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AZO

AutoZone, Inc.

AZO

AutoZone, Inc. • NYSE
$3954.33 ▼ -0.34% (-13.62)
Market Cap $66.39 B
52w High $4388.11
52w Low $3162.00
Dividend Yield 0%
P/E 27.32
Volume 51.38K
Outstanding Shares 16.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $6.243B ▲ $2.02B ▲ $836.951M ▲ 13.407% ▼ $50.02 ▲ $1.393B ▲
Q3-2025 $4.464B ▲ $1.487B ▲ $608.44M ▲ 13.629% ▲ $36.33 ▲ $1.011B ▲
Q2-2025 $3.952B ▼ $1.422B ▼ $487.923M ▼ 12.346% ▼ $29.06 ▼ $844.685M ▼
Q1-2025 $4.28B ▼ $1.427B ▼ $564.933M ▼ 13.2% ▼ $32.52 ▼ $974.322M ▼
Q4-2024 $6.205B $1.961B $902.208M 14.539% $52.98 $1.483B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $271.803M ▲ $19.355B ▲ $22.77B ▲ $-3.414B ▲
Q3-2025 $268.625M ▼ $18.622B ▲ $22.596B ▲ $-3.974B ▲
Q2-2025 $300.905M ▼ $18.116B ▲ $22.574B ▲ $-4.458B ▲
Q1-2025 $304.018M ▲ $17.466B ▲ $22.139B ▲ $-4.673B ▲
Q4-2024 $298.172M $17.177B $21.926B $-4.75B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $836.951M ▲ $952.755M ▲ $-483.169M ▼ $-469.044M ▼ $3.178M ▲ $511.121M ▲
Q3-2025 $608.441M ▲ $769.03M ▲ $-353.842M ▼ $-451.329M ▼ $-32.28M ▼ $423.144M ▲
Q2-2025 $487.923M ▼ $583.749M ▼ $-297.67M ▼ $-288.35M ▲ $-3.113M ▼ $291.047M ▼
Q1-2025 $564.933M ▼ $811.803M ▼ $-265.749M ▲ $-538.096M ▲ $5.846M ▼ $564.768M ▼
Q4-2024 $902.208M $1.07B $-370.248M $-664.771M $22.814M $723.464M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Auto Parts Locations
Auto Parts Locations
 $4.20Bn ▲$3.87Bn ▼$4.38Bn ▲$6.49Bn ▲
Other Segments
Other Segments
 $80.00M ▲$80.00M ▲$90.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement AutoZone’s sales have grown steadily over the past several years, though the pace of growth has recently slowed. Profitability remains strong, with healthy margins that suggest the core business is still quite efficient. However, operating profit and net income dipped slightly in the most recent year after a long stretch of improvement, hinting at some pressure from higher costs or heavier investment. Earnings per share are much higher than a few years ago, helped not only by profit growth but also by aggressive share repurchases. Overall, the income statement shows a mature, profitable retailer that is still expanding, but with less headroom for easy profit gains than in prior years.

Balance Sheet

Balance Sheet The balance sheet shows a company that relies heavily on debt and buybacks rather than building up traditional equity. Total assets have grown as AutoZone adds stores, distribution capabilities, and technology, but cash on hand is kept lean. Debt has increased meaningfully over time and now represents a large portion of the capital structure, which raises financial leverage and dependence on credit markets. Reported equity is negative, mainly reflecting long-term share repurchases rather than operating losses, but it still means there is less balance-sheet cushion in a severe downturn. The structure is efficient for returns when things go well, but it leaves less margin for error if the environment turns sharply worse.

Cash Flow

Cash Flow AutoZone generates strong and fairly steady cash from its day-to-day operations, which underpins the entire financial story. The business consistently produces more cash than it needs to run its stores, but free cash flow has been drifting lower as the company steps up spending on new locations, distribution hubs, and technology. Capital spending has clearly become a bigger priority, signaling a focus on long-term competitiveness rather than near-term cash maximization. Even after this higher investment, the company still has room to return cash through buybacks, but there is less surplus than a few years ago. The cash flow profile is solid and predictable, yet somewhat more tightly balanced between reinvestment needs and shareholder returns than before.

Competitive Edge

Competitive Edge AutoZone holds a strong competitive position in the auto parts market, supported by its large store base, extensive distribution network, and well-known brand. Its focus on fast parts availability, supported by hub and mega hub stores, is a key differentiator for both individual customers and repair shops. Exclusive private-label brands, particularly Duralast, help create customer stickiness and support attractive margins that are harder for smaller rivals to match. The commercial repair-shop segment has become an important growth engine, where fast delivery and integrated digital tools deepen relationships. At the same time, AutoZone operates in a competitive landscape with other large chains and online players, and faces long-term challenges from changes in vehicle technology and consumer behavior, so maintaining this edge will require continued execution.

Innovation and R&D

Innovation and R&D Innovation at AutoZone is less about traditional lab research and more about technology, data, and service design. The company uses artificial intelligence and advanced analytics to manage inventory and forecast demand, which directly supports better parts availability and lower waste. Its ownership of ALLDATA and the AutoZone Pro platform gives it a unique digital foothold with professional mechanics, embedding AutoZone deeper into repair-shop workflows. On the consumer side, the mobile app, website, and in-store services create an ecosystem that blends online convenience with local support. The company is also experimenting around the edges of the electric-vehicle transition and expanding mega hubs, but these are still early-stage adaptations in a market that will evolve over many years.

Summary

AutoZone comes across as a mature, highly profitable retailer with a strong competitive moat built on scale, supply chain strength, and customer service. The income statement shows solid growth and strong margins, although profit momentum has cooled a bit recently. The balance sheet is deliberately aggressive, with high leverage and negative equity driven by years of buybacks, which boosts returns but also heightens financial risk in a downturn. Cash generation remains robust and supports both reinvestment and capital returns, though rising investment needs are slowly eating into surplus free cash flow. Strategically, the company is leaning on technology, data, and integrated services to deepen relationships with both DIY customers and professional shops, while beginning to position itself for longer-term shifts such as the rise of electric vehicles. Overall, the story is one of a well-run, efficient operator that is optimizing a strong position in a changing, but still supportive, automotive aftermarket.

NEWS

November 21, 2025 · 5:00 PM UTC

AutoZone to hold Stockholders' Meeting December 17, 2025

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November 19, 2025 · 5:00 PM UTC

AutoZone to Release First Quarter Fiscal 2026 Earnings December 9, 2025

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October 8, 2025 · 5:00 PM UTC

AutoZone Authorizes Additional Stock Repurchase

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September 23, 2025 · 6:55 AM UTC

AutoZone 4th Quarter Total Company Same Store Sales Increase 5.1%; Domestic Same Store Sales Increase 4.8%; 4th Quarter EPS of $48.71; Annual Sales of $18.9 Billion

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