AutoZone, Inc.

AZO Consumer Cyclical Auto Parts

AutoZone, Inc.’s revenue for fiscal 2026 (year ended August 2026) was $20.3 billion, up 7.39% from fiscal 2025. In the quarter to August 2026, revenue grew 5.64%, EPS grew 14.3%, free cash flow grew 7.88% and total debt rose 3.17%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

3,120.59 60.97 +1.99%
Market cap
$50.0B
P/E
20.0×
Fwd P/E
17.8×
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

AutoZone, Inc. (AZO) Return on invested capital

Alert me on Return on invested capital

AutoZone, Inc.'s return on invested capital over the twelve months to 31 August 2026 was 37.2%. Over the past ten years it has ranged from 34.6% (fiscal 2018) to 88.2% (fiscal 2022); the current reading is higher than 17% of that period. That is above the Auto Parts industry median of 4.55% and above the Consumer Cyclical sector median of 2.95%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2026 37.2% (6.89)
FY2025 44.1% (15.43)
FY2024 59.6% (11.83)
FY2023 71.4% (16.78)
FY2022 88.2% 8.18
FY2021 80.0% 27.60
FY2020 52.4% 10.61
FY2019 41.8% 7.14
FY2018 34.6% (4.07)
FY2017 38.7% (5.00)

Against its own ten years

Low 34.6% High 88.2%
Ten-year median 44.3%
Current reading's percentile 17

Return on invested capital against peers

Company Return on invested capital
ORLY O'Reilly Automotive, Inc. compare 46.2%
AZO AutoZone, Inc. 37.2%
ALV Autoliv, Inc. compare 15.3%
MOD Modine Manufacturing Company compare 13.0%
ALSN Allison Transmission Holdings, Inc. compare 9.45%
GPC Genuine Parts Company compare 6.40%
BWA BorgWarner Inc. compare 6.20%
APTV Aptiv PLC compare 5.42%
AUR Aurora Innovation, Inc. compare −82.4%
Auto Parts industry median 4.55%
Consumer Cyclical sector median 2.95%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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