AutoZone, Inc.AZO
NYSE•Consumer Cyclical•Auto Parts
AutoZone, Inc. operates as a retailer and distributor of automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company offers a product line for cars, sport utility vehicles, vans, and light duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. It also provides A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs. In addition, the company provides maintenance products, such as antifreeze and windshield washer fluids; brake drums, rotors, shoes, and pads; brake and power steering fluids, and oil and fuel additives; oil and transmission fluids; oil, cabin, air, fuel, and transmission filters; oxygen sensors; paints and accessories; refrigerants and accessories; shock absorbers and struts; spark plugs and wires; and windshield wipers. Further, it offers air fresheners, cell phone accessories, drinks and snacks, floor mats and seat covers, interior and exterior accessories, mirrors, performance products, protectants and cleaners, sealants and adhesives, steering wheel covers, tools, vehicle entertainment systems, and wash and wax products, as well as towing services. Additionally, the company provides a sales program that offers commercial credit and delivery of parts and other products; sells automotive diagnostic, repair, collision, and shop management information software under the ALLDATA brand through alldata.com; Duralast branded products through duralastparts.com; and automotive hard parts, maintenance items, accessories, and non-automotive products through autozone.com. AutoZone, Inc. was founded in 1979 and is headquartered in Memphis, Tennessee.
AutoZone, Inc. (AZO) reported trailing twelve months revenue of $19.99B as of May 2026, a 5.7% increase year-over-year. Quarterly revenue reached $4.84B, reflecting continued top-line momentum.
AutoZone, Inc. generated $2.48B in TTM net income, with quarterly EBITDA of $1.08B. The operating margin contracted from 19.4% to 19.1%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (19.1%) and net margin (13.3%) indicates moderate non-operating costs. Net margin has narrowed from 13.6% a year ago, reflecting increased costs or interest expense.
AZO trades at a P/E of 20.7x (in line with broad market averages) and a P/S of 2.6x.
The company generated $456.48M in free cash flow over the trailing twelve months, a 7.9% increase year-over-year, indicating cash generation ability. The balance sheet shows $20.92B in total assets with $9.02B in long-term debt against $-2.78B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~18.7% on average, but show some variability — pricing power may be sensitive to market conditions.
Limited ROE data for a reliable assessment.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~8.1% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 8.1% — watch for continued compression, which may signal competitive or cost pressure.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 2.8% — net buybacks are reducing shares outstanding and boosting per-share value.