A Business at a Glance
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Item 1. Business 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.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 19.3B | 18.9B | 18.5B | 17.5B | 16.3B | 14.6B |
| Net Income | 2.5B | 2.5B | 2.7B | 2.5B | 2.4B | 2.2B |
| EPS | $143.39 | $144.87 | $149.55 | $132.36 | $117.19 | $95.19 |
| Free Cash Flow | 1.9B | 1.8B | 1.9B | 2.1B | 2.5B | 2.9B |
| ROIC | 59.0% | 66.7% | 79.7% | 97.2% | 120.2% | 190.6% |
| Gross Margin | 52.1% | 52.6% | 53.1% | 52.0% | 52.1% | 52.8% |
| Debt/Equity | 0.00 | -2.61 | -1.92 | -1.78 | -1.76 | -2.98 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 3.6B | 3.6B | 3.8B | 3.5B | 3.3B | 2.9B |
| Operating Margin | 18.4% | 19.1% | 20.5% | 19.9% | 20.1% | 20.1% |
| ROE | 0.0% | -61.2% | -56.1% | -58.1% | -68.7% | -120.7% |
| Shares Outstanding | 17M | 17M | 18M | 19M | 21M | 23M |
AUTOZONE INC passes 7 of 9 quality checks, indicating strong fundamentals.
AUTOZONE INC trades at 27.6x trailing earnings, compared to its 15-year median P/E of 17.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 30.5x vs a median of 17.4x. The company's 5-year average ROIC is 110.9% with a gross margin of 52.5%. Total shareholder yield (buybacks) is 2.5%. At current prices, the estimated annualized return to fair value is +9.9%.
AUTOZONE INC (AZO) has a current P/E ratio of 27.6, compared to its historical median P/E of 17.9. The stock is currently considered Expensive based on its historical valuation range.
AUTOZONE INC (AZO) has a 5-year average return on invested capital (ROIC) of 110.9%. This indicates strong capital allocation and a potential competitive advantage.
AUTOZONE INC (AZO) has a market capitalization of $58.2B. It is classified as a large-cap stock.
AUTOZONE INC (AZO) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 2.52%.
Based on historical P/E analysis, AUTOZONE INC (AZO) appears expensive. The current P/E of 27.6 is 55% above its historical median of 17.9. The estimated fair value CAGR (P/E method) is 17.3%.
AUTOZONE INC (AZO) operates in the Retail-Auto & Home Supply Stores industry, within the Consumer Cyclical sector.
AUTOZONE INC (AZO) reported annual revenue of $18.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
AUTOZONE INC (AZO) has a net profit margin of 13.2%. This is a healthy margin.
AUTOZONE INC (AZO) generated $1.8 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
AUTOZONE INC (AZO) reported earnings per share (EPS) of $144.87 in its most recent fiscal year.
AUTOZONE INC (AZO) has a return on equity (ROE) of -61.2%. A negative ROE may indicate losses or negative equity.
AUTOZONE INC (AZO) has a 5-year average gross margin of 52.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for AUTOZONE INC (AZO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AUTOZONE INC (AZO) has a book value per share of $-197.99, based on its most recent annual SEC filing.