AutoZone, Inc. (AZO) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Auto - Parts
EV/EBITDA
↑
16.81
+8% vs avg
5yr avg: 15.49
30Y Low6.7·High20.0
P/FCF
↑
32.94
↑+36% vs avg
5yr avg: 24.30
30Y Low11.2·High40.4
P/B Ratio
N/A
—
5yr avg: N/A
30Y Low2.7·High38.2
ROE
N/A
—
5yr avg: N/A
30Y Low19%·High208%
Debt/EBITDA
↑
2.91
+8% vs avg
5yr avg: 2.69
30Y Low0.3·High3.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AZO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
AutoZone, Inc. trades at 24.5x earnings, 19% above its 5-year average of 20.7x, sitting at the 90th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.4x, the stock trades at a premium of 26%. On a free-cash-flow basis, the stock trades at 32.9x P/FCF, 36% above the 5-year average of 24.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $59.0B | $72.4B | $56.6B | $46.9B | $44.8B | $35.3B | $28.6B | $28.1B | $21.1B | $15.4B | $23.0B |
| Enterprise Value | $71.0B | $84.4B | $68.7B | $57.5B | $53.9B | $42.4B | $35.2B | $33.2B | $26.0B | $20.2B | $27.8B |
| P/E Ratio → | 24.54 | 28.98 | 21.27 | 18.54 | 18.46 | 16.27 | 16.53 | 17.37 | 15.80 | 12.00 | 18.51 |
| P/S Ratio | 3.11 | 3.82 | 3.06 | 2.68 | 2.76 | 2.41 | 2.27 | 2.37 | 1.88 | 1.41 | 2.16 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 32.94 | 40.45 | 29.33 | 21.86 | 17.66 | 12.19 | 12.66 | 17.21 | 13.56 | 15.12 | 21.10 |
| P/OCF | 18.91 | 23.23 | 18.85 | 15.94 | 13.97 | 10.03 | 10.53 | 13.20 | 10.16 | 9.79 | 14.56 |
P/E links to full P/E history page with 30-year chart
AZO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
AutoZone, Inc.'s enterprise value stands at 16.8x EBITDA, 8% above its 5-year average of 15.5x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 48% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.46 | 3.72 | 3.29 | 3.32 | 2.90 | 2.79 | 2.80 | 2.31 | 1.86 | 2.61 |
| EV / EBITDA | 16.81 | 19.99 | 15.84 | 14.48 | 14.51 | 12.64 | 12.51 | 12.83 | 12.05 | 8.41 | 11.77 |
| EV / EBIT | 19.66 | 23.38 | 18.08 | 16.50 | 16.44 | 14.36 | 14.53 | 14.92 | 14.30 | 9.70 | 13.45 |
| EV / FCF | — | 47.16 | 35.57 | 26.83 | 21.22 | 14.62 | 15.56 | 20.32 | 16.67 | 19.88 | 25.49 |
AZO Profitability
Margins and return-on-capital ratios measuring operating efficiency
AutoZone, Inc. earns an operating margin of 19.1%, significantly above the Consumer Cyclical sector average of 2.9%. ROIC of 34.0% represents excellent returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.6% | 52.6% | 53.1% | 52.0% | 52.1% | 52.8% | 53.6% | 53.7% | 53.2% | 52.7% | 52.7% |
| Operating Margin | 19.1% | 19.1% | 20.5% | 19.9% | 20.1% | 20.1% | 19.1% | 18.7% | 16.1% | 19.1% | 19.4% |
| Net Profit Margin | 13.2% | 13.2% | 14.4% | 14.5% | 14.9% | 14.8% | 13.7% | 13.6% | 11.9% | 11.8% | 11.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — |
| ROA | 13.7% | 13.7% | 16.1% | 16.2% | 16.3% | 15.0% | 14.3% | 16.8% | 14.4% | 14.3% | 14.9% |
| ROIC | 34.0% | 34.0% | 41.7% | 44.2% | 45.6% | 40.4% | 40.1% | 49.7% | 40.4% | 48.8% | 53.5% |
| ROCE | 39.5% | 39.5% | 47.5% | 49.1% | 47.3% | 38.5% | 38.6% | 50.9% | 41.1% | 49.5% | 56.4% |
AZO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
AutoZone, Inc. carries a Debt/EBITDA ratio of 2.9x, which is moderately leveraged (34% below the sector average of 4.4x). Net debt stands at $12.0B ($12.3B total debt minus $272M cash). Interest coverage of 7.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | 2.91 | 2.91 | 2.85 | 2.75 | 2.50 | 2.45 | 2.95 | 2.03 | 2.35 | 2.13 | 2.11 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 2.85 | 2.85 | 2.78 | 2.68 | 2.43 | 2.11 | 2.33 | 1.97 | 2.25 | 2.01 | 2.03 |
| Debt / FCF | — | 6.71 | 6.25 | 4.97 | 3.56 | 2.44 | 2.90 | 3.12 | 3.11 | 4.76 | 4.39 |
| Interest Coverage | 7.42 | 7.42 | 8.23 | 11.01 | 16.85 | 14.94 | 11.84 | 11.66 | 10.18 | 13.34 | 13.90 |
AZO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.88x is below 1.0, meaning current liabilities exceed current assets. The quick ratio of 0.14x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 0.80x to 0.88x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.88 | 0.88 | 0.84 | 0.80 | 0.77 | 0.87 | 1.08 | 0.91 | 0.92 | 0.97 | 0.90 |
| Quick Ratio | 0.14 | 0.14 | 0.13 | 0.12 | 0.12 | 0.24 | 0.37 | 0.13 | 0.14 | 0.15 | 0.13 |
| Cash Ratio | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.16 | 0.28 | 0.03 | 0.04 | 0.06 | 0.04 |
| Asset Turnover | — | 0.98 | 1.08 | 1.09 | 1.06 | 1.01 | 0.88 | 1.20 | 1.20 | 1.18 | 1.24 |
| Inventory Turnover | 1.28 | 1.28 | 1.41 | 1.45 | 1.38 | 1.49 | 1.31 | 1.27 | 1.33 | 1.33 | 1.38 |
| Days Sales Outstanding | — | 12.92 | 10.77 | 10.88 | 11.34 | 9.44 | 10.54 | 9.51 | 8.40 | 9.41 | 9.87 |
AZO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
AutoZone, Inc. returns 2.7% to shareholders annually primarily through share buybacks. The earnings yield of 4.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.1% | 3.5% | 4.7% | 5.4% | 5.4% | 6.1% | 6.0% | 5.8% | 6.3% | 8.3% | 5.4% |
| FCF Yield | 3.0% | 2.5% | 3.4% | 4.6% | 5.7% | 8.2% | 7.9% | 5.8% | 7.4% | 6.6% | 4.7% |
| Buyback Yield | 2.7% | 2.2% | 5.5% | 7.9% | 9.7% | 9.6% | 3.2% | 7.1% | 7.5% | 7.0% | 6.3% |
| Total Shareholder Yield | 2.7% | 2.2% | 5.5% | 7.9% | 9.7% | 9.6% | 3.2% | 7.1% | 7.5% | 7.0% | 6.3% |
| Shares Outstanding | — | $17M | $18M | $19M | $21M | $23M | $24M | $25M | $27M | $29M | $30M |
Peer Comparison
Compare AZO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AZOYou | $59B | 24.5 | 16.8 | 32.9 | 52.6% | 19.1% | — | 34.0% | 2.9 |
 ORLY | $79B | 31.8 | 22.0 | 49.7 | 51.6% | 19.5% | — | 37.2% | 2.1 |
 AAP | $3B | 78.4 | 12.8 | — | 43.7% | 1.9% | 2.0% | 2.9% | 12.1 |
 GPC | $15B | 223.9 | 12.8 | 34.8 | 34.6% | 5.0% | 1.5% | 8.3% | 4.7 |
 MNRO | $523M | -79.2 | 9.4 | 5.0 | 34.9% | 3.4% | -0.8% | 2.5% | 4.8 |
 MUSA | $11B | 24.1 | 13.7 | 28.7 | 5.0% | 3.8% | 64.3% | 15.8% | 3.2 |
 DRVN | $2B | -7.6 | 126.4 | — | 52.4% | -6.0% | -38.6% | -2.2% | 83.0 |
 PRTS | $59M | -1.0 | — | — | 32.8% | -8.9% | -72.8% | -51.3% | — |
 TEN | $1B | 8.7 | 6.6 | — | 34.2% | 34.6% | 10.3% | 6.9% | 4.2 |
 MOD | $14B | 78.8 | 40.4 | 110.0 | 25.0% | 11.0% | 22.0% | 17.6% | 1.2 |
 SMP | $871M | 21.4 | 6.5 | 46.5 | 30.2% | 10.3% | 6.2% | 10.8% | 3.0 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonAZO — Frequently Asked Questions
Quick answers to the most common questions about buying AZO stock.
What is AutoZone, Inc.'s P/E ratio?
AutoZone, Inc.'s current P/E ratio is 24.5x. The historical average is 17.2x. This places it at the 90th percentile of its historical range.
What is AutoZone, Inc.'s EV/EBITDA?
AutoZone, Inc.'s current EV/EBITDA is 16.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.9x.
Is AZO stock overvalued?
Based on historical data, AutoZone, Inc. is trading at a P/E of 24.5x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are AutoZone, Inc.'s profit margins?
AutoZone, Inc. has 52.6% gross margin and 19.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does AutoZone, Inc. have?
AutoZone, Inc.'s Debt/EBITDA ratio is 2.9x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.