.70B | -4.36B |
| Other Financing Activities | -18.40M | -18.40M | -13.38M | -4.20M | -18.17M | -10.66M |
| Financing Cash Flow | -1.77B | -1.77B | -1.75B | -1.68B | -2.06B | -3.47B |
| Foreign Exchange Rate Adjustments | 17.89M | 17.89M | 3.54M | -12.76M | 8.15M | 506.00K |
| Net Cash Flow | 54.31M | 54.31M | -26.37M | 21.12M | 12.67M | -906.96M |
| Free Cash Flow | 1.82B | 1.82B | 1.79B | 1.93B | 2.14B | 2.54B |
| Free Cash Flow Margin | 8.93% | 8.93% | 9.45% | 10.45% | 12.28% | 15.62% |
| Free Cash Flow Per Share | 107.65 | 107.65 | 103.80 | 108.49 | 112.24 | 122.45 |
| Levered Free Cash Flow | 1.20B | 1.20B | 1.09B | 1.33B | 1.54B | 1.87B |
| Unlevered Free Cash Flow | 1.49B | 1.49B | 1.38B | 1.61B | 1.73B | 1.98B |
| Cash Interest Paid | 413.46M | 413.46M | 413.03M | 353.82M | 260.87M | 178.56M |
| Cash Income Tax Paid | 312.25M | 312.25M | 313.49M | 437.55M | 570.25M | 461.23M |
| Change in Working Capital | -161.43M | -161.43M | -311.06M | -31.91M | -205.86M | 56.83M |
Ratios
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 52.28B | 48.36B | 70.24B | 54.35B | 44.54B | 42.15B |
| Enterprise Value | 64.98B | 61.05B | 82.44B | 66.56B | 54.63B | 50.76B |
| Last Close Price | 3,169.82 | 2,961.96 | 4,198.53 | 3,181.48 | 2,453.40 | 2,163.02 |
| PE Ratio | 21.29 | 18.80 | 28.11 | 20.41 | 17.62 | 17.35 |
| Forward PE | 19.09 | 17.67 | 26.13 | 19.75 | 17.62 | 17.64 |
| PS Ratio | 2.56 | 2.38 | 3.71 | 2.94 | 2.55 | 2.59 |
| PB Ratio | -19.32 | -20.57 | -11.44 | -10.24 | -11.91 | |
| P/FCF Ratio | 28.64 | 26.63 | 39.24 | 28.14 | 20.77 | 16.60 |
| P/OCF Ratio | 16.00 | 14.88 | 22.53 | 18.09 | 15.15 | 13.13 |
| PEG Ratio | 1.42 | 1.35 | 2.41 | 1.33 | 1.31 | 1.48 |
| EV/Sales Ratio | 3.18 | 3.00 | 4.35 | 3.60 | 3.13 | 3.12 |
| EV/EBITDA Ratio | 15.12 | 14.26 | 19.52 | 15.34 | 13.76 | 13.67 |
| EV/EBIT Ratio | 17.99 | 16.98 | 22.84 | 17.57 | 15.72 | 15.52 |
| EV/FCF Ratio | 35.64 | 33.62 | 46.05 | 34.46 | 25.48 | 19.99 |
| Debt / Equity Ratio | -5.26 | -5.26 | -3.68 | -2.66 | -2.56 | -2.69 |
| Debt / EBITDA Ratio | 2.73 | 2.73 | 2.66 | 2.64 | 2.54 | 2.54 |
| Debt / FCF Ratio | 7.25 | 7.25 | 7.03 | 6.55 | 5.19 | 3.75 |
| Net Debt / Equity Ratio | -5.08 | -5.08 | -3.57 | -2.58 | -2.47 | -2.58 |
| Net Debt / EBITDA Ratio | 2.97 | 2.97 | 2.88 | 2.82 | 2.70 | 2.46 |
| Net Debt / FCF Ratio | 7.00 | 7.00 | 6.80 | 6.33 | 5.00 | 3.60 |
| Asset Turnover | 0.99 | 0.99 | 1.04 | 1.11 | 1.12 | 1.09 |
| Inventory Turnover | 1.33 | 1.33 | 1.36 | 1.46 | 1.47 | 1.51 |
| Quick Ratio | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 |
| Current Ratio | 0.90 | 0.90 | 0.88 | 0.84 | 0.80 | 0.77 |
| Return on Assets (ROA) | 10.97% | 10.97% | 12.35% | 14.28% | 13.89% | 13.72% |
| Return on Invested Capital (ROIC) | 25.40% | 26.65% | 31.45% | 37.94% | 39.16% | 37.31% |
| Return on Capital Employed (ROCE) | 31.20% | 31.20% | 36.70% | 44.80% | 46.50% | 48.90% |
| Earnings Yield | 4.70% | 5.32% | 3.56% | 4.90% | 5.68% | 5.76% |
| FCF Yield | 3.49% | 3.75% | 2.55% | 3.55% | 4.81% | 6.02% |
| Buyback Yield / Dilution | 2.20% | 2.20% | 3.13% | 6.80% | 7.86% | 9.06% |