Revenue growth accelerated to 10.2% in 2026Q1, while the company maintained structural pricing power with a consistent 51.5% gross margin.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 18.21B | 17.78B | 16.71B | 15.81B | 14.41B | 13.33B | 11.6B | 10.15B | 9.54B | 8.98B | 8.59B | 7.97B | 7.22B | 6.65B | 6.18B | 5.79B | 5.4B | 4.85B | 3.58B | 2.52B | 2.28B | 2.05B | 1.72B | 1.51B | 1.31B | 1.09B | 890.42M | 754.1M | 616.3M | 316.4M | 259.2M |
| Revenue Growth % | 7.92% | 6.42% | 5.67% | 9.73% | 8.12% | 14.85% | 14.33% | 6.43% | 6.22% | 4.48% | 7.86% | 10.4% | 8.52% | 7.55% | 6.8% | 7.25% | 11.36% | 35.52% | 41.8% | 10.47% | 11.63% | 18.83% | 13.85% | 15.19% | 20.18% | 22.65% | 18.08% | 22.36% | 94.79% | 22.07% | 28.64% |
| Cost of Goods Sold | 8.81B | 8.61B | 8.15B | 7.71B | 7.03B | 6.31B | 5.52B | 4.76B | 4.5B | 4.26B | 4.08B | 3.8B | 3.51B | 3.28B | 3.08B | 2.95B | 2.78B | 2.52B | 1.95B | 1.4B | 1.28B | 1.15B | 978.08M | 873.48M | 759.09M | 624.29M | 482.91M | 410.9M | 346.2M | 173.5M | 144.7M |
| COGS % of Revenue | - | 48.41% | 48.8% | 48.74% | 48.77% | 47.33% | 47.56% | 46.85% | 47.15% | 47.42% | 47.53% | 47.75% | 48.6% | 49.33% | 49.9% | 50.99% | 51.44% | 52% | 54.48% | 55.58% | 55.91% | 56.36% | 56.82% | 57.78% | 57.84% | 57.16% | 54.23% | 54.49% | 56.17% | 54.84% | 55.83% |
| Gross Profit | 9.4B | 9.17B | 8.55B | 8.1B | 7.38B | 7.02B | 6.09B | 5.39B | 5.04B | 4.72B | 4.51B | 4.16B | 3.71B | 3.37B | 3.1B | 2.84B | 2.62B | 2.33B | 1.63B | 1.12B | 1.01B | 892.5M | 743.16M | 638.34M | 553.4M | 467.82M | 407.51M | 343.2M | 270.1M | 142.9M | 114.5M |
| Gross Margin % | 51.63% | 51.59% | 51.2% | 51.26% | 51.23% | 52.67% | 52.44% | 53.15% | 52.85% | 52.58% | 52.47% | 52.25% | 51.4% | 50.67% | 50.1% | 49.01% | 48.56% | 48% | 45.52% | 44.42% | 44.09% | 43.64% | 43.18% | 42.22% | 42.16% | 42.84% | 45.77% | 45.51% | 43.83% | 45.16% | 44.17% |
| Gross Profit Growth % | - | 7.24% | 5.55% | 9.8% | 5.15% | 15.35% | 12.81% | 7.04% | 6.76% | 4.69% | 8.32% | 12.23% | 10.09% | 8.77% | 9.17% | 8.25% | 12.66% | 42.91% | 45.29% | 11.3% | 12.8% | 20.09% | 16.42% | 15.35% | 18.29% | 14.8% | 18.74% | 27.06% | 89.01% | 24.8% | 29.09% |
| Operating Expenses | 5.84B | 5.71B | 5.3B | 4.92B | 4.43B | 4.1B | 3.67B | 3.47B | 3.22B | 3B | 2.81B | 2.65B | 2.44B | 2.27B | 2.12B | 1.97B | 1.91B | 1.79B | 1.29B | 815.31M | 724.4M | 639.98M | 552.71M | 473.06M | 415.1M | 353.99M | 317.48M | 266.3M | 213.2M | 105.8M | 85.7M |
| OpEx % of Revenue | - | 32.13% | 31.74% | 31.11% | 30.72% | 30.78% | 31.59% | 34.23% | 33.82% | 33.36% | 32.7% | 33.25% | 33.79% | 34.07% | 34.29% | 34.04% | 35.35% | 36.91% | 36.13% | 32.32% | 31.73% | 31.29% | 32.11% | 31.29% | 31.63% | 32.41% | 35.66% | 35.31% | 34.59% | 33.44% | 33.06% |
| Selling, General & Admin | 5.84B | 5.71B | 5.3B | 4.92B | 4.43B | 4.1B | 3.67B | 3.47B | 3.22B | 3B | 2.81B | 2.65B | 2.44B | 2.27B | 2.12B | 1.97B | 1.89B | 1.79B | 1.29B | 815.31M | 724.4M | 639.98M | 552.71M | 473.06M | 415.1M | 353.99M | 292.67M | 248.4M | 201M | 97.5M | 79.6M |
| SG&A % of Revenue | - | 32.13% | 31.74% | 31.11% | 30.72% | 30.78% | 31.59% | 34.23% | 33.82% | 33.36% | 32.7% | 33.25% | 33.79% | 34.07% | 34.29% | 34.09% | 34.97% | 36.91% | 36.13% | 32.32% | 31.73% | 31.29% | 32.11% | 31.29% | 31.63% | 32.41% | 32.87% | 32.94% | 32.61% | 30.82% | 30.71% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | -2.8M | 20.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.81M | 17.9M | 12.2M | 8.3M | 6.1M |
| Operating Income | 3.56B | 3.46B | 3.25B | 3.19B | 2.96B | 2.93B | 2.42B | 1.92B | 1.82B | 1.73B | 1.7B | 1.53B | 1.27B | 1.1B | 977.39M | 863.97M | 733.68M | 537.62M | 345.22M | 305.15M | 282.31M | 252.52M | 190.46M | 165.28M | 138.3M | 113.83M | 90.03M | 76.9M | 56.9M | 37.1M | 28.8M |
| Operating Margin % | 19.56% | 19.46% | 19.46% | 20.17% | 20.56% | 21.98% | 20.88% | 18.94% | 19.03% | 19.22% | 19.77% | 19.24% | 17.6% | 16.6% | 15.81% | 14.92% | 13.59% | 11.09% | 9.65% | 12.1% | 12.36% | 12.35% | 11.07% | 10.93% | 10.54% | 10.42% | 10.11% | 10.2% | 9.23% | 11.73% | 11.11% |
| Operating Income Growth % | - | 6.44% | 1.96% | 7.65% | 1.1% | 20.93% | 26.01% | 5.92% | 5.2% | 1.54% | 10.84% | 20.67% | 15.12% | 12.9% | 13.13% | 17.76% | 36.47% | 55.73% | 13.13% | 8.09% | 11.8% | 32.59% | 15.24% | 19.5% | 21.5% | 26.44% | 17.07% | 35.15% | 53.37% | 28.82% | 30.91% |
| EBITDA | 4.09B | 3.97B | 3.71B | 3.6B | 3.32B | 3.26B | 2.74B | 2.19B | 2.07B | 1.96B | 1.92B | 1.74B | 1.46B | 1.29B | 1.15B | 1.03B | 901.91M | 694.63M | 461.76M | 384.09M | 347.25M | 309.75M | 244.78M | 207.65M | 175.21M | 144.38M | 114.84M | 94.8M | 69.1M | 45.4M | 34.9M |
| EBITDA Margin % | 22.44% | 22.34% | 22.22% | 22.75% | 23.04% | 24.45% | 23.59% | 21.61% | 21.75% | 21.82% | 22.31% | 21.88% | 20.3% | 19.35% | 18.67% | 17.79% | 16.71% | 14.33% | 12.91% | 15.23% | 15.21% | 15.14% | 14.22% | 13.74% | 13.35% | 13.22% | 12.9% | 12.57% | 11.21% | 14.35% | 13.46% |
| EBITDA Growth % | 9.97% | 6.97% | 3.21% | 8.36% | 1.9% | 19.02% | 24.79% | 5.76% | 5.86% | 2.2% | 9.97% | 19.03% | 13.83% | 11.45% | 12.1% | 14.19% | 29.84% | 50.43% | 20.22% | 10.61% | 12.11% | 26.54% | 17.88% | 18.52% | 21.36% | 25.72% | 21.14% | 37.19% | 52.2% | 30.09% | 34.23% |
| D&A (Non-Cash Add-back) | 524.37M | 511.23M | 461.89M | 409.06M | 357.93M | 328.22M | 314.63M | 270.88M | 258.94M | 233.84M | 217.87M | 210.26M | 194.21M | 183.18M | 177.11M | 165.88M | 168.23M | 157.01M | 116.55M | 78.94M | 64.94M | 57.23M | 54.33M | 42.37M | 36.91M | 30.54M | 24.81M | 17.9M | 12.2M | 8.3M | 6.1M |
| EBIT | 3.57B | 3.48B | 3.27B | 3.21B | 2.96B | 2.93B | 2.43B | 1.93B | 1.82B | 1.73B | 1.71B | 1.52B | 1.28B | 1.11B | 981.72M | 843.94M | 728.65M | 542.07M | 328.67M | 305.15M | 282.31M | 252.52M | 192.44M | 166.91M | 138.3M | 113.83M | 90.03M | 76.9M | 56.9M | 37.1M | 28.8M |
| Net Interest Income | -232.84M | -227.74M | -215.25M | -196.77M | -152.96M | -142.8M | -158.63M | -137.43M | -119.61M | -89M | -66.71M | -54.79M | -50.99M | -47.08M | -37.76M | -25.92M | -37.33M | -43.63M | -22.95M | 0 | 0 | -3.48M | -3.8M | -6.57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 7.41M | 7.32M | 7.29M | 4.9M | 4.76M | 1.97M | 2.49M | 2.54M | 2.52M | 2.35M | 4.22M | 2.34M | 2.3M | 1.99M | 2.44M | 2.25M | 1.94M | 1.54M | 3.19M | 0 | 0 | 1.58M | 901K | 298K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 240.25M | 235.06M | 222.55M | 201.67M | 157.72M | 144.77M | 161.13M | 139.97M | 122.13M | 91.35M | 70.93M | 57.13M | 53.29M | 49.07M | 40.2M | 28.16M | 39.27M | 45.18M | 26.14M | 0 | 0 | 5.06M | 4.7M | 6.86M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -224.84M | -220.44M | -206.09M | -183.83M | -163.44M | -147.85M | -156.33M | -132.3M | -121.1M | -87.6M | -62.02M | -72.66M | -48.19M | -44.54M | -35.87M | -48.2M | -44.3M | -40.72M | -42.69M | 2.34M | -50K | -1.46M | -2.72M | -5.23M | -7.32M | -7.1M | -6.87M | -3.9M | -6.9M | 400K | 1.3M |
| Pretax Income | 3.34B | 3.24B | 3.05B | 3B | 2.8B | 2.78B | 2.27B | 1.79B | 1.69B | 1.64B | 1.64B | 1.46B | 1.22B | 1.06B | 941.52M | 815.77M | 689.37M | 496.9M | 302.53M | 307.49M | 282.26M | 251.07M | 187.74M | 160.04M | 130.98M | 106.73M | 83.16M | 73M | 50M | 37.5M | 30.1M |
| Pretax Margin % | 18.32% | 18.22% | 18.22% | 19% | 19.42% | 20.87% | 19.53% | 17.64% | 17.76% | 18.24% | 19.05% | 18.33% | 16.94% | 15.93% | 15.23% | 14.09% | 12.77% | 10.25% | 8.46% | 12.19% | 12.36% | 12.28% | 10.91% | 10.59% | 9.98% | 9.77% | 9.34% | 9.68% | 8.11% | 11.85% | 11.61% |
| Income Tax | 732M | 701.96M | 658.38M | 658.17M | 626M | 617.23M | 514.1M | 399.29M | 369.6M | 504M | 599.5M | 529.15M | 444M | 388.65M | 355.77M | 308.1M | 270M | 189.4M | 116.3M | 113.5M | 104.18M | 86.8M | 70.06M | 59.95M | 48.99M | 40.38M | 31.45M | 27.4M | 19.2M | 14.4M | 11.1M |
| Effective Tax Rate % | 21.94% | 21.66% | 21.62% | 21.9% | 22.37% | 22.19% | 22.68% | 22.3% | 21.82% | 30.77% | 36.62% | 36.23% | 36.33% | 36.7% | 37.79% | 37.77% | 39.17% | 38.12% | 38.44% | 36.91% | 36.91% | 34.57% | 37.32% | 37.46% | 37.4% | 37.83% | 37.82% | 37.53% | 38.4% | 38.4% | 36.88% |
| Net Income | 2.6B | 2.54B | 2.39B | 2.35B | 2.17B | 2.16B | 1.75B | 1.39B | 1.32B | 1.13B | 1.04B | 931.22M | 778.18M | 670.29M | 585.75M | 507.67M | 419.37M | 307.5M | 186.23M | 193.99M | 178.09M | 164.27M | 139.57M | 100.09M | 81.99M | 66.35M | 51.71M | 45.6M | 30.8M | 23.1M | 19M |
| Net Margin % | 14.3% | 14.27% | 14.28% | 14.84% | 15.08% | 16.24% | 15.1% | 13.7% | 13.89% | 12.63% | 12.08% | 11.69% | 10.78% | 10.08% | 9.47% | 8.77% | 7.77% | 6.34% | 5.21% | 7.69% | 7.8% | 8.03% | 8.11% | 6.62% | 6.25% | 6.08% | 5.81% | 6.05% | 5% | 7.3% | 7.33% |
| Net Income Growth % | 9.5% | 6.35% | 1.71% | 8.01% | 0.37% | 23.53% | 25.97% | 5.03% | 16.82% | 9.26% | 11.43% | 19.67% | 16.1% | 14.43% | 15.38% | 21.06% | 36.38% | 65.12% | -4% | 8.93% | 8.41% | 17.7% | 39.44% | 22.07% | 23.57% | 28.32% | 13.39% | 48.05% | 33.33% | 21.58% | 34.75% |
| Net Income (Continuing) | 2.6B | 2.54B | 2.39B | 2.35B | 2.17B | 2.16B | 1.75B | 1.39B | 1.32B | 1.13B | 1.04B | 931.22M | 778.18M | 670.29M | 585.75M | 507.67M | 419.37M | 307.5M | 186.23M | 193.99M | 178.09M | 164.27M | 117.67M | 100.09M | 81.99M | 66.35M | 51.71M | 45.6M | 30.8M | 23.1M | 19M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.09 | 2.97 | 2.71 | 2.69 | 2.34 | 2.18 | 1.65 | 1.25 | 1.13 | 0.89 | 0.75 | 0.64 | 0.51 | 0.42 | 0.33 | 0.26 | 0.21 | 0.16 | 0.10 | 0.12 | 0.11 | 0.10 | 0.09 | 0.06 | 0.05 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
| EPS Growth % | 10.99% | 9.59% | 0.74% | 14.96% | 7.34% | 32.12% | 32% | 10.62% | 26.97% | 18.67% | 17.19% | 25.49% | 21.43% | 27.27% | 26.92% | 23.81% | 31.25% | 60% | -16.67% | 9.09% | 10% | 14.03% | 36.6% | 20.22% | 21.36% | 25.71% | 9.03% | 37.18% | 23.16% | 19.5% | 33.61% |
| EPS (Basic) | - | 2.98 | 2.73 | 2.59 | 2.25 | 2.09 | 1.58 | 1.20 | 1.08 | 0.85 | 0.72 | 0.62 | 0.50 | 0.41 | 0.32 | 0.25 | 0.20 | 0.15 | 0.10 | 0.11 | 0.10 | 0.10 | 1.07 | 0.07 | 0.05 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
| Diluted Shares Outstanding | 842.52M | 855.92M | 838.64M | 871.4M | 928.03M | 994.44M | 1.06B | 1.11B | 1.18B | 1.28B | 1.38B | 1.45B | 1.51B | 1.59B | 1.76B | 1.96B | 2.03B | 1.97B | 1.79B | 1.66B | 1.64B | 1.62B | 1.59B | 1.56B | 1.53B | 1.51B | 1.48B | 1.42B | 1.31B | 1.22B | 1.19B |
| Basic Shares Outstanding | 838.58M | 851.47M | 875.08M | 907.12M | 965.58M | 1.03B | 1.11B | 1.15B | 1.22B | 1.33B | 1.43B | 1.5B | 1.56B | 1.64B | 1.82B | 2.02B | 2.08B | 2.04B | 1.87B | 1.72B | 1.7B | 1.67B | 110.02M | 1.54B | 1.52B | 1.49B | 1.46B | 1.39B | 1.31B | 1.2B | 1.19B |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long-term EV adoption headwinds
According to the latest quarterly data, ORLY achieved a 10.2% revenue growth rate in 2026Q1, marking a notable acceleration from the 3.8% growth observed in 2024Q3 and suggesting that the company's hub-and-spoke distribution model continues to capture significant market share within the professional automotive aftermarket segment.
The consistent upward trend in top-line performance appears to be driven by the company's ability to maintain high part availability, which remains a critical differentiator for professional installers. This growth trajectory suggests that the firm is successfully navigating broader industry challenges, potentially benefiting from an aging vehicle fleet that necessitates more frequent, non-discretionary maintenance.
As reported in financial statements, ORLY maintained a gross margin of 51.5% in 2026Q1, reflecting a high degree of pricing power and effective inventory management that has kept margins consistently above the 50% threshold throughout the observed ten-quarter period despite inflationary pressures on procurement costs.
The stability of these margins indicates that the company possesses the ability to pass through input cost increases to the end consumer without sacrificing volume. Investors should monitor whether this pricing power remains intact as the company continues to scale its private-label product offerings, which likely serve as a key margin-accretive lever.
Based on the provided income statement data, operating income reached $841.6 million in 2026Q1, demonstrating that the company is effectively managing its SG&A expenses relative to gross profit growth, thereby allowing for meaningful operating margin expansion during periods of peak seasonal demand in the automotive repair cycle.
The ability to scale operating income faster than revenue during high-volume quarters suggests that the company's fixed-cost distribution infrastructure is being utilized with increasing efficiency. This operating leverage appears to be a core component of the firm's profitability, though it warrants ongoing scrutiny regarding the impact of rising labor costs on future margin sustainability.
Analysis of the reported figures reveals that ORLY's EPS growth of 15.6% in 2026Q1 significantly outpaced net income growth, a trend consistent with the company's aggressive share repurchase strategy that has historically served to amplify shareholder returns even during periods of more moderate organic earnings expansion.
While the share count reduction provides a clear tailwind to EPS, investors should distinguish between growth driven by operational performance and growth derived from financial engineering. The relatively low and controlled level of stock-based compensation suggests that the earnings quality remains high, as dilution is not currently a material concern for shareholders.
Despite strong historical performance, the company's reliance on a labor-intensive delivery model, as evidenced by the $1.5 billion SG&A expense in 2026Q1, presents a potential vulnerability to sustained wage inflation that could compress operating margins if the firm fails to achieve further automation or pricing offsets.
Short-term observers may focus on the potential for margin degradation if the professional segment's delivery costs continue to rise faster than the company's ability to adjust pricing. Furthermore, the long-term transition toward electric vehicles may eventually reduce the frequency of traditional engine-related repairs, which could challenge the current revenue growth narrative.
Quick answers to the most common questions about buying ORLY stock.
For fiscal year 2025, O'Reilly Automotive, Inc. (ORLY) reported total revenue of $17.78B. This represents a 6760.3% increase compared to $259.2M in 1996.
O'Reilly Automotive, Inc. (ORLY) is profitable, generating $2.54B in net income for the fiscal year ending 2025 with a net profit margin of 14.3%.
O'Reilly Automotive, Inc. (ORLY) reported an operating income of $3.46B, resulting in an operating profit margin of 19.5%. This margin reflects the operational efficiency of the business before interest and taxes.
O'Reilly Automotive, Inc. (ORLY) generated $9.17B in gross profit for the year, representing a gross profit margin of 51.6%. This demonstrates the company's core pricing power and production efficiency.