— Know what they know.
/
Not Investment Advice

AZO

NYSE · USD
AutoZone, Inc.
Consumer Cyclical · Specialty Retail
CEO Philip Daniele Employees 130,000 R&D / revenue 0.0%
Last price
$3,120.59+1.99%last session
Market cap
$50.9B
P/E (TTM)
20.0x
From 52w high
−22.8%
From 52w low
+14.3%
1-year return
−22.1%
RSI 14 · vs SMA200
66.9 · −4.6%
IS score
50.8/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

AZO   SPY   XLY (sector ETF) · weekly closes
708090100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLY 97AZO 78

Score DNA

Each bar is a 0-100 score within the scored universe
52
Profitability
58
Growth
41
Value
72
Momentum
65
Risk (safety)
68
Quality
36
Balance sheet
93
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ Insider buying✓ Congress buying
Warnings
None of the computed warning flags fires for AZO (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: None, Efficient ScalePiotroski 8 / 9Altman Z 2.7Beta 0.344 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
1
$0.49M bought
Form 144 notices (12m): 7, $40.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
4
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−22
118 new holders, 128 closed
1,278 filers hold 98.9% · 412 added, 478 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+62
998 funds adding shares
936 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
48.6%
20-day avg 52.8%, 50-day avg 57.1%
Latest 4.2 pp under its 20-day average · a flow, not short interest

Key financials · FY2026

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$20.3B
Revenue growth YoY+7.4%
Gross margin52.3%
Operating income$3.7B
Operating margin18.3%
Net income$2.6B
Net margin12.6%
EPS (diluted)$152.55
Cash flow
Operating cash flow$0
Capital expenditure$0
Free cash flow$0
FCF conversion (FCF / OCF)—
Stock-based compensation$0
FCF less SBC$0
Buybacks$0
Dividends$0
Balance sheet & returns
Cash & short-term investments$326.1M
Total debt$9.1B
Net debt$8.8B
Shareholders' equity−$2.5B
Goodwill & intangibles$0
Debt / equity-4.97
ROE (TTM)-90.1%
ROIC (TTM)24.7%
Operating margin by fiscal year
20.1%FY202219.9%FY202320.5%FY202419.1%FY202518.3%FY2026
Revenue $16.3B (FY2022) to $20.3B (FY2026), a 5.8% CAGR.

Valuation

P/E (TTM)20.0x
EV / EBITDA15.1x
Price / sales2.50x
Price / FCF45.4x
FCF yield2.20%
Buyback yield0.00%
SBC / revenue0.5%
Price / bookn/m
Forward P/E FY202718.3x
Forward multiples divide today's price by Street EPS estimates. Street mean target $3,575.81 across 16 analysts last quarter is theirs, not ours.

AZO vs industry median

241 companies in Specialty Retail
Gross margin 52.3% 37.7% Operating margin 18.3% 2.6% Net margin 12.6% 0.3% ROIC 24.7% 4.0%
AZO (TTM)Industry median Asset turnover 0.94 vs industry 1.17 · financial leverage -8.64

Earnings delivery

Next report 2026-12-08 · consensus EPS $35.54
50%
beat rate, 6 of 12 quarters
−0.4%
median EPS surprise
3
longest beat streak
+3+10+2-4-3-3-5-4-5+2+5+4
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-12-05 to 2026-09-22. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
AZO AutoZone, Inc. $50.9B20.0x-90.1%12.6%+7.4% −22.1%
EBAY eBay Inc. $53.5B24.3x47.2%17.5%+14.7% +33.6%
SE Sea Limited $57.4B34.6x14.5%5.7%+43.1% −42.4%
ORLY O'Reilly Automotive, Inc. $72.2B28.2x-172.8%14.6%+8.5% −11.8%
WSM Williams-Sonoma, Inc. $29.5B25.3x55.0%17.3%+2.2% +33.8%
MELI MercadoLibre, Inc. $93.0B49.9x27.5%4.6%+46.0% —
CPNG Coupang, Inc. $25.7Bn/m-20.0%-6.4%+9.9% —
CASY Casey's General Stores, Inc. $25.5B33.0x20.0%4.8%+13.8% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-10-09Officer/Director Change
2026-09-22Earnings Release; Exhibits
2026-07-14Material Agreement; Financial Obligation; Exhibits
2026-07-09Material Agreement; Exhibits
2026-06-16Other Events; Exhibits
2026-05-26Earnings Release; Exhibits

Context

Shares outstanding16,325,400
Free float98.7%
Institutional ownership98.9%
Beta0.34
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$2,938.97 / $3,273.38
Large-cap Consumer Cyclical median P/E24.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where AZO sits among 40 scored companies in Specialty Retail (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureAZOIndustry medianIndustry percentileSector median
P/E (TTM) 19.8x 22.2x
31st		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) 5.02 1.02
89th		 0.96
Price / sales 2.5x 1.1x
72nd		 1.0x
Price / book —
Price / tangible book —
Price / free cash flow 32.5x 19.7x
75th		 15.2x
Price / operating cash flow 17.6x 12.0x
70th		 10.2x
Enterprise value $63.1B $7.1B
92nd		 $5.6B
EV / sales 3.1x 1.5x
77th		 1.4x
EV / EBITDA 15.1x 13.1x
59th		 11.4x
EV / EBIT 16.9x 17.5x
43rd		 16.0x
EV / free cash flow 40.2x 23.3x
72nd		 21.0x
Earnings yield 5.1% 4.1%
72nd		 4.8%
FCF yield 3.1% 4.7%
31st		 5.9%
Operating cash flow yield 5.7% 8.2%
33rd		 9.3%
Graham number (per share) —

Profitability (TTM)

MeasureAZOIndustry medianIndustry percentileSector median
Gross margin 52.3% 43.4%
77th		 34.2%
EBITDA margin 20.6% 10.4%
85th		 11.7%
Operating margin 18.3% 8.1%
90th		 8.7%
EBIT margin 18.3% 7.5%
85th		 8.2%
Net margin 12.6% 5.2%
82nd		 4.9%
NOPAT margin 14.5% 5.7%
92nd		 6.8%
FCF margin 7.7% 5.0%
62nd		 6.5%
Operating cash flow margin 14.3% 9.9%
67th		 10.4%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 34.0% 27.7%
74th		 17.2%
Stock comp / revenue 0.6% 0.7%
43rd		 0.6%
Effective tax rate 20.9% 21.9%
29th		 22.4%

Returns on capital

MeasureAZOIndustry medianIndustry percentileSector median
ROE (on average equity) —
ROA 12.6% 7.7%
77th		 4.4%
ROIC 30.6% 12.6%
79th		 9.3%
ROCE 32.3% 15.5%
85th		 9.9%
Return on tangible assets 18.2% 10.7%
74th		 7.4%
Cash ROIC (OCF / invested capital) 30.1% 24.2%
61st		 14.4%
Gross profitability (GP / assets) 49.2% 48.6%
54th		 31.6%
ROIC, 3-yr average 40.2% 13.1%
88th		 7.4%
ROIC, 5-yr average —
ROE, 5-yr average —
Incremental ROIC 90.6% 23.3%
79th		 11.2%

Growth

MeasureAZOIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 7.4% 8.5%
41st		 6.0%
Revenue growth (QoQ) 36.2% 8.4%
95th		 6.6%
Revenue CAGR, 3 yr 5.2% 5.9%
49th		 3.0%
Revenue CAGR, 5 yr 6.8% 7.3%
46th		 5.9%
Gross profit CAGR, 3 yr 5.5% 6.3%
46th		 3.3%
Operating income CAGR, 3 yr 2.3% 3.7%
40th		 2.1%
Net income growth (TTM YoY) 3.0% 6.6%
38th		 4.7%
Net income CAGR, 3 yr 0.6% 3.5%
40th		 1.4%
EPS growth (TTM YoY) 4.9% 11.7%
41st		 7.6%
EPS CAGR, 3 yr 3.9% 7.9%
43rd		 3.4%
EPS CAGR, 5 yr 9.1% 3.1%
71st		 2.9%
FCF growth (TTM YoY) -12.3% 30.8%
31st		 26.3%
FCF CAGR, 3 yr -9.9% 8.2%
13th		 6.5%
Operating cash flow CAGR, 3 yr -0.5% 7.2%
26th		 6.7%
Book value CAGR, 3 yr —
Dividend CAGR, 3 yr —
Sustainable growth rate —

Margin history & stability

MeasureAZOIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 52.7% 42.3%
77th		 34.9%
Operating margin, 3-yr average 19.3% 6.8%
92nd		 8.0%
Net margin, 3-yr average 13.4% 4.5%
90th		 4.8%
FCF margin, 3-yr average 9.2% 3.9%
72nd		 5.7%
Revenue stability (0-1) 0.98 0.82
90th		 0.80
Earnings stability (0-1) 0.55 0.50
59th		 0.43
Margin stability (0-1) 0.99 0.94
97th		 0.92

Liquidity (latest quarter)

MeasureAZOIndustry medianIndustry percentileSector median
Cash & short-term investments $326.1M $295.9M
56th		 $278.1M
Net cash (− = net debt) −$12.1B −$1.3B
3rd		 −$1.2B
Working capital −$1.0B $206.6M
5th		 $298.0M
Current ratio 0.90 1.34
18th		 1.49
Quick ratio 0.14 0.68
3rd		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.03 0.47
8th		 0.31
Defensive interval (days) 17 days 163 days
0th		 290 days

Leverage & solvency (latest quarter)

MeasureAZOIndustry medianIndustry percentileSector median
Total debt $12.4B $2.2B
95th		 $1.8B
Debt / equity —
Net debt / equity —
Debt / assets 57.5% 38.1%
82nd		 39.7%
Debt / capital —
Debt / EBITDA 2.97 3.03
49th		 3.26
Net debt / EBITDA 2.89 2.03
65th		 2.42
Interest coverage (EBIT / interest) 7.9x 9.5x
45th		 5.1x
Cash interest coverage 6.1x 13.0x
34th		 6.0x
Debt payback (years of OCF) 4.3 yrs 3.1 yrs
68th		 3.8 yrs
Liabilities / assets 111.6% 70.6%
90th		 68.1%
IS credit model rating BBB- — —
Implied credit spread (bps) 350 175
62nd		 275

Efficiency

MeasureAZOIndustry medianIndustry percentileSector median
Asset turnover 0.99 1.24
28th		 1.00
Fixed asset turnover 1.76 3.56
13th		 3.73
Inventory turnover 1.3 5.1
3rd		 5.3
Receivables turnover 60.7 52.0
61st		 19.9
Days sales outstanding 6 days 7 days
44th		 18 days
Days inventory outstanding 278 days 72 days
97th		 68 days
Days payables outstanding 313 days 44 days
100th		 42 days
Cash conversion cycle (days) −29 days 15 days
23rd		 44 days
Capex / revenue 6.5% 3.5%
85th		 3.1%
Capex / depreciation 2.86 1.20
95th		 0.89
Operating expense ratio 33.4% 31.4%
56th		 24.8%

Cash flow & earnings quality

MeasureAZOIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.13 1.85
9th		 1.76
FCF / net income 0.61 1.08
20th		 1.18
FCF / operating cash flow 54.1% 65.5%
32nd		 70.1%
Capex / operating cash flow 45.9% 34.5%
68th		 29.9%
Accruals ratio -1.6% -6.2%
92nd		 -5.7%
Sloan accruals ratio -1.4% -3.1%
72nd		 -3.6%
Earnings quality score (0-1) 1.00 0.75
63rd		 0.75

Dividends & buybacks

MeasureAZOIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.0%
0th		 0.8%
Dividend per share (TTM) $0.00 $0.00
0th		 $0.40
Payout ratio (dividends / net income) 0.0% 0.0%
0th		 17.8%
Dividends / FCF 0.0% 0.0%
0th		 11.6%
Dividend growth (YoY) —
Buyback yield 3.4% 1.2%
69th		 1.6%
Shareholder yield (dividends + buybacks) 3.4% 2.2%
54th		 3.7%
Share count change (YoY) -1.8% 0.0%
31st		 -0.9%
Buybacks, last 5 years $6.8B $120.0M
95th		 $198.3M

Scores & forensic checks

MeasureAZOIndustry medianIndustry percentileSector median
IS score 51 56
38th		 50
IS profitability 52 43
69th		 38
IS growth 58 57
54th		 53
IS value 41 42
49th		 50
IS momentum 72 79
31st		 72
IS risk (safety) 65 65
33rd		 65
IS quality 68 66
62nd		 63
IS balance sheet 36 53
18th		 48
IS earnings quality 93 82
95th		 77
IS cash flow 41 55
33rd		 56
Piotroski F-score (0-9) 8 6
82nd		 6
Altman Z-score 2.7 2.9
36th		 2.8
Beneish M-score −3.34 −2.72
10th		 −2.69
Ohlson O-score −6.36 −6.81
67th		 −6.83
IS credit score 51 66
36th		 58

Per share

MeasureAZOIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $152.55 $1.84
100th		 $2.05
Book value per share −$148.38 $7.32
0th		 $14.46
Tangible book per share −$151.84 $3.07
0th		 $3.70
Revenue per share $1,205.96 $36.89
100th		 $46.29
FCF per share $93.07 $2.53
97th		 $2.72
Operating cash flow per share $171.89 $4.90
97th		 $4.86
Cash per share $19.34 $4.80
92nd		 $3.59

Size (TTM)

MeasureAZOIndustry medianIndustry percentileSector median
Market cap $50.9B $5.3B
87th		 $3.6B
Revenue $20.3B $6.1B
82nd		 $3.9B
EBITDA $4.2B $449.3M
97th		 $442.3M
Net income $2.6B $173.0M
95th		 $178.6M
Free cash flow $1.6B $298.5M
87th		 $206.3M
Total assets $21.6B $5.1B
92nd		 $4.4B
Shareholders' equity −$2.5B $827.1M
3rd		 $957.6M
Employees 130,000 16,550
97th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-09Bedsole Jenna M.
Sr. Vice President
 Award / grant 3,500$2,939.85$10.3M3,500
2026-10-09Jaycox Kenneth E
SVP Commercial
 Award / grant 3,500$2,939.85$10.3M3,500
2026-10-09Jackson Jamere
CFO
 Award / grant 5,270$2,939.85$15.5M5,270
2026-10-09Sharpley Grace Orians
SVP, Finance
 Award / grant 3,500$2,939.85$10.3M3,500
2026-10-09Mccullough Mary Denise
SVP Supply Chain
 Award / grant 3,500$2,939.85$10.3M3,500
2026-10-09Childress Bailey L.
SVP, Merchandising Support
 Award / grant 3,500$2,939.85$10.3M3,500
2026-10-09Rauch Lucas J.
SVP, Merchandising & Sourcing
 Award / grant 3,500$2,939.85$10.3M3,500
2026-10-09Lehman Lindsay
SVP, Marketing
 Award / grant 3,500$2,939.85$10.3M3,500
2026-10-09Leriche Dennis W.
Sr. Vice President
 Award / grant 3,500$2,939.85$10.3M3,500
2026-10-09Hurtado Domingo
Sr. Vice President
 Award / grant 3,500$2,939.85$10.3M3,500
2026-10-09Leef Eric
SVP HR
 Award / grant 3,500$2,939.85$10.3M3,500
2026-10-09Borninkhof K. Michelle
Senior Vice President & CIO
 Award / grant 3,500$2,939.85$10.3M3,500

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1860,356$177.5M
GiftDisposed11—
Open-market buyAcquired1165$492,855
Open-market saleDisposed11,455$4.5M
Option exerciseAcquired21,705$1.7M
Option exerciseDisposed21,705$1.7M
—Disposed3989$3.8M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 7 notices · 11,252 shares · $40.0M
FiledFilerShares proposedEst. proceeds
2026-08-07Leriche Dennis W.1,455$4.5M
2026-04-10Graves Earl G Jr50$173,936
2026-01-23Smith Richard Craig5,910$21.9M
2026-01-16Smith Richard Craig3,190$11.2M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 15 trades (9 purchases) · Senate 2 (1 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-22Rick AllenHouseSale$15,001 - $50,0002026-10-15
2026-09-11Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-04Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-20
2026-02-25Markwayne MullinSenateSale$50,001 - $100,0002026-03-10
2023-10-03Markwayne MullinSenatePurchase$1,001 - $15,0002023-11-01
2023-10-03Markwayne MullinSenatePurchase$1,001 - $15,0002023-10-31
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.1,232,366$3.9B7.55%
JPMORGAN CHASE & CO1,139,050$3.6B6.98%
VANGUARD CAPITAL MANAGEMENT LLC1,078,476$3.4B6.61%
VANGUARD PORTFOLIO MANAGEMENT LLC765,406$2.4B4.69%
STATE STREET CORP718,693$2.3B4.40%
GEODE CAPITAL MANAGEMENT, LLC416,591$1.3B2.55%
PRICE T ROWE ASSOCIATES INC /MD/400,861$1.3B2.46%
ROYAL BANK OF CANADA310,982$993.9M1.90%
NORGES BANK283,494$906.0M1.74%
FIRST MANHATTAN CO. LLC.262,141$837.8M1.61%
MORGAN STANLEY249,117$796.2M1.53%
FMR LLC245,701$785.2M1.51%
PineStone Asset Management Inc.244,260$780.6M1.50%
Fiera Capital Corp222,315$710.5M1.36%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP202,358$646.7M1.24%

Institutional ownership by quarter

2023-092026-0698.9%
% of shares held by 13F filers
2023-092026-061,278
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,27898.9%118412478128
2026-03-311,30089.7%109393529131
2025-12-311,34192.3%160373544139
2025-09-301,35191.6%14545443086
2025-06-301,31094.2%14044944489
2025-03-311,27795.0%16539147689
2024-12-311,22295.7%14242540168
2024-09-301,169101.0%11640238886
2024-06-301,14896.4%9742537398
2024-03-311,16797.0%14836641378
2023-12-311,11497.7%15732741171
2023-09-301,04599.9%9133140581

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-07-27SCHEDULE 13G/AJPMORGAN CHASE & CO.7.5%1,235,814
2026-04-29SCHEDULE 13GVanguard Capital Management7.5%1,241,699
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-06-05SCHEDULE 13G/AJPMORGAN CHASE & CO.4.2%708,579
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.06%$1.5B
VTI0.06%$1.5B
VSMPX0.06%$1.5B
VTSAX0.06%$1.5B
VFIAX0.07%$1.2B
VFFSX0.07%$1.2B

Share structure

Shares outstanding16,325,400
Float16,118,659
Free float98.7%

Income statement

Fiscal years, USD
FY2022FY2023FY2024FY2025FY2026
Revenue$16.3B$17.5B$18.5B$18.9B$20.3B
Cost of revenue$7.8B$8.4B$8.7B$9.0B$9.7B
Gross profit$8.5B$9.1B$9.8B$10.0B$10.6B
R&D$0$0$0$0$0
SG&A$5.2B$5.6B$6.0B$6.4B$6.9B
Operating income$3.3B$3.5B$3.8B$3.6B$3.7B
EBITDA$3.7B$4.0B$4.3B$4.2B$3.7B
Pretax income$3.1B$3.2B$3.3B$3.1B$3.3B
Income tax$649.5M$639.2M$674.7M$636.1M$677.9M
Net income$2.4B$2.5B$2.7B$2.5B$2.6B
EPS, diluted$117.19$132.36$149.55$144.87$152.55
Diluted shares20.7M19.1M17.8M17.2M16.9M

Balance sheet

FY2022FY2023FY2024FY2025FY2026
Cash & short-term investments$264.4M$277.1M$298.2M$271.8M$326.1M
Receivables$504.9M$520.4M$545.6M$670.1M$0
Inventory$5.6B$5.8B$6.2B$7.0B$7.7B
Total current assets$6.6B$6.8B$7.3B$8.3B$9.1B
PP&E, net$8.1B$8.6B$9.2B$10.3B$11.5B
Goodwill & intangibles$302.6M$302.6M$302.6M$302.6M$0
Total assets$15.3B$16.0B$17.2B$19.4B$21.6B
Accounts payable$7.3B$7.2B$7.4B$8.0B$8.6B
Total current liabilities$8.6B$8.5B$8.7B$9.5B$10.1B
Long-term debt$6.1B$7.7B$9.0B$8.8B$9.1B
Total liabilities$18.8B$20.3B$21.9B$22.8B$24.1B
Shareholders' equity−$3.5B−$4.3B−$4.7B−$3.4B−$2.5B

Cash flow statement

Outflows are negative
FY2022FY2023FY2024FY2025FY2026
Net income$2.4B$2.5B$2.7B$2.5B$0
Depreciation & amortization$442.2M$497.6M$549.8M$613.2M$0
Stock-based compensation$70.6M$93.1M$106.2M$124.7M$0
Change in working capital$71.8M−$205.9M−$31.9M−$311.1M$0
Operating cash flow$3.2B$2.9B$3.0B$3.1B$0
Capital expenditure−$672.4M−$796.7M−$1.1B−$1.3B$0
Free cash flow$2.5B$2.1B$1.9B$1.8B$0
Investing cash flow−$648.1M−$876.2M−$1.3B−$1.4B$0
Net debt issued / repaid$786.2M$1.5B$1.3B−$327.6M$0
Buybacks−$4.4B−$3.7B−$3.1B−$1.6B$0
Dividends paid$0$0$0$0$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2022FY2023FY2024FY2025FY2026
Gross margin52.1%52.0%53.1%52.6%52.3%
Operating margin20.1%19.9%20.5%19.1%18.3%
Net margin14.9%14.5%14.4%13.2%12.6%
FCF margin15.6%12.3%10.4%9.5%7.7%
ROE-91.1%-64.1%-58.5%-61.2%-87.0%
ROIC47.0%44.0%41.3%33.4%30.6%
ROA16.3%16.2%16.1%13.7%12.6%
Debt / equity-2.63-2.51-2.60-3.60-4.97
Interest coverage17.1x11.4x8.4x7.6x7.9x
Current ratio0.770.800.840.880.90
Revenue growth+11.1%+7.4%+5.9%+2.4%+7.4%
EPS growth+23.2%+11.8%+12.7%−5.0%+4.9%
P/E at year end17.8x18.1x20.8x28.9x19.4x
EV / EBITDA at year end14.1x14.1x15.5x19.9x14.8x
FCF yield at year end5.87%4.70%3.49%2.48%3.14%
Dividend payout0.0%0.0%0.0%0.0%0.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Auto Parts Locations———$18.2B$18.9B
Auto Parts Stores$14.4B$16.0B$17.1B——
Other Segments———$339.0M—
Other$247.9M$289.0M$312.1M——

Revenue by region · FY2025

UNITED STATES$16.7B · 88%
Non-US$2.3B · 12%

Street estimates by fiscal year

Next report 2026-12-08 · consensus EPS $35.54 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$20.4B$20.3B – $20.6B$150.63$147.76 – $152.801920.7x
2026$20.4B$20.3B – $20.6B$150.44$147.58 – $152.611920.7x
2027$21.8B$21.7B – $22.0B$170.71$164.26 – $181.302018.3x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-09-22$54.08$56.05+3.6%$6.7B$6.6B−1.6%
2026-05-26$36.22$38.07+5.1%$4.9B$4.8B−0.4%
2026-03-03$27.15$27.63+1.8%$4.3B$4.3B−0.8%
2025-12-09$32.75$31.04−5.2%$4.6B$4.6B−0.2%
2025-09-23$50.73$48.71−4.0%$6.3B$6.2B−0.1%
2025-05-27$37.11$35.36−4.7%$4.4B$4.5B+1.0%
2025-03-04$29.05$28.29−2.6%$4.0B$4.0B−0.8%
2024-12-10$33.60$32.52−3.2%$4.3B$4.3B−0.5%
2024-09-24$53.53$51.58−3.6%$6.2B$6.2B−0.4%
2024-05-21$35.96$36.69+2.0%$4.3B$4.2B−1.3%
2024-02-27$26.28$28.89+9.9%$3.8B$3.9B+0.4%
2023-12-05$31.49$32.55+3.4%$4.2B$4.2B−0.2%
2023-09-19$45.12$46.46+3.0%$5.6B$5.7B+1.4%
2023-05-23$31.42$34.12+8.6%$5.6B$4.1B−27.2%
2023-02-28$21.91$24.64+12.5%$3.6B$3.7B+3.7%
2022-12-06$25.27$27.45+8.6%$3.9B$4.0B+3.1%
2022-09-19$38.41$40.51+5.5%$5.2B$5.3B+3.6%
2022-05-24$26.05$29.03+11.4%—$3.9B—
2022-03-01$17.79$22.30+25.4%$3.2B$3.4B+6.4%
2021-12-07$20.87$25.69+23.1%$3.4B$3.7B+8.8%
2021-09-21$29.92$35.72+19.4%$4.0B$4.9B+22.4%
2021-05-25$20.14$26.48+31.5%$3.1B$3.7B+17.4%
2021-03-02$12.84$14.93+16.3%$2.7B$2.9B+6.6%
2020-12-08$17.85$18.61+4.3%$3.0B$3.2B+4.4%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.706-151.206-220.906-291.007-060.607-130.607-200.607-270.808-030.608-100.808-170.608-240.908-31
Week ofNotionalSharesTrades
2026-08-31$891.6M300,83731,398
2026-08-24$636.2M213,28827,668
2026-08-17$835.4M275,89331,748
2026-08-10$576.1M188,92324,755
2026-08-03$766.8M252,17327,839
2026-07-27$575.9M187,54428,121

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1548.6%
DateShort shareShort volumeTotal volume
2026-10-1548.6%40,31982,942
2026-10-1448.2%28,98160,078
2026-10-1350.4%26,52852,621
2026-10-1249.8%24,73349,708
2026-10-0952.4%21,64241,327
2026-10-0837.6%26,61570,804
2026-10-0746.8%20,37443,573
2026-10-0647.9%50,043104,466
2026-10-0546.4%35,42976,422
2026-10-0257.2%27,80348,568
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.8Jan+1.8Feb+2.8Mar+1.9Apr-1.1May+1.1Jun+2.0Jul+0.6Aug+1.5Sep+1.6Oct+3.8Nov+3.3Dec
MonthAvg returnUp yearsYears
Jan+0.8%60%20
Feb+1.8%70%20
Mar+2.8%67%21
Apr+1.9%50%20
May−1.1%45%20
Jun+1.1%60%20
Jul+2.0%65%20
Aug+0.6%45%20
Sep+1.5%60%20
Oct+1.6%60%20
Nov+3.8%80%20
Dec+3.3%70%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1466.9
MFI41.6
ADX12.8
Stochastic %K / %D92.9 / 87.2
Williams %R-5.4
CCI311
TSI / signal7.9 / -5.2
Chaikin money flow-0.10
ATR$81.17
Bollinger width10.9%
Volume vs 20-day avg0.53x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$2,889.68 (+8.0%)
SMA 50$2,940.01 (+6.1%)
SMA 200$3,271.98 (−4.6%)
EMA 21$2,922.31 (+6.8%)
EMA 50$2,945.26 (+6.0%)
EMA 200$3,209.87 (−2.8%)
Bollinger upper$3,047.48 (+2.4%)
Bollinger lower$2,731.88 (+14.2%)
Parabolic SAR$2,783.72 (+12.1%)
Open the live chart, 110+ indicators

About AutoZone, Inc.

AutoZone, Inc. operates as a leading retailer and distributor specializing in automotive replacement parts and accessories. The company's comprehensive inventory caters to a diverse range of vehicles, including cars, sport utility vehicles, vans, and light trucks. Their product offerings encompass both new and remanufactured critical hard parts, essential maintenance items, various accessories, and a selection of non-automotive goods. Key automotive components available include A/C compressors, batteries, bearings, belts, hoses, brake calipers, chassis parts, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting systems, mufflers, radiators, starters, alternators, thermostats, water pumps, and tire repair kits. For vehicle upkeep, AutoZone supplies antifreeze, windshield washer fluid, an extensive array of brake components (drums, rotors, shoes, pads), various automotive fluids (brake, power steering, oil, transmission), oil and fuel additives, and filters for oil, cabin air, engine air, fuel, and transmission. Other maintenance products cover oxygen sensors, paints, refrigerants, shock absorbers, struts, spark plugs, wires, and windshield wipers. Beyond functional parts, the company offers a wide assortment of accessories and general merchandise such as air fresheners, mobile phone accessories, snacks, drinks, floor mats, seat covers, interior and exterior styling products, mirrors, performance parts, protectants, cleaners, sealants, adhesives, steering wheel covers, car stereos, radios, various tools, and vehicle wash/wax supplies. Additionally, they provide towing services. AutoZone also extends its reach through several channels: a commercial program providing credit and delivery services for professional clients; sales of automotive diagnostic and repair software under the ALLDATA brand via alldata.com and alldatadiy.com; and online retail of its full product range (hard parts, maintenance, accessories, non-automotive items) through autozone.com. As of November 20, 2021, AutoZone maintained a significant operational footprint, with 6,066 stores in the United States, 666 stores in Mexico, and 53 stores in Brazil. The company was established in 1979 and is headquartered in Memphis, Tennessee.

https://www.autozone.com

Key executives

NameTitlePayBorn
Philip DanieleChief Executive Officer, President & Director$2.4M1969
Jamere JacksonChief Financial Officer of Customer Satisfaction$1.7M1969
Thomas NewbernChief Operating Officer of Customer Satisfaction$1.7M1962
Eric S. GouldExecutive Vice President of Merchandising, Marketing, Supply Chain & Customer Satisfaction$1.0M1970
Kenneth E. Jaycox Jr.Senior Vice President of Commercial & Customer Satisfaction$984,8591968
Dennis W. LericheSenior Vice President of Store Operations & Customer Satisfaction—1968
Eric J. LeefSenior Vice President of Human Resources & Customer Satisfaction—1974
John Scott MurphyPrincipal Accounting Officer, Vice President of Customer Satisfaction & Controller—1973

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Philip B. Daniele, III President & Chief Executive Officer2025$1.0M$27,754$1.3M$9.6M
Jamere Jackson Chief Financial Officer2025$808,462$0$782,187$6.9M
Thomas B. Newbern Chief Operating Officer2025$808,462$0$782,187$6.9M
William R. Hackney Executive Vice President, Merchandising, Marketing & Supply Chain2025$516,923$0$375,093$6.0M
Kenneth E. Jaycox, Jr. Senior Vice President, Commercial2025$500,000$0$290,251$4.3M
William C. Rhodes, III Executive Chairman2025$150,000$0$0$2.6M

Employees

90k201896k2019100k2020100k2021112k2022119k2023126k2024130k2025

Dividends

Ex-dateAmountPaid
None on file.

Moat model

None · Efficient Scale · 2026-08-29
Cost advantage30
Intangibles19
Switching costs12
Network effect60
Efficient scale80
Our component scores (0-100) and overall 34.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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