AZO Financials AutoZone

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Oct 29, 2026, 11:13 UTC Overview →

Growth & profitability

Revenue has grown 6.8% per year over the past 5 years.
Net income has grown slower than revenue (3.5% vs 6.8% per year).
Operating margin has contracted, at 18.3% in the latest year.
Free cash flow has declined 8.9% per year over the past 5 years.

Financial health

Total debt ($9.1B) exceeds cash ($326M); net debt is $8.8B.
Total debt has grown faster than revenue (11.5% vs 6.8% per year).
Operating income covered interest expense 7.6× in the latest year.
Total debt is 2.1× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$20.3B	$2.6B	52.3%	18.3%	-102.8%	11.9%	$1.8B	$9.1B	$326M
2025	$18.9B	$2.5B	52.6%	19.1%	-73.2%	12.9%	$1.8B	$8.8B	$272M
2024	$18.5B	$2.7B	53.1%	20.5%	-56.1%	15.5%	$1.9B	$9.1B	$298M
2023	$17.5B	$2.5B	52.0%	19.9%	-58.1%	15.8%	$2.1B	$7.7B	$277M
2022	$16.3B	$2.4B	52.1%	20.1%	-68.7%	15.9%	$2.5B	$6.2B	$264M
2021	$14.6B	$2.2B	52.8%	20.1%	-120.7%	15.0%	$2.9B	$5.3B	$1.2B
2020	$12.6B	$1.7B	53.6%	19.1%	-197.4%	12.0%	$2.3B	$5.5B	$1.8B
2019	$11.9B	$1.6B	53.7%	18.7%	-94.4%	16.3%	$1.6B	$5.2B	$176M
2018	$11.2B	$1.3B	53.2%	16.1%	-88.0%	14.3%	$1.6B	$5.0B	$218M
2017	$10.9B	$1.3B	52.7%	19.1%	-89.7%	13.8%	$1.0B	$5.1B	$293M
2016	$10.6B	$1.2B	52.7%	19.4%	-69.4%	14.4%	$1.2B	$4.9B	$190M
2015	—	$1.2B	—	—	-68.2%	14.3%	—	$4.6B	$175M
2014	—	$1.1B	—	—	-66.0%	14.3%	—	$4.3B	$124M
2013	—	$1.0B	—	—	-60.2%	14.8%	$1.0B	$4.2B	$142M
2012	—	$930M	—	—	-60.1%	14.8%	$846M	$3.8B	$103M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Aug '26	$6.6B	$932M	53.3%	20.0%	-37.2%	4.3%	$693M	$9.1B	$326M
May '26	$4.8B	$641M	52.2%	19.1%	-23.0%	3.1%	$456M	$9.1B	$254M
Feb '26	$4.3B	$469M	52.5%	16.3%	-16.1%	2.3%	$36M	$9.0B	$285M
Nov '25	$4.6B	$531M	51.0%	16.9%	-16.4%	2.7%	$630M	$8.7B	$288M
Aug '25	$6.2B	$837M	51.5%	19.2%	-24.5%	4.3%	$511M	$8.8B	$272M
May '25	$4.5B	$608M	52.7%	19.4%	-15.3%	3.3%	$423M	$8.9B	$269M
Feb '25	$4.0B	$488M	53.9%	17.9%	-10.9%	2.7%	$291M	$9.1B	$301M
Nov '24	$4.3B	$565M	53.0%	19.7%	-12.1%	3.2%	$565M	$9.1B	$304M
Aug '24	$6.2B	$902M	52.5%	20.9%	-19.0%	5.3%	$723M	$9.1B	$298M
May '24	$4.2B	$652M	53.5%	21.3%	-13.5%	3.8%	$434M	$9.0B	$275M
Feb '24	$3.9B	$515M	53.9%	19.3%	-10.6%	3.1%	$179M	$8.7B	$304M
Nov '23	$4.2B	$593M	52.8%	20.3%	-11.4%	3.6%	$595M	$8.6B	$283M
Aug '23	$5.7B	$865M	52.7%	21.5%	-19.9%	5.4%	$702M	$7.7B	$277M
May '23	$4.1B	$648M	52.5%	21.0%	-15.1%	4.2%	$554M	$7.4B	$275M
Feb '23	$3.7B	$477M	52.3%	18.2%	-11.4%	3.1%	$210M	$7.1B	$301M
Nov '22	$4.0B	$539M	50.1%	18.1%	-14.1%	3.5%	$679M	$6.4B	$270M
Aug '22	$5.3B	$810M	51.5%	20.6%	-22.9%	5.3%	$925M	$6.2B	$264M
May '22	$3.9B	$593M	51.9%	20.3%	-17.5%	4.1%	$682M	$6.1B	$263M
Feb '22	$3.4B	$472M	53.0%	18.6%	-15.0%	3.4%	$256M	$5.9B	$239M
Nov '21	$3.7B	$555M	52.5%	20.6%	-26.1%	3.8%	$676M	$5.3B	$961M

Valuation over time

How the market has priced AZO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 16.3× (Mar '23) to 20.4× (Nov '26).
The price-to-sales ratio has risen from 2.4× (Mar '23) to 2.6× (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is AZO growing its revenue and profit?

Over the past 5 years, AutoZone's revenue has grown 6.8% per year, and net income grown 3.5% per year. These are computed facts, not advice.

How much debt does AZO have?

As of FY2026, AutoZone reported $9.1B of total debt against $326M of cash; operating income covered interest expense 7.6×.

What is AZO's profit margin?

In FY2026, gross margin was 52.3%, operating margin 18.3%, and net margin 12.6%.

What is AZO's P/E ratio?

AutoZone's P/E (TTM) is 20.36 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the AZO stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 20.4× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.