A

AUTOZONE INC

AZO · CIK 0000866787

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$18.94B2.4%
FY2025
Net income (FY)
$2.50B6.2%
FY2025
Free cash flow (FY)
$1.79B7.3%
FY2025
Diluted EPS (FY)
$144.873.1%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2008 · Revenue $6.52B · Net income $641.6M · 0000950123-10-095687 · filed 2010-10-25FY08Revenue $6.52BNet income $641.6M0000950123-10-095687 · filed 2010-10-25FY2009 · Revenue $6.82B · Net income $657.0M · 0000950123-11-091540 · filed 2011-10-24FY09Revenue $6.82BNet income $657.0M0000950123-11-091540 · filed 2011-10-24FY2010 · Revenue $7.36B · Net income $738.3M · 0001193125-12-430271 · filed 2012-10-22FY10Revenue $7.36BNet income $738.3M0001193125-12-430271 · filed 2012-10-22FY2011 · Revenue $8.07B · Net income $849.0M · 0001193125-13-413428 · filed 2013-10-28FY11Revenue $8.07BNet income $849.0M0001193125-13-413428 · filed 2013-10-28FY2012 · Revenue $8.60B · Net income $930.4M · 0001193125-14-383401 · filed 2014-10-27FY12Revenue $8.60BNet income $930.4M0001193125-14-383401 · filed 2014-10-27FY2013 · Revenue $9.15B · Net income $1.02B · 0001193125-15-353476 · filed 2015-10-26FY13Revenue $9.15BNet income $1.02B0001193125-15-353476 · filed 2015-10-26FY2014 · Revenue $9.48B · Net income $1.07B · 0001193125-16-745160 · filed 2016-10-24FY14Revenue $9.48BNet income $1.07B0001193125-16-745160 · filed 2016-10-24FY2015 · Revenue $10.19B · Net income $1.16B · 0001193125-17-319357 · filed 2017-10-25FY15Revenue $10.19BNet income $1.16B0001193125-17-319357 · filed 2017-10-25FY2016 · Revenue $10.64B · Net income $1.24B · 0001193125-18-306452 · filed 2018-10-24FY16Revenue $10.64BNet income $1.24B0001193125-18-306452 · filed 2018-10-24FY2017 · Revenue $10.89B · Net income $1.28B · 0001193125-19-276201 · filed 2019-10-28FY17Revenue $10.89BNet income $1.28B0001193125-19-276201 · filed 2019-10-28FY2018 · Revenue $11.22B · Net income $1.34B · 0001558370-20-011748 · filed 2020-10-26FY18Revenue $11.22BNet income $1.34B0001558370-20-011748 · filed 2020-10-26FY2019 · Revenue $11.86B · Net income $1.62B · 0001558370-21-013446 · filed 2021-10-25FY19Revenue $11.86BNet income $1.62B0001558370-21-013446 · filed 2021-10-25FY2020 · Revenue $12.63B · Net income $1.73B · 0001558370-22-015239 · filed 2022-10-24FY20Revenue $12.63BNet income $1.73B0001558370-22-015239 · filed 2022-10-24FY2021 · Revenue $14.63B · Net income $2.17B · 0001558370-23-016668 · filed 2023-10-24FY21Revenue $14.63BNet income $2.17B0001558370-23-016668 · filed 2023-10-24FY2022 · Revenue $16.25B · Net income $2.43B · 0001558370-24-013758 · filed 2024-10-28FY22Revenue $16.25BNet income $2.43B0001558370-24-013758 · filed 2024-10-28FY2023 · Revenue $17.46B · Net income $2.53B · 0001104659-25-102611 · filed 2025-10-27FY23Revenue $17.46BNet income $2.53B0001104659-25-102611 · filed 2025-10-27FY2024 · Revenue $18.49B · Net income $2.66B · 0001104659-25-102611 · filed 2025-10-27FY24Revenue $18.49BNet income $2.66B0001104659-25-102611 · filed 2025-10-27FY2025 · Revenue $18.94B · Net income $2.50B · 0001104659-25-102611 · filed 2025-10-27FY25Revenue $18.94BNet income $2.50B0001104659-25-102611 · filed 2025-10-27FY25Revenue $18.94BNet income $2.50B0001104659-25-102611 · filed 2025-10-27FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 2.9× since FY2008 · net margin 9.8% → 13.2%

MarginsNet marginFCF margin
0%10%20%FY2008 · Net margin 9.8% · FCF margin 10.4%FY08Net margin 9.8%FCF margin 10.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 9.6% · FCF margin 9.6%FY09Net margin 9.6%FCF margin 9.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 10.0% · FCF margin 12.0%FY10Net margin 10.0%FCF margin 12.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 10.5% · FCF margin 12.0%FY11Net margin 10.5%FCF margin 12.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 10.8% · FCF margin 9.8%FY12Net margin 10.8%FCF margin 9.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 11.1% · FCF margin 10.9%FY13Net margin 11.1%FCF margin 10.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 11.3% · FCF margin 9.5%FY14Net margin 11.3%FCF margin 9.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 11.4% · FCF margin 10.7%FY15Net margin 11.4%FCF margin 10.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 11.7% · FCF margin 10.8%FY16Net margin 11.7%FCF margin 10.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 11.8% · FCF margin 9.3%FY17Net margin 11.8%FCF margin 9.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 11.9% · FCF margin 13.9%FY18Net margin 11.9%FCF margin 13.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 13.6% · FCF margin 13.8%FY19Net margin 13.6%FCF margin 13.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 13.7% · FCF margin 17.9%FY20Net margin 13.7%FCF margin 17.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 14.8% · FCF margin 19.8%FY21Net margin 14.8%FCF margin 19.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 14.9% · FCF margin 15.6%FY22Net margin 14.9%FCF margin 15.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 14.5% · FCF margin 12.3%FY23Net margin 14.5%FCF margin 12.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 14.4% · FCF margin 10.4%FY24Net margin 14.4%FCF margin 10.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 13.2% · FCF margin 9.5%FY25Net margin 13.2%FCF margin 9.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 13.2%FCF margin 9.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 13.2% · free cash flow 9.5% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2B$3BFY2008 · OCF $921.1M · FCF $677.5M · 0000950123-10-095687 · filed 2010-10-25FY08OCF $921.1MFCF $677.5M0000950123-10-095687 · filed 2010-10-25FY2009 · OCF $923.8M · FCF $651.6M · 0000950123-11-091540 · filed 2011-10-24FY09OCF $923.8MFCF $651.6M0000950123-11-091540 · filed 2011-10-24FY2010 · OCF $1.20B · FCF $880.9M · 0001193125-12-430271 · filed 2012-10-22FY10OCF $1.20BFCF $880.9M0001193125-12-430271 · filed 2012-10-22FY2011 · OCF $1.29B · FCF $969.9M · 0001193125-13-413428 · filed 2013-10-28FY11OCF $1.29BFCF $969.9M0001193125-13-413428 · filed 2013-10-28FY2012 · OCF $1.22B · FCF $845.9M · 0001193125-13-413428 · filed 2013-10-28FY12OCF $1.22BFCF $845.9M0001193125-13-413428 · filed 2013-10-28FY2013 · OCF $1.42B · FCF $1.00B · 0001193125-13-413428 · filed 2013-10-28FY13OCF $1.42BFCF $1.00B0001193125-13-413428 · filed 2013-10-28FY2014 · OCF $1.34B · FCF $903.1M · 0001193125-16-745160 · filed 2016-10-24FY14OCF $1.34BFCF $903.1M0001193125-16-745160 · filed 2016-10-24FY2015 · OCF $1.57B · FCF $1.09B · 0001193125-17-319357 · filed 2017-10-25FY15OCF $1.57BFCF $1.09B0001193125-17-319357 · filed 2017-10-25FY2016 · OCF $1.64B · FCF $1.15B · 0001193125-18-306452 · filed 2018-10-24FY16OCF $1.64BFCF $1.15B0001193125-18-306452 · filed 2018-10-24FY2017 · OCF $1.57B · FCF $1.02B · 0001193125-19-276201 · filed 2019-10-28FY17OCF $1.57BFCF $1.02B0001193125-19-276201 · filed 2019-10-28FY2018 · OCF $2.08B · FCF $1.56B · 0001558370-20-011748 · filed 2020-10-26FY18OCF $2.08BFCF $1.56B0001558370-20-011748 · filed 2020-10-26FY2019 · OCF $2.13B · FCF $1.63B · 0001558370-21-013446 · filed 2021-10-25FY19OCF $2.13BFCF $1.63B0001558370-21-013446 · filed 2021-10-25FY2020 · OCF $2.72B · FCF $2.26B · 0001558370-22-015239 · filed 2022-10-24FY20OCF $2.72BFCF $2.26B0001558370-22-015239 · filed 2022-10-24FY2021 · OCF $3.52B · FCF $2.90B · 0001558370-23-016668 · filed 2023-10-24FY21OCF $3.52BFCF $2.90B0001558370-23-016668 · filed 2023-10-24FY2022 · OCF $3.21B · FCF $2.54B · 0001558370-24-013758 · filed 2024-10-28FY22OCF $3.21BFCF $2.54B0001558370-24-013758 · filed 2024-10-28FY2023 · OCF $2.94B · FCF $2.14B · 0001104659-25-102611 · filed 2025-10-27FY23OCF $2.94BFCF $2.14B0001104659-25-102611 · filed 2025-10-27FY2024 · OCF $3.00B · FCF $1.93B · 0001104659-25-102611 · filed 2025-10-27FY24OCF $3.00BFCF $1.93B0001104659-25-102611 · filed 2025-10-27FY2025 · OCF $3.12B · FCF $1.79B · 0001104659-25-102611 · filed 2025-10-27FY25OCF $3.12BFCF $1.79B0001104659-25-102611 · filed 2025-10-27FY25OCF $3.12BFCF $1.79B0001104659-25-102611 · filed 2025-10-27’09’13’17’21’25

FY2025: $3.12B operating cash − $1.33B capex = $1.79B free cash flow

Returns on capitalReturn on equityReturn on assets
-200%-100%0%FY2009 · ROE -151.7% · ROA 12.4%FY09ROE -151.7%ROA 12.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE -99.9% · ROA 13.3%FY10ROE -99.9%ROA 13.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE -67.7% · ROA 14.5%FY11ROE -67.7%ROA 14.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE -60.1% · ROA 14.8%FY12ROE -60.1%ROA 14.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE -60.2% · ROA 14.7%FY13ROE -60.2%ROA 14.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE -66.0% · ROA 14.3%FY14ROE -66.0%ROA 14.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE -68.2% · ROA 14.3%FY15ROE -68.2%ROA 14.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE -69.4% · ROA 14.4%FY16ROE -69.4%ROA 14.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE -89.7% · ROA 13.8%FY17ROE -89.7%ROA 13.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE -88.0% · ROA 14.3%FY18ROE -88.0%ROA 14.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE -94.4% · ROA 16.3%FY19ROE -94.4%ROA 16.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -197.4% · ROA 12.0%FY20ROE -197.4%ROA 12.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE -120.7% · ROA 15.0%FY21ROE -120.7%ROA 15.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE -68.7% · ROA 15.9%FY22ROE -68.7%ROA 15.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE -58.1% · ROA 15.8%FY23ROE -58.1%ROA 15.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE -56.1% · ROA 15.5%FY24ROE -56.1%ROA 15.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE -73.2% · ROA 12.9%FY25ROE -73.2%ROA 12.9%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE -73.2%ROA 12.9%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity -152% (FY2009) → -73% (FY2025) · on assets 12.9%

The receipts