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Advance Auto Parts, Inc. (AAP) 10-Year Financial Performance & Capital Metrics

AAP •
Consumer CyclicalSpecialty RetailAutomotive Retail and Parts
AboutAdvance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts. It also offers air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluids; electrical wires and fuses; electronics; floor mats, seat covers, and interior accessories; hand and specialty tools; lighting products; performance parts; sealants, adhesives and compounds; tire repair accessories; vent shades, mirrors and exterior accessories; washes, waxes and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oils; oil filters, part cleaners and treatments; and transmission fluids for engine maintenance. Further, it offers battery and wiper installation; engine light scanning and checking; electrical system testing; video clinic; oil and battery recycling; and loaner tool program services. Additionally, the company sells its products through its website. It serves professional installers and do-it-yourself customers. The company operates stores under the Advance Auto Parts, Autopart International, and Carquest brands, as well as branches under the Worldpac name. As of April 23, 2022, it operated 4,687 stores and 311 branches in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada; and served 1,318 independently owned Carquest branded stores in Mexico, Grand Cayman, the Bahamas, Turks and Caicos, and the British Virgin Islands. The company was founded in 1929 and is based in Raleigh, North Carolina.Show more
  • Revenue $8.6B -5.4%
  • EBITDA $433M +202.8%
  • Net Income $44M +113.1%
  • EPS (Diluted) 0.73 +113.0%
  • Gross Margin 43.73% +16.7%
  • EBITDA Margin 5.03% +208.7%
  • Operating Margin 1.87% +123.9%
  • Net Margin 0.51% +113.9%
  • ROE 2.01% +114.1%
  • ROIC 2.91% +126.8%
  • Debt/Equity 2.38 +39.9%
  • Interest Coverage 1.16 +113.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading at only 1.5x book value

✗Weaknesses

  • ✗High debt to equity ratio of 2.4x
  • ✗Profits declining 38.3% over 5 years
  • ✗Negative free cash flow
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Thin 5Y average net margin of 1.5%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.23%
5Y-3.17%
3Y-2.04%
TTM-5.77%

Profit (Net Income) CAGR

10Y-21.15%
5Y-38.32%
3Y-54.41%
TTM113.1%

EPS CAGR

10Y-19.52%
5Y-36.62%
3Y-54.3%
TTM113.02%

ROCE

10Y Avg7.49%
5Y Avg2.28%
3Y Avg-2.66%
Latest2.34%

Peer Comparison

Automotive Retail and Parts
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GPCGenuine Parts Company16.59B119.26253.743.46%0.27%1.49%2.54%1.86
AAPAdvance Auto Parts, Inc.3.19B53.1772.84-5.42%0.51%2%2.38
CVNACarvana Co.25.44B334.1639.5548.63%3.44%21.31%3.5%0.15
PRTSCarParts.com, Inc.49.24M0.71-1-12.86%-9.69%-84.63%0.49
HZOMarineMax, Inc.667M30.50-21.33-5.01%-1.37%-3.33%1.79%1.31

Compare AAP vs Peers

Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.

vs CVNA

Compare head-to-head with Carvana Co.

vs GPC

Compare head-to-head with Genuine Parts Company

Compare Top 5

vs CVNA, GPC, HZO, PRTS

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Jan 2026
Sales/Revenue+9.57B9.37B9.58B9.71B10.11B11B9.15B9.21B9.09B8.6B
Revenue Growth %-1.74%-2.03%2.21%1.34%4.09%8.82%-16.81%0.66%-1.25%-5.42%
Cost of Goods Sold+5.31B5.29B5.36B5.45B5.62B6.07B4.92B5.35B5.69B4.84B
COGS % of Revenue55.52%56.42%55.96%56.18%55.66%55.23%53.73%58.08%62.52%56.27%
Gross Profit+4.26B4.09B4.22B4.25B4.48B4.92B4.23B3.86B3.41B3.76B
Gross Margin %44.48%43.58%44.04%43.82%44.34%44.77%46.27%41.92%37.48%43.73%
Gross Profit Growth %-3.77%-4.01%3.29%0.84%5.33%9.87%-14.04%-8.81%-11.7%10.34%
Operating Expenses+3.47B3.51B3.62B3.58B3.73B4.1B3.71B3.82B4.12B3.6B
OpEx % of Revenue36.25%37.5%37.73%36.85%36.92%37.29%40.53%41.49%45.32%41.86%
Selling, General & Admin3.47B3.51B3.62B3.58B3.73B4.1B3.71B3.82B3.81B3.57B
SG&A % of Revenue36.25%37.5%37.73%36.85%36.92%37.29%40.53%41.49%41.93%41.53%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses00000000308.9M28M
Operating Income+787.6M570.21M604.27M677.18M749.91M822.37M524.62M38.89M-713.31M161M
Operating Margin %8.23%6.08%6.31%6.97%7.42%7.48%5.73%0.42%-7.84%1.87%
Operating Income Growth %-4.62%-27.6%5.97%12.06%10.74%9.66%-36.21%-92.59%-1934.3%122.57%
EBITDA+1.05B819.47M842.46M915.55M999.99M1.08B772.95M308.32M-421.33M433M
EBITDA Margin %10.93%8.74%8.79%9.43%9.89%9.84%8.45%3.35%-4.63%5.03%
EBITDA Growth %-4.5%-21.66%2.81%8.68%9.22%8.23%-28.58%-60.11%-236.65%202.77%
D&A (Non-Cash Add-back)258.39M249.26M238.18M238.37M250.08M259.93M248.33M269.43M291.98M272M
EBIT798.75M579.06M611.85M677.64M697.9M820.28M511.03M40.81M-687.07M161M
Net Interest Income+-59.91M-58.8M-56.59M-39.9M-46.89M-37.79M-50.84M-87.99M-81.03M-139M
Interest Income0000000000
Interest Expense59.91M58.8M56.59M39.9M46.89M37.79M50.84M87.99M81.03M139M
Other Income/Expense-48.76M-49.95M-49.01M-39.43M-98.89M-39.87M-64.42M-86.06M-54.79M-252M
Pretax Income+738.84M520.26M555.26M637.75M651.01M782.49M460.19M-47.18M-768.1M-91M
Pretax Margin %7.72%5.55%5.8%6.57%6.44%7.11%5.03%-0.51%-8.45%-1.06%
Income Tax+279.21M44.75M131.42M150.85M157.99M185.88M99.66M-17.15M-181.14M-159M
Effective Tax Rate %62.21%91.4%76.33%76.35%75.73%76.25%100.91%-63.03%43.72%-48.35%
Net Income+459.62M475.5M423.85M486.9M493.02M596.62M464.4M29.73M-335.79M44M
Net Margin %4.8%5.07%4.42%5.01%4.88%5.42%5.08%0.32%-3.69%0.51%
Net Income Growth %-2.91%3.46%-10.86%14.88%1.26%21.01%-22.16%-93.6%-1229.27%113.1%
Net Income (Continuing)459.62M475.5M423.85M486.9M493.02M596.62M360.54M-30.02M-586.96M68M
Discontinued Operations000000103.87M59.76M251.17M-24M
Minority Interest0000000000
EPS (Diluted)+6.206.425.736.847.149.557.650.50-5.630.73
EPS Growth %-3.13%3.55%-10.75%19.37%4.39%33.75%-19.9%-93.46%-1226%112.97%
EPS (Basic)6.226.445.756.877.179.627.700.50-5.630.73
Diluted Shares Outstanding73.86M74.11M73.99M71.17M69M64.51M60.72M59.61M59.65M60.6M
Basic Shares Outstanding73.56M73.85M73.73M70.87M68.75M64.03M60.35M59.43M59.65M59.9M
Dividend Payout Ratio3.86%3.75%4.2%3.53%11.43%26.97%72.4%703.86%-136.36%

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Jan 2026
Total Current Assets+5.17B5.43B6.08B5.7B6.27B6.28B6.01B6.38B6.14B7.29B
Cash & Short-Term Investments135.18M546.94M896.53M418.67M834.99M601.43M270.81M503.47M1.87B3.12B
Cash Only135.18M546.94M896.53M418.67M834.99M601.43M270.81M503.47M1.87B3.12B
Short-Term Investments0000000000
Accounts Receivable641.25M606.36M624.97M689.47M750M782.78M684.05M800.14M544.04M380M
Days Sales Outstanding24.4623.6123.8125.9227.0925.9827.2931.7121.8416.13
Inventory4.33B4.17B4.36B4.43B4.54B4.66B4.9B4.86B3.61B3.65B
Days Inventory Outstanding297.25287.69297.01296.6294.49279.97363.53331.48231.88274.96
Other Current Assets70.47M105.11M198.41M155.24M146.81M232.25M163.69M215.71M118M141M
Total Non-Current Assets+3.14B3.06B2.96B5.55B5.57B5.92B5.97B5.9B4.65B4.54B
Property, Plant & Equipment1.45B1.39B1.37B3.8B3.84B4.2B4.3B4.23B3.58B3.43B
Fixed Asset Turnover6.62x6.72x7.00x2.56x2.63x2.62x2.13x2.18x2.54x2.51x
Goodwill990.88M994.29M990.24M992.24M993.59M993.74M990.47M991.74M598.22M600M
Intangible Assets640.9M597.67M550.59M709.76M681.13M651.22M620.9M593.34M405.75M400M
Long-Term Investments0000000000
Other Non-Current Assets64.15M69.3M48.38M52.45M52.33M73.65M62.43M86.9M73.66M110M
Total Assets+8.32B8.48B9.04B11.25B11.84B12.19B11.99B12.28B10.8B11.83B
Asset Turnover1.15x1.11x1.06x0.86x0.85x0.90x0.76x0.75x0.84x0.73x
Asset Growth %2.3%2.01%6.58%24.42%5.25%2.99%-1.7%2.42%-12.04%9.52%
Total Current Liabilities+3.68B3.48B3.89B4.48B4.74B5.18B5.42B5.31B4.67B4.18B
Accounts Payable3.09B2.89B3.17B3.42B3.64B3.92B4.18B3.53B3.41B2.98B
Days Payables Outstanding212.07199.77216.01229236.25235.68310.27240.61218.77224.51
Short-Term Debt306K00000185M00435M
Deferred Revenue (Current)0000000000
Other Current Liabilities370.21M166.45M206.26M621.52M560.46M534.67M499.82M1.24B544.75M484M
Current Ratio1.41x1.56x1.57x1.27x1.32x1.21x1.11x1.20x1.32x1.75x
Quick Ratio0.23x0.36x0.44x0.28x0.37x0.31x0.21x0.29x0.54x0.87x
Cash Conversion Cycle109.65111.53104.8193.5285.3370.2780.55122.5834.9466.58
Total Non-Current Liabilities+1.72B1.59B1.6B3.22B3.54B3.89B3.97B4.45B3.96B5.45B
Long-Term Debt1.04B1.04B1.05B747.32M1.03B1.03B1.19B1.79B1.79B5.22B
Capital Lease Obligations0002.02B2.01B2.34B2.28B2.04B1.9B1.81B
Deferred Tax Liabilities454.28M303.62M318.35M334.01M342.44M410.61M410.75M355.63M192.67M142M
Other Non-Current Liabilities225.56M239.06M239.81M123.25M146.28M103.03M89.05M267.29M83.81M-1.73B
Total Liabilities5.4B5.07B5.49B7.7B8.28B9.07B9.39B9.76B8.63B9.63B
Total Debt+1.04B1.04B1.05B2.76B3.05B3.37B3.65B3.83B3.69B5.22B
Net Debt908.08M497.39M149.19M2.35B2.21B2.77B3.38B3.34B1.82B2.1B
Debt / Equity0.36x0.31x0.29x0.78x0.86x1.08x1.40x1.52x1.70x2.38x
Debt / EBITDA1.00x1.27x1.24x3.02x3.05x3.12x4.72x12.41x-12.06x
Net Debt / EBITDA0.87x0.61x0.18x2.56x2.21x2.56x4.37x10.83x-4.85x
Interest Coverage13.15x9.70x10.68x16.97x15.99x21.76x10.32x0.44x-8.80x1.16x
Total Equity+2.92B3.42B3.55B3.55B3.56B3.13B2.6B2.52B2.17B2.2B
Equity Growth %18.51%17.11%3.97%-0.05%0.29%-12.11%-16.91%-3.06%-13.88%1.29%
Book Value per Share39.4846.0847.9949.8751.5848.4942.8142.2736.3836.27
Total Shareholders' Equity2.92B3.42B3.55B3.55B3.56B3.13B2.6B2.52B2.17B2.2B
Common Stock8K8K8K8K8K8K8K8K8K1.03B
Retained Earnings2.46B2.92B3.33B3.77B4.2B4.61B4.67B4.56B4.16B4.15B
Treasury Stock-138.1M-144.6M-425.95M-924.39M-1.39B-2.3B-2.92B-2.93B-2.94B-2.94B
Accumulated OCI-39.7M-24.95M-44.19M-34.57M-26.76M-22.63M-44.7M-52.23M-47.15M-37M
Minority Interest0000000000

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Jan 2026
Cash from Operations+523.3M600.8M811.03M866.91M969.69M1.11B736.57M287.38M84.63M-46M
Operating CF Margin %5.47%6.41%8.47%8.93%9.59%10.07%8.05%3.12%0.93%-0.53%
Operating CF Growth %-25.52%14.81%34.99%6.89%11.86%14.16%-33.46%-60.98%-70.55%-154.35%
Net Income459.62M475.5M423.85M486.9M493.02M596.62M360.54M-30.02M-586.96M68M
Depreciation & Amortization258.39M249.26M238.18M238.37M250.08M259.93M248.33M269.43M291.98M272M
Stock-Based Compensation20.45M35.27M27.76M37.44M45.27M63.07M46.48M40.91M42.19M36M
Deferred Taxes20.21M-151.26M15.96M23.15M8.14M58.79M22.81M-37.17M-203.28M-43M
Other Non-Cash Items3.96M20.23M18.15M19.11M54.22M964K126.27M149.71M140.23M103M
Working Capital Changes-239.33M-28.19M87.13M61.95M118.96M127.66M-67.86M-105.47M400.46M-482M
Change in Receivables-41.64M36.05M-21.47M-62.84M-59.01M-7.46M27.42M-114.75M28.95M138M
Change in Inventory-144.6M167.55M-206.13M-63.13M-101.45M-124.14M-70.97M-64.15M270.4M-21M
Change in Payables-119.33M-197.17M285.49M245.78M216.49M291.04M119.33M57.52M-110.11M-469M
Cash from Investing+-262.04M-178.64M-191.83M-462.94M-266.9M-287.31M-424.45M-235.49M1.35B-239M
Capital Expenditures-259.56M-189.76M-193.72M-270.13M-267.58M-289.64M-398.76M-225.67M-180.8M-252M
CapEx % of Revenue2.71%2.02%2.02%2.78%2.65%2.63%4.36%2.45%1.99%2.93%
Acquisitions-4.7M000000000
Investments----------
Other Investing2.21M11.12M1.89M-192.81M679K2.33M-25.69M-9.82M1.54B13M
Cash from Financing+-217.12M-14.87M-263.92M-882.15M-286M-1.06B-620.7M189.27M-75.01M1.54B
Debt Issued (Net)-165.57M14M32.01M-369.39M244.52M0332.54M414.57M01.6B
Equity Issued (Net)-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K0
Dividends Paid-17.74M-17.85M-17.82M-17.18M-56.35M-160.93M-336.23M-209.29M-59.85M-60M
Share Repurchases-18.39M-6.5M-281.35M-498.44M-469.69M-906.21M-618.48M-14.52M-6.5M0
Other Financing2.48M-8.6M44K-481K-7.75M3.02M1.47M-1.49M-8.65M-5M
Net Change in Cash44.4M411.76M349.59M-477.86M416.33M-238.93M-317.25M232.67M1.37B1.25B
Free Cash Flow+263.74M411.05M617.31M395.26M701.88M817.38M335.91M61.7M-96.17M-298M
FCF Margin %2.76%4.39%6.44%4.07%6.94%7.43%3.67%0.67%-1.06%-3.46%
FCF Growth %-43.63%55.85%50.18%-35.97%77.57%16.46%-58.9%-81.63%-255.85%-209.88%
FCF per Share3.575.558.345.5510.1712.675.531.04-1.61-4.92
FCF Conversion (FCF/Net Income)1.14x1.26x1.91x1.78x1.97x1.86x1.59x9.66x-0.25x-1.05x
Interest Paid55.46M53.51M45.32M41.1M34.01M36.37M46.16M73.84M75.74M0
Taxes Paid225.33M192.12M143.21M108.16M146.07M177.32M94.61M98.79M37.04M0

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)17.1%15.02%12.17%13.72%13.87%17.84%16.22%1.16%-14.32%2.01%
Return on Invested Capital (ROIC)15.96%11.06%11.91%10.59%9.64%10.57%6.62%0.49%-10.89%2.91%
Gross Margin44.48%43.58%44.04%43.82%44.34%44.77%46.27%41.92%37.48%43.73%
Net Margin4.8%5.07%4.42%5.01%4.88%5.42%5.08%0.32%-3.69%0.51%
Debt / Equity0.36x0.31x0.29x0.78x0.86x1.08x1.40x1.52x1.70x2.38x
Interest Coverage13.15x9.70x10.68x16.97x15.99x21.76x10.32x0.44x-8.80x1.16x
FCF Conversion1.14x1.26x1.91x1.78x1.97x1.86x1.59x9.66x-0.25x-1.05x
Revenue Growth-1.74%-2.03%2.21%1.34%4.09%8.82%-16.81%0.66%-1.25%-5.42%

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