What is AutoZone, Inc.'s earnings per share (EPS)?

AutoZone, Inc. (AZO) reported diluted earnings per share of $144.87 for fiscal year 2025. This represents a -3.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

AutoZone, Inc. (AZO) Financials

AZO

FY2025 annual

Revenue $18.9B +2.4% YoY

Net Income $2.5B -6.2% YoY

EPS (Diluted) $144.87 -3.1% YoY

Free Cash Flow $1.8B -7.3% YoY

Market Cap $46.8B as of Oct 13, 2026

Price / Sales 2.5x on $18.9B revenue, FY2025

Price / Earnings 18.7x on $2.5B net income, FY2025

Price / Book n/m negative shareholder equity, so no book multiple, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended May 9, 2026 Reported Jun 12, 2026 Currency USD FYE August

Newest figures come from the 10-Q for Q3 FY2026, filed Jun 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AZO SEC filings page.

AutoZone, Inc. (AZO) reported $18.9B in revenue for fiscal year 2025, up 2.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AZO FY2025 2026-10-03

AutoZone remains cash-generative, but cash conversion is weakening as reinvestment and financing demands consume more operating cash.

Free-cash-flow margin fell from 19.8% in FY2021 to 9.5% in FY2025 as capital expenditures rose, meaning more internally generated cash is being consumed before it becomes residual cash. That cash conversion squeeze matters because operating cash flow still exceeded net income in FY2025, but the surplus provided less flexibility after reinvestment.

FY2025 revenue rose to $18.9B, yet net income fell to $2.5B. The simultaneous drop in net margin to 13.2% from 14.4% shows the latest growth was less profitable, not simply a larger version of the prior year.

Negative equity and liabilities above assets show the business is financed with substantial obligations rather than shareholder capital; its 0.9x current ratio also leaves little excess current-asset coverage. FY2025 buybacks of $1.6B were close to $1.8B of free cash flow, so most residual cash still went to capital returns even as reinvestment reached a higher level.

Financial Health Signals

Financial Health Score 58/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of AutoZone, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

AutoZone, Inc. has an operating margin of 19.1%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 91/100, reflecting efficient cost management and pricing power. This is down from 20.5% the prior year.

Growth

AutoZone, Inc.'s revenue grew a modest 2.4% year-over-year to $18.9B. This slow but positive growth earns a score of 46/100.

Leverage

Liquidity

AutoZone, Inc.'s current ratio of 0.88 is below the typical benchmark, resulting in a score of 14/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

AutoZone, Inc. converts 9.4% of revenue into free cash flow ($1.8B). This strong cash generation earns a score of 66/100.

Returns

Altman Z-Score Grey Zone

2.47

AutoZone, Inc. scores 2.47, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

AutoZone, Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.25x

For every $1 of reported earnings, AutoZone, Inc. generates $1.25 in operating cash flow ($3.1B OCF vs $2.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

7.37x

AutoZone, Inc. earns $7.37 in operating income for every $1 of interest expense ($3.6B vs $490.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.8B

YoY+8.4%

QoQ+4.6%

AutoZone, Inc. generated $4.8B in revenue in Q3 2026. This represents an increase of 8.4% from the same quarter a year earlier. Against the prior quarter it is up 4.6%.

EBITDA

$1.1B

YoY+8.0%

QoQ+16.3%

AutoZone, Inc.'s EBITDA was $1.1B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.0% from the same quarter a year earlier. Against the prior quarter it is up 16.3%.

Net Income

$641.5M

YoY+5.4%

QoQ+20.8%

AutoZone, Inc. reported $641.5M in net income in Q3 2026. This represents an increase of 5.4% from the same quarter a year earlier. Against the prior quarter it is up 20.8%.

EPS (Diluted)

$38.07

YoY+7.7%

QoQ+22.6%

AutoZone, Inc. earned $38.07 per diluted share (EPS) in Q3 2026. This represents an increase of 7.7% from the same quarter a year earlier. Against the prior quarter it is up 22.6%.

Cash & Balance Sheet

Free Cash Flow

$456.5M

YoY+56.8%

QoQ-27.5%

5Y CAGR-7.1%

10Y CAGR+6.7%

AutoZone, Inc. generated $456.5M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 56.8% from the same quarter a year earlier. Against the prior quarter it is down 27.5%.

Cash & Debt

$253.7M

YoY-5.5%

QoQ-11.8%

AutoZone, Inc. held $253.7M in cash against $9.0B in long-term debt as of Q3 2026.

Shares Outstanding

16M

YoY-2.4%

QoQ-1.5%

5Y CAGR-7.3%

10Y CAGR-7.6%

AutoZone, Inc. had 16M shares outstanding in Q3 2026. This represents a decrease of 2.4% from the same quarter a year earlier. Against the prior quarter it is down 1.5%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

52.1%

YoY-0.6pp

QoQ+1.2pp

AutoZone, Inc.'s gross margin was 52.1% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.

Operating Margin

19.1%

YoY-0.3pp

QoQ+2.1pp

AutoZone, Inc.'s operating margin was 19.1% in Q3 2026, reflecting core business profitability. This is down 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.1 percentage points.

Net Margin

13.3%

YoY-0.4pp

QoQ+1.8pp

AutoZone, Inc.'s net profit margin was 13.3% in Q3 2026, showing the share of revenue converted to profit. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.

Return on Equity

Not reported for Q3 2026.

Capital Allocation

Share Buybacks

$580.7M

YoY+77.9%

QoQ+35.9%

5Y CAGR-3.4%

10Y CAGR+6.2%

AutoZone, Inc. spent $580.7M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 77.9% from the same quarter a year earlier. Against the prior quarter it is up 35.9%.

Capital Expenditures

$345.5M

YoY+18.0%

QoQ+10.0%

5Y CAGR+13.7%

10Y CAGR+15.7%

AutoZone, Inc. invested $345.5M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 18.0% from the same quarter a year earlier. Against the prior quarter it is up 10.0%.

R&D Spending

Not reported for Q3 2026.

AZO Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AZO quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$18.9B+2.4%	$18.5B+5.9%	$17.5B+7.4%	$16.3B+11.1%	$14.6B+15.8%	$12.6B+6.5%	$11.9B+5.7%	$11.2B+3.1%	$10.9B+2.4%	$10.6B+4.4%	$10.2B+7.5%	$9.5B+3.6%	$9.1B+6.3%	$8.6B+6.6%	$8.1B
Cost of Revenue	$9.0B+3.4%	$8.7B+3.4%	$8.4B+7.8%	$7.8B+12.6%	$6.9B+17.9%	$5.9B+6.6%	$5.5B+4.8%	$5.2B+1.9%	$5.1B+2.4%	$5.0B+3.4%	$4.9B+7.0%	$4.5B+3.0%	$4.4B+5.6%	$4.2B+5.5%	$4.0B
Gross Profit	$10.0B+1.5%	$9.8B+8.2%	$9.1B+7.1%	$8.5B+9.8%	$7.7B+14.0%	$6.8B+6.4%	$6.4B+6.5%	$6.0B+4.1%	$5.7B+2.3%	$5.6B+5.3%	$5.3B+7.9%	$4.9B+4.1%	$4.7B+7.0%	$4.4B+7.6%	$4.1B
SG&A Expenses	$6.4B+5.4%	$6.0B+7.7%	$5.6B+7.6%	$5.2B+9.0%	$4.8B+9.7%	$4.4B+4.9%	$4.1B-0.3%	$4.2B+13.8%	$3.7B+3.1%	$3.5B+5.2%	$3.4B+8.7%	$3.1B+4.6%	$3.0B+5.9%	$2.8B+6.8%	$2.6B
Operating Income	$3.6B-4.7%	$3.8B+9.1%	$3.5B+6.2%	$3.3B+11.1%	$2.9B+21.8%	$2.4B+9.1%	$2.2B+22.4%	$1.8B-12.9%	$2.1B+1.0%	$2.1B+5.5%	$2.0B+6.7%	$1.8B+3.2%	$1.8B+8.9%	$1.6B+9.0%	$1.5B
EBITDA	$4.2B-2.7%	$4.3B+9.2%	$4.0B+7.0%	$3.7B+10.8%	$3.4B+19.1%	$2.8B+8.9%	$2.6B+20.0%	$2.2B-10.3%	$2.4B+1.9%	$2.4B+6.1%	$2.2B+6.8%	$2.1B+4.1%	$2.0B+8.7%	$1.8B+8.9%	$1.7B
Interest Expense	$490.0M+5.3%	$465.2M+45.3%	$320.1M+61.0%	$198.9M-1.7%	$202.3M-2.7%	$208.0M+7.4%	$193.7M+6.6%	$181.7M+14.0%	$159.3M+5.5%	$151.0M-1.3%	$153.0M-10.2%	$170.4M-9.5%	$188.3M+5.5%	$178.5M+202.8%	-$173.7M
Income Tax	$636.1M-5.7%	$674.7M+5.6%	$639.2M-1.6%	$649.5M+12.2%	$578.9M+19.7%	$483.5M+16.8%	$414.1M+38.6%	$298.8M-53.6%	$644.6M-4.0%	$671.7M+4.6%	$642.4M+8.3%	$593.0M+3.8%	$571.2M+9.3%	$522.6M+10.0%	$475.3M
Net Income	$2.5B-6.2%	$2.7B+5.3%	$2.5B+4.1%	$2.4B+11.9%	$2.2B+25.2%	$1.7B+7.2%	$1.6B+20.9%	$1.3B+4.4%	$1.3B+3.2%	$1.2B+7.0%	$1.2B+8.5%	$1.1B+5.2%	$1.0B+9.3%	$930.4M+9.6%	$849.0M
EPS (Basic)	$148.80-3.3%	$153.82+12.6%	$136.60+13.1%	$120.83+23.8%	$97.60+32.6%	$73.62+13.6%	$64.78+30.6%	$49.59+10.1%	$45.05+8.5%	$41.52+12.9%	$36.76+14.3%	$32.16+13.7%	$28.28+17.6%	$24.04+20.7%	$19.91
EPS (Diluted)	$144.87-3.1%	$149.55+13.0%	$132.36+12.9%	$117.19+23.1%	$95.19+32.3%	$71.93+13.4%	$63.43+30.1%	$48.77+10.7%	$44.07+8.3%	$40.70+13.0%	$36.03+14.1%	$31.57+13.6%	$27.79+18.4%	$23.48+20.6%	$19.47
Diluted Shares (Avg)	17M-3.1%	18M-6.8%	19M-7.9%	21M-9.1%	23M-5.4%	24M-5.5%	25M-7.0%	27M-5.6%	29M-4.7%	30M-5.3%	32M-4.9%	34M-7.4%	37M-7.7%	40M-9.1%	44M

Metric	Q3'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$4.8B+8.4%	$4.6B+8.2%	N/A	$4.5B+5.4%	$4.3B	N/A	$4.2B+3.5%	$3.9B+4.6%
Cost of Revenue	$2.3B+9.7%	$2.3B+12.8%	N/A	$2.1B+7.2%	$2.0B	N/A	$2.0B+1.3%	$1.8B+1.1%
Gross Profit	$2.5B+7.3%	$2.4B+4.0%	N/A	$2.4B+3.9%	$2.3B	N/A	$2.3B+5.6%	$2.1B+7.8%
SG&A Expenses	$1.6B+7.6%	$1.6B+10.4%	N/A	$1.5B+8.9%	$1.4B	N/A	$1.4B+6.0%	$1.3B+6.1%
Operating Income	$923.8M+6.6%	$784.2M-6.8%	N/A	$866.2M-3.8%	$841.1M	N/A	$900.2M+4.9%	$743.2M+10.9%
EBITDA	$1.1B+8.0%	$932.4M-4.3%	N/A	$1.0B-2.5%	$974.3M	N/A	$1.0B+5.6%	$863.5M+10.8%
Interest Expense	$110.5M-0.7%	$106.3M-1.3%	N/A	$111.3M+6.6%	$107.6M	N/A	$104.4M+40.5%	$102.6M+56.4%
Income Tax	$171.8M+17.3%	$147.1M-12.7%	N/A	$146.4M+1.7%	$168.6M	N/A	$144.0M+5.6%	$125.6M-1.7%
Net Income	$641.5M+5.4%	$530.8M-6.0%	N/A	$608.4M-6.6%	$564.9M	N/A	$651.7M+0.6%	$515.0M+8.1%
EPS (Basic)	$38.95+7.2%	$31.88-4.6%	N/A	$36.33-3.7%	$33.40	N/A	$37.73+7.1%	$29.74+16.7%
EPS (Diluted)	$38.07+7.7%	$31.04-4.6%	N/A	$35.36-3.6%	$32.52	N/A	$36.69+7.5%	$28.89+17.2%
Diluted Shares (Avg)	17M-2.1%	17M-1.5%	N/A	17M-3.1%	17M	N/A	18M-6.4%	18M-7.8%

Not reported in any period shown, so not listed: R&D Expenses.

AZO Balance Sheet

AZO quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$19.4B+12.7%	$17.2B+7.4%	$16.0B+4.7%	$15.3B+5.2%	$14.5B+0.6%	$14.4B+45.8%	$9.9B+5.9%	$9.3B+0.9%	$9.3B+7.7%	$8.6B+6.1%	$8.1B+8.1%	$7.5B+9.1%	$6.9B+9.6%	$6.3B+6.7%	$5.9B
Current Assets	$8.3B+14.2%	$7.3B+7.8%	$6.8B+2.3%	$6.6B+3.3%	$6.4B-5.8%	$6.8B+35.5%	$5.0B+8.5%	$4.6B+0.5%	$4.6B+8.8%	$4.2B+6.8%	$4.0B+10.9%	$3.6B+9.2%	$3.3B+10.0%	$3.0B+6.7%	$2.8B
Cash & Equivalents	$271.8M-8.8%	$298.2M+7.6%	$277.1M+4.8%	$264.4M-77.4%	$1.2B-33.1%	$1.8B+893.1%	$176.3M-19.1%	$217.8M-25.7%	$293.3M+54.6%	$189.7M+8.2%	$175.3M+40.8%	$124.5M-12.5%	$142.2M+37.9%	$103.1M+5.6%	$97.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$22.5M+89.5%	$11.9M
Inventory	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	$2.6B+6.6%	$2.5B
Accounts Receivable	$670.1M+22.8%	$545.6M+4.8%	$520.4M+3.1%	$504.9M+33.4%	$378.4M+3.7%	$364.8M+18.1%	$309.0M+19.7%	$258.1M-8.0%	$280.7M-2.4%	$287.7M+16.1%	$247.9M+23.4%	$200.9M+17.0%	$171.6M+6.4%	$161.4M+14.7%	$140.7M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$53.7M-12.3%	$61.3M
Goodwill	$302.6M0.0%	$302.6M0.0%	$302.6M0.0%	$302.6M0.0%	$302.6M0.0%	$302.6M0.0%	$302.6M0.0%	$302.6M-22.8%	$391.9M0.0%	$391.9M0.0%	$391.9M+6.5%	$367.8M0.0%	$367.8M+21.5%	$302.6M0.0%	$302.6M
Total Liabilities	$22.8B+3.8%	$21.9B+7.8%	$20.3B+8.1%	$18.8B+15.3%	$16.3B+6.6%	$15.3B+31.8%	$11.6B+6.8%	$10.9B+1.7%	$10.7B+2.9%	$10.4B+6.0%	$9.8B+7.5%	$9.1B+6.6%	$8.6B+9.5%	$7.8B+9.7%	$7.1B
Current Liabilities	$9.5B+9.2%	$8.7B+2.4%	$8.5B-0.9%	$8.6B+16.5%	$7.4B+17.3%	$6.3B+14.0%	$5.5B+9.6%	$5.0B+5.5%	$4.8B+1.6%	$4.7B-0.5%	$4.7B+3.8%	$4.5B+8.9%	$4.2B+14.0%	$3.7B+6.5%	$3.4B
Non-Current Liabilities	$13.3B+0.3%	$13.2B+11.7%	$11.8B+15.6%	$10.2B+14.3%	$8.9B-0.8%	$9.0B+47.9%	$6.1B+4.4%	$5.8B-1.4%	$5.9B+3.9%	$5.7B+11.9%	$5.1B+11.2%	$4.6B+4.3%	$4.4B+5.5%	$4.2B+12.6%	$3.7B
Long-Term Debt	$8.8B-2.5%	$9.0B+17.7%	$7.7B+25.3%	$6.1B+16.2%	$5.3B-4.4%	$5.5B+5.9%	$5.2B+4.0%	$5.0B-1.5%	$5.1B+3.2%	$4.9B+6.5%	$4.6B+11.7%	$4.1B+3.2%	$4.0B+7.9%	$3.7B+12.1%	$3.3B
Total Equity	-$3.4B+28.1%	-$4.7B-9.2%	-$4.3B-22.9%	-$3.5B-96.9%	-$1.8B-104.7%	-$878.0M+48.8%	-$1.7B-12.7%	-$1.5B-6.4%	-$1.4B+20.1%	-$1.8B-5.1%	-$1.7B-4.9%	-$1.6B+3.9%	-$1.7B-9.0%	-$1.5B-23.4%	-$1.3B
Retained Earnings	-$4.0B+10.1%	-$4.4B-49.5%	-$3.0B-122.5%	-$1.3B-216.8%	-$419.8M+71.1%	-$1.5B-11.2%	-$1.3B-8.0%	-$1.2B+26.4%	-$1.6B-2.5%	-$1.6B-12.9%	-$1.4B+7.2%	-$1.5B-10.9%	-$1.4B-33.5%	-$1.0B-60.4%	-$644.0M

Metric	Q3'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$20.9B+12.3%	$19.7B+12.6%	$19.4B+12.7%	$18.6B+8.8%	$17.5B	$17.2B+7.4%	$17.1B+9.7%	$16.7B+7.5%
Current Assets	$8.9B+11.9%	$8.4B+13.8%	$8.3B+14.2%	$8.0B+9.6%	$7.4B	$7.3B+7.8%	$7.3B+8.7%	$7.2B+5.3%
Cash & Equivalents	$253.7M-5.5%	$287.6M-5.4%	$271.8M-8.8%	$268.6M-2.4%	$304.0M	$298.2M+7.6%	$275.4M+0.2%	$304.1M+0.9%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$764.9M+30.0%	$637.8M+19.6%	$670.1M+22.8%	$588.5M+0.3%	$533.5M	$545.6M+4.8%	$586.8M+24.6%	$501.1M+3.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$302.6M0.0%	$302.6M0.0%	$302.6M0.0%	$302.6M0.0%	$302.6M	$302.6M0.0%	$302.6M0.0%	$302.6M0.0%
Total Liabilities	$23.7B+4.9%	$22.9B+3.4%	$22.8B+3.8%	$22.6B+3.0%	$22.1B	$21.9B+7.8%	$21.9B+10.3%	$21.6B+9.3%
Current Liabilities	$10.0B+6.0%	$9.8B+10.4%	$9.5B+9.2%	$9.5B+3.0%	$8.9B	$8.7B+2.4%	$9.2B+8.6%	$8.8B+1.8%
Non-Current Liabilities	$13.7B+4.1%	$13.1B-1.3%	$13.3B+0.3%	$13.1B+3.0%	$13.3B	$13.2B+11.7%	$12.8B+11.5%	$12.8B+15.0%
Long-Term Debt	$9.0B+1.8%	$8.6B-4.3%	$8.8B-2.5%	$8.9B+4.2%	$9.0B	$9.0B+17.7%	$8.5B+15.7%	$8.6B+22.6%
Total Equity	-$2.8B+29.9%	-$3.2B+30.9%	-$3.4B+28.1%	-$4.0B+17.9%	-$4.7B	-$4.7B-9.2%	-$4.8B-12.5%	-$4.8B-15.6%
Retained Earnings	-$3.8B+22.1%	-$3.4B+10.8%	-$4.0B+10.1%	-$4.8B+9.7%	-$3.9B	-$4.4B-49.5%	-$5.3B-39.3%	-$6.0B-33.7%

Not reported in any period shown, so not listed: Inventory.

AZO Cash Flow Statement

AZO quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$3.1B+3.8%	$3.0B+2.2%	$2.9B-8.4%	$3.2B-8.7%	$3.5B+29.4%	$2.7B+27.8%	$2.1B+2.3%	$2.1B+32.5%	$1.6B-4.3%	$1.6B+4.3%	$1.6B+17.3%	$1.3B-5.2%	$1.4B+15.6%	$1.2B-5.2%	$1.3B
Depreciation & Amortization	$613.2M+11.5%	$549.8M+10.5%	$497.6M+12.5%	$442.2M+8.5%	$407.7M+2.6%	$397.5M+7.4%	$370.0M+7.2%	$345.1M+6.8%	$323.1M+8.6%	$297.4M+10.2%	$269.9M+7.4%	$251.3M+10.6%	$227.3M+7.3%	$211.8M+8.0%	$196.2M
Stock-Based Compensation	$124.7M+17.4%	$106.2M+14.1%	$93.1M+31.8%	$70.6M+25.8%	$56.1M+25.2%	$44.8M+3.7%	$43.3M-1.0%	$43.7M+14.2%	$38.2M-4.0%	$39.8M-2.9%	$41.0M+4.1%	$39.4M+5.6%	$37.3M+11.8%	$33.4M+25.3%	$26.6M
Capital Expenditures	$1.3B+23.7%	$1.1B+34.6%	$796.7M+18.5%	$672.4M+8.1%	$621.8M+35.8%	$457.7M-7.7%	$496.1M-4.9%	$521.8M-5.8%	$553.8M+13.3%	$488.8M+1.7%	$480.6M+9.7%	$438.1M+5.7%	$414.5M+9.6%	$378.1M+17.6%	$321.6M
Free Cash Flow	$1.8B-7.3%	$1.9B-9.9%	$2.1B-15.5%	$2.5B-12.4%	$2.9B+28.0%	$2.3B+38.6%	$1.6B+4.7%	$1.6B+53.3%	$1.0B-11.8%	$1.2B+5.5%	$1.1B+21.0%	$903.1M-9.7%	$1.0B+18.3%	$845.9M-12.8%	$969.9M
Investing Cash Flow	-$1.4B-8.9%	-$1.3B-46.8%	-$876.2M-35.2%	-$648.1M-7.7%	-$601.8M-20.9%	-$497.9M-1.2%	-$491.8M+5.8%	-$521.9M+5.7%	-$553.6M-9.4%	-$505.8M	N/A	N/A	-$527.3M-40.7%	-$374.8M-17.5%	-$319.0M
Financing Cash Flow	-$1.7B-3.7%	-$1.7B+18.3%	-$2.1B+40.6%	-$3.5B+0.9%	-$3.5B-443.9%	-$643.6M+61.6%	-$1.7B-2.6%	-$1.6B-78.5%	-$914.3M+18.1%	-$1.1B	N/A	N/A	-$847.0M-0.4%	-$843.4M+13.4%	-$973.8M
Share Buybacks	$1.6B-49.8%	$3.1B-15.1%	$3.7B-15.1%	$4.4B+29.1%	$3.4B+262.9%	$930.9M-53.6%	$2.0B+25.9%	$1.6B+48.6%	$1.1B-26.2%	$1.5B+14.2%	$1.3B+15.7%	$1.1B-20.8%	$1.4B+1.8%	$1.4B-7.1%	$1.5B

Metric	Q3'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$802.0M+37.4%	$944.2M+16.3%	$952.8M-11.0%	$583.7M-12.8%	$811.8M	$1.1B+0.2%	$669.5M-7.6%	$830.3M+4.6%
Depreciation & Amortization	$160.3M+16.2%	$148.2M+11.3%	$197.4M+12.6%	$137.9M+6.7%	$133.2M	$175.3M+10.6%	$129.2M+11.3%	$120.2M+10.0%
Stock-Based Compensation	$30.2M+4.1%	$30.7M+17.7%	N/A	$29.0M+14.2%	$26.1M	N/A	$25.4M	$23.0M+21.0%
Capital Expenditures	$345.5M+18.0%	$314.2M+27.2%	$441.6M+27.4%	$292.7M+24.5%	$247.0M	$346.8M-5.3%	$235.1M+37.3%	$235.4M+105.8%
Free Cash Flow	$456.5M+56.8%	$630.0M+11.5%	$511.1M-29.4%	$291.0M-33.0%	$564.8M	$723.5M+3.1%	$434.4M-21.5%	$594.8M-12.4%
Investing Cash Flow	-$345.6M-16.1%	-$326.7M-22.9%	-$483.2M-30.5%	-$297.7M+20.0%	-$265.7M	-$370.2M+6.8%	-$372.3M-78.1%	-$270.5M-137.5%
Financing Cash Flow	-$487.7M-69.1%	-$602.7M-12.0%	-$469.0M+29.4%	-$288.4M+11.6%	-$538.1M	-$664.8M+1.0%	-$326.1M+40.0%	-$552.2M+18.3%
Share Buybacks	$580.7M+77.9%	$427.2M-20.9%	$442.9M-37.1%	$326.4M-55.2%	$540.1M	$703.7M-29.6%	$728.1M-19.1%	$1.5B+65.2%

Not reported in any period shown, so not listed: Dividends Paid.

AZO Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AZO quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	52.6%-0.5pp	53.1%+1.1pp	52.0%-0.2pp	52.1%-0.6pp	52.8%-0.9pp	53.6%0.0pp	53.6%+0.4pp	53.2%+0.5pp	52.7%0.0pp	52.7%+0.4pp	52.3%+0.2pp	52.1%+0.3pp	51.8%+0.3pp	51.5%+0.5pp	51.0%
Operating Margin	19.1%-1.4pp	20.5%+0.6pp	19.9%-0.2pp	20.1%0.0pp	20.1%+1.0pp	19.1%+0.5pp	18.7%+2.5pp	16.1%-3.0pp	19.1%-0.3pp	19.4%+0.2pp	19.2%-0.2pp	19.3%-0.1pp	19.4%+0.5pp	18.9%+0.4pp	18.5%
Net Margin	13.2%-1.2pp	14.4%-0.1pp	14.5%-0.5pp	14.9%+0.1pp	14.8%+1.1pp	13.7%+0.1pp	13.6%+1.7pp	11.9%+0.2pp	11.8%+0.1pp	11.7%+0.3pp	11.4%+0.1pp	11.3%+0.2pp	11.1%+0.3pp	10.8%+0.3pp	10.5%
Return on Assets	12.9%-2.6pp	15.5%-0.3pp	15.8%-0.1pp	15.9%+1.0pp	14.9%+2.9pp	12.0%-4.3pp	16.3%+2.0pp	14.3%+0.5pp	13.8%-0.6pp	14.4%+0.1pp	14.3%+0.1pp	14.3%-0.5pp	14.8%-0.1pp	14.8%+0.4pp	14.5%
Current Ratio	0.880.0x	0.840.0x	0.800.0x	0.77-0.1x	0.87-0.2x	1.08+0.2x	0.910.0x	0.920.0x	0.97+0.1x	0.90+0.1x	0.84+0.1x	0.790.0x	0.790.0x	0.810.0x	0.81
Asset Turnover	0.98-0.1x	1.080.0x	1.090.0x	1.06+0.1x	1.01+0.1x	0.88-0.3x	1.200.0x	1.200.0x	1.18-0.1x	1.240.0x	1.260.0x	1.26-0.1x	1.330.0x	1.370.0x	1.38
FCF Margin	9.4%-1.0pp	10.4%-1.8pp	12.3%-3.3pp	15.6%-4.2pp	19.8%+1.9pp	17.9%+4.2pp	13.8%-0.1pp	13.9%+4.5pp	9.3%-1.5pp	10.8%+0.1pp	10.7%+1.2pp	9.5%-1.4pp	10.9%+1.1pp	9.8%-2.2pp	12.0%

Metric	Q3'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	52.1%-0.6pp	51.0%-2.0pp	N/A	52.7%-0.8pp	53.0%	N/A	53.5%+1.0pp	53.9%+1.6pp
Operating Margin	19.1%-0.3pp	16.9%-2.7pp	N/A	19.4%-1.8pp	19.7%	N/A	21.3%+0.3pp	19.3%+1.1pp
Net Margin	13.3%-0.4pp	11.5%-1.7pp	N/A	13.6%-1.8pp	13.2%	N/A	15.4%-0.4pp	13.4%+0.4pp
Return on Assets	3.1%-0.2pp	2.7%-0.5pp	N/A	3.3%-0.5pp	3.2%	N/A	3.8%-0.3pp	3.1%0.0pp
Current Ratio	0.890.0x	0.860.0x	0.880.0x	0.84+0.1x	0.83	0.840.0x	0.790.0x	0.820.0x
Asset Turnover	0.230.0x	0.240.0x	N/A	0.240.0x	0.24	N/A	0.250.0x	0.230.0x
FCF Margin	9.4%+2.9pp	13.6%+0.4pp	N/A	6.5%-3.7pp	13.2%	N/A	10.3%-3.3pp	15.4%-3.0pp

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

Note: Shareholder equity is negative (-$3.4B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.88), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
AutoZone, Inc. AZO	FY2025	$18.9B	$2.5B	13.2%	$46.8B	58/100
O'Reilly Automotive, Inc. ORLY	FY2025	$17.8B	$2.5B	14.3%	$70.1B	60/100
Genuine Parts Company GPC	FY2025	$24.3B	$65.9M	0.3%	$17.9B	25/100
Aptiv PLC APTV	FY2025	$20.4B	$165.0M	0.8%	$9.0B	49/100
Magna International MGA	FY2025	$42.0B	$829.0M	2.0%	$17.0B	28/100
Mobileye Global Inc. MBLY	FY2025	$1.9B	-$392.0M	-20.7%	$5.8B	52/100

Where AutoZone, Inc. Ranks

Frequently Asked Questions

What is AutoZone, Inc.'s annual revenue?

AutoZone, Inc. (AZO) reported $18.9B in total revenue for fiscal year 2025. This represents a 2.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is AutoZone, Inc.'s revenue growing?

AutoZone, Inc. (AZO) revenue grew by 2.4% year-over-year, from $18.5B to $18.9B in fiscal year 2025.

Is AutoZone, Inc. profitable?

Yes, AutoZone, Inc. (AZO) reported a net income of $2.5B in fiscal year 2025, with a net profit margin of 13.2%.

What is AutoZone, Inc.'s EBITDA?

AutoZone, Inc. (AZO) had EBITDA of $4.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does AutoZone, Inc. have?

As of fiscal year 2025, AutoZone, Inc. (AZO) had $271.8M in cash and equivalents against $8.8B in long-term debt.

What is AutoZone, Inc.'s gross margin?

AutoZone, Inc. (AZO) had a gross margin of 52.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is AutoZone, Inc.'s operating margin?

AutoZone, Inc. (AZO) had an operating margin of 19.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is AutoZone, Inc.'s net profit margin?

AutoZone, Inc. (AZO) had a net profit margin of 13.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is AutoZone, Inc.'s free cash flow?

AutoZone, Inc. (AZO) generated $1.8B in free cash flow during fiscal year 2025. This represents a -7.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is AutoZone, Inc.'s operating cash flow?

AutoZone, Inc. (AZO) generated $3.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are AutoZone, Inc.'s total assets?

AutoZone, Inc. (AZO) had $19.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are AutoZone, Inc.'s capital expenditures?

AutoZone, Inc. (AZO) invested $1.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does AutoZone, Inc. buy back shares?

Yes, AutoZone, Inc. (AZO) spent $1.6B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does AutoZone, Inc. have outstanding?

AutoZone, Inc. (AZO) had 17M shares outstanding as of fiscal year 2025.

What is AutoZone, Inc.'s current ratio?

AutoZone, Inc. (AZO) had a current ratio of 0.88 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is AutoZone, Inc.'s return on assets (ROA)?

AutoZone, Inc. (AZO) had a return on assets of 12.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is AutoZone, Inc.'s P/E ratio?

AutoZone, Inc. (AZO) trades at 18.7x earnings, its market capitalization divided by net income of $2.5B net income, FY2025. The market capitalization is $46.8B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is AutoZone, Inc.'s price-to-sales ratio?

AutoZone, Inc. (AZO) trades at 2.5x sales, its market capitalization divided by revenue of $18.9B revenue, FY2025. The market capitalization is $46.8B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is AutoZone, Inc.'s debt-to-equity ratio negative or not reported?

AutoZone, Inc. (AZO) has negative shareholder equity of -$3.4B as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is AutoZone, Inc.'s Altman Z-Score?

AutoZone, Inc. (AZO) has an Altman Z-Score of 2.47, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is AutoZone, Inc.'s Piotroski F-Score?

AutoZone, Inc. (AZO) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are AutoZone, Inc.'s earnings high quality?

AutoZone, Inc. (AZO) has an earnings quality ratio of 1.25x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can AutoZone, Inc. cover its interest payments?

AutoZone, Inc. (AZO) has an interest coverage ratio of 7.37x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is AutoZone, Inc.?

AutoZone, Inc. (AZO) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.