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Operates a large chain of auto-parts retail stores selling to DIY consumers and commercial repair shops.
Operates a large chain of auto-parts retail stores selling to DIY consumers and commercial repair shops.
Sells parts to do-it-yourself owners and delivers to professional repair shops from hub stores that stock deep inventories. Duralast private-label parts earn better profit than third-party brands. The professional side is its growth push, and stores in Mexico and Brazil extend it beyond the US.
Moat: narrow (scale, distribution, brand). Extensive store/hub network and strong private-label parts brand give scale and delivery-speed advantages.
Headquarters: Memphis, Tennessee, United States · Founded: 1979 · Employees: 132,000
Size AutoZone (AZO) is a United States Consumer Discretionary company (Specialty Stores) with a market value of $51.8B, the 245th largest of 3,117 United States companies the cockpit tracks. Shares closed at $3,216 on 6 Nov 2026.
Performance Over six months the shares fell 8.0%, against +19.6% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 10 in its peer set.
Growth Revenue grew 7.4% over the last twelve months (peer median +8.7%); the operating margin is 17.8% (peer median 8.6%).
Valuation It trades at 19.0× forward earnings against a peer median of 22.4× (4th cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 21.3 points above its cost of capital (6.5% WACC).
Credit AutoZone has 14 bonds outstanding ($8.10B), rated BBB by the agencies and trading like BBB+ at a weighted spread of 74 bp.
Short interest Short interest is 3.5% of the free float (15 Oct 2026).
Next results Next results expected around 8 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $20.3B | $20.3B | $18.9B | $18.5B | $17.5B |
| Revenue growth | — | +7% | +2% | +6% | — |
| Gross profit | $10.4B | $9.95B | $9.97B | $9.82B | $9.07B |
| EBITDA | $4.31B | $4.31B | $4.22B | $4.34B | $3.97B |
| Net income | $2.57B | $2.57B | $2.50B | $2.66B | $2.53B |
| Free cash flow | $1.82B | $1.82B | $1.79B | $1.93B | $2.14B |
| Capital expenditure | $1.43B | $1.43B | $1.33B | $1.07B | $797M |
| Total debt | $13.2B | $13.2B | $12.6B | $12.7B | $11.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| AutoZone AZO | $51.8B | -8% | +7% | 18% | 19.0× | -2.8% |
| O’Reilly Automotive ORLY | $72.3B | -3% | +9% | 20% | 25.2× | 4.1% |
| Advance Auto Parts AAP | $2.75B | -19% | -1% | 4% | 19.2× | 5.6% |
| Genuine Parts GPC | $16.9B | +19% | +5% | 5% | 15.5× | 7.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AZO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.5% | +7.9% | 3rd highest of 10 |
| 6-month return | -8.0% | +19.6% | lowest of 10 |
| Distance from 52-week high | -19.5% | -12.3% | 3rd lowest of 10 |
| Revenue growth (TTM) | +7.4% | +8.7% | 4th lowest of 10 |
| Operating margin | 17.8% | 8.6% | 3rd highest of 10 |
| Forward P/E | 19.0× | 22.4× | 4th cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -2.8% | 7.1% | least demanding of 10 |
| Growth delivered (Del g) | +6.8% | +8.9% | 3rd lowest of 10 |
| Hurdle (Req g minus delivered) | -9.7 pp | -3.8 pp | 2nd least demanding of 10 |
| ROIC minus cost of capital | +21.3 pp | +6.7 pp | 3rd highest of 9 |
| EV / EBITDA | 15.0× | 15.3× | 4th cheapest of 8 |
| Net debt / EBITDA | 3.0× | 2.3× | 4th most indebted of 10 |
| Bond spread | 74 bp | 113 bp | tightest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AutoZone AZO | United States | $51.8B | -8% | +7% | 18% | 19.0× | -2.8% | +6.8% |
| Alimentation Couche-Tard ATD.TO | Canada | $54.5B | +5% | +12% | 6% | 18.3× | 1.3% | +12.0% |
| O’Reilly Automotive ORLY | United States | $72.3B | -3% | +9% | 20% | 25.2× | 4.1% | +8.9% |
| Carvana CVNA | United States | $81.2B | -6% | +50% | 9% | 35.9× | 43.6% | +29.5% |
| Williams-Sonoma WSM | United States | $29.9B | +40% | +2% | 19% | 25.6× | 15.4% | +2.9% |
| Ulta Beauty ULTA | United States | $27.6B | +24% | +11% | 13% | 21.1× | 7.1% | +15.0% |
| Tractor Supply TSCO | United States | $18.9B | +20% | +4% | 9% | 18.0× | 4.1% | +7.9% |
| Wayfair W | United States | $15.3B | +69% | +8% | 2% | 29.6× | 47.7% | -2.5% |
| Penske Automotive PAG | United States | $13.9B | +22% | +6% | 3% | 15.2× | 12.6% | +9.2% |
| BJ's Wholesale Club BJ | United States | $13.8B | +18% | +9% | 4% | 22.4× | -0.7% | +6.8% |
AutoZone has 14 bonds outstanding with $8.10B face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 5.33%, a spread of 74 bp over government bonds.