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

AAP • • Industrial / General

Consumer CyclicalSpecialty RetailAutomotive Parts & ServicesAuto Parts Retailers

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 $9.09B -1.2%
EBITDA -$421M -236.7%
Net Income -$336M -1229.3%
EPS (Diluted) -5.63 -1226.0%
Gross Margin 37.48% -10.6%
EBITDA Margin -4.63% -238.4%
Operating Margin -7.84% -1957.3%
Net Margin -3.69% -1243.5%
ROE -14.32% -1332.6%
ROIC -10.89% -2306.2%
Debt/Equity 1.70 +11.9%
Interest Coverage -8.80 -2091.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 2.3%
✓Trading at only 1.2x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.0%
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.79%

5Y-1.3%

3Y-6.14%

TTM-10.15%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-2139.28%

EPS CAGR

10Y-

5Y-

3Y-

TTM-963.93%

ROCE

10Y Avg9.17%

5Y Avg3.98%

3Y Avg-0.86%

Latest-10.89%

Peer Comparison

Auto Parts Retailers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CVNACarvana Co.	54.32B	464.52	292.15	26.94%	3.44%	21.31%	1.52%	4.40
GPCGenuine Parts Company	17.97B	129.21	19.97	1.71%	3.36%	16.83%	3.8%	1.32
CHPTChargePoint Holdings, Inc.	166.52M	7.04	-0.55	-17.68%	-58.09%	-6.11%		2.27
PRTSCarParts.com, Inc.	35.57M	0.54	-0.76	-12.86%	-9.69%	-84.63%		0.49
EVGOEVgo, Inc.	417.71M	3.09	-7.54	59.57%	-14.76%	-12.63%		0.20
AAPAdvance Auto Parts, Inc.	2.58B	42.99	-7.64	-1.25%	-4.39%	-17.17%		1.70

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.74B	9.57B	9.37B	9.58B	9.71B	10.11B	11B	9.15B	9.21B	9.09B
Revenue Growth %	-0.01%	-0.02%	-0.02%	0.02%	0.01%	0.04%	0.09%	-0.17%	0.01%	-0.01%
Cost of Goods Sold+	5.31B	5.31B	5.29B	5.36B	5.45B	5.62B	6.07B	4.92B	5.35B	5.69B
COGS % of Revenue	0.55%	0.56%	0.56%	0.56%	0.56%	0.56%	0.55%	0.54%	0.58%	0.63%
Gross Profit+	4.42B	4.26B	4.09B	4.22B	4.25B	4.48B	4.92B	4.23B	3.86B	3.41B
Gross Margin %	0.45%	0.44%	0.44%	0.44%	0.44%	0.44%	0.45%	0.46%	0.42%	0.37%
Gross Profit Growth %	-0.01%	-0.04%	-0.04%	0.03%	0.01%	0.05%	0.1%	-0.14%	-0.09%	-0.12%
Operating Expenses+	3.6B	3.47B	3.51B	3.62B	3.58B	3.73B	4.1B	3.71B	3.82B	4.12B
OpEx % of Revenue	0.37%	0.36%	0.37%	0.38%	0.37%	0.37%	0.37%	0.41%	0.41%	0.45%
Selling, General & Admin	3.6B	3.47B	3.51B	3.62B	3.58B	3.73B	4.1B	3.71B	3.82B	3.81B
SG&A % of Revenue	0.37%	0.36%	0.37%	0.38%	0.37%	0.37%	0.37%	0.41%	0.41%	0.42%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	308.9M
Operating Income+	825.78M	787.6M	570.21M	604.27M	677.18M	749.91M	822.37M	524.62M	38.89M	-713.31M
Operating Margin %	0.08%	0.08%	0.06%	0.06%	0.07%	0.07%	0.07%	0.06%	0%	-0.08%
Operating Income Growth %	-0.03%	-0.05%	-0.28%	0.06%	0.12%	0.11%	0.1%	-0.36%	-0.93%	-19.34%
EBITDA+	1.1B	1.05B	819.47M	842.46M	915.55M	999.99M	1.08B	772.95M	308.32M	-421.33M
EBITDA Margin %	0.11%	0.11%	0.09%	0.09%	0.09%	0.1%	0.1%	0.08%	0.03%	-0.05%
EBITDA Growth %	-0.04%	-0.04%	-0.22%	0.03%	0.09%	0.09%	0.08%	-0.29%	-0.6%	-2.37%
D&A (Non-Cash Add-back)	269.48M	258.39M	249.26M	238.18M	238.37M	250.08M	259.93M	248.33M	269.43M	291.98M
EBIT	818.3M	798.75M	579.06M	611.85M	677.64M	697.9M	820.28M	511.03M	40.81M	-687.07M
Net Interest Income+	-65.41M	-59.91M	-58.8M	-56.59M	-39.9M	-46.89M	-37.79M	-50.84M	-87.99M	-81.03M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	65.41M	59.91M	58.8M	56.59M	39.9M	46.89M	37.79M	50.84M	87.99M	81.03M
Other Income/Expense	-72.89M	-48.76M	-49.95M	-49.01M	-39.43M	-98.89M	-39.87M	-64.42M	-86.06M	-54.79M
Pretax Income+	752.89M	738.84M	520.26M	555.26M	637.75M	651.01M	782.49M	460.19M	-47.18M	-768.1M
Pretax Margin %	0.08%	0.08%	0.06%	0.06%	0.07%	0.06%	0.07%	0.05%	-0.01%	-0.08%
Income Tax+	279.49M	279.21M	44.75M	131.42M	150.85M	157.99M	185.88M	99.66M	-17.15M	-181.14M
Effective Tax Rate %	0.63%	0.62%	0.91%	0.76%	0.76%	0.76%	0.76%	1.01%	-0.63%	0.44%
Net Income+	473.4M	459.62M	475.5M	423.85M	486.9M	493.02M	596.62M	464.4M	29.73M	-335.79M
Net Margin %	0.05%	0.05%	0.05%	0.04%	0.05%	0.05%	0.05%	0.05%	0%	-0.04%
Net Income Growth %	-0.04%	-0.03%	0.03%	-0.11%	0.15%	0.01%	0.21%	-0.22%	-0.94%	-12.29%
Net Income (Continuing)	473.4M	459.62M	475.5M	423.85M	486.9M	493.02M	596.62M	360.54M	-30.02M	-586.96M
Discontinued Operations	0	0	0	0	0	0	0	103.87M	59.76M	251.17M
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	6.40	6.20	6.42	5.73	6.84	7.14	9.55	7.65	0.50	-5.63
EPS Growth %	-0.05%	-0.03%	0.04%	-0.11%	0.19%	0.04%	0.34%	-0.2%	-0.93%	-12.26%
EPS (Basic)	6.45	6.22	6.44	5.75	6.87	7.17	9.62	7.70	0.50	-5.63
Diluted Shares Outstanding	73.73M	73.86M	74.11M	73.99M	71.17M	69M	64.51M	60.72M	59.61M	59.65M
Basic Shares Outstanding	73.19M	73.56M	73.85M	73.73M	70.87M	68.75M	64.03M	60.35M	59.43M	59.65M
Dividend Payout Ratio	0.04%	0.04%	0.04%	0.04%	0.04%	0.11%	0.27%	0.72%	7.04%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.94B	5.17B	5.43B	6.08B	5.7B	6.27B	6.28B	6.01B	6.38B	6.14B
Cash & Short-Term Investments	90.78M	135.18M	546.94M	896.53M	418.67M	834.99M	601.43M	270.81M	503.47M	1.87B
Cash Only	90.78M	135.18M	546.94M	896.53M	418.67M	834.99M	601.43M	270.81M	503.47M	1.87B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	597.79M	641.25M	606.36M	624.97M	689.47M	750M	782.78M	684.05M	800.14M	544.04M
Days Sales Outstanding	22.41	24.46	23.61	23.81	25.92	27.09	25.98	27.29	31.71	21.84
Inventory	4.17B	4.33B	4.17B	4.36B	4.43B	4.54B	4.66B	4.9B	4.86B	3.61B
Days Inventory Outstanding	286.74	297.25	287.69	297.01	296.6	294.49	279.97	363.53	331.48	231.88
Other Current Assets	77.41M	70.47M	105.11M	198.41M	155.24M	146.81M	232.25M	163.69M	215.71M	118M
Total Non-Current Assets+	3.19B	3.14B	3.06B	2.96B	5.55B	5.57B	5.92B	5.97B	5.9B	4.65B
Property, Plant & Equipment	1.43B	1.45B	1.39B	1.37B	3.8B	3.84B	4.2B	4.3B	4.23B	3.58B
Fixed Asset Turnover	6.79x	6.62x	6.72x	7.00x	2.56x	2.63x	2.62x	2.13x	2.18x	2.54x
Goodwill	989.48M	990.88M	994.29M	990.24M	992.24M	993.59M	993.74M	990.47M	991.74M	598.22M
Intangible Assets	687.13M	640.9M	597.67M	550.59M	709.76M	681.13M	651.22M	620.9M	593.34M	405.75M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	75.77M	64.15M	69.3M	48.38M	52.45M	52.33M	73.65M	62.43M	86.9M	73.66M
Total Assets+	8.13B	8.32B	8.48B	9.04B	11.25B	11.84B	12.19B	11.99B	12.28B	10.8B
Asset Turnover	1.20x	1.15x	1.11x	1.06x	0.86x	0.85x	0.90x	0.76x	0.75x	0.84x
Asset Growth %	0.02%	0.02%	0.02%	0.07%	0.24%	0.05%	0.03%	-0.02%	0.02%	-0.12%
Total Current Liabilities+	3.8B	3.68B	3.48B	3.89B	4.48B	4.74B	5.18B	5.42B	5.31B	4.67B
Accounts Payable	3.2B	3.09B	2.89B	3.17B	3.42B	3.64B	3.92B	4.18B	3.53B	3.41B
Days Payables Outstanding	220.06	212.07	199.77	216.01	229	236.25	235.68	310.27	240.61	218.77
Short-Term Debt	598K	306K	0	0	0	0	0	185M	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	142.1M	370.21M	166.45M	206.26M	621.52M	560.46M	534.67M	499.82M	1.24B	544.75M
Current Ratio	1.30x	1.41x	1.56x	1.57x	1.27x	1.32x	1.21x	1.11x	1.20x	1.32x
Quick Ratio	0.20x	0.23x	0.36x	0.44x	0.28x	0.37x	0.31x	0.21x	0.29x	0.54x
Cash Conversion Cycle	89.09	109.65	111.53	104.81	93.52	85.33	70.27	80.55	122.58	34.94
Total Non-Current Liabilities+	1.87B	1.72B	1.59B	1.6B	3.22B	3.54B	3.89B	3.97B	4.45B	3.96B
Long-Term Debt	1.21B	1.04B	1.04B	1.05B	747.32M	1.03B	1.03B	1.19B	1.79B	1.79B
Capital Lease Obligations	0	0	0	0	2.02B	2.01B	2.34B	2.28B	2.04B	1.9B
Deferred Tax Liabilities	433.93M	454.28M	303.62M	318.35M	334.01M	342.44M	410.61M	410.75M	355.63M	192.67M
Other Non-Current Liabilities	229.35M	225.56M	239.06M	239.81M	123.25M	146.28M	103.03M	89.05M	267.29M	83.81M
Total Liabilities	5.67B	5.4B	5.07B	5.49B	7.7B	8.28B	9.07B	9.39B	9.76B	8.63B
Total Debt+	1.21B	1.04B	1.04B	1.05B	2.76B	3.05B	3.37B	3.65B	3.83B	3.69B
Net Debt	1.12B	908.08M	497.39M	149.19M	2.35B	2.21B	2.77B	3.38B	3.34B	1.82B
Debt / Equity	0.49x	0.36x	0.31x	0.29x	0.78x	0.86x	1.08x	1.40x	1.52x	1.70x
Debt / EBITDA	1.10x	1.00x	1.27x	1.24x	3.02x	3.05x	3.12x	4.72x	12.41x	-
Net Debt / EBITDA	1.02x	0.87x	0.61x	0.18x	2.56x	2.21x	2.56x	4.37x	10.83x	-
Interest Coverage	12.63x	13.15x	9.70x	10.68x	16.97x	15.99x	21.76x	10.32x	0.44x	-8.80x
Total Equity+	2.46B	2.92B	3.42B	3.55B	3.55B	3.56B	3.13B	2.6B	2.52B	2.17B
Equity Growth %	0.23%	0.19%	0.17%	0.04%	-0%	0%	-0.12%	-0.17%	-0.03%	-0.14%
Book Value per Share	33.37	39.48	46.08	47.99	49.87	51.58	48.49	42.81	42.27	36.38
Total Shareholders' Equity	2.46B	2.92B	3.42B	3.55B	3.55B	3.56B	3.13B	2.6B	2.52B	2.17B
Common Stock	7K	8K	8K	8K	8K	8K	8K	8K	8K	8K
Retained Earnings	2.02B	2.46B	2.92B	3.33B	3.77B	4.2B	4.61B	4.67B	4.56B	4.16B
Treasury Stock	-119.71M	-138.1M	-144.6M	-425.95M	-924.39M	-1.39B	-2.3B	-2.92B	-2.93B	-2.94B
Accumulated OCI	-44.06M	-39.7M	-24.95M	-44.19M	-34.57M	-26.76M	-22.63M	-44.7M	-52.23M	-47.15M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	702.64M	523.3M	600.8M	811.03M	866.91M	969.69M	1.11B	736.57M	287.38M	84.63M
Operating CF Margin %	0.07%	0.05%	0.06%	0.08%	0.09%	0.1%	0.1%	0.08%	0.03%	0.01%
Operating CF Growth %	-0.01%	-0.26%	0.15%	0.35%	0.07%	0.12%	0.14%	-0.33%	-0.61%	-0.71%
Net Income	473.4M	459.62M	475.5M	423.85M	486.9M	493.02M	596.62M	360.54M	-30.02M	-586.96M
Depreciation & Amortization	269.48M	258.39M	249.26M	238.18M	238.37M	250.08M	259.93M	248.33M	269.43M	291.98M
Stock-Based Compensation	36.93M	20.45M	35.27M	27.76M	37.44M	45.27M	63.07M	46.48M	40.91M	42.19M
Deferred Taxes	-9.22M	20.21M	-151.26M	15.96M	23.15M	8.14M	58.79M	22.81M	-37.17M	-203.28M
Other Non-Cash Items	15.54M	3.96M	20.23M	18.15M	19.11M	54.22M	964K	126.27M	149.71M	140.23M
Working Capital Changes	-83.48M	-239.33M	-28.19M	87.13M	61.95M	118.96M	127.66M	-67.86M	-105.47M	400.46M
Change in Receivables	-21.48M	-41.64M	36.05M	-21.47M	-62.84M	-59.01M	-7.46M	27.42M	-114.75M	28.95M
Change in Inventory	-244.1M	-144.6M	167.55M	-206.13M	-63.13M	-101.45M	-124.14M	-70.97M	-64.15M	270.4M
Change in Payables	119.16M	-119.33M	-197.17M	285.49M	245.78M	216.49M	291.04M	119.33M	57.52M	-110.11M
Cash from Investing+	-253.37M	-262.04M	-178.64M	-191.83M	-462.94M	-266.9M	-287.31M	-424.45M	-235.49M	1.35B
Capital Expenditures	-234.75M	-259.56M	-189.76M	-193.72M	-270.13M	-267.58M	-289.64M	-398.76M	-225.67M	-180.8M
CapEx % of Revenue	0.02%	0.03%	0.02%	0.02%	0.03%	0.03%	0.03%	0.04%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	270K	2.21M	11.12M	1.89M	-192.81M	679K	2.33M	-25.69M	-9.82M	1.54B
Cash from Financing+	-458.95M	-217.12M	-14.87M	-263.92M	-882.15M	-286M	-1.06B	-620.7M	189.27M	-75.01M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-17.65M	-17.74M	-17.85M	-17.82M	-17.18M	-56.35M	-160.93M	-336.23M	-209.29M	-59.85M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-490K	2.48M	-8.6M	44K	-481K	-7.75M	3.02M	1.47M	-1.49M	-8.65M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	467.9M	263.74M	411.05M	617.31M	395.26M	701.88M	817.38M	335.91M	61.7M	-96.17M
FCF Margin %	0.05%	0.03%	0.04%	0.06%	0.04%	0.07%	0.07%	0.04%	0.01%	-0.01%
FCF Growth %	-0.03%	-0.44%	0.56%	0.5%	-0.36%	0.78%	0.16%	-0.59%	-0.82%	-2.56%
FCF per Share	6.35	3.57	5.55	8.34	5.55	10.17	12.67	5.53	1.04	-1.61
FCF Conversion (FCF/Net Income)	1.48x	1.14x	1.26x	1.91x	1.78x	1.97x	1.86x	1.59x	9.66x	-0.25x
Interest Paid	62.37M	55.46M	53.51M	45.32M	41.1M	34.01M	36.37M	46.16M	73.84M	75.74M
Taxes Paid	254.41M	225.33M	192.12M	143.21M	108.16M	146.07M	177.32M	94.61M	98.79M	37.04M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	21.21%	17.1%	15.02%	12.17%	13.72%	13.87%	17.84%	16.22%	1.16%	-14.32%
Return on Invested Capital (ROIC)	17.42%	15.96%	11.06%	11.91%	10.59%	9.64%	10.57%	6.62%	0.49%	-10.89%
Gross Margin	45.42%	44.48%	43.58%	44.04%	43.82%	44.34%	44.77%	46.27%	41.92%	37.48%
Net Margin	4.86%	4.8%	5.07%	4.42%	5.01%	4.88%	5.42%	5.08%	0.32%	-3.69%
Debt / Equity	0.49x	0.36x	0.31x	0.29x	0.78x	0.86x	1.08x	1.40x	1.52x	1.70x
Interest Coverage	12.63x	13.15x	9.70x	10.68x	16.97x	15.99x	21.76x	10.32x	0.44x	-8.80x
FCF Conversion	1.48x	1.14x	1.26x	1.91x	1.78x	1.97x	1.86x	1.59x	9.66x	-0.25x
Revenue Growth	-1.09%	-1.74%	-2.03%	2.21%	1.34%	4.09%	8.82%	-16.81%	0.66%	-1.25%

Revenue by Segment

	2011	2012	2013	2022	2023	2024
AAP	5.88B	5.91B	6.17B	-	-	-
AAP Growth	-	0.51%	4.33%	-	-	-
AI	301.08M	306.14M	337.22M	-	-	-
AI Growth	-	1.68%	10.15%	-	-	-
Intersegment Elimination	-15.52M	-16.08M	-14.74M	-	-	-
Intersegment Elimination Growth	-	-3.63%	8.31%	-	-	-

Revenue by Geography

	2011	2012	2013	2022	2023	2024
UNITED STATES	-	-	-	8.86B	8.91B	8.8B
UNITED STATES Growth	-	-	-	-	0.64%	-1.28%
CANADA	-	-	-	291.69M	294.89M	294.67M
CANADA Growth	-	-	-	-	1.10%	-0.07%

Frequently Asked Questions

Growth & Financials

Advance Auto Parts, Inc. (AAP) reported $8.59B in revenue for fiscal year 2024. This represents a 39% increase from $6.17B in 2011.

Advance Auto Parts, Inc. (AAP) saw revenue decline by 1.2% over the past year.

Advance Auto Parts, Inc. (AAP) reported a net loss of $376.8M for fiscal year 2024.

Dividend & Returns

Yes, Advance Auto Parts, Inc. (AAP) pays a dividend with a yield of 2.33%. This makes it attractive for income-focused investors.

Advance Auto Parts, Inc. (AAP) has a return on equity (ROE) of -14.3%. Negative ROE indicates the company is unprofitable.

Advance Auto Parts, Inc. (AAP) had negative free cash flow of $401.4M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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

AAP • • Industrial / General

Consumer CyclicalSpecialty RetailAutomotive Parts & ServicesAuto Parts Retailers

Revenue $9.09B -1.2%
EBITDA -$421M -236.7%
Net Income -$336M -1229.3%
EPS (Diluted) -5.63 -1226.0%
Gross Margin 37.48% -10.6%
EBITDA Margin -4.63% -238.4%
Operating Margin -7.84% -1957.3%
Net Margin -3.69% -1243.5%
ROE -14.32% -1332.6%
ROIC -10.89% -2306.2%
Debt/Equity 1.70 +11.9%
Interest Coverage -8.80 -2091.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 2.3%
✓Trading at only 1.2x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.0%
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.79%

5Y-1.3%

3Y-6.14%

TTM-10.15%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-2139.28%

EPS CAGR

10Y-

5Y-

3Y-

TTM-963.93%

ROCE

10Y Avg9.17%

5Y Avg3.98%

3Y Avg-0.86%

Latest-10.89%

Peer Comparison

Auto Parts Retailers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CVNACarvana Co.	54.32B	464.52	292.15	26.94%	3.44%	21.31%	1.52%	4.40
GPCGenuine Parts Company	17.97B	129.21	19.97	1.71%	3.36%	16.83%	3.8%	1.32
CHPTChargePoint Holdings, Inc.	166.52M	7.04	-0.55	-17.68%	-58.09%	-6.11%		2.27
PRTSCarParts.com, Inc.	35.57M	0.54	-0.76	-12.86%	-9.69%	-84.63%		0.49
EVGOEVgo, Inc.	417.71M	3.09	-7.54	59.57%	-14.76%	-12.63%		0.20
AAPAdvance Auto Parts, Inc.	2.58B	42.99	-7.64	-1.25%	-4.39%	-17.17%		1.70

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.74B	9.57B	9.37B	9.58B	9.71B	10.11B	11B	9.15B	9.21B	9.09B
Revenue Growth %	-0.01%	-0.02%	-0.02%	0.02%	0.01%	0.04%	0.09%	-0.17%	0.01%	-0.01%
Cost of Goods Sold+	5.31B	5.31B	5.29B	5.36B	5.45B	5.62B	6.07B	4.92B	5.35B	5.69B
COGS % of Revenue	0.55%	0.56%	0.56%	0.56%	0.56%	0.56%	0.55%	0.54%	0.58%	0.63%
Gross Profit+	4.42B	4.26B	4.09B	4.22B	4.25B	4.48B	4.92B	4.23B	3.86B	3.41B
Gross Margin %	0.45%	0.44%	0.44%	0.44%	0.44%	0.44%	0.45%	0.46%	0.42%	0.37%
Gross Profit Growth %	-0.01%	-0.04%	-0.04%	0.03%	0.01%	0.05%	0.1%	-0.14%	-0.09%	-0.12%
Operating Expenses+	3.6B	3.47B	3.51B	3.62B	3.58B	3.73B	4.1B	3.71B	3.82B	4.12B
OpEx % of Revenue	0.37%	0.36%	0.37%	0.38%	0.37%	0.37%	0.37%	0.41%	0.41%	0.45%
Selling, General & Admin	3.6B	3.47B	3.51B	3.62B	3.58B	3.73B	4.1B	3.71B	3.82B	3.81B
SG&A % of Revenue	0.37%	0.36%	0.37%	0.38%	0.37%	0.37%	0.37%	0.41%	0.41%	0.42%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	308.9M
Operating Income+	825.78M	787.6M	570.21M	604.27M	677.18M	749.91M	822.37M	524.62M	38.89M	-713.31M
Operating Margin %	0.08%	0.08%	0.06%	0.06%	0.07%	0.07%	0.07%	0.06%	0%	-0.08%
Operating Income Growth %	-0.03%	-0.05%	-0.28%	0.06%	0.12%	0.11%	0.1%	-0.36%	-0.93%	-19.34%
EBITDA+	1.1B	1.05B	819.47M	842.46M	915.55M	999.99M	1.08B	772.95M	308.32M	-421.33M
EBITDA Margin %	0.11%	0.11%	0.09%	0.09%	0.09%	0.1%	0.1%	0.08%	0.03%	-0.05%
EBITDA Growth %	-0.04%	-0.04%	-0.22%	0.03%	0.09%	0.09%	0.08%	-0.29%	-0.6%	-2.37%
D&A (Non-Cash Add-back)	269.48M	258.39M	249.26M	238.18M	238.37M	250.08M	259.93M	248.33M	269.43M	291.98M
EBIT	818.3M	798.75M	579.06M	611.85M	677.64M	697.9M	820.28M	511.03M	40.81M	-687.07M
Net Interest Income+	-65.41M	-59.91M	-58.8M	-56.59M	-39.9M	-46.89M	-37.79M	-50.84M	-87.99M	-81.03M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	65.41M	59.91M	58.8M	56.59M	39.9M	46.89M	37.79M	50.84M	87.99M	81.03M
Other Income/Expense	-72.89M	-48.76M	-49.95M	-49.01M	-39.43M	-98.89M	-39.87M	-64.42M	-86.06M	-54.79M
Pretax Income+	752.89M	738.84M	520.26M	555.26M	637.75M	651.01M	782.49M	460.19M	-47.18M	-768.1M
Pretax Margin %	0.08%	0.08%	0.06%	0.06%	0.07%	0.06%	0.07%	0.05%	-0.01%	-0.08%
Income Tax+	279.49M	279.21M	44.75M	131.42M	150.85M	157.99M	185.88M	99.66M	-17.15M	-181.14M
Effective Tax Rate %	0.63%	0.62%	0.91%	0.76%	0.76%	0.76%	0.76%	1.01%	-0.63%	0.44%
Net Income+	473.4M	459.62M	475.5M	423.85M	486.9M	493.02M	596.62M	464.4M	29.73M	-335.79M
Net Margin %	0.05%	0.05%	0.05%	0.04%	0.05%	0.05%	0.05%	0.05%	0%	-0.04%
Net Income Growth %	-0.04%	-0.03%	0.03%	-0.11%	0.15%	0.01%	0.21%	-0.22%	-0.94%	-12.29%
Net Income (Continuing)	473.4M	459.62M	475.5M	423.85M	486.9M	493.02M	596.62M	360.54M	-30.02M	-586.96M
Discontinued Operations	0	0	0	0	0	0	0	103.87M	59.76M	251.17M
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	6.40	6.20	6.42	5.73	6.84	7.14	9.55	7.65	0.50	-5.63
EPS Growth %	-0.05%	-0.03%	0.04%	-0.11%	0.19%	0.04%	0.34%	-0.2%	-0.93%	-12.26%
EPS (Basic)	6.45	6.22	6.44	5.75	6.87	7.17	9.62	7.70	0.50	-5.63
Diluted Shares Outstanding	73.73M	73.86M	74.11M	73.99M	71.17M	69M	64.51M	60.72M	59.61M	59.65M
Basic Shares Outstanding	73.19M	73.56M	73.85M	73.73M	70.87M	68.75M	64.03M	60.35M	59.43M	59.65M
Dividend Payout Ratio	0.04%	0.04%	0.04%	0.04%	0.04%	0.11%	0.27%	0.72%	7.04%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.94B	5.17B	5.43B	6.08B	5.7B	6.27B	6.28B	6.01B	6.38B	6.14B
Cash & Short-Term Investments	90.78M	135.18M	546.94M	896.53M	418.67M	834.99M	601.43M	270.81M	503.47M	1.87B
Cash Only	90.78M	135.18M	546.94M	896.53M	418.67M	834.99M	601.43M	270.81M	503.47M	1.87B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	597.79M	641.25M	606.36M	624.97M	689.47M	750M	782.78M	684.05M	800.14M	544.04M
Days Sales Outstanding	22.41	24.46	23.61	23.81	25.92	27.09	25.98	27.29	31.71	21.84
Inventory	4.17B	4.33B	4.17B	4.36B	4.43B	4.54B	4.66B	4.9B	4.86B	3.61B
Days Inventory Outstanding	286.74	297.25	287.69	297.01	296.6	294.49	279.97	363.53	331.48	231.88
Other Current Assets	77.41M	70.47M	105.11M	198.41M	155.24M	146.81M	232.25M	163.69M	215.71M	118M
Total Non-Current Assets+	3.19B	3.14B	3.06B	2.96B	5.55B	5.57B	5.92B	5.97B	5.9B	4.65B
Property, Plant & Equipment	1.43B	1.45B	1.39B	1.37B	3.8B	3.84B	4.2B	4.3B	4.23B	3.58B
Fixed Asset Turnover	6.79x	6.62x	6.72x	7.00x	2.56x	2.63x	2.62x	2.13x	2.18x	2.54x
Goodwill	989.48M	990.88M	994.29M	990.24M	992.24M	993.59M	993.74M	990.47M	991.74M	598.22M
Intangible Assets	687.13M	640.9M	597.67M	550.59M	709.76M	681.13M	651.22M	620.9M	593.34M	405.75M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	75.77M	64.15M	69.3M	48.38M	52.45M	52.33M	73.65M	62.43M	86.9M	73.66M
Total Assets+	8.13B	8.32B	8.48B	9.04B	11.25B	11.84B	12.19B	11.99B	12.28B	10.8B
Asset Turnover	1.20x	1.15x	1.11x	1.06x	0.86x	0.85x	0.90x	0.76x	0.75x	0.84x
Asset Growth %	0.02%	0.02%	0.02%	0.07%	0.24%	0.05%	0.03%	-0.02%	0.02%	-0.12%
Total Current Liabilities+	3.8B	3.68B	3.48B	3.89B	4.48B	4.74B	5.18B	5.42B	5.31B	4.67B
Accounts Payable	3.2B	3.09B	2.89B	3.17B	3.42B	3.64B	3.92B	4.18B	3.53B	3.41B
Days Payables Outstanding	220.06	212.07	199.77	216.01	229	236.25	235.68	310.27	240.61	218.77
Short-Term Debt	598K	306K	0	0	0	0	0	185M	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	142.1M	370.21M	166.45M	206.26M	621.52M	560.46M	534.67M	499.82M	1.24B	544.75M
Current Ratio	1.30x	1.41x	1.56x	1.57x	1.27x	1.32x	1.21x	1.11x	1.20x	1.32x
Quick Ratio	0.20x	0.23x	0.36x	0.44x	0.28x	0.37x	0.31x	0.21x	0.29x	0.54x
Cash Conversion Cycle	89.09	109.65	111.53	104.81	93.52	85.33	70.27	80.55	122.58	34.94
Total Non-Current Liabilities+	1.87B	1.72B	1.59B	1.6B	3.22B	3.54B	3.89B	3.97B	4.45B	3.96B
Long-Term Debt	1.21B	1.04B	1.04B	1.05B	747.32M	1.03B	1.03B	1.19B	1.79B	1.79B
Capital Lease Obligations	0	0	0	0	2.02B	2.01B	2.34B	2.28B	2.04B	1.9B
Deferred Tax Liabilities	433.93M	454.28M	303.62M	318.35M	334.01M	342.44M	410.61M	410.75M	355.63M	192.67M
Other Non-Current Liabilities	229.35M	225.56M	239.06M	239.81M	123.25M	146.28M	103.03M	89.05M	267.29M	83.81M
Total Liabilities	5.67B	5.4B	5.07B	5.49B	7.7B	8.28B	9.07B	9.39B	9.76B	8.63B
Total Debt+	1.21B	1.04B	1.04B	1.05B	2.76B	3.05B	3.37B	3.65B	3.83B	3.69B
Net Debt	1.12B	908.08M	497.39M	149.19M	2.35B	2.21B	2.77B	3.38B	3.34B	1.82B
Debt / Equity	0.49x	0.36x	0.31x	0.29x	0.78x	0.86x	1.08x	1.40x	1.52x	1.70x
Debt / EBITDA	1.10x	1.00x	1.27x	1.24x	3.02x	3.05x	3.12x	4.72x	12.41x	-
Net Debt / EBITDA	1.02x	0.87x	0.61x	0.18x	2.56x	2.21x	2.56x	4.37x	10.83x	-
Interest Coverage	12.63x	13.15x	9.70x	10.68x	16.97x	15.99x	21.76x	10.32x	0.44x	-8.80x
Total Equity+	2.46B	2.92B	3.42B	3.55B	3.55B	3.56B	3.13B	2.6B	2.52B	2.17B
Equity Growth %	0.23%	0.19%	0.17%	0.04%	-0%	0%	-0.12%	-0.17%	-0.03%	-0.14%
Book Value per Share	33.37	39.48	46.08	47.99	49.87	51.58	48.49	42.81	42.27	36.38
Total Shareholders' Equity	2.46B	2.92B	3.42B	3.55B	3.55B	3.56B	3.13B	2.6B	2.52B	2.17B
Common Stock	7K	8K	8K	8K	8K	8K	8K	8K	8K	8K
Retained Earnings	2.02B	2.46B	2.92B	3.33B	3.77B	4.2B	4.61B	4.67B	4.56B	4.16B
Treasury Stock	-119.71M	-138.1M	-144.6M	-425.95M	-924.39M	-1.39B	-2.3B	-2.92B	-2.93B	-2.94B
Accumulated OCI	-44.06M	-39.7M	-24.95M	-44.19M	-34.57M	-26.76M	-22.63M	-44.7M	-52.23M	-47.15M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	702.64M	523.3M	600.8M	811.03M	866.91M	969.69M	1.11B	736.57M	287.38M	84.63M
Operating CF Margin %	0.07%	0.05%	0.06%	0.08%	0.09%	0.1%	0.1%	0.08%	0.03%	0.01%
Operating CF Growth %	-0.01%	-0.26%	0.15%	0.35%	0.07%	0.12%	0.14%	-0.33%	-0.61%	-0.71%
Net Income	473.4M	459.62M	475.5M	423.85M	486.9M	493.02M	596.62M	360.54M	-30.02M	-586.96M
Depreciation & Amortization	269.48M	258.39M	249.26M	238.18M	238.37M	250.08M	259.93M	248.33M	269.43M	291.98M
Stock-Based Compensation	36.93M	20.45M	35.27M	27.76M	37.44M	45.27M	63.07M	46.48M	40.91M	42.19M
Deferred Taxes	-9.22M	20.21M	-151.26M	15.96M	23.15M	8.14M	58.79M	22.81M	-37.17M	-203.28M
Other Non-Cash Items	15.54M	3.96M	20.23M	18.15M	19.11M	54.22M	964K	126.27M	149.71M	140.23M
Working Capital Changes	-83.48M	-239.33M	-28.19M	87.13M	61.95M	118.96M	127.66M	-67.86M	-105.47M	400.46M
Change in Receivables	-21.48M	-41.64M	36.05M	-21.47M	-62.84M	-59.01M	-7.46M	27.42M	-114.75M	28.95M
Change in Inventory	-244.1M	-144.6M	167.55M	-206.13M	-63.13M	-101.45M	-124.14M	-70.97M	-64.15M	270.4M
Change in Payables	119.16M	-119.33M	-197.17M	285.49M	245.78M	216.49M	291.04M	119.33M	57.52M	-110.11M
Cash from Investing+	-253.37M	-262.04M	-178.64M	-191.83M	-462.94M	-266.9M	-287.31M	-424.45M	-235.49M	1.35B
Capital Expenditures	-234.75M	-259.56M	-189.76M	-193.72M	-270.13M	-267.58M	-289.64M	-398.76M	-225.67M	-180.8M
CapEx % of Revenue	0.02%	0.03%	0.02%	0.02%	0.03%	0.03%	0.03%	0.04%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	270K	2.21M	11.12M	1.89M	-192.81M	679K	2.33M	-25.69M	-9.82M	1.54B
Cash from Financing+	-458.95M	-217.12M	-14.87M	-263.92M	-882.15M	-286M	-1.06B	-620.7M	189.27M	-75.01M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-17.65M	-17.74M	-17.85M	-17.82M	-17.18M	-56.35M	-160.93M	-336.23M	-209.29M	-59.85M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-490K	2.48M	-8.6M	44K	-481K	-7.75M	3.02M	1.47M	-1.49M	-8.65M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	467.9M	263.74M	411.05M	617.31M	395.26M	701.88M	817.38M	335.91M	61.7M	-96.17M
FCF Margin %	0.05%	0.03%	0.04%	0.06%	0.04%	0.07%	0.07%	0.04%	0.01%	-0.01%
FCF Growth %	-0.03%	-0.44%	0.56%	0.5%	-0.36%	0.78%	0.16%	-0.59%	-0.82%	-2.56%
FCF per Share	6.35	3.57	5.55	8.34	5.55	10.17	12.67	5.53	1.04	-1.61
FCF Conversion (FCF/Net Income)	1.48x	1.14x	1.26x	1.91x	1.78x	1.97x	1.86x	1.59x	9.66x	-0.25x
Interest Paid	62.37M	55.46M	53.51M	45.32M	41.1M	34.01M	36.37M	46.16M	73.84M	75.74M
Taxes Paid	254.41M	225.33M	192.12M	143.21M	108.16M	146.07M	177.32M	94.61M	98.79M	37.04M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	21.21%	17.1%	15.02%	12.17%	13.72%	13.87%	17.84%	16.22%	1.16%	-14.32%
Return on Invested Capital (ROIC)	17.42%	15.96%	11.06%	11.91%	10.59%	9.64%	10.57%	6.62%	0.49%	-10.89%
Gross Margin	45.42%	44.48%	43.58%	44.04%	43.82%	44.34%	44.77%	46.27%	41.92%	37.48%
Net Margin	4.86%	4.8%	5.07%	4.42%	5.01%	4.88%	5.42%	5.08%	0.32%	-3.69%
Debt / Equity	0.49x	0.36x	0.31x	0.29x	0.78x	0.86x	1.08x	1.40x	1.52x	1.70x
Interest Coverage	12.63x	13.15x	9.70x	10.68x	16.97x	15.99x	21.76x	10.32x	0.44x	-8.80x
FCF Conversion	1.48x	1.14x	1.26x	1.91x	1.78x	1.97x	1.86x	1.59x	9.66x	-0.25x
Revenue Growth	-1.09%	-1.74%	-2.03%	2.21%	1.34%	4.09%	8.82%	-16.81%	0.66%	-1.25%

Revenue by Segment

	2011	2012	2013	2022	2023	2024
AAP	5.88B	5.91B	6.17B	-	-	-
AAP Growth	-	0.51%	4.33%	-	-	-
AI	301.08M	306.14M	337.22M	-	-	-
AI Growth	-	1.68%	10.15%	-	-	-
Intersegment Elimination	-15.52M	-16.08M	-14.74M	-	-	-
Intersegment Elimination Growth	-	-3.63%	8.31%	-	-	-

Revenue by Geography

	2011	2012	2013	2022	2023	2024
UNITED STATES	-	-	-	8.86B	8.91B	8.8B
UNITED STATES Growth	-	-	-	-	0.64%	-1.28%
CANADA	-	-	-	291.69M	294.89M	294.67M
CANADA Growth	-	-	-	-	1.10%	-0.07%

Frequently Asked Questions

Growth & Financials

Advance Auto Parts, Inc. (AAP) reported $8.59B in revenue for fiscal year 2024. This represents a 39% increase from $6.17B in 2011.

Advance Auto Parts, Inc. (AAP) saw revenue decline by 1.2% over the past year.

Advance Auto Parts, Inc. (AAP) reported a net loss of $376.8M for fiscal year 2024.

Dividend & Returns

Yes, Advance Auto Parts, Inc. (AAP) pays a dividend with a yield of 2.33%. This makes it attractive for income-focused investors.

Advance Auto Parts, Inc. (AAP) has a return on equity (ROE) of -14.3%. Negative ROE indicates the company is unprofitable.

Advance Auto Parts, Inc. (AAP) had negative free cash flow of $401.4M in fiscal year 2024, likely due to heavy capital investments.