Cash flow AutoZone, Inc.

Equities

AZO

US0533321024

Auto Vehicles, Parts & Service Retailers

Real-time Estimate Cboe BZX Other stock markets 12:54:35 2026-04-21 pm EDT			5-day change	1st Jan Change
3,602.99 ^USD	+0.57%		+3.00%	+6.55%

Mar. 16	TD Cowen Adjusts Price Target on AutoZone to $4,250 From $4,400, Maintains Buy Rating	MT
Mar. 09	Argus Upgrades AutoZone to Buy, Price Target is $4,325	MT

15c0a793ee027b9.7jIk5g0kB4CRnxi8UoZyEm9OvFsLyZTBWUr1sS08BV8.gANIjUZ1WMLe11TaP_wgZT0U5g5DpfCWNHKY5mNbQC_DWhXTXxNN9dztXQ

Published financial data: AUTOZONE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: August	2021	2022	2023	2024	2025
Revenues	14.63B	16.25B	17.46B	18.49B	18.94B
Total Revenues	14.63B	16.25B	17.46B	18.49B	18.94B
Cost of Goods Sold, Total	6.91B	7.78B	8.39B	8.67B	8.97B
Gross Profit	7.72B	8.47B	9.07B	9.82B	9.97B
Selling General & Admin Expenses, Total	4.73B	5.2B	5.6B	6.03B	6.36B
Other Operating Expenses, Total	4.73B	5.2B	5.6B	6.03B	6.36B
Operating Income	2.99B	3.27B	3.47B	3.79B	3.61B
Interest Expense, Total	-201M	-198M	-318M	-463M	-487M
Interest And Investment Income	5.42M	6.05M	12.05M	11.31M	10.97M
Net Interest Expenses	-195M	-192M	-306M	-452M	-476M
EBT, Excl. Unusual Items	2.79B	3.08B	3.17B	3.34B	3.13B
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-43M	-	-	-	-
EBT, Incl. Unusual Items	2.75B	3.08B	3.17B	3.34B	3.13B
Income Tax Expense	579M	649M	639M	675M	636M
Earnings From Continuing Operations	2.17B	2.43B	2.53B	2.66B	2.5B
Net Income to Company	2.17B	2.43B	2.53B	2.66B	2.5B
Net Income - (IS)	2.17B	2.43B	2.53B	2.66B	2.5B
Net Income to Common Incl Extra Items	2.17B	2.43B	2.53B	2.66B	2.5B
Net Income to Common Excl. Extra Items	2.17B	2.43B	2.53B	2.66B	2.5B
Per Share Items
Net EPS - Basic	97.6	120.83	136.6	153.82	148.8
Basic EPS - Continuing Operations	97.6	120.83	136.6	153.82	148.8
Basic Weighted Average Shares Outstanding	22.24M	20.11M	18.51M	17.31M	16.79M
Net EPS - Diluted	95.19	117.19	132.36	149.55	144.87
Diluted EPS - Continuing Operations	95.19	117.19	132.36	149.55	144.87
Diluted Weighted Average Shares Outstanding	22.8M	20.73M	19.1M	17.8M	17.24M
Normalized Basic EPS	78.48	95.71	106.96	120.5	116.68
Normalized Diluted EPS	76.54	92.82	103.64	117.15	113.6
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	3.4B	3.71B	3.97B	4.34B	4.22B
EBITA	2.99B	3.27B	3.47B	3.79B	3.61B
EBIT	2.99B	3.27B	3.47B	3.79B	3.61B
EBITDAR	3.77B	4.11B	4.41B	4.82B	4.73B
Effective Tax Rate - (Ratio)	21.06	21.09	20.18	20.22	20.29
Current Domestic Taxes	518M	342M	510M	-	-
Current Foreign Taxes	95.35M	122M	155M	-	-
Total Current Taxes	613M	464M	665M	726M	610M
Deferred Domestic Taxes	-23.07M	195M	-1.58M	-	-
Deferred Foreign Taxes	-11.36M	-9.72M	-24.13M	-	-
Total Deferred Taxes	-34.43M	186M	-25.71M	-51.23M	26.25M
Normalized Net Income	1.75B	1.92B	1.98B	2.09B	1.96B
Interest Capitalized	1.57M	1.2M	1.7M	2.3M	3.23M
Interest on Long-Term Debt	2.96M	4.35M	14.61M	19.28M	21.2M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	85.9M	97.1M	99.5M	103M	110M
Net Rental Expense, Total	371M	401M	438M	485M	507M
Imputed Operating Lease Interest Expense	71.18M	71.17M	109M	152M	158M
Imputed Operating Lease Depreciation	300M	330M	329M	333M	349M
Stock-Based Comp., SG&A Exp. (Total)	56.11M	70.61M	93.09M	106M	125M
Total Stock-Based Compensation	56.11M	70.61M	93.09M	106M	125M

Fiscal Period: August	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.17B	264M	277M	298M	272M
Short Term Investments	46.01M	49.77M	39.64M	38.43M	18.66M
Total Cash And Short Term Investments	1.22B	314M	317M	337M	290M
Accounts Receivable, Total	378M	505M	520M	546M	670M
Total Receivables	378M	505M	520M	546M	670M
Inventory	4.64B	5.64B	5.76B	6.16B	7.03B
Other Current Assets, Total	180M	171M	178M	269M	355M
Total Current Assets	6.42B	6.63B	6.78B	7.31B	8.34B
Gross Property Plant And Equipment	11.53B	12.37B	13.34B	14.36B	15.75B
Accumulated Depreciation	-3.95B	-4.28B	-4.74B	-5.12B	-5.49B
Net Property Plant And Equipment	7.58B	8.09B	8.59B	9.24B	10.26B
Long-term Investments	67.91M	62.78M	81.87M	83.73M	166M
Goodwill	303M	303M	303M	303M	303M
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	41.04M	52.05M	86M	83.69M	118M
Deferred Charges Long-Term	-	-	-	-	29.6M
Other Long-Term Assets, Total	114M	140M	141M	158M	140M
Total Assets	14.52B	15.28B	15.99B	17.18B	19.36B
Liabilities
Accounts Payable, Total	6.01B	7.3B	7.2B	7.36B	8.03B
Accrued Expenses, Total	783M	734M	691M	679M	727M
Current Portion of Leases	326M	336M	344M	382M	395M
Current Income Taxes Payable	79.47M	34.94M	52.48M	30.94M	58.71M
Unearned Revenue Current, Total	50.37M	52.24M	59.25M	58.53M	60.45M
Other Current Liabilities	116M	129M	163M	208M	253M
Total Current Liabilities	7.37B	8.59B	8.51B	8.71B	9.52B
Long-Term Debt	5.27B	6.12B	7.67B	9.02B	8.8B
Long-Term Leases	2.82B	3.06B	3.12B	3.24B	3.38B
Deferred Tax Liability Non Current	337M	534M	536M	447M	521M
Other Non Current Liabilities	518M	514M	501M	496M	548M
Total Liabilities	16.31B	18.81B	20.34B	21.93B	22.77B
Common Stock, Total	230K	207K	189K	175K	169K
Additional Paid In Capital	1.47B	1.35B	1.48B	1.62B	1.84B
Retained Earnings	-420M	-1.33B	-2.96B	-4.42B	-3.98B
Treasury Stock	-2.54B	-3.26B	-2.68B	-1.58B	-997M
Comprehensive Income and Other	-308M	-301M	-191M	-362M	-285M
Total Common Equity	-1.8B	-3.54B	-4.35B	-4.75B	-3.41B
Total Equity	-1.8B	-3.54B	-4.35B	-4.75B	-3.41B
Total Liabilities And Equity	14.52B	15.28B	15.99B	17.18B	19.36B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.97M	18.98M	17.68M	16.9M	16.63M
ECS Total Common Shares Outstanding	21.14M	19.13M	17.86M	16.93M	16.66M
Book Value / Share	-85.04	-185.03	-243.6	-280.61	-204.88
Tangible Book Value	-2.1B	-3.84B	-4.65B	-5.05B	-3.72B
Tangible Book Value Per Share	-99.36	-200.86	-260.54	-298.49	-223.04
Total Debt	8.42B	9.51B	11.13B	12.65B	12.58B
Net Debt	7.13B	9.14B	10.73B	12.23B	12.18B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	2.97B	3.21B	3.5B	3.88B	4.05B
Equity Method Investments, Total	-	-	-	-	60.8M
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	335M	15M	59M	19M	83M
Inventories - Finished Goods, Total	4.64B	5.64B	5.76B	6.16B	7.03B
Land - (BS)	1.26B	1.3B	1.37B	1.39B	1.47B
Buildings, Total	4.28B	4.49B	4.86B	5.12B	5.79B
Machinery, Total	2.41B	2.65B	2.97B	3.31B	3.56B
Full Time Employees	65.1K	69.44K	71.4K	75.6K	78K
Part Time Employees	39.9K	42.56K	47.6K	50.4K	52K
Accumulated Allowance for Doubtful Accounts (Supple)	11.4M	9.5M	7.7M	10.3M	11.7M

Fiscal Period: August	2021	2022	2023	2024	2025
Net Income	2.17B	2.43B	2.53B	2.66B	2.5B
Depreciation & Amortization - CF	408M	442M	498M	550M	613M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	408M	442M	498M	550M	613M
Amortization of Deferred Charges, Total - (CF)	12.86M	11.28M	9.26M	11.99M	12.84M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	56.11M	70.61M	93.09M	106M	125M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-34.43M	186M	18.29M	-294M	179M
Change In Accounts Receivable	-11.04M	-126M	-6.67M	-38.28M	-119M
Change In Inventories	-139M	-991M	-89.18M	-453M	-894M
Change In Accounts Payable	1.03B	1.22B	-184M	244M	657M
Change In Income Taxes	29.47M	-10.52M	92.83M	296M	68.45M
Change in Other Net Operating Assets	-3.82M	-25.93M	-19.16M	-81.06M	-24.4M
Cash from Operations	3.52B	3.21B	2.94B	3B	3.12B
Capital Expenditure	-622M	-672M	-797M	-1.07B	-1.33B
Sale of Property, Plant, and Equipment	29.98M	57.99M	27.04M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-10M	-33.7M	-107M	-225M	-113M
Other Investing Activities, Total	-	-	-	11.59M	39.82M
Cash from Investing	-602M	-648M	-876M	-1.29B	-1.4B
Short Term Debt Issued, Total	-	603M	606M	-	169M
Long-Term Debt Issued, Total	-	750M	1.75B	2.3B	500M
Total Debt Issued	-	1.35B	2.36B	2.3B	669M
Short Term Debt Repaid, Total	-	-	-	-630M	-
Long-Term Debt Repaid, Total	-310M	-567M	-881M	-385M	-996M
Total Debt Repaid	-310M	-567M	-881M	-1.01B	-996M
Issuance of Common Stock	188M	114M	182M	176M	172M
Repurchase of Common Stock	-3.38B	-4.36B	-3.7B	-3.14B	-1.58B
Other Financing Activities, Total	-	-10.66M	-18.17M	-4.2M	-13.38M
Cash from Financing	-3.5B	-3.47B	-2.06B	-1.68B	-1.75B
Foreign Exchange Rate Adjustments	4.17M	506K	8.15M	-12.76M	3.54M
Net Change in Cash	-579M	-907M	12.67M	21.12M	-26.37M
Supplemental Items
Cash Interest Paid	188M	179M	261M	354M	413M
Cash Income Tax Paid (Refund)	575M	461M	570M	438M	313M
Levered Free Cash Flow	2.44B	1.87B	1.54B	1.33B	1.09B
Unlevered Free Cash Flow	2.55B	1.98B	1.73B	1.61B	1.38B
Change In Net Working Capital	-838M	-92.98M	233M	343M	288M
Net Debt Issued / Repaid	-310M	786M	1.48B	1.29B	-328M

Fiscal Period: August	2021	2022	2023	2024	2025
Profitability
Return on Assets	12.9	13.72	13.89	14.28	12.35
Return on Total Capital	26.3	32.47	34.04	32.26	26.45
Return On Equity %	-162.24	-91.06	-64.1	-58.52	-61.2
Return on Common Equity	-162.24	-91.06	-64.1	-58.52	-61.2
Margin Analysis
Gross Profit Margin %	52.75	52.13	51.96	53.09	52.62
SG&A Margin	32.33	32.01	32.06	32.6	33.56
EBITDA Margin %	23.21	22.85	22.75	23.46	22.3
EBITA Margin %	20.42	20.12	19.9	20.49	19.06
EBIT Margin %	20.42	20.12	19.9	20.49	19.06
Income From Continuing Operations Margin %	14.84	14.95	14.48	14.4	13.19
Net Income Margin %	14.84	14.95	14.48	14.4	13.19
Net Avail. For Common Margin %	14.84	14.95	14.48	14.4	13.19
Normalized Net Income Margin	11.93	11.84	11.34	11.28	10.34
Levered Free Cash Flow Margin	16.64	11.48	8.83	7.2	5.74
Unlevered Free Cash Flow Margin	17.41	12.17	9.92	8.7	7.28
Asset Turnover
Asset Turnover	1.01	1.09	1.12	1.12	1.04
Fixed Assets Turnover	1.99	2.07	2.09	2.07	1.94
Receivables Turnover (Average Receivables)	39.37	36.8	34.05	34.69	31.16
Inventory Turnover (Average Inventory)	1.52	1.51	1.47	1.46	1.36
Short Term Liquidity
Current Ratio	0.87	0.77	0.8	0.84	0.88
Quick Ratio	0.22	0.1	0.1	0.1	0.1
Operating Cash Flow to Current Liabilities	0.48	0.37	0.35	0.34	0.33
Days Sales Outstanding (Average Receivables)	9.25	9.89	10.69	10.69	11.68
Days Outstanding Inventory (Average Inventory)	239.96	240.44	247.44	254.93	267.37
Average Days Payable Outstanding	287.21	276.08	310.06	297.91	284.41
Cash Conversion Cycle (Average Days)	-38	-25.74	-51.93	-32.29	-5.36
Long Term Solvency
Total Debt/Equity	-468.16	-268.83	-255.88	-266.36	-368.37
Total Debt / Total Capital	127.16	159.23	164.15	160.11	137.26
LT Debt/Equity	-449.99	-259.33	-247.97	-258.3	-356.8
Long-Term Debt / Total Capital	122.23	153.6	159.08	155.27	132.95
Total Liabilities / Total Assets	112.38	123.17	127.21	127.65	117.64
EBIT / Interest Expense	14.88	16.55	10.91	8.18	7.42
EBITDA / Interest Expense	18.76	20.81	13.85	10.42	9.72
(EBITDA - Capex) / Interest Expense	15.66	17.41	11.35	8.1	6.99
Total Debt / EBITDA	2.23	2.31	2.52	2.62	2.66
Net Debt / EBITDA	1.89	2.22	2.43	2.54	2.58
Total Debt / (EBITDA - Capex)	2.68	2.76	3.08	3.37	3.7
Net Debt / (EBITDA - Capex)	2.27	2.65	2.97	3.26	3.58
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.81	11.09	7.41	5.92	2.43
Gross Profit, 1 Yr. Growth %	13.99	9.78	7.06	8.23	1.52
EBITDA, 1 Yr. Growth %	17.11	9.36	6.97	9.24	-2.65
EBITA, 1 Yr. Growth %	19.43	9.48	6.21	9.06	-4.71
EBIT, 1 Yr. Growth %	19.43	9.48	6.21	9.06	-4.71
Earnings From Cont. Operations, 1 Yr. Growth %	25.24	11.95	4.07	5.3	-6.17
Net Income, 1 Yr. Growth %	25.24	11.95	4.07	5.3	-6.17
Normalized Net Income, 1 Yr. Growth %	21.38	10.28	2.87	5.35	-6.08
Diluted EPS Before Extra, 1 Yr. Growth %	32.34	23.11	12.94	12.99	-3.13
Accounts Receivable, 1 Yr. Growth %	3.73	33.43	3.07	4.84	22.83
Inventory, 1 Yr. Growth %	3.72	21.51	2.24	6.78	14.14
Net Property, Plant and Equip., 1 Yr. Growth %	6.84	6.78	6.25	7.52	10.99
Total Assets, 1 Yr. Growth %	0.64	5.23	4.65	7.45	12.68
Tangible Book Value, 1 Yr. Growth %	77.89	82.92	21.11	8.59	-26.43
Common Equity, 1 Yr. Growth %	104.74	96.88	22.92	9.19	-28.11
Cash From Operations, 1 Yr. Growth %	29.35	-8.74	-8.42	2.15	3.77
Capital Expenditures, 1 Yr. Growth %	35.84	8.14	18.48	34.65	23.73
Levered Free Cash Flow, 1 Yr. Growth %	37.98	-23.4	-17.33	-13.72	-18.29
Unlevered Free Cash Flow, 1 Yr. Growth %	35.27	-22.38	-12.42	-7.16	-14.26
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.05	13.43	9.24	6.66	4.16
Gross Profit, 2 Yr. CAGR %	10.12	11.86	8.41	7.64	4.82
EBITDA, 2 Yr. CAGR %	14.58	13.17	8.16	8.1	3.12
EBITA, 2 Yr. CAGR %	16.11	14.34	7.83	7.63	1.94
EBIT, 2 Yr. CAGR %	16.11	14.34	7.83	7.63	1.94
Earnings From Cont. Operations, 2 Yr. CAGR %	15.84	18.41	7.94	4.68	-0.6
Net Income, 2 Yr. CAGR %	15.84	18.41	7.94	4.68	-0.6
Normalized Net Income, 2 Yr. CAGR %	17.24	15.69	6.51	4.11	-0.53
Diluted EPS Before Extra, 2 Yr. CAGR %	22.5	27.64	17.92	12.97	4.62
Accounts Receivable, 2 Yr. CAGR %	10.66	17.65	17.27	3.95	13.48
Inventory, 2 Yr. CAGR %	3.65	12.27	11.46	4.49	10.4
Net Property, Plant and Equip., 2 Yr. CAGR %	31.23	6.81	6.51	6.88	9.24
Total Assets, 2 Yr. CAGR %	21.12	2.91	4.94	6.04	10.04
Tangible Book Value, 2 Yr. CAGR %	1.91	80.38	48.84	14.68	-10.62
Common Equity, 2 Yr. CAGR %	2.41	100.77	55.56	15.85	-11.4
Cash From Operations, 2 Yr. CAGR %	28.57	8.65	-8.58	-3.28	2.96
Capital Expenditures, 2 Yr. CAGR %	11.96	21.2	13.19	26.31	29.07
Levered Free Cash Flow, 2 Yr. CAGR %	39.91	2.81	-20.42	-15.54	-16.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	37.07	2.47	-17.55	-9.83	-10.78
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.24	11.06	11.39	8.12	5.23
Gross Profit, 3 Yr. CAGR %	8.91	10	10.24	8.35	5.56
EBITDA, 3 Yr. CAGR %	11.05	12.81	11.06	8.52	4.39
EBITA, 3 Yr. CAGR %	11.86	13.85	11.57	8.24	3.35
EBIT, 3 Yr. CAGR %	11.86	13.85	11.57	8.24	3.35
Earnings From Cont. Operations, 3 Yr. CAGR %	17.51	14.53	13.42	7.05	0.93
Net Income, 3 Yr. CAGR %	17.51	14.53	13.42	7.05	0.93
Normalized Net Income, 3 Yr. CAGR %	12.52	14.87	11.25	6.12	0.59
Diluted EPS Before Extra, 3 Yr. CAGR %	24.97	22.71	22.54	16.25	7.32
Accounts Receivable, 3 Yr. CAGR %	13.6	17.78	12.57	12.97	9.9
Inventory, 3 Yr. CAGR %	5.57	9.29	8.82	9.88	7.61
Net Property, Plant and Equip., 3 Yr. CAGR %	21.55	22.52	6.62	6.85	8.24
Total Assets, 3 Yr. CAGR %	15.8	15.57	3.49	5.77	8.21
Tangible Book Value, 3 Yr. CAGR %	4.64	23.85	57.95	33.99	-1.09
Common Equity, 3 Yr. CAGR %	5.74	27.34	70.48	38.25	-1.19
Cash From Operations, 3 Yr. CAGR %	19.15	14.69	2.63	-5.13	-0.98
Capital Expenditures, 3 Yr. CAGR %	6.02	10.67	20.29	19.94	25.44
Levered Free Cash Flow, 3 Yr. CAGR %	23.4	14.46	-4.4	-18.24	-16.47
Unlevered Free Cash Flow, 3 Yr. CAGR %	22.09	13.41	-2.76	-14.22	-11.33
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.58	8.34	9.24	9.28	8.44
Gross Profit, 5 Yr. CAGR %	6.59	8.1	8.71	9.05	8.04
EBITDA, 5 Yr. CAGR %	7.57	9.09	9.88	10.9	7.82
EBITA, 5 Yr. CAGR %	7.71	9.47	10.23	11.32	7.61
EBIT, 5 Yr. CAGR %	7.71	9.47	10.23	11.32	7.61
Earnings From Cont. Operations, 5 Yr. CAGR %	11.83	13.66	13.58	10.48	7.59
Net Income, 5 Yr. CAGR %	11.83	13.66	13.58	10.48	7.59
Normalized Net Income, 5 Yr. CAGR %	7.86	9.84	10.08	10.44	6.38
Diluted EPS Before Extra, 5 Yr. CAGR %	18.52	21.6	22.1	18.71	15.03
Accounts Receivable, 5 Yr. CAGR %	5.63	12.46	15.05	12.04	12.93
Inventory, 5 Yr. CAGR %	5.02	7.75	7.89	7.34	9.45
Net Property, Plant and Equip., 5 Yr. CAGR %	15.2	14.95	15.3	16.01	7.66
Total Assets, 5 Yr. CAGR %	11.04	10.53	11.33	11.66	6.06
Tangible Book Value, 5 Yr. CAGR %	-1.28	15.45	20.48	20.1	25.78
Common Equity, 5 Yr. CAGR %	0.11	19.9	23.4	22.61	31.21
Cash From Operations, 5 Yr. CAGR %	16.48	15.38	7.17	7.13	2.76
Capital Expenditures, 5 Yr. CAGR %	4.93	3.96	8.83	16.68	23.73
Levered Free Cash Flow, 5 Yr. CAGR %	26.32	17.5	3.54	1.36	-9.23
Unlevered Free Cash Flow, 5 Yr. CAGR %	24.76	16.46	4.35	3.47	-6.05