AutoZone Financial Statements From 2010 to 2024

AZO Stock  USD 3,069  19.11  0.63%   
AutoZone financial statements provide useful quarterly and yearly information to potential AutoZone investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on AutoZone financial statements helps investors assess AutoZone's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting AutoZone's valuation are summarized below:
Gross Profit
9.1 B
Profit Margin
0.144
Market Capitalization
51.6 B
Enterprise Value Revenue
3.4407
Revenue
18.5 B
We have found one hundred twenty available fundamental signals for AutoZone, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to validate AutoZone's prevailing fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself down the road. As of the 21st of November 2024, Enterprise Value is likely to grow to about 8.3 B, while Market Cap is likely to drop about 6.3 B.

AutoZone Total Revenue

19.41 Billion

Check AutoZone financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AutoZone's main balance sheet or income statement drivers, such as Depreciation And Amortization of 577.2 M, Interest Expense of 486 M or Selling General Administrative of 6.8 B, as well as many indicators such as Price To Sales Ratio of 3.13, Dividend Yield of 0.0 or Days Sales Outstanding of 11.31. AutoZone financial statements analysis is a perfect complement when working with AutoZone Valuation or Volatility modules.
  
Check out the analysis of AutoZone Correlation against competitors.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.

AutoZone Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets18 B17.2 B10.8 B
Slightly volatile
Short and Long Term Debt Total13 B12.4 B6.6 B
Slightly volatile
Other Current Liabilities441.2 M488 M561.7 M
Very volatile
Total Current Liabilities9.1 B8.7 B5.7 B
Slightly volatile
Property Plant And Equipment Net9.7 B9.2 B5.3 B
Slightly volatile
Net Debt12.7 B12.1 B6.3 B
Slightly volatile
Accounts Payable7.7 B7.4 B4.8 B
Slightly volatile
Cash198.3 M298.2 M358.9 M
Slightly volatile
Non Current Assets Total10.4 B9.9 B5.8 B
Slightly volatile
Non Currrent Assets Other254.2 M242.1 M145.5 M
Slightly volatile
Cash And Short Term Investments198.3 M298.2 M358.9 M
Slightly volatile
Net Receivables572.9 M545.6 M320.6 M
Slightly volatile
Common Stock Shares Outstanding16.9 M17.8 M33.3 M
Slightly volatile
Liabilities And Stockholders Equity18 B17.2 B10.8 B
Slightly volatile
Non Current Liabilities Total13.9 B13.2 B7.3 B
Slightly volatile
Inventory6.5 B6.2 B4.1 B
Slightly volatile
Other Current Assets323.2 M307.8 M178.3 M
Slightly volatile
Total Liabilities23 B21.9 B13 B
Slightly volatile
Property Plant And Equipment Gross15.1 B14.4 B6.3 B
Slightly volatile
Total Current Assets7.7 B7.3 B4.9 B
Slightly volatile
Short Term Debt681.7 M649.3 M225 M
Slightly volatile
Intangible Assets1.6 M1.7 M43.9 M
Slightly volatile
Good Will334.6 M348 M315.3 M
Pretty Stable
Common Stock Total Equity177 K186.3 K350.2 K
Slightly volatile
Common Stock166.2 K175 K350 K
Slightly volatile
Other Liabilities1.5 B1.4 B799.3 M
Slightly volatile
Other Assets373.3 M355.5 M207 M
Slightly volatile
Long Term Debt9.5 BB5.4 B
Slightly volatile
Property Plant Equipment10.4 B9.9 B5.3 B
Slightly volatile
Short Term Investments32.6 M38.4 M34.3 M
Slightly volatile
Long Term Debt Total5.5 BB5.3 B
Slightly volatile
Capital Surpluse1.2 B1.7 B1.1 B
Slightly volatile
Non Current Liabilities Other617.5 M780.3 M564.8 M
Slightly volatile
Long Term Investments83 M81.6 M74.3 M
Slightly volatile
Deferred Long Term Asset Charges27 M30.4 M33.1 M
Slightly volatile
Short and Long Term Debt5.3 B5.8 B4.9 B
Slightly volatile
Capital Lease Obligations1.8 B3.3 B1.1 B
Slightly volatile
Net Invested Capital2.9 B4.3 B3.6 B
Pretty Stable
Cash And Equivalents302.7 M318.6 M435.5 M
Pretty Stable
Capital Stock179.1 K175 K244.7 K
Slightly volatile

AutoZone Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization577.2 M549.8 M345.1 M
Slightly volatile
Interest Expense486 M462.9 M213 M
Slightly volatile
Selling General Administrative6.8 B6.4 BB
Slightly volatile
Total Revenue19.4 B18.5 B12.1 B
Slightly volatile
Gross Profit10.3 B9.8 B6.4 B
Slightly volatile
Other Operating Expenses15.4 B14.7 B9.8 B
Slightly volatile
Operating IncomeB3.8 B2.3 B
Slightly volatile
EBITB3.8 B2.4 B
Slightly volatile
EBITDA4.6 B4.3 B2.7 B
Slightly volatile
Cost Of Revenue9.1 B8.7 B5.7 B
Slightly volatile
Total Operating Expenses6.3 BBB
Slightly volatile
Income Before Tax3.5 B3.3 B2.1 B
Slightly volatile
Net Income2.8 B2.7 B1.6 B
Slightly volatile
Income Tax Expense377.1 M674.7 M518.4 M
Pretty Stable
Net Income Applicable To Common Shares3.1 B2.9 B1.6 B
Slightly volatile
Net Income From Continuing Ops1.6 B2.9 B1.6 B
Slightly volatile
Tax Provision446.5 M575.3 M574.3 M
Slightly volatile
Interest Income369.9 M352.3 M159.2 M
Slightly volatile
Reconciled Depreciation437.3 M572.2 M382.1 M
Slightly volatile
Extraordinary Items7.5 M7.9 M105.8 M
Slightly volatile

AutoZone Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation111.6 M106.2 M53.3 M
Slightly volatile
Free Cash FlowB1.9 B1.5 B
Slightly volatile
Begin Period Cash Flow191.8 M277.1 M345.1 M
Slightly volatile
Depreciation577.2 M549.8 M345.1 M
Slightly volatile
Capital Expenditures1.1 B1.1 B571.8 M
Slightly volatile
Total Cash From Operating Activities3.2 BB2.1 B
Slightly volatile
Net Income2.8 B2.7 B1.6 B
Slightly volatile
Issuance Of Capital Stock158.3 M176.2 M119.6 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio3.132.97822.1987
Slightly volatile
Days Sales Outstanding11.3110.76979.0105
Slightly volatile
Free Cash Flow Yield0.03570.03510.058
Slightly volatile
Operating Cash Flow Per Share182174110
Slightly volatile
Average Payables3.4 B3.7 B4.1 B
Slightly volatile
Stock Based Compensation To Revenue0.0030.00570.0044
Slightly volatile
Capex To Depreciation2.651.95121.6507
Slightly volatile
EV To Sales3.813.63092.709
Slightly volatile
Free Cash Flow Per Share11711278.5981
Slightly volatile
ROIC0.70.66560.5832
Slightly volatile
Inventory Turnover2.01.40911.5008
Very volatile
Net Income Per Share16215488.0984
Slightly volatile
Days Of Inventory On Hand170259248
Very volatile
Payables Turnover2.331.17911.3909
Pretty Stable
Capex To Revenue0.06390.0580.0472
Slightly volatile
Cash Per Share18.0917.226412.3517
Slightly volatile
POCF Ratio16.1918.330912.9926
Slightly volatile
Interest Coverage14.58.184910.1804
Slightly volatile
Capex To Operating Cash Flow0.610.35710.3004
Slightly volatile
PFCF Ratio29.9428.511818.6388
Slightly volatile
Days Payables Outstanding167310284
Pretty Stable
Income Quality1.541.12831.4497
Slightly volatile
EV To Operating Cash Flow18.4822.348315.9295
Slightly volatile
PE Ratio21.6320.683518.0704
Very volatile
Return On Tangible Assets0.10.15780.1443
Pretty Stable
EV To Free Cash Flow36.534.760522.9631
Slightly volatile
Earnings Yield0.04630.04830.0572
Pretty Stable
Intangibles To Total Assets0.01670.01760.0311
Slightly volatile
Net Debt To EBITDA2.912.7762.3137
Slightly volatile
Current Ratio1.110.83850.8884
Pretty Stable
Receivables Turnover32.233.891353.3172
Slightly volatile
Graham NumberK975528
Slightly volatile
Capex Per Share65.0761.973331.3129
Slightly volatile
Revenue Per Share1.1 K1.1 K644
Slightly volatile
Interest Debt Per Share592564305
Slightly volatile
Debt To Assets0.30.54090.4941
Slightly volatile
Enterprise Value Over EBITDA12.7515.442812.0433
Slightly volatile
Short Term Coverage Ratios12.312.9513.854
Slightly volatile
Price Earnings Ratio21.6320.683518.0704
Very volatile
Operating Cycle174270257
Very volatile
Days Of Payables Outstanding167310284
Pretty Stable
Price To Operating Cash Flows Ratio16.1918.330912.9926
Slightly volatile
Price To Free Cash Flows Ratio29.9428.511818.6388
Slightly volatile
Pretax Profit Margin0.110.18050.1534
Slightly volatile
Ebt Per Ebit1.00.88080.8801
Slightly volatile
Operating Profit Margin0.130.20490.1747
Slightly volatile
Effective Tax Rate0.370.20220.2283
Pretty Stable
Long Term Debt To Capitalization2.222.11111.7867
Slightly volatile
Total Debt To Capitalization2.152.04581.7766
Slightly volatile
Return On Capital Employed0.330.44770.4359
Very volatile
Ebit Per Revenue0.130.20490.1747
Slightly volatile
Quick Ratio0.170.13210.1259
Slightly volatile
Dividend Paid And Capex Coverage Ratio2.482.80053.5724
Pretty Stable
Net Income Per E B T0.530.79780.765
Very volatile
Cash Ratio0.06470.03420.037
Slightly volatile
Operating Cash Flow Sales Ratio0.10.16250.1636
Very volatile
Days Of Inventory Outstanding170259248
Very volatile
Days Of Sales Outstanding11.3110.76979.0105
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.360.64290.6976
Slightly volatile
Cash Flow Coverage Ratios0.310.32330.3829
Slightly volatile
Fixed Asset Turnover3.292.00082.4824
Slightly volatile
Capital Expenditure Coverage Ratio2.482.80053.5724
Pretty Stable
Price Cash Flow Ratio16.1918.330912.9926
Slightly volatile
Enterprise Value Multiple12.7515.442812.0433
Slightly volatile
Debt Ratio0.30.54090.4941
Slightly volatile
Cash Flow To Debt Ratio0.310.32330.3829
Slightly volatile
Price Sales Ratio3.132.97822.1987
Slightly volatile
Return On Assets0.10.1550.1403
Slightly volatile
Asset Turnover1.511.07651.2018
Slightly volatile
Net Profit Margin0.07720.1440.1203
Slightly volatile
Gross Profit Margin0.380.53090.5091
Pretty Stable

AutoZone Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap6.3 B6.8 B15 B
Slightly volatile
Enterprise Value8.3 B7.9 B8.4 B
Slightly volatile

AutoZone Fundamental Market Drivers

Forward Price Earnings19.2678
Cash And Short Term Investments298.2 M

AutoZone Upcoming Events

27th of February 2024
Upcoming Quarterly Report
View
28th of May 2024
Next Financial Report
View
29th of February 2024
Next Fiscal Quarter End
View
17th of September 2024
Next Fiscal Year End
View
30th of November 2023
Last Quarter Report
View
31st of August 2023
Last Financial Announcement
View

About AutoZone Financial Statements

AutoZone investors utilize fundamental indicators, such as revenue or net income, to predict how AutoZone Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue-971.9 M-923.3 M
Total Revenue18.5 B19.4 B
Cost Of Revenue8.7 B9.1 B
Capex To Revenue 0.06  0.06 
Revenue Per Share1.1 K1.1 K
Ebit Per Revenue 0.20  0.13 

Pair Trading with AutoZone

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AutoZone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AutoZone will appreciate offsetting losses from the drop in the long position's value.

Moving against AutoZone Stock

The ability to find closely correlated positions to AutoZone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoZone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AutoZone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AutoZone to buy it.
The correlation of AutoZone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AutoZone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoZone moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AutoZone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether AutoZone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoZone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autozone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autozone Stock:
Check out the analysis of AutoZone Correlation against competitors.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Automotive Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoZone. If investors know AutoZone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoZone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.117
Earnings Share
149.43
Revenue Per Share
1.1 K
Quarterly Revenue Growth
0.09
Return On Assets
0.1428
The market value of AutoZone is measured differently than its book value, which is the value of AutoZone that is recorded on the company's balance sheet. Investors also form their own opinion of AutoZone's value that differs from its market value or its book value, called intrinsic value, which is AutoZone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoZone's market value can be influenced by many factors that don't directly affect AutoZone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AutoZone's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoZone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoZone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.