O'Reilly Automotive, Inc. (ORLY) 10-Year Financial Performance & Capital Metrics

ORLY • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentAftermarket Parts & RetailAutomotive Retail Chains

AboutO'Reilly Automotive, Inc., together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories. Its stores offer auto body paint and related materials, automotive tools, and professional service provider service equipment. The company's stores also provide enhanced services and programs comprising used oil, oil filter, and battery recycling; battery, wiper, and bulb replacement; battery diagnostic testing; electrical and module testing; check engine light code extraction; loaner tool program; drum and rotor resurfacing; custom hydraulic hoses; and professional paint shop mixing and related materials. Its stores offer do-it-yourself and professional service provider customers a selection of products for domestic and imported automobiles, vans, and trucks. As of December 31, 2021, the company owned and operated 5,759 stores in the United States, and 25 stores in Mexico. O'Reilly Automotive, Inc. was founded in 1957 and is headquartered in Springfield, Missouri.Show more

Revenue $16.71B +5.7%
EBITDA $3.71B +3.2%
Net Income $2.39B +1.7%
EPS (Diluted) 2.71 +0.7%
Gross Margin 51.2% -0.1%
EBITDA Margin 22.23% -2.3%
Operating Margin 19.46% -3.5%
Net Margin 14.28% -3.7%
ROE -
ROIC 39.84% -6.7%
Debt/Equity -
Interest Coverage 14.61 -7.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 10.5%
✓Share count reduced 3.8% through buybacks
✓Healthy 5Y average net margin of 15.1%
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.76%

5Y10.48%

3Y7.83%

TTM6.19%

Profit (Net Income) CAGR

10Y11.86%

5Y11.4%

3Y3.31%

TTM4.02%

EPS CAGR

10Y18.18%

5Y16.74%

3Y7.52%

TTM3.44%

ROCE

10Y Avg45.81%

5Y Avg48.69%

3Y Avg52.27%

Latest50.72%

Peer Comparison

Automotive Retail Chains

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ORLYO'Reilly Automotive, Inc.	79.04B	93.64	34.55	5.67%	14.22%		2.56%
AZOAutoZone, Inc.	57.41B	3465.45	23.92	2.43%	13.19%		3.12%
LKQLKQ Corporation	8.68B	33.93	12.90	3.53%	4.99%	10.59%	9.33%	0.93
MNROMonro, Inc.	639.42M	21.30	-96.82	-6.38%	-1.6%	-3.17%	16.51%	0.85

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	7.97B	8.59B	8.98B	9.54B	10.15B	11.6B	13.33B	14.41B	15.81B	16.71B
Revenue Growth %	0.1%	0.08%	0.04%	0.06%	0.06%	0.14%	0.15%	0.08%	0.1%	0.06%
Cost of Goods Sold+	3.8B	4.08B	4.26B	4.5B	4.76B	5.52B	6.31B	7.03B	7.71B	8.15B
COGS % of Revenue	0.48%	0.48%	0.47%	0.47%	0.47%	0.48%	0.47%	0.49%	0.49%	0.49%
Gross Profit+	4.16B	4.51B	4.72B	5.04B	5.39B	6.09B	7.02B	7.38B	8.1B	8.55B
Gross Margin %	0.52%	0.52%	0.53%	0.53%	0.53%	0.52%	0.53%	0.51%	0.51%	0.51%
Gross Profit Growth %	0.12%	0.08%	0.05%	0.07%	0.07%	0.13%	0.15%	0.05%	0.1%	0.06%
Operating Expenses+	2.65B	2.81B	3B	3.22B	3.47B	3.67B	4.1B	4.43B	4.92B	5.3B
OpEx % of Revenue	0.33%	0.33%	0.33%	0.34%	0.34%	0.32%	0.31%	0.31%	0.31%	0.32%
Selling, General & Admin	2.65B	2.81B	3B	3.22B	3.47B	3.67B	4.1B	4.43B	4.92B	5.3B
SG&A % of Revenue	0.33%	0.33%	0.33%	0.34%	0.34%	0.32%	0.31%	0.31%	0.31%	0.32%
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	0
Operating Income+	1.53B	1.7B	1.73B	1.82B	1.92B	2.42B	2.93B	2.96B	3.19B	3.25B
Operating Margin %	0.19%	0.2%	0.19%	0.19%	0.19%	0.21%	0.22%	0.21%	0.2%	0.19%
Operating Income Growth %	0.21%	0.11%	0.02%	0.05%	0.06%	0.26%	0.21%	0.01%	0.08%	0.02%
EBITDA+	1.74B	1.92B	1.96B	2.07B	2.19B	2.74B	3.26B	3.32B	3.6B	3.71B
EBITDA Margin %	0.22%	0.22%	0.22%	0.22%	0.22%	0.24%	0.24%	0.23%	0.23%	0.22%
EBITDA Growth %	0.19%	0.1%	0.02%	0.06%	0.06%	0.25%	0.19%	0.02%	0.08%	0.03%
D&A (Non-Cash Add-back)	210.26M	217.87M	233.84M	258.94M	270.88M	314.63M	328.22M	357.93M	409.06M	461.89M
EBIT	1.52B	1.71B	1.73B	1.82B	1.93B	2.43B	2.93B	2.96B	3.21B	3.27B
Net Interest Income+	-54.79M	-66.71M	-89M	-119.61M	-137.43M	-158.63M	-142.8M	-152.96M	-196.77M	-215.25M
Interest Income	2.34M	4.22M	2.35M	2.52M	2.54M	2.49M	1.97M	4.76M	4.9M	7.29M
Interest Expense	57.13M	70.93M	91.35M	122.13M	139.97M	161.13M	144.77M	157.72M	201.67M	222.55M
Other Income/Expense	-72.66M	-62.02M	-87.6M	-121.1M	-132.3M	-156.33M	-147.85M	-163.44M	-183.83M	-206.59M
Pretax Income+	1.46B	1.64B	1.64B	1.69B	1.79B	2.27B	2.78B	2.8B	3B	3.05B
Pretax Margin %	0.18%	0.19%	0.18%	0.18%	0.18%	0.2%	0.21%	0.19%	0.19%	0.18%
Income Tax+	529.15M	599.5M	504M	369.6M	399.29M	514.1M	617.23M	626M	658.17M	658.38M
Effective Tax Rate %	0.64%	0.63%	0.69%	0.78%	0.78%	0.77%	0.78%	0.78%	0.78%	0.78%
Net Income+	931.22M	1.04B	1.13B	1.32B	1.39B	1.75B	2.16B	2.17B	2.35B	2.39B
Net Margin %	0.12%	0.12%	0.13%	0.14%	0.14%	0.15%	0.16%	0.15%	0.15%	0.14%
Net Income Growth %	0.2%	0.11%	0.09%	0.17%	0.05%	0.26%	0.24%	0%	0.08%	0.02%
Net Income (Continuing)	931.22M	1.04B	1.13B	1.32B	1.39B	1.75B	2.16B	2.17B	2.35B	2.39B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.64	0.75	0.89	1.13	1.25	1.65	2.18	2.34	2.69	2.71
EPS Growth %	0.25%	0.17%	0.19%	0.27%	0.11%	0.32%	0.32%	0.07%	0.15%	0.01%
EPS (Basic)	0.62	0.72	0.85	1.08	1.20	1.58	2.09	2.25	2.59	2.73
Diluted Shares Outstanding	1.45B	1.38B	1.28B	1.18B	1.11B	1.06B	994.44M	928.03M	871.4M	838.64M
Basic Shares Outstanding	1.5B	1.43B	1.33B	1.22B	1.15B	1.11B	1.03B	965.58M	907.12M	875.08M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

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+	3.01B	3.26B	3.4B	3.54B	3.83B	4.5B	4.5B	5.05B	5.56B	5.84B
Cash & Short-Term Investments	116.3M	146.6M	46.35M	31.32M	40.41M	465.64M	362.11M	108.58M	279.13M	130.25M
Cash Only	116.3M	146.6M	46.35M	31.32M	40.41M	465.64M	362.11M	108.58M	279.13M	130.25M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	233.69M	279.38M	292.49M	270.18M	294.41M	330.29M	385.67M	470.17M	515.49M	495.93M
Days Sales Outstanding	10.71	11.87	11.89	10.34	10.59	10.39	10.56	11.91	11.9	10.83
Inventory	2.63B	2.78B	3.01B	3.19B	3.45B	3.65B	3.69B	4.36B	4.66B	5.1B
Days Inventory Outstanding	252.45	248.36	258.06	259.22	265.12	241.61	213.32	226.39	220.61	228.11
Other Current Assets	29.02M	53.02M	49.04M	48.26M	44.76M	50.66M	70.09M	110.38M	105.31M	117.92M
Total Non-Current Assets+	3.67B	3.95B	4.17B	4.44B	6.88B	7.1B	7.21B	7.58B	8.31B	9.05B
Property, Plant & Equipment	2.86B	3.12B	3.34B	3.59B	5.88B	6.09B	6.2B	6.54B	7.24B	7.93B
Fixed Asset Turnover	2.78x	2.75x	2.68x	2.66x	1.73x	1.91x	2.15x	2.20x	2.18x	2.11x
Goodwill	757.14M	785.4M	789.06M	807.26M	936.81M	881.03M	879.34M	884.45M	897.7M	930.16M
Intangible Assets	0	0	0	0	0	0	0	46.22M	49.77M	67.91M
Long-Term Investments	0	0	0	0	0	0	0	0	0	89.06M
Other Non-Current Assets	47.96M	37.38M	41.35M	43.42M	70.11M	125.78M	139.11M	112.75M	129.69M	36.92M
Total Assets+	6.68B	7.2B	7.57B	7.98B	10.72B	11.6B	11.72B	12.63B	13.87B	14.89B
Asset Turnover	1.19x	1.19x	1.19x	1.19x	0.95x	1.00x	1.14x	1.14x	1.14x	1.12x
Asset Growth %	0.02%	0.08%	0.05%	0.05%	0.34%	0.08%	0.01%	0.08%	0.1%	0.07%
Total Current Liabilities+	3.05B	3.4B	3.65B	3.89B	4.47B	5.26B	5.87B	7.06B	7.66B	8.28B
Accounts Payable	2.61B	2.94B	3.19B	3.38B	3.6B	4.18B	4.7B	5.88B	6.09B	6.52B
Days Payables Outstanding	250.26	262.45	273.51	274.08	276.69	276.76	271.7	305.43	288.48	292.07
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	305.42M	317.82M	310.88M	331M	349.29M	406.59M	499.01M	522.62M	859.49M	1.03B
Current Ratio	0.99x	0.96x	0.93x	0.91x	0.86x	0.86x	0.77x	0.71x	0.73x	0.71x
Quick Ratio	0.12x	0.14x	0.11x	0.09x	0.08x	0.16x	0.14x	0.10x	0.12x	0.09x
Cash Conversion Cycle	12.89	-2.23	-3.56	-4.52	-0.97	-24.76	-47.82	-67.14	-55.98	-53.13
Total Non-Current Liabilities+	1.67B	2.18B	3.27B	3.73B	5.85B	6.19B	5.91B	6.62B	7.95B	7.98B
Long-Term Debt	1.39B	1.89B	2.98B	3.42B	3.89B	4.12B	3.83B	4.37B	5.57B	5.52B
Capital Lease Obligations	0	0	0	0	1.66B	1.72B	1.7B	1.81B	1.88B	1.98B
Deferred Tax Liabilities	79.77M	90.17M	85.41M	105.57M	133.28M	155.9M	175.21M	245.35M	295.47M	247.6M
Other Non-Current Liabilities	199.18M	199.22M	207.68M	210.41M	167.19M	196.16M	206.57M	196.26M	203.98M	231.96M
Total Liabilities	4.72B	5.58B	6.92B	7.63B	10.32B	11.46B	11.79B	13.69B	15.61B	16.26B
Total Debt+	1.39B	1.89B	2.98B	3.42B	5.86B	6.16B	5.87B	6.55B	7.84B	7.92B
Net Debt	1.27B	1.74B	2.93B	3.39B	5.82B	5.7B	5.5B	6.44B	7.56B	7.79B
Debt / Equity	0.71x	1.16x	4.56x	9.66x	14.75x	43.95x	-	-	-	-
Debt / EBITDA	0.80x	0.98x	1.52x	1.65x	2.67x	2.25x	1.80x	1.97x	2.18x	2.13x
Net Debt / EBITDA	0.73x	0.91x	1.50x	1.63x	2.65x	2.08x	1.69x	1.94x	2.10x	2.10x
Interest Coverage	26.83x	23.96x	18.89x	14.86x	13.74x	15.04x	20.24x	18.78x	15.81x	14.61x
Total Equity+	1.96B	1.63B	653.05M	353.67M	397.34M	140.26M	-66.42M	-1.06B	-1.74B	-1.37B
Equity Growth %	-0.03%	-0.17%	-0.6%	-0.46%	0.12%	-0.65%	-1.47%	-14.97%	-0.64%	0.21%
Book Value per Share	1.35	1.18	0.51	0.30	0.36	0.13	-0.07	-1.14	-2.00	-1.63
Total Shareholders' Equity	1.96B	1.63B	653.05M	353.67M	397.34M	140.26M	-66.42M	-1.06B	-1.74B	-1.37B
Common Stock	977K	929K	843K	790K	756K	711K	670K	624K	591K	575K
Retained Earnings	678.84M	289.5M	-612.84M	-909.19M	-889.07M	-1.14B	-1.37B	-2.38B	-3.13B	-2.79B
Treasury Stock	-	-	-	-	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	4.89M	-2.15M	-6.8M	3M	39.39M	-42.81M
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+	1.35B	1.51B	1.4B	1.73B	1.71B	2.84B	3.21B	3.15B	3.03B	3.05B
Operating CF Margin %	0.17%	0.18%	0.16%	0.18%	0.17%	0.24%	0.24%	0.22%	0.19%	0.18%
Operating CF Growth %	0.13%	0.12%	-0.07%	0.23%	-0.01%	0.66%	0.13%	-0.02%	-0.04%	0.01%
Net Income	931.22M	1.04B	1.13B	1.32B	1.39B	1.75B	2.16B	2.17B	2.35B	2.39B
Depreciation & Amortization	210.26M	217.87M	233.84M	258.94M	270.88M	314.63M	328.22M	357.93M	409.06M	461.89M
Stock-Based Compensation	21.9M	18.86M	19.4M	20.18M	21.92M	22.75M	24.66M	26.46M	27.51M	28.93M
Deferred Taxes	-22.65M	10.39M	-4.59M	20.16M	21.16M	12.38M	20.38M	69.58M	48.23M	-50.24M
Other Non-Cash Items	8.95M	8.88M	14.66M	13.37M	11.45M	9.27M	6.52M	5.59M	7.07M	12.97M
Working Capital Changes	195.82M	217.02M	6.57M	90.43M	-7.96M	725.27M	662.85M	516.04M	195.63M	209.34M
Change in Receivables	-23.86M	-38.55M	-27.74M	18.14M	-15.58M	-20.52M	-47.43M	-75.86M	-35.54M	30.5M
Change in Inventory	-76.23M	-119.27M	-231.8M	-163.37M	-239.91M	-198.86M	-32.63M	-669.05M	-288.32M	-403.89M
Change in Payables	191.06M	322.43M	253.26M	177.68M	213.42M	580.61M	510.91M	1.18B	207.06M	421.36M
Cash from Investing+	-407.19M	-529.1M	-464.22M	-534.3M	-796.75M	-614.89M	-615.62M	-739.99M	-995.94M	-1.17B
Capital Expenditures	-414.02M	-476.34M	-465.94M	-504.27M	-628.06M	-465.58M	-442.85M	-563.34M	-1.01B	-1.02B
CapEx % of Revenue	0.05%	0.06%	0.05%	0.05%	0.06%	0.04%	0.03%	0.04%	0.06%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	4.07M	-57.87M	-2.75M	-34.82M	-142.03M	-975K	-1.93M	-3.16M	-3.21M	-161.26M
Cash from Financing+	-1.07B	-951.32M	-1.04B	-1.21B	-902.81M	-1.8B	-2.69B	-2.66B	-1.87B	-2.03B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-934K	-4.68M	-156K	-2.16M	-191K	-253K	-3.73M	-350K	-354K	-29.4M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	931.47M	1.03B	937.75M	1.22B	1.08B	2.37B	2.76B	2.58B	2.03B	2.03B
FCF Margin %	0.12%	0.12%	0.1%	0.13%	0.11%	0.2%	0.21%	0.18%	0.13%	0.12%
FCF Growth %	0.22%	0.11%	-0.09%	0.3%	-0.12%	1.19%	0.17%	-0.06%	-0.22%	-0%
FCF per Share	0.64	0.75	0.73	1.04	0.97	2.23	2.78	2.79	2.33	2.42
FCF Conversion (FCF/Net Income)	1.44x	1.46x	1.24x	1.30x	1.23x	1.62x	1.48x	1.45x	1.29x	1.28x
Interest Paid	55.06M	63.65M	77.77M	117.94M	134.63M	159.72M	144.29M	155.85M	189.61M	209.09M
Taxes Paid	485.82M	569.68M	496.73M	311.38M	394.93M	305.09M	450.94M	415.17M	315.06M	640.43M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	46.8%	57.84%	99.45%	263.13%	370.45%	651.9%	5863.57%	-	-	-
Return on Invested Capital (ROIC)	35.93%	38.6%	37.22%	37.17%	28.96%	30.14%	38.97%	41.09%	42.71%	39.84%
Gross Margin	52.25%	52.47%	52.58%	52.85%	53.15%	52.44%	52.67%	51.23%	51.26%	51.2%
Net Margin	11.69%	12.08%	12.63%	13.89%	13.7%	15.1%	16.24%	15.08%	14.84%	14.28%
Debt / Equity	0.71x	1.16x	4.56x	9.66x	14.75x	43.95x	-	-	-	-
Interest Coverage	26.83x	23.96x	18.89x	14.86x	13.74x	15.04x	20.24x	18.78x	15.81x	14.61x
FCF Conversion	1.44x	1.46x	1.24x	1.30x	1.23x	1.62x	1.48x	1.45x	1.29x	1.28x
Revenue Growth	10.4%	7.86%	4.48%	6.22%	6.43%	14.33%	14.85%	8.12%	9.73%	5.67%

Frequently Asked Questions

Valuation & Price

O'Reilly Automotive, Inc. (ORLY) has a price-to-earnings (P/E) ratio of 34.6x. This suggests investors expect higher future growth.

Growth & Financials

O'Reilly Automotive, Inc. (ORLY) reported $17.46B in revenue for fiscal year 2024. This represents a 202% increase from $5.79B in 2011.

O'Reilly Automotive, Inc. (ORLY) grew revenue by 5.7% over the past year. This is steady growth.

Yes, O'Reilly Automotive, Inc. (ORLY) is profitable, generating $2.48B in net income for fiscal year 2024 (14.3% net margin).

Dividend & Returns

O'Reilly Automotive, Inc. (ORLY) generated $1.56B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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