Autozone
AZO · NYSERetail-Auto & Home Supply Stores · Fiscal year ends Aug 29
Autozone reported revenue of $18.9B in the fiscal year ended Aug 2025, up 2.4% from the year before. Operating income was $3.6B, an operating margin of 19.1%, and net income was $2.5B. Operating cash flow of $3.1B less capital expenditure of $1.3B left free cash flow of $1.8B. Net debt was $8.5B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|
| Revenue | $14.6B | $16.3B | $17.5B | $18.5B | $18.9B |
| Cost of revenue | $6.9B | $7.8B | $8.4B | $8.7B | $9B |
| Gross profit | $7.7B | $8.5B | $9.1B | $9.8B | $10B |
| Selling, general & admin | $4.8B | $5.2B | $5.6B | $6B | $6.4B |
| Operating income | $2.9B | $3.3B | $3.5B | $3.8B | $3.6B |
| Interest expense | $202M | $199M | $320M | $465M | $490M |
| Pre-tax income | $2.7B | $3.1B | $3.2B | $3.3B | $3.1B |
| Income tax | $579M | $649M | $639M | $675M | $636M |
| Net income | $2.2B | $2.4B | $2.5B | $2.7B | $2.5B |
| Diluted EPS | 95.19 | 117.19 | 132.36 | 149.55 | 144.87 |
| Diluted shares | 23M | 21M | 19M | 18M | 17M |
Balance sheet
| Fiscal year | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.2B | $264M | $277M | $298M | $272M |
| Receivables | $378M | $505M | $520M | $546M | $670M |
| Current assets | $6.4B | $6.6B | $6.8B | $7.3B | $8.3B |
| Net PP&E | $4.9B | $5.2B | $5.6B | $6.2B | $7.1B |
| Goodwill | $303M | $303M | $303M | $303M | $303M |
| Total assets | $14.5B | $15.3B | $16B | $17.2B | $19.4B |
| Payables | $6B | $7.3B | $7.2B | $7.4B | $8B |
| Current liabilities | $7.4B | $8.6B | $8.5B | $8.7B | $9.5B |
| Long-term debt | $5.3B | $6.1B | $7.7B | $9B | $8.8B |
| Shareholders' equity | −$1.8B | −$3.5B | −$4.3B | −$4.7B | −$3.4B |
Cash flow
| Fiscal year | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $3.5B | $3.2B | $2.9B | $3B | $3.1B |
| Capital expenditure | $622M | $672M | $797M | $1.1B | $1.3B |
| Free cash flow | $2.9B | $2.5B | $2.1B | $1.9B | $1.8B |
| Depreciation & amortisation | $408M | $442M | $498M | $550M | $613M |
| Stock-based compensation | $56M | $71M | $93M | $106M | $125M |
| Share buybacks | $3.4B | $4.4B | $3.7B | $3.1B | $1.6B |
Key ratios
| Fiscal year | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 11.1% | 7.4% | 5.9% | 2.4% |
| Operating income growth (YoY) | – | 11.1% | 6.2% | 9.1% | −4.7% |
| EPS growth (YoY) | – | 23.1% | 12.9% | 13.0% | −3.1% |
| Gross margin | 52.8% | 52.1% | 52.0% | 53.1% | 52.6% |
| Operating margin | 20.1% | 20.1% | 19.9% | 20.5% | 19.1% |
| Net margin | 14.8% | 14.9% | 14.5% | 14.4% | 13.2% |
| ROCEEBIT ÷ (assets − current liabilities) | 41.2% | 48.9% | 46.5% | 44.8% | 36.7% |
| Free cash flow margin | 19.8% | 15.6% | 12.3% | 10.4% | 9.5% |
| Cash conversion (CFO ÷ net income) | 1.62x | 1.32x | 1.16x | 1.13x | 1.25x |
| Receivable days | 9 | 11 | 11 | 11 | 13 |
| Payable days | 318 | 343 | 313 | 310 | 326 |
| Interest cover | 14.6x | 16.4x | 10.9x | 8.14x | 7.37x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $4.1B | $5.9B | $7.4B | $8.7B | $8.5B |
| Current ratio | 0.87x | 0.77x | 0.80x | 0.84x | 0.88x |
Recent filings
More in Retail-Auto & Home Supply Stores
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.