A Business at a Glance
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O REILLY AUTOMOTIVE INC
ORLY
$74.7B
Mkt Cap
$87.40
+1.50%
O REILLY AUTOMOTIVE INC (ORLY) has a current P/E ratio of 29.4, compared to its historical median P/E of 24.5. The stock is currently considered Expensive based on its historical valuation range.
O REILLY AUTOMOTIVE INC (ORLY) has a 5-year average return on invested capital (ROIC) of 64.9%. This indicates strong capital allocation and a potential competitive advantage.
O REILLY AUTOMOTIVE INC (ORLY) has a market capitalization of $72.7B. It is classified as a large-cap stock.
O REILLY AUTOMOTIVE INC (ORLY) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 3.38%.
Based on historical P/E analysis, O REILLY AUTOMOTIVE INC (ORLY) appears expensive. The current P/E of 29.4 is 20% above its historical median of 24.5. The estimated fair value CAGR (P/E method) is 15.8%.
O REILLY AUTOMOTIVE INC (ORLY) operates in the Retail-Auto & Home Supply Stores industry, within the Consumer Cyclical sector.
O'Reilly Automotive is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories across North America, operating 6,447 stores in the United States and Puerto Rico, 112 stores in Mexico, and 26 stores in Canada as of December 31, 2025. The company employs a dual market strategy, serving both do-it-yourself (DIY) customers and professional service providers equally, with approximately 50% of sales derived from each segment in 2025. O'Reilly's business model centers on providing a broad selection of hard parts (alternators, batteries, brake components, engine parts, etc.), maintenance items, and accessories alongside enhanced in-store services such as battery testing, wiper and bulb replacement, check engine light diagnostics via VeriScan technology, and custom hydraulic hose fabrication. The company operates a strategic regional tiered distribution network comprising 32 distribution centers and 399 Hub stores that provide same-day or overnight access to over 156,000 SKUs, with more than 95% of stores receiving multiple same-day deliveries. O'Reilly's competitive advantages include its proven dual market execution, technically proficient store personnel, superior customer service capabilities, and experienced management team that has delivered 33 consecutive years of record revenues and earnings since becoming public in 1993. The company generates revenue through retail sales of automotive parts and accessories, supported by a robust point-of-sale system integrated with a proprietary electronic catalog, online ordering platforms (OReillyAuto.com for DIY and OReillyPro.com for professionals), and local delivery services.
【Strong momentum with cautious consumer outlook】 Management reported first-quarter 2026 comparable store sales growth of 8.1%, exceeding expectations and marking the third consecutive quarter of double-digit professional comps, driven by better-than-expected ticket count growth on both sides of the business. The company maintained its full-year 2026 comparable store sales guidance range of 3%-5% despite the strong start, citing uncertainty around consumer spending in response to potential fuel price increases and a cautious consumer stance, though fundamental demand drivers including miles driven and vehicle fleet age and size are expected to remain supportive. Management expects continued average ticket growth primarily from same-SKU inflation of approximately 6% in the first half of 2026 before moderating in the back half as comparisons become more challenging, with transaction count growth also anticipated to contribute positively to comparable store sales. The company is executing its growth strategy through planned openings of 225-235 net new stores in 2026, capital expenditures of $1.3-$1.4 billion, and continued investment in distribution capabilities and store refreshes, while maintaining gross margin guidance of 51.5%-52% and raising full-year operating profit guidance to 19.3%-19.8%.
| Metric | Target | Period |
|---|---|---|
| Comparable store sales | 3%-5% | FY2026 |
| Diluted earnings per share | $3.15-$3.25 | FY2026 |
| Gross margin | 51.5%-52% | FY2026 |
| Operating profit margin | 19.3%-19.8% | FY2026 |
| Capital expenditures | $1.3 billion-$1.4 billion | FY2026 |
| Total revenues | $18.7 billion-$19 billion | FY2026 |
Comparable store sales (FY2026): “Turning to guidance, we've maintained our full-year comparable store sales guidance range of 3%-5%.”
Diluted earnings per share (FY2026): “we are increasing our full-year diluted earnings per share guidance to a range of $3.15-$3.25.”
Gross margin (FY2026): “We are maintaining our full-year gross margin guidance range of 51.5% - 52%.”
Operating profit margin (FY2026): “We are raising our full-year operating profit guidance range by 10 basis points to an updated range of 19.3%-19.8%.”
Capital expenditures (FY2026): “we still expect a total capital expenditure investment in 2026 of $1.3 billion-$1.4 billion.”
Total revenues (FY2026): “For 2026, we continue to expect our total revenues to be between $18.7 billion and $19 billion.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 18.2B | 17.8B | 16.7B | 15.8B | 14.4B | 13.3B |
| Net Income | 2.6B | 2.5B | 2.4B | 2.3B | 2.2B | 2.2B |
| EPS | $3.09 | $2.97 | $0.18 | $2.65 | $2.23 | $2.07 |
| Free Cash Flow | 1.9B | 1.6B | 2.0B | 2.0B | 2.6B | 2.8B |
| ROIC | 59.0% | 60.1% | 65.6% | 66.4% | 69.5% | 63.1% |
| Gross Margin | 51.6% | 51.6% | 51.2% | 51.3% | 51.2% | 52.7% |
| Debt/Equity | 0.00 | -8.52 | -3.63 | -3.63 | -4.12 | -57.62 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 3.6B | 3.5B | 3.3B | 3.2B | 3.0B | 2.9B |
| Operating Margin | 19.6% | 19.5% | 19.5% | 20.2% | 20.5% | 21.9% |
| ROE | 0.0% | -237.8% | -153.5% | -167.6% | -385.5% | - |
| Shares Outstanding | 832M | 855M | 13,210M | 886M | 975M | 1,044M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 7.2B | 8.0B | 8.6B | 9.0B | 9.5B | 10.1B | 11.6B | 13.3B | 14.4B | 15.8B | 16.7B | 17.8B | 18.2B |
| Gross Margin | 51.4% | 52.3% | 52.5% | 52.6% | 52.8% | 53.1% | 52.4% | 52.7% | 51.2% | 51.3% | 51.2% | 51.6% | 51.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 2.4B | 2.6B | 2.8B | 3.0B | 3.2B | 3.5B | 3.7B | 4.1B | 4.4B | 4.9B | 5.3B | 5.7B | 5.8B |
| EBIT | 1.3B | 1.5B | 1.7B | 1.7B | 1.8B | 1.9B | 2.4B | 2.9B | 3.0B | 3.2B | 3.3B | 3.5B | 3.6B |
| Op. Margin | 17.6% | 19.0% | 19.8% | 19.2% | 19.0% | 18.9% | 20.8% | 21.9% | 20.5% | 20.2% | 19.5% | 19.5% | 19.6% |
| Net Income | 778M | 931M | 1.0B | 1.1B | 1.3B | 1.4B | 1.8B | 2.2B | 2.2B | 2.3B | 2.4B | 2.5B | 2.6B |
| Net Margin | 10.8% | 11.7% | 12.1% | 12.6% | 13.9% | 13.7% | 15.1% | 16.2% | 15.1% | 14.8% | 14.3% | 14.3% | 14.3% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 25.7% | 30.2% | 32.6% | 34.4% | 38.8% | 37.4% | 46.5% | 63.1% | 69.5% | 66.4% | 65.6% | 60.1% | 59.0% |
| ROE | 39.1% | 46.8% | 57.8% | 99.4% | 263.1% | 370.4% | 1249.3% | N/A | -385.5% | -167.6% | -153.5% | -237.8% | 0.0% |
| ROA | 12.4% | 14.1% | 15.0% | 15.3% | 17.0% | 14.9% | 15.7% | 18.6% | 17.8% | 17.7% | 16.6% | 16.2% | 15.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.2B | 1.3B | 1.5B | 1.4B | 1.7B | 1.7B | 2.8B | 3.2B | 3.1B | 3.0B | 3.0B | 2.8B | 3.0B |
| Free Cash Flow | 760M | 931M | 1.0B | 938M | 1.2B | 1.1B | 2.4B | 2.8B | 2.6B | 2.0B | 2.0B | 1.6B | 1.9B |
| Owner Earnings | 973M | 1.1B | 1.3B | 1.2B | 1.4B | 1.4B | 2.5B | 2.9B | 2.8B | 2.6B | 2.6B | 2.2B | 2.5B |
| CapEx | 430M | 414M | 476M | 466M | 504M | 628M | 466M | 443M | 563M | 1.0B | 1.0B | 1.2B | 1.1B |
| Maint. CapEx | 194M | 210M | 218M | 234M | 259M | 271M | 315M | 328M | 358M | 409M | 462M | 511M | 524M |
| Growth CapEx | 236M | 204M | 258M | 232M | 245M | 357M | 151M | 115M | 205M | 597M | 561M | 658M | 602M |
| D&A | 194M | 210M | 218M | 234M | 259M | 271M | 315M | 328M | 358M | 409M | 462M | 511M | 524M |
| CapEx/OCF | 36.1% | 32.3% | 31.5% | 33.2% | 29.2% | 36.8% | 16.4% | 13.8% | 17.9% | 33.2% | 33.6% | 42.3% | 37.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 866M | 1.1B | 1.5B | 2.2B | 1.7B | 1.4B | 2.1B | 2.5B | 3.3B | 3.2B | 2.1B | 2.1B | 2.5B |
| Buyback Yield | 4.2% | 4.4% | 5.5% | 10.0% | 6.1% | 4.2% | 6.1% | 5.1% | 6.0% | 5.5% | 3.0% | 2.7% | 3.4% |
| Stock-Based Comp | 23M | 22M | 19M | 19M | 20M | 22M | 23M | 25M | 26M | 28M | 29M | 35M | 35M |
| Debt Repayment | 72K | 0 | 4.1M | 2.8B | 2.5B | 2.7B | 1.4B | 3.4M | 786M | 3.2B | 30M | 4.0M | 4.0M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.1B | 1.3B | 1.7B | 2.9B | 3.4B | 3.9B | 3.7B | 3.5B | 4.3B | 6.0B | 4.8B | 6.3B | 5.8B |
| Cash & Equiv. | 251M | 116M | 147M | 46M | 31M | 40M | 466M | 362M | 109M | 279M | 130M | 194M | 253M |
| Long-Term Debt | 1.4B | 1.4B | 1.9B | 3.0B | 3.4B | 3.9B | 4.1B | 3.8B | 4.4B | 5.6B | 5.5B | 6.0B | 6.2B |
| Debt/Equity | 0.69 | 0.71 | 1.16 | 4.56 | 9.66 | 9.79 | 29.40 | -57.62 | -4.12 | -3.63 | -3.63 | -8.52 | 0.00 |
| Interest Coverage | 23.8 | 26.5 | 24.0 | 18.9 | 14.9 | 13.7 | 15.0 | 20.2 | 18.7 | 15.8 | 14.6 | 14.7 | 14.8 |
| Equity | 2.0B | 2.0B | 1.6B | 653M | 354M | 397M | 140M | -66M | -1.1B | -1.7B | -1.4B | -763M | -1.1B |
| Total Assets | 6.5B | 6.7B | 7.2B | 7.6B | 8.0B | 10.7B | 11.6B | 11.7B | 12.6B | 13.9B | 14.9B | 16.5B | 16.9B |
| Total Liabilities | 4.5B | 4.7B | 5.6B | 6.9B | 7.6B | 10.3B | 11.5B | 11.8B | 13.7B | 15.6B | 16.3B | 17.3B | 224M |
| Intangibles | 15M | 12M | 11M | 9.4M | 8.4M | 1.8M | 56M | 49M | 46M | 50M | 68M | 72M | 72M |
| Retained Earnings | 822M | 679M | 290M | -613M | -909M | -889M | -1.1B | -1.4B | -2.4B | -3.1B | -2.8B | -2.3B | -2.6B |
| Working Capital | 252M | -36M | -143M | -250M | -351M | -636M | -763M | -1.4B | -2.0B | -2.1B | -2.4B | -2.0B | -2.3B |
| Current Assets | 3.1B | 3.0B | 3.3B | 3.4B | 3.5B | 3.8B | 4.5B | 4.5B | 5.0B | 5.6B | 5.8B | 6.7B | 7.0B |
| Current Liabilities | 2.8B | 3.0B | 3.4B | 3.6B | 3.9B | 4.5B | 5.3B | 5.9B | 7.1B | 7.7B | 8.3B | 8.8B | 9.2B |
| Per Share Data | |||||||||||||
| EPS | 0.49 | 0.61 | 0.72 | 0.84 | 1.07 | 1.19 | 1.57 | 2.07 | 2.23 | 2.65 | 0.18 | 2.97 | 3.09 |
| Owner EPS | 0.61 | 0.73 | 0.88 | 0.86 | 1.17 | 1.21 | 2.24 | 2.73 | 2.84 | 2.93 | 0.19 | 2.59 | 2.98 |
| Book Value | 1.27 | 1.29 | 1.12 | 0.49 | 0.29 | 0.34 | 0.13 | -0.06 | -1.09 | -1.96 | -0.10 | -0.89 | -1.28 |
| Cash Flow/Share | 0.75 | 0.88 | 1.04 | 1.05 | 1.40 | 1.46 | 2.54 | 3.07 | 3.23 | 3.42 | 0.23 | 3.23 | 3.76 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 1.6B | 1.5B | 1.5B | 1.3B | 1.2B | 1.2B | 1.1B | 1.0B | 974.6M | 886.1M | 13.2B | 854.6M | 832.3M |
| Valuation | |||||||||||||
| P/E Ratio | 26.4 | 27.9 | 26.2 | 19.1 | 21.2 | 24.5 | 19.4 | 22.4 | 25.3 | 24.5 | 29.5 | 31.1 | 28.3 |
| P/FCF | 27.0 | 27.9 | 26.2 | 23.1 | 23.0 | 31.5 | 14.4 | 17.5 | 21.2 | 27.4 | 520.4 | 49.5 | 38.0 |
| EV/EBIT | 16.9 | 17.9 | 16.9 | 14.2 | 17.4 | 19.7 | 15.4 | 17.7 | 20.0 | 19.6 | 23.2 | 24.4 | 22.1 |
| Price/Book | 10.2 | 13.3 | 16.7 | 33.2 | 79.6 | 85.6 | 242.7 | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | 2.3 | 2.9 | 3.0 | 2.3 | 2.5 | 3.0 | 2.7 | 2.9 | 3.2 | 3.5 | 3.9 | 4.5 | 4.0 |
| FCF Yield | 3.7% | 3.6% | 3.8% | 4.3% | 4.3% | 3.2% | 7.0% | 5.7% | 4.7% | 3.5% | 2.9% | 2.0% | 2.6% |
| Market Cap | 20.6B | 26.0B | 27.1B | 21.7B | 28.1B | 34.0B | 34.0B | 48.5B | 54.9B | 57.4B | 70.3B | 78.8B | 72.7B |
| Avg. Price | 10.30 | 15.42 | 17.93 | 15.64 | 19.56 | 25.96 | 28.08 | 37.40 | 46.97 | 60.40 | 73.26 | 94.15 | 87.40 |
| Year-End Price | 12.93 | 17.06 | 18.71 | 16.16 | 22.81 | 29.15 | 30.47 | 46.46 | 56.31 | 62.75 | 79.82 | 92.25 | 87.40 |
O REILLY AUTOMOTIVE INC passes 7 of 9 quality checks, indicating strong fundamentals.
O REILLY AUTOMOTIVE INC trades at 29.4x trailing earnings, compared to its 15-year median P/E of 24.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 46.9x vs a median of 23.1x. The company's 5-year average ROIC is 64.9% with a gross margin of 51.6%. Total shareholder yield (buybacks) is 3.4%. At current prices, the estimated annualized return to fair value is +10.6%.
O REILLY AUTOMOTIVE INC (ORLY) reported annual revenue of $17.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
O REILLY AUTOMOTIVE INC (ORLY) has a net profit margin of 14.3%. This is a healthy margin.
O REILLY AUTOMOTIVE INC (ORLY) generated $1.6 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
O REILLY AUTOMOTIVE INC (ORLY) reported earnings per share (EPS) of $2.97 in its most recent fiscal year.
O REILLY AUTOMOTIVE INC (ORLY) has a return on equity (ROE) of -237.8%. A negative ROE may indicate losses or negative equity.
O REILLY AUTOMOTIVE INC (ORLY) has a 5-year average gross margin of 51.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for O REILLY AUTOMOTIVE INC (ORLY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
O REILLY AUTOMOTIVE INC (ORLY) has a book value per share of $-0.89, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management reported first-quarter 2026 comparable store sales growth of 8.1%, exceeding expectations and marking the third consecutive quarter of double-digit professional comps, driven by better-than-expected ticket count growth on both sides of the business. The company maintained its full-year 2026 comparable store sales guidance range of 3%-5% despite the strong start, citing uncertainty around consumer spending in response to potential fuel price increases and a cautious consumer stance, though fundamental demand drivers including miles driven and vehicle fleet age and size are expected to remain supportive. Management expects continued average ticket growth primarily from same-SKU inflation of approximately 6% in the first half of 2026 before moderating in the back half as comparisons become more challenging, with transaction count growth also anticipated to contribute positively to comparable store sales. The company is executing its growth strategy through planned openings of 225-235 net new stores in 2026, capital expenditures of $1.3-$1.4 billion, and continued investment in distribution capabilities and store refreshes, while maintaining gross margin guidance of 51.5%-52% and raising full-year operating profit guidance to 19.3%-19.8%.
Based on recent SEC filings and earnings calls, O REILLY AUTOMOTIVE INC (ORLY) has provided the following forward guidance: Comparable store sales: 3%-5% (FY2026); Diluted earnings per share: $3.15-$3.25 (FY2026); Gross margin: 51.5%-52% (FY2026); Operating profit margin: 19.3%-19.8% (FY2026); Capital expenditures: $1.3 billion-$1.4 billion (FY2026), plus 1 additional metric.