Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsOperating margin changed -1.4 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -1.4 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-08-30.
- Shareholders' equity was non-positive
Debt/equity is shown as not meaningful rather than as a negative leverage ratio.
Why this surfaced
Same-period reported shareholders' equity was zero or negative; review the balance sheet and capital structure. Period end 2025-08-30.
- 4 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +2.4% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-08-30.
- Free cash flow was positive
Latest reported free cash flow was $1.8B.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-08-30.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-21
- Latest period end
- 2025-08-30
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Auto Parts Locations$18.9B100.0%+2.4% yoy
Members sum to the consolidated $18.9B for this period.
- United States$16.7B88.0%+2.8% yoy
- Outside the United States$2.27B12.0%-0.2% yoy
Members sum to the consolidated $18.9B for this period.
- Auto Parts Locations$4.84B100.0%+8.4% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-08-30 · among 4,060 US-listed filers · 478 in Consumer| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $18.9B | 93rdof 3,247 top third | 88thof 461 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 2.4% | 37thof 3,083 middle third | 44thof 448 middle third |
Gross margin gross profit ÷ revenue | 52.6% | 68thof 1,585 top third | 83rdof 327 top third |
Operating margin operating income ÷ revenue | 19.1% | 83rdof 2,777 top third | 90thof 432 top third |
Net margin net income ÷ revenue | 13.2% | 77thof 3,212 top third | 91stof 458 top third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 9.4% | 65thof 2,640 middle third | 81stof 417 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 13 days | 87thof 2,373 top third | 67thof 382 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 2.7× | 43rdof 1,524 middle third | 42ndof 244 middle third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 1.3× | 38thof 2,243 middle third | 30thof 315 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -3.4% | 41stof 3,845 middle third | 32ndof 457 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-08-30 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 0 changed periodsNo period on file has changed between its first report and the latest filing carrying it.
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding; share counts re-presented by an integer split ratio are listed as split adjustments, not restatements. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
debt, leases, revenue, segments, contingencies, taxes and more · the filer's own wordsCommitments and contingencies · 965 characters as filed
Note N Commitments and Contingencies On February 20, 2026, the U.S. Supreme Court invalidated tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The President immediately introduced new tariffs under different statutory authority, though their scope and duration, and the likelihood and outcome of further legal challenges to these tariffs, remain uncertain. On April 20, 2026, the Company filed for refunds of IEEPA tariffs paid directly by the Company via the U.S. Customs and Border Protections consolidated administration and processing of entries tool in the automated commercial environment portal. Due to the uncertainty around the timing and amount of refunds to be received, the Company has not recognized any potential IEEPA tariff refunds within its Condensed Consolidated Financial Statements as of May 9, 2026. The Company continues to monitor the potential impacts on its financial condition and results of operations. …
CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing
Debt · 5,003 characters as filed
Note I Financing The Companys debt consisted of the following: May 9, August 30, (in thousands) 2026 2025 3.125% Senior Notes due April 2026, effective interest rate 3.28% $ $ 400,000 5.050% Senior Notes due July 2026, effective interest rate 5.09% 450,000 450,000 3.750% Senior Notes due June 2027, effective interest rate 3.83% 600,000 600,000 4.500% Senior Notes due February 2028, effective interest rate 4.43% 450,000 450,000 6.250% Senior Notes due November 2028, effective interest rate 6.46% 500,000 500,000 3.750% Senior Notes due April 2029, effective interest rate 3.86% 450,000 450,000 5.100% Senior Notes due July 2029, effective interest rate 5.30% 600,000 600,000 4.000% Senior Notes due April 2030, effective interest rate 4.09% 750,000 750,000 5.125% Senior Notes due June 2030, effective interest rate 5.14% 500,000 500,000 1.650% Senior Notes due January 2031, effective interest rate 2.19% 600,000 600,000 4.750% Senior Notes due August 2032, effective interest rate 4.76% 750,000 750,000 4.750% Senior Notes due February 2033, effective interest rate 4.70% 550,000 550,000 5.200% Senior Notes due August 2033, effective interest rate 5.22% 300,000 300,000 6.550% Senior Notes due November 2033, effective interest rate 6.71% 500,000 500,000 5.400% Senior Notes due July 2034, effective interest rate 5.54% 700,000 700,000 Commercial paper, weighted average interest rate 3.96% at May 9, 2026, and 4.46% at August 30, 2025 1,358,000 748,600 Total debt before discounts and debt is …
DebtDisclosureTextBlock · excerpt; the full note is in the filing
Share-based compensation · 5,437 characters as filed
Note L Share-Based Plans AutoZone maintains several equity incentive plans, which provide equity-based compensation to non-employee directors and eligible employees for their service to AutoZone, its subsidiaries or affiliates. The Company recognizes compensation expense for share-based payments based on the fair value of the awards at the grant date. Share-based payments include stock option grants, restricted stock grants, restricted stock unit grants, discounts on shares sold to employees under share purchase plans and other awards. Additionally, directors fees are paid in restricted stock units with value equivalent to the value of shares of common stock as of the grant date. The change in fair value of liability-based stock awards is also recognized in share-based compensation expense. Stock Options: The Company made stock option grants for 119,235 shares during the thirty-six week period ended May 9, 2026, and granted options to purchase 122,802 shares during the comparable prior year period. The Company grants options to purchase common stock to certain of its employees under its equity incentive plans at prices equal to or above the market value of the stock on the date of grant. Option-vesting periods range from four to five years, with the majority of options vesting ratably over four years. The fair value of each option is amortized into compensation expense on a straight-line basis over the requisite service period, less estimated forfeitures. Employees who meet t …
DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing
Fair value · 3,526 characters as filed
Note D Fair Value Measurements The Company defines fair value as the price received to transfer an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In accordance with ASC 820, Fair Value Measurements and Disclosures , the Company uses the fair value hierarchy, which prioritizes the inputs used to measure fair value. The hierarchy, as defined below, gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of the fair value hierarchy are set forth below: Level 1 inputs unadjusted quoted prices in active markets for identical assets or liabilities that the Company can access at the measurement date. Level 2 inputs inputs other than quoted market prices included within Level 1 that are observable, either directly or indirectly, for the asset or liability. Level 3 inputs unobservable inputs for the asset or liability, which are based on the Companys own assumptions as there is little, if any, observable activity in identical assets or liabilities. Marketable Debt Securities Measured at Fair Value on a Recurring Basis The Companys marketable debt securities measured at fair value on a recurring basis were as follows: May 9, 2026 (in thousands) Level 1 Level 2 Level 3 Fair Value Other current assets $ 13,641 $ 3,150 $ $ 16,791 Other long-term assets 63,029 61,090 124,119 $ 76,670 $ 64,240 $ $ 140,910 …
FairValueDisclosuresTextBlock · excerpt; the full note is in the filing
Legal matters · 585 characters as filed
Note H Litigation The Company is involved in various legal proceedings incidental to the conduct of its business, including, but not limited to, claims and allegations related to wage and hour violations, unlawful termination, employment practices, product liability, privacy and cybersecurity, environmental matters, intellectual property rights or regulatory compliance. The Company does not currently believe that, either individually or in the aggregate, these matters will result in liabilities material to the Companys financial condition, results of operations or cash flows. …
LegalMattersAndContingenciesTextBlock · excerpt; the full note is in the filing
New accounting pronouncements · 2,762 characters as filed
Recently Issued Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-09, Income Taxes (Topic 740) . The amendments in this ASU are intended to enhance the transparency of income tax information by updating income tax disclosure requirements. The guidance is effective for public entities for annual periods beginning after December 15, 2024, and early adoption is permitted. The amendments in this ASU should be applied on a prospective basis; however, retrospective application is permitted. The Company will adopt this standard with its fiscal 2026 annual filing. The Company is currently evaluating these new disclosure requirements and does not expect the adoption to have a material impact. In November 2024, the FASB issued ASU 2024-03, Income Statement Reporting Comprehensive Income Expense Disaggregation Disclosures (Subtopic 220-40) . This ASU requires disclosure in the notes to the financial statements, at each interim and annual reporting period, of specified information about certain costs and expenses including purchases of inventory, employee compensation, depreciation and intangible asset amortization included in each relevant expense caption. Also required is a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated. This ASU is effective for all public entities for annual reporting periods beginning after December 15, 2026, an …
NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing
Segment reporting · 3,216 characters as filed
Note M Segment Reporting The Company is a leading retailer and distributor of automotive parts and accessories through the Companys 7,856 stores in the Americas. The Company has a single operating and reportable segment which aligns with how the Company is managed. This single operating segment includes all operations which are designed to enable customers to purchase products seamlessly in stores and from our online platforms. We carry an extensive product line for cars, sport utility vehicles, vans and light duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Companys chief operating decision maker (CODM), the Chief Executive Officer, regularly reviews consolidated net income, as well as significant segment expenses included in the table below, to evaluate performance and allocate resources. The CODM also evaluates consolidated actual results versus forecasts, budgets and prior year results. The measure of segment assets is reported as Total assets on the Condensed Consolidated Balance Sheets as of May 9, 2026, and August 30, 2025. Expenditures for long-lived segment assets are reported as Capital expenditures on the Condensed Consolidated Statements of Cash Flows for the thirty-six weeks ended May 9, 2026, and May 10, 2025. The following table represents significant expenses that are regularly provided to the CODM for the twelve and thirty-six weeks ended May 9, 2026, and May 10, 2025: Twelve …
SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing
Source: SEC DERA Financial Statement and Notes data sets (txt.tsv), excerpts of the filer's own note text; the full note is in the linked filing. Excerpts are the first part of each note exactly as tagged in the filing; open the filing for the full text and the tables. Descriptive and educational, not advice.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.