AZOAutoZone

Consumer discretionary · Auto Parts Retail · NYSE

AutoZone, Inc. (“AutoZone,” the “Company,” “we,” “our” or “us”) is a leading retailer and distributor of automotive replacement parts and accessories in the Americas. 10-K, Item 1

Headquarters: Memphis, TN
CEO: Philip B. Daniele
Next results: around Dec 8, 2026

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AZO and 9 peers, year by year

The 9 Consumer discretionary companies closest to AZO in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
AZO AutoZone	FY2026	$20.3B	+7.4%	52.3%	18.3%	12.6%	8.9%	n/m	n/m
APTV Aptiv	FY2025	$20.4B	+3.5%	-	5.8%	0.8%	7.5%	1.8%	0.83
RCL Royal Caribbean Group	FY2025	$17.9B	+8.8%	-	27.4%	23.8%	6.9%	42.5%	2.13
ORLY O'Reilly Automotive	FY2025	$17.8B	+6.4%	51.6%	19.5%	14.3%	9.0%	n/m	n/m
MGM MGM Resorts	FY2025	$17.5B	+1.7%	-	5.7%	1.2%	8.3%	8.5%	2.56
DASH DoorDash	FY2025	$13.7B	+27.9%	-	5.3%	6.8%	15.8%	9.3%	-
EXPE Expedia Group	FY2025	$14.7B	+7.6%	-	12.7%	8.8%	21.1%	100.8%	4.80
ROST Ross Stores	FY2025	$22.8B	+7.7%	-	11.9%	9.4%	9.7%	34.7%	0.25
PHM PulteGroup	FY2025	$17.3B	−3.5%	-	-	12.8%	10.1%	17.1%	0.00
TSCO Tractor Supply	FY2025	$15.5B	+4.3%	36.4%	9.5%	7.1%	4.8%	42.5%	0.06

Revenuepeer median $17.5B

Sales growthpeer median +6.4%

Gross margin

AZO 52.3%
ORLY 51.6%
TSCO 36.4%
APTV -
RCL -
MGM -
DASH -
EXPE -
ROST -
PHM -

Operating marginpeer median 10.7%

Net marginpeer median 8.8%

FCF marginpeer median 9.0%

Return on equitypeer median 25.9%

Debt / equitypeer median 0.83

EXPE 4.80
MGM 2.56
RCL 2.13
APTV 0.83
ROST 0.25
TSCO 0.06
PHM 0.00
AZO n/m
ORLY n/m
DASH -

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2017 to FY2026

Revenue as reported in the 10-K.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
AZO Aug	$10.9B	$11.2B	$11.9B	$12.6B	$14.6B	$16.3B	$17.5B	$18.5B	$18.9B	$20.3B
APTV Dec	$12.9B	$14.4B	$14.4B	$13.1B	$15.6B	$17.5B	$20.1B	$19.7B	$20.4B	-
RCL Dec	$8.8B	$9.5B	$11.0B	$2.2B	$1.5B	$8.8B	$13.9B	$16.5B	$17.9B	-
ORLY Dec	$9.0B	$9.5B	$10.1B	$11.6B	$13.3B	$14.4B	$15.8B	$16.7B	$17.8B	-
MGM Dec	$10.8B	$11.8B	$12.9B	$5.2B	$9.7B	$13.1B	$16.2B	$17.2B	$17.5B	-
DASH Dec	-	$291.0M	$885.0M	$2.9B	$4.9B	$6.6B	$8.6B	$10.7B	$13.7B	-
EXPE Dec	$10.1B	$11.2B	$12.1B	$5.2B	$8.6B	$11.7B	$12.8B	$13.7B	$14.7B	-
ROST Jan	$14.1B	$15.0B	$16.0B	$12.5B	$18.9B	$18.7B	$20.4B	$21.1B	$22.8B	-
PHM Dec	$8.6B	$10.2B	$10.2B	$11.0B	$13.7B	$16.0B	$16.1B	$17.9B	$17.3B	-
TSCO Dec	$7.3B	$7.9B	$8.4B	$10.6B	$12.7B	$14.2B	$14.6B	$14.9B	$15.5B	-
Peer median	$9.5B	$10.2B	$11.0B	$10.6B	$12.7B	$14.2B	$15.8B	$16.7B	$17.5B	-

Sales growth, FY2017 to FY2026

Revenue against the fiscal year before.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
AZO Aug	+2.4%	+3.1%	+5.7%	+6.5%	+15.8%	+11.1%	+7.4%	+5.9%	+2.4%	+7.4%
APTV Dec	+5.0%	+12.0%	−0.5%	−9.0%	+19.5%	+12.0%	+14.6%	−1.7%	+3.5%	-
RCL Dec	+3.3%	+8.2%	+15.3%	−79.8%	−30.6%	+477%	+57.2%	+18.6%	+8.8%	-
ORLY Dec	+4.5%	+6.2%	+6.4%	+14.3%	+14.8%	+8.1%	+9.7%	+5.7%	+6.4%	-
MGM Dec	+13.9%	+8.9%	+9.7%	−60.0%	+87.5%	+35.6%	+23.1%	+6.7%	+1.7%	-
DASH Dec	-	-	+204%	+226%	+69.4%	+34.7%	+31.2%	+24.2%	+27.9%	-
EXPE Dec	+14.7%	+11.6%	+7.5%	−56.9%	+65.4%	+35.7%	+10.0%	+6.6%	+7.6%	-
ROST Jan	+9.9%	+6.0%	+7.0%	−21.9%	+50.9%	−1.2%	+9.0%	+3.7%	+7.7%	-
PHM Dec	+11.7%	+18.8%	+0.2%	+8.1%	+26.2%	+16.5%	+0.4%	+11.7%	−3.5%	-
TSCO Dec	-	+9.0%	+5.6%	+27.2%	+19.9%	+11.6%	+2.5%	+2.2%	+4.3%	-
Peer median	+9.9%	+9.0%	+7.0%	−9.0%	+26.2%	+16.5%	+10.0%	+6.6%	+6.4%	-

Gross margin, FY2017 to FY2026

Gross profit / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
AZO Aug	52.7%	53.2%	53.7%	53.6%	52.8%	52.1%	52.0%	53.1%	52.6%	52.3%
APTV Dec	20.3%	18.9%	18.4%	14.8%	-	-	-	-	-	-
RCL Dec	-	-	-	-	-	-	-	-	-	-
ORLY Dec	52.6%	52.8%	53.1%	52.4%	52.7%	51.2%	51.3%	51.2%	51.6%	-
MGM Dec	-	-	-	-	-	-	-	-	-	-
DASH Dec	-	-	-	-	-	-	-	-	-	-
EXPE Dec	-	-	-	-	-	-	-	-	-	-
ROST Jan	-	-	-	-	-	-	-	-	-	-
PHM Dec	-	-	-	-	-	-	-	-	-	-
TSCO Dec	34.3%	34.2%	34.4%	35.4%	35.2%	35.0%	35.9%	36.3%	36.4%	-
Peer median	34.3%	34.2%	34.4%	35.4%	-	-	-	-	-	-

Operating margin, FY2017 to FY2026

Operating income / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
AZO Aug	19.1%	16.1%	18.7%	19.1%	20.1%	20.1%	19.9%	20.5%	19.1%	18.3%
APTV Dec	11.0%	10.2%	8.9%	16.2%	7.6%	7.2%	7.8%	9.3%	5.8%	-
RCL Dec	19.9%	20.0%	19.0%	−208.3%	−252.6%	−8.7%	20.7%	24.9%	27.4%	-
ORLY Dec	19.2%	19.0%	18.9%	20.8%	21.9%	20.5%	20.2%	19.5%	19.5%	-
MGM Dec	15.9%	12.5%	30.5%	−12.4%	23.5%	11.0%	11.7%	8.6%	5.7%	-
DASH Dec	-	−72.2%	−69.6%	−15.1%	−9.2%	−17.1%	−6.7%	−0.4%	5.3%	-
EXPE Dec	6.2%	6.4%	7.5%	−52.3%	2.2%	9.3%	8.0%	9.6%	12.7%	-
ROST Jan	-	-	-	-	-	10.6%	11.3%	12.2%	11.9%	-
PHM Dec	-	-	-	-	-	-	-	-	-	-
TSCO Dec	9.5%	8.9%	8.9%	9.4%	10.3%	10.1%	10.2%	9.9%	9.5%	-
Peer median	13.4%	10.2%	8.9%	−12.4%	7.6%	9.7%	10.7%	9.7%	10.7%	-

Net margin, FY2017 to FY2026

Net income / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
AZO Aug	11.8%	11.9%	13.6%	13.7%	14.8%	14.9%	14.5%	14.4%	13.2%	12.6%
APTV Dec	10.5%	7.4%	6.9%	13.8%	3.8%	3.4%	14.7%	9.1%	0.8%	-
RCL Dec	18.5%	19.1%	17.2%	−262.5%	−343.3%	−24.4%	12.2%	17.5%	23.8%	-
ORLY Dec	12.6%	13.9%	13.7%	15.1%	16.2%	15.1%	14.8%	14.3%	14.3%	-
MGM Dec	18.1%	4.0%	15.9%	−20.0%	13.0%	11.2%	7.1%	4.3%	1.2%	-
DASH Dec	-	−70.1%	−75.4%	−16.0%	−9.6%	−20.7%	−6.5%	1.1%	6.8%	-
EXPE Dec	3.8%	3.6%	4.7%	−50.2%	0.1%	3.0%	6.2%	9.0%	8.8%	-
ROST Jan	9.6%	10.6%	10.4%	0.7%	9.1%	8.1%	9.2%	9.9%	9.4%	-
PHM Dec	5.2%	10.0%	10.0%	12.7%	14.2%	16.4%	16.2%	17.2%	12.8%	-
TSCO Dec	5.8%	6.7%	6.7%	7.1%	7.8%	7.7%	7.6%	7.4%	7.1%	-
Peer median	10.1%	7.4%	10.0%	0.7%	7.8%	7.7%	9.2%	9.1%	8.8%	-

Free cash flow, FY2017 to FY2026

Cash from operations minus capital spending.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
AZO Aug	$1.0B	$1.6B	$1.6B	$2.3B	$2.9B	$2.5B	$2.1B	$1.9B	$1.8B	$1.8B
APTV Dec	$770.0M	$782.0M	$843.0M	$829.0M	$611.0M	$419.0M	$990.0M	$1.6B	$1.5B	-
RCL Dec	$2.3B	−$180.9M	$691.7M	−$5.7B	−$4.1B	−$2.2B	$580.0M	$2.0B	$1.2B	-
ORLY Dec	$937.7M	$1.2B	$1.1B	$2.4B	$2.8B	$2.6B	$2.0B	$2.0B	$1.6B	-
MGM Dec	$342.3M	$235.7M	$1.1B	−$1.8B	$882.7M	$991.4M	$1.8B	$1.2B	$1.5B	-
DASH Dec	-	−$172.0M	−$545.0M	$146.0M	$563.0M	$191.0M	$1.6B	$2.0B	$2.2B	-
EXPE Dec	$1.1B	$1.1B	$1.6B	−$4.6B	$3.1B	$2.8B	$1.8B	$2.3B	$3.1B	-
ROST Jan	$1.3B	$1.7B	$1.6B	$1.8B	$1.2B	$1.0B	$1.8B	$1.6B	$2.2B	-
PHM Dec	$631.0M	$1.4B	$1.0B	$1.7B	$931.2M	$555.8M	$2.1B	$1.6B	$1.7B	-
TSCO Dec	$381.0M	$415.9M	$594.3M	$1.1B	$510.3M	$583.6M	$580.1M	$636.8M	$740.5M	-
Peer median	$853.9M	$782.0M	$1.0B	$829.0M	$882.7M	$583.6M	$1.8B	$1.6B	$1.6B	-

FCF margin, FY2017 to FY2026

Free cash flow / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
AZO Aug	9.3%	13.9%	13.8%	17.9%	19.8%	15.6%	12.3%	10.4%	9.5%	8.9%
APTV Dec	6.0%	5.4%	5.9%	6.3%	3.9%	2.4%	4.9%	8.2%	7.5%	-
RCL Dec	26.3%	−1.9%	6.3%	−257.9%	−268.1%	−25.2%	4.2%	12.1%	6.9%	-
ORLY Dec	10.4%	12.8%	10.6%	20.4%	20.7%	17.9%	12.8%	12.1%	9.0%	-
MGM Dec	3.2%	2.0%	8.3%	−34.2%	9.1%	7.6%	10.9%	7.0%	8.3%	-
DASH Dec	-	−59.1%	−61.6%	5.1%	11.5%	2.9%	18.0%	18.9%	15.8%	-
EXPE Dec	11.3%	9.8%	13.3%	−89.1%	35.8%	23.8%	14.4%	17.0%	21.1%	-
ROST Jan	9.3%	11.0%	10.1%	14.7%	6.2%	5.5%	8.6%	7.7%	9.7%	-
PHM Dec	7.4%	13.6%	10.0%	15.6%	6.8%	3.5%	13.1%	8.7%	10.1%	-
TSCO Dec	5.3%	5.3%	7.1%	10.4%	4.0%	4.1%	4.0%	4.3%	4.8%	-
Peer median	8.3%	5.4%	8.3%	6.3%	6.8%	4.1%	10.9%	8.7%	9.0%	-

Return on equity, FY2017 to FY2026

Net income / shareholders' equity at the year end.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
AZO Aug	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
APTV Dec	41.1%	30.8%	25.9%	22.8%	7.1%	6.7%	25.4%	20.3%	1.8%	-
RCL Dec	15.2%	16.3%	15.4%	−66.2%	−103.4%	−75.1%	35.9%	38.0%	42.5%	-
ORLY Dec	173.6%	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	-
MGM Dec	25.8%	7.2%	26.5%	−15.9%	20.7%	30.5%	30.0%	24.7%	8.5%	-
DASH Dec	-	n/m	n/m	−9.8%	−10.0%	−20.2%	−8.2%	1.6%	9.3%	-
EXPE Dec	8.4%	9.9%	14.2%	−173.0%	0.6%	15.4%	52.0%	79.3%	100.8%	-
ROST Jan	44.7%	48.0%	49.4%	2.6%	42.4%	35.3%	38.5%	37.9%	34.7%	-
PHM Dec	10.8%	21.2%	18.6%	21.4%	26.0%	29.4%	25.1%	25.4%	17.1%	-
TSCO Dec	29.8%	34.1%	35.9%	38.9%	49.8%	53.3%	51.5%	48.5%	42.5%	-
Peer median	27.8%	21.2%	25.9%	−3.6%	13.9%	22.4%	32.9%	31.7%	25.9%	-

Debt / equity, FY2017 to FY2026

Total debt / shareholders' equity at the year end.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
AZO Aug	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
APTV Dec	1.26	1.34	1.25	0.53	0.49	0.75	0.55	1.02	0.83	-
RCL Dec	0.70	0.97	0.91	2.21	4.15	8.15	4.54	2.65	2.13	-
ORLY Dec	4.56	9.66	9.79	n/m	n/m	n/m	n/m	n/m	n/m	-
MGM Dec	1.70	2.32	1.45	1.90	2.10	1.80	1.66	2.10	2.56	-
DASH Dec	-	-	-	-	-	-	-	-	-	-
EXPE Dec	0.94	0.91	1.24	5.44	4.11	2.73	4.08	4.02	4.80	-
ROST Jan	0.13	0.09	0.09	0.76	0.60	0.57	0.51	0.40	0.25	-
PHM Dec	-	-	-	-	0.01	0.01	0.01	0.00	0.00	-
TSCO Dec	0.11	0.10	0.10	0.08	0.07	0.07	0.07	0.07	0.06	-
Peer median	0.94	0.97	1.24	1.33	0.60	0.75	0.55	1.02	0.83	-

EPS (diluted), FY2017 to FY2026

Diluted earnings per share, on today's share count after splits.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
AZO Aug	$44.07	$48.77	$63.43	$71.93	$95.19	$117.19	$132.36	$149.55	$144.87	$152.55
APTV Dec	$5.06	$4.02	$3.85	$6.66	$1.94	$1.96	$10.39	$6.96	$0.75	-
RCL Dec	$7.53	$8.56	$8.95	−$27.05	−$20.89	−$8.45	$6.31	$10.94	$15.61	-
ORLY Dec	$0.84	$1.07	$1.19	$1.57	$2.07	$2.23	$2.56	$2.71	$2.97	-
MGM Dec	$3.34	$0.81	$3.88	−$2.02	$2.41	$3.49	$3.19	$2.40	$0.76	-
DASH Dec	-	−$4.67	−$15.44	−$7.39	−$1.39	−$3.68	−$1.42	$0.29	$2.13	-
EXPE Dec	$2.42	$2.65	$3.77	−$19.00	−$1.80	$2.17	$5.31	$8.95	$9.81	-
ROST Jan	$3.55	$4.26	$4.60	$0.24	$4.87	$4.38	$5.56	$6.32	$6.61	-
PHM Dec	$1.44	$3.55	$3.66	$5.18	$7.43	$11.01	$11.72	$14.69	$11.12	-
TSCO Dec	$0.66	$0.86	$0.93	$1.28	$1.72	$1.94	$2.02	$2.04	$2.06	-
Peer median	$2.88	$2.65	$3.77	$0.24	$1.94	$2.17	$5.31	$6.32	$2.97	-

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out AZO and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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