AZO
AUTOZONE INC
Consumer Discretionary • CIK 0000866787
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Market Cap
$58.09B
P/E (TTM)
23.4x
Rev Growth (TTM)
+5.7%
Net Margin (TTM)
12.4%
FCF Yield (TTM)
2.8%
FCF Margin (TTM)
8.2%
Filings your agent reads
Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.
8-KJun 20262 weeks agosource
10-QQ3 20262 weeks agosource
8-KEarnings2026-05-26source
10-QQ2 20262026-03-20source
8-KEarnings2026-03-03source
Point your agent at AZO and it navigates these the same way — citing each number back to the filing.
Cash Flow Health
Free Cash Flow8/8 positive
TTM$1.6B
Q3 '26
$456M+1181%
Q2 '26
$36M-94%
FCF Margin
TTM8.2%
Q3 '269.4%+1031%
Sector: 2.3%Top 25%
OCF Margin15.4%
OCF/NI1.24x
CapEx Coverage2.1x
FCF Yield2.8%
FCF Growth (2Y)-12%
Cash Conversion Cycle
-297 days
DSO: 12+DIO: 0−DPO: 310
Capital Allocation & Returns
Balanced
Total Shareholder YieldTTM
TTM3.0%
Div Yield0.0%
+Buyback (TTM)3.0%
Balancing returns with reinvestment
Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$1.6B
Stock Repurchases (TTM)$1.8B
Capital Return / FCF108.1%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
29.7%
Moderate
-0.1% YoY-17.2%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
14.3%
8Q: 15.1%
Asset Turnover
1.01x
8Q: 0.96x
Leverage (1+D/E)
-2.24x
D/E: -3.24x
DuPont: -32.2% ≈ 29.7% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
2.75x
8Q:2.65x
-97.5%
Invested Cap Turn
2.08x
8Q:2.03x
-81.3%
CapEx Intensity
15.0%
8Q:14.0%
CapEx/Depreciation
2.18x
Asset-based ROIC formula
Valuation Analysis
Fair Value
Price-to-EarningsTTM
23.4x
Volatile
8Q: 96.8x+3486%
Multiple expansion without fundamental improvement
High PEG ratio (4.1x) suggests expensive for growth
Valuation Lenses
Earnings
23.4x
vs – sector
Cash Flow
40.8x
EV/FCF vs –
Growth-Adj
4.1xPEG
Expensive for growth
Quality-Adj
0.8P/E per %ROIC
ROIC: 29.7%
Shareholder Returns
Dividend
–
Buyback
3.0%
Total Yield
3.0%
Market Cap$58.09B
EV$66.63B
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
-1/100
Below Average
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Top 10%
-76.7%
8Q:–
Return on Invested Capital (ROIC)Top 25%
29.7%
8Q:–
-17.2%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 14.3%
Asset Turnover: 1.01x
Earnings Quality
Cash Conversion
1.24x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin51.8%
Capital Efficiency
Invested Capital Turnover2.08x
Working Capital
Cash Conversion Cycle-297 days
Growth Quality & Momentum
Low Quality
Growth Quality Score
50/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
5.7%
OpInc Growth YoY
6.6%
EPS Growth YoY
-1.6%
FCF 3Y CAGR
-11.6%
Growth Quality Analysis
⚠Working Capital Drag: FCF growth lagging revenue by 17.4%
⚠Sustainability Index: 3.0/10 - Growth sustainability concerns
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
51.8%
Operating
18.0%
Top 25% in sector
Net
12.4%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
-4.2 pts
FCF: 8.2% | Net: 12.4%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Solid
Net Debt / EBITDA
–Net Debt: $8.76B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
-3.24x
Balance sheet risk & solvency analysis