15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 8.4% per year over the past 5 years.
Net income has grown slower than revenue (7.6% vs 8.4% per year).
Operating margin has been roughly flat, at 19.1% in the latest year.
Free cash flow has declined 4.6% per year over the past 5 years.
Financial health
Total debt ($8.8B) exceeds cash ($272M); net debt is $8.6B.
Total debt has grown in line with revenue (9.8% vs 8.4% per year).
Operating income covered interest expense 7.4× in the latest year.
Total debt is 2.1× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
2025
$18.9B
$2.5B
52.6%
19.1%
$1.8B
$8.8B
$272M
2024
$18.5B
$2.7B
53.1%
20.5%
$1.9B
$9.1B
$298M
2023
$17.5B
$2.5B
52.0%
19.9%
$2.1B
$7.7B
$277M
2022
$16.3B
$2.4B
52.1%
20.1%
$2.5B
$6.2B
$264M
2021
$14.6B
$2.2B
52.8%
20.1%
$2.9B
$5.3B
$1.2B
2020
$12.6B
$1.7B
53.6%
19.1%
$2.3B
$5.5B
$1.8B
2019
$11.9B
$1.6B
53.7%
18.7%
$1.6B
$5.2B
$176M
2018
$11.2B
$1.3B
53.2%
16.1%
$1.6B
$5.0B
$218M
2017
$10.9B
$1.3B
52.7%
19.1%
$1.0B
$5.1B
$293M
2016
$10.6B
$1.2B
52.7%
19.4%
$1.2B
$4.9B
$190M
2015
—
$1.2B
—
—
—
$4.6B
$175M
2014
—
$1.1B
—
—
—
$4.3B
$124M
2013
—
$1.0B
—
—
$1.0B
$4.2B
$142M
2012
—
$930M
—
—
$846M
$3.8B
$103M
2011
—
$849M
—
—
$970M
$3.4B
$98M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
May '26
$4.8B
$641M
52.2%
19.1%
$456M
$9.1B
$254M
Feb '26
$4.3B
$469M
52.5%
16.3%
$36M
$9.0B
$285M
Nov '25
$4.6B
$531M
51.0%
16.9%
$630M
$8.7B
$288M
Aug '25
$6.2B
$837M
51.5%
19.2%
$511M
$8.8B
$272M
May '25
$4.5B
$608M
52.7%
19.4%
$423M
$8.9B
$269M
Feb '25
$4.0B
$488M
53.9%
17.9%
$291M
$9.1B
$301M
Nov '24
$4.3B
$565M
53.0%
19.7%
$565M
$9.1B
$304M
Aug '24
$6.2B
$902M
52.5%
20.9%
$723M
$9.1B
$298M
May '24
$4.2B
$652M
53.5%
21.3%
$434M
$9.0B
$275M
Feb '24
$3.9B
$515M
53.9%
19.3%
$179M
$8.7B
$304M
Nov '23
$4.2B
$593M
52.8%
20.3%
$595M
$8.6B
$283M
Aug '23
$5.7B
$865M
52.7%
21.5%
$702M
$7.7B
$277M
May '23
$4.1B
$648M
52.5%
21.0%
$554M
$7.4B
$275M
Feb '23
$3.7B
$477M
52.3%
18.2%
$210M
$7.1B
$301M
Nov '22
$4.0B
$539M
50.1%
18.1%
$679M
$6.4B
$270M
Aug '22
$5.3B
$810M
51.5%
20.6%
$925M
$6.2B
$264M
May '22
$3.9B
$593M
51.9%
20.3%
$682M
$6.1B
$263M
Feb '22
$3.4B
$472M
53.0%
18.6%
$256M
$5.9B
$239M
Nov '21
$3.7B
$555M
52.5%
20.6%
$676M
$5.3B
$961M
Aug '21
$4.9B
$786M
52.3%
21.2%
$1.0B
$5.3B
$1.2B
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 16.5× (Mar '23) to 20.0× (Jun '26).
The price-to-sales ratio has risen from 2.5× (Mar '23) to 2.6× (Jun '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 8.4% per year, and net income grown 7.6% per year. These are computed facts, not advice.
How much debt does AZO have?
As of FY2025, AutoZone reported $8.8B of total debt against $272M of cash; operating income covered interest expense 7.4×.
What is AZO's profit margin?
In FY2025, gross margin was 52.6%, operating margin 19.1%, and net margin 13.2%.
What is AZO's P/E ratio?
As of Jun '26, AutoZone traded at a price-to-earnings ratio of about 20.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.